The dollar getting hammered. Gold could break $1k and ounce tomorrow.

Saintshizzle said
Alright Brandon, and our other fellow economists in here, help us out a little.

What is a man like me to do in this situation? First, some background: I have been saving for quite some years in the military (actually, almost the entire time), have some mutual funds, saving in the TSP program for many years as well. I am already set for me and my misses if I retired from the military today. I may stay for 30, to get 75% retirement or I may get out and work 20 years somewhere else. Bottom Line...I will be continuously saving for at least another 20 years.

I feel like I am the average american middle class (maybe considered upper, if all my investments are calculated) and have no idea how to make any of this work to my advantage. The housing market, oil situation, sliding dollar, rising gold prices and the unstable market makes me want to tear a hole in my bed mattress or the hem of our curtains. I know that I am not alone here...

Shiz

I wish I knew. I have just been buying physical gold lately and playing around with penny stocks. Neither is for the faint of heart and neither would probrably be what you are looking for since we are in completely different situations.

Gold and silver offer excellent ways to hedge the dollar. Oil and energy stocks are also pretty safe bets but all are riding high and a depression or hard recession could lower demands popping yet another bubble.

The Europeans have shown that they want to head off inflation making the Euro a good bet. However, the farther the dollar declines it will put more pressure on Europe to cut rates and they may intentionally lower the Euro reducing the benefits.

A lot of people are buying up real estate and housing since the prices have fallen so much and they are using this to both hedge the dollar and as an investment for when prices go up. This is risky since the real estate bottom still hasn't been found.

Really, I don't have a whole lot of answers, the best I can tell you do is to look on the internet at options for your situation and make educated decisions. I would suggest staying diversified.