A June 2012 investment newsletter reported, “Investors are falling over themselves to buy U.S. dollars. The popular trade is to buy dollars and Treasury bonds and sell everything else. Sell stocks …...

A June 2012 investment newsletter reported,

“Investors are falling over themselves to buy U.S.


dollars. The popular trade is to buy dollars and Treasury


bonds and sell everything else. Sell stocks … sell


high-yield bonds … sell hard assets like gold and


silver.” What does this newsletter mean by “hard


assets”? Why is the dollar not a hard asset?




May 18, 2022
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