Confidence in the US Dollar has fallen sharply

[ua_guy]

Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump

https://apnews.com/article/dollar-trump-tariffs-trade-safe-haven-china-c108fd36a3122f85872ad34ba5f5d977

Since mid-January, the dollar has fallen 9% against a basket of currencies, a rare and steep decline, to its lowest level in three years.

This is pretty scary if the trend continues, and the continued efforts to destabilize the US dollar is playing with fire.

[QuarterMillionMan]

Ever since 1971 when the dollar was taken off the gold standard the dollar has been manipulated like a lonely old man falling for sweetheart scams. Doesn't matter which president is in office now or in the future. Why hold all your eggs in one basket, the dollar or any fiat currency for that matter (ie, Euro, Yen, peso, etc). Euro used to be 1.5 - 1 dollar now it's closer to 1 - 1. Diversity some of your assets into maybe owning real property like another poster on this forum who owns 5 properties, or maybe collectibles such as fine art, diamonds/emeralds/jewelry, baseball cards, classic cars, etc. I'm into precious metals and cryptos. Should the dollar lose its status as the world reserve currency anyone who off loaded their dollars wins, game over. I hope this never happens but one never knows these things until it happens.

[ua_guy]

Ever since 1971 when the dollar was taken off the gold standard the dollar has been manipulated like a lonely old man falling for sweetheart scams. Doesn't matter which president is in office now or in the future. Why hold all your eggs in one basket, the dollar or any fiat currency for that matter (ie, Euro, Yen, peso, etc). Euro used to be 1.5 - 1 dollar now it's closer to 1 - 1. Diversity some of your assets into maybe owning real property like another poster on this forum who owns 5 properties, or maybe collectibles such as fine art, diamonds/emeralds/jewelry, baseball cards, classic cars, etc. I'm into precious metals and cryptos. Should the dollar lose its status as the world reserve currency anyone who off loaded their dollars wins, game over. I hope this never happens but one never knows these things until it happens.

Don't normalize this. 9% drop just in the last few months due to specific, targeted actions to undermine the US economy and its currency. Gold can lose its value -- and what value does it have, if you're hungry and you can't trade it for food or ammo? Crypto isn't backed by anything of real value, either. Only the psychological value we assign to it. How does one trade Crypto when you can't connect to the internet?

[QuarterMillionMan]

You had to get me started on using gold/silver to barter. 1 goldback (1/1000th of an oz) maybe 4 years ago I paid about $3 each. On APMEX today the listing price is $6.89 each, 1 South Dakota Goldback - Aurum Gold Foil Note (24k). Pictured are mercury dimes, 35% war nickels, 90% dimes, quarters, halves, and silver dollars. Today a war nickel is about $2.50. mercury dime $3, 90% quarter $5, 90% half maybe $12, silver dollar $27.

[ua_guy]

And the dollar drops further... https://finance.yahoo.com/news/live/...133040210.html

After presidential meltdowns on Twitter over Easter, now the focus has turned back to name-calling the Fed and urging executive control of the agency. Stocks are falling again, confidence in the dollar is falling, again. What exactly is the intended outcome, here?

[disneysteve]

What exactly is the intended outcome, here?

Let's stick to the financial topics, not the political ones.

[ua_guy]

Let's stick to the financial topics, not the political ones.

It is a financial topic. What do we have to gain by lowering the interest rate when the Independent Fed says no, it's not time? Countries that lack an independent central banks have higher inflation.

[QuarterMillionMan]

Gold today is $3411. Get some as a hedge. Peter Schiff must be thinking “I told you all.”

[ua_guy]

Gold today is $3411. Get some as a hedge. Peter Schiff must be thinking “I told you all.”

That may have been a safer move than hedging by putting money into CD's. At 4.3% I will barely stand to outpace recent inflation, and that's not accounting for the devaluing of our currency.

[myrdale]

Ever since 1971 when the dollar was taken off the gold standard the dollar has been manipulated like a lonely old man falling for sweetheart scams. Doesn't matter which president is in office now or in the future. Why hold all your eggs in one basket, the dollar or any fiat currency for that matter (ie, Euro, Yen, peso, etc). Euro used to be 1.5 - 1 dollar now it's closer to 1 - 1. Diversity some of your assets into maybe owning real property like another poster on this forum who owns 5 properties, or maybe collectibles such as fine art, diamonds/emeralds/jewelry, baseball cards, classic cars, etc. I'm into precious metals and cryptos. Should the dollar lose its status as the world reserve currency anyone who off loaded their dollars wins, game over. I hope this never happens but one never knows these things until it happens.

Spot on!!

[ua_guy]

So how does devaluing the US Dollar help anyone, again?

[EasyMoney00]

My in laws have around $70k in gold coins. They paid maybe $25k for them. It represents a small fraction of their NW. We were given a couple of them. No interest in selling. We just think they're cool. I believe they were shipwreck coins. Not rare by any stretch of the imagination. Now, let's get this party started!

[disneysteve]

So how does devaluing the US Dollar help anyone, again?

It doesn’t.

But you’re looking at the administration’s actions in terms of economic impact but you can’t really discuss them here without delving into the political motivation behind them and we’re not going there.

Any discussion of the tax increase and other actions is fundamentally political in nature.

[ua_guy]

It doesn’t.

But you’re looking at the administration’s actions in terms of economic impact but you can’t really discuss them here without delving into the political motivation behind them and we’re not going there.

Any discussion of the tax increase and other actions is fundamentally political in nature.

Yes, because we've been told by moderator staff that we can discuss economic impact and tax increases because they are fiscal policy, not specifically politics.

Just let us talk financial politics...it's not like this board isn't circling the drain anyway, heck, it might actually drive engagement and get James some more clicks on his ads.

[EasyMoney00]

Just let us talk financial politics...it's not like this board isn't circling the drain anyway, heck, it might actually drive engagement and get James some more clicks on his ads.

It would probably be good for your mental health to not discuss political views on the internet. No one is going to change their mind no matter what you say. No one ever feels better when they rant and get angry. I would recommend a nice hike in the mountains. Go on vacation, get away a little. Turn off the news and enjoy your life. I'm not sure of your age but time goes by pretty quick. Don't waste it on politics. You'll make more of a difference planting a tree than ranting about elected officials.