A Case for holding US Dollars?

Discussion in 'Currencies' started by fishduck, Dec 15, 2019.

  1. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Lol, yep that would be my luck.

    I admire your guts for moving into an Alt Coin. I've had some mixed results in the past.

    Wishing you the best with the trade :)
     
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  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Definitely a bear market for alts, there are two reasons why I bought them (1) the funds are in my allotted crypto holdings so I just move them around within that asset class, and (2) I can get 12% - 16% interest (simple) on CRO holdings.
     
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  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Another view on the dollar by Brent Johnson. I'm not endorsing nor agreeing with this view, but just another perspective.

     
    Last edited: Jan 9, 2020
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  4. madaw1

    madaw1 Well-Known Member

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    I tend to agree,but I'd like to put first stack learning about things and stack advice as the most important...
     
  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Good viewing that, I agree with it too.

    There was a recent video on Realvision regarding runaway inflation ie rather than hyperinflation, it's inflation that happens beyond what CBs have set out to achieve and beyond their control.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I’m starting to come to a conclusion that it’s immpossible to know how the dollar will behave. Might as well exchange all of it for liquid bullion gold. If the price of gold ends $1550 + 2% = $1580 on 31 Dec 2020, this would be no different from holding dollars. The likelihood is it will be higher, maybe $1650 or $1750 or more.
     
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  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    On another topic CRO had a nice jump in price, I sold at about USD0.042, now waiting for it to bounce off somewhere lower (sub AUD0.55 I hope) and I'll buy back in.
     
  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    It's why I hold both. And I'll be looking at buying US stocks too. Currently my exposure to the share market are Australian stocks.
     
  9. heartastack

    heartastack Well-Known Member Silver Stacker

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    this guy seems to be taking the valuable data points, predictions and discussions of the shills and making them palatable. Channels like this will take stacking into the mainstream. His end of 2020 recession prediction is alarming (and believable). Housing crash to follow 2021/2022.. I really hope my stack doesn’t go towards bailing family members out of poverty
     
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I exited most of my US bank stocks bought in 2012 over the last 2 years waiting for a big pullback, but they went up even further recently. This is why I am mostly cash and didn't put more into pm earlier. Unlike gold and even silver, which always come back to the previous price (if you can wait), stocks can easily lose 50-90% of its value, even for very good companies.

    But now is a good time to study what to buy when the market corrects. Buying cheap may not work all the time, what is cheap can become cheaper, e.g. uranium stocks after Fukushimaya, but at the minimum, with some diversification, I won't lose my capital.

    The harder the Fed pumps up the market, the greater the collapse and the more attractive gold becomes.

    Market valuation of largest mkt cap US stocks with Apple right at the top at $1.36T, followed by by Microsoft at $1.24T - https://www.tradingview.com/markets/stocks-usa/market-movers-large-cap/
     
    Last edited: Jan 10, 2020
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  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Stack beans for them and gold for your own kids.
     
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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  14. madaw1

    madaw1 Well-Known Member

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    If you are waiting for the market to correct-it can be tomorrow,but it can takes years-in the meantime you are losing your capital,as your purchasing power of dollar/cash/going down. For me to keep more than 20 percent of cash and waiting is not a good investment strategy-money makes money/but sometimes you can lose too...
     
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  15. alor

    alor Well-Known Member Silver Stacker

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    no case for major countries to he hoarding USD, the weaponized USD and sanctions imposed have made them seek the safety of GOLD bullion 999.9
     
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  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The US is not going to accept gold in return for the interest on their loans.
     
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  17. madaw1

    madaw1 Well-Known Member

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    Why not?-I'm just curious. If a country has a lot of US debts - a lot of gold as well ,but is not able to pay interest on the loan in cash-why US would't accept gold as collateral?
    Edit: This is hypothetical question-I don't know any country with a lot of gold and with big US debts.
     
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  18. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    That’s a good question. I don’t know. I’ll have to do some reading.
     
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  19. alor

    alor Well-Known Member Silver Stacker

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    Venezuela gold got sold and used to pay off their debt
     
  20. alor

    alor Well-Known Member Silver Stacker

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    their asset burned and there is no need to pay, Trump wants Iraq to pay for destroyed bases. don't think he can claim payment anymore. Iraq is going to buy S300 and they will get interest free bonus called American sanction and Chinese loan, it is going to be written off later on.
     
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