As the trend this summer begins to change, the only place you will be able to maintain and possibly grow your existing wealth is to put it in cash. And mainly the US Dollar.
As I stated in a previous post, stocks, real estate, and even gold have been in bubblious territory. They will all pull back. For stocks and real estate the drop can last for years. For gold and silver, maybe just months. But the trend is changing. During uncertain times, the only place to be is in cash. Specifically US Dollars. The US Dollar has been getting a lot of heat lately for showing too much skin. The Fed keeps printing Dollars out of their buttocks and everybody's freaked out that the US dollar has become the peso and that it's cheaper than toilet paper.
However, when times get tough, investors flock to the Dollar. When bubbles pop, people panic and sell their assets to avoid big losses. People will demand cash! When cash is King, it won't be the Euro, Canadian, Aussie, Swissy, Yen, or Renmenbi. It'll be the good old American Buck. Why? B/c the Chinese call it American Gold. B/c we still live in an American Empire. The US is still boss, and when the world needs cash, they call the Americans. How long will this last? Probably for about a year. I see a potential 30% upside at least for the US Dollar Index. And when most investors in stocks or real estate may lose over 30% in the coming year, buying US Dollars will make you look 60% wealthier than the average investor.
So sit tight my friend cause cash is currently King. You will be laughing when you can pick up cheap assets in the coming year. But be patient my friend.
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