reefdiver wrote:
So what currency have you changed your U.S. currency to? All of it ?
Funny you should ask that.
I've been doing some Internet marketing services in the past few years. Small jobs, nothing major. However, I've had customers from all over the world (wherever English is the main language). I take payments by PayPal.
Up through last year, I had my PayPal account set up for "Convert other currencies to my Primary Currency (US Dollar) immediately when payment is received." About this time last year, I switched that, and I now hold payments in whatever currency the customer pays me in. I have Pounds, Australian Dollars, Canadian Dollars, Euros and some other currencies in my PayPal account right now. And I haven't been losing so much money as the dollar falls against other currencies.
I convert to dollars when I need to withdraw to pay bills. For longer term savings, I've been buying silver (90% silver US coins and 1 ounce Bullion pieces), as well as smaller gold coins and "junk gold" jewelry. Some of the coins and bullion I am getting online. The junk gold, I tend to pick up locally (a bit risky buying that online, you don't know what might come in the mail).
I already have some $100 Trillion notes (from Zimbabwe) which are completely worthless (bought a set of $10 trillion, $20 trillion, $50 trillion and $100 trillion uncirculated bills on eBay for $4.99 shipping included). I fully expect within my lifetime, I'll hold a $1 million or larger Federal Reserve Note.
cc2K:
I am very impressed with this bit of HTML. Kudos!
what online gold/silver dealer do you use?
...Thus, the best thing you can do is to become as self-responsible as you can trusting no shaman and approaching every important decision with a clear understanding that if things go wrong, no one and no entity will be there to make it right. Increasingly, as the sovereign states get noticeably bankrupt, that will be the case.
Viewing the world in that context, its hard to consider the unbacked IOUs of any government a safe investment, no matter how fancy or elaborate are the shamanic runes decorating the paper. (link)