nobody 2,040 Posted January 28, 2009 So, I'm looking at all the money the Fed is printing up and all I keep thinking is runaway inflation. First question: Do you think the dollar is going to lose substantial value soon? Let's define substantial value as 50% and soon as 2 years. Second question: What is a good way to protect oneself from such a beast? Would gold ETFs like GLD and IAU be effective or do you actually want to have actually precious metals buried in your backyard? Also, let's assume the dollar completely collapses. How do you protect yourself from that? Real Estate? Foreign stock? Precious metals? All of the above? I don't want ot be in some gold ETF and then have it go out of business because the dollar lost 99% of it's value and even though I did the right thing, the company running my ETF went bankrupt because it couldn't get credit to support it's operating expenses or something crazy like that. Share this post Link to post Share on other sites
Ravens 03 0 Posted January 28, 2009 I'll guess for him - Don't buy RE. HTH Share this post Link to post Share on other sites
RLLD 3,455 Posted January 28, 2009 So, I'm looking at all the money the Fed is printing up and all I keep thinking is runaway inflation. First question: Do you think the dollar is going to lose substantial value soon? Let's define substantial value as 50% and soon as 2 years. I think the dollar will continue to lose value in the coming years, just how much remains to be seen because we cannot know how far the Fed will go, or when all those dollars we have been exporting will come home to roost. I think the only way we see a 30%+ loss is if the government fully nationalizes banks, the dollar stops being the backing currency for trade, or China and Japan start selling off their dollars( or perhaps buying up all our stuff with them). Regardless, the inevitability of our future is a steadily declining currency with the potential for hyperinflation long term. Second question: What is a good way to protect oneself from such a beast? Would gold ETFs like GLD and IAU be effective or do you actually want to have actually precious metals buried in your backyard? Metals will remain a strong hedge against a declining currency, but will have bubble/bust times, and as such their price might make them a poor investment for stretches of time. The government actually forbids the populace from holding gold in anything other than jewelry-type stuff, you are actually forbidden by law from holding like an ingot in a safe somewhere.....it was pivotal to do this in order to arrive at our fiat currency Also, let's assume the dollar completely collapses. How do you protect yourself from that? Real Estate? Foreign stock? Precious metals? All of the above? I don't want ot be in some gold ETF and then have it go out of business because the dollar lost 99% of it's value and even though I did the right thing, the company running my ETF went bankrupt because it couldn't get credit to support it's operating expenses or something crazy like that. IMHO.......the best protection you can pursue is to invest in either the Euro, Yuan, or even the Real.....once the dollar starts to falter, all the purchasing power will exist in foreign currency; if the Euro becomes the backing for trade, THAT would be the one in which to invest, because it has the best potential for actually doing it, and then the Chinese move their peg from the dollar to the Euro....and then we are quite literally focked....I am coming to believe that this is less of "if" so much as "when"..... Share this post Link to post Share on other sites
Djgb13 2,338 Posted April 30, 2017 Update Thomasina pulled a CH Share this post Link to post Share on other sites
Cdub100 3,380 Posted April 30, 2017 Jesus Christ!!!! WOW I sure hope nobody took this advice. Everything RLLD said turned out to be bad advice. And I don't just mean the Euro vs the dollar, but literally every single thing! Share this post Link to post Share on other sites
penultimatestraw 473 Posted April 30, 2017 Jesus Christ!!!! WOW I sure hope nobody took this advice. Everything RLLD said turned out to be bad advice. And I don't just mean the Euro vs the dollar, but literally every single thing! Oh it's coming. We just haven't waited long enough Share this post Link to post Share on other sites
tanatastic 2,061 Posted April 30, 2017 Jesus Christ!!!! WOW I sure hope nobody took this advice. Everything RLLD said turned out to be bad advice. And I don't just mean the Euro vs the dollar, but literally every single thing! It's cuz he's a clowney pontificating idiot. Share this post Link to post Share on other sites
Djgb13 2,338 Posted April 30, 2017 It's cuz he's a clowney pontificating idiot. Who ends up googling words to try and make himself sound smart when in fact he has never heard of those words much less used them in a sentence before posting them Share this post Link to post Share on other sites
NorthernVike 2,080 Posted April 30, 2017 Who ends up googling words to try and make himself sound smart when in fact he has never heard of those words much less used them in a sentence before posting them You. Share this post Link to post Share on other sites
