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Any bets on the DOW today ?
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À
17/03/2008 22:29:28
Hilmar Zonneveld
Independent Consultant
Cochabamba, Bolivie
Information générale
Forum:
Finances
Catégorie:
Marchés boursiers
Divers
Thread ID:
01302623
Message ID:
01302902
Vues:
18
>>I took a page from your book and put everything I could into cash for a while. Too bad I wasn't smart enough to do that a year ago....
>
>Putting everything to cash is fine, as long as it ain't in US$. To be on the safe side, at least part of your money should be in some foreign currency.

Really? Everything I buy and earn is in dollars. Foreign goods will become more expensive (already have) as the dollar sinks against other currencies, but I don't understand why I should hold money in those currencies unless I am worried about the dollar becoming worthless, which I am not. If I put my money in Euros, for example, isn't that an investment / speculation that Euros will appreciate against the dollar? I am looking for a safe haven, not an investment. Not forever, just to ride things out for a while.
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