Re:Ask HN: When or if do you think the dollar will collapse?
by nostrademons on Saturday October 10, 2009 @04:02PM
(#873761)
I can't predict when. I think it will, at some point, but I can't tell whether it'll be a gradual slide or a catastrophic panic.
As for what to do about it - own assets that generate continual revenue streams denominated in foreign currencies. International bonds are the obvious ones, but stocks of companies that make most of their revenue abroad also work well. Paradoxically, that means the S&P 500 is a pretty good bet: most of the top American companies make most of their money outside of the U.S.
As for what to do about it - own assets that generate continual revenue streams denominated in foreign currencies. International bonds are the obvious ones, but stocks of companies that make most of their revenue abroad also work well. Paradoxically, that means the S&P 500 is a pretty good bet: most of the top American companies make most of their money outside of the U.S.