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RE: The US Dollar Is Screwed Part 2 - How I'm Protecting Myself

in #economics7 years ago

Thanks for your thoughts; I appreciate you adding to the discussion. In regards to this question:

Similar to your caveat for crypto, let's say gold/silver experience a significant crash just before the dollar. Would people avoid those for the same reason? Or is it more of a concern with not having something tangible to flee into? Personally, I think the rise/fall of the price of alternate assets will have little impact on people fleeing the dollar.

Many people's confidence in crypto was destroyed for a period of time after the last Bitcoin bubble burst. I think there are getting to be more and more strong hands holding crypto as time goes on, but I do believe that another crash will destroy the vast majority of confidence once again.

I think a huge crash in the price of the metals is highly unlikely, but if that were to happen, I think there'd still be a lot of buyers considering it's history - 1000s of years being a store of value.

Someone suggested the price of gold/silver will initially go down if there is a Dollar crisis. Why? Because everyone will be selling their gold/silver initially to cover their shortfall due to decreased value of their dollars. But once that initial selloff passes, then gold/silver will take off.

Seems plausible. I'll have to think about that one some more.

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The metals could be ready for a big run. The CFTC just laid the smack down on a crooked metals trader for the first time in 37 years (actually first time ever since 37 years ago it was the Hunt brothers who were really just trying to stack). The press release indicates they are going to be going after manipulators.

That's great news, I hadn't heard that.

Ted Butler was having us write the new commisioner, but was not really hopeful about something happening RE: manipulation. After 2 decades he had learned to moderate expectations. Now he is excited.

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