How to "get out of dollar denominated assets"?Submitted by freedomfan08 on Tue, 08/12/2014 - 17:03
I have heard Peter Schiff use the phrase "get out of dollar denominated assets" many times during his interviews. This may be a dumb question, but how does one actually do that? For example, if I use an American brokerage to buy a mutual fund that invests in foreign companies, is that getting out of the dollar? The fund still shows up in my account in dollars.
Obviously, there is gold & silver. But I'm asking specifically about how to invest in companies abroad. Does one open a foreign bank account and then buy the stocks or funds from that foreign bank account? Thanks, DP, for you help.