Wednesday, April 1, 2009
Monday, February 16, 2009
Dollar Update
The US dollar index rallied back after the sharp decline in early December. That was a very good thing to see, because had the dollar continued to fall lower, it could have triggered a run on the US dollar. And even though the US dollar index is back up near its recent highs, gold has managed to move up nicely anyways... so anyone who sold US dollars for gold is actually still better off, even though the dollar is currently quite strong.
Lindsey Williams appeared on the Alex Jones show again recently and made the prediction that the US dollar would collapse sometime in 2009. Before the dollar collapses, we still have to see the collapse in the Middle Eastern countries first. We are already seeing the signs of collapse in Dubai and I expect economic problems in this region to spread and intensify.
But even though the dollar has rallied back to a relatively high level on the dollar index... I am still certain that the US dollar will collapse at some point. If it does not happen this year, it will probably happen the next year, or the year after. But looking at what has been happening, i think there is a strong chance that there will be massive currency devaluation in 2009. The long term bond yields on US T-bills had a pretty big move up in January which is a sign that the bond bubble is now bursting. Even though many people will be betting on rising interest rates, the Federal Reserve has already stated that they are prepared to buy up the bonds to keep the rates lower. People like Marc Faber have been saying that shorting the long term T-Bills will be a good trade for 2009... i would have to disagree. It has been a great trade in January... but i believe that the Federal Reserve will prevent rates from rising to the level that the free market would otherwise push them. The Federal Reserve has already said that they are prepared to monetize the debt, which is means that inflation cannot be too far off. It is amazing how well the dollar is preforming in the face of trillion dollar deficits, stimulus spending plans and bailouts as far as the eye can see. Despite all this news, people have not yet lost confidence in the dollar for whatever reason. Obviously, the Obama administration will not be able to spend money endlessly without suffering consequences.
Even though I expect a collapse in the US dollar to occur this year, i truly hope that i am wrong. I do not think it will be fun to live though this event and its aftermath. But it will certainly be an interesting time to be alive to witness maybe the greatest economic collapse the world has ever seen. We should take every day from here on in as a blessing and use the time to prepare for what i believe is inevitable. Gold and silver are still very affordable and available... and there is still time to make whatever preparations are necessary to survive (and hopefully prosper) after the real collapse occurs.
Many people think that the crash already happened... as if the DOW falling to 8000 is some sort of big tragedy. Everything that has happened is just a lead up to the real crisis. In fact, this lead up provided a great buying opportunity to buy assets to crash proof a portfolio. Of course silver at under $10 was a great buy... but i still think that silver under $15 is still very cheap, considering it is still hard to get, premiums are still high, and the 2008 high in silver was over $20. Gold has preformed very well of course, and anyone holding a lot of gold should not have much to complain about.
Even though my views on the economy would be considered by most to be extreme and unlikely, Rep. Paul Kanjorski of Pennsylvania recently explained that in September 2008, there was an electronic run on money markets that almost caused the collapse of the entire US economy that day, and would have collapsed the entire world economy within 24 hours. Had the Federal Reserve and Treasury not acted quickly, we could have seen a total breakdown of civil society as we know it.
http://www.youtube.com/watch?v=_NMu1mFao3w
So if this is true... if we really were that close to the edge... it does not bring me much comfort to know that the morons who work the US Government and Federal Reserve are responsible for holding the entire world economy together. It sounds like they were able to stop the collapse this time... but i certainly do not have much faith that these idiots will be able to keep the system together forever. If the entire world economy almost collapsed within 24 hours back in September 2008... could the same thing not happen again? And what if next time, the market overpowers the government? What if the people in charge cannot stop it next time? I feel like things are really holding on by a thread here. But like John Williams (from shadow stats) had said about a year ago... these guys will do everything they can to keep the banking system functioning and prevent it from collapsing... if they are successful at this, it will prevent a global meltdown, but the result will probably be hyperinflation. And if we get hyperinflation and a collapse in the US dollar... a global meltdown might occur anyways.
Lots of bad things come out of economic hardship, particularly war and dictatorships. But the economic collapse will also present opportunity for social change. The hope is that the social change will be for the better, with a move towards greater freedom and less government, rather than a move towards totalitarianism control and war.
Lindsey Williams appeared on the Alex Jones show again recently and made the prediction that the US dollar would collapse sometime in 2009. Before the dollar collapses, we still have to see the collapse in the Middle Eastern countries first. We are already seeing the signs of collapse in Dubai and I expect economic problems in this region to spread and intensify.
