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First pay off any interest bearing loans you have. Then the rest depends on your risk adversity. I would put a chunk in Berk and the rest in some industry stocks that I am familiar with.
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The government is lying about the inflation rate, but they will be able to carry that lie for only so long and only so far, so you will still have some protection if you buy the indexed bonds. If you go the CD route, I would stick to very short-term CDs. Again, I expect we will be seeing some massive jumps in the reported inflation rate over the next few months, you don't want to be locked in to a low interest rate if the inflation rate really starts to jump. Edit: On a side note, gold is not at historic highs when measured on an inflation-adjusted basis. It would have to exceed about $2200/oz before it breaks the highs set in 1980. |
The gubmint will simply cut whatever sectors are going up the fastest from the equations used to calculate inflation in order to preserve the appearance of "everything's just fine, nothing to see here".
Just like they did in 1990. It's real easy to say inflation is under control when you cut out grocery & energy costs, which are going through the f*cking roof right now. When other sectors catch up, they'll just change the equation again to get whatever result they want. Do you REALLY trust the objectivity of our government? I sure as hell don't. |
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