The US Dollar Index Is Falling And This Is Another Way I Am Betting Against It

The US dollar index is just drooping on breaking down through support again. Take a look at the chart.

The dollar went through last year’s low and bounced, but it looks like will end up being another down year for it when all is said and done.

Of course buying precious metals, especially gold, is the simplest way to hedge against a falling US dollar, and you saw how that worked in action last year.

Yes, I’m doing that, but I also decided last year in April to do it with a sideways currency play too.

Instead of buying foreign currencies, that would go up when the dollar went down, I decided to buy a foreign bond fund.

That ETF is EMLC.

EMLC is paying a 5.47% dividend and I hold it as part of the bond portion of my portfolio.

While almost all Americans only own US bonds, I own some foreign bonds via this ETF too.

Just an idea for you to consider, and you can find the details on it here.

-Mike