Dollar headed for collapse?

OK, so if the dollar collapses, then what. We are all broke. So what if I have gold or silver, can,t eat it, spend it and no one can buy it. So there,s got to be something worth much much more when you have to survive. That,s what I need to know. Let,s look at the scenario of what would happen. Riots ,robberies, chaos to the fullest. Of course the Army will be sent in to suppress us all. So again, what is the most important thing I need to know? Does anyone know?

So what is it that someone like me that is ready to retire in a couple of years to do.
What type of investments should I be in that will be safe and secure? Should it be CD”S or Gold or Silver? Or should I attempt to be in the stock market with high yeild dividends? Confusing times.

Don NJ

Larry, based on today’s video and your brief example of buying a house for $100k, etc., do you recommend selling all real estate before the dollar’s demise? What about one’s home? Other commentators with views similar to yours recommend selling even one’s home and renting? What is your view on this issue?

Thank you.

I agree with you about the demise of the dollar. We already have a large portion of our assets in metal. What other assets would you recommend instead of dollars? We also have a cash emergency fund in dollars. What other currency or currency mix would you recommend as an alternative to dollars?

Thanks so much for all you are doing for us. I am following Martin’s advice in his book and recommendations in Real Wealth and Safe Money.
During Today’s talk about “Fireworks in gold” You said we have been in a recession for about 10 years,
you can help me by explaining this. In the last 10 years I have seen my wages. house and savings increase. I didn’t lose anything in the 401K because I was forewarned and put into treasuries before the big drop. I am wondering how it could have been a recession when I seemed to have gained?
Thank you

Two questions please.

1. How will a person with a mortgage and credit card debt be affected?

2. How will daily commerce within the US be conducted?

Larry

I am a UK Citizen, my fiance is American, he cannot leave the states for reasons l cant go into so
we plan on living in the states.
My money is in Sterling but was wanting to buy a home for us there.
Should l wait until the dollar has found support and if so how long do you think l would need to wait.

Regards

Angela

LARRY, WITH YOUR PREDICTION OF THE DOOM OF THE DOLLAR WHAT CURRENCY SHOULD INVESTORS BE LOOKING AT ?

…anxious to hear your suggestions!

WILL SILVER KEEP GOING UP??

Larry,
Yes, the dollar is in deep trouble. Tell me how to move out of the dollar. Gold & Silver are great but, I do not believe in placing all capital into these investment. Oil and metal are also great accept these are subject to a major market correction mainly in the near term, RIGHT? What about other currencies?

LAZ

If the dollar collapses I see the only thing to hold is assets such as commodity ETF’s. If the dollar collapses what happens to other currencies as most countries are also printing money to keep their currencies low so that they will be competitive traders.

Walter

I am setting in cash, out of the market for about a year. How should I invest?

Joe Cornwell

Larry you can tell us where to profit the demise of the dollar.

Does Weiss Research still recommend US Treasure Bills as the best place for my non invested dollars? Do you agree?
Al D.

Larry:

I am not sure what to ask. As a fairly new investor I have money in the stock market. I have been using some of the stocks from the Weiss newsletter - some from other sources. But it is all in a US Stock account. I do have some invested in foreign stocks. I have additional invest in some of the Gold stocks you have recommended.
If you could tell us in plain everyday English how to protect what we have I would certainly appreciate it.

Thanks

I see a contradiction here. You say that the dollar will collapse, and yet Martin Weiss and Claus Vogt both recommend keeping a large cash reserve in U.S. Treasury bills, which are denoted in dollars. If the dollar collapses, then so will the value of these Treasury bills. I have some gold in the form of GLD, but much more in money market funds and Treasury bills. Are you predicting inflation or deflation? How do we best proceed from here with this?

My portfolio was cut in half during the recession / crash. What should I do to protect what I have left?I now have half in stocks (mid-cap dividend paying stocks) and half in cash.
Thanks for the help.

Larry:

I am not sure what to ask. As a fairly new investor I have money in the stock market. I have been using some of the stocks from the Weiss newsletter - some from other sources. But it is all in a US Stock account. I do have some invested in foreign stocks. I have additional invest in some of the Gold stocks you have recommended.
If you could tell us in plain everyday English how to protect what we have I would certainly appreciate it.

Thanks

If the dollar collapses, does my debt likewise become worthless to creditors?

If the US dollar does fall completely from grace as if appears could actually happen, where should we put cash? Convert it to other curcency? Move to off shore to other banks? Is gold the best bet? or should we look to foreigh stock purchases (China, India, South America….?)

What are the best recommendations for savings account funds? Much information has been given out that one should have 6-9 months cash reserves in case of financial hardship or job loss. What should be done with those funds to protect the value but still be fairly liquid?

Thank you for your expert newletters. As an unsophisticated investor could you please give me a simple 1-2-3 as to how to protect (through currency conversion) my meager savings. Would opening an account in another country (eg:Canada) and keeping all deposits in that currency be sufficient.
Thank You for you consideration.

I am a subscriber to Real Wealth, Resource Options Alert, Million-Dollar Contrarian, and Safe Money. I basically follow the advise offered in each of these services, but I still have a substantial amount of money in Fidelity’s US Treasury Money Market Fund. Based upon your recent comments it sounds like this is no longer a safe place for keeping cash. Will there be new advice on where to keep cash held for emergencies and awaiting future investment direction?

Larry, isn’t buying foreign stocks or international stock funds that are denominated in other currencies some protection against a falling dollar, even if the fund managements are located in the U.S. or the stocks are purchased on one of the U.S. exchanges?

And what about platinum?

P.S. Today the USD and the Swiss franc reached parity…

Janet

MR.Edelson: I need to know what to go into,does a timber land investment in panamqa make sense? I have heard that a new world currency will be based not on just gold and silver but all natural resources including timber. this would also give me a residency permit in panama. Do I have to worry about panama and belize because they are us dollar based? Also why are investors so worried about the us dollar? why not pond and euro? i understand their economies are even worse than ours and deficit too!! I am concerned about too much gold in case government confiscates. Last but not least I hope you’re not offended i read you and elliot wave int. they say we will see a major 1 year dollar rally with gold facing a dip as you say. I am not worried about the dip i’m holding for the long haul but i thought this would be the prime time to buy other currencies, gold ,land, foreign property ,:whatever. what is your thoughts: should i wait for this? You and ewi do not think the same about inflation and depression it will be interesting to see which wins however 1/2 od my money is going to your advice so i have a great amount of trust in you thank you for your excellent advice I will be anxiously waiting for your advice. Also one last thing do you recommend retirement accounts to shield from the taxes or do you think they asre risky like ewi?

My debt level is rather high — two mortgages and credit card debt — but my home may still be worth enough to pay off nearly all my debt. My job seems quite secure at this point, and I’m able to service my debt. But, if my cost of living skyrockets without an increase in my pay, I’ll be in trouble. Would it be better to sell my home to get out of debt, and then rent, or keep my home and hope for the best?

What do I do when my entire retirement is in mutual fund, like Fidelity? They seem don’t have much of the choices you recommended. But they do have natural resources, Gold and something foreign like the Canadian fund profiles. Should I get those? Their Gold profile is not in physical gold but in gold stocks of the producers and so on. Do you think they are save?

By “foreign stocks” I mean countries.

Good Article Larry,
Couldn’t agree with you more…
Look at it this way: The original States’ massive Revolutionary War debts were rolled over into the new Union under the the tutelage of Alexander Hamilton. The same will hold true for the USA, moving to the Global level.

As a family were does our money need to be invested to protect it?

The small investor is caught between a rock and a hard place, to use a traditional phrase. What we need are investment recommendations to take advantage of the dollar fall, without undue risk from further Market downtrends. There may not be such a recommendation. But, I hope there is and I’m waiting for it.

With the recent fantastic gains in the Gold stocks and natural resources investments you have recommended, I hate to loose the money you have helped me gain. Are you looking at upping our close rates to hold onto the great gains?

Larry, I have been following some of your edification on the markets, economy and investments thru newsletters for some years now, and I believe what you are telling me and I agree.
That said, I have been doing well with much of my portfolio in Corp Bond Funds, with the balance in Gold and Silver.
My question is………….as I certainly need some diversification and don’t choose to throw all my money at gold and silver…….. so how do I invest in other than US bonds to obtain some sort of similar return as the U.S bond funds?

Your warnings are loud and clear. What asset classes should ones wealth be distributed ? Some are obvious and not all is clear as to how the demise of the dollar will come down, but perhaps you can expound on the diversity of holdings that you feel will give the best chances of protection. Your ideas about which assets are most vulnarable would also be appreciated.

Aim: To structure an estate to provide for an income to a sole heir for 30 years down the road. This heir is not knowledgeable in matters of personal finance. Current fixed income returns are more than adequate.

Problem: Inflation down the road will diminish the value of present assets, which would produce insufficient income.

What class of investments would be most suited to providing an income which keeps pace with inflationary trends.

Hello Larry,
Does the term “dollar denominated” refer to all dollar investments or just the U.S. stock market?
Thank you, koop-kun kap
Moha-ry

When the dollar does collapse what currency or asset would hold its value or rise in value? I know gold may be one such investment of that sort but what mutual fund or ETF, if any would hold or increase in value. Should all Mutual Funds be closed out?

Hi Larry:
I am a Canadian with a US bank account enjoying buying and sellling US $$ to take advantage exchange rates. I agree all the factors are pointing to the US dollar crashing (not sure how far) a couple questions;
1. Do you think this is a push for the North American currancy (US, Canada, Mexico)?

Thanks for your time

Larry,I am an old man, at the end of my string - I need good advice. Thank you

I have a solution to your readers on how to protect their investments. Open a Canadian bank account and invest in Canadian dollar investment. The Canadian dollar will maintain its value based on a resource economy.

I have followed you for the past year; Your Real Wealth Report has made me significant gains and I thank you. With the concern for the dollar; what are a list of items that can take me out of the dollar or use as a defense for a falling dollar?

Thank you for sending me e-mail updates on the world’s current view of the U.S. dollar. Where can I get more specific recommendations on investing our money safely?
T. Ngo

You said that dollar is gonna collapse. I agree but i feel not against all currency. The euro and the pound are also very vulnerable. do you agree? i have reports saying that next month there is a huge crash coming on the euro and pound. do you agree? can you advice. also since gold broken the triple top is said to poise for the 1200 to 1300 level before any profit taking. Furthermore, there is said to be that the dollar and gold will rally together changing the general inverse relationship between dollar and gold. pls provide your views

Dear Larry,
Like many of the other comments, where should we invest ? In addition, I am leaving in Europe which makes it different from a US$ collapse point of view. What is going to happen to the Euro.
Thanks in advance and please keep on informing us as you have been in the past.
Best regards

Hi! Larry,

I at this point can not afford to buy GOLD, silver maybe, but not Gold. Would it be prudent to buy EURO’s just to have some fiat currency in the inevitable demise of the Dollar. I definitely am going to purchase tangible silver, and have it delivered to my home, but I also wonder if having EURO’s would do me good. What I’m undecided on is this, that if the U.S. Dollar collapses, then wouldn’t the other currencies world wide. Will there be a domino affect? Thanks!

Robert

OK, I believe that the dollar is going to fall. Believe it is all in the Bible. Now how do I protect the money I have. What is the best way. Have it in CDrs. Is there anyway to protect what I do have.

My mind is on overdrive now! Say, the US dollar gets replaced by a World Currency, what happens to the value of gold/silver coins? WHAT IF….ALL the world’s economies, like a delayed reaction explosive charge start having the same problems of mismanagement by their governments? What about all the Banking instruments, ie. Credit Default Swaps, Derivatives? When they start crashing down and the dollar goes down with it…..what can the Average American citizen do to protect what little they have, house, car, etc.?

Thanks for your insights Larry,

With a samll international business that is based in the US where is the best place to put the money? And what can I do to advise my employees about their situations with savings, retirement and investing in their 401K?

I look forward to your comments.
Scott

Larry,

The only money I have is in a ROTH IRA account that I use to trade in stocks,ETF’s and options.

I also am in quandary, should I invest in (GLD) long term options, (GSS) and currencies options via (FXC),(FXA),etc to maximize what small amount that I have.

Walt

I have all savings in stocks bonds and mutual funds. What investment changes would you suggest? What % of my portfolio should be held in gold and should it be in bullion or coins? Thanks

Hello Larry,
Does the term DOLLAR DENOMINATED refer to all dollar investments or just U.S. stocks.
Thank you

Larry,

Most of my money in taxable account are invested in Canandian Roalty Trusts.
How you fill about safety of Canadian dolar ?

Stanley Dzierzega

Questions like above comments what E.T.F. currency fund or are there available money market accounts in foreign markets can we invest in under FED’S restrictions.

Larry, Read Mr. Weiss’ book on protecting assets in a depression, and while not a financial expert, got the impression that the big threat was deflation and I should protect by getting out of stocks and buying treasuries and long-term bonds. You state the big threat is devaluation of the dollar via inflation - assume protection with non-dollar denomiated investments and, perhaps, precious metals. My question is if, since the book, have conditions changed such that deflation is no longer the chief concern? So, in other words, do you think you have resolved the inflation vs. deflation debate for the time being and feel the real threat is inflation at this time?

Thanks!

Larry
Where do you recommend that I invest?
Thanks,
Tom

I am menber of your Research Foundation and my wife and I are holding over a million in municipal bonds with very small amounts of gold, some other bonds and a few stocks. I have 3 condos that I rent on nighty rental. Please advise me what action I should take. Lloyd McCarley

What ETF, or other, should we use if we think the dollar is going to go down?

Larry, SHield my wealth? You’ve got to be joking! What wealth? I have already been wiped out. I am struggling to live day to day on $718 capped US dollars. The money is from the government and $718 is the most they will allow me to have. If you or anyone else were to give me $10 - I would have to reporet it and they would reduce my government check by $10.
My question to you is this: “For those of us dependent on the government and receiving what little we get in US Dollars, what happens to us when the US Dollar collpses?”
I guess I am “fortunate” to not be able to stockpile massive amounts of US Dollars from my check eack month, but I am concerned about paying my bills when the US Dollar collapses.

What currency would you recommend that I buy from my bank in order to replace the US Dollar?
I am thinking about buying Yen or the brazilian real.
Or do you know of a better Idea?

So for un unsophistocated investor, what is the best way to get into metals?

ED

Looks like this is the time for Americans to cash out of what’s left of our measly 401K and buy gold, huh?

Larry

Hi Larry,

I have recently subscribed to your Real Wealth Report.

I really think you have hit the nail on the head as to the collapse of the US Dollar.

What investments can you suggest that can take advantage of the dollars collapse besides Gold.

Is there any ETF’s or options that would profit from the dollars collapse?

Thanks for all your efforts.

Art

Larry,
Lately, you have be suggesting that you anticipate the possibility of a pullback in gold, and seem also to imply that this might also represent a reprieve in the free fall of the dollar. It seems that the only time there has been any appreciable gain in the dollar has been when the markets have been in free fall.
Can we infer from this that you are anticipating a move down in the major indexes soon? What do you see as a catalyst for this move (around 10,000 in the DOW?). How steep a decline do you expect and in what time frame would you look for this development to occur?

Your insights are always appreciated.

MC

I have read with interest your comments regarding the U.S. Dollar and agree that current and past administrations/Fed/Treasury have conspired to weaken the dollar over time (regardless of their rhetoric). One other way that the politicians could balance the budget, other or in addition to weakening the dollar, is to revalue the storhouse of gold presumably held within the borders of this country. Gold claimed by the Treasury to have 261 million ounces is currently valued at $42.00 per ounce. Treasury calls this asset worth only $11.01 billion when, if marked to market, would be worth $265.43 billion. That would be about 13% of the value of the entire Fed’s monetary base if gold is included in the calculation. In 1980 at $850 per ounce, gold represented approximately 56% of the monetary base. While no conclusions may be drawn from this comparison, if the Fed continues to monetize at an ever-increasing rate, the impact will be to continue increasing the price of gold in depreciating U.S. Dollars until it peaks at some percentage higher than the current rate. At that point gold could be used to rebalance the debt (into another currency?) as U.S. Dollars became worthless. This all presumes that Treasury really holds as much gold as they claim, given the fact that an audit of the country’s gold reserves hasn’t been conducted since the semi-audit in the 1970’s. Hopefully we, as investors and fiduciaries, will be able to provide effective strategies that safeguard our assets in these turbulent times. Any thoughts about utilizing this country’s gold in balancing the debt?

Larry,

The $ will be part of the the new SSCI coming up.So it won’t lose total resevre status.

If you are in debt, max it out and pay it back with a greatly depreciated $.(That looks like what the Gov. plan is)
If you have assets in $,get out while you can.

Thanks,CM

It is advisable to have assets in precious metals. If one invests in these through ETF’s (GLD, SGOL, SLV.etc.), what impact does the devaluation of the U.S. dollar have on these investments, since they are held in this currency?
Thanks, Larry

In addition to gold, natural resources and agri companies, what is the strongest curencies to buy? I have some canadian dollars (FXC). I wanted the aussie dollar but missed the darn thing much lower

So what do we do with and where do we put all our cash we have moved into?

