palani
15th July 2011, 06:28 PM
http://www.coloradogold.com/archive/Short_The_Dollar-1070.html
To make a profit on the obvious dollar's decline, it is wise to 'short it,' isn't it? Isn't it a virtual 100% sure bet, that the buck will continue to lose value? Could it do anything else? OK then, let's 'short' the dollar, and make a profit. How to do it? Simple! Take your dollars, and buy something tangible, which will go 'up' in dollar prices, as the dollar goes 'down' in value. What to buy to get out of dollars? It should be something that requires no maintenance, insurance, watering, oiling, refrigerating, painting, batteries, insulation, fuel, appraising, or other. As an example, in the last year, I bought a new washer, dryer, dishwasher, and refrigerator. The old ones worked perfectly, so why did I buy new ones? Because I knew, that the prices of new ones would go up, up, up, as the dollar slid down in value and purchasing power. I donated the old to Hospice and took a tax deduction, plus the new ones use a lot less electricity, have more features, and will probably last longer. Within the last two years, I replaced my 92.5% efficient Lennox hot air furnace, with a 94.1% efficient Lennox. Why? because the 92.5% efficient one was 18 years old, and still worked perfectly, but as with the appliances, how much longer would it last, and how much more would a new one cost a year or two from then? I was totally correct on all counts.
To make a profit on the obvious dollar's decline, it is wise to 'short it,' isn't it? Isn't it a virtual 100% sure bet, that the buck will continue to lose value? Could it do anything else? OK then, let's 'short' the dollar, and make a profit. How to do it? Simple! Take your dollars, and buy something tangible, which will go 'up' in dollar prices, as the dollar goes 'down' in value. What to buy to get out of dollars? It should be something that requires no maintenance, insurance, watering, oiling, refrigerating, painting, batteries, insulation, fuel, appraising, or other. As an example, in the last year, I bought a new washer, dryer, dishwasher, and refrigerator. The old ones worked perfectly, so why did I buy new ones? Because I knew, that the prices of new ones would go up, up, up, as the dollar slid down in value and purchasing power. I donated the old to Hospice and took a tax deduction, plus the new ones use a lot less electricity, have more features, and will probably last longer. Within the last two years, I replaced my 92.5% efficient Lennox hot air furnace, with a 94.1% efficient Lennox. Why? because the 92.5% efficient one was 18 years old, and still worked perfectly, but as with the appliances, how much longer would it last, and how much more would a new one cost a year or two from then? I was totally correct on all counts.