But even though the dollar has rallied back to a relatively high level on the dollar index... I am still certain that the US dollar will collapse at some point. If it does not happen this year, it will probably happen the next year, or the year after. But looking at what has been happening, i think there is a strong chance that there will be massive currency devaluation in 2009. The long term bond yields on US T-bills had a pretty big move up in January which is a sign that the bond bubble is now bursting. Even though many people will be betting on rising interest rates, the Federal Reserve has already stated that they are prepared to buy up the bonds to keep the rates lower. People like Marc Faber have been saying that shorting the long term T-Bills will be a good trade for 2009... i would have to disagree. It has been a great trade in January... but i believe that the Federal Reserve will prevent rates from rising to the level that the free market would otherwise push them. The Federal Reserve has already said that they are prepared to monetize the debt, which is means that inflation cannot be too far off. It is amazing how well the dollar is preforming in the face of trillion dollar deficits, stimulus spending plans and bailouts as far as the eye can see. Despite all this news, people have not yet lost confidence in the dollar for whatever reason. Obviously, the Obama administration will not be able to spend money endlessly without suffering consequences.
Even though I expect a collapse in the US dollar to occur this year, i truly hope that i am wrong. I do not think it will be fun to live though this event and its aftermath. But it will certainly be an interesting time to be alive to witness maybe the greatest economic collapse the world has ever seen. We should take every day from here on in as a blessing and use the time to prepare for what i believe is inevitable. Gold and silver are still very affordable and available... and there is still time to make whatever preparations are necessary to survive (and hopefully prosper) after the real collapse occurs.
Many people think that the crash already happened... as if the DOW falling to 8000 is some sort of big tragedy. Everything that has happened is just a lead up to the real crisis. In fact, this lead up provided a great buying opportunity to buy assets to crash proof a portfolio. Of course silver at under $10 was a great buy... but i still think that silver under $15 is still very cheap, considering it is still hard to get, premiums are still high, and the 2008 high in silver was over $20. Gold has preformed very well of course, and anyone holding a lot of gold should not have much to complain about.
Even though my views on the economy would be considered by most to be extreme and unlikely, Rep. Paul Kanjorski of Pennsylvania recently explained that in September 2008, there was an electronic run on money markets that almost caused the collapse of the entire US economy that day, and would have collapsed the entire world economy within 24 hours. Had the Federal Reserve and Treasury not acted quickly, we could have seen a total breakdown of civil society as we know it.
http://www.youtube.com/watch?v=_NMu1mFao3w
So if this is true... if we really were that close to the edge... it does not bring me much comfort to know that the morons who work the US Government and Federal Reserve are responsible for holding the entire world economy together. It sounds like they were able to stop the collapse this time... but i certainly do not have much faith that these idiots will be able to keep the system together forever. If the entire world economy almost collapsed within 24 hours back in September 2008... could the same thing not happen again? And what if next time, the market overpowers the government? What if the people in charge cannot stop it next time? I feel like things are really holding on by a thread here. But like John Williams (from shadow stats) had said about a year ago... these guys will do everything they can to keep the banking system functioning and prevent it from collapsing... if they are successful at this, it will prevent a global meltdown, but the result will probably be hyperinflation. And if we get hyperinflation and a collapse in the US dollar... a global meltdown might occur anyways.
Lots of bad things come out of economic hardship, particularly war and dictatorships. But the economic collapse will also present opportunity for social change. The hope is that the social change will be for the better, with a move towards greater freedom and less government, rather than a move towards totalitarianism control and war.
Tuesday, December 30, 2008
Thursday, December 18, 2008
The dollar is done.
For those of you who have been living under a rock, with your eyes closed and your fingers in your ears... the US dollar is done. We've started the great fall of the US dollar. I can only hope that the US dollar finds support at the 76 and/or 72- 71 level on the dollar index. The dollar is falling like a stone. This was not unexpected... but is certainly very scary. It is now only a matter of time before the headlines in the morning newspapers read "Dollar Crisis!". This is when the fun really begins and we will enter a phase of economic catastrophe the likes of which no one on this Earth has ever experienced. I just hope we all have a Merry Christmas and a Happy New Year, for it may be our last. 2009 will be a seriously fucked up year, and i suspect that we are living through the last few months of a normal existence. When the crisis hits, the world will turn into a global Iceland/Greece bankruptcy/riot atmosphere... and the true battle against the New World Order will begin. I can only hope and prey that freedom prevails and tyranny is squashed. Otherwise, we will enter a new dark ages of Global Socialism/Communism control that will enslave humanity for decades to come.
