from themeone
It’s you against the world … at least when it comes to currencies. The dollar’s changing value can be portrayed in a 2005 tale: Had you then put your nest egg in a Canadian bank (regardless of interest rates), a year later your egg would’ve been worth 25% more than in a comparable US bank. If you don’t know, it was because the Canadian dollar (Loonie) gained 25% relative to the US dollar.
(On September 7, 2010 the Bank of Canada was hinting on yet another rate increase, threatening to take the Loonie from $0.95 to the dollar to over par.)
How do you protect your egg when dollars lose value? You can anticipate which of the world’s currencies will increase in value to the dollar and buy those currencies, or simply buy gold or other precious and basic materials.
Gold, silver, oil, titanium,
Leave a Reply