by jmbare
25 replies
  • OFF TOPIC
  • |
What are everyone's thoughts on the current US dollar crisis? Will the US dollar fallout or will it surge back up? How are you protecting yourself against a possible dollar fallout?

Bernake spoke today, QE2 will end as scheduled. I think out dollar is so far gone that it will be impossible to get the status it had 10 years ago. What are your thoughts?
  • Profile picture of the author seasoned
    It didn't have much status 10 years ago, but I STILL feel you're right. 8-( I have only hedged a little, unfortunately.

    Steve
    {{ DiscussionBoard.errors[3784519].message }}
    • Profile picture of the author myob
      Diversify away from the dollar, such as growth stocks in the UK, China, Russia, India, etc, until the dollar snaps back.
      {{ DiscussionBoard.errors[3784716].message }}
      • Profile picture of the author Bill Farnham
        Well, just read all the comments on the other threads about this subject.

        Oh, wait a minute...

        They've all been nuked.

        I wonder why that is. :rolleyes:
        Signature
        {{ DiscussionBoard.errors[3785344].message }}
        • Profile picture of the author myob
          Here's a list of the top 50 threads about this subject:


          1 Nuked

          2 Nuked

          3 Nuked

          4 Nuked

          5 Nuked

          6 Nuked

          7 Nuked

          8 Nuked

          9 Nuked

          10 Nuked

          11 Nuked

          12 Nuked

          13 Nuked

          14 Nuked

          15 Nuked

          16 Nuked

          17 Nuked

          18 Nuked

          19 Nuked

          20 Nuked

          21 Nuked

          22 Nuked

          23 Nuked

          24 Nuked

          25 Nuked

          26 Nuked

          27 Nuked

          28 Nuked

          29 Nuked

          30 Nuked

          31 Nuked

          32 Nuked

          33 Nuked

          34 Nuked

          35 Nuked

          36 Nuked

          37 Nuked

          38 Nuked

          39 Nuked

          40 Nuked

          41 Nuked

          42 Nuked

          43 Nuked

          44 Nuked

          45 Nuked

          46 Nuked

          47 Nuked

          48 Nuked

          49 Nuked

          50 Nuked

          Oh yeah, you're right.
          {{ DiscussionBoard.errors[3785460].message }}
          • Profile picture of the author jmbare
            Originally Posted by Bill Farnham View Post

            Well, just read all the comments on the other threads about this subject.

            Oh, wait a minute...

            They've all been nuked.

            I wonder why that is. :rolleyes:
            Are you referring to the political aspect to the currency crisis? I know we are not supposed to discuss political topics on the thread, so, I hope I'm not breaking any rules. I'm pointing toward more of personal finance and concern for the future of the US dollar. As an IM, I wonder how a dollar fallout would affect what we do.

            Originally Posted by myob View Post

            Here's a list of the top 50 threads about this subject:


            1 Nuked

            2 Nuked

            3 Nuked

            4 Nuked

            5 Nuked

            6 Nuked

            7 Nuked

            8 Nuked

            9 Nuked

            10 Nuked

            11 Nuked

            12 Nuked

            13 Nuked

            14 Nuked

            15 Nuked

            16 Nuked

            17 Nuked

            18 Nuked

            19 Nuked

            20 Nuked

            21 Nuked

            22 Nuked

            23 Nuked

            24 Nuked

            25 Nuked

            26 Nuked

            27 Nuked

            28 Nuked

            29 Nuked

            30 Nuked

            31 Nuked

            32 Nuked

            33 Nuked

            34 Nuked

            35 Nuked

            36 Nuked

            37 Nuked

            38 Nuked

            39 Nuked

            40 Nuked

            41 Nuked

            42 Nuked

            43 Nuked

            44 Nuked

            45 Nuked

            46 Nuked

            47 Nuked

            48 Nuked

            49 Nuked

            50 Nuked

            Oh yeah, you're right.
            Signature

            for all things Bare (site is currently under development)

