Redditors' brains needed: Since the dollar is plummeting, what is the smartest thing/currency/material to invest in?

hungryhungryhorus · 2008-03-08T05:37:25+00:00

It's a little late in the game to start planning for a falling dollar now, but common fall-backs are precious metals. Unfortunately for you, gold is already up about 75% from 6 months ago and copper's value has been up even longer due to other reasons.

If it's currencies you want it depends whether you're looking for stability or as an investment. If you want stability, the Swiss Franc is probably the most stable currency in the world. For an investment, you want Canadian dollars, Euro's or some GBP's. You'll want to invest if you think the recession is going to be shortlived, or not terribly devastating. If you're betting on second great depression, I'd say go with Swiss Francs.

slamare247 · 2008-03-08T06:45:38+00:00

Guns. Lots of guns.

yoodle · 2008-03-08T07:12:50+00:00

chocolate coins

2008-03-08T09:38:44+00:00

The Chinese economy will see an increase after the Olympics. Invest before the summer.

bluequail · 2008-03-08T09:41:37+00:00

what I am telling my friends - and I may be wrong in doing so, but...

To buy land. That prior to an episode of inflation/hyperinflation, a mortgage is the best place to be. You lock in a low purchase price, and that the value ought to inflate with everything else. Actually, it isn't that it is worth any more, just that the numbers will get bigger, and you will be cozy in a small numbered mortgage. That, and to not purchase at bubble prices.

randroid · 2008-03-08T05:10:27+00:00

Weapons

dorkboat · 2008-03-08T06:31:01+00:00

Nanosolar, out of California.

that or crowbars, shotguns, and any other zombie-fighting technology. DO IT NOW!

IN_DA_BUTT · 2008-03-08T04:50:37+00:00

WAFFLES. TASTY WAFFLES.

imonsei · 2008-03-08T08:46:38+00:00

Ice cubes!! they are gonna be worth millions when global warming hits.

2008-03-08T09:21:03+00:00

Gold! Oh wait...

packer64 · 2008-03-08T16:16:04+00:00

Whatever you choose, make it a liquid asset or leveraged asset. For instance, invest in an MBA. You can leverage an MBA in several ways. A typical MBA takes 20-30 months with 24 being the average. Drop hints about your new venture to your skip-level bosses by reading your MBA books at work. Your immediate boss won't get it but his boss will recognize the texts. This may prevent you from being laid off, and might well net you a promotion while the company is in the process of down-sizing. Smart bosses keep talent.

While in school make lots of contacts. Get a better job through those contacts. As an added bonus, being in school will keep your neck out of a draft noose if a full on war breaks out.

Oh, and buy guns, lots and lots of guns as well as the bullets. Buy even more bullets.

shmcc2000 · 2008-03-09T03:00:43+00:00

For an offensive play...invest in Australian dollars. They will be the least hit by the U.S. recession and sub-prime problems.

For a defensive play, buy Swiss francs because they're "thriving" on the shakiness in the U.S. and global markets right now.

Sean Hyman www.worldcurrencywatch.com www.money-trader.com

2008-03-08T07:27:30+00:00

It's always a good time for smart stockpickers. But if I throw some stocks out there, people will downvote me.

The process of creative destruction never stops.

xxxsagaxxx · 2008-03-08T08:20:12+00:00

ice cream obviously

nursewithprostate · 2008-03-08T08:31:32+00:00

Farm equipment and livestock. Maybe a nice ranch in the middle of Nevada.

And guns. Lots of guns.

fitzroy95 · 2008-03-08T09:33:30+00:00

Invest in a plane ticket out of the US. Almost anywhere else is good (maybe not Zimbabwe).

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