Posted on 02/26/2009 6:45:03 PM PST by teg_76
GLD
Two metals. GOLD and LEAD.............
Agreed.
weaponry, munitions, defense
My investment guy just put out a letter to clients saying that he is going to start advising his clients to invest in gold, silver, oil, and other commodities ... things that should hold their value until the economy recovers. He’s getting less and less optimistic that things will get better soon.
Barrel staves.
Perhaps gold.
GOLD, GLD, Precious metals funds, stainless steel and lead is always a good investment.
Beans, bullets and bandaids... you can’t go wrong.
Putting “a major amount” of your money in any one thing is economic Darwinism.
I think it’s quite possible gold may be peaking, too. Gold isn’t an investment, it’s a hedge.
Think about buying a few cash-flow positive properties. Just account for a possible slide in rents. But when/if inflation hits, it’s a good deal.
Diversify the rest and be content.
Absolutely true, and this bears repeating. The same is true of any of commodities (some are more speculative than others, but none are true investments).
I actually switched from GLD to CEF. CEF has more silver exposure, which may have more upside (debatable), and GLD has some worrisome issues concerning whether or not they actually have the gold that they claim to have.
CEF has an actual address in Canada which can be verified for their gold holdings. Moreover, FDR, rather, Obama cannot confiscate it in a crisis situation.
Gold ETF (GLD). I also like agriculture in the next 5 years - ipath (JJG) is good as is Powershares Global Ag (PAGG). Muni bond funds are also good - NEA, PMF, & NUV.
Stocks are rough, but if you’re young, a lot of stuff is on sale. Personally, I own Exxon, Chevron, Marathon Oil, Apple, McDonalds, Wal-Mart, Monsanto, Transocean, & AT&T. Banks are terrible at the moment, but I think if you’re thinking long-term, I like BB&T as well as Goldman Sachs.
Then again, I’m a quasi-amateur. ;)
Actually some money in junk coins (old US coins that are 90% silver and bullet reloading supplies. Press, dies, lead molds, lead dies, powder, primers, and powder. Brass is optional.
I sold all of my guns and have no ammo nor reloading supplies. We needed the money.
Physical gold and silver, 90 percent and 40 percent junk silver. Gold stocks GTU and CEF, stay away from GLD and SLV etf’s, they are run by the Wall Street combine and lease, trade, hedge the metals and no one really knows if they own it or not.
Invest in a high quality pistol you can carry, and learn how to use it, keep your cash in a big bank such as ChaseJPMorgan that you can access from abroad, and if you want a 401k put it in a Schwab money market or Vanguard money market fund to get the match from your employer. Putting 30% of savings in physical gold is a good idea, and physical silver is also a good idea. Stay out of equities (will go down) and stay out of bonds (counterparty risk) for at least the next 2 years. If you must buy a house buy a small one in an area with high turnover. Anyway that is my advice for someone just starting out.
That after thought hurt ?.........:o)
Think about it!!!!!!!!!!!!!
I mean, haven’t you sold all of your guns?
Or maybe they were stolen or lost.
The chair is against the wall.
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