Gold and Silver. Self Explanatory.
You took the easy way out. Gold, blah blah blah. Silver blah hahah blah blaugh!
You didnt answer the question. The question is W H A T I S T H E M O S T S T A B L E C U R R E N C Y I N T H E W O R L D?
I dont want to be told that gold and silver is my only hope to surrive this economic collapse. I want to know what currency is a safe alternative to the dollar. Is it the swiss franc, or the chilean peso, or the brazilian real or the UAE dirham or the mongolian togrog?
Rickets got it right.
Took the easiest way out? Wow.
I'd say I took the hardest route, due to the reaction by you. It shows, you probably haven't bought pretious metals. If you have, then you'll understand how hard it actually is, to throw the current currency paradigm to the wind, and buy PM's!
Again, the safest currency is Gold/Silver. If you can't see that, then you don't understand FIAT currencies. You may want to go back and take the Crash Course, and watch the movie Money Masters. I'll let you find that, as your response doesn't make me want to do your work for you.
Thanks Portal202 for a great discussion.
The currency not yet mentioned is tangible goods that can be traded or consumed. Granted, it would be cumbersome to carry pork bellies on an airplane to trade for your vacation villa on the riviera, but if TSHTF as many suspect it might, we could find ourselves in a different paradigm. In a back to the basics situation we may not have the ability to trade Swiss Franks or Yuan, but an extra 5/8 socket might just get you some food or fuel.
If you envision the future as status quo in your McMansion with well stocked grocery stores in every neighborhood, but the need to pay with Silver or Gold or Canadian Dollars, you are missing the big picture. With the change in currency structures will come unprecidented changes in lifestyle.
We could easily move toward a black market barter culture as the government tries to steal the last available pools of conventional money.
Part of my suvival strategy is to accumulate tradeable "stuff".
To listen to the guy who knows currencies better than anyone and who nailed the call on this last round of QE (Jim Rickards), go here http://rt.com/programs/keiser-report/episode-343-max-keiser/
The currency not yet mentioned is tangible goods that can be traded or consumed ... an extra 5/8 socket might just get you some food or fuel.
...We could easily move toward a black market barter culture as the government tries to steal the last available pools of conventional money.
Not only yes, but hell yes. The best possible ways to diversify your assets are to become more energy independent, food resillient, and able to trade goods and services on a local level. I say this as a person who put her money where her mouth was. My husband's retirement money is locked into the corporate paradigm, but mine was in a 401K and I bit the bullet and took the financial hit and put my retirement money itno things like a well, an airtight woodburning stove, gardening supplies and tools, and other tangibles.
Gold are silver are great, of course, but I think the original poster was asking about fiat currencies. The post was like 2 years old, and I think the Swiss Franc has had its tough times as well.
In spite of the impending bubble, I'd go with the Chinese renminbi. But don't put all your money in this, I'd say only 1/3 or 25%, the rest keep in gold and silver!
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Preparing those people on Ise Lodge (Kettering) Northants, interested in the future post fossil fuel.
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