Preparing for a huge debt /
currency crisis demands a different portfolio: quality stocks, some debt - free real estate, and yes, some physical gold (though I do agree that it would have been better to buy a few years ago).
Not exact matches
But that was more a reflection of the
crisis in Europe slowing
demand for Chinese exports than a
crisis in the
currency.
And being the world reserve
currency, whenever there is a
crisis in the market or even a minor scare, the
demand for dollars goes up.
Historically, after a country experienced a financial
crisis, growing foreign
demand and
currency depreciation have often led to a sharp improvement in the trade account that has put a floor under economic activity.
Many Fed officials have noted an elevated
demand for
currency, compared to what existed before the
crisis, but only a few have offered specifics as to the balance sheet's final size.
At that time the
crisis on Chinese exchanges stimulated the
demand for bitcoin, which in turn raised the price of the digital
currency up to $ 300.
The US government's ability to control supply and
demand of
currency was cited by economists as a key factor in managing the 2008 - 09 financial
crisis.