Larry

Your analysis and predictions for the dollar are prophetic.

In the past you have recommended purchasing CDs in stronger currencies like the Australian dollar, Swiss Franc, even the New Zealand dollar. How does one go about accomplishing this? Also what are your thoughts about investing the contents of a traditional IRA in gold?

thanks and keep up the good work. It is nice to have someone giving it to us straight.

John Jones

Can you inform me which western currency is most devalued vis-a-vis the dollar, and is most likely going to surge in value when the dollar goes down, and which NYSE stocks are based on that currency, at place of issue? No ETF’s please–I’m too “spec” shy, and don’t like quick in-and-outs.

Should we be buying real estate, selling real estate, stocking up our pantry and how much time do we have to accomplish these things?

dear larry

if the dollar goes down will the stock market go with it ?

Larry,
Unfortunately, I am a senior and am too old to emigrate from this disaster. I have followed this downward spiral for several years (since 1985) and have done all of the “right” things, BUT I feel that no matter what I do to preserve my wealth, the ULTIMATE result will be confiscation by TAXATION. Our government will ensure that we all live at the same level. Why Try!!!
This really is quite hopeless.
Harley

How would this potential collapse affect related Dollar currencies, Canadian, Panamanian (Rep.) or Australian etc.

I have a large amount of financial assets denominated in Swiss Franks. Although I am more comfortable with the Frank than the US dollar, my comfort is not complete. What do you think of hedging my Frank holdings by buying Australian dollars with Swiss Franks in my Forex account.

I would like help to diversify. Largest assest is a 401K and IRA (self directed) but choices are limited here. Even “mystry money markets” inside them are not safe. Seem like we are stuck on board the ” wall street system”. Where do we go with these? Gold mutual funds?

I agree, time is approaching fast!

Larry, I would like to see a more regular short-term trades in the cycles portfolio (Foundation Alliance). The short term trades are fine but I’d also like to see some recommendations that would catch a major, sustained trend where it would be possible to layer into the vehicle more significantly over a longer period of time as the price moves up. The really significant money is made averaging up on a major, sustained move over a longer time frame. Yes, this would entail a larger portion of ones portfolio to become invested but risk can be managed through keeping the stop loss above the average cost. Feedback?

What can we own in addition to gold, to protect savings from the dollars collapse? What about farm land or agricultural commodities or real estate? Thanks

Hi Larry,
I have appreciated your advice & comments via your Real Wealth Report and Uncommon Wisdom report. However, I live in the UK and have bought most of my Metals i.e, Gold and silver mining shares & ETFs via the NYSE. What should I do now since these are denominated in US Dollars. I own the following : SLV, GDX, ABX, CEF, EGO, GG,& NAK
Your advice will be very welcome
Many thanks
Ann D Joseph

i’am in iraq at the moment…and i am hearing that the iraq dinar is the best thing to invest in right now….i also hear that it is best to invest in gold…i don’t really no about investing..can you point me in the right direction..and do you have something to help me…thanks in advance…and god bless you and yours.

Sadly, I think the collapse of the dollar is inevitable and action needs to be taken quickly if one wants to preserve their wealth.

My retirement fund doesn’t allow direct ownership of material gold. So, I have to invest in gold thru ETF’s and the like. My question: is there a fund I can invest into that values (or purchases) gold through a monetary unit other than the dollar? If so, is that monetary unit a better option?

Hi Larry. I don’t have much savings now (lost it all), but I am neginning to rebuild. If I’m working with small sums ($700/mos to save), what is the best way for me to diversify out of the dollar?

hi, Larry thanks for all your information.
I agree with you regarding dollar’s demise. In your opinion how long would the process take? Should we diversify out now except for the cash we need for regular expense?

Another question for people who have 401k etc but who has limited choices in thier 401k, like the standard american companies-ie large cap/small cap, bond, but little international funds and no natural resources/gold choices, should we even bother to fund the 401k in this case(the only benfit is the tax break at present time)

Do you foresee our country in turmoil given the probability of demise of dollar? if so, should we consider taking portofolio outside of states, say into canada?
God protects all of us.
thank you for your insights. I only wish that I have know about your services sooner

I am retired and have money in IRA’s and Gov’t Savings Bonds. Should I cash in the bonds and buy gold? Also, I’ve seen ads about backing IRA’s with gold. How does that work?

What is the best more stable in the longer term foreign currency to move into and out of the dollar. Would that be the Swiss F? Thanks

Will we still be useing the dollar to buy and sell in the U.S.? Or where should we put our dollars?
Or will they be useless?? Thankyou, Larry.
rose

Hi Larry,
You say to get out of the dollar and into gold commodities etc. But aren’t these demoniated in US$ ?
So my ? is how or what do you invest in thats not demoniated in dollars?
Thanks
Dick

How about turning all the US into Canadian , would they suffer the same collapse ?

I have about $25K spread out in,
Capital Preservation Fund MMF CPFXX, Vanguard Treasury MMF UMPXX, U.S. Treasury Securities Cash MMF , and Fidelity U.S. Treasury MMF FDLXX. In light of what you have reported, what should I do with these Funds, if anything? Two are IRA’S. I am 88 years old. Stanley A. Clemenz

What is your opinion relative to employing inverse ETF’s such as UDN (U.S. Dollar bear), FAZ (leveraged financial bear) and BGZ (leveraged large cap bear)? Also, what do you think about AGQ (leveraged silver bull) and ERX (leveraged energy bull)?

Hi Larry,

Thanks for the info - I always enjoy reading what you have to say and watching you on the telecasts - you have a no-nonsense approach to providing advice. Now, having said that I realize you (your company) makes money by providing specialized advice/recommendations but…how many “special offers” can we really take advantage of at the same time?? I just signed up for “Superpowers” and I’m trying to figure out how to cover all the bases without going nuts. It would be nice if you (Weiss) came out with a more general portfolio building advice publication including buy and sell instructions for the “not too savvy investor” who doesn’t always have the time to spend looking at email every day. I’m referring to someone like my father who would become too overwhelmed. As far as I’m concerned, you & your associates do a terrific job! Regards,
Joe.

Greetings Larry!
I am feeling a bit overwhelmed by all of this. My money for retirement is in a 401K and a rollover IRA (Total 104,000). I have a small cash cushion of $7000.00. I have no credit card debt and a secure job. I am 7 years from retirement. What should i be doing???
Thank you,
Helen

Please give where to put money but also what percent of ones total.

Larry, thanks so much for all your good information. I have been concerned about my monies but i am now seriously worried about my finances. I have been a subscriber of yours for some time and I appreciate your veiws, I also subscribe to Dividend Superstars and your Currency reports.
Here is my circumstance. I have just turned 70, am still working. I have been working toward capital preservation for some time. I have a considerable amount of money (considerable to me after having been out here in the workforce for 52 years) and am now totally perplexed as to how to save my life earnings for myself and my children.
I have some money with Weiss in Short Term Treasury’s (are these now in trouble)? I have a seisable 401K at a former Employeer, (Exxon Mobil), I have an Ira and regular trading account that I have concentrated in natural resources and Gold and silver etf’s. I have several CD’s with banks.
I have tuned in to most all of your Video teachings and have learned and enjoyed those. However, I have not found just the right vehicle to suit my needs.
I am exploring the possibility of getting someone to manage my funds for me but I need the right vehicle. I will possibley need to draw from these investments to help toward my retirement. Will there be something new out there that you feel would suite my needs.

Thanks so much for all your good advice. Trish Ivey

I am a 65 year old single woman who has about half in short term treasuries, and half in cash. What should I do with the cash? What will happen to social security payments?

It is indeed a worry. On one hand it looks like I can pay on my mortgage in depleted dollars, which I think would be an advantage. On the other hand increased taxes, food costs, transportation costs, etc look to be very harmful. We are already seeing grabs for $$ in our local govenrnment’s tax collections. They state property values rose $12% in the last year. They now have my tax basis on my home $43K higher than the price at which I can hope to sell it. No appeals worked, so I am stuck. I doubt they can find anywhere in this whole country where property values have risen, and while Tuscaloosa, AL hasn’t been hit as hard as some areas, we certainly are not immune. It is actions like this that put those of us just barely afloat, in danger of going underwater like so many before us.

Hi Larry
The collapse of the dollar is not neccessarily a bad thing. No new world currency will come into being without the dollar forming part of the basket. This will place the dollar on a more equal footing with other currencies. For to long have some countries kept their currencies artificially low at the expense of the American economy. The ideal trading relationship is one where countries compete on economies of scale and not on manipulated currencies. Ideally countries should import as much as they export. The Chinese by elevating their currency runs the same risk with a strong yuan that Americans have with a strong dollar. (Cheap to import and expensive to export) A weak dollar may even have the impact of attracting lost manufacturing and shift jobs back to the US. People with jobs have money to spend and a country that exports more than it imports grows economically without having to make eccessive debt. If you continually spend more than you make at some time you run into financial difficulty. If you continually make more than you spend you save and grow rich. Simple mathematics.This is true on the most basic household level as well as the macro level.The real problem is with irresponsible democracy and polititians continually having to please voters with promises of more for nothing. A responsible leader will tell his voters that they have to tighten their belts and work harder for prosperity. Responsible voters (consumers) will believe the message and actually do that. Can you ever imagine a polititian getting elected on such a ticket in the US? I can’t.

We have become so used to spend (a lot) now pay (much much)later. And, oh boy, is the next generation (our kids) going to pay. They just don’t know it yet.

Paul

Just a quick acknowledgement. Thanks for the article - EXTREMELY valuable.

How do you help? Tell us where to invest the dollars we currently have so that we are no longer exposed to the dollar demise.

Thanks Larry

Larry, what do you do with the savings in a company 401k? That is where most of my retirement income resides. My options within the plan are very limited. Most of my other investements are cash in Money markets and regular savings accounts. Where should I put them?

Larry… I have placed my investments as much as possible into s.e. Asia, mining and metals, Brazil all etf’s and evaluation of my portfolio shows about 40% u.s. dollar envestment. I’m also about 20% in gold and silver also. I’m finding it difficult getting out of the dollars. The cash fund is in dollars also. I still don’t fell like I’m still safe from a dollar drop. Rod

I own a lot of residential real estate in the small town of Grants Pass, OR. Pop about 30,000
Half of the properties are paid for , the others are paid down to 25% of current values.
If the dollar tanks ? Where do I stand ?

Dear Larry,
Thanks for this warning. I am a Dutch investor and have quite a vieuw stocks (25%) in USD (mainly basic materials) in my portfolio. I intend to hedge those by currency-exchange contracts (futures EUR-USD).
Further more 25% is invested in Gold-trackers and Goldmining stocks. App. 25% is invested in Asia and S. America (China, Taiwan, India, Brasil) and the rest in Cash.
Do you advise me to change something or can I make a nice vacation now?

Thank you and my warm regards!

Frans Hartman

You could help fund my way though film school, in order to become a producer to create a version of my Chinese friend Alex Chiu’s ‘World Corporation’ plan that has a copyright, which dates back to 2000. I believe we could create a Hollywood Blockbuster that’s not based on a capitalistic democratic society operating in a system, which has a central bank and taxation, but a democratic capitalistic society that progresses under an insurance-policy–a central corporation that mixes the world’s armies into 3 separate corporations that act as a patrolling force requiring %75 of a country’s population to vote before there can ever be a war, unless in self defense– thus stabilizing globalization’s progress :-) regardless of our global reserve currency we can always just sell the country & eventually China will follow us! ha ha ha Lol

dear Larry !

I have a small position in USD where I trade some stocks. The position is around 10 % of my capital. do you advise me to sell straight away my stocks and change the currency to Euros ? I think we might well have a bad surprise with the USD, but don’t you think that the European Countries are printing the same amount of money as the US ?

Should you help with any answer to your blog, I would be grateful. best regards

I know you recommend putting money in gold and other commodities to protect agains the fall of the dollar. Since you would not put 100% of your money into these vehecles, and If the dollar is going to tank like you say, than what currency or currencies would benefit most from the dollar collapse that we can exchange dollars into?

Larry,

12 years from retirement, what should my portfolio look like and what components should it be constructed with given your prediction. Based upon “old school” data it is constructed to get me there now, but your prediction certainly changes that!

Thanks,

Rob

Larry,
I agree with your predictions but I think the trajectory may shift a little. China is doing a dance now but the fact is, they have manipulated their currency to keep it low so they could continue to build nationalized wealth using their low cost labor to flood our markets with products no one in America could match on price. We let this happen and go on for way to long and now we must get our trade deficit turned around. Will this cause some pain for the world that wants to keep selling what they produce at labour costs that most Americans would shutter to see? Sure it will. Will it drive up what we pay for imports? Yes. But we can not just keep shipping money overseas. Our trade must be balanced and as a nation our exports need to grow significantly. This is really what lies at the core of our economic issues.

We are just consuming and not producing in this open world economy. When we get back to surplus exports the dollars decline will end but most likely not until then regardless of what other things DC does. Sure some of us can beat the odds and your help is greatly appreciated but what I would most like to know is what US companies are hands downs world class winners that are doing gang buster exports? I want to put my money in the companies that can beat China, Asia, South America fair and square and do it by producing in the US with US workers. If the dollar continues to drop they are going to become the next wealth engines.

I’m sure you will provide us with some great suggestions.

Thanks for all your guidance.
JW Cliff

IS GOLD MINNING STOCKS THE BEST WAY TO HEDGE AGAINST THE DOLLAR DEMISE?

I agree with your views, the gov’t has painted themselves in a corner and there’s only one way out. What can we be investing in today that can get us in shape for this?? You’re bearish on gold in the short term, and we should be avoiding dollar based investments (US stocks), but what are your views on the Chinese stock market and other emerging markets (sad to think, that could be them referring to us someday…). Will they pull back when the US market sinks creating a buying opportunity or should we be be building positions now??

Can you advise me on the safety and security of depositing money in Australian and/or New Zealand banks? And, can you recommend some?

Are you saying that this is the time to buy gold coins?

What happens to the debt to other nations when our dollar fails, “and I believe it will”. Were there any collateral connected to all this debt? I don’t know how all this works. Please tell me what happens to our Troops overseas. What happens to our nation as a whole. Has a plan been put into place by Washington to address the mess that will come from the collapsed greenback. Thank you for addressing these concerns.

This is very scary. I have a little over $50,000 dollars in a 403 B account through employment. I am 72 years old - still working. Do you think I could withdraw this money now and do you think I should invest it in silver or gold?

What do we do to safeguard ourselves?
Thanks

……..I couldnt agree with you more !!! Our non-representing self interested so called representatives along with the Federal Banking system has raped the taxspapers of this once great country that are grandfarthers grandfarthers have worked and died for. Also the only thats gonna get these non-representing self-interested so called representatives out of the white house is gonna be a revolution cause that are doing whats best for them and not us.

Dr. Lott

stock up on guns and ammo….

If what you are saying is true, then a reasonable course of action would be to put your money into a Chinese bank account denominated in Yuan. How can this be accomplished?
Ditto for a Euro denominated account.

Hi Larry,

I would like your expert advice on where to live for the next 10 to 20 years in the US. A little background on me; I’m white and 49 years old, In good health and have trimmed down, recently divorced, lost the house, the only debt I have is 3,200.00 on a visa card, and looking for a job. Presently, I’m living in the Southwest suburbs of Chicago with my parents. Obviously, I don’t want this to go on for too much longer. The cities that I have looked at so far are the following;
Dallas, Texas
Omaha, Nebraska
Raleigh, North Carolina
Portland, Maine
Hanover, New Hampshire

I’m an ex UBS employee who worked in IT all of my career. What choice would you make and why?

Larry,

Seems like a bit of wheat or other long-storage grains under the bed might be prudent. You can’t eat gold.

I am about to enter into a contract to sell some commercial property worth 2.5 million. It won’t cash out for a least 18 months. How can I protect the value from the dollar collapse? There must be language I could include in the sales contract to get paid in some other denomination…ritht? If not what? I need help now!!!

Hey larry, I have been reading your newsletter for the past 6 months, It all is very scary business, what you are saying. If the us curency goes to hell, then every thing we have would cost more to buy would it not? seems to me the value of hard assets (real estate, ) would cost more and keep up with inflation, along with comonities. I have 2 million in cash what a guy to do?

Larry, Unfortunately I believe your fears and predictions are correct. None of us has a crystal ball. However, anyone who has been in any form of business knows how value is created. Those in politics and government sadly have a very limited knowledge of how value (not dollars and debt) are created. Personally I am looking outside the United States to secure and develop opportunity here in the country. It is a very sad day we are headed for; those with the least will suffer the most. Be nimble, diligent and persistent. Good luck. Geoffrey Boynton

I have appreciated your insight for eight years. Although some of your economic predictions took several years to materialize, I think you are right about the dire circumstances the dollar is in. I am concerned about my family’s finances and investments when the dollar crashes. I have close to 25% of my portfolio in gold and natural resources, but I am always interested in finding other ways of protecting my investments from a dollar decline.

thanks for your work and insight Larry. I sense that you care, which is hard to keep in the equation when having to focus on numbers and out-think and out-maneuver unethical behaviour.

