Stable investments - gold, foreign currency, etc.

[Armueller2001]

Well is anyone else thinking that the dollar may collapse in the short-term and become worthless pieces of green paper?

Does anyone here invest in gold or have money in foreign banks?

[iamlowsound]

I doubt that the American Dollar will collapse, will it become more devalued? Yes, but that wont mean much of a change in day to day life. As long as you aren't importing a lot of stuff.

lowsound

[bwv1013]

with things being slow i'm actually thinking of investing in more basses. slow sales = good prices. at least that's what i'm hoping for...

[GregC]

1. The dollar actually has rebounded against some of the major currencies lately, after falling pretty hard the previous couple of years. Don't know what happens from here, but I don't see a serious collapse unless we go into a depression (which I don't see, either).

2. Gold is a "stable" investment like Amy Winehouse is sober. Attached is a price chart for the XAU, major gold/silver index since 1984.

[Armueller2001]

Originally Posted by GregC

2. Gold is a "stable" investment like Amy Winehouse is sober. Attached is a price chart for the XAU, major gold/silver index since 1984.

True, gold isn't totally stable, but it at least retains some value, unlike little pieces of green paper that aren't backed by anything. Foreign currency such as British pounds seems like a better investment than gold though.

[EliasR]

Diamonds are forever.

[GregC]

Originally Posted by Armueller2001

True, gold isn't totally stable, but it at least retains some value, unlike little pieces of green paper that aren't backed by anything. Foreign currency such as British pounds seems like a better investment than gold though.

Eh, gold only retains as much value as people place on it--just like the dollar. And its price is really volatile as that of stocks, with a lower historical return. As far as the pound, who knows? European banks could end up looking worse than US banks--they have to deal with their own bad mortgages/housing markets, and they own some of ours, too.

[Johnny Crab]

Right now every country appears to be printing cute paper(monopoly money) and keying in zeroes and ones as fast as they can. Worst case is a hyperinflationary depression. Everytime more $$$ dump into the system, the one in your pocket or bank account goes down in value slightly in purchasing power.

It is entertaining watching EU as I'm sure they are amused and sickened watching the US.

Originally Posted by Armueller2001

Well is anyone else thinking that the dollar may collapse in the short-term and become worthless pieces of green paper?
Does anyone here invest in gold or have money in foreign banks?

Answer to your first question: Yes, it is possible. If this happens(collapse of the dollar), NSPD 51(http://www.whitehouse.gov/news/relea...070509-12.html) will "go public" due to an "economic emergency". Read the PD. It is quite clear.
Question two: Food, defense, water or means to purify it, safe place to live, etc. are good investments. If you want to have possible investments(in case ALL paper goes hyper or into the toilet), read the link below AFTER you've done the above. Mr. Sanders is a good man, I've done business with him as you may wish to.
http://the-moneychanger.com/commandments.phtml

I would avoid foreign banks and try having your "investments" close(i.e. in a safe in your home, safety deposit box, etc.) so you do not find yourself cutoff from access to your investments like the UK was to Icelands banks. We ARE seeing financial warfare between countries right now, some is real and some appears staged(IMO).

It is your life, your future.
Research and research some more.
IF you compare gold and silver to paper, make SURE the paper(dollars or whatever currency) is ADJUSTED FOR INFLATION so you get a true picture of which holds value thru unstable times.
http://www.youtube.com/watch?v=z6NfXk7Bvc8