That leaves $2,500, right? I’d recommend a quality AR-15 rifle and a thousand rounds of ammunition.
I would look at the 20 year return on gold before doing that.
track a good natural resource mutual fund- there are several available....i moved a lot, i mean a lot of money into natural resource funds in 01/09 knowing what a calamity obozo would be- the funds have since more than doubled....the 2-3 returns should be good, though i don’t know they will double...
also look into some international funds; specifically heavy in china, brazil and germany...
Why buy at a MARKET HIGH?
Consider diamonds and prescious gems. It's portable and goes UP in value and not sold as such an inflated price as is gold, right now.
The are; VOG, KOG, and another higher one, with about double the production planned for 2011, “Whiting”.
I’d take a hard look at the 1980 gold chart too.
Silver will go up faster than gold because it is a preferred metal for genuine coinage.
When the dollar dives, demand for silver to mint new coins will skyrocket.
...they are 90% silver and cannot be mistaken for anything else....and are small enough denomination to be useful to use in small transactions.
SLV on the NYSE. Buy at 30-32. Or buy physical silver coins. Wait a few weeks though. We are getting into the typical summertime lull in regard to silver and gold. Prices traditionally go down and spike back up in fall.
Gold and silver and always take physical posession and shop around for price.
This site is handy for prices
Mike
It’s her money? What does she think should be done with it?
Equities have the best history of course. Since she is young they are likely to be her best bet. Since you don’t believe in the US economy or the American people, you will want to have her diversify internationally.
Does she have any intension of buying a house anytime soon or does she own a house now? If so, that makes gold a bit redundant in her portfolio.
Well, after looking at all these suggestions I think your choice is obvious.
Guns, ammo, food, water
Supporting candidates that want to control the size of government
No investmensts are going to help you.
Guns, ammo, food, water
Supporting candidates that want to control the size of government
No investmensts are going to help you.
Guns, ammo, food, water
Supporting candidates that want to control the size of government
No investmensts are going to help you.
When checking out historical comparisons, it’s always more elucidating to use the CPI converter located at:
http://www.bls.gov/data/inflation_calculator.htm
It shows the 1980 peak of gold at $850 adjusted for the subsequent devaluation of the dollar would be $2,320 in today’s terms
Just food for thought.....
Neither gold nor silver are in a bubble. They are going up because the free market is beginning to realize the awful reality of the world fiat currency market - that it is all based on irredeemable debt.
All fiat currencies - especially the dollar - are going to painfully devalue within the next 18 months. As they do so, vast amounts of capital is going to rush into precious metals as people seek to maintain their buying power.
Precious metals have a long way to rise in both price and buying power. Gold will eventually rise to the level where 1 oz of gold will have the same sticker price as the DOW index. In other words it will rise at least eight times from where it is now.
Silver will do what Gold does, but faster/higher. I expect it to rise to about 16 times its current buying power.
Here is a link to a useful set of 10 or 11 short films about why Gold and Silver are good investments right now. They were made by a guy named Mike Maloney about a year or so back, when silver was ~ half the price it is now.
Finally: here is a picture of some of my private hoard of silver. The fiat currency in my wallet lost 5% of its buying power in the last twelve months. But the buying power of this silver has doubled. Hope this is helpful!
What do you need to be independent in life?
A good working car.
A reliable computer/phone.
A piece of property.
A good job (so invest in a reasonable education towards one, even if it’s just getting some skills she can put to use, like bike repair or plumbing or dentistry or basic carpentry or whatever to employ herself. Some sheep and a spinning wheel, I don’t know).
A sewing machine, preferably one that doesn’t REQUIRE electricity. She could start a business maybe. Anyway, she could sew and/or repair her own clothes.
A good gun or two with ammo.
Decent quality clothes/shoes.
Good medical/dental care.
You’ve got some food/water stashed, so I think that’s about it.