Monday, July 31, 2006

Book: Demise of the US dollar...

I spent 1 week and finished this book: The demise of the US dollar and why it is good for your investment. I was reading the simplified Chinese version. The main theme is simple: US dollar, since it unpegging with Gold, known as the Gold Standard, keep on depreciating, and will continue to depreciate.

Though I am not living in America, HK dollar, on the other hand, is pegged with US dollar. That means my HKD cash would continue to depreciate. My decision is to keep as few cash as possible, by investing in stocks, stocks in other countries, e.g. China, Japan. The key is minimum cash holding. Well, holding currency in Euro, Yen, Australian Dollars are fine :)

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