Question for Economics Experts - riding out the current storm

[BlasterBates]

blaster, thanks for the info, I don't like shares and whenever I buy them they go down,
Milan.

yup they sure do

[TimberWolf]

No-one for gold at the minute then? Read a fair bit that suggests we could see big rises in the cost of this and silver as inflation grows. Very tempted to stick 5% of current cash into metals. These would be to hold for the next three years I reckon. I know there is something like a 5% premium on buying bullion but seeing the massive jumps in gold during the 70's I think we could be in for some of the same.

Or copper? We're going to need it to build wind turbines and to electrify the third world.

[bobhope]

XAG

you know it makes sense.

Sas - re: cycles in property and buying again circa 2012 - I used to have this plan, and still do partially. The real spanner in the works is demographics.

The 96-07 upswing in property prices was understandable due to the baby boomers buying everything.

The problem in 2012 onwards is that they are now retiring (in the case of the 1945 boom) or have purchased the most/largest property that they'll probably need (in the case of the late 1950s - early 60s boom)

Like I said, the more you know about economics, the less certain you can be of anything.

[ChimpMaster]

If inflation continues to be a problem then precious metals will be the way to go. I agree with what Ferret says.

Gold/Silver and platinum are easy to buy into. I would reckon silver has the most catching up to do, though gold is normally the best known and hence will probably provide sustained rises.

By the way inflation in this coming era is due to commodities, food, energy etc and not house prices and other "assets". So that means that the average person will lose out big time.

Either way, we all scr*wed.

[Platypus]

No-one for gold at the minute then? Read a fair bit that suggests we could see big rises in the cost of this and silver as inflation grows. Very tempted to stick 5% of current cash into metals. These would be to hold for the next three years I reckon. I know there is something like a 5% premium on buying bullion but seeing the massive jumps in gold during the 70's I think we could be in for some of the same.

I think the rapid rise in gold price has already happened:
http://www.usagold.com/reference/prices/history.html

- already fallen over $100 since March.

I remember thinking last year that would would be a good buy. Shame I didn't follow my own advice.

[ferret]

I think the rapid rise in gold price has already happened:
http://www.usagold.com/reference/prices/history.html

- already fallen over $100 since March.

I remember thinking last year that would would be a good buy. Shame I didn't follow my own advice.

Too busy to find the articles but some suggest that if peak gold from the last boom was converted into today's prices it would have hit $4-5,000. Fallen $100 since March while stocks rallied, stocks on the fall again, gold rose 3% yesterday - so that's 30% of the $100 recovered in one day. See how it goes today. Wanted to buy in at sub $800 but may grab a few grand of gold next week and like Taz said may well put the rest in silver.

[milanbenes]

everyone, if you have time, read this one, in my opinion this one sums up the situation:

http://www.istockanalyst.com/article...neid_Home.html

the oil is rising in price as confidence in the green back falls


I am still surprised why more folks are not hedging into au

Milan.

[Xenophon]

I am still surprised why more folks are not hedging into au

Milan.

Loving the lingo.

[EternalOptimist]

Loving the lingo.

me too. Au - I thought he was on about Australian dollars for a while.

Anyways, I am off out to lunch now for some

Ur(235) + Si + NaCl + CH3COOH

[ferret]

me too. Au - I thought he was on about Australian dollars for a while.

Anyways, I am off out to lunch now for some

Ur(235) + Si + NaCl + CH3COOH

Radioactive + silicon + salt + vinegar if A levels have been remembered...

Hot chips?