A Case for holding US Dollars?

Silver260 said:
I admire your guts for moving into an Alt Coin. I've had some mixed results in the past.
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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.
 
Another view on the dollar by Brent Johnson. I'm not endorsing nor agreeing with this view, but just another perspective.

 
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mmm....shiney! said:
It probably wouldn’t be relevant.

Most people in Australia don’t want USD now and they’re not likely to want them if the Oz economy tanks. They won’t want gold either mind you. All they’ll want is more government issued credit vouchers in the form of AUD.

Stack gold as a currency hedge, stack USD as a gold/AUD hedge, stack shares, stack property, stack learning about things, stack cryptos, stack advice.
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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...
 
sgbuyer said:
Another view on the dollar by Brent Johnson. I'm not endorsing nor agreeing with this view, but just another perspective.

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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.
 
mmm....shiney! said:
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.
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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.
 
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.
 
sgbuyer said:
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 gold.
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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.
 
mmm....shiney! said:
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.
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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
 
mmm....shiney! said:
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.
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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/
 
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heartastack said:
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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Stack beans for them and gold for your own kids.
 
sgbuyer said:
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.
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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...
 
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
 
mmm....shiney! said:
The US is not going to accept gold in return for the interest on their loans.
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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.
 
madaw1 said:
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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Venezuela gold got sold and used to pay off their debt
 
mmm....shiney! said:
The US is not going to accept gold in return for the interest on their loans.
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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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