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<p>[QUOTE="BusterHighman, post: 1150334, member: 29945"]I recommend PMs because that is the area I know the most about. I don't like international stocks because this is a global crisis and every major economy in the world is heavily tied to the United States. I don't like any fiat currencies (including the Yuan) because once the dollar goes bust people are going to be extremely skeptical of any fiat. It's all about confidence when it comes to money and once people see the US Dollar go from being the "gold standard" of paper to worthless, they are going to be skeptical that it could happen to any currency. F*CK BONDS! I don't care who issues them, no bonds are paying high enough interest rates to compensate for inflation and default risks. </p><p><br /></p><p>Real estate is an interesting option. Farm land is a good idea if you are going to be a farmer and I think that will be a fine way to make a living moving forward. However, I don't like the idea of buying property now with the sole intention of selling it for a profit in the future. It's very illiquid and I still think prices have a ways to fall. Rising interest rates and the death of long term mortgage loans spells doom for real estate. What would the median home price be if there were no mortgages? If every buyer had to bring 100% cash to the table?</p><p><br /></p><p>The best investment anyone could make moving forward is physical oil. Unfortunately, it doesn't last that long and it's not easy to store. After that, give me PMs all day long as the best store of wealth available today.[/QUOTE]</p><p><br /></p>
[QUOTE="BusterHighman, post: 1150334, member: 29945"]I recommend PMs because that is the area I know the most about. I don't like international stocks because this is a global crisis and every major economy in the world is heavily tied to the United States. I don't like any fiat currencies (including the Yuan) because once the dollar goes bust people are going to be extremely skeptical of any fiat. It's all about confidence when it comes to money and once people see the US Dollar go from being the "gold standard" of paper to worthless, they are going to be skeptical that it could happen to any currency. F*CK BONDS! I don't care who issues them, no bonds are paying high enough interest rates to compensate for inflation and default risks. Real estate is an interesting option. Farm land is a good idea if you are going to be a farmer and I think that will be a fine way to make a living moving forward. However, I don't like the idea of buying property now with the sole intention of selling it for a profit in the future. It's very illiquid and I still think prices have a ways to fall. Rising interest rates and the death of long term mortgage loans spells doom for real estate. What would the median home price be if there were no mortgages? If every buyer had to bring 100% cash to the table? The best investment anyone could make moving forward is physical oil. Unfortunately, it doesn't last that long and it's not easy to store. After that, give me PMs all day long as the best store of wealth available today.[/QUOTE]
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