My son has been urging me to look into buying some other form of currency due to the decreasing dollar and the huge current Fed. deficit. He is thinking along the lines of an eventual US monetary colapse.
I know of course investing in international stocks is somewhat of a hedge, but what about actual currency. I know nothing about this. Aren't there actual funds that do this? The only up side I see in doing this would be to preserve the buying power of your dollar. In other words there would not be any actual growth of the current dollar value.
Any comments or suggestions.
I know of course investing in international stocks is somewhat of a hedge, but what about actual currency. I know nothing about this. Aren't there actual funds that do this? The only up side I see in doing this would be to preserve the buying power of your dollar. In other words there would not be any actual growth of the current dollar value.
Any comments or suggestions.