Djgb13 2,338 Posted April 30, 2017 You.Wrong, snowflake And you completely misunderstand the sentence structure and how it related to the person I was quoting. Try again sport Share this post Link to post Share on other sites
penultimatestraw 473 Posted April 30, 2017 Who ends up googling words to try and make himself sound smart when in fact he has never heard of those words much less used them in a sentence before posting them Speaking of feigned education, how's the PA school application process going? Share this post Link to post Share on other sites
Djgb13 2,338 Posted April 30, 2017 Speaking of feigned education, how's the PA school application process going? Pot meet kettle. And not that it's any of your business but getting ready to send in applications this week. Why so nosey there captain buzzkill? No floors to clean at the hospital tonight? Share this post Link to post Share on other sites
penultimatestraw 473 Posted April 30, 2017 Pot meet kettle. And not that it's any of your business but getting ready to send in applications this week. Why so nosey there captain buzzkill? No floors to clean at the hospital tonight? Not sure what you mean by the pot/kettle comment, but I was just curious based on your recent posts. It seems like you are already functioning like a PA, so what is the advantage of pursuing the training? Monetary? Share this post Link to post Share on other sites
Djgb13 2,338 Posted April 30, 2017 Not sure what you mean by the pot/kettle comment, but I was just curious based on your recent posts. It seems like you are already functioning like a PA, so what is the advantage of pursuing the training? Monetary? Yep. That and licensure cause there's still stuff I can't do. Plus I don't want to see stuffy noses and sore throats all the time and not be getting paid what a PA makes Share this post Link to post Share on other sites
penultimatestraw 473 Posted April 30, 2017 Yep. That and licensure cause there's still stuff I can't do. Plus I don't want to see stuffy noses and sore throats all the time and not be getting paid what a PA makes What kind of stuff? Minor procedures? Share this post Link to post Share on other sites
Djgb13 2,338 Posted April 30, 2017 What kind of stuff? Minor procedures? Minor procedures. Being able to actually do the job and not just follow protocol, see more than stuffy noses and sore throats, own my own place, etc. Share this post Link to post Share on other sites
Alias Detective 1,179 Posted April 30, 2017 Djgby13 has really changed his style. Very, very Henry Hill like. Share this post Link to post Share on other sites
Djgb13 2,338 Posted April 30, 2017 Djgby13 has really changed his style. Very, very Henry Hill like. Style? As in what? And you are by the way? Share this post Link to post Share on other sites
edjr 5,564 Posted May 1, 2017 RIP RLLD His family found him hanging in the garage after the Patriots came back to beat the Falcons. Sad Share this post Link to post Share on other sites
DankNuggs 305 Posted May 1, 2017 I think the dollar will continue to lose value in the coming years, just how much remains to be seen because we cannot know how far the Fed will go, or when all those dollars we have been exporting will come home to roost. I think the only way we see a 30%+ loss is if the government fully nationalizes banks, the dollar stops being the backing currency for trade, or China and Japan start selling off their dollars( or perhaps buying up all our stuff with them). Regardless, the inevitability of our future is a steadily declining currency with the potential for hyperinflation long term. Metals will remain a strong hedge against a declining currency, but will have bubble/bust times, and as such their price might make them a poor investment for stretches of time. The government actually forbids the populace from holding gold in anything other than jewelry-type stuff, you are actually forbidden by law from holding like an ingot in a safe somewhere.....it was pivotal to do this in order to arrive at our fiat currency IMHO.......the best protection you can pursue is to invest in either the Euro, Yuan, or even the Real.....once the dollar starts to falter, all the purchasing power will exist in foreign currency; if the Euro becomes the backing for trade, THAT would be the one in which to invest, because it has the best potential for actually doing it, and then the Chinese move their peg from the dollar to the Euro....and then we are quite literally focked....I am coming to believe that this is less of "if" so much as "when"..... http://www.fftodayforums.com/forum/public/style_emoticons/#EMO_DIR#/dry.gif There is no safe haven. If the dollar plummets it will take the euro yuan and everything else with it. Share this post Link to post Share on other sites
Alias Detective 1,179 Posted May 2, 2017 If the dollar plummets it will take the euro yuan and everything else with it. If my aunt had balls she'd be my uncle.........well maybe. Share this post Link to post Share on other sites
