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Dollar-Denominated and Non-Dollar Denominated Investments

Listeners’ Questions, Peter’s Answers- June 16, 2011

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Kevin from Portland, OR
What would be the ideal balance between dollar-denominated and non-dollar denominated stocks, bonds, real estate, gold, silver, etc., for a 30 year old with roughly 100K liquidity? Real estate holdings are 80% LTV on $450K home and 0% LTV on a 10% positive cash flow rental worth $270K. Obviously I can’t dump either one right now.

Barnabe from Toronto, Ontario
Could you please discuss your view on the Canadian dollar if and when the U.S. dollar loses its role as the world’s reserve currency or simply continues to depreciate?

Nathan from San Francisco, CA
Considering all of the flat currencies out there and their inherent loss of purchasing power over time, why hasn’t a private currency backed by gold, or a combination of other wealth preserving commodities, become more mainstream?

Jose from Redlands, CA
I will be quitting my job in a few months, and have a 401(k); I’m considering cashing it out, taking the tax hit, and just using the remaining funds to buy a physical silver. Is this a good idea? I’m only 31 years old.

Vegard from Troms, Norway
Is software engineering/computer science a good career choice, or should I go into construction/mining?

Jamie from Mandan, ND
What are your thoughts on nursing homes? It seems to me they are incestuous with government and running a scam, ripping people off similarly to the higher-education system.

Jonathan from Toronto, Ontario
If the U.S. adopts a consumption tax, wouldn’t that alleviate its deficit?

Fabian from Plantation, FL
What is your perspective of gold money? http://www.goldmoney.com/ — the future could have us using debit cards linked to gold and silver, which would be nice.

Jacob from  El Paso, TX
I lost my savings in a Forex ponzi scheme in 2008. I’m trying to rebuild and thinking about building capital through a whole life policy. I read a book by Nelson Nash titled “Becoming Your Own Banker.” Nelson is an Austrian and advocates building savings in policy and then using them to finance yourself. In a nutshell, the strategy is capital transfer recapture.