SI
SI
discoversearch

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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (140904)4/23/2018 1:57:57 PM
From: Haim R. Branisteanu1 Recommendation

Recommended By
Fiscally Conservative

  Read Replies (1) | Respond to of 218651
 
Does it not feel like 2006/7 all over again?



To: TobagoJack who wrote (140904)4/25/2018 8:25:56 AM
From: bull_dozer  Respond to of 218651
 
Gold v Dollar

QUESTION: Hey Martin
You always say that us in Europe better get our money out while we still can.
I know that you recommend bank account in US but that isn’t always so easy.
As some kind of alternative, what do you think about storing some gold in Asia ( Hong Kong, Singapore etc.)

I am no gold bull and I understand that you take the risk of gold still going under 1000 dollars but in the long game you always say that the tangible asset survive.

mainly I like this option because it’s easy to set up, relatively cheap and I don’t have to report it.

If you could find the time to give me the possible down sides in this and that way keep me from doing a big and costly mistake I would really appreciate that.

ANSWER:
..
..
..
..

The first crack in the world monetary system will ONLY be caused by a strong dollar – not a weaker one. First, you get the dollar rally, then you get the dollar collapse. So keep this in mind. If you buy gold and then see a decline, will you panic and sell the bottom, which is typical? That becomes the game.

There are other places to have dollar accounts. But the USA is not part of the reporting system back to Europe. Most other places are. The USA has become the new tax haven for the world – not American unfortunately.


armstrongeconomics.com