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Reply #15: No, here's how you bet against the dollar. [View All]

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German-Lefty Donating Member (568 posts) Send PM | Profile | Ignore Fri Nov-05-04 06:20 AM
Response to Reply #13
15. No, here's how you bet against the dollar.
Warren Buffet has said he is "...betting against the dollar" Better to pay off your loan/home/car/etc... than being tied up in equities.
No, if you think the dollar is going to tank, you don't have to worry about debt so much.

In the extreme case, where you really new how and when a crash in the dollar was coming, take out a bit load from a US bank in dollar, buy yourself a nice house in Europe, and a few gold bars. When the dollar goes through run away inflation you can pay off your loan with a pack of cigarettes and buy a plane tick to Europe with the gold. Have a nice retirement.
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