2007-04-30 05:05:29 · 4 answers · asked by Kaliyug Ka Plato 3 in Social Science ➔ Economics
It already did crash, pretty much. What you are advocating is sell low, buy high. That makes no sense. As soon as this administration leaves with its reckless spending and debt creation, you will see some better valuation of the dollar in comparison to other monetary units. This is why the Europeans are rushing over here right now to vacation in the US. What you advocate is similar to rushing over there to buy things with the current weak dollar.
2007-04-30 06:48:44 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Dollar may be going down, but it is likely to bring the euro with it. This is a very bad time to buy pounds as that currency is at an all time high with respect to the dollar. Beware of trying to hedge your savings with foreign currency or commodity trading if your net worth is under $10M.... you most likely will go broke trying to reduce your risk. Best bet is a diversified portfolio of solid equities or an index 500 mutual fund.
2007-04-30 14:28:56 · answer #2 · answered by squeezie_1999 7 · 0⤊ 1⤋
Normally it is advisable to keep savings fixed in different currencies for short terms.
2007-04-30 12:17:04 · answer #3 · answered by Krishna D 2 · 0⤊ 0⤋
dollar is going to stay.
2007-04-30 12:26:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