Hope you can address these considerations in your advice on how to protect personal hard-earned assets against ruthless greed and the destruction of the dollar:

1. Own gold and silver: which will gain value the fastest, in the early stages of the public’s revelation of dollar destruction, and as China & others convert dollars to precious metal? My window of asset protection is 12-24 months before I convert it to land and farm and home –it is this period that I want to preserve our assets in PMs –should that be gold or silver? or both, in what proportions?

2. Own metal in US or foreign vault? Keep it in a local bank deposit box? which is safer from US confiscation? will we still have access to out of country storage?

3. when to invest in the new energy paradigm and where? peak oil is roaring down the tracks and we must have new technology and infrastructure in place for the new fuel, renewable energy: rail (light and long distance), electric and electric hybrid cars, trucks, bicycles, train engines, small-organic-family farms close to the market, homes which or modest in size but large in function and which are durable, energy-independent and materials-efficient, relocalized manufacturing especially of real goods and energy technology (solar-wind-geothermal-ocean energy tech, clothing, building materials, labor-saving devices). What companies and innovators do you see as the survivors in the run for the renewable energy future?

4. How to invest to help America, not just make bucks in a potential Asian boom? All that I’ve read says quality of life in paradigm shift will be measured in community, people pulling together and being resourceful to gracefully weather the inevitable wealth and material-constraction of power-down to renewables until the efficient renewable energy paradigm is established. While I want to preserve my assets so I can stand on my own feet and then help others (put the airplane oxygen mask on our face first, then assist others), I want to help others and get the plane down safely –America is where I want to be and I want to see people safe and thrive.

5. Ethical gold mining investment: How do I know which companies pay a living wage, help the future of their workers and steward the land?

I currently have 76% of my assets in cash and short term bond funds (TIPS fund, GNMA fund). Included in this total is about 10% in the MERC Hard Currency Fund. I also have 5% in gold and silver funds. Are there any other better ways to protect myself against the collapse of the dollar besides MERC and gold / silver?

Larry - to diversify away from the US dollar, we would have to invest in stocks, bonds, CD’s etc. by converting US dollars into another currency, then purchasing the bond or CD. Correct ? It would serve no purpose to invest in an Australian bond or CD that is based on US dollars. True ?

READING SOME OF YOUR BLOG I NOTICED THAT YOU MIGHT BE RECOMMENDING THAT WE SELL OUR REAL ESTATE HOLDINGS.. I AM A LANDLORD.
I WOULD THINK THAT HOLDING REAL ESTATE WOULD BE A WAY TO RIDE OUT THE COMING DOLLAR CRISES.
WHAT DO BELIEVE I SHOULD DO?
THANKS,
LEN

if you are cash heavy -where do you put it?

I have read your comments and am concerned; however the devaluation of the dollar or in the
extreme, the switch from Greenbacks to “Redbacks” has been talked about especially by some
religious leaders as imminent. Most of us who are on Social Security or are receiving Veteran’s
Disability Pensions are worried about how our only visible source of income could disappear
overnight. There is very little we can do to maintain our lifestyle if we have a complete monetary
collapse. What value is there in having some money in savings since it too could be worth very
little or nothing? Our “equity” is our home, furnishings, vehicles, and collectables would not be
worth anything. Having a garage sale would be wasted effort unless we just give away everything
and trust in our CREATOR as St Francis of Assisi did!

You seem to be an intelligent and caring person so what do you suggest that we do? I fully believe
that the current government is nothing more than a bunch of “what’s in it for me” elected officials
we thought would do the right thing but the entire electorate have surrounded themselves with aides/ czars, advisors, and so called experts that are all there to line their poclets at the expense of the
lowly taxpayer. I am tired of being lied to about the recovery of the economy when any person with
common sense can see the failure of most of our trusted systems such as“““““““““““““““““`
unemployment, tax cheats, votor fraud, intimidation of voters, promised health care reform that will
not happen since there will not be enough medical doctors to care for everyone, the ruination of the
insurance industry, the takeover of our most significant industries, and the spreading of the wealth.
There may not be any wealth to spread.

Am I supposed to put all I have into GOLD which is being promoted by a Watergate Ex-Convict? Am
I supposed to withdraw all of my meager supply of greenbacks and bury them in a coffee can in the
back yard when they could be replaced by “redbacls”????? What are your solutions or do you have
any sensible ones? I might suggest that you get your story and advice on the Glen Beck program
since he seems to be the only trustworthy commentator who at least is trying to shut down some of
the corruption. Les Easley

Since China and various countries in South America are starting to trade around the dollar, how about Mexico and central america? Do you think that the Mexican Peso will tank along with the dollar or is there some plan a-foot.

We are retired and have domestic and foreign stocks, municipal bonds, gold ETF, residential rental property, and certificates of deposit in a local credit union. The credit union account is sizable, and I would like recommendations for reallocating those savings to protect them from dollar depreciation, while maintaining their liquidity.

Larry, I have about $120,000 in gold and silver coins and large investments in many gold, uranium and silver mining companies like Kinross, Yamana, Agnico-Eagle and Iamgold to name a few. If the dollar tanks what happens to my investment in the mining stocks and what would I do with the coins?

Thanks in Advance.

Jeff

Larry, First of all let me thank you for sharing your thoughts with us, I`ve followed your comments since November of last year and you predicted all that has happened much better than ANYONE ELSE at Weiss Securities. Now, if I`m understanding this we should watch for the dollar to start back up, invest in UUP, when it starts topping out we should sell UUP and buy physical Gold, as much has possible. As the dollar rises Gold will fall back giving us our buy in for UUP and when the dollar turns back down we buy Gold at its now lower price. As you can probably tell I`m, new to trading and can use all the help I can get from you, Thanks, Kris N

Well, if what you say is true, I’d imagine it would be time to convert the few thousnds I have in Federal Reserve Notes into a currence that will be viable in th future. Whic currency will that be? Swiss Francs? The Swiss seem to quite wise, re money and currency!!

Other than a few investments in China - China Mobil & EDU, I am mostly invested in American companies. I don’t really want to go into foreign currencies (I don’t know enough about that).
Where else should I be invested?
I do have some gold.

H

It seems the only protection is in gold and silver. Question: will gold and silver stocks offer protection? Or do you need to invest in physical gold and silver?

In view of all the questions, what are your answers to protect our retirement/investments?

How do you feel about FGMAX and FTRGX. Is it time to sell these funds and move to a position less exposed? What would be a safe play?

What do you do with a 401K and a pension lump sum, in order to protect it? Liquidate and put it into physical gold? Will things get that bad that that might be the safest option? How about gold stocks? Will they fall with the general stock market? Is there another option? How about CEF? I keep hearing that there are tax consequences with that particular fund. So what do we do?

It seems to me that I should cash in enough stock to pay off my mortgage and get completely out of debt. Also, continue putting money into commodities, gold, silver, oil, gas, wheat, corn, etc.
Is this thinking correct? Jim

Larry,

Could you comment on the implications for the value of real estate when the dollar declines in value due to inflation and the possible demise of its status as a world currency? I’m not thinking short term here.

It seems to me that real estate, being a tangible property, should start to go up with inflation AFTER the housing bottom arrives. The housing bottom should arrive primarily as the foreclosures get digested by the system and prices get reset at more reasonable values. After this happens, it seems that inflation should raise real estate prices and thereby give us a place to store wealth and protect it from inflation.

On the other hand, the demise of the dollar as the world’s currency will bring down the value of all goods, real or otherwise, produced here in the US, as measured in foreign currencies. But relative to our own economy, will real estate values hold up in that case?

Thanks,

Sergio

Larry,

What do we do? I have a 20 year old son proudly parking the cash he’s earning into his bank account. Where should he put it instead?
I don’t own a home anymore. I rent in Brooklyn, NY. The little money I have I have been trading and investing via my E Trade account. I figure that’s better than parked in a CD. Now I’m getting nervous. I’m investing in Gold, Rare Earth, Silver, and biomedical. Plus Siemens. What should I be investing in? I’m also trying to advise my middle aged friends, who have no clue what to do with their money besides continue parking it in TIAA -CREF and other retirement accounts. I do read that country-specific ETF’s are good. It sounds as though South America and Brazil might be smart investments. Am anxious to hear your recommendations.

Thank you.

Virtually all of my money is in an IRA. I have very little debt but no cash other than what I take out to live in out of my IRA. I dont have any physical gold. I would like to buy some but in order to do so I would need to pay a 10% penality (i am not yet 591/2) and the taxes to do so. should I do it anyway just to get some physical gold? If so what percentage of my life savings should I do this with and when?
thanks for any help you can give me.

Larry: Thank you zillions for all that you have already done for me.
Now, about the value of the $ dropping. Will the loss follow a smooth curve or will the Fed. Gov. do an over night “surprise” devaluation somewhere along the line?
D.T.

A lot of what I have is locked up in 401b brokerage accounts. How can I best invest it and survive the dollar collapse?

Do you believe that investment in a managed futures program with global diversification possibilities will help?!

Larry,
It would be a GREAT help if your commentaries had more specific stock or ETF recomendations with entry pricing and timed or price exit targets. Generally we all agree the US and it’s dollar are headed on a road to oblivion. The politicians don’t breathe the same air as we, the citizens, and are therefore not listening to us, just the Lobbists.

With limited means, the average citizen must fend for themselves. While we are taxed to support things we do not believe in. The position I find myself in is that losses are devistating while gains only slow the losses. I need to reverse that pattern.

Your advice does help. Keep up the good work, Ron

Do you think we might look at who possesses the money? And, thereby control it!

It appears to me that bankers control the flow of money.

All banks are privately owned.

Including the American Federal Reserve Bank and the Bank of England.

Don’t you think that we could be being manipulated?

A reply would be interesting but I do not expect such!

All the best. Cheers Dave

Totally agree with your assessment of the US dollar-I need some advice on what to do now & where to put my
IRA funds-I am disabled & a 72 Y/O retiree. Should I take monies out & pay off my home mortgage? I’m very
unsure what would be most prudent. Thank you. Peter Werner

Larry,

We are currently in Colombia and can feel every move of the dollar as it drops. We are on a fixed income (Social Security and a few investments) and have very little that we can get to, to work with. We moved all liquid assests to short term treasures as per council from Martin’s book and have some funds sitting in some of the safe money and speculator investments but it is like a paltry amount. Most of our money is locked in annuities that are guaranteed at a certain percentage for a period of time but that are loosing value in the principle. We have a small mortgage that hasn’t yet gone upside down ie value of house is still greater than mortgage but we are concerned about selling. Any suggestions for what to do with the few thousand (literally less than 3) that we have to play around with or with the 10 we have in short term treasuries.

Vicki

Larry,,,you say our savings and investments denominated in dollars will at some point be virtually worthless. As and alternative, where should our assets be housed? Are ETFs in other countries denominated in the local currency? How can someone protect their investments in their 401K?

Ronnie

My husband and I just bought a home in 2007 which I am now thinking was a mistake. If only I had known. My husbands work hours have been cut and so have mine, we are barely making it. I cannot afford to loose what cash we have. It’s not like I can take my cash and invest it. So are we better off to take it out of the bank and keep it at home or what do we do in order to keep paying our bills if the dollar is going to collapse?

How does one short the $ far enough out so as to protect oneself and without too much risk?
Is it even possible? What % of a portfolio should one have in the natural resources and gold?
Thanks,

Dave

Almost all the insight and conclusions you give us are quite familiar to me as I have been on this subject for a long time, and I could not agree more with you.
I am a Canadian living in Canada, but most of the info I study originates in the US. and pertains to the US situation. How do you see the effects of all the dire consequences effect Canada, once they wash over the US?
Thanks so much for the help your readers are getting from you.

William Behrens

Hi Larry,
Your words of warning are alarming to say the least.
The history of the USA has been one of thriving on other people’s conflicts. Will the American Military juggernaut step in with further escalation of massive military spending? Hopefully not and America will learn to benefit from waging peace instead of war.
Meanwhile, I would be interested to know where on earth to put my life savings. I can understand hedging with GOLD and OIL. But where else do I put my saved hard earned funds ? It appears that while the USA seeks to devalue the US$, other nations are following suit. So where do I go with my money ? Any ideas ? I think you have something up your sleeve, so let’s hear it !

Hello Larry,
I realize our economy is based in dollars. Everything is purchased, sold, saved, traded and invested with dollars. You referred to Rome, when its currency (the denarius) collapsed to zero. I’m not financially savvy, but if I purchase gold (as a specific example) in US currency and it (the US dollar) effectively goes to zero, how would I be reimbursed since the currency that I would be paid in is worthless?
Is there a legal way to change your savings that’s in US currency over to a foreign currency that’s either stable or in a growing economy?
Currently, where is the best place(s) to keep you money (savings)?

Larry, thanks in advance for your response.

Larry.I dont know your specific recos. But recognize your collapse in $ confidence. In the worst case, (loss of $ reserve satus). How would a U.S. citizen holding foreign equitys repatriate them gainfully with the $ in mega inflation? Could one by economics, treachery, or international politics end up on the wrong end with an international strategy?

Larry: Your video broadcasts regarding changes in gold & currency values, what you are seeing & feeling, not in a linear sense, but in a dynamic sense are very helpful.

I have a small amount of cash (euros) that is doing nothing with interest rages so low. can i take advantage in some way of the american dollar? or can you suggest what i should do with my savings? my pension is all but lost, so i need to find a way to bring my reserves up to what they were.

Dear Larry,
What does the “Dollars Demise” Mean to me. Does it mean my “Savings &income are gone, completely?
I am almost 70, will I have to take a job to live & pay my house payment? Will people go to work? Will there be any jobs?? Please tell me the truth, I can deal with it!
Respectfully
J.S.

Larry,

The dollar’s fall should soon correct its fall, which will provide an opportunity to add to precious metal hedges against inflation. The same assets are, in the long run, risk free, as they will conserve purchasing power even in a deflation.

Deflation would seem to be the next great threat to wealth, as our dollar is someone’s debt, and much of that cannot be marked to market, when there is no bid. Also, much of that is supposed collateral on the Fed’s balance sheet … eventually requiring more tax revenue for Treasury to bail out the Fed. Without balance sheet transparency, banks will not lend, leaving excess reserves risk free at the Fed, with the small interest now paid.

At sometime, it may well seem the easier path to not defend the dollar or pretend that our national debt can ever be paid. Then a new currency will fund the world’s business in some new world order in which sovereignty is lost and liberty is compromised. Only gold seems secure among tangible assets, and we best diversify by storing future needs which have shelf life, and learning tradable skills. Life will become simpler, without luxuries we have enjoyed.

Not many choices to make here, but the few reasonable ones are very important.

If the dollar will eventually collapse, how do we invest in something not denominated in US dollars? Should we buy foreign CD’s ? Anything we buy will come back to us as US dollars?

Larry
Thanks for your guidance.
I am a very recent subscriber to your srevice.
I am hoping most for help with timing. I trade futures and options primarily, to hedge my assets w/o having to sell those that are less liquid.
Like you, I expect (and have been) a short term rally in DX and drop in Gold, but it is looking a bit remote now.
My primary concern is for help with short term timing of entry and exit for market turns.
Your insight to be short GC with a stop around 959 was good. I used a stop and reverse to go long at that point (since a very clear pennant had formed) and it is, so far, VERY succesful. Now of course, I need a stop and exit strategy for my long position in Dec Gold. This is protecting the value of my US$ and then some, but since sentiment is so extreme now, I see no point in holding a large long if we are to have a significant turn around retracement in metals and currencies.
Thank you for any further insight you many have.
Andy

Is there any way to get the money I hold in my Fidelity and Schwab account to be held in a currency OTHER THAN the dollar? I have asked them on the phone if I could have this done but they say no. How can I place my money in some other currency like the Yuan or the Real for instance, What type of instrument(s), which is available to U.S. investors, will allow me to place at least some of my money in another currency? Can I buy the Chineese Yuan or the Brazilian Real from a U.S. Fidelity type brokerage account?

Larry,

The scenario you describe is more than unsettling, it’s downright scary. I certainly want to do whatever I can to conserve and protect what I have left after the disintegration of a meaningful portion of my assets portfolio during the last couple of years. I own 100 GLD shares that have gained about 30%, and other smaller positions in some other stocks. I’ve managed to stay profitable year to date by trading option credit spreads, covered calls and some long calls and short puts on selected positions. I am anxious to know what to do now to conserve and appreciate my portfolio where possible. I read and hear so many varying opinions on the subject, it’s dizzying! I do not trust our government to do what’s best for we the people! Thanks for your input and advice.

If I have been following you correctly, I believe gold and silver are about as good investments that I can make.

Please give us the steps we must take to protect our wealth and an approximate time frame.

Larry,

The dollar’s fall should soon be corrected, which will provide an opportunity to add to precious metal hedges against inflation. The same assets are, in the long run, risk free, as they will conserve purchasing power even in a deflation.

