Quote:
Originally Posted by RegUser
has anyone bought gold ???
what do you think?
wont it at least negate the downfall?
|
Don't have gold RU, but sure, it would offer a hedge against a downturn if purchased at the right time. Gold is at a fairly high rate at the moment and looks like other folks have already got in there.
It's prob just as easy to invest in other markets/countries outside the problem sphere. In practice, they are taking your currency and converting it to whatever market currency and investing it - that is the start of a block on a depreciating currency. Most areas are stable and produce reasonable returns and some investments are ...well, never seen anything like that in my biz life. It's not all bad news man - there are plenty areas of opportunity for solid growth.
Also consider, tho oil may be hitting $100ish, that does not mean other countries are paying $100 - they are paying $100 in their own currency and have a currency gain because of the lower dollar. Example.. if the UK buys, they are really paying 49 GBP etc and the impact is not so much, so any area with a strongish currency should be fine for investment (all other things being equal
)