Re: Shorting the US dollar
dont buy Euros - the constitution has just failed in its bid to be ratified by teh member states - Euros will probably suffer a similar fate to the dollar.
As for trading currencies, the pros wait until the trend has started. If you are buying on large leverage, that might be a good idea. But the US is enjoying an interest rate differentail that is likely to get wider in the coming months against many currencies. Dont forget that you have to pick another currency to trade the dollar against. Who is to say that they wont all go down as people realise that fiat currencies ARE worth the paper they are printed on?
If you want safety and security, the inflation linked bonds might be a good idea, but then again, the Fed sets the inflation rate through their manipulation of the CPI. You could actually get delation of a point or two a year
without realising it.
All that glitters is commodities in my book, and the loss of faith in fiat currencies around the world may just set of huge bull run in gold...some argue we are past the first leg already.
Bingo
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