Deflation would seem to be the next great threat to wealth, as our dollar is someone’s debt, and much of that cannot be marked to market, when there is no bid. Also, much of that is supposed collateral on the Fed’s balance sheet … eventually requiring more tax revenue for Treasury to bail out the Fed. Without balance sheet transparency, banks will not lend, leaving excess reserves risk free at the Fed, with the small interest now paid.

At sometime, it may well seem the easier path to not defend the dollar or pretend that our national debt can ever be paid. Then a new currency will fund the world’s business in some new world order in which sovereignty is lost and liberty is compromised. Only gold seems secure among tangible assets, and we best diversify by storing future needs which have shelf life, and learning tradable skills. Life will become simpler, without luxuries we have enjoyed.

Not many choices to make here, but the few reasonable ones are very important.

For several years we have invested, among other things including some of your portfolio suggestions, in U.S. Treasury “I-Bonds,” in which the yield’s (interest paid) rises with inflation, without negatively impacting the original principle face value investment. For the first time it currently is not paying a yield due to the absence of inflation (as they calculate it). The yield is adjusted every 6 months. Is this a safe place to be as the dollar devalues? Can you address the pros and cons of I-Bonds given your predictions and the likely future of the U.S. economy and government debt situation? Thank you.

Dear Larry,
Thanks for your analysis and concern. I have repositioned my investments so that I feel secure regarding the dollar demise. But should I also purchase some physical gold and silver? if things here in the U.S. get more desparate than we want to imagine would some gold and silver coins be prudent?
Thanks
Henry

Larry,

I was wondering what the younger generation should be doing? I am under 30 and of course do not have alot invested. I have some RRSP’s and have been putting away $$ in savings when I can. I know I have time on my side, so what long-term investments should I be looking at? or even short-term? How will the collapse of the US $ affect other countries..i.e. Canada?

Thanks!

Hi…….my family & i never really had any kind of savings such as cds, bonds etc but my husband does have profit sharing on his job which he had a total of $5,000.00 in. We recently borrowed around $2,500.00 off of it & they are taking a certain % out of his bi-weekly pay checks until it is paid back. We are currently in chpt. 13 bankruptcy & we have always lived from pay check to pay check like alot of other struggling hardworking people…….so my question is what can we do to ensure that our family will be alright in terms of paying our mortgage holder who we just received a loan mod from on time which is the 1st of every month, to ensure our family has a roof over their heads. Husband hours on his job have dropped alot, which is scary. What measurements can we or should we take to ensure our family survival? Should we be investing in something & if so what & where?

Larry, I have noticed over the past many yrs,
every time you start trashing the dollar,
it usually indicates a reversal is near.

In other words the dollar will bottom soon and reverse to the upside,
while golds rise will top and begin its downturn.

Dear Larry, Your comments on today’s video are confusing to me in light of earlier emails. I know you use several cycles but the Foundations cycles showed the dollar resuming its decline around the end of this month and gold turning up. Several months ago you projected gold to drift higher into November and then accelerate much higher to August 2010. Today you were very cautious about short term gold and looked to next year as the big move. What has caused you to change your scenario? Have the Foundations cycles changed significantly? A clarification of why these forecasts have changed would help us better understand your present forecasts and scenarios. Thank you, Joe

I have a small IRA, which is self-directed, should I cash it out now and pay the penalties or should I move the money into foreign funds? If moving them is better, which foreign funds do you recommend?

I have heard many pros, like yourself say that precious metals will retain the value of your money.
My question is, how is that structured?; for example, if the u.s. dollar goes to zero, as I have heard you say, then that would mean any amount of dollars would have the same value in relation to gold or silver. One trillion dollars wouldn’t buy any more than one hundred dollars. How would someone determine what pruice to put on groceries?

Just keep us ahead of the bad news Larry. Just as you have been doing.

Larry.

I am about three years from retirement and currently have 80% of my dollar assets in MLPs, corporate bonds,utilities, CDs and money market. What changes do I need to make (add/delete) from these holdings to protect myself from the dollar’s demise, as you are projecting. About 40% of my 401k is in money market. What are my alternatives with this option? Thanks for your advice. Annie

Bartering may be the answer to all. I’m talking about contolled bartering. we here in Yelm WA do a lot of bartering with each other with organic gadening and necessiities. It really works!!!!!

Hello Larry, I have attempted to shield some savings by buying gold bullion,[eagles-bars,etc],should I decide to purchase gold futures contracts and take possesstion after they expire,what is the proper,least expensive way of doing this? how dangerous is it,what is the minimum amount of one contract,what are the pitfalls in taking delivery,is there a better way of accomplishing the same objective? I’ve read most of what you have already said in the past 9-10 months,belong to all of the weiss services,as well as your real wealth service,own gold stocks etc.,but in the end,when shit hits the fan,[and it seems to never miss the fan,when it hits!],with stocks,etf’s,etc.,you only own a promise,and a piece of paper.Bullion they will have to rip out of my cold dead hands,[thanks-Charalton!]. Also,if ,when markets do implode,what will happen to oil and Gold stocks? Thanks-in advance Larry C.

Larry,

In your upcoming recos related to the collapsing dollar, could you please address how one should handle debt. For instance, does it make sense to pay off a mortgage prior to the collapse? Also, is it logical to invest in foreign government debt at this time, i.e., Canada, australia, etc.

Thank you

I have never seen such disasturas spending by Washington. I am 70 & still teaching because there is not enough money to retire with all the investments going down the drain. The US, which had the best currancy in the world has just spent it self to death. We are going to go into a survivalist role if something isn’t done soon. The common people just do not understand what national debt does to everyone. The only thing I hope is some of the big thinkers start having Washington spenders listen to them. If not desaster for all. the little man will lose everything & all of these entitlements will sease. the poor will not survive & the un prepared will not either. thank you for telling it like it is. I know economics & business. Bob

Thank You Larry
I have a good amount in gold ,i bought is australian dollars , with the rising aus im being killed all i do is sit and wait , what do u suggest

im on disability and only get 790 a month, i only have 12000 saved and am wondering what i can do to at least save what i have. i dont trust stocks, im afraid id lose what i have. ive bought some gold and silver, not much a thousand dollars each and i keep it with me, i also dont trust the banks these days so i always withdraw my money as it comes in.

I always appreciate any heads up warning you give, but to believe the demise of the dollar is near, how can a retired guy protect his savings of like 40 or 50 thousand in cd’s or treasuries or the like? Please address this in a future bulletin. Thanks, Marim

I always read with great depth and passion but i have failed to see the love affair between the UK Pound/Dollar/Euro???
Let me explain: When Euro was the new kid on the block the Exchange rate UK 1.61
$ .91 against the Euro!!This was 1999!
Look where we are now???
I am very convinced that people behind the scenes are fully controlling the Mechanics,The boys who get paid in US bucks for the oil!! someone who gets paid to take down a ‘Lehman or two”
then we have the price of Gold,
Well how is this priced??
The day the US $ is got rid off away from the worlds face,this will be day one will see real change in our World!
By this i mean attitude change within the deeply divided cultures of our world!
You know The USA really believes it is the super power with the World as does UK!
This story of the US$ is nothing new,devaluing it bring some smiles back!
Please keep us in touch when i am getting old,WE NEED YOU!
Best Wishes
Hash

China is between a rock and a hard place. They have acquired and saved dollar denominated instruments, including cash USD to the tune of about 2 Trillion USD. They used about 500 Billion USD to fund their stimulus package, but still have about 1.5 Trillion USD exposure. If they hasten the decline of thte USD in favor of the Yuan or Renmimbi as either a reserve currency or SDR, they risk losing an extraordinary amount of value from the USD instruments thay have in reserve. If they are smart, they will incrementally use the USD instruments to purchase gold and other commodities with stable value until their USD exposure declines to an acceptable level. Then, mount an all out push to have the Yuan/Renmimbi declared the Global Reserve Currency.

Meanwhile, the US may see their stock market continue to climb even though the value of the rise may be eroded by the value of the USD and the increase in prices/inflation. I am led to believe that the bull market of the past six months is being fueled by financial institutions who received TARP funds using those funds to purchase US stocks. Am I wrong? What else can explain the extraordinary run up of stock prices in the face of stagnant employment and production figures and consumer spending malaise (excepting automotive stimulated by cash for clunkers)? Either way, the smart money currently holding US dollars should retreat to gold and currencies like the Yuan, Rupee, and a few others that are inversely related to the value of the USD.
I agree, when the bottom drops out of the USD it won’t be pretty.

My questions have already been posted. I live in Canada. I guess I’m in the same boat as my Amercian neighbours!

Hi Larry.

I have some of my retirement monies in an ING account and while it value has sufferred when the market crashed, my initial investment always makes 7% per year after fees - no matter what happens to the principal invested.

My question now is how can I protect my money further (aside from the 7% guaranteed return), to build the actual monies or at least preserve them? The funds can be re-allocated 12X per year but the categories are typical fund groups or money market.

Jerry

China is between a rock and a hard place. They have acquired and saved dollar denominated instruments, including cash USD to the tune of about 2 Trillion USD. They used about 500 Billion USD to fund their stimulus package, but still have about 1.5 Trillion USD exposure. If they hasten the decline of the USD in favor of the Yuan or Renmimbi as either a reserve currency or SDR, they risk losing an extraordinary amount of value from the USD instruments thay have in reserve. If they are smart, they will incrementally use the USD instruments to purchase gold and other commodities with stable value until their USD exposure declines to an acceptable level. Then, mount an all out push to have the Yuan/Renmimbi declared the Global Reserve Currency.

Meanwhile, the US may see their stock market continue to climb even though the value of the rise may be eroded by the value of the USD and the increase in prices/inflation. I am led to believe that the bull market of the past six months is being fueled by financial institutions who received TARP funds using those funds to purchase US stocks. Am I wrong? What else can explain the extraordinary run up of stock prices in the face of stagnant employment and production figures and consumer spending malaise (excepting automotive stimulated by cash for clunkers)? Either way, the smart money currently holding US dollars should retreat to gold and currencies like the Yuan, Rupee, and a few others that are inversely related to the value of the USD.

I agree, when the bottom drops out of the USD it won’t be pretty.

I understand the seriousness of the dollar’s decline and the implications of high inflation. I am now retired, and much of my money is in roll-over IRAs and an indexed annuity. A question I have is ‘will my indexed annuity’ serve me well in this coming crisis? If not, what should I do with that money, and will I be able to follow your recommendations in an IRA?

I see no way for you to advise other than that I should hold physical gold and silver. The other commodities other than metals are not really practical to buy and store.

My bank has a current C rating and its affiliated brokerage is one of the smaller ones, not a top-rated one on the Weiss ratings (as of a month or more ago). . I have considered switching brokerages for safety reasons. Is the pending change of the dollar from its present status as the world’s reserve currency likely to have a serious negative effect on US brokerages? Does this suggest that it may be time to switch to a stronger brokerage?

thanks

geh

Where should dollars be moved that are in a 401(k) and in CD’s? Should gold and silver bullion be purchased instead? If so, how?

Larry, I appreciate your e-mail and offer to submit questions re: the impact of a US$ collapse.
Q–We had a video session at noon today with Claus Vogt and nothing was mentioned on this subject. I have substantial positions in SLV and GLD, both demoninated in the dollar and if this scenario plays out will I lose this money overnight?
Thanks
Marilyn Summers

OK, you’ve got my undivided attention. If this scenaro plays out and becomes reality, what strategies can we initiate to best soften the blow? I’ve recently become unemployed but have about $800,000 in a deferred retirement account and 401K. Thanks.

It appears that exchanging currency to those of a few of the emerging economies. What are your thoughts?

What happens to those of us who don’t have any wealth, any of the things you mentioned in your letter?

Will we be any worse off?

I cannot disagree with any of your thoughts, but I’m at a loss as to where to put money, SAFELY, that can protect against the $$ demise. Help!

I’m still 20 years from retirement -but the little I have in savings currently -will not serve me at all- I’m already feeling the pinch of inflation, in daily/monthly expenses.
-I’ve had to close my small business this year
-what is the best way to grow even a little bit of money & still pay down some debt.
Real estate still seams to be the best way to grow wealth-even in this housing crisis -there are opportunities-as the market will most certainly recover-Yes? (it appears that R.E. investors are buying like crazy!)

We have been encouraged to hold cash rather than invest in a nervous market other than some commodaties. Were do you recommend we move the treasurey money market funds to excape the dollar demise?

Hi Larry
I watch all of your videos and read your reports and understand what you are presenting.
As a Canadian I would be very interested in you applying the same Principles you use for the US dollar and Gold for the Canadian dollar. This is important to Canadians as we have to consider the exchange rate when we are investing in the US.

Larry

My husband and I are about 8 to 10 years to retirement, our house is about 75% paid for and we have 401Ks in the stock market, and several other investments in bond funds and annuities. What is happening in this countries scares me to death, where can I put my investements at this point to keep from losing a great deal of my wealth?

Larry,

I am living on my IRA funds due to some health challenges (also paying 10% penalty for early withdrawal). I left the corporate world at 51 and am in the process of re-creating my work life.
Though I could see my situation as dire, I just feel lucky to be alive. I need to make the most of my investment dollars in my IRA. And protect their purchasing value.

Without the ability to work full time like I used to, I have to get really creative with my investments.

Thanks for your clear analysis and advice. Your financial wisdom in navigating this precarious and unprecendented time of change is appreciated.

Sheri

I agree with everything you have been saying. I have been with Weiss for many years–back even before the big S & L collapse. I have bought Canadian and Australian federal govt. bonds. Is there something a bit easier and more flexible such as a foreign currency bond fund with a large, safe, mutual fund like Vanguard or Fidelity? I’m not interested in anything but the safest, largest funds.

I can’t see selling my house. What do I get? dollars? I would like to take a large position in a safe currency like the Aussie dollar. How do I arrange this?

Dear Sir.
Please, what will be the best and safest way to invest so I protect my life time savings
form loosing value due to the colapse of the Dollar?
Thank you very much
Luis Becerra
lewis-2000@usa.net

Ok, Larry, I already subscribe to your news letter with Richard and another news letter from Weiss, what is my next step. I’m close to retirement, I have an IRA and an annunity. I have some extra funds I’m using in the investements you recommend.

What next?

Joe

We are retired and have several annuities with different companies. Should we remove the money and pay a penalty? Should we purchase gold and silver? And how do we know where to purchase the gold and what kind of gold? How much should we have in gold and how much in currency?

What are your thoughts on investing in gold, collectibles, and rental properties?

I believe you are abolutely right on. As a Canadian I would like to know how you see this affecting the Canadian dollar.
Thanks

I believe you are absolutely right on. As a Canadian I would like to know how you see this affecting the Canadian dollar.
Thanks

I have been conservative all along, and followed your advice last September concerning “Black October”. Now I am debt-free and all in cash $.
At this point I am not looking for any get-rich-quick scheme, just looking to maintain my wealth for the next several years,
This is the advise that I am looking to you to provide.

Dear Larry and Team Weiss,
Like most Americans i am a small investor principally in 401 k and 403 b savings through work. Now retired, my income is from my state educator pension and social security. My wife, who is still working, has her money in Tiaa-cref and Vanguard Funds. Can they be rolled over into foreign denominated funds to protect against a dollar demise? Should I take any of it and buy gold ETF’s? What about the taxes on distributions?

Hi Larry,

I have a fairly sizeable portfolio of ADR’s mostly concentrated in the mining & exploration of uranium and rare earths. I took a huge hit on the former since this recession started & I do not intend to sell out at these prices infact I actually added to positions. My question is this, since the majority of these companies are Canadian or Australian (pink sheets) but are valued in $ U.S surely if the US $ crashed the share price would go up accordingly to compensate loss of US $ value. After all, the companies still have value and value in the ground. Please advise. Many Thanks. Cup koon Crup.

If I understand what you have said correctly, even owning gold shares of companies based on the dollar will be pretty much be worthless as well. Should I just take what is left in my 401k and buy physical metal or buy a gold mine.

our childrens savings are primarily in their homes and 401k equivalents [we have 5 kids, all over30 yrs old]. to my knowledge none of them have access to gold or gold funds, i.e. GLD, etc.

i advised them to move out of stocks and us treasuries 2 yrs ago; thy are laddering CD’s now.

what advice can i give the now?

thanks
rhodney

It looks like besides gold, there are few choices in protecting dollar denominated assets. Especially for people who are close to retirement age and do not have the time to recover from a catastrophic hit.

My pension is paid in US Dollars but I can switch to Canadian Dollars at the rate of exchange prevailing at the time of the switch. My question is: “Is there any expectation of a near term or middle term rally in the value of the US Dollar as against the Canadian Dollar”?

