Monday, May 1, 2017

Investing in other currency terms VS the US Dollar

People need to understand, if you buy Soy Beans, you buy Beans, you've sold Dollars. You made the bet that the Dollar is going to weaken and you would rather own beans versus the Dollar. If you buy Crude Oil, you have effectively made a bet against the US Dollar. If you bought Gold you really made a bet against the US Dollar. I rather own Gold in currencies that I think are going to fall in value. There will be a time when I will have no interest in Gold in Euro's and Yen terms. For now I think the Yen and Euro will continue to weaken.