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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (100235)2/13/2004 8:07:17 PM
From: Tommaso  Read Replies (1) | Respond to of 132070
 
KT, Templeton says that the government is correct not to worry about the collapse of the dollar.

He seems to believe that all other currencies will drop along with the dollar.

Drop against what?

Templeton also says, "Now is the time to play it safe."

What is safe?

I think maybe Bill Gross's PCRDX is the right place. TIPS plus commodities futures.

I am trying to magnify the movements by owning RYVNX, BEARX, and a bund of commodity (epescially energy) plays.

If the USA had a gold-backed currnency I would just be putting money in mason jars and burying it in the back yard! (More or less).