What Would Be the Best Currency or Commodity to Have Today to Switch to From the Dollar?
Monday, June 1st, 2009 at
11:41 am
surferjoe2020 asked:
Getting worried about all the talk of the US printing money and causing hyperinflation…what would be the safest currency or commodity do yu think would weather the economic storm we are facing?
Getting worried about all the talk of the US printing money and causing hyperinflation…what would be the safest currency or commodity do yu think would weather the economic storm we are facing?
Tagged with: Currency • Economic Storm • Printing Money
Filed under: Commodity Trading
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I’d go with TIPS, treasury notes indexed to inflation.
Yuan. Chinese currency has outpaced USD in the last year(02/08-02/09). Yuan is only going to get stronger. Everyone seems to be dropping, but the Chinese currency.
As far as commodities, I’m not aware of any that are increasing besides rare metals(gold, plat).