How far will it drop, and how soon?
2007-08-16 15:36:42 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
It already IS!
China has the US dollar by the short hairs because they have been buying our debt.
The OPEC nations want out of the "petro dollar" deal... right now, the only thing backing our currency is foreign oil. That is one reason why Bush went after Saddam Hussein, and why he wants to go after Chavez and Iran... they want Euros in exchange for their oil.
All of the investment newsletters I get have turned into outright goldbugs.
I hope you are buying silver to use for trading purposes after the dollar collapses.
2007-08-16 15:48:37 · answer #1 · answered by revsuzanne 7 · 0⤊ 0⤋
I heard today on CNN that in a few years, the dollar will fall to 50% spending power. Investors are, as we speak, diverting their investments in China and other overseas markets where the currency is gaining.
Makes you feel good people still have faith in America, huh???
2007-08-16 22:40:18 · answer #2 · answered by Lisa 6 · 0⤊ 0⤋
No body will know if there is still a war between U.S and Iran.
Why not do some other investment in the Asia and the returns are good . If you are interested please call me at 97828821.
2007-08-24 01:22:02 · answer #3 · answered by Goh C 1 · 0⤊ 0⤋
good question. It'll be ahwile if never.
2007-08-16 22:40:37 · answer #4 · answered by Anonymous · 0⤊ 1⤋