posted on Dec, 8 2005 @ 08:08 PM
For an 'economy going south', the US$ seems to be doing pretty well against other major currencies.
I remember buying Krugerrands for $500 each, watching them climb to $800, then watching them drop to $300 before I dumped them. I had ten of them,
which means I lost US$2000 plus comissions.
Since then, I've stuck with the stock market for my retirement and it's done a lot better over the long run than gold or silver. I wish I had those
Krugerrands back; I'd sell them now, although a present value calculation would mean my $500 Krugerrands are worth about $100 if not less.
Oh well, live and learn.
However, FWIW, I doubt there's going to be a crash in teh stock markt housing market, or anything else (except for the sale of GM cars and trucks.
If you have stocks, sell them and buy metals, my guess (and this is only a guess) is that by the time you paid the comissions, the price of gold would
go down vis-a-vis the dollar and you'd be right back where you started from in a couple of months.
But no one -- whether a stock weenie or a gold bug -- can see the future, so if you have money that you can afford to play with and perhaps lose, have