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24HourForums.com > Supported Forums > 24's Money Business > I *can't* be the only one who saw this coming... |
| Moderated by: 24HourNut | Page:   1 2 |
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moguitar Guest
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The next big depression will last until the end of man. This particular recession will be mainly the USA and reduction of the dollar's worth. Certain foreign investments will be OK, others not. Precious metals will keep most or more of their value on an international scale, and thus double in dollars when the value of the dollar is half. It is no joke that stuff like toilet paper will be in demand. Ammo will be worth more as a currency. Growing your own food, having no mortgage, less bills, all will help. Dry food and MREs will be nice to have. The much higher unemployment rate will have the illegals leaving, especially when the government can no longer afford welfare and bilingual programs. The desperation of some will lead to more crime. The major recession could last a decade, while the long term major world depression will hit around 2025-30.
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CARLA Original500© Member  Aloha San Diego is Paradise.!!
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I just read some where today that 38,000 people in the mortgage business have lost their jobs. Gee you think..
 Life should NOT be a journey to the grave with the intention of arriving safely in an attractive well preserved body, but rather to skid in sideways, chocolate in one hand, martini in the other, body thoroughly used up worn out screaming what a ride.. |
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Pyrite Original500© Member 
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The illegals WON'T be leaving. They are part of the plan. The dollar is toast and we will soon be forced to become self sufficient as a nation again. It will be like medicine. The US has great weather, fertile soil, the least intrusive (I won't say "free") controls on its citizens, and a completely worthless electorate. Which says that the US will "rise from the ashes" but only after the painful transition from consumers to producers again. At a MUCH lower standard of living. But that's where the "illegals" come in. Another "asset" of the US is its proximity to even CHEAPER labor than domestic and it WILL be utilized to man the machines that we will buy from China to produce our way out of the hole. In the meantime, gold will preserve wealth for those who have wealth and other SOLID assets (real estate) will also benefit. In fact when the Chinese begin unloading their "boat loan backed" bonds (as they will in time) I would expect that they will be putting those dollars into US real estate and become our landlords. And whatever currency is adopted to eliminate the problems of liquidity and waste that is presently eating EVERY country will be backed by gold. Gold conferred power on the Rothschilds and it will do the same to whoever has it at that time. Incidentally, check whatever Int'l bond assets you may buy or own. I was startled to find that my beloved FAX was NOT a "sovereign bond" fund as I had assumed and as it used to be. It is only 48% sovereign bond and holds a BUNCH of commercial paper. I sold it. Swapped into AWF which is 72% sovereign and has just recently changed their rules to allow the foreign bonds to also be held in the foreign CURRENCIES. Or if you don't want to play the bonds due to the limiting factor of the face value being "fixed" you can buy some ETFs that are pure currency plays and pay monthly dividends. FXM, FXS, FXA, FXB, FXC, and FXF. FXY if you don't think the Jap Yen has already peaked. I also don't think that FXY pays any divvys. And..... tops.... GOLD!
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24HourNut Administrator  Body pillows rock!
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Pyrite wrote: Incidentally, check whatever Int'l bond assets you may buy or own. I was startled to find that my beloved FAX was NOT a "sovereign bond" fund as I had assumed and as it used to be. It is only 48% sovereign bond and holds a BUNCH of commercial paper. I like morningstar.com for that purpose - you can check out how a fund's porfolio and exposure is laid out.
The best human beings start good new topics and vote on the better posts. |
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Erinna1112 Original500© Member  Witty clever title pending
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Pyrite wrote: I wouldn't touch gold with a ten-foot pole. You probably won't, as I don't share details of my investments with anyone but my broker. The fact remains, though, gold is historically one of the worst investments out there. If you'd invested a buck in the stock market a century ago, you would today have millions. If you had invested a buck in gold a century ago, guess what you'd have today? Seventeen bucks.
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librtyhead Original500© Member 
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Silver..............I just bought (20) 1964 halves for 1.00 each from the girl at the corner store. Now I hafta go through them looking for accented hairs. Damn! What I would like to know is once the arctic seaways are open will it become another "Gold Rush" and will gold be de-valued if it is found above the new artic circle? Where is the line between greed and need?..................stupid thoughts "under the helmet" 
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Pyrite Original500© Member
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If you had invested a buck in gold a century ago, guess what you'd have today? Yeah, but seventeen HONEST bucks.  Incidentally I agree. In normal situations. I don't consider today to be "normal" with the dollar being supported by nearly nothing. However, I don't just own gold. I own it for insurance against catastrophe. A bit MUCH perhaps at 50% of assets, but I'm comfy with it. And I expect the dollar to do even worse than its latest decline as I am firmly convinced that China is rising and USA is declining. BUT...nevertheless... I also own divvy stocks that pay me for beans and more gold. Sort of a "can't lose" situation. Gold compared to real estate since 1980 is a DISMAL thing. Gold would have to go to $2400 just to be even with a stinkin house bought in 1980. And the RE would give off income. It's just that LATELY, gold has been making up for lost time and after discounting the international devaluation of the dollar is actually outperforming the RE. So....diversity......... is still key. I followed thru on plans to retire with no debts and sufficient income to live on for perpetuity. Having gold on top of that is just some more icing. Riches can come from needing less, too. But... for the immediate future, I believe not holding gold is just foolhardy. 
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24HourForums.com > Supported Forums > 24's Money Business > I *can't* be the only one who saw this coming... | ||||||||||||||||||||||||||||||||||||||||
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