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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (1273)	10/2/2007 8:00:14 PM
From: stan_hughes	Respond to of 71408

Some allocation to gold certainly seems warranted to me in this situation, but if you're trying to time these things, you also have to keep in mind that: (a) gold has already gone up somewhat in both anticipation and foreknowledge of all these currency events; (b) physical is probably safer than gold stocks unless you're prepared to assume some generalized stock market liquidity risk, e.g. look what happened to gold stocks in August -- they got clobbered along with everything else in the rush to raise cash from anything saleable; c) you should expect the POG to be negatively targeted by the CBs as part of any overall clandestine currency control/manipulation agreement they might still be following. If you like oil even in a recession scenario, perhaps something a little petro-backed (e.g. CDN $) won't fall as far as some others on a relative basis, or you could try something as neutral as possible in an attempt to try to stay out of the road completely (e.g. Swiss Franc). Or maybe some of all of these would be the best defense, who's to know. FWIW I'm very narrowly allocated 85-15 in the Loonie & physical, but I've been contemplating for a couple weeks now about moving a chunk of that Loonie position into the Swissie now that the Loonie has had a good run -- but I still haven't done anything about it yet. Disclaimer: I don't have a crystal ball. A refund of the amount paid for any of my opinions will cheerfully be refunded to any dissatisfied customer