Quote:
Originally Posted by Wayne at Pelican Parts
I agree. The Porsche 356 Speedster and Carrera RS market are proof positive that too much cheap money has been chasing too few assets. People borrowed against their house and everything else to buy these things. Soon, prices will be coming down as the bill comes due. Those with cash will be king (if the cash isn't eroded by inflation by then).
-Wayne
|
That is a critically important point.
Inflation is HUGELY understated right now - deliberately made to look "tame" by manipulation of government formulas and reporting methods. It's GOING to be a significant factor in the coming months/years, exacerbated by a weak dollar.
I'd say the smart place to put $$$ right now is in foreign currency markets.