What is a good stable currency?

[Schadenfroh]

I am getting worried about the stability of the US dollar, due to the rising national debt, excessive government spending, bonds, etc. What currency is considered stable in today's economy, IE Euro?

 

[MrChad]

Are you serious? You're worried about the stability of the US dollar?

 

[royaldank]

There's better opitions for investing than just buying a bunch of Euros (or whatever you choose) and sitting on those.

 

[Quixfire]

Gold, Silver, or Weapon Grade Plutonium?

 

[A5]

If the US dolllar collapses, the world economy will go into a major recession if not depression, making any currency you buy in that situation equally worthless. For the major powers, independent national economies are dead; if any of them go down, the others are going with it.

 

[dartworth]

Originally posted by: MrChad
Are you serious? You're worried about the stability of the US dollar?

 

[FoBoT]

if you are that paranoid, buy some gold. but you have a 99% chance of not making any money with your gold investment

 

[frankie38]

falling dollar is not bad or good. US lets dollar rise and fall to deal with certain economic issues at the time.

if you want to benefit from falling dollar consider the follwing:

1) buy gold stocks
2) buy international stocks
3) buy large US multi national companies that have large portion of their earnings from overseas, ie Citigroup.

 

[frankie38]

gold has appreciated . check your facts

 

[shiner]

I put the majority of my money into Gold late last year...paying off nicely!!!

 

[FoBoT]

Originally posted by: frankie38
gold has appreciated . check your facts

not long term. equities have always beat gold over the long haul
you have to chose a small select time period to say that gold is a good investment

 

[shiner]

Originally posted by: FoBoT

Originally posted by: frankie38
gold has appreciated . check your facts

not long term. equities have always beat gold over the long haul
you have to chose a small select time period to say that gold is a good investment

Yep...I had one of those feelings about gold last year...moved quite a bit of my $ over there and so far it is doing verrrrrry nicely. Not a long term thing...but if you hit it right it will always be a nice short term investment.

 

[frankie38]

yes you are right.. why dont you chart dollar decline vs gold rise you will see nice inverse relationship over that time period over the last 3-6 months

 

[Tazanator]

well personnally I'd convert to ammo, if the dollar rolls over dead the whole world is going to plumit so you might be able to barter with gold but I can kill all the food I need and get your gold with my surplus food

(hunter math $24 lic. + $2 bullet = 200 lbs of meat ( you figure how much gold you'd give me for a lb....)

 

[MattCo]

Originally posted by: frankie38
yes you are right.. why dont you chart dollar decline vs gold rise you will see nice inverse relationship over that time period over the last 3-6 months

3 to 6 months? What do you consider long term???

-MC

 

[MartyMcFly3]

Horse Manure.

Get it? Stable currency.

 

[frankie38]

OP did not mention any timeframe. 3-6 months is def short term. Lets use irs def of lt. 1yr+ ok.