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

To: gregor_us who wrote (17817)	2/20/2009 2:17:46 PM
From: philv	2 Recommendations Respond to of 71475

"And remember, currency is nothing more than sovereign debt of zero maturity." Currency has zero maturity, and the value of thereof is not referenced to anything. It has no anchor, and its value is whatever is perceived from time to time. What is known is the further out into the future, the value has always been less as more and more money circulates, chasing real assets. So I agree with your statement about owning unencumbered assets.

To: gregor_us who wrote (17817)	2/20/2009 2:33:01 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 71475

Are there any currencies that you do like? How do you recommend holding those currencies if so? Do you feel the currency ETF are safe (FXC, FXA, FXE, etc)? I have some physical gold here. I'm thinking I need to set up a Forex account so I can trade 24/7. I agree w/your general thesis, but am hoping that since most of the world's major currencies have issues that US debt may be spared the worst case scenario. I have some mining shares as well, but I've been selling my overweight positions into strength ST as there's becoming a great divergence every day between the shares and the metal. I think it's just a ST top forming vs IT. I plan on holding some mining shares thru this regardless assuming they're still cheap for 900-1000 gold.