Oh, and i forgot to mention WWIII. It will probably be best to live in the Southern Hemisphere such as Australia/New Zealand or South America (Costa Rica, Peru, Ecuador, etc.). Unfortunately, there probably will be a WWIII.... since i really don't think that we have progressed very much since WWI and WWII. The first two world wars happened, even though i'm sure most people did not recognize the signs leading up to the global war. The world is setting up for a new World War eventually. WWI happened. WWII happened. Why couldn't WWIII happen? Are things really that different? If anything, things are more the same now than ever. The ultimate goal is a world government with a one world army, currency and central bank. The New World Order is making their move, with Obama as their leader. The economic crisis is about to show its true colours and the world will have to deal with the reality of the situation in 2009. May we live in interesting times.
Universal Soldier
http://www.youtube.com/watch?v=QLzUNDaF00U
Oh, and i forgot to mention WWIII. It will probably be best to live in the Southern Hemisphere such as Australia/New Zealand or South America (Costa Rica, Peru, Ecuador, etc.). Unfortunately, there probably will be a WWIII.... since i really don't think that we have progressed very much since WWI and WWII. The first two world wars happened, even though i'm sure most people did not recognize the signs leading up to the global war. The world is setting up for a new World War eventually. WWI happened. WWII happened. Why couldn't WWIII happen? Are things really that different? If anything, things are more the same now than ever. The ultimate goal is a world government with a one world army, currency and central bank. The New World Order is making their move, with Obama as their leader. The economic crisis is about to show its true colours and the world will have to deal with the reality of the situation in 2009. May we live in interesting times.
Universal Soldier
http://www.youtube.com/watch?v=QLzUNDaF00U
Wednesday, December 17, 2008
IMF Chief Warns of "Social Unrest"
The UK's Guardian newspaper reported on a recent speech by Strauss-Kahn, the head of the International Monetary Fund, in Madrid:
"If we are not able to do that, then social unrest may happen in many countries - including advanced economies," Strauss-Kahn said.
He added that violent protests could break out in countries worldwide if the financial system was not restructured to benefit everyone rather than a small elite.
IMF chief issues stark warning on economic crisis
Angela Balakrishnan
guardian.co.uk, Tuesday 16 December 2008 09.24 GMT
http://www.guardian.co.uk/business/2008/dec/16/imf-financial-crisis
IMF Chief Warns Of Riots In Response To Economic Crisis
Paul Joseph Watson
Prison Planet.com
Wednesday, December 17, 2008
http://www.infowars.com/?p=6603
"If we are not able to do that, then social unrest may happen in many countries - including advanced economies," Strauss-Kahn said.
He added that violent protests could break out in countries worldwide if the financial system was not restructured to benefit everyone rather than a small elite.
IMF chief issues stark warning on economic crisis
Angela Balakrishnan
guardian.co.uk, Tuesday 16 December 2008 09.24 GMT
http://www.guardian.co.uk/business/2008/dec/16/imf-financial-crisis
IMF Chief Warns Of Riots In Response To Economic Crisis
Paul Joseph Watson
Prison Planet.com
Wednesday, December 17, 2008
http://www.infowars.com/?p=6603
Tuesday, December 16, 2008
Stock Recomendations
The two stocks I like the most right now are:
MINEFINDERS LTD (AMEX: MFN)
http://finance.yahoo.com/q?s=mfn
MAG SILVER CORP (MAG.TO)
http://finance.yahoo.com/q?s=mag.to
Time/Date: 2:47am, December 17th, 2008. (Tuesday Night/Wednesday Morning)
MFN: $4.55
MAG: $5.44
A lot of the other junior stocks I like have already moved up substantially. These are the last two that have yet to move. MFN just made a higher high. This is the first time it made a higher high in over 1 year. I suspect it will also make a higher low, and resume a bull market trend back to rally to around the $10 level. I think MFN will at least double within the next 4 months. Obviously minefinders had a huge move yesterday, (up about 20%)... but i suspect there will be more of these days to come. It will just move up out of the blue again one day, and the only way to profit from it, is to just own it and hold it. The moves are too quick to catch to wait for an ideal time. It can obviously come down again in the short term, but i suspect it will make a higher low, so if there are short term declines, they shouldn't be too drastic or long lived.
It looks to me like the lows are in for MAG silver as well. I think the move in MAG silver could be explosive, and rise to the $10 to $15 range within the next 4 months as well. Despite a big move up in the price of silver yesterday, MAG.TO did not really respond to the rise in price. I think this is just a delayed reaction, and once investors realize that single digit silver prices are now a thing of the past, MAG.TO should spike higher.
