[quote=flu][quote=Allan from Fallbrook]
I’m not saying you feel that there will be a wholesale collapse, either, but many of the folks out there shilling gold are. And they’re selling fear along with the coins. That’s why I keep saying that if you read history and find the proper analogies, they’ll lead you to an understanding that many other things possess value as well and will also survive the downturn.[/quote]
In your view at the current time right now, what do you think would hold value (aside from precious metals). I don’t think we’ll have a total collapse of the dollar right away, but just curious. (I know you’ll laugh by my relative has a bunch of wine that’s held in an escrow storage, and they have been selling them at wine auctions for pretty hefty premiums even in present day…Unfortunately, I’ve never acquired a wine snobbery so it doesn’t ring a bell for me..) I won’t hold you accountable for your wisdom opinion. [/quote]
FLU: I wish I had an answer, I honestly do. I’m completely out of the market presently, but that’s because every spare dime is going into my business to finance engineering and design costs. Business is booming (no pun intended; I’m in blast engineering), but that’s more a function of the times than anything else.
I’ve got friends in banking, finance and accounting, and all of them are advocating different approaches to investing.
When I invested seriously before (personally and institutionally), I was a devoted advocate of Ben Graham and value investing. I will tell you that I stayed away from stocks religiously and played for years in the bond market. I wasn’t looking to be a world beater, but to maintain a consistent return net of inflation and any costs of funds (institutionally). In this regard, I considered myself successful, generally returning between 4 – 6% total net return.
