Ditto here. Gold is down, the dollar is up because everyone wants dollars as Ben is getting ready to raise interest rates again. I think the dollar has long term potential decline issues, but those losses are many years away and they are potential losses.
What do you think of euros for diversification, say 5% of assets? All of Europe is holding euros, and if it’s good enough for them, shouldn’t it be good enough for us? After all, they have a strong economy. I think the petrodollar might become the petroeuro, driving up the demand for euros even more. The downside is that the exchange rate is bad for us right now.
Why should we hold our entire assets in US stocks or US dollars? Isn’t that risky, too?