Still waiting for a clear sign that TBT has bottomed. It's got to be getting pretty close by now, but it would be better to wait until there is substantial evidence that a bottom is in. I wouldn't try to catch the falling knife, but just keep an eye on it, and jump in when it makes a big rally.
I think these will be great investments for the next month. The concern of downside risk will be if there is another period of forced liquidation and market crashes, similar to what we saw in October 2008. It is possible that we could experience another episode of what we saw in October... this time, only worse. If markets make new lows in the first quarter of 2009, then all stock prices may fall again. However, it is very possible that the US dollar falls in this environment also, offsetting declines in some stocks, while sending precious metals and their mining stocks much higher. The people orchestrating the collapse have the capability to bankrupt and buy out any company they wish. The central banks can print as much money as they please, and lend it to the government, who can then buy up any asset they wish. It is theoretically possible to virtually bankrupt every single company, whip out all the shareholders, and have a government bailout/takeover/nationalization of the assets so that they can steal the asset for free. If the governments can bankrupt a businesses by cutting off their liquidity, drive their share price to zero, then buy out the company... it can eliminate ownership of these valuable assets by individuals. All companies will then be owned by governments, international organizations, central banks and international corporations. Once the public has been stripped of all of their assets, they will only be left with paper currency. Then the paper currencies can be hyperinflated, thereby confiscating all the wealth of the people. So long term, there is a chance that the New World Order will try to steal these assets from the public. The reason they want to steal them is because they are valuable. So when buying assets like this, it is important to realize that the pin stripe bandits can steal assets... if you just buy physical gold and silver that you can hold in your hands, it is much more difficult to confiscate. But until we see signs of another forced liquidation phase, i think these two stocks will perform very well. And clearly, anyone can look at these charts and realize how much value they have come down over the last year. Current shareholders have lost a lot of money over the last year holding these stocks, and there is no guarantee that they cannot lose a lot more value still. These stocks are risky investments. Physical gold and silver are much safer investments... but for people looking to recoup some of their losses, i think these stocks are the best chance at a quick recovery for investors still in the red.
Anyone who claims to know anything with 100% certainty is probably either a fool or a liar. No one knows for sure what will happen in the short term or even the long term for that matter. Long term predictions can be made with greater certainly, however, there are many unforeseeable variables that could enter into the equation.
Right now, gold is right around the crucial $850 support. The US dollar is also right around the long term support level of 80 on the US dollar index. The US dollar could rally back up to 84, sending gold back down to between $770 and $800. It is also possible that the dollar keeps falling and gold breaks above $900 as the dollar falls below 80. I personally think it will just keep falling into the mid 70's, sending the DOW to between 10,000 and 11,000... sending silver over $15 and gold towards $1000. That's just my short term guess. And this will probably occur in the lead up to Obama taking office.
Once Obama takes office, all bets are off. I suspect that once Obama takes office, there will be another crisis shortly thereafter. Probably in late January. I think it will either be another stock market crisis (similar to what we experienced in October, only on a grander scale, with all stock markets making new lows and many companies going bankrupt). Another option is a currency crisis, where the US dollar just keeps falling and we get a dollar collapse. A third option would be a foreign policy crisis. Maybe a war between India and Pakistan where the US and Israel side with India and invade Pakistan. We could see another false-flag terrorist attack, possibly even bigger than 9/11, such as a massive attack (biological, nuclear, etc.) on a major US city like Los Angles or Chicago. Or maybe some other crisis that I haven't thought of. Any crisis can be met with civil unrest, shortages and martial law.
So i like those two stocks for the upcoming month. After Obama gets elected, there are so many different things that could happen, that it is difficult to know the best way to prepare. I still think the best thing to do is: to own physical gold and silver in your possession; Some physical gold held overseas such as in the Perth Mint or GoldMoney; A variety of foreign currencies/short term bonds such as the Euro, Singapore Dollar, Yen, Australian Dollar, New Zealand Dollar, Korean Won, Chinese Yuan, etc; These currencies and assets should be held with a bank and broker in your home country, as well as a country abroad. A bank account in a country like Singapore, Germany or Australia would be prudent preparation; hold physical paper cash of various foreign currencies along with your gold; It is good to own conservative dividend paying foreign stocks such as agriculture stocks in New Zealand, maybe a utility in Singapore, and an oil service stock in Indonesia, for examples. Basically, just buy the EuroPac recommended stocks.
