Mesogen
12-21-2007, 03:14 PM
http://www.moneymorning.com/2007/11/21/nine-ways-to-profit-from-the-diving-dollar/
Let me put it bluntly: The U.S. dollar is nose-diving against foreign currencies. So far, it’s down 12% against the euro, 7% to the yen, 8% to the pound, 15% to the Canadian dollar, and 10% to the Swiss frank. And that’s just in the past year alone.
...
Thankfully, there are simple solutions to these currency conundrums.
By holding assets denominated in foreign currencies, U.S. investors can protect their savings from the twin assaults of inflation and currency devaluation. In dollar terms, the value of assets held outside the United States will grow in a gratifying fashion - as will the profits you reap from these strategies.
It looks like the general solution is "go global." Buy foreign stocks and invest in foreign currencies.
But if millions of people did this, wouldn't that weaken the dollar even further?
Hmm. The Fed keeps lowering interest rates and the best solution looks like global investment. Hmm.
Let me put it bluntly: The U.S. dollar is nose-diving against foreign currencies. So far, it’s down 12% against the euro, 7% to the yen, 8% to the pound, 15% to the Canadian dollar, and 10% to the Swiss frank. And that’s just in the past year alone.
...
Thankfully, there are simple solutions to these currency conundrums.
By holding assets denominated in foreign currencies, U.S. investors can protect their savings from the twin assaults of inflation and currency devaluation. In dollar terms, the value of assets held outside the United States will grow in a gratifying fashion - as will the profits you reap from these strategies.
It looks like the general solution is "go global." Buy foreign stocks and invest in foreign currencies.
But if millions of people did this, wouldn't that weaken the dollar even further?
Hmm. The Fed keeps lowering interest rates and the best solution looks like global investment. Hmm.