In light of the US investment banking meltdown, is it time to move your investments and assets into gold and convert your currency into Euros?
Is the US Dollar safe? There are many indicators that say: NO.
=Growing budget deficits
=Growing consumer debt
=Growing balance of trade deficit
=Countries switching to the Euro to settle oil transactions
=The sub-prime mortgage debacle - property prices have yet to stablize
=A meltdown in the investment banking sector and the bail out of Fannie Mae and Freddie Mac
=A war in Iraq (and elsewhere) with no end in sight
=The US Federal reserve keeps printing money to pay for it all - this will cause inflation - too many under valued US dollars will dilute the currency
Anything good coming out of the US?
Oh....and the Arctic icecap is melting much faster than expected. Greenland is soon to be green again.
Do you sit tight or get out? Do you buy low - equities and real estate - or do you wait for it to drop lower?
Where there is turmoil and uncertainty there is opportunity.
I am interested in your ideas, insight and perspective.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment