Comments on: What happens if the US dollar falls? http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Chris http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-19963 Chris Mon, 23 Nov 2009 22:46:07 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-19963 Some good points there. As a history buff, i find it interesting that nations repeat many of the same mistakes even when done recently,( Russia in Afghanistan 1980-1990)and they were sent home poorer with their tail between their legs. In these times I think its important to watch carefully what's happening in the world, not just in our backyards and adjust our our investments and spending accordingly and even what job to hold or switch to. As a tradesman, I find my work can't be outsourced and even with competition from illegals, giving good service and top quality workmanship serves me well. Regardless of the economy there are always people with money and people making it one way or another. Some good points there. As a history buff, i find it interesting that nations repeat many of the same mistakes even when done recently,( Russia in Afghanistan 1980-1990)and they were sent home poorer with their tail between their legs.
In these times I think its important to watch carefully what’s happening in the world, not just in our backyards and adjust our our investments and spending accordingly and even what job to hold or switch to. As a tradesman, I find my work can’t be outsourced and even with competition from illegals, giving good service and top quality workmanship serves me well. Regardless of the economy there are always people with money and people making it one way or another.

]]> By: A Week in Review: Edition #6 | My Findependence Day http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-18598 A Week in Review: Edition #6 | My Findependence Day Mon, 13 Apr 2009 12:18:22 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-18598 [...] - Thicken My Wallet looks at what would happen if the American dollar [...] [...] – Thicken My Wallet looks at what would happen if the American dollar [...]

]]> By: Friday Links | The Canadian Finance Blog http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-18583 Friday Links | The Canadian Finance Blog Fri, 10 Apr 2009 10:07:08 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-18583 [...] Thicken My Wallet gives us some insight on what will happen if the US dollar falls. [...] [...] Thicken My Wallet gives us some insight on what will happen if the US dollar falls. [...]

]]> By: Canadian Finance http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-18566 Canadian Finance Wed, 08 Apr 2009 03:21:30 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-18566 I'm actually rather surprised that the US dollar hasn't fallen much yet. I think it will happen eventually, and mortgage rates will rise. I just signed a 5yr fixed for 4.05%, I'm sure in 2-4 years I'll be happy I did! I’m actually rather surprised that the US dollar hasn’t fallen much yet. I think it will happen eventually, and mortgage rates will rise. I just signed a 5yr fixed for 4.05%, I’m sure in 2-4 years I’ll be happy I did!

]]> By: Lance http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-18565 Lance Wed, 08 Apr 2009 01:02:50 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-18565 Gold's strongest asset is that it is the most sought after as a store of wealth. It has some attributes that make it a good candidate for this role: limited new supply available, doesn't tarnish/rust, has a high value/weight ratio, etc. In some respects, silver is a better choice because of its industrial uses, but you have to store a lot more silver than you do gold to hold the same amount of value. An item often overlooked as a wise inflation hedge for the coming storm is oil... especially if you are a peak oil believer. Oil is a commodity that all nations desire greatly, cannot easily switch away from, has ever an increasing demand with limited and declining supply. This is a recipe for a possible oil crisis like none we have seen before... it may make $145 oil look like a bargain. And given that oil is used in virtually every manufacturing operation as an energy source and/or a primary input, higher oil prices create more inflation which thus drives up the price of oil even more. Forget gold, my money's on oil as the investment place to be over the next 5 years. Gold’s strongest asset is that it is the most sought after as a store of wealth. It has some attributes that make it a good candidate for this role: limited new supply available, doesn’t tarnish/rust, has a high value/weight ratio, etc. In some respects, silver is a better choice because of its industrial uses, but you have to store a lot more silver than you do gold to hold the same amount of value.
An item often overlooked as a wise inflation hedge for the coming storm is oil… especially if you are a peak oil believer. Oil is a commodity that all nations desire greatly, cannot easily switch away from, has ever an increasing demand with limited and declining supply. This is a recipe for a possible oil crisis like none we have seen before… it may make $145 oil look like a bargain. And given that oil is used in virtually every manufacturing operation as an energy source and/or a primary input, higher oil prices create more inflation which thus drives up the price of oil even more.

Forget gold, my money’s on oil as the investment place to be over the next 5 years.

]]> By: admin http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-18563 admin Tue, 07 Apr 2009 20:55:19 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-18563 Geoff- there's a real push/pull with gold for me; a great inflation hedge but is there any intrinsic value to it? I tend to look at it for safety even though there may or may not be real value in the asset itself. At least with copper, you can use it for telco. Silver has industrial applications etc. etc. Geoff- there’s a real push/pull with gold for me; a great inflation hedge but is there any intrinsic value to it? I tend to look at it for safety even though there may or may not be real value in the asset itself. At least with copper, you can use it for telco. Silver has industrial applications etc. etc.

]]> By: Geoff http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-18562 Geoff Tue, 07 Apr 2009 18:26:46 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-18562 I think there is a shift toward real assets. For instance: 1) All over the world, mints can't handle the demand for gold coins. 2) Most people are not buying gold. 3) Over the long haul, gold prices have preceded commodity prices 4) Gold was the best investment choice for 2008 5) Gold is below its inflation-adjusted high. 6) Unlike its paper-based counterpart, physical gold is no one's liability. 7) Ascendant governments such as China are buying more gold. 8) All the nations of the world are debasing their currencies by printing more of it. We can't print more gold, wheat, or sugar, etc.. I think there is a shift toward real assets. For instance:

1) All over the world, mints can’t handle the demand for gold coins.
2) Most people are not buying gold.
3) Over the long haul, gold prices have preceded commodity prices
4) Gold was the best investment choice for 2008
5) Gold is below its inflation-adjusted high.
6) Unlike its paper-based counterpart, physical gold is no one’s liability.
7) Ascendant governments such as China are buying more gold.
8) All the nations of the world are debasing their currencies by printing more of it. We can’t print more gold, wheat, or sugar, etc..

]]> By: Million Dollar Journey http://www.thickenmywallet.com/blog/wp/2009/04/07/what-happens-if-the-us-dollar-falls/comment-page-1/#comment-18560 Million Dollar Journey Tue, 07 Apr 2009 11:01:29 +0000 http://www.thickenmywallet.com/blog/wp/?p=874#comment-18560 Hey TWM, great article and thanks for the link. I think that your argument is spot on. With the recent market rally, I have been tempted to sell off some of my commodity shares. However, with inflation around the corner, I'm holding onto them to rise with inflation. Hey TWM, great article and thanks for the link. I think that your argument is spot on. With the recent market rally, I have been tempted to sell off some of my commodity shares. However, with inflation around the corner, I’m holding onto them to rise with inflation.

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