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

To: Real Man who wrote (27261)	3/4/2010 1:00:32 PM
From: rubbersoul	Read Replies (1) \| Respond to of 71475

RM, Do you any gold stock positions currently? Thanks

To: Real Man who wrote (27261)	3/4/2010 1:21:35 PM
From: Ploni	Read Replies (1) \| Respond to of 71475

"Moreover, the whole globe will be printing itself out of bad loans, there is no other choice." I'm trying to get a handle on the effects of that. Is it basically a transfer of wealth from the citizens (the ones who have savings) to their governments? It seems that the best way to survive that is: (a) live in a country that isn't too deep in debt, but not many people can relocate; (b) instead of holding the U.S. dollar or Euro, and since foreigners can't get the Yuan too readily, instead hold Australian and Hong Kong dollars (and maybe Canadian dollars); (c) invest in gold or silver bullion or stocks; (d) invest in companies that sell basic necessities (such as flour and sugar millers), especially if they are located in countries that aren't too deep in debt. [I haven't found too many of those.] What do you guys think? Canada is supposedly making efforts to reduce its public debt. Do you think its currency will be a refuge? Or do you think its proximity to the U.S. will kill it? corruption? As far as owning U.S. stocks, we would still own the same percentage of the company, so one would either expect the prices to rise if the U.S. dollar crashes, or else the companies could delist from the U.S. market and start trading on a market that has a more stable currency.