I keep hearing about our paper currency becoming worthless and this really has me worried(Please read details)

Question

I keep hearing about our paper currency becoming worthless and this really has me worried. I have a little over $251,000 in a Brokerage fund. Would it be a wise decision to pull all of my money out of there and convert it to gold bullion or buy a bunch of gold coins? I seen that the price for an ounce of gold is around $700 now. Will it keep going up?

Answer 1

Please do it, and I'll buy all of your gold for $750 an ounce, so you can make like $50 bucks an ounce off me.

Answer 2

I have 20% of my networth in gold bullion and about 3% in silver bullion

http://frenchgoldcoins.info/Coins-and-Pa...

I think the dollar is going to become worthless over the next few years but I wouldn't liquidate my stock holdings just because of that. invest in foreign companies/currrencies instead.

http://livingoffdividends.com/2008/03/14...

Answer 3

I'd suggest putting your cash into resources... This is the beginning of a period of time when hedging makes sense. The US govt is printing paper money like there's no tommorow.

Answer 4

No my friend thats a different issue. I think investing in Forex is a best option. your currency would be in an electronic form and you can anytime play with it.

Answer 5

I am not worried about the dollar becoming worthless.  I am leaving my six figure portfolio in the market.  But if this does trouble you greatly, you could take 5 - 10% of your portfolio & buy gold bullion.  

Having said that, don't be suprised if your gold declines in value.  Gold & precious metaIs may well be at their highs.