How to hedge against falling dollar -- any suggestions?

shrike

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Sat Nov-20-04 03:01 PM
Original message

How to hedge against falling dollar -- any suggestions?

I know this probably has been answered before on DU, but I feel flummoxed by the uncertainty of the nation's financial situation.

Right now I've got my money in non-stock (mortgages, corporate bonds) accounts that have been performing well of late, but I'm wondering -- is there a safer place to put them?

Any thoughts.

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leftyandproud

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Sat Nov-20-04 03:05 PM
Response to Original message

1. gold and SILVER

I personally think silver is the better value right now. You can get around 70 ounces of pure silver for the price of one ounce of gold. I try to find reputable dealers on Ebay (at least 100+ positive feedbacks) and buy from them. Precious metals tend to hold their value over time...When their prices rise, it isn't because they are worth more...it is because dollars are worth LESS.

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nadinbrzezinski

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Sat Nov-20-04 03:05 PM
Response to Original message

2. We sold ALL our gov'ment securities

and went for GOLD.

On an aside my broker was shocked when I said I don't expect them to be paid

I woudl not go that far

Hey Grover Norquist said that was the goal to bankrupt the gov'ment, I am takng him at his word

I hope not too many people are paying that close attention or we will see this market crash... so gold it is

You may want to think investing in Euros, I did not since I expect Bush to close the borders rather than loose all that capital

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truthseeker1

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Sat Nov-20-04 03:08 PM
Response to Reply #2

3. "I hope not too many people are paying that close attention"

well, we know 59 million aren't!

Norquist said that? When? I can't stand that scumbag.

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HereSince1628

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Sat Nov-20-04 03:17 PM
Response to Original message

4. Think export

The administration is thinking in terms of DEATH AND DESTRUCTION as its main export and if you are thinking in terms of 4 years those areas may be worth looking at.

But the softening dollar will make US products look cheaper...My advice is get some handle on shipping. SOMETHING is going to move from the US to China, and SOMETHING is going to move from the US to Europe (personally I think this will be weapons/mil. spec. aircraft).

But, whatever it may be that the world wants, and I haven't a clue what that really is, it is going to be shipped out of here by plane or by ship, and those carriers are going to get paid.

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