            {{ DiscussionBoard.errors[3789117].message }}
      • Profile picture of the author jmbare
        Originally Posted by myob View Post

        Diversify away from the dollar, such as growth stocks in the UK, China, Russia, India, etc, until the dollar snaps back.
        I've purchased silver coins right at $37 an ounce, now silver is up to 48.70 as we speak. Do you think the dollar will have a come back?
        Signature

        for all things Bare (site is currently under development)

        {{ DiscussionBoard.errors[3789015].message }}
        • Profile picture of the author myob
          Originally Posted by jmbare View Post

          I've purchased silver coins right at $37 an ounce, now silver is up to 48.70 as we speak. Do you think the dollar will have a come back?
          I made a killing in the stock market over the last four years, and now the profits are being invested overseas until the US stocks come back down again.
          {{ DiscussionBoard.errors[3789914].message }}
        • Profile picture of the author askloz
          i got in at $10

          and gold i got in at around the $500 mark. and im still holding and been compounding like crazy!

          lovin' it

          Originally Posted by jmbare View Post

          I've purchased silver coins right at $37 an ounce, now silver is up to 48.70 as we speak. Do you think the dollar will have a come back?
          Signature
          {{ DiscussionBoard.errors[3790208].message }}
  • Profile picture of the author seasoned
    I would THINK that if we stay away from political whatevers, it is OK. Inflation IS a key part of marketing. This could well be in the MAIN forum!

    Steve
    {{ DiscussionBoard.errors[3789457].message }}
    • Profile picture of the author jmbare
      Originally Posted by seasoned View Post

      I would THINK that if we stay away from political whatevers, it is OK. Inflation IS a key part of marketing. This could well be in the MAIN forum!

      Steve

      Agreed, this could be a future opportunity for some.
      Signature

      for all things Bare (site is currently under development)

      {{ DiscussionBoard.errors[3789872].message }}
  • Profile picture of the author askloz
    the REAL reason why its taking so long to climb back up, is not cos of the war and Oil and what not...

    its cos the REAL value is around 0.02 (not 73-74 cents as they claim at current)... a study was done by a collective of PHd's, (you can watch it on Alex Jones's DVD's), all these statistics are 110% bonafiable...

    The USD is way over leveraged, and everyone is cashing in and investing else where; unless they sort something out in the next 2 years, dont expect the USD$ be the USD$, cos it wont be worth anything like they claim its worth...

    for all you Americans... i HIGHLY suggest that you start buying GOLD and Silver Coins and bullion AND buy the British Pound and EURO...

    invest at least 10% of your funds into this for a rainy day... you'll thank me later.

    Originally Posted by jmbare View Post

    What are everyone's thoughts on the current US dollar crisis? Will the US dollar fallout or will it surge back up? How are you protecting yourself against a possible dollar fallout?

    Bernake spoke today, QE2 will end as scheduled. I think out dollar is so far gone that it will be impossible to get the status it had 10 years ago. What are your thoughts?
    Signature
    {{ DiscussionBoard.errors[3790198].message }}
  • Profile picture of the author kbgold
    "It seems more and more people are waking up to the fact that gold and silver are not only moving up but are also much safer investments currently than any other alternative."

    David Morgan
    Precious Metals Analyst
    Signature
    "He who owns gold, always has money”
    Alan Greenspan Former Chairman - US Federal Reserve


    The new global currency...

    Protect yourself from the global financial crises.
    {{ DiscussionBoard.errors[3834596].message }}
    • Profile picture of the author Bill Farnham
      Originally Posted by kbgold View Post

      "It seems more and more people are waking up to the fact that gold and silver are not only moving up but are also much safer investments currently than any other alternative."
      Well those of us born during the Truman administration also remember what happened to gold and silver in the early eighties when all the talk was about them only going up in value.

      Gold went from $830 to $212 and silver lost 78% of it's value in 4 months.

