I'm more afraid now of holding USD... That debt is rising and QE3 isn't helping things. I really dislike Obama more and more ..
Everything seems to be a crapshoot right now. If USD goes down, I'm screwed. If I hold other currencies that aren't tied to USD (they're tied to stock market) and I'll lose if the dow takes a hit... I'm sure US will default on their loans... Japan and China both have very sizeable holdings in this debt... both at over 1 trillion... US won't pay this back, they can't..
So what will happen is USD will lose its place as a reserve currency. The world will probably go back to using gold as a reserve currency.
So I'm thinking of buying gold... but that's pretty high right now as well... Silver maybe?... but both those will be screwed in the event of a crash.
Real estate also I think is affected in the event of a US default... There's no safe ground, except me shorting the US dollar index...
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