I’ll try to stay nonpolitical, but I feel this is a valid question. Every day internal and external players pit the US against itself. Now it seems we’re taking up arms against each other, and the government is encouraging it. If things continue to get worse, and confidence in the US/dollar is shattered, where is the safe place to put your money? Gold and Crypto are the obvious answers, but I’m thinking if banking systems are shocked and big players go down, your account may not be fully backed. Some ideas:
1) I had thought of Saudi Aramco, but you can’t buy it
2) Stock markets of countries that don’t rely on the US
3) Can you buy stock mutual funds that are denominated in foreign currencies?
4) If you buy a European stock (Orange, for example) on a US exchange, does the “value” remain roughly the same no matter the exchange rate between currencies?
5) Can you open a bank/investment account in a foreign country and purchase stocks directly there?
6) Would countries with debt denominated in dollars suddenly become solvent?
Any other thoughts or suggestions are welcome.
Submitted August 30, 2020 at 09:33PM by throwaway4junk30 https://ift.tt/3501NOX
