so, I don't know if I would support this argument about the demise of the dollar (well, not any time soon, but my definition of soon, is still pretty soon), but I am definitely positioning for a drop in the dollar.
about a 35% weakening in the dollar feels about right, from here over the next three years.
https://www.bloomberg.com/opinion/artic ... f=fIqbqIlF
I think that also about fits the pattern seen after the 2008 crisis, relative to the peso.
For those that need a refresher, the dollar weekend with the flow of stimulus money out of the U.S. and other developed countries. Chilean peso hit 450 to 500 to the dollar. Copper took a bull run.
I am betting on something similar happening this time. I do not think we will get that strong peso, as Chile's deficit spending has been gaining speed for a few years. That should off-set tendency of the peso to get overly strong, as those debts are dealt with and the other economic damage in recent years.
I have become fairly comfortable with copper as a stash of cash (speaking mining stocks here, not physical copper); and, of course real estate.
still can not get excited about gold, and as was pointed out in that article bitcoin and gold will never be sufficiently large markets to soak up a that liquidity. But if it makes the gold bugs happy, I did buy a gold pan for sport.
anyway, a commodity bull run will be critical for Chile to start getting its head above the budget high water mark, and reactivate the economy when this is all over. low oil prices are their own global economic stimulus package.
Lithium was beat-up bad, and will be for some time, but with imminent implosion in Argentina, all those junior miners over the mountain will disappear for a long time to come. Bolivia will never produce. The small guys can not afford to compete with the likes of SQM.
other commodities should do good (chile does mine and produce other things than copper).
Real estate in the south of Chile should be a fairly hot item too, once these boarders open a bit. There is going to be a whole lot of people, looking to get way, way, way away from the rest of the human species; and there are not many other places on the planet with the combo of things southern chile and the Patagonia have in large volumes.
I definitely believe anyone with two pesos, pounds, euros, dollar RMB, are going to want to take a plan B seriously; because this shit is no longer a conspiracy theory / Black Swan. That black swan just smashed through their windshield, and it is obviously dangerous to live in a densely crowed urban environment (always has been, now it just obvious).