5/22 Dollar is fucked. Should I buy or sell Silver? I'm not touching
GLD, it's just unpredictable.
\_ I bought British pounds. Wish me luck.
\_ Don't buy money. Buy stock in a safe company that is sold in
the currency you want to buy.
\_ The problem is that Obama might nationalize it next week and
then give your value to the unions.
\_ Obama might nationalize British companies? He is more
powerful than I ever imagined.
\_ I actually own stock in GSK as well, but it's safer to own
the currency because the company's own fortunes will play
on the stock price.
\_ You deal with short-term instability by purchasing or selling over
time. GLD is still the best hedge against inflation or currency
collapse. Silver can often be found locally, however.
\_ There is an arguement to be made that you should primarily want
to hold the currency that your future obligations are going to be
redeemed with. So unless you are planning on leaving the country,
it is less risky to stock up on dollars. But if you are really
certain that you know which way currency is going to move, why not
just trade the FX markets? Lots of people have lost their shirt
doing this, but this is how Soros made his billions. |
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