Friday, September 28, 2007

Spending the Declining Dollar

Declining dollar makes you want to hollar? Well, there are two sides to every coin. Now may not be the most profitable time for Americans to travel abroad or buy flashy lofts in London, but a deadbeat dollar does make our goods competitive (read: cheap) in the international market-- the real estate market, in particular. It's an ideal time to sell your place to a flashy investor from the UK, Dubai, or even Canada. Yes, for the first time in 30 years, the US greenback has hit rock bottom to par with the Canadian loonie. Ouch.

For those investors who earn Great British Pounds, loonies, or some other currency that isn't the US dollar, you may be interested in investigating investment opportunities in other countries that use the US dollar or peg their currency to it*. Here's a list:

Panama, the Bahamas, the Cayman Islands, British Virgin Islands, Bermuda, Belize, Qatar, Kuwait, The United Arab Emirates, Syria, East Timor, Ecuador, El Salvador, Marshall Islands, Federated States of Micronesia, Palau and Panama.


*Obviously, there are a few other things to consider (politics, real estate laws, etc.), besides thriftiness.




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