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Author: WendyBG Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 455792  
Subject: Re: Portfolio Strategy in a Global Down Draft Date: 9/15/2008 10:07 PM
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<If the Fed floods the banks with cheap money (essentially "printing money"), the value of the dollar can decline, eating into your nest egg.

I'm not knowledgeable enough about investing in foriegn currencies to make a big swing in that direction and I have as little faith in the soundness of financial reporting in foreign countries as I do with American countries so there aren't many easy, obvious, attractive alternatives.>

I agree with you completely.

The doomsday scenario investment, as we have heard so many times, is gold. However, gold is just another commodity, with no yield and a high cost of converting into cash that can actually be spent.

As you say, no easy answers.
Wendy
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