The Coming Currency Collapse

I wish it was not true but the way things are currently going the major western currencies, the US Dollar, Euro, Pound, Yen will all collapse before the end of the decade and new currencies will take their place.

 The only assets worth having are tangibles, commodities, unmortgaged real estate and the only real money – precious metals bullion.

 The major western economies have so much debt they can only keep paying the interest if they manipulate the market so interest rates are close to zero and way below "real" inflation (i.e. stuff you need like food and energy). Also western economies are continuing to run deficits every year of around 40% of tax revenue and if you count unfunded liabilities like future health care and public pensions it is over 100%.

 The only policy the governments have is to print money to meet these deficients. Eventually people will flee the currencies and move into unleveraged hard assets - commodities like gold and silver, shares of quality companies who will survive the currency collapse, or maybe real estate or agricultural land if you can buy with little or no borrowings.

 It is kind of irrelevant what the price of commodities today is in currencies that are going to collapse. It is more important how many ounces of gold or silver or acres of agricultural land or number of shares quality companies you have than the price in say US dollars. The collapse could come very quickly so you might not get time to move from cash and bond holdings into hard assets.

 I wish it were not true and putting your savings into commodities will only protect them from collapse, you will not make alot of "real" money.