Posted by jack cain on Thursday, September 20, 2007 at 14:24:15 :
In Reply to: US dollar plummetting posted by David Sherman on Thursday, September 20, 2007 at 13:56:30 :
Alan Greenspan said that he expects double digit interest rates to occur within the next 5 years because of current monetary policy and failure to control government spending.
So if you are comptemplating a large purchase and a long mortgage, now is probably the time to take the plunge.
Taking a position in precious metal stocks (not buying them directly) as a hedge against inflation might not be a bad play either.
And no, I am not a gold bug and have only intermittantly considered gold in the past 35 years.