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iMoney: Profitable ETF Strategies for Every Investor by Tom Lydon, John F. Wasik

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Chapter 7. A Buck Isn’t Worth a Dollar: Currency ETFs

 

I handle my wife’s investing. I’ve been messing with this kind of thing since 1978. I use a spreadsheet, keep track, run the market. I track about 85 ETFs and several mutual funds. I am 100 percent international. Nothing domestic.

 
 --Bob Grayson, ETF Trends reader

Because of its huge national debt, trade surplus, and the government’s constant need to borrow money, the greenback was no longer on the top of the heap by late 2007, in terms of currency values. Ever since the dollar was delinked from gold reserves in the 1970s, its value has been floating in a sea of other currencies.

As a reserve currency—that is, one that is used as a denomination for things such as world oil prices and government ...

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