I've made my stash in gold and currencies, primarily CAD and Euros. I also have an ongoing position in Brazilian Reais. That's where I bet our nest egg, just based on the things I knew and researched.
I didn't think it was too great a risk, as even Warren Buffett was betting against the US Dollar starting in 2003
Gold was a no-brainer.
The stock market has always been a rigged casino, and it's getting harder and harder to get real unbiased information.
Ruport Murdoch taking over the Wall Street Journal hardly fills any real trader's heart with joy, either. Hard enough to get unbiased, business news these days...it's getting to the point you have to perfect the art of reading between the lines
But if you read enough papers, follow enough reports from analysts whom you've come to trust by the outcome of their forecasts, you'll see the direction...
...and yes, that direction certainly would suggest shorting and currency plays are a good way to go - imho
But I wouldn't go long the Euro at this point, fwiw. Probably will hit $1.50, but over that there will be serious wailing on the part of Europe's manufacturers and the ECB will finally be forced to do something to contain the Euro's rise versus the dollar...
I'd be more inclined to go long the Indian rupee at this point, as well as Yen, and possibly still the CAD and Aussie dollars. Aussie dollar clearly headed to par with the USD, so good for that ride from .90 to $1.00, imho
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If you take anything I say as advice, you're crazier than I am.
