Silver coins--- starting to build a reserve for when the dollar crashes.

[mb7050]

when the dollar crashes I got plans for where I'm going to invest my money.

[Turbo Beast]

I got euro's

[1stStealthN/A]

A neighbor is saving old platinum tipped spark plugs. Is he nuts?

[a2j]

I heard arab "dollar" will be coming out because of weak and unstable us dollar. is this true?

[Telionis]

I heard arab "dollar" will be coming out because of weak and unstable us dollar. is this true?

I haven't heard of any Arab dollar. But the oil rich Middle-East countries have said they want to move away from using the US Dollar as the currency used to price oil. There is strong talk of them moving to the Euro. (Not using the Euro themselves, but pricing their exported oil in € / barrel instead of $ / barrel). In this case, oil prices for the US would constantly fluctuate as the euro rose and fell, instead of as it is today, where Europe's oil prices fluctuate as the dollar changes. There is also talk of using yuan since the Chinese would be the biggest buyer of oil by that time, or even just gold.

If we had the common sense to invest in nuclear, renewables and far more efficient cars like the Volt, we'd have no concern. Since we don't, if this change goes through we will have far less bargaining power when it comes to buying oil, and possibly other goods. We will likely fight this change tooth and nail, and that fight may piss of China, straining our relationship seriously.

I don't think as an individual you can do anything to protect yourself save for buying barrels of oil. Any foreign currency investment is just a bet, since the dollar could instead increase in value, losing you money. Precious metals also have the same problem. They will of course always be worth something, but you may lose a good portion of your investment. Frankly, the best bet is real-estate. Aside from the housing bubble burst roughly every 30 years, real-estate almost always goes up.

A neighbor is saving old platinum tipped spark plugs. Is he nuts?

Yes. How much platinum is in a spark plug?