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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (104219)2/9/2008 3:04:56 PM
From: The VetRead Replies (1) of 306849
 
Americans are starting to pull money out of funds in a big way ??

Where is it going; under the mattress?

There are few banks you could depend on with any degree of certainty, and any interest bearing paper is either risky, obscure or doesn't keep up with the true inflation rate.

While US residents may still trust government securities denominated in USD, most offshore investor's confidence in the US dollar is rapidly declining, not that many other currencies offer better prospects.

Commodities, gold and silver may have some appeal but they are not traditional investments for US centric investors who are suspicious of them, and they have adverse tax implications for US taxpayers. Those adverse tax rules don't apply to most offshore investors so they may be more inclined to use PMs and commodities as protection for capital.
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