getting out of the dollar...lots of room for suggestions and comments here!Submitted by usefreedomwell on Mon, 04/14/2008 - 19:27
Respected economists such as Peter Schiff advise to get out of dollar...but what if you have less than $7 or 8,000? Europac ....(I called them twice) seems to be for investors with big portfolios. Who is going to take the time to help invest such little money...the brokerage commissions are too high and the NYSE sort of scares me, because of the dollar crisis..
Even the foreign stocks from what I understand that are exchanged on the NYSE are paid in dollars. What does a person do who doesn't have much money...just buy gold and silver? (The representative at Europac suggested buying gold). Does anyone know about ADR's...(buying foreign stocks through the New York Stock Exchange....are they safe?)
Any ideas about gold ETF's...where you don't actually have the gold in hand, but can buy and sell....and make a profit.
I"M TRYING TO LEARN ALL THIS....but feel lost! If you help me, you will be helping many others on this site who perhaps feel the same way! I've bought silver (still waiting to receive it after almost 2 months!), but not gold...where's the best place to buy gold and is there a difference between say for instance, "Credit Suisse Gold Bars" and others?