Is our dollar the next bubble waiting to break?

[screembloodymurder]

:hurts:

http://www.atimes.com/atimes/Global_Economy/KC14Dj04.html

Keep your money in liquid assets ... oil.

[Double T]

1. Water.....what a great idea. Don't forget to flush twice.

As the printing presses at the mint are rolling, the value and purchasing power of the dollar is declining. Out of control inflation is just around the corner.

[Art_from_Ark]

13. Just for clarification

There are only coinage presses at the mint(s) (there are four mints, but only two make circulating coinage). The paper money is printed separately at Bureau of Engraving and Printing facilities in DC and Fort Worth.

[paulsby]

2. better

IF yhou think the dollar is going to break, then ... wait for it... short the dollar.

fwiw, i AM short the dollar and long the euro right now.

i am also in oil, so i agree with you there.

when oil was over 100, everybody thought it would never go down. many peeps here were "peak oil peak oil" and other such tripe. then, it tanked about 120 dollar per barrel lol.

i believe accumulating a little oil here is a nice inflation hedge/hedge against weak dollar

[screembloodymurder]

6. How do you play oil?

I would like to invest in oil, but I don't know a thing about it.

[paulsby]

7. there is an exchange traded fund

called USO (that is the stock symbol) that (relatively closely) tracks the price of crude oil

it's not a 1:1 correlate, but that's the easiest way. i use USO and i occasionally use futures too, but i don't recommend futures for the average person.

USO is the best proxy for the price of oil that is easy to purchase and hold. basically, one share is roughly equivalent to one barrel of oil.

oil goes up $10 and you make $10 per share you bought.

oil doubles, and your investment doubles. roughly.

there are a few other exchange traded funds that are also correlated with oil (DUG for instance), but USO is the one i use.

[Po_d Mainiac]

9. OIL is another ticker to play crude n/t

[screembloodymurder]

11. Thanks!

:-)

[GoesTo11]

3. I'm playing it ultra safe: US Treasuries.

I don't think oil is that safe. Maybe gold.

[Po_d Mainiac]

8. Treasuries are now a bubble

Unless you actually own them, and hold till maturity. Even then, the interest rate paid on a mature note is going to pale in comparison to inflation.

T-bill mutual funds are poised to drop like so many stones.

If the prices of pre 1964 US silver coins is an indicator, a lot of people are betting against the greenback. At the current spot price for silver (10:22pm EDT) 90% US silver coins have a melt value of $9.28. Wholesalers are paying $10.40 and up for bulk. I have traded silver coins for decades, and never witnessed this phenomenon.

Oil could hit $20 a barrel if demand continues to fall, and production fails to follow suit. It could also hit $400 if the greenback no longer is traded as the petro-dollar. World banks would shed USD's at warp speed to acquire the replacement currency.

[screembloodymurder]

10. Damn, I'm sorting thru my change jar.

Thanks for the tip.

[Po_d Mainiac]

12. I should have phrased better

The figures for "melt" values are in relation to $1 face value.

[Danascot]

14. Here's a tip

Treasury Inflation Protected Securities - TIPS

A special type of Treasury note or bond that offers protection from inflation. Like other Treasuries, an inflation-indexed security pays interest every six months and pays the principal when the security matures. The difference is that the coupon payments and underlying principal are automatically increased to compensate for inflation as measured by the consumer price index (CPI).

http://www.investopedia.com/terms/t/tips.asp

[FreakinDJ]

4. China has been calling for Asian countries to divest the dollar

for some time now

For some small struggleing economies that don't have squat for exports it has worked out ok for them

[ORDagnabbit]

5. great vid to understand money

moneyasdebt.net

you can watch it on youtube as well..