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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%4:00 PM EST

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To: TobagoJack who wrote (43120)11/25/2008 10:24:09 PM
From: A Horse With No Name  Read Replies (1) of 217742
 
tobago i need advise. in one of your posts you mention that to keep 50% in gold and 50% in US dollar is a strategy where you could lose 25%. my fear is that the US dollar will either be devalued outright by the govt or the treasury will default. so to keep the above balance and save yourself from devaluation of the dollar would it not be prudent to find a currency which matches US dollar moves and invest in that. the closest thing i could find is the Yen as suggested to me by another poster. do you think that is a sound strategy.? maybe 50% gold 25% USdollar 25% japenese Yen.
but do you think once the unwinding of the carry trade is over dollar and yen would part ways? also if you want to hold yen where can you hold it to avoid bank risks.? would appreciate your advise. thanks
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