      It's great to spread propaganda about precious metal values...especially when the folks listening haven't learned jack squat from history.
      Signature
      {{ DiscussionBoard.errors[3838819].message }}
      • Profile picture of the author myob
        LOL! The demand for precious metals has driven mining stocks and the whole industry into the stratosphere, and these stock prices are still rising.
        {{ DiscussionBoard.errors[3838882].message }}
        • Profile picture of the author Bill Farnham
          Originally Posted by myob View Post

          LOL! The demand for precious metals has driven mining stocks and the whole industry into the stratosphere, and these stock prices are still rising.
          Bubbles bubbles, toils and troubles...
          Signature
          {{ DiscussionBoard.errors[3839007].message }}
      • Profile picture of the author seasoned
        Originally Posted by Bill Farnham View Post

        Well those of us born during the Truman administration also remember what happened to gold and silver in the early eighties when all the talk was about them only going up in value.

        Gold went from $830 to $212 and silver lost 78% of it's value in 4 months.

        It's great to spread propaganda about precious metal values...especially when the folks listening haven't learned jack squat from history.
        Just yesterday I told a colllegue about how I bought silver because I was basically LIED to, etc.... The TRUTH was that silver sold for $50 because some stupid billionares tried to corner the market! They FAILED, and silver DROPPED LIKE A STONE! I bought it after the drop thinking it was below its high, but it never ******TRULY****** went higher than that. It was a LONG time before it really climbed again. So WHY did I tell him that? The SAME thing happened last week! SO, when did it start? TWO rumored players got ADVANCED info of all this garbage!

        And Bill... You have a point. In the late 1980s, there was a conspiracy that went to the highest levels of government and "The fed" to bring down the dollar. One JERK said "I think the dollar could drop another 30%". That was only a few days before the market collapsed in 1987. Gee, I wonder why(sarc). He was HIGH up, so it WAS heard by MANY.

        Was that similar to now? Who knows. The low fed funds rate that I credit in part with the 2008 disaster, and certainly with our inability to recover from it now, started as a result of actions taken around 1987. Funny how this stuff is interwoven in history.

        Tim,

        The british pound isn't backed by anything, so I would be surprised if the canadian dollar were. APPARENTLY, since about 8/4/1914, canada was OFF the gold standard! ALSO, obviously, MEXICO isn't on the gold standard EITHER! MOST of europe isn't EITHER! Japan isn't!

        Steve
        {{ DiscussionBoard.errors[3839137].message }}
        • Profile picture of the author askloz
          Originally Posted by seasoned View Post

          Just yesterday I told a colllegue about how I bought silver because I was basically LIED to, etc.... The TRUTH was that silver sold for $50 because some stupid billionares tried to corner the market! They FAILED, and silver DROPPED LIKE A STONE!

          shame, if you got the trend line tool out you could of taken the break of it.. and aim for the TRL area (Trend Reactionary Level), ie, 24% and 42% levels.



          Silver....



          Originally Posted by seasoned View Post


          The british pound isn't backed by anything, so I would be surprised if the canadian dollar were. APPARENTLY, since about 8/4/1914, canada was OFF the gold standard! ALSO, obviously, MEXICO isn't on the gold standard EITHER! MOST of europe isn't EITHER! Japan isn't!

          Steve
          Steve,

          GBP is one of the strongest currencies out there, it creates quite a fair bit of its own goods. We were one of the strongest import / export's way back in the day before China took over.

          happy trading

          Loz
          Signature
          {{ DiscussionBoard.errors[3839220].message }}
  • Profile picture of the author Tim_Carter
    Part of the problem is that the US dollar is backed by faith, not by precious metals or commodities or....

    The Canadian $ is backed by commodities - thus the surge. This hurts me - I don't like it. I have lost a fortune in exchange in the last year compared to previous years.
    {{ DiscussionBoard.errors[3838558].message }}
  • Profile picture of the author RedMatrix
    I agree with myob but will side with Silver and Gold any day as a two part policy. (hedge against inflation, and preservation of wealth)

    The big drop we had this week is actually a good thing.
    Signature

    ~Dave

    {{ DiscussionBoard.errors[3838938].message }}
  • Profile picture of the author seasoned
    I don't know what you are trying to say, that is a couple decades after the time I was talking about, and like a month before. As for GBP, I was talking about ABSOLUTE value! YOU are talking about relative. The difference? The ARTIFICIALLY LOW US value in the 1930s was about $35 THEN, and that was the lowest in recent history! The REAL value of some now is ZERO! One of the players in the recent silver drop once did the SAME with the BRITISH POUND! So you may BELIEVE that your currency is SAFE but the proven FACT is that it ISN'T!

    HERE is what WIKIPEDIA says about it:

    He became known as "the Man Who Broke the Bank of England" after he made a reported $1 billion during the 1992 Black Wednesday UK currency crises.[4][5] Soros correctly speculated that the British government would have to devalue the pound sterling.[6]
    That said, of course, I was trying to see this on oandas graphs. There was a bit of a drop at that time, relative to gold, but I didn't see as much of a move as I expected. The euro, GBP, and swiss franc seem to be roughly about the same change in relative value, as of about august 2007. The dollar apparently started breaking out around november 2007. It crossed the swiss franc line September 2010. To mirror the behaviour of the other currencies, Gold would be about 1125 on 4/11/2011. It was almost 1477! So it is almost 24% lower than it should be! That's SCARY! ALL currencies are affected, but the dollar is being affected more than any other.

    Steve
    {{ DiscussionBoard.errors[3840072].message }}
  • Profile picture of the author askloz
    There's a difference, the GBP is NOT being manipulated like the USD is.. its not worth 73-75 cents, actual value is around 2 cents. There's a documentary out there that Alex Jones was a part of and there were some other documentaries that were referred to watch in the end credits... Phd Physic scientists, all the top brains in that regard ripped apart all of data going back as far as they could go, decades, crunched the numbers and the monetary value of the USD was 2 cents.

    Ever since USD stopped being backed by Gold, it virtually crashed the USD...

    One of the many reasons why you see China almost owning about 70% of America right now. They're buying all the American's bad Debt... and bailing out all the corrupt... China don't care what the USA does. they're banking on the USA Government to keep up this charade...


    The fed reserve are sucking EVERY American dry, do you see the Fed Reserve paying tax on the interest they are getting from the tax Payers money when the Gov' keep over spending and asking for more money to pay for their stupid war crimes,etc?

    If they were, you'd see the national debt in the black, not the red.

    so no, they don't pay anything, or not as much as they should... Hey, 30% of 400 Trillion is what? $120,000,000,000,000 ($120T)...

    what's the national debt in USA right now?
    Approx 14.4 trillion. Do the math... something is not right.
    U.S. National Debt Clock : Real Time
    Signature
    {{ DiscussionBoard.errors[3840370].message }}
    • Profile picture of the author seasoned
      Originally Posted by askloz View Post

      There's a difference, the GBP is NOT being manipulated like the USD is.. its not worth 73-75 cents, actual value is around 2 cents. ...
      OH, I agree with MOST of what you said. BUT, based on some things I have heard, I feel the CURRENT value of the US dollar is REALLY about .00003 cents! I mean a penny used to buy a lot from what I understand! That is comparing it against the 1700s. EVEN comparing candy to the 1930s, you figure the current dollar, as it stands NOW is worth maybe 4 cents! The same standard against the late 70s places it at maybe 25 cents. comparing drinks against the 90s, you figure it is maybe 30 cents. HECK, if I compare my costs, it is worth about 75 cents compared to 2007. INTERESTING! The dollar is currently out of whack with other currencies I compared, such that the dollar is worth about 76 cents! And YEAH, I admitted even in my last post, and just restated here, that the dollar is worst of all, but the GBP IS affected and HAS been artificially supported. That is all I am saying.

      And DON'T think inflation is stopping. Look at gas, a LARGE food company, the worlds largest retailer, etc... AlL say more is on its way.

