How Can I Recession Proof $12,000?

Q: The dollar keeps going down in value. I want to move the rest of my dollars into something else that is recession proof. Please give me suggestions and how to do it.

A: If you are concerned about inflation - the decreasing value of the dollar - the answers you've heard before: Gold, Silver, Commodities, Real Estate, etc. are all wrong.

1. Gold and Silver act like other currencies against the dollar. Putting your money into them would be like putting it into the euro. Great for now, but when the dollar goes up, gold and silver come down.

2. Real estate is an investment like any other. People always say 'it's secure' but all you have to do is watch the news to know that there are thousands out there who are losing their shirts in real estate investments.

The problem you face is twofold. first: inflation means that if you just sit on your dollar it will be worth less and less. Second: if you invest the dollar the recession may take it away from you.

You have to pick one of these to stop being afraid of.

Either invest the money and beat inflation in the long term, or put it somewhere 'safe' and watch it go down in value over time.

I say don't be afraid to invest. Just because things are bad right now doesn't mean they'll stay bad forever. Set up a ROTH IRA for yourself or something.

By: Greg H