A Safe Investment?

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Dear Bob,

I live about 60 minutes from the Canadian border and have opened an account in Canada in Canadian dollars. While they may not be as good as Swiss francs, will the Canadian dollar be an acceptable way to shelter wealth from a collapsing U.S. dollar?

Thanks.

Rod

Dear Rod,

You are right that Canadian dollars are not as sound as Swiss francs. Canadian dollars may provide you with a cushion, as Canada has done a pretty good job of weathering the recession. However, the Canadian economy is tightly linked to the American economy, so the Canadian dollar should in no way be considered a safe haven.

Best wishes,

Bob

 

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.