Quote:
Originally Posted by Omaroo
Don't buy telescopes - buy gold! There are plenty of people predicting a second market crash soon... and even bigger than before.  It's called a C-wave (the C's the biggest drop in A-F sawtooth, long story), anyway it's imminent and it's across the whole market - just like last year. So this could be "it". Not so much Armageddon but maybe damn close. After the 1929/30 kaboom, the next crash happened in 1932 - and the economies didn't return to the same level until 1954. I think this is that 1932 crash coming now ... makes sense because we've sped everything up through stimulation.
This last 6 months of growth have just been mass-psychology at work. It's just been a sort of bounce-back because everyone believes politicians and media when they say things are on the up and up - problem is those turkeys haven't got a clue. Weird how people just want to hear good news and then don't think any more about it. Sigh. Actually, it did look pretty good there for a while... just a fancy delusion sadly.
How to survive - well here's the problem, with inflation (I know it seems impossible but bear with me) comes devaluation of dollars - not an Aussie dollar problem perse but the absolute death of the US$. And believe it or not we're all connected really tightly (just look at last October). Still, at least, there is that: the A$ will rule unless the govt screws up by doing what the US tells them to do (that'd never happen!). Give me a gold or silver coin over paper money any day!
So - the only stocks/shares to own are: gold, rare earths, precious metal, uranium, natural gas and not oil. That's it.
Fun, eh?
These things, and only these things, will go up over the next 12 months, probably longer. Buy these things asap: $1 in a gold stock today will be triple this time next year, the rare-earths will quadruple as they're essential for batteries, generators, mostly DC-power stuff which, for some reason, everyone's betting the farm will save the planet. Gold's safer.
OK, granted all my predictions in this area are probably on the early-side ... but this is really looking bad ... way worse than it did this time last year and irreversible. At least the Aussie dollar will exceed the US$ probably before the year's out, but that's not really the good news it sounds like.
Hmm... maybe a nice PME before I can't afford one? |
Holy crap!!!!!!!!!!!!!
Everyone race out and buy golden uranium batteries...right now!!!!!
That's some fancy-pants predictin' their Tex. We'll revisit this post in 12 months' time and see who's the turkey