It is bound to happen. I woudn’t be surprised to see our brain trust in Washington announce one Friday night that they have just devalued the $ by 50%. It is what they truly want anyway and this would catch everyone unprepared.My question is—-what happens to Us then? Is the value of everything we own such as our house, stocks etc also equally devalued? What else can we do besides being about as much out of $s as possible and owning bullion? Would gold stocks lose vaue too? What else do we need to know about the consequences and how to prepare right now? HELP! We all need you Larry—Thanks

If I’m invested in an OTCBB gold mine stock based in Canada and will be paid in US dollars when I sell, this means all the capital gains will be priced in US $’s, so it’ll be worthless? So do I transfer this OTCBB stock over to a broker that handles a conversion of OTCBB stock to
Canandian stock?

Larry,

Thanks for all of the information you provide on every aspect of the markets. As a subscriber to RWR and TFA I follow your recommendations and always learn more from each issue.

With respect to gold, there has been much commentary lately from many analyists concerning the role played by Goldman Sachs and JP Morgan in shorting gold and silver. Could you please comment on this and the possible ramifications if this situation is not corrected.

Thanks.

Hi Larry I’m with you on this and it feels like a shoe will drop this fall - we would be concerned about IRA’s and my PERS (I am a teacher). Should I pull out my Purse? It makes me nervous plus they send out an annual report and it comes in September so it will be interesting to see how hard it got hit. I no longer live in the state where my pers is and work as a substitute (luckily I am already working this fall)

We sit relatively stable owning our home other that a small and I mean small heloc. Home worth 500k (700k) at peak I am also an ex- real estate broker.

Curious for some clues to weigh in on.

thanks again,
MC

I’ve been saying for years, long before the mortgage meltdown, that the US was headed for massive inflation and realignment with foreign currencies. No nation in history has ever had so much and plundered it so carelessly.

America will be paying back its debts with dollars that are worth a dime, be it foreign debt or the trillions it owes to Social Security and Medicare. We’re headed for decades of decline.

Larry,
What do you think about investing in foreign currencies? The Euro and CHF come to mind. Also, the Chinese currency?
Thanks, Ray

I am retired,I have just sold my last stock in the market.
Never plan on buying again.Last year with all thats going on in
goverment.I do not feel we have 2 parties in the White House
any more.I call them Repubocrats.Congress allows people like
Franks, Peloski,Rangel,to run things,No one listens to what the
people want.I believe we are heading to a One World Goverment.
They will change our dollar.I do not know were is a safe place for
your money

Larry- I’m sure that the Chinese and Japanese who hold our dollars want a solid currency and they will get it.
Will holding producing farm land in USA be a way to keep purchasing power?

thanks, f.

do we sell dollar based equities regardless of u.s. or international corps?what about dollar based gold corp.shares?

Since gold and oil ETFs seem like good hedges anyway with or without a dollar collapse, wouldn’t it be prudent to continue down that path as an investor and increase such holdings to 50% plus, as the ultimate hedge? In a dollar collapse, stocks would be routed in a panic reaction, domestic or international, wouldn’t they?
Then which oil and gold instruments would themselves “collapse”? Is physical gold really necessary (can physical gold be possessed as part of a 401k? how?) or is GLD safe since it’s backed by physical gold? and is USO safe under a dollar collapse scenario?

Thanks,

Andy

thanks for this opertunaty and your great resurch. I have just got my job back and have worked for 30 days makeing 7000.00 grouse each month.. I have 1/2 my pention just sitting not growing with CNR railway Canada in Vancouver. if I were to take my CN pention, I lose my income and senyority at Via rail Canada, same union, two differnt company’s …..the job is great I am the senyour man but the palatics and my boss son nepatisum have made it hell. was wrongfully fired, union got my job back with pay 30days out of 10 months I am thinking a good paying job with good senyourity and a new Via company pention that is growing its better then taking my CN railway pention 3500.00 befor tax? is the CNR canadian Railway Pention at risk if US dollar falls ? I am 59 can work till age 65 in Canada. The Canadian side of CNR’s railway is very strong and a sound company from what i see
but I am not getting the benefits of the pention ,as long as i keep working “fighting to keep my good job at Via Rail .?will my CN pention still be there in the future? Railway jobs were the only jobs in the 30’s and was great for my grandfather So that’s my thinking keep the job as that’s all I have .no house or investments everthing lose to my former wife. and her girl friend layers. starting over waiting to get into a house for a retiorment investment. over next 5 years I am looking to manage an estate property in Vancouver, as there is what apers to be a very strong econame with 2010 olympics lots of constrution note CN railway very strong! Via railway is a crown corporation.
my ? am I a fool not taking my CNR railway pention and just find an other job to get by, rent a small apartment at 1600.00 live on 1000.00 a month. its small patatoes but I see no future in pention plans hope you have time to look at CN rail, Vancouver Canada estate properties I enjoy reading your work and insight very best regards Garry Bereska

DO I INVEST IN PHYSICAL GOLD OR INVEST IN ANOTHER FORM? AND WHERE IS THE BEST PLACE TO GO TO MAKE THESE TRANSACTIONS?

Larry, are ETF’s in foreign index funds safe? Sorry if this is a dumb question.

I am 80 year old widow. I have money saved in Treas. Bills, bank accounts, land and antiques.
Saved it because I have no children to help me or to leave it to. Do have a will.
Is land a good purchase for the future and now? I don’t want to have to take care of rentals. How much
deposit should I carry in each bank account? Are Treasury bills still a good investment? What about monies that are deposited with investment firms through Charles Schwab>? What about Gold, Silver and Jewels? Had some Gold during the last depression and didn’t get rid of it soon enough. Lost quite a bit at that time. Margaret

Kindly have an opinion on Sterling Pound standing against East African Currencies.

Larry I am inclined to agree with you. I have asked you to comment a couple of times on fixed Annuities. Other than the fact they are not keeping pace with deflation would you consider them secure?

so what do you propose we do?
if we convert our dollars to another currency that is more stable what currency should that be?
if we convert dollars to another currency then we would be required to relocate to the country where that currency is accepted would we not?
converting our dollars to precious metals is not the answer as we need currency to buy food and other neccessities, you can’t spend gold at the supermarket.

Larry,

I ass ume this would lead to an increase in relative value for gold and other commodities. What about financial, industrial and real estaate equities- up, down, or side-ways?

Larry, are we keeping our stops on gold miners where they are…maybe the RWR out Friday will address that.

We have 10,000 in $100 Bills under the mattress.

What should we do with it?

Hi Larry,

I have a modest savings in my 401 K account as well as my wife, what would you recommend us to do to avoid ending up without any financial security when we eventually retire? We are also a home owner. Appreciate any prudent feedback from you. Thanks a lot!

tony

Larry,
1. Given the manipulated & dropping value of the US dollar, how can one judge if and when it’s better to get out from under a 6% fixed mortgage? (i.e., would real estate prices inflate as dollar drops, and thus make real estate “a good deal”?–our rural Montana land more than tripled in value with the latest tax appraisal & the state legislature “mitigated” it by making tax for this year lower and wants us to ignore the huge hike because property tax won’t be that bad right now…)
2. A mutual fund company recently merged U.S. Treasury Money Market Fund with Cash Management Trust Fund of America (allowing them to invest not only in US Treas.securities, but also “securities issued by other Federal agencies and other high quality money market instruments”)–was this a good move?
3. In fall of 2008 my IRA created specific fund to invest 90% “outside the U.S. with the potential for growth and dividend income” in “larger, well-established companies outside the US” (currently most in Diversified Telecommunication Services; Oil, Gas & Consumable Fuels; Commercial Banks; Beverages; Insurance)–might this be a good choice, or would it be better to move the IRA money someplace with more options?
Thanks for your free e-zine & efforts to “mix” with your readers!

What action i need to do, insure investment was considered safe.

What if The US dollar does not crash, and instead continues to move along with some inflation, but not so severe. I suspect Bernanke is trying to make this happen(inflation not so severe). Since this last mentioned thing could happen, wouldn”t it be wise to only put a percentage of one’s wealth in Your wealth protective strategies? Maybe 25% at first. Then if we see that the US dollar is indeed losing a lot of it’s value we move, say another 25% to Your protective strategies. It is very difficult for Me to go whole heartedly into Your protective strategies. One thing I remember is that Mr Weiss recommended selling all our municipal bonds while they were down in value. So far, He was wrong. I did sell about 10% of mine on His recommendation and so far, that was wrong.

I have been buying silver. Should I continue, as a hedge on the falling dollar?

Thanks

Larry,
Please help guide us thru this devaluation of the dollar and let us know the best ETF (if there are any) that we can invest in to take advantage of the declining dollar.
In addition, please let us know if it’s better to have cash, invest in good stocks like EXXON, BP, etc, invest in stocks of other countries such as China, Corporate Bonds, or What Else.
We need your help to guide us thru this and to do so, I think a person has to step back a few steps to try to get a picture of the future with a terrible ‘dollar’
Thank you………Ed

I have an equity line of credit with interest rate 3/4 below prime so my interest rate has been 2.49 % for the past 7 months. I do not have any 1st mortgage but owe $230,000 on the equity line and my home value has declined to around $400,000. I am thinking about refinancing with a 30 yr. mortgage at current rates, but this would immediately double my monthly payment. The prime rate would have to go up to approx. 6% before my monthly payment on the equity line (6% minus 3/4%=5 1/4%) would match my payment on a 5 1/4 % 30 yr. fixed. I know you can’t tell me what to do, but with the devaluing of the dollar where do you see the prime rate over the next 1-5 years? My wife and I are both retired teachers with reasonable savings and fixed income.

If everything we own is measured in U.S. dollars what should we convert those dollars to(besides gold bullion)?

Three questions for you:
It seems to me that if the dollar goes belly-up, so will gold…
Please speak to this.

Also, assuming the dollar does fall drastically, would it be better to invest in a foreign- owned company, rather than a US owned company?

What will happen to the value of real estate in this country?

If you are retired and living on your investments, don’t you need something that produces a dividend?

Larry! Agree with you hartily. How do you protect pension funds from the dollars demise when your choices are limited to ther institutional funds. I’m refering to the Government TSP savings program. I don’t see any way to protect that nest egg. Can’t take the money out without penitaly.

I probably answered my own question.

Kurt

Larry,
You forecast some time back that the Dow would reach 10,000.
You will be right very soon. You were alone in your prediction.
Will it go even higher or collapse in the light of the dollar’s demise?
Mitch Bloom

Hello Larry,

As you say “the rest of the world is heading for the exits”. A dated attribute of money is ‘a store of value’. I’m retired and must maintain that value by hopefully staying several steps ahead of the Bankster class. Help us do that. I am trying to hold continuing deflation and sudden death-of-the-dollar together in one thought.

Thanks.

Should I buy gold and whats the best people to buy from.

So, is gold the answer?

Hi Larry,
I have sold my home and have everything in cash and no bills. I have gold investments and want to know if I should have physical gold in hand. Should I buy another house when prices get low enough? Are short term treasuries still the best place for my cash or should I do something different?
Thanks for all your help,
Jack

I guess I should put my money into Gold and Silver.

I would like to see recommendation or Stock/Index Options that I can invest in to made large amounts of money as the dollar goes down.

My friends and relatives in great part say,”We don’t believe that the US Dollar is falling apart.” They add that, “We think you’re (me) an alarmist!” In total they say, “We’ll won’t change. It’s all too complicated. We’ll keep our Dollar-denominated savings, insurance and investments.”

How can I convince them to wake up and smell the coffee?

Dick Hansen, a Retired three-wars Air Force pilot.

Things do look grave. The easiest way to pay off a large debt is to make the debt worth less than it was when you borrowed the money. If the currentcy is worth half as much, the debt has been reduced to one half. So what are you suggesting, gold? I have never liked precious metals. Their value is imaginary. If we are headed to Armageddon I would rather invest in wheat, corn and water. Difficult to do. I am considering relocation to the Carribean where things are cheaper and life simpler. But, there are risks to that as well. Any suggestions?

I have a question with a different slant. Suppose the dollar indeed collapses, with a consequence that gold (priced in dollars) soars. Investor Lisa bought gold at $1,000/ounce and the new price is $3,000. But her gold still has the SAME purchasing power. Thus, in terms of purchasing power, she has not actually lost or gained. But as soon as she sells some gold (say for living expenses) the IRS comes along and demands that she pay taxes on her [illusionary] $2,000 gain.

The question to you then is, “Is there a way to avoid the unfair tax bite, as described above?”

Rich in MN USA

Let’s see if I have this right. The rest of the countries on earth are going to tell the one country with the strongest military and the one country that gives money to other countries, that their currency is no longer valid. Hmmmmm. That doesn’t sound like it could happen without a fight. Is that what everyone wants — WWIII?

Larry
Even though I agree with your long term forcast of a dollar decline, I am faced with the problem of earning income off my assets which at this point is primarily in cash. Gold will not earn income for me although I will probably invest in it once there is a major pullback in the near future. I would like to diversify into world currencies through stock aqusitions but have a hard time finding experienced advisors that have the knowledge and access to those markets. It would be helpful if you knew of and could list investment companies that have a track record in world markets and could help me manage aprox 4 MM in foriegn stock.

Larry,

Thank you for your Real Wealth information emails along with all of the updates from Martin and the rest of the staff at Weiss Research. I think I speak for many in saying that we have developed a rather strong trust in the majority of all of your evaluations concerning investing in today’s market. Other than gold, gold mining stocks, and commodities, how can we adequately prepare ourselves for a US dollar that has more than a slight appearance of withering away little by little into the realm of extinction?

Jim

I am a Canadian investor. Using Canadian dollars to buy US investments have seen my profit margin shrink on a number of stocks. The profit is getting less and less as the US Dollar goes down. My question is this. If I hold a foreign company through the a US stock exchange, will it be protected from the US dollar plunge because it is a foreign holding? An example is Seimens which is mostly German or BP that is British. Won’t their country’s currency keep it afloat? Is the best way of dealing with this to get out of anything that is purchased with the US$?

Given the dollar is a lost cause. Can we invest in GOLD and not have it confiscated by the Feds ?
Is there another asset , like Australian dollar bonds that would be easy to buy and sell and provide the needed security or other ???

Even though gold is very high now I have started buying it. Is this a wise thing to do?

Larry, please let us know how and when you will post your advice to the BLOG postings. Thank you.
Samuel

Larry, will the dollar continue to be used as legal tender here in our country? Besides food & gold, what can be purchase or invest in “now” to save some of the value of our assets? As non of us have any past experience with the collapse of a currency, we are grasping at straws.

Dollar headed for collapse?
Yes eventualy it may but:
Most currencies still have a lower buying power than the US dollar.
Most currencies are still lower than the US dollar was last year.
This means that if you had US dollars in the last 18 months your still ok and you can buy more Euro, Australian, Canadian dollar etc
It is not just the US that is broke. Most European countries have external debt (as % of GDP) much larger than the US.
$15 US dollar will buy you a pizza in Miami but in Europe it will often only get you a slice of bread with your coffee.
How about paying $5.00 Euro for a gallon of gas. The US dollar will generaly buy you much more.
China is the exception but it has no interest in destroying its largest client.
Besides own could they sell all those bonds even if they tried?

Larry-

I’m not real keen on the idea of buying physical gold. What then to inwest in for protection, let alone growth? Thank you

It’s evident that we’re in trouble and I, along with your other readers, need to know how and when to protect ourselves. You seem to be the one to tell us, so please do so ! !
WHEN (your best guess)? HOW?

Years ago, Jim Rodgers converted his assets to the yuan and moved to China. Most of us can’t do that ! !

How are YOU protecting your own wealth from the “Demise of the Dollar.”

Larry-What you are saying is truly frightening! What is an investor to do? Will we have hyper inflation in imported goods including oil? Would commodities like gold, silver, copper and other metals be a hedge against the shrinkage in the US Dollar? Thank you for your warnings.

Can I protect myself without investing in foreign currencies? I don’t know that I’m comfortable with foreign currencies.

Larry:

I disagree. The world is stuck with the US Dollar and I could not think of a better group of
people to be holding our debt then foreigners who hate us.

The world right now is throwing off trillions of dollars in profits annually and the profits have to go
somewhere. No other currency has the required “depth” and military security to soak up all these profits.

They all talk big. There going to do this there going to do that. The only option
foreigners have is to put their capital in there bed mattresses which scares them
because a theif (foreign government)in the night will take it.

The US has never defaulted and never will until New York City is vaporized which
is certain to happen in the next 50 years.

Larry,
Thanks for your desire to help others weather the coming financial storms. As a U. S. citizen doing missionary work in the Philippines, all of our income comes from churches in the U.S.. I have allocated most of my retirement account into a global fund which has done very well over the past few months helping to recover what was lost last year. Any advice on how to avoid the dollar’s problems? Thanks.

Larry,

I sent you a request yesterday asking your opinion on moving my liquid assets to foreign banks. I know I’m rushing things, but your immediate response is needed.

Which banks, which countries, and the how to transfer assets are needed.

Please respond ASAP.

Thank you,

Ken

I hear you Larry and am concerned as well. You continue to talk about $2200 gold, but what about oil? Although demand is currently down, the world depends on oil and will always do so. And if the dollar is removed as the world standard, won’t it still remain the currency used in the U.S.?

