Currencies Question
what happens to 100k in stock or cds if the us dollar devalues and loses its reserve status ?
Answers
Retirefund answered one month ago …
The current rally is mostly built on the falling dollar, so stocks are going up basically as the dollar declines. The dollar won't be replaced (at least not any time soon) as the worlds reserve currency, but it is headed lower. Cash is not the place to be right now. Look for good commodity stocks, oil, gas, gold, potash etc.
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