posted on Sep, 27 2011 @ 01:43 PM
Here's my prediction and my opinion. No source to back it up so don't ask.
Investing in anything right now hoping for a financial return is a complete waste of time and effort. Money will most likely be gone, except as an
amusing anecdote in museums and board-games, in about 12 months from now.
All the manic precious metal and other commodities buying, is on the most part, just rich men trying to stay rich. Forget about it.
When money has finally given up its last breath, there will be no more rich men or poor men. Just a lot of people who need to grow up and start
sharing the Earth's resources equally and fairly.
Watching the death throes of the monetary system is something I've been doing since a year before the last crash (when a friend and I shorted 100
contracts on the DJIA at around 14,000, predicting a fall to 8,000 whilst most others were calling us crazy). We also bought gold on 2% margin at $600
and oil at $60 just before it lifted off to $140.
4 days ago I got the impulse that gold and the markets were about to take a dive. I'd emptied out my trading account a while ago and in the 3 days it
took me to get money into the account to cover a sell order at $1815, the price had fallen to $1600 and then on to $1530.
Any trading I do now is either to make a really really quick lump sum to invest in some philanthropic project or just for fun, like playing a board
I predict anyone investing either long or short for a long term payoff is going to be as disappointed as my big brother who still hasn't pulled his
pensions out despite me yelling at him to do it for several years now (he's already lost all the profits as well as a portion of what he paid in)
Like one poster said, invest in water storage and purification, a vegetable garden, electicity creation and if you live in the USA, some more guns!
If you live in a city, invest in some small rural plot that you can erect a shack on with a well and make it as self sustainable as possible.
One other option, my favorite, is to invest in creating a community around you. The stronger your community, especially if rural, the more chance you
are going to survive the interim period between the end of money and the beginning of something far far better.