Jon

We are holding a Promissory Note that has a balloon payment due us in April 2010 (less than 6 months). What should we do with that “money” when received?

to tell the truth i am thinking of putting my money in foreign bank’s what do you think? or putting my money in gold
thank’s kindly

Al Ho

Larry,would you be willing to start a “protect your money for the average joe” investment advice news letter,with a low subscription price. thanks Ernest

9/17/09
RE: Larry,
The only ETF I’m invested in is the (GLD). I would hope you could give me some advice on what markets are even safe for me to choose from. Mostly I’m staying away from (Leveraged) ETF’s).
I know you can’t give me personal advice due to the SEC rules. I just hope this isn’t too specific & with in the SEC rules.
P.S. Please keep up the good work on all your Emails. John

please just share what currency we should be in as we sell the dollar besides gold /precious metals…

We have opened a bank account in Canada, following your advice. Should be buy our bullion coins in the U.S. before going to Canada? If so, is there a reliable gold broker located in CA, OR or WA. Should we do this before the end of the year?

It would seem like that the longer we wait the higher gold will be and the more purchasing power our dollars will lose resulting in our dollars buying less gold. Should we act now or will you tell us when?

Thanks,
Jim

Hi Larry

Thanks for your timely and detailed comments on topics that some would consider politically incorrect. I’m semi-retired and invest mostly in currency and commodity ETFs. When the dollar falls, which currencies are likely to rise against the greenback? There is quite a bit of cycle analysis suggesting that gold/silver is headed much higher and US stocks are due for a major collapse — sometime next year. This would coincide with a massive amount of Adjustable Rate Mortgages that are due to re-set in 2010-2012. If this is true, then we are currently in the “eye of the storm” and have some time to prepare. In the long run, I like Brazil and China along with countries that keep them supplied with natural resources such as Australia and Canada. Keep up the good work!

I have followed you advise to the letter. But have a question on what currency should I invest in to escape the falling dollar. The Canadian dollars has raised as well as Australian dollar against the dollar. How about the Brazilian currency. Which if any would be a good hedge again the dollar decline? Thank you for your time!

Larry,

I’m certainly not hoping for the dollar’s demise, but when it does go down the toilet, wouldn’t it eventually be easier to pay off fixed interest based loans (i.e., home, car, etc.)?

Do you know of any domestic stock brokers that also trade on international stock/currency markets, specifically using other currencies that are (or can be) designated for their base account holdings? That is, trade equities or currencies in euros, Swiss francs, or yen based accounts instead of US dollars? Or would I have to open an off-shore brokerage account to do this?

Larry,
We all know that we need to invest in gold/silver as a hedge against the dollar collapse. What are the chances that Obama will follow: the “game plan” of 1933-1934, which confiscated gold and silver from the American people and devalued the dollar by 60%. Example: If a investor in the USA has $100,000.00 in gold/silver and $300,000.00 in cash he/she will be left with $160,000.00.
I believe that Obama has no control over the dollar, because the Chinese can collapse the dollar anytime they want by dumping half their dollar holdings (one trillion dollars) and that is today. What about a couple years in the future (if they keep buying dollar related currencies, which will also collapse the dollar if they stop buying)?
We can still save ourselves, if we cut spending to match our tax revenues. Chances of that is zero!
Therefore, I feel we’ve got no control over our future, except to limited the damage. We are in a War for our freedoms and our financial existence.

I agree with you. I have a relatively small amount invested in Merk Hard Assets Fund (MERKX)
Gold ran off without me for which I am really stupid. The thing is my wife and I are 80+ so we can’t lose money. Merk fund does not currently pay a dividend. Are there any income producing investments that would protect against a fall in the U.S. dollar? What are we Geezers to do?

What can I do to save the money I have in Money Markets?

Should we stay away from : Corporate Bonds, Stocks, CD’s ? It looks like international investment
is an answer for portions of our investments. Help..

If Someone has $20k in savings–how much would be lost when the dollar devalues…1/2 …leaving th $20k worth $10K…is there any way to know? I already have some silver and gold

By following your advice and investing in a Gold Mutual Fund, my portfolio is up 56% so far this year.
I believe this is only the beginning in terms of Gold’s overall potential over the next few years, so I am comfortable with my position.
What concerns me is how the government might react when Gold reaches 2000 - 3000. Will they increase the Capital Gains tax rates whereby any of my ‘windfall’ profits will be confiscated? What other types of Regulations and/or Taxes should I NOW be planning for?
Thank you for your advice.
Leo Roux
Hilo, HI

No doubt about it, the dollar is doomed, like all fiat currencies are eventually.
Larry,
You talk about gold all the time, but almost never about silver. My question is,
Do you think silver will out preform gold as a % rise in value when the Big move finally happens or is demand for silver too tied to the economy & manufacturing for the gold/silver ratio to ever narrow much below the 60:1 it is now, (and has been for a long time!)?

Also, since we hold precious metals to preserve our purchasing power, rather than to get rich, is there a recommended ratio (dollar value or ounce to ounce) of gold to silver you recommend holding in physical metals?

If I own stock in a foreign company that is doing well (i.e. a Chinese company), will the dollar value of that stock keep ahead of the drop in value of the U.S. dollar? In other words, do stocks keep their value like precious metals do?

Rod

Where can I buy gold buillon in a foreign country and store it there ? What foreign currencies look good as an investment ?

ALL YOU NEED TO DO IS THINK:
1. If the U.S. Dollar is over, so is China. They will not destroy the dollar because they will
not destroy themselves. They are just having a little fun embarrasing the U.S..
2. The U.S. government has done a brilliant job of exploding the money supply without
inflationary consequences by paying interest to banks on deposits. This kept the
banks from lending the money and increasing the velocity of money supply. This is
a big reason inflation will not be a problem. This is why helicopter Ben kept his job
and rightly so.
3. Bush was the right man for 2000-2008 for the correct violent response to 9-11 in
order to keep us safe. Democrats are the right party for 2009-2016 for the correct
application of Keynesian economics to prevent the financial crisis from becoming
a catastrophic depression. And, yes, Reagan was the right president for 1980-1988
to practice Hooverism to destroy inflation and to outspend the Russians to destroy
communism and save East Europe. I do not know what Carter was there for.

4. Gold will go up to $1300 pretty quick. The V shaped recovery will prosper along with
gold. Have you noticed how gold trades with the stock market? When have you ever
seen that before?

Regards,

Terry Bateman

Larry: I have much of my IRA in Vanguard money market treasury (cash) Where would you suggest I move it into before the dollar collapses?

Regards,

Tom.

What about the ETF Strerettracks gold? What about gold coins and what do you think will be the goal of silver bars?

Dear Larry, I have been keeping up with what the Weiss group has been recommending for a couple of years. My biggest problem is a liquidity. I have a few assets but most in real estate. My wife and I are both in real estate sales have had a couple of bad years. We also are the primary care-giver to her parents ages 97 and 94. Here is my question/dilemma: My in-laws are, as I mentioned, very elderly and and are now living in a small cottage next to our house and on our property. We sold their home back in the spring of this year and they have about $200,000. in cash and in a bank. I have tried to explain the situation to my wife about the risk, but the bank has convinced her that the money is safe even though not earning much interest. What should I advise her to do? Thanks,

I am Canadian and a subscriber to The Foundation Alliance.
Is the Foundatioin going to continue investments in US securities. What are the pros and cons of doing so as I have to pay a premium to convert to $ US.
What should I be doing at this point in time. Is it okay to buy gold, silver. energy or commodities, where is a good entry point on each. I would like to subscribe to you letter provided it comes with some dirction on what to do and when.

my wife and i (both around 80 years old) have all of our liquid assets (about $100k) in several savings certificates. what would you advise we should do to protect our wealth?

One cannot ask the right questions without sufficient data to formulate them. In a word, our questions are irrelevant. Your answers as to what we should do to protect ourself is entirely up to you.

I can buy a house right now for $35,000. Should I do it? Should I attempt to live aboard a sailboat so I can leave these shores any time. Should I own gold? Should I own a ton of coal to heat my home in small stoves? Should I expect to grow and store my own food? Should I attempt to reside in Brazil or France?

You have the answers and we are indebted to you for wise advice.

Larry,

I do enjoy your articles and I want to know if this dollar devaluation is going to be as bad as the 1970’s or even worse? This time around I would like to know the best way to invest my cash.

MMK

As a new subscriber, I failed to buy gold because you put a hold on it suggesting there would be a pull-back in price. What are your recommendations at this time?

If the dollar is going to crash like you see it doing, what should I be doing with money that is sitting in my portfolio in money markets right now?? Shouldn’t it be invested into something of value to ride out this slide and the great chance of inflation that looks extremely likely?? And what percentage do I keep in my portfolio right now to take advantage of bargains that will happen if this likely event does occure, or what can I put it in and still have the liquidity that is needed to do trades???
Lloyd

We are retired, living off SS and interest from C D,s. I would like to get the C D,s out of the U S Dollar but don,t know where to start. Could you recommend some foreign banks that are safe, also the telephone number. Also what gold and silver stocks do you recommend?
Marion White

Howdy I hear you loud and clear. So, what are we to do and what do we get into to help preserve our retirement plans IRA’s, 401k’s and etc. ? ? ? ? ?
Thanks

I agree with what you say and would like to get out of the dollar but do not know how.
Does investing in an ETF of a foreign country protect you. I have the ETF PIN for India however that
is in dollars. I do not believe that helps.

I’ve heard rumors the government is considering a move to shut down commodity ETFs like GLD and UNG with the excuse they are “speculative”. How real is that possibility and what is your recommended response?

Question: I am invested in mostly foreign stocks such as BBL, VALE, GG, etc. all purchased in USA.
Am I safe from a dollar crash? or do I need to buy these in some other way. ie. not with dollars?

Sometime in the past I was advised that 90 day T-bills were the safest place for money. What should I do with it now? I am retired military, elderly and my wife is the only family.

If y ou have knowledge of how to protect us as the dollar is falling. why wait to give us the information. We need it now. than kyou.

What will a collaspe of the dollar mean to me and my wife. I am 75 years of age with only $1138.00 comong every month. My wife still works in the school systen as an administrator in transportation. She is 69 and would like to retire, however she feels she will never get to retire. I want to start a home based business but it is almost impossible to scrape up just a few bucks to just pay for the information and supplies and postage. Please give some kind of hope. Lawrence Long

I am a farmer. If commodities are to be the safehaven, what about the ownership of farmland as an investment? This will produce a commodity every year.

Have you heard anything about the swiss bullion fund that Julian Phillips has been talking about? What about gdx.j? Thanks Larry.

Keith

Hi Larry: I’ve a few thousand American dollars stashed for emergencies. Would you recommend changing them for gold coins?

It is like a lobster being put in a pot of warm water and turning on the heat. He never notices until it is too late. This is exactly what is happening to the American People through the depreciation of the dollar and our assets

Dear Larry,

Naturally as an investor, we would like to keep our retirement in tact as the dollar is under pressure. Do we buy other currencies and gold or stock in other countries, or simply blue chips and bonds in prosperous cos.?

Larry, what do I do with my cash accounts(demand deposits, etc) in this situation?

We need advice regarding where to invest to off set the decline in the dollar. Because it is not possible to completely move out of the dollar, we need investments that will go up twice as fast as the dollar goes down. Perhaps selected gold or silver mines. Which other currencies would be the safest?

Larry,
First, a personal note. I happen to live in Delray Beach at a place you know well. Gleneagles. In fact, I live right across the street from your Mom and Dad on Dundee Lane. Your Dad has threatened that the next time you visit he will try to get us together. We have alot in common. But, we will keep that for when we meet.
My question has to do with TBT. I bought this ETF understanding that it would increase in value as the dollar went down in value. In the past several weeks, the dollar has declined by over 6%, but TBT is standing still, or even dropping in value. Can you explain? Is it a good protection against the decline in the dollar, or am I wasting money?
Lokk forward to hearing from you, and meeting you sometime this winter.
Jim Bandler

Hello Larry, like many I would like to know not only how to preserve my retirement money, but also how to increase it. I would like portfolio recommendations with the percentages that should be invested in each area.
Also, at what point should we buy and sell.

Great work guys,
Here is my question..Since march I have had as much cash as possible held in canadian dollars with my online broker while I trade some commodity stocks on the tsx and get the benefit of the currency exchange of 18%-20% appreciation against the dollar so far…What is the best way for me being in canadian dollars to play the collapsing currency? Last time markets sold off the us currency raced ahead with a ferocious rally…I don’t want to get caught in that!

Thanks, Erin

If the dollar is going to collapse, what options do I have? I want to position myself to survive and protect my family and if possible to gain from these times.

Thank you,

Nathan Rohan

hi larry, thanks for all your help…..i’m thinking of buying silver…..could possibly provide me with the name or names of precious metal -especially silver-companies that you would recomend to your subscribers, as trustworthy enough with which to do business? thanks again, kent

where can I purchase gold? and who issues the necessary certification and safe keeping receipt? What if that institution fails. does my investment go with it?

I believe the dollar is in great trouble and will probably be replacedas the world’s reserve currency.

I remember that some time in the recent past someone was predicting that when that happened the value
of gold would skyrocket. Is that prediction still being stated?

Tours

Roy

since i’ve already liquidated all my dollars and put them into real estate, my question is more concerned with income. what will happen to people who are currently employed and earning a decent salary. when the dollar collapses, cost of goods will obviously skyrocket, will companies increase salaries or will many be forced to close their doors? will business in america grind to a screeching halt? do you expect rents to be increased to reflect the devalued dollar? and finally will the banks try and swing some shady deal to have the govt allow them to revalue loans and credit card debt? basically, how will this affect someone who’s earning a salary, paying rent, has some debt but generally no savings or investments to worry about?

Is our only hope gold and strong foreign currencies, oil etc?
With much in TBills, the dollar loosing value, where do we go?
Help, Thanks, Burt

Help.

Hello Larry: I retired two years ago and my wife retired in June 2009. 90 % of our funds are invested in the market and in bonds. We can’t afford to take any large losses without affecting our living standards. What do you suggest we do?

Hello Larry I am a senior that can’t afford to loose what little I have. Please tell me where and what to invest in. Should it be gold and silver? I realy thank you for your answer. Lilli B

You said the demise of the dollar is probable, but no word when….. When do you expect this to happen?

Should I cash-out my 401k, take the tax hit and buy gold/silver?

Larry I thank you and all the fine Weiss people for their skillfull and honest analysis. I should of had this economic education 40 years ago instead of 9 years of university physics. I’m nearing 80, my time is short and my goals are simple, blow the doors off the highway patrol on I-35 at about 185 mph on my motorcycle.and make damn sure I can fight when all hell breaks loose in this country I fought for. I have been working the development of current events for 20 years. It is time to clean house, Bill
PS I have all the Weiss reports and have forwarded them to many including my congressman and senator because I am very concerned and angry about our country.

Larry,
At one time recently I got several thousand dollars in cash from the bank to forestall foreseen problems ( a la Rosevelt’s closing of the banks ) Luckily, we did not have that problem. But could you give us some pointers on the necessary mechanics of our upcoming problems ?
I am a great fan of yours and greatly respect your omniscence.
Thank you.

While I hear the concern for the collapse of the dollar….the alternative only seems to be gold/silver or the other offering is stocks….what happens when the US stock market collapses?

What can middle America do to save the money it has….
Pay off debt?
Buy foreign currency…truth is most of them are not in any better financial situation.
If we collapse doesn’t China and all the others who have American interests?

I have about $100K invested, almost entirely in Chinese stocks and Asian, Brazilian and BRIC index funds. I have $5K in GLD. I have about $200K in government money market funds and would like to get more of this into assets not dependent on the US dollar. I considered AGQ silver, but I’m leery of leveraging (I’m 86 years old and must be more of a trader than investor). What do you recommend? donvance@bellsouth.net. Thanks.

Hi,

I am trying to keep my investments to gold, oil, gas, and other natural resources. But what about munis? I am assuming they will be worth only toilet paper because of inflation. Is that correct?

I feel unbalanced and maybe need to have more diversity, but I don’t know what. Maybe agriculture?
Thank you.
Judy

Larry,
How can I protect my IRA and 401-K savings from the devastating effect of a major decline the the dollar’s buying power? Also, what investments will rise to offset the decline in the dollar purchasing power? Wayne Shaffer

All questions above are good. Looking forward to your answers.

The bi-directionality of situation is bothersome and complicated to hedge. Stock markets are topping and unsupported by real (non-stimuli) earnings. When stock markets crash, rapid movement to dollars will cause dollar to strengthen, reversing current trend. When dollar strengthens, gold and gold stocks in dollars should decline. Do you agree? That would present an opportunity to move dollars to gold, gold stocks and other hard assets. Is there another strategy?

It appears that GLD and some other ETF’s like SEF are manipulated. What do you think?

Do you trust that derivatives markets including ETF’s will function during the coming crash?
What about MEAFX to hedge dollars?

Many people have been asking about the best place for investment, so let us start with the basics. The only goal of any investment is to buy low and sell high. However, when most people buy and very few sell, that buying pressure pushes the price close to the top. Conversely when most sell and few buy, that pushes the price close to the bottom. In other words, simple arithmetic dictates that most people will always buy high and sell low, i.e., lose money and their loss will be gain of the few who will be doing the opposite. FWIW.

