Quote:
Originally Posted by Machforce1
"a) Having cash only , no debt or investment whatsoever
b) The cash is in two different banks/different countries"
Not a good idea at all as the value of the dollar will be nearly zero over the next several years. To preserve wealth, exchange your worthless dollars for real tangible assets like gold and silver. Paper currencies all over the world will likely lose much of their value.
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I completely agree.. the dollar is doomed. This is why I have most of my money in EURos. But also please note I have stressed the 'timing' factor to it all.
My plan is to have 50% of my money in gold/silver in 6 months. My plan is also to time the fall of the dollar (which will result into the strengthening of the EUR .. temporarily).. Once the EURo is at a relative high then I change it for whatever else is tangible at the time. (most probably something of real value). Timing is everything..