Major recession and fallout of the dollar

[Scanner]

I have 33% of my retirement portfolio riding on silver. It's up like 30% in 15 months.

Silver is the poor man's gold.

IMO, 5% isn't enough.

Truthfully, although I am bullish on silver, I wish I had put my money in USO at the time - I would have doubled it.

[Broken Arrow]

While Scanner and I have had our differences, I must agree that if you are bent on preserving your assets, I think a precious metal fund is the way to go.... Scanner and JimOhio can help you with that in further detail.

If you still like currency, I would go with Swiss Francs. They are famous for its stability, whereas the Euro and Yuan may be affected by the US economy.

But, if you are to buy now, let me reiterate that you'll be paying a premium for something that is costing an all-time high right now.

As for the Forex comment, it was tongue-in-cheek. I have yet to participate in Forex because, as an American, I don't have to in order to hold Dollars.

On a more serious note though, I don't recommend timing the market.... Recession is something that is based on at least 2 quarters of market performance... probably even longer if you're waiting for the US government to acknowledge it.

But think it about: By then, we're already well into it! I tell you, the people I know who have "run from the market" did so back in 2006! And it was fine back then because they were at least somewhat ahead of the curve. These same smart group of people, at this point, are JUMPING BACK into the stock market!

True, the market could fall some more as well. I wish I could tell you for sure, but I can't. I don't think anyone can. However, if you must time the market, I recommend to time the present, not the future. And at the present, the US market is soft... in a way that we may already be in a recession and bottoming out. So, I'm full-steam ahead on buying right now.

[zooracer]

thanks again for all the help guys.

I've gained some new ideas and appreciate it all.