What are some good investments besides gold to get into before the dollar tanks?

Question

How about private security to protect the rich folks? Is there a law that allows Joe six pack to take out SS early in a depression? If we do the Bush SS plan and move it to the stock market can we invest in companies that do most their business overseas or would it be smarter to convert to Euros?

Answer 1

Real estate- the type that earns fair market value rental income...

Guns and ammo for the erupting civil conflict in a worse case scenario...

Does this help any?

Answer 2

Gold is not a good investment. Check the history of gold prices. The price of gold goes up and down with the economy, and it has not shown itself as a hedge against inflation. There have been gold price spikes, but it drops again almost as fast as it goes up.
If anyone tries to tell you precious metals are a hedge against inflation and recession proof probably has gold to sell or is heavily invested in gold and wants to talk the price up.
If you still want to buy gold, go for a precious metals Mutual Fund that also invest in stocks and bonds to mitigate the losses when the market drops.
Your best investment is Mutual Funds. There are thousands of No Load (No charge to buy) domestic and foreign funds out there that consistently beat the stock market and commodity market every year. Google "No Load Mutual Fund".
There isn't any law that allows anyone to draw SSI prior to the age of eligibility, except SS Disability and Survivor Benefits.
History has shown that most people will not invest in, and do not activily manage their savings for retirement. If SSI becomes privatized, nothing will change, the majority of people won't manage their SSI account, and will be broke when they reach retirement age.
A few people, like yourself, who manage their money will benefit, and the investment brokers will reap a windfall never seen before in history, but the majority of the people will be pennyless in their old age.
Since the 1940's US policy has been to pay off the national debt with inflation. That means the US dollar will continue to loose ground against foreign currency. Euros are a good investment during times of high inflation.

Answer 3

this question develop into asked few hours in the past too. It has to do with activity fee cuts and commodity costs. Australian considered necessary financial corporation slashed the fees of activity greater effective than US, Canada, and ecu did, so AU$ will circulate down as human beings heavily isn't making an investment in AU$ ruled treasuries. additionally, Australlian greenback, Canadian greenback, and Russina Ruble distant places funds fluctuations correspond finally with commodity costs. by fact the forecast is bleak, the worldwide does no longer think of there could be lots call for for uncooked fabric for the foreseeable destiny, subsequently those form of currencies are down. yet that still does no longer clarify why very almost each and every substantial distant places funds different than Yen is down against US$. i'm uncertain lots approximately why, yet i think of that has some to do with the way anybody is pulling out their funds from inventory markets around the globe. they are probable paying for Gold now, it rather is denominated in USD. additionally, oil is down, yet oil has an inherent fee too. the inherent fee of oil in a basket of currencies has probable no longer replaced lots, in spite of the undeniable fact that it truly is down now to USD77 per barrel. So USD fee must be at a point to replicate upon the inherent fee of oil and different commodities.

Answer 4

The European economy has been bad for years. I would avoid it. Invest it in something ethanol related! Maybe companies that make large scale commercial stills!