Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Real Man who wrote (17397)	2/6/2009 2:09:20 PM
From: benwood	Read Replies (4) \| Respond to of 71454

One thing I've been mulling over the past month or two is that in about a year, I may acquire another property (house or condo). But I'm thinking this for a couple reasons. It could be a good inflation hedge; and it's less likely to be seized by the gov't. I would do it in a location where I could put my homeless parents (they live in an RV). They could subsidize my mortgage payments and have a better place to live. Not so far from where I live (nor not so close... <g> ). I worry a bit more each week that the gov't will end up using Argentina's playbook, and entrap US dollar cash or liquid investments, or simply confiscate them. That is, currency controls (maybe a year off?), seizing 401k, 403b, and company pension funds (esp. if private pensions keep getting foisted on the gov't anyway, which will give them political ammo to take the rest), bullion. Restrictions on foreign accounts and currency export controls. Anyway, it would hedge against loss of most assets. Perhaps. Of course it could always lead to too much property tax. Just the kick-around-the-idea stage right now.