It is tough to know whether cash and bonds or stocks or precious metals will be better investments though this crisis. Since the goal is just to protect and preserve wealth, it is best to just be as diversified as possible so that wealth will be persevered no matter what the environment. Also, it is best to get as far away from the United States as possible, and this could mean getting out of Canada as well. I still recommend dumping all US stocks (with possible exceptions for certain mining companies)... but investors should not load up on Canadian stocks either. It is fine to have some investments in Canada, but I would not put a heavy weighting on Canadian stocks over other foreign stocks. Especially since similar investments can be made in Australia, which I expect to perform better than their Canadian counterparts.
People all around the world are going to have to work very hard and make decisive decisions to ensure that they protect their wealth over the coming years. Most people in the western world will go bankrupt and either be debt slaves or extremely poor. Most baby boomers will not get the retirement they thought they were going to get. Thankfully, for those who recognize the severity of the crisis, they still have time to get their house in order and invest a lifetime of savings so that wealth will be persevered when we come out the other side of this mess. Anyone stuck sitting on their hands doing nothing, assuming things will work out, will experience a drastic reduction in their standard of living. Those who take steps to protect their wealth by buying gold and the other asset classes I've recommended will probably prosper and enjoy a life of luxury by being on the receiving end of the biggest transfer of wealth the world has ever seen.
----------------------------------
The material provided in this report is for general informational purposes only. No information in this or any of my reports is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information in my newsletters should not be relied upon for purposes of transacting securities or other investments. I cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. You bear responsibility for your own investment research and decisions, and should seek the advice of a qualified securities professional before making any investment.
MINEFINDERS LTD (AMEX: MFN)
http://finance.yahoo.com/q?s=mfn
MAG SILVER CORP (MAG.TO)
http://finance.yahoo.com/q?s=mag.to
Time/Date: 2:47am, December 17th, 2008. (Tuesday Night/Wednesday Morning)
MFN: $4.55
MAG: $5.44
A lot of the other junior stocks I like have already moved up substantially. These are the last two that have yet to move. MFN just made a higher high. This is the first time it made a higher high in over 1 year. I suspect it will also make a higher low, and resume a bull market trend back to rally to around the $10 level. I think MFN will at least double within the next 4 months. Obviously minefinders had a huge move yesterday, (up about 20%)... but i suspect there will be more of these days to come. It will just move up out of the blue again one day, and the only way to profit from it, is to just own it and hold it. The moves are too quick to catch to wait for an ideal time. It can obviously come down again in the short term, but i suspect it will make a higher low, so if there are short term declines, they shouldn't be too drastic or long lived.
It looks to me like the lows are in for MAG silver as well. I think the move in MAG silver could be explosive, and rise to the $10 to $15 range within the next 4 months as well. Despite a big move up in the price of silver yesterday, MAG.TO did not really respond to the rise in price. I think this is just a delayed reaction, and once investors realize that single digit silver prices are now a thing of the past, MAG.TO should spike higher.
Still waiting for a clear sign that TBT has bottomed. It's got to be getting pretty close by now, but it would be better to wait until there is substantial evidence that a bottom is in. I wouldn't try to catch the falling knife, but just keep an eye on it, and jump in when it makes a big rally.
I think these will be great investments for the next month. The concern of downside risk will be if there is another period of forced liquidation and market crashes, similar to what we saw in October 2008. It is possible that we could experience another episode of what we saw in October... this time, only worse. If markets make new lows in the first quarter of 2009, then all stock prices may fall again. However, it is very possible that the US dollar falls in this environment also, offsetting declines in some stocks, while sending precious metals and their mining stocks much higher. The people orchestrating the collapse have the capability to bankrupt and buy out any company they wish. The central banks can print as much money as they please, and lend it to the government, who can then buy up any asset they wish. It is theoretically possible to virtually bankrupt every single company, whip out all the shareholders, and have a government bailout/takeover/nationalization of the assets so that they can steal the asset for free. If the governments can bankrupt a businesses by cutting off their liquidity, drive their share price to zero, then buy out the company... it can eliminate ownership of these valuable assets by individuals. All companies will then be owned by governments, international organizations, central banks and international corporations. Once the public has been stripped of all of their assets, they will only be left with paper currency. Then the paper currencies can be hyperinflated, thereby confiscating all the wealth of the people. So long term, there is a chance that the New World Order will try to steal these assets from the public. The reason they want to steal them is because they are valuable. So when buying assets like this, it is important to realize that the pin stripe bandits can steal assets... if you just buy physical gold and silver that you can hold in your hands, it is much more difficult to confiscate. But until we see signs of another forced liquidation phase, i think these two stocks will perform very well. And clearly, anyone can look at these charts and realize how much value they have come down over the last year. Current shareholders have lost a lot of money over the last year holding these stocks, and there is no guarantee that they cannot lose a lot more value still. These stocks are risky investments. Physical gold and silver are much safer investments... but for people looking to recoup some of their losses, i think these stocks are the best chance at a quick recovery for investors still in the red.
