If the dollar collapses would a 3X Financial Bear ETF be a good way to play it?
My personal opinion is that there are probably better and less risky ways to play the dollar collapse. The risk here is that the dollar might be in a steady decline rather than a out and out collapse and your 3x bear might drive you to despair in the mean time. I actually was not aware that there is a 3x financial bear etf. I am aware of a couple of 2x. They have not been performing too well recently. Many believe that natural resource stocks are a safe way to protect against the collapse. Buying an option on GLD might be better–limited risk. Mar 2010 120 is selling for 2.00. Pretty large open interest so there are quite a few folks you think GLD will be trading about about 128 by then.
