Where we are right now, there is no rule book. It is entirely possible that more companies will collapse (financial and non-financial), unemployment can spike into double digits and that a flood of money into the system, in an effort to re-kindle a constipated financial system, may spark major inflation, the like we've not seen in 25 years. This inflationary rise - too many US dollars - will reduce the value of the US currency. What can you do now to protect yourself and your investments?
1) Move into non-US dollar investments. Choices: the UK Pound, the Japanese Yen and the EU Euro. The Euro is fast becoming a go-to currency
2) Convert your currency in gold bullion. Gold has long been a hedge against inflation. And with so much uncertainty in fiat currency, it's not a bad place to be.
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