Investing, economics, finance and random thoughts.
The Dollar is Crashing!!
What was this stuff I kept hearing last year about the dollar crashing? In December 2009 this talk reached a fevered pitch. Here’s the dollar index over the last year and you can see how much it’s recovered since the dark days of December 2009:
You can track the US Dollar index at this link.
Since this time the Euro has taken a pounding due to the issues with Greece possibly going into sovereign default. This drove the Euro down and the Dollar was the beneficiary. I’m not a dollar bull necessarily, but I post this just to show (yet again) that reacting to news that everyone else already knows is rarely a good way to invest. The markets are random and things we think must happen may not happen for a very long time (if at all).
Best to ignore all of the financial news and just stick to a simple diversified portfolio that can take care of you whether the dollar is sinking or flying.
| Print article | This entry was posted by craigr on February 23, 2010 at 11:27 am, and is filed under Investing. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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about 5 months ago
When I read about a possible “run on the dollar”, I wonder: run to what? The Euro may eventually be a serious challenger to the dollar, but it isn’t yet.
The strength of the dollar is that there’s no alternative. No place to run to.
about 5 months ago
You do realize you inevitably just rang the bell for the top in the dollar?
about 5 months ago
@strav
LOL, I hope you’re right! My euro savings are melting.
about 5 months ago
I heard someone say during the 2008 crash that “The dollar is the best looking corpse in the morgue.”
That pretty much sums things up.
about 5 months ago
^^^^ Yes, of course the dollar won’t reign supreme forever. The question is, will it be dethroned this decade, or this century?
about 5 months ago
Every time the prediction of the demise of the dollar happens next thing you know there is nothing better at this time. Who knows what the future holds.
about 5 months ago
“The strength of the dollar is that there’s no alternative. No place to run to.”
I would run to gold or silver. Another possibility is food, guns, ammo, booze, tobacco, and other tangible goods that you can hold in your hands. Actually those would be at the top of the list. Then if you have anything left over buy some gold or silver.
And of course you really ought to attend an Appleseed Project.
http://appleseedinfo.org/