I agree The anti dollar sentiment is growing world wide. My question is if the u.s. stock market takes a dive in Oct. along with world markets, would another flight to the dollar occur. As we see any strength in the dollar causes a knee jerk sale of precious metals shares and commodities in general. According to the ski index, found on 321gold, concerning gold breakouts, he is looking for a final decline before the pm bull ignites. I would see any pull back to be a buying opportunity.
I agree the Dollar will continue to decline and our purchasing power along with it. I also believe that the Wallstreet banks will continue to have information on market moving events before most investors and game them with leverage the fed bailout money has provided. Watch for the Sept. 30 short rule reinstatement. If it doesn’t go through I will prepare for another market down turn with stops in place.
If the Dollar continues to fall WITHOUT a stock market correction watch gold and silver for possible bullion delivery default and substitution cash settlement. Many of us are realizing that any dollar market gains will be taxed and eroded over time by inflation. Unfortunately the Dollar is no longer the safe haven it once was backed by gold and a strong competitive manufacturing base.

For days I have read that the dollar is losing value yet I haven’t read anything to tell what to do with the dollars except gold. I subscribed to Real Wealth Report on 9/4/09 but haven’t gotten anything yet.

I agree “we are doomed.” My biggest concern is whether the fed is more likely to confiscate gold or silver? I believe gold was the only one confiscated during the depression. Mom was a teen-ager then and that is her memory. What are your thoughts on foreign currncy bonds or currency cds?

Larry, There is no question, the dollar will collaspe, its a matter of when.? Dont know why everyone is pushing China, dont they have enough Chinese doors and products, to maintain? They are & have been our enemy, since they came to power. Who beleives in helping ENEMIES ?

Thanks to you and another investment newsletter, I have gradually been investing in emerging markets - China, Indonesia, So. Korea, Taiwan, UltraShort 20+ yr. Treas. ProShares, copper, etc. Should I also gradually be getting out of the S&P, GNMA, Short term treasuries, etc and moving to others? How can I best protect my retirement money?
Thank you for all your guidance,

Carol

What should a person do with its cash to protect its value at this time?

Larry
I am a UK investor with my funds currently in Gold ETF’s. Is this prudent?

Larry,
What do we do with our IRA’s and Mutual Fund Investments we already have our $$$’s invested in? How do we protect what we have made back since the Market drop of fall 2008, and how do we avoid losing it again ? Thanks!

How do you answer the arguement below? Don’t you need to own hard assets in here? Aren’t you better off to on a house then to have the money sitting in a savings account?

Our current debt is USD 11 trillion, less than 100% of annual GDP. When the public sector borrows from the central bank (with the central bank providing the necessary liquidity as is our current case), the result is fast growth in money supply and GDP. The growth in GDP can show up as real growth, inflation or both.

Real growth however depends in the longer run on real factors: work force, installed capacity, land, and productivity/technology. It is precisely here where America shines:

• US is 4% of global population
• US produces 26% of global goods and services
• US economy is larger than the next 4 countries combined (Japan, Germany, China, UK)
• US industrial production more than 2x the size of Japan and larger than Japan and China combined
• US produces 8.3 million barrels of oil per day, more than Iran, Kuwait or UAE, and 85% of Saudi Arabia’s.
• US is 2nd largest producer of natural gas (1st Russia) and the production is greater than the next 5 producers combined.
• Population density is 31 per km2, world average is 49. Japan is 338, Germany 230.
• US controls the right to sell into the American economy; this dwarfs everything else in importance.

If indeed the excess borrowing turns inflationary and the value of the USD plummets, then we will have created the conditions that allow us to produce more cost effectively within the USA, thus giving us the chance to once again produce internally that which we consume, halting and even reversing the trend of production outsourcing. This resurgence of local production leads to improved employment with the resulting increased economic expansion.
Let’s not forget that America does not need the rest of the world. It’s the other way around. The picture gets even better when you add Canada.

I have positions in 3 gold and precious metals funds recommended by you in the past. Would I be better off moving these funds into physical gold? The increase in value will onviously be impacted by a dropping dollar. How do we minimize that when redeeming funds? We will possibly need to access funds in the forseeable future due to our age.

You said:chief Bernanke pretty much have no choice but to destroy the greenback’s value:

It is the ONLY way Washington can ever hope to service the more than $100 trillion it now owes to investors and seniors
I really do not understand how destroying the value of the dollar is the ONLY way to service Americans! It seems like unlikely.

WHAT IS PRUDENT, FOREIGN CURRENCY, COMMODITIES, METALS, OFFSHORE ACCOUNTS, INTERNATIONAL SECURITIES? tHAT YOU bOB

Larry,

I agree that the dollar needs to fall from the trade imbalance standpoint, from the US security standpoint, and from the market standpoint.

There is another factor to consider. Timing. The last time big banks went down and gobs of debts became due, the volume of dollars in the world shrunk rapidly, making people desperate to find dollars to pay back their debts. From this, we saw an increase in the value of the dollar relative to other currencies.

As I read it, bank failures are at an all time high. Res and commercial foreclosures are at an all time high, unemployment continues expanding, and people are saving. It seems likely that, in the next cycle, more big banks are going to go down and we will experience another dollar vacuum. Possibly by the end of the year. After this cycle is complete, the dollar is likely to decline rapidly, but I think we’re in for another abrupt upsurge of the dollar.

Is gold the best protection? foreign stocks? I have a great deal of money in cash.

Do you expect the new Iraqi Dinar to return to a reasonable dollar exchange rate such as prior to the war? Thanks

I have followed your long time advice of gold, silver, gas & oil and commodities. What would be an additional way to hedge against the failure of the dollar? Foreign currencies? Thanks.

Hi Larry– I did subscribe for years, but I am now in my 80s and retired, “living” on monthly CD interest distributions. Though I continue to enjoy my emails from the Weiss bunch,Investing is no longer an option. Our main hope is that bank interest rates will someday rise, once again. What do you think?
Thanks.

I live in Europe and I have several USD brokerage accounts in the US. What do you suggest I do with these? Convert them to EUR or CHF? Thank you.

If the stock market collapses, will money not pour back into the dollar? Will not the dollar then rise?
If US consummers are not spending who will China sell too? Will China then dump consumer goods to save jobs adding to deflation? Will deflation not cause a rise in the US dollar?
We live in a small world. if the US tanks so goes the rest of the world. China does not have the political stability, world confidence or internal purchasing power to lead us out of this disaster. China will suffer too and maybe worse than the US. Nobody has come up with an alternative to the US dollar that will satisfy the Inustrialized world and it won’t be an Asian solution, guaranteed.
I may be wrong.
Thanks for your insights Larry

If you invest in Gold Shares would that be a wise investment?
I have an duplex that I rent out and it’s fully paid for, am I protecting myself?
Please advise me if I should pay off my mortgage on my house, I owe about 8,000.

I am 75 years old amd my wife 67. We have $400,000 in 401K and $110,000 incash and CD.

We have a 30-year fix mortgage a 5.37% interest. My mortgage is $92,000.

My questions :
1. Should we pay off my mortgage?
2. How should we invest to prevent the devaluation of the dollars and the inflation or deflation in order to preseve our savings.

Pls. help us.

Thanks

One of the bet ways to protect yourself agaisnt a meltdown of the US dollar would be to take out CD’s in foreign currencies from Everbank.

I believe that we little guys can keep out position is thru hard stuff like commodities (especially gold).
Sure, commodities are capable of putting us on a roller coaster; but if we accept the bouncing around, we can manage to keep our heads above water.

Hi,
Thanks for the opportunity to respond. Is this situation with the dollar serious enough for me to remove my money from my 401 K (with a tax penalty) and invest in something else (like silver or gold)? If not silver and gold, what would you suggest investing in?

From reading the blogs that have been posted, everyone is asking the same question. What should we do with our assets? Be they cash, stocks, bonds, real estate or whatever, how do we protect our assets in the event the dollar tanks. I think a response in the form of a article would help everyone.Thank you.

Larry-God Bless You for TELLING THE TRUTH! i’ve been telling people this was going to happen since the mid 90’s, and no one has listened. i just read your free report BERNAKE’S SOLUTION TO THE DEBT CRISIS. it was powerful. i’m a 100% disabled army vet, and i’m working on ways to generate money so i can start purchasing gold ASAP! keep telling it like it is larry, and don’t let anyone intimidate you. Paul

Thank you Larry for this Heads up.

I just renew my letter, so I hope you keep me up to date.

Thanks

Victor

I am like all others today, I have a small amount of gold assets and a cash. What should I do with the cash on hand; should I hold to the gold?

I am retired and have taken your advice and moved my 401k money into China, India and Brazil stocks along with some Vanguard funds like Wellington.
My fear is that when the next “correction” occurs here, will these foreign markets just follow suit? Is there a true safe haven in this crazy market today?
I enjoy your email newsletter and tend to like your slant on everything.
Thanks

At present I have an annuity plan with ING, headquartered in Netherlands. Because of the turmoil in both US and Europe, ING is under financial pressure from the Netherlands government after accepting a 10 billion euro loan. It would seem that it would be to ING’s advantage to continue the plan, paying me off in the distant future in dollars that are worth far less than they are now.

Assuming a slow devaluation of the dollar, I am losing buying power as time passes. At present, the growth of the annuity is a guaranteed 3% per year. I have investments which pay considerably more dividends than that, and I also do trading that is considerably more lucrative than that.

Do you see any reason that I should continue to hold the annuity plan, or should I cash it in, take a penalty, and put the money to better use?

I would welcome your comments.

Many Thanks,

Bill Eddy
bristolmathnut@yahoo.com

I HAVE A LARGE SUM OF MONEY IN A BANK IN NORWY. MY DELAMA IS I WANT TO BRING IT TO THE STATES WHAT WOULD YOU ADVISE?

What do you suggest as investment vehicles or havens to hedge: gold, foreign currency denominated securities, land?

Thanks,

Eric

Does it matter if you put your money in securities or bonds or mutual funds etc…is one better than the other? What do we do with our 401K’s?
Thank You
Cherie

Hi Larry, Love and trust your commentary. I have $100,000 in a money market recommended by Weiss Safe Money Report. It is there to pay for Mom’s care in a dementia center. Should I be doing something else with that money. Thanks for any comments.

This is a resubmission with the corrected address.
Everyone is touting precious metals as a refuge, which usually means that it’s time to go another way. That being the case, I guess that foreign equities or other investments that might appreciate on their own and also benefit from the exchange rate differential might be the way to go. However, countries that hold a lot of dollars or U.S. issued debt instruments might best be avoided. If so, which countries and which sectors would you recommend? Any specific mutual funds, ETFs or other specific investments offer benefits?

Larry,
Where do I move my money. Do I wire it to a foreign bank and exchange the currency or buy gold?
I have read with the demise of the dollar and a change of currency Americans would only recieve 2
cents on a dollar if you are holding the greenbacks when the forced Majour happens.
You may know better? Please give advice.

Debbie

Larry,

Since you have been warning about the dollar’s potential collapse for some time, I feel that you have also been giving us advise all along in preparation. As you say, gold is real money. You have stressed this in your Real Wealth reports and made recommendations about holding gold. I am a believer. However, I don’t feel certain that the present administration in Washington won’t decide to just confiscate any gold holdings from private citizens. It would be helpful if you would give us your thoughts on how safe our safe deposit boxes are.

–Ted

I have quite a bit of credit card debt from rental property costs.
I have two questions.
1) How will this debt be affected with the dollar headed for collapse?
2) Should I sell my rental properties or hold on to them as retirement income?
Thanks for your help!

Larry, you indicated in a recent video that you don’t think the dollar will collapse and that gold will not skyrocket on this current bull move up for gold and down more for the dollar - that it’s a little ways off..

Why did you say that?

You and I agree that this is an inevitable final result, but I myself don’t know whether the current move up in gold and down in the dollar is the start of the “big one”, or whether it’s still a ways off (as in maybe sometime next year?)

OK, Larry, Mr. Doom and Gloom, what do you propose we do to save our retirement dollars?

Could what cash one has be taken out of banks and kept safely at a secure location. The dollar cannot STOP being acceptable in overnight. What would happen to a mortgage on a business?

Larry, I have no doubt about your prediction of the dollar’s demise. My most immediate concern is: Do I hold on to my gold shares (waiting for them to skyrocket when the dollar implodes)? OR, Do I sell in the current cyclical bull, anticipating gold shares will get hit like they did last year in another general market meltdown (then buy back after the catastrophe)?
Stephen
London, Ontario, Canada

i have a sizeable amount of my investments in gld. what is the best thing i can do to position myself in terms of stop loss. do you have a stop loss position or should i just ride with the tide

I had two IRA accounts worth a little over 100k. A few months ago I kept hearing about the dollar losing ground, and I decided to transfer all of this money into 70% Silver and 30% Gold which is handled by Sterling Trust of Waco, TX. What would the best way to Save as much of this acccount as possible, if the dollar keeps going down and ultimately fails? I have about 20k in about 6 or 7 different stock funds, some of which I recently purchased, and most all of them have been gaining in value?

First thanks for the opportunity to ask a question. Iam 66 years old, retired and handling my IRA portfolio myself.When my brokers lost from $380,000 to $90,000 in 7 years, it was time for a change.With the help of my brother-in-law, I got into gold and silver mining stocks, which has done well. Also I have Oil & Gas ETF, TIP, Coal, Gold& Silver ETF & a few other naturial resources.
My question is, how or what does one do when when the stock market goes down, I lose, it goes up I win. One of this days it is going to go down and not back up. Is this just the way it is?
Thanks

Hi Larry:

It’s relatively easy to move from one fiat currency to another; I favor the currencies close to home like the Canadian dollar and the wild card Mexican peso. All others are more of the same paper plus the problems of greater distance et al.

However, I’m more concerned with the dangers to the entire financial system itself; imploding due to the incredible naked short selling and the resultant accumulations of FTD’s. It seems to me that all investments held in Street Name are seriously at risk. Adding the dollar problem to this underlying global base of quicksand seems incredible.

At first glance, my quick solution is to get out of the financial markets and place the proceeds in a perceived safer currency in a relatively safe bank.

I’d appreciate all thoughts, positive or negative.

Mil gracias,
Frank

Besides the less liquid options for Gold and how to make the most from the dollars demise, what would be suggested for ones more liquid and daily needs. I plan to go to Thailand an China next year and possibly a South American country. What should someone do to be able to preserve their purchasing power when abroad? What options are there out there for holding cash in various currencies and how do you access them? I am talking in a liquid form so they can be accessed quickly for daily expenses, either at home or abroad. What currencies should I be looking at? Or am I heading the wrong direction?

Larry,
I appreciate all the advice you have given thus far. My retirement is tied up in two places: a 401k and a 403b. How do I transfer or re-invest this money to keep it safe? None of the 403b is in stocks. Approximately 50% of the 401k is in stocks, the remainder in a mix of bonds and “regular” savings. I am 56, and plan to work as long as I can. What do you reccommend?

Like everyone else I am in a real quandry. If the dollar caves arn’t we all in serious trouble. Stocks, gold etc. and all denominated in dollars. We await your instructions on how we can prepared for the collapse.
Clyde

Mr. Edelson,

Would the effective use of forex trading be the predominant method of mitigating the dollars demise?

Please Mr Larry.I wish you can comment on the banking shake up going on in Nigeria as it affects the confidence of the public in engaging in future investments on shares .Again as the CBN governor is set to replace our N10( Ten Naira)notes,N5,N50 with the polymer content.Please sir,does it have any real effect on Nigerian devastating economy,as to me it means unnecessary cost in the face of dwindling public fund from the sales of oil?There are lot more to tackle than that.Secondly,can you suggest how the concerned authority can revive our Persistently collapsing stock exchange market?Please sir i need your advice.

Dear Larry,

First let me thank you for your reporting and your efforts to help us control the damage.

My concern is that of your neighbor in Canada. What will the demise of the USD do to the CAD?

Any practical comment will be much appreciated !!

Peter

Are there foreign currency ETFs or money funds that can be used as a safe place to put funds not in stocks? Are these accounts at all protected?

With a limited, but vital, retirement fund, what seems to be the wisest move one can make?

Will Canadian trust investments held in my brokerage account be safe or even go up when the dollar loses value?
What about gold and silver mining stocks? How about energy companies?
All of the above dived last year, but have come back as of now.
What is a safe investment now? A currency account at Everbank?

What to do with Life Insurance policy (s)? I know Martin has given the strongest companies…. but what good is that if the dollar face value is toast ? Cash it out ? Ride it out ? What ?

Larry,
When the dollar collapses will our interest rates go through the roof? And if that happens won’t the US stock market collapse? If so, shouldn’t we be ready to liquidate our holdings (except for gold)?

First time commenting on your blog. I want to thank you all for the great advice you provide to your readers. Would you say this is the result of job security or lack of will in washington to fix this problem?

