If or should I say it comes, were should my money be? You will say Gold, Silver but were do I put the rest? Certain shares? You tell me I'm after your advice.
probably not in a bank....digits on a screen etc. Fruit trees, Beehives, farm land if u can afford. If europe crashes your going to want to make sure you have enough food because im sure a few services will be disrupted.
Physical Gold. Nothings certain but its the best bet of the unsure lot. Would go down initially but then up.
A Bible, a gym membership, good pair of boots, a good hand held water filter, a back pack, some MREs and a plan to put some distance between you and large groups of humans OR X how ever much $$ you have
Start from the worst places, and work your way back. I'll start you off: - Spanish bonds - Japanese uranium refiner shares - Physical Bismuth - ...
I suspect when Europe goes under it won't be the tipping point people are expecting where you need to buy bulk can food. I suspect the Asia collapse will be the tipping point will be however. I suspect for now cash / defensive stocks & some bullion would be helpful. I think they will all drop but will perform not as badly as other's. I think the key is to diversify.
Maybe so, but what I was meaning is physical fitness. The amount of calories/time it takes to get fit and build muscle is ridiculous... spiritual health, physical health and mental health will do you better then any gold or silver
Ok, here's mine FWIW. Don't assume people on forums know much. Some do, some are just articulate but don't know all that much. Marc Faber is my fave generalist commentator. In the prevailing environment he seems to say that very little is totally safe, and advises to spread your risk: 25% cash, 25% gold (I'm sure a mixture of gold and silver would be acceptable), 25% equities (but which market and which sector? He would probably advise looking for steady earnings history and dividend payment), 25% real estate (But where? He thinks Australia R/E is set for a fall) Cash in any big 4 bank is government guaranteed to the limit of $250k. Which shares, if investing into the Oz share market? You are concerned about another global crisis event such as crushed equities over late 2007, 2008, early 2009. One tactic would be to look for stocks today that weathered that crisis well and kept up their dividends. Here's one list of such stocks that I got from an article by Rudi Filapek-Vandyck at the stock info service FN Arena: ARP, HSN, MMS, CPB, RHC, DMP, BKL RKN, CCL, MTU All these stocks are high quality, recovered old share price highs within 2 years of the GFC, most sooner, and paid steady and mostly growing dividends throughout the crisis and recovery. In short, maybe not bullet-proof, but pretty darned resilient. Trouble is, most aren't cheap now; only one arguably is becoming so, and I have posted on it on the shares board - DYOR - as I'm just a punter too. By the way, an analyst I like said recently, words to the effect that, "Mining services companies have had their run, and it's about as good as it'll get for them. They are fully priced."
Cash and gold before the crash (even though gold will probably come down) After the crash R/E (family home or farmland depends on your situation), more gold and the rest between stocks and silver depending on individual needs and beliefs.. and how much money you have. Just an idea not set in stone.. just rough guess so don't follow it too much Who knows how long they will delay the inevitable. Although i'm currently thinking about getting a cheap (<$260,000) house that i can easily pay off and at least have my own roof over my head, my gut feeling at the moment is save as much cash as possible, still accumulate gold and lay off on the silver purchases.
Admittedly, I recently seriously considered investing into ... Cigarettes. They will never-ever be cheaper than they are now, while the price of stocks and even PMs may drop when the S hits the F. And, in this case, Cigarettes will be the only durable and reliable currency ( we even have a word for this: http://de.wikipedia.org/wiki/Zigarettenwährung ). But the booze that 'thatguy' recommended might be an alternative But before ordering a few pallets: I think that it's in general imporant to diversify. Some blue chips with high dividend, some PMs, some cash to surive the bank runs - a nice mixture of this can not be wrong.
Two industries that never had a downturn in the crash of 29/32 was THE BEER and Horse RACING Industries.. Buy a Still and make your own to trade. Regards Errol 43 Edit Spelling Error
