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Updated over 5 years ago on . Most recent reply

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Helen De la rosa
  • Rental Property Investor
  • Houston, TX
6
Votes |
30
Posts

Bye Bye Dollar, Buy Buy Gold?

Helen De la rosa
  • Rental Property Investor
  • Houston, TX
Posted

Lots of noise in the market, making me nervous.

Noise 1 ) bye bye dollar, buy buy gold. 

* Gold has hit 5-year high. 

* Will dollar continue to weaken? I see quite a few propellants fueling it: oil dollar position is being challenged, a few countries ( Russia, China, Iran ) have started to settling trade in local currency. This is a challenge to the US dollar dominated world currency system since 1972. The US Central bank has managed to print money and exported crises to the world and saved home country economy. Will it be able to survice this round? for how long?

Should I buy gold or should I keep buying rental? What will be the rental/housing market look like if the US dollar loses its world currency position?

Most Popular Reply

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Replied

I have small gold bars that I would love to get rid of, find me a place that will take it without skimming 15% off the spot price.  

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