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Thus, the consequence of the Fed's economic anesthesia is that the dollar will lose its value mightily against the world of things. The Dollar will buy less. Tomorrow's Dollar will resemble today's penny.

So what to do?

Buy things. In a world in which paper depreciates, tangible assets will hold their value better. Unlike paper, we can't create oil reserves or gold bars by pressing a few buttons at the Fed. Tangible assets take time and labor to create. So the first thing you do is favor commodities. The biggest gains in commodities could still be ahead of us.

In particular, Buy Gold. Gold is a commodity, but it is unique in its monetary heritage. It was money – in the sense that you could buy groceries with it – not that long ago, in the grand scheme of things. People are again flocking back to Gold Investment as the Dollar's prospects turn uglier. This move has a long way to go.

So don't forget to buy a basket of commodities, starting with gold, and strong currencies...while you're taking out the trash.

Článok:goldnews.bullionvault.com/gold_dollar_040620096

13.04.2009