Post
Topic
Board Economics
Re: Advises 'Get Rid of Your US Dollars Now (Economist Peter Schiff)
by
Darker45
on 12/04/2023, 04:33:52 UTC
The advice has to be qualified further. If Peter is saying everybody should be getting rid of their US dollars now and shift to Bitcoin, then perhaps it makes some sense. But if he is simply saying get rid of the US dollars, that's a bit misleading. As a matter of fact, if I kept my savings in USD rather than my own local currency, I would have made a decent profit. So which asset or currency shall we be converting our US dollars to? Gold? It barely even moved for the past 10 years.