I'm curious, what is your take on all this? What do you think will happen to our DJIA and our dollar if China floats the yuan. I'm thinking now is a good time to buy some raw silver, such as 1 oz American silver eagles, 1 oz Canadian silver mapleleafs or 1 oz Silver Mexican Libertads? I don't see gold doing much but I like the long term on silver.
It is always a good time to buy the silver coins you talk about. There is no counter party risk or debt attached to these coins. They are one ounce of pure silver and, unlike paper currency, they have intrinsic value.
I am no expert on currencies and commodities. Maybe you posted to wrong person perhaps? :-)
But since you posted to me I'll throw out some thoughts FWIW. I am a retired person and long term investor. I don't gamble and I spread my money around all the asset classes. I don't invest any money unless I won't need it for 10 years. As I have gotten older I have come to appreciate solid blue chip companies that have been paying dividends for decades. Seems boring but some of these players have done well. Then if you think the market could go down 50% (could happen at any time) then so what do I care about the stock price if I hold it forever and keep getting 3-5% dividends to fund my lifestyle. Despite all the nattering naybobs of negativism I think the US will survive these liberals and keep going for quite a while. I am long term bullish on US as money has almost nowhere else to go.
Silver has been going downhill steadily for 2 years. If one wants to speculate go for it. I don't invest in gold or silver but that's just me. People have been getting routed because politics affects their investing decisions. I never invest based on politics. It is more complex than that. Some bailed out of the market when Obama got in and just knew the markets would tank. Wrong. In spite of Obama the markets did great mainly due to low interest rates and fed manipulation. Eventually the walls will come tumbling down but that could be a long ways yet.
If China floated the yuan it is likely that their currency would appreciate, increase the price of their goods and adversely affect the US economy. Over time we would get out goods elsewhere. That is why China is not doing it IMO. To those that say - great - they hate China and want manufacturing to come back to the US I say that won't happen. We are too fat over here with high wages and we can't complete with cheap emerging market labor. I think we should force selective manufacturing here for security purposes but routine crap I bet we continue to get it from cheap labor hellholes somewhere else.
Sorry for long post - particularly if I am the wrong person from which you wanted an opinion. :-)