interested
Senior Member
Thank you for your insights Paperchopper. I was not hoping for clairvoyence but for your educated best guess on what to do which you have provided.
While I don't share fully your apocolyptic views, and I desperately hope for all of us you are not correct, I do appreciate you at least expressing rationally why you conclude what you do.
Personally, gold makes no sense and it too is in bubble territory since it is bid far beyond its value for purely jewelry. I get in olden days where if there was a war and you had to move around, you could carry gold on your person. However, I fail to really understand it in the new World. Buying at these levels may be worth alot more of less worth paper currency if the World unfolds as you believe, but other than to have a small position, I cannot see it. To me this is akin to gambling if one puts more than 5% of ones worth in gold on the assumption it will skyrocket. However, maybe I will be proven wrong. I can understand owning oil better. At least there is some actual need/use for that commodity. Whether anyone will be able to afford it, that's another question.
My question about the C$/USD was not so much the absolute value but the trend you would forsee. Do you expect even with Helicopter Ben printing money that given that they are further down the road as it were, they are somewhat cushioned?
Since I am not Wall Street, nowhere near that smart, and also don't have the benefit of "insider information" nor the time to make big bets that may or may not make the market, I can only resort to a basket of risk spreading. I think most reasonable investors do this for as you say, none of us is clairvoyant and with all the meddling going on (read government in particular) it is hard to exactly predict what "should happen".
There are many interesting books that talk about the "Wave theory" and that R/E has a major correction every 70 years. So we have been due for the past 10 years anyhow. It would support your contention. The trouble is that each of these major wave correction has been every bit as catastrophic as you predict. The only thing was to be debt free as you suggest. So if we have a major correction, you may sadly be proven correct.
While I don't share fully your apocolyptic views, and I desperately hope for all of us you are not correct, I do appreciate you at least expressing rationally why you conclude what you do.
Personally, gold makes no sense and it too is in bubble territory since it is bid far beyond its value for purely jewelry. I get in olden days where if there was a war and you had to move around, you could carry gold on your person. However, I fail to really understand it in the new World. Buying at these levels may be worth alot more of less worth paper currency if the World unfolds as you believe, but other than to have a small position, I cannot see it. To me this is akin to gambling if one puts more than 5% of ones worth in gold on the assumption it will skyrocket. However, maybe I will be proven wrong. I can understand owning oil better. At least there is some actual need/use for that commodity. Whether anyone will be able to afford it, that's another question.
My question about the C$/USD was not so much the absolute value but the trend you would forsee. Do you expect even with Helicopter Ben printing money that given that they are further down the road as it were, they are somewhat cushioned?
Since I am not Wall Street, nowhere near that smart, and also don't have the benefit of "insider information" nor the time to make big bets that may or may not make the market, I can only resort to a basket of risk spreading. I think most reasonable investors do this for as you say, none of us is clairvoyant and with all the meddling going on (read government in particular) it is hard to exactly predict what "should happen".
There are many interesting books that talk about the "Wave theory" and that R/E has a major correction every 70 years. So we have been due for the past 10 years anyhow. It would support your contention. The trouble is that each of these major wave correction has been every bit as catastrophic as you predict. The only thing was to be debt free as you suggest. So if we have a major correction, you may sadly be proven correct.
