The Mighty U.S Dollar

The U.S. Dollar, (USD) is dropping faster than most of us can remember, and the Canadian Dollar, (CAD) is higher than I have seen since I first started tracking exchange rates seven years ago. With Canada, one of our closest neighbors it pays to take notice to what’s going on. Three years ago I joined an investment club called the Freedom Investment Club out of Vancouver, Canada. The head of the club is Mike Lathigee. Mike was telling us three years ago the the USD was going to be par with the CAD around 2007, and he was right. He also told us that we had better prepare for it by buying investments that would do well in this situation like gold, silver, oil, and other commodities. He also spoke of buying real estate in Canada when the CAD was worth around 85 cents to the mighty USD. As of today the USD at 93 cents to the CAD which means it takes $1.07 USD to buy one CAD. I was shocked how quickly the CAD caught up to the USD and then passed us by. Where it will stop I don’t know, but I’m glad I bought into Freedom Investment Clubs’ real estate fund in Canada. What I want investors to know is that you have got to put some of your wealth in investments that will shield the falling USD. It’s up to you to find out what that might be as I am not a financial advisor. What I have been doing is buying gold and silver, and real estate in New Zealand and Canada. I have also bought exchange traded funds holding gold, silver and oil. These are stock funds that buy large amounts of any given commodity or foreign currency and sell shares of it. This way you don’t have to hold a large amount of metals, oil or currency in your safe deposit box or home. Do yourself a favor and start investigating these investments to keep your net worth growing while the USD is shrinking.