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US Dollar Getting Stronger or Weaker?

DerekJohnson
DerekJohnson Administrator, Swaye's Wigwam Posts: 68,558 Founders Club
edited May 2022 in Tug Tavern

Comments

  • greenblood
    greenblood Member Posts: 14,560
    edited December 2021
    Depends

    In general terms, it's always weaker which is shown by inflation. In comparison to other countries, I think it's holding up quite well.

    I generally try to hold as little cash as possible. I like having interest bearing or value variant assets that can convert easily to cash. (stocks, bonds, gold, silver, crypto) etc.

    Don't get me wrong, it's good to have some cash in savings for emergency, but in reality, hoarding large sums of cash is for suckers.
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,206 Founders Club

    Depends

    In general terms, it's always weaker which is shown by inflation. In comparison to other countries, I think it's holding up quite well.

    I generally try to hold as little cash as possible. I like having interest bearing or value variant assets that can convert easily to cash. (stocks, bonds, gold, silver, crypto) etc.

    Don't get me wrong, it's good to have some cash in savings for emergency, but in reality, hoarding large sums of cash is for suckers.

    Unless you have a bunch of cash on hand before the bubble pops. Then it's good to be liquid with little downside risk.