US Dollar devalued quickly.

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Wally

• October 06, 2023 00:49

Dear Sirs,

For years oil has been bought and sold only in US dollars. Many world powers have invested in dollars because of stable Petro-dollars. But now trading oil is moving to other country currencies, Russia? and China? Arab states?. As theses countries dump US dollars and investments, doesn't this decrease the value of US dollar and cause rapid hyper inflation? Do you see this happening? If so, how are we older citizens going to best protect our life savings from this world wide problem?

Thankfully,

Wally Atwood

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  CHRISTOPHER BATTISTA

  • January 11, 2024 18:22

  The dollar has always been fake, people blame Nixon, but it was Roosevelt in the 30s that started this mess. diminishing value is heavily related to much more than just the PetroDollar, but it is a good example of how fiat currency is affected by Velocity of Exchange. 

  it is my advice Wally, that you are invested in real tangible goods. I feel like most of the country views money backward. We are always looking at the price of goods, rather than the value of the currency, and how much goods a dollar can buy. 
  So think about turning those Depreciating dollars into Appreciating assets. I would much rather hold $1,000,000 of land across the country, than $1,000,000 in cash.

  When the dollar crashes it will be replaced with something else. you will be able to trade that land for the new currency. Maybe it's land, Cars, Rolex watches, or stockpile of ammunition.  Tangible goods are valuable in every currency. past present and future.

  much like any other investment strategy, diversify.

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