pyriel
Active member
I disagree with that. I think it's the opposite. A falling dollar means a rise in Euro, Pound, Yen, etc...Much like a rise in the dollar subtracts from the gains in the I fund, for us.
Concur with 350z and Ebb... Falling dollar bad for C/S while Rising dollar bad for I fund.
I think that what we need to learn from this is that this administration has borrowed more money than all the previous administrations combined. In the past when our money was backed by commodities such as gold, they really go a long way. However, When Pres. Nixon decided to detach our currency from the backing of gold, $$ starts to lose its buying power. As a result, our money is now being backed by IOUs.
I am beginning to lose faith with our $$ which is why I am going to start focusing on hard commodities such as RE. Land and buildings (if maintained properly) never goes down in value over time. But if I am to put my money between C/S/I for a long term hold (like within the next year or so) I fund will definitely be on top of my list...
Pyriel;-)