FAQs Frequently Asked Questions
Q: Could you provide some thoughts on how you would hedge against the continued downtrend of the USD$? I am a Canadian with a large percentage of my portfolio in USD$. I do own SLV/GLD which is currently the way I hedge against the USD$ devaluation but am not comfortable with precious metals becoming too large of a percentage of my USD$ portfolio.
A: A falling US dollar means hard assets should continue higher. Thus you might want to continue to focus on commodities and precious metals. If your precious metal holdings have become uncomfortably large, you might sell some off and switch into other commodities and/or ETFs that look viable.
Some ETFs include currency ETFs so you might choose ETFs that track the strongest currencies to move money into after you sell part of your PM holdings.
We dont trading in foreign markets or in currencies. We use the US market to gain exposure to foreign markets and potentially currencies.
First published: | 29 Apr 2011 |
Last updated: | 29 Apr 2011 |