      BTW the increasing value is a BAD sign! The current currency is closer to 10 years ago than 20 simply because inflation occured 10 years ago also.

      NOBODY is saying the dollar is stable or the best. In fact, I just stated it is LESS stable than, and inferior to, those I checked above.

      Steve
      {{ DiscussionBoard.errors[3841856].message }}
      • Profile picture of the author askloz
        Originally Posted by seasoned View Post

        I feel the CURRENT value of the US dollar is REALLY about .00003 cents!
        You know what Steve, it probably is, it probably is.
        When I got wind of its worth (2 cents) was about 8 years ago. Things have got worse since.

        Originally Posted by seasoned View Post

        I admitted even in my last post, and just restated here, that the dollar is worst of all, but the GBP IS affected and HAS been artificially supported. That is all I am saying.
        I agree, however, GBP are slowly moving away from USD, and heading towards investing in EUR$ instead, it'll take a while before things start to take shape.

        USA will start to invest in EUR$ too, which will make EUR and GBP even stronger.

        Originally Posted by seasoned View Post

        And DON'T think inflation is stopping. Look at gas, a LARGE food company, the worlds largest retailer, etc... AlL say more is on its way.
        I know, sick it isn't it


        Anyways, I think we're on the same page Steve

        All the best

        Loz
        Signature
        {{ DiscussionBoard.errors[3842590].message }}
  • Profile picture of the author kbgold


    The fact is, the gold industry needs to replace almost 100 million ounces of reserves per year. Clearly, this has not been happening. This means a supply/demand squeeze is building up -- one that could result in an explosive move higher for gold!

    Gold Is THE Investment For The Last Five Years ... And The Next FIVE Years

    Take a look at this next chart, which shows the five-year performance of gold, the AMEX Gold Bugs Index (a basket of gold miners), the S&P 500, and the U.S. dollar.

    Over a five-year period, gold is up an astonishing 129.5 percent. The gold miners aren't doing bad either -- up more than 70 percent! But stocks and the dollar? Down, down, down.



    The Day the Dollar Died: YouTube - kbgoldwealth's Channel
    Signature
    "He who owns gold, always has money”
    Alan Greenspan Former Chairman - US Federal Reserve


    The new global currency...

    Protect yourself from the global financial crises.
    {{ DiscussionBoard.errors[3841337].message }}
  • Profile picture of the author seasoned
    KBGOLD,

    You can't use the past experience to determine NEED. It doesn't work that way. People are poorer, so they buy less gold for jewelry, etc.... The electronics industry cut back on gold DECADES ago. With less of THAT being bought, it will be even LOWER!

    That certainly won't be too noticable with people buying it to hedge, and electronics wasn't as prevalent decades ago, but it WILL cut needs. BTW regarding the electronics industry, they USED to, for example, have MANY higher end ICs, board contacts, sockets, with at least gold plating. If you have looked at any of those in the last few decades, you will note that often ISN'T the case now! They EVEN tried to get rid of copper in the 70s. THAT was such a disaster that they reverted back soon afterwards. Aluminum is just NOT a good conductor. But they have mostly decided they can live without most gold.

    So Gold USED to be jewelry and hedge. THEN it started moving away from jewelry and into electronics, and used less as a hedge. NOW it is moving more away from jewelry and electronics, and into a hedge. And NO, I am not suggesting that gold will disappear from electronics or jewelry. It is still the most workable metal that doesn't corrode, and is the most stably conductive material. And it STILL looks nice. But many metals are now made to replace it and/or look like it, and methods are used to reduce its use in jewelry. In electronics, some things that were ALWAYS covered in gold now often aren't. Mechanically, Gold is the LAST thing you want to use. Jewelry, Electronics, some chemical, and its use as a hedge because of that seem to be about the only uses.

    Heck, around the 1980s, platinum at one point fell a bit, and paladium went up, because there was a rumor that someone found a way to make catalytic converters from paladium, with no platinum.

    Steve
    {{ DiscussionBoard.errors[3841977].message }}

Trending Topics