Quote:
Originally Posted by turbo6bar
20% is serious money. Are you diverting all cash assets to hard currency or are you selling other assets?
|
20% isn't necessarily "serious money."
If I put 20% of my net worth into hard assets, my remaining $80, while at risk to the ravages of inflation, wouldn't really worry me too much.
On the subject of inflation (which is what we are talking about when considering buying metals), I'd still stand by my comments (made against "bond" investments) about a year ago.
Too bad I didn't take my own advice and buy copper -- my net worth would be $200, instead of $100, if I had:
Posted on 12-30-2008:
Quote:
With the literally trillions of new dollars being created, we all know that price inflation will be the end result.
In my opinion, it is better to start buying "stuff" -- even if one is early in such areas and experiences further devaluation of that "stuff" while the economy slows -- rather than risk getting caught in the inflation trap that is sure to come.
What worked best in the 1970s and 1980s? We are in for even worse inflation than seen then.
Heck, I'd suggest buying tons of copper @ $1.40/lb and piling it in the back yard before I'd suggest lending money to corporations at "low" interest rates.
You want "stuff," not "IOUs" payable in devaluing paper money.
|
http://forums.pelicanparts.com/off-topic-discussions/448680-corporate-bonds-anyone-investing.html