Anyone who claims to know anything with 100% certainty is probably either a fool or a liar. No one knows for sure what will happen in the short term or even the long term for that matter. Long term predictions can be made with greater certainly, however, there are many unforeseeable variables that could enter into the equation.
Right now, gold is right around the crucial $850 support. The US dollar is also right around the long term support level of 80 on the US dollar index. The US dollar could rally back up to 84, sending gold back down to between $770 and $800. It is also possible that the dollar keeps falling and gold breaks above $900 as the dollar falls below 80. I personally think it will just keep falling into the mid 70's, sending the DOW to between 10,000 and 11,000... sending silver over $15 and gold towards $1000. That's just my short term guess. And this will probably occur in the lead up to Obama taking office.
Once Obama takes office, all bets are off. I suspect that once Obama takes office, there will be another crisis shortly thereafter. Probably in late January. I think it will either be another stock market crisis (similar to what we experienced in October, only on a grander scale, with all stock markets making new lows and many companies going bankrupt). Another option is a currency crisis, where the US dollar just keeps falling and we get a dollar collapse. A third option would be a foreign policy crisis. Maybe a war between India and Pakistan where the US and Israel side with India and invade Pakistan. We could see another false-flag terrorist attack, possibly even bigger than 9/11, such as a massive attack (biological, nuclear, etc.) on a major US city like Los Angles or Chicago. Or maybe some other crisis that I haven't thought of. Any crisis can be met with civil unrest, shortages and martial law.
So i like those two stocks for the upcoming month. After Obama gets elected, there are so many different things that could happen, that it is difficult to know the best way to prepare. I still think the best thing to do is: to own physical gold and silver in your possession; Some physical gold held overseas such as in the Perth Mint or GoldMoney; A variety of foreign currencies/short term bonds such as the Euro, Singapore Dollar, Yen, Australian Dollar, New Zealand Dollar, Korean Won, Chinese Yuan, etc; These currencies and assets should be held with a bank and broker in your home country, as well as a country abroad. A bank account in a country like Singapore, Germany or Australia would be prudent preparation; hold physical paper cash of various foreign currencies along with your gold; It is good to own conservative dividend paying foreign stocks such as agriculture stocks in New Zealand, maybe a utility in Singapore, and an oil service stock in Indonesia, for examples. Basically, just buy the EuroPac recommended stocks.
It is tough to know whether cash and bonds or stocks or precious metals will be better investments though this crisis. Since the goal is just to protect and preserve wealth, it is best to just be as diversified as possible so that wealth will be persevered no matter what the environment. Also, it is best to get as far away from the United States as possible, and this could mean getting out of Canada as well. I still recommend dumping all US stocks (with possible exceptions for certain mining companies)... but investors should not load up on Canadian stocks either. It is fine to have some investments in Canada, but I would not put a heavy weighting on Canadian stocks over other foreign stocks. Especially since similar investments can be made in Australia, which I expect to perform better than their Canadian counterparts.
People all around the world are going to have to work very hard and make decisive decisions to ensure that they protect their wealth over the coming years. Most people in the western world will go bankrupt and either be debt slaves or extremely poor. Most baby boomers will not get the retirement they thought they were going to get. Thankfully, for those who recognize the severity of the crisis, they still have time to get their house in order and invest a lifetime of savings so that wealth will be persevered when we come out the other side of this mess. Anyone stuck sitting on their hands doing nothing, assuming things will work out, will experience a drastic reduction in their standard of living. Those who take steps to protect their wealth by buying gold and the other asset classes I've recommended will probably prosper and enjoy a life of luxury by being on the receiving end of the biggest transfer of wealth the world has ever seen.
----------------------------------
The material provided in this report is for general informational purposes only. No information in this or any of my reports is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information in my newsletters should not be relied upon for purposes of transacting securities or other investments. I cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. You bear responsibility for your own investment research and decisions, and should seek the advice of a qualified securities professional before making any investment.
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