Wealthy Arabs -are they running to the FIAT$ exit gates?

in #money4 years ago

Wealthy Arabs, which many Western based Economists are signally are experiencing dwindling fortunes, have now

  1. bought the "world's most expensive" painting
    Screen Shot 2017-12-17 at 3.06.25 PM.png

and now IN THE SAME MONTH:

  1. Bought the "world's most expensive" home ever sold !!!
    Screen Shot 2017-12-17 at 3.02.59 PM.png

You Crypto/Precious Metal believers out there may well be asking: Is this a bubble??; or is it a statement on how they feel about the US dollar?

Just have a look at the DXY chart:

Screen Shot 2017-12-14 at 1.40.30 PM.png

Maybe the best answer - as there is no sure thing in this world - is well diversified holdings of your wealth over multiple assets categories - whether crypto-based, tangible-hand held, or even some printed FIAT in it's tangible form.

If all else fails - buy some chickens & befriend a Venezuelan for some advanced survival tips.