Dollar falls to a three years low.

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[blackangst1]

Originally posted by: jpeyton

Originally posted by: blackangst1
Maybe most people you know cant, but most people in the US *can*

If they can't afford $25/month to pay down their debt, how are they going to afford $25/month to invest?

Who says they cant?

 

[miketheidiot]

god i hate economics threads on p&n

 

[nullzero]

Originally posted by: Modelworks

Originally posted by: blackangst1

Originally posted by: jpeyton
Time to invest in Euro-backed companies. Any gains would be two-fold: gains based on company performance, and gains based on the devaluation of the dollar.

Hell, even if you stuffed 10,000 Euro under your mattress today, you'll gain 30% in 2-3 years when the Euro finally hits the 2-for-1 mark against the USD.

Yet another person who doesnt understand buying low and selling high.

You keep saying that, but how do you buy low when you are flat broke ?
Sure its a great time for the rich, they can buy stocks cheaper, but it screws those who are losing their homes.

For those with little money stock up on rice, wheat, and other grains.... they last pratically forever if stored correctly. Its the best way for the poor and those with little savings to hedge against a falling dollar and rampid inflation. For those that say buy euros I believe we are having a worldwide pricing issue with all paper currencies for natural resources.

I would recommend anyone with money to invest to diversify in agriculture commodities and precious metals to hedge against a falling dollar and worldwide inflation problems. There is to much fiat money circulating the globe and I believe we will have a panic and loss of faith in many paper currencies in the near future including the USD. I am split between GLD, DBA, GDX, and SLV in my porfolio and have been making a killing the last 12 months.