So this is sort of a dooms day scinario.
What if the USD as a currency takes a hit. Could be for a number of issues, economic collapse, trade partners transitioning to other currencies, etc etc..
How would i as an investor hedge against such an issue? Do i just find a us index fund, etf, or stock that trades on another currency and set aside some money there?
Hoe would that work?
I know there are people who trade in currency differences and capitalize on sometimes penny differences but how would i defend against a larger change? Something more long term.