Monday, January 19, 2009

United States dollar to crash?

The best selling Rich Dad, Poor Dad author, Robert Kiyosaki recons the financial crisis is far from over. His view is that the US government bailout won't work and in the long run will lead to hyper inflation, since they are basically printing money to bailout the financial institutions. This may sound far fetched, however if the bailout is not funded by the tax payer I guess that is how they fund it, they will print money! I guess time will tell!

Roberts view is that prepare for it by buying gold and silver, what he calls God's money and a great hedge against inflation. In SA there is a Gold exchange traded fund, or I suppose you can buy gold coins. Apparently Mandela coins have or will be released into the market shortly.

With commodity prices dropping this seems like a leap of faith, I wonder how things will pan out.

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