Larry:

I think your;e spot on with your analysis–where should I be puting my money to avod getting slammed by the decline in the dollar?–gold, currency ETF’s, other commodities? I’m interested not only for the short term but for the long term. Our government doesn’t care about its citizens. WE need to look out for ourselves.

Thanks.

Which curency should I hold my investments and shares in ?

Hi Larry,
There are so many things to comment on these days.
1. Can authorities oversee and use comments on this site for their own purposes. I ask because Fascism is rising.
2 I follow your pages avidly and enjoy them. Am a subscriber to Safe Money Report
3 If you are right about the dollar collapsing and I think that is the intention so that America can compete with China more than anything, what will happen to the prices of copper, gold , silver, zinc, tin, aluminium, and so on that are priced in US$ ???? This is the most important question.
4 Conversely, with markets rising fairly steadily of course there will be profit taking and corrections but where does one invest to overcome / offset a) US$ MAJOR collapse b) Dow Jones MAJOR correction
5

Larry,
I currently have several hundred shares of GLD. Should I sell and take the cash and hold it for gold to correct itself and then purchase when it sells off. I have had this for about 4 years.
I also have a lot of cash. Where should I invest it and protect my family against the dollar? I am invested now in energy, industrials and one financial company (all US equities),
I look forward to your advise and certainly appreciate all your concern and wisdom.

We have large holdings in residential income, yet a non-existant RI market here in Nevada. In addition we have substantial holdings in Weiss and US treasuries. We have large holdings in both bullion and GLD. Just pocket-change in equities. You say get rid of real estate. Can’t. You say cash is going to lose most of its value. Swell, but knowing this doesn’t do much good. In summer 2008 we took Martin’s advice and bought short-term Austrailian currency CDs through EverBank. In just 90 days, lost over $50K when they matured in a substantially lower Aussie dollar (they haven’t again taken such a swan dive but that doesn’t stop the bleeding retroactively). U.S. and Weiss treasuries pay effectively NO income, so every day we leave our money there, it shrinks big time. Martin said
hold onto U.S. cash ’cause banks are “iffy.”
Lining up the suggestions issuing from Florida sometimes makes my head spin. I’m a simple investor and would sure appreciate some simple investment strategies. I respect Steward Varney with Fox. Some of his colleagues asked him last week where he would suggest putting HIS money and he replied, “How should I know?” I know just how he feels. Help!
–Ron

Larry

I keep hearing about how the U.S. will have to devalue the dollar to service its debt…the term “lopping off zeroes” is used a lot. One way the dollar is devalued is by the mere printing of fiat money as is being done now. But is there another straightforward direct way that governments, e.g. by acts of Congress or the Fed that can overnight devalue the dollar? How does that benefit the debt holder and what effect does that have on ordinary hard working people like myself? Will my savings account lose value overnight just because of some government mandate?

Thanks

Steve

Larry,
I also am looking for how to protect my wealth’s purchasing power as the dollar collapses. Your guidance is appreciated.

I would like you opinion on TBT (the inverse ETF to Long Term Treasury bonds). Our investment groups’ thinking is that long term US bond prices will fall as other nations refuse to buy America’s debt (due to the dollar’s decline). That is, unless those foreign buyers receive a great deal more in yield than today’s paltry 3.625% (10yr). If this premise is correct, TBT’s price will rise rapidly. Unfortunately, if US long term treasury yields dramatically rise as bond prices fall, the stock market is likely to be crushed.

If the aforementioned TBT scenario is correct, one needs to be a long way in front of this “accident about to happen”. We are now back to the first paragraph’s original question - how to protect the purchasing power of one’s wealth in the face of a collapsing dollar.

How do we protect large real estate properties in US ? I am 60% in real estate and rest in cash

Could this happen overnight? Or is it a gradual decline we are talking about?

Larry….Either you run for Benanke’s position so you can alter the current course being taken by the Fed OR let us know what steps we can take to avoid the slaughter that might occur from the recklessness we are seeing from our irresponsible political leaders!

I LEFT A MESSAGE YESTERDAY AS TO WHAT TO DO WITH MY GOLD STOCK PAPER. I HAVE BEEN RETIRED ALMOST 10 YEARS AND ON SS AND CAN NOT AFFORD TO LOOSE MONEY THIS YEAR IN THE STOCK MARKET LIKE I DID LAST YEAR. sHOULD I BUY ETFS, BULION, COINS OR WHAT??????????

I am still in Vangurard’s Energy & Emerging markets funds. If the dollar collapses will these funds be affected as severly?? My guess is yes, but given the volativity of the world, Asia’s present and future thirst for oil and our shortsighted decision not to drill or add new refineries, oit should eventually skyrocket. Also, Emerging markets are the future. I’ve got no debt, $75,000 in gold and silver, cash on hand, live meagerly (by choice) within my retirement income and don’t need a lot of money. Im happy just riding things out. What do you advise.
Frank

We still have a large portion of our money in short term treasuries. Please advise what our next move should be?

What effect will the collapse of USD have on the Canadian dollar? What other currency would you
suggest for USD conversion? Thank you for your insight.

dear larry, i have heard words about a new currency, combining us and canadian dollar in the future. i have also heard that this currency is already established and to be invested in, can you please comment?
thank you gerlinde

Why don’t the banks I call, including my bank, know about them needing to be Basil III compliant ? And the new Tresury Dollars ??? Not even citibank knows about it !! and they are one of the biggest ! Is there an update list on what bank will be closing and which ones won’t ?? Citibank was on the list not to close but they don’t even know what I was talking about !

What are we to do? All our money is in a bank account. Should we buy gold or silver? Thank you for your advice. Ken Knox.

Hi Larry,

I am very grateful for you entire team that is trying to help us through the significant threats to our futures. It has occured to me more than once that no matter where your stand or what you may have, it is constantly under threat. For example, if you have a job, it is being threatened by either lower cost competitors or because your company is not making it. If you have good health, it is being threatened by disease, pandemics, etc. If you have any wealth, someone else wants it and the goverment wants to confiscate it. Starting from the pleathera of state and local taxes and then the Federal Goverment gets a crack at it. So a fundamental theorem seems to be that everything you have is constantly under threat.

A few questions. (1) If you go with a gold ETF, how do you know that its not just another ponzi scheme and that you will be stiffed,. (2) When are we going to know when to start accumulating gold. I agree with you that there may be a very rapid sell off comming, (3) How do we know how good the cycle analysis is? Is it really accurate or do you have to temper the results with a lot of other analysis and good judgement. I still think its a cop out to blame cycles for the greeat depression, it appears to me to be a good way to not blame anyone for the mess. (4) If the US is repeating the fall of Rome scenearo, do you have to stay in Rome or leave to really be protected. I mean physically and not just where your investments reside. (5) Do you forsee a significant war being fought over natural resources?

What do you say is the best way to protect my assets?

I have already gone 10 % to foriegn currency, gold and Stock in anticipation of rising rates and inflation.. You are suggesting hyper inflation…!!! Question: What happens to foriegn stocks denominated in dollars in your scenario.. 10% is beginning to sound like too little.

Dear Larry,

I have been perplexed in recent times about the way that Gold is linked to the US Dollar. You cannot purchase Gold ETF’s in any other currency (to the best of my knowledge). Since I purchased Gold ETF’s about 6 months ago, they have gone down in value due to the weakness of the USD. If the bottom falls out of the USD, does that make my Gold ETF’s worthless?
With the dollar going down in value and the gold going up, I am still loosing money or at best only marking time. I would appreciate your opinion on this matter. Many thanks, Tr

Larry, I am a member of SafeMoney and currently don’t have much in my ERA which bacically are invested in stocks varied and a lot of gold and silver investments. At pressent they are doing well. May question is hopefully in Dec. I will be inheriting a large amount of money and want to know the best way to pertect this money from the declined $. Thank you, Charilyn

Looks like you have plenty of questions to answer. Add my name to the list for the answers. If we own stock on NYSE in Chinese stocks like ETF FXI denominated in U.S. $’s, when the $ plummets we will still own the shares but what happens to the value as opposed to having been purchased on some other exchange?
I’m part of the Weiss Inner Circle but I follow your advice more closely that any of the others and thus have invested in the rally since March based on your recommendations and have profited accordingly.
Since I have kept my investments in the stock market and options I am keenly interested in your opinion of how long it will be before the severe $ impact and should we pull out of the market and put our money in something else like Australian Aussies?

I’m reliant on social security and my union retirement, both paid in dollars, if the dollar loses value i’m had! Not a thing i can do is there?

What a sad and regrettable epoch in our young nation’s short history; -the demise of the U.S. dollar! And to realize our nation is in such a devastating financial condition, it’s inevitable and absolute, whether the Fed stops the printing presses or not. For me, it is a challenge to accurately foresee all of the ramifications (effects) short, medium and long term for U.S. citizens.

If I have correctively gleaned your position and recommendations for these troubling times, precious metals and commodities investments may be prudent at this time.

Thanks very much for your seasoned and astute analysis of current events and recommendations.

Hi Larry,
Thank You for your invite to post questions.
I have read several hundred of the post on your blog and most of those are also questions I have.
Is there a reason you do not post your replies? Those would be of benifit to most who ask repete qusetions.
Thanx for your reply
John

larry, if the dollar does drop to near 0. how do we protect our wealth…..
A: do we move our money into foreign etfs ?
B:do we sell all our stocks and stay 100% Gold investments ?
C; do we move all investments into govern. funds ? (bonds, bills,etc)
D open up foreign bank accounts, move all our money to asia ??
E buy TBT or TMV..???
thanks phil.

Larry,

I Live in Ireland, so my base currency is Euro.I make most of my investments in USD and GBP due
to the availability of ETF’s etc which I like. Investment opportunities in Euro appear to more limited.
Investment gains made in both USD and GBP are being wiped out by currency drops.I’m making no real gains in Euro, running just to stand still if you like.If more significant currency drops are to occur, I will have to abandon USD and possibly GBP also.I have considered hedging, but doing this with
ETF’s would require converting more Euro to USD and therefore of no benefit. Any suggestions? Thank you for your informed and honest commentary.I am also a subscriber to some of your services.
Kevin

How do we convert our dollars safely to another currency and which currency

What is the best to put you dollars into to save your money?

As a Canadian importing from the USA into Canada, will not the lower US dollar benefit us making American products less expensive for Canadians?
Should Canadians also be very concerned as to where we invest to safe guard our assets?
Do you feel that both of our economy’s are going down the tube and we should get out of the Stock Markets to sit on the sidelines to wait this out ?
Respectfully

Larry, my wife and I are 88 ,and retired, and have been reading your letters which are right on..

Larry, my wife and are up in age and retirired. We have been reading your letters, and they are right on. We took your advice and have 30% of our investments in gold and sirver, the balance in cash and stock. I have a single premium Swiss annunity that will mature in 2-1-10.
Could you give us advice to avoiding the dollar crash?

Ed Brown

Hi Larry,
I have been reading all kinds of information from everywhere and I would really like to
know if you have any recommendations for these perilous times?
What can we do with our money so we still have something to spend?

Larry
Its refreshing to hear you say it like it is. I hear healthy economy has three ingredients:
1. Peace
2. Credit
3. Confidence
We have none of them. China has all of them plus 1.3 Billion ambitious producers and demanding consumers. Does the cyclical phenomena you talked about have a geographical preference? What may be the worst case scenario for the United States and the world in two years at the bottom of the cycle? If the wealth is going from West to East what is the best case scenario in the East? So we invest in the East but what’s going to happen back at the farm? What Arc will send the rest of us to the high ground and what will happen to the low lands? Do we go East to make money and send it home like some immigrants are doing here? Remember the “Victory Gardens” and the “Liberty Ships” that helped us glide through WW II. Do we still have the same mettle to assure a speedy recovery? If we can not get rid of all the politicians and incorporate this country as an LLC and make some real money, shall we and our children start to learn Chinese or Indian or Portugese to invest in and run hotels in the United States if we choose to remain here? Your advice has helped me but when you and I are done with our jobs here will our children live long enough to see the wealth reversing its course to go from East to West if we ever pay our debts? You have successfully forecast the scenario except the dooms day scenario unless there isn’t one?
Your subscriber
jc

Larry,I’m following your e-mails every time andshare your concern about the demise of the US $
I’m a very small investor:1000 shares of Goldcorp tsx,4000 shares of Kingross Gold tsx,
300shares of Encana tsx 1000 shares of Quadra Mining tsx,1ooo shares of Bank of Nova Scotia tsx
500 shares of Royal Bank of Canada tsx.
37 OZ OF GOLD ( 5 kRUGERRAND AND oNE kg OF gOLD )

Please advise me of your recomendation as to what I should do.I’m 74 years old but still manage
my own business ( Construction Management )
Thank you very much for your reply

Jacques

How much time to you think we have to prepare for the demise of the dollar and should we be stocking up on gold stocks and precious metals as much as possible?

Hi Larry,

I m doing auto trades in currency with Russel Sands and option with Chuck Hughs. Should I cash out those auto trades and purchas gold? Or something us you can suggest? Those trades have been down since January of 09. Havn’t done world currency options since January either. What would you suggest I do with these two auto trades?

Thanks Dan Weiss

All comments on our blog are moderated to ensure there is nothing offensive, and that the comments are relevant to the discussion. This takes a bit of time, as we receive thousands of comments and questions when we invite them.

Larry,
I live in Australia and find it hard to believe the spin that we are “insulated” over here because of our resources??. How is the demise of the $ going to affect us assies and what should we be doing??
Cheers
Mal

I NEED TO KNOW HOW TO PROTECT MY MONEY. WE ARE VERY CLOSE TO RETIREMENT AND HAVE A DECENT SIZE NEST EGG-MUCH OF IT IN CASH. I WOULD LIKE TO PROTECT MY ASSESTS. IF I MADE A LITTLE MONEY AS WELL AS PROTECTED MY ASSESTS I CERTAINLY WOULD NOT COMPLAIN.

Larry and Martin,

I’m have joined your service over a year ago; thank you ‘all’ for your caring.

I live in Canada; both of you are from the USA, hense your investing view is US centred. Example, choosing US stock in US funds.

Being a Canadian, I think I lose three ways by following your good advice, let me explain.

First, I need to buy US (falling) dollars with my (growing, I can’t beleave it) Canadian ones; add to it the lost of exchanging the funds back and forth.

Secondly, to buy US ETFs or stocks that are priced in US (falling) dollars that may be half it’s value in the future. You predict these investments will rise to maybe doubling or so. Would this be, in the end, like treding water? Keeping our heads at the same level as the US dollar drops away form under our feet?

Thirdly, after selling the positions, I will have US dollars; I will again need to buy Canadian dollars. Again loosing with the buy/sell exchange rate.

My question. Can you suggest ETFs and stocks that near parallel your suggestions on the Toronto Stock Exchange TSX, so I and others win with a growing dollar along with growing stocks.

I think this might be to much to ask for but, I’m asking.

Thanks for your service and great team, sincerely,
Larry Swanek

I have been buying some gold and silver all along. I have been waiting for the stock market to take a steep drop in hopes that investors will need to sell their gold and silver to cover their shorts. Do you see that happening?

Jim Anderson

The U.S. government under FDR confiscated American citizens’ gold.
What would prevent this administration from confiscating our gold in the name of “national security”?
Is investing in gold to hedge inflation or the collapse of the dollar really a wise thing to do if through our 401k plans, our government could demand that plans turn in and turn over all who have gold in their porfolios?
Thank you for addressing these concerns..

Hello,

Part of my retirement fund is a trust managed by a major bank (trustee) with investments primarily in U.S. and international funds but of course all of the investments are in US dollars. What can I do in a short period of time to salvage this account? Thanks

Larry,
I am retired and have a seven figure IRA fully invested. What are your thoughts on preserving the value
of this account? Any and all suggestions would be appreciated.

OK, what can a poor man do?

If the US dollar goes down, what happens to the Canadian dollar?

Larry;
the advice from all of you at Weiss Research basically saved my retirement account last year but now i must agree we are facing a much larger problem and the possible obliteration of what we have left. Big Ben and the rest of the gang in Washington seem to be living in another country because their descriptions sure don’t match what i am seeing. we have layed off half of our work force and i know of only one of them that has actually found a new job. where do we go to preserve what little we have left. Some down to earth real good suggestions would go a long way right now.
David

We agree 100% and have been out of dollar denominated investments since early 2008. Now, can you tell us where we can buy CDs denominated in other currencies??? The fall into nothing for the dollar is a forgone absolute ——- just a matter of how soon.

If the dollar collapses, will it still be a viable medium in this country or just be a bust abroad. What do you recommend for a considerable amount of dollars invested in CD’s?

Does the IRS make a distinction between assets that create profits via “business” activity, and assets that simply grow in value, because paper assets are inflating? I am referring to holding accounts in paper currencies that buy shares and stocks,as opposed to holding hard assets, such as gold, silver, platinum, etc in something like a safe-keeping account.
If one has assets over $10,000 in non-performing form, are those assets reportable?

If the Dollar goes down or loses its reserve-currency status, what would happen to China’s massive holding? How does China reconcile this dilemma?