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RE: Diversify Out of the Dollar!

in #money7 years ago

The funny thing is I agree with your sentiments and am on the same wave length. However, I've been an investor long enough to see when we are still a ways away from something changing.

The Euro was an attempt to create a currency that could replace the USD as the world's reserve. That was a failed experiment. The Chinese Yuan is the only other currency/economy larger enough, but they will never let their currency float. They will peg it to whatever they want, just the way it is.

So maybe a crypto takes over? I love this idea but that is probably a decade away if not decades. Hoping I'm alive to see this fundamental shift but probably a long time coming.

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Timing is anyone's guess. I buy precious metals as a long term savings method. Cryptos have certainly taken the lead at the moment. Thank you for reading and commenting!