Home › Forums › Financial Markets/Economics › 3-5 year plan…gold and oil?
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October 11, 2008 at 9:38 PM #14188October 11, 2008 at 10:18 PM #286108underdoseParticipant
Your guess is as good as mine. I personally expect severe inflation despite the immediately deflationary effects of this market crash. I suspect Bernanke will way overprint. Of course the wildcard is, how much can he print in 3 months, and (assuming Bush actually steps down peacefully) will the next president retain him? How soon will this inflation become apparant and push gold and commodities back up? Jeez, I would have expected it a lot sooner, but I also expected the housing crash to happen sooner. I’m no good at timing things, and gold and commodities got hammered on Friday as badly as the stock market, so maybe I’m way early on that bet. So maybe dollar costing will work for you. If prices still drop from here, you can buy more “on sale”. But in a 3 – 5 year time horizon, I’m in full agreement with you. Likely good returns eventually. Maybe you want other commodities besides just oil, particularly agriculture. People will cut down on oil use. All they gotta do is trade the Escalade for a Prius. But people will always eat, no matter how bad the economy. But that’s just me…
October 11, 2008 at 10:18 PM #286402underdoseParticipantYour guess is as good as mine. I personally expect severe inflation despite the immediately deflationary effects of this market crash. I suspect Bernanke will way overprint. Of course the wildcard is, how much can he print in 3 months, and (assuming Bush actually steps down peacefully) will the next president retain him? How soon will this inflation become apparant and push gold and commodities back up? Jeez, I would have expected it a lot sooner, but I also expected the housing crash to happen sooner. I’m no good at timing things, and gold and commodities got hammered on Friday as badly as the stock market, so maybe I’m way early on that bet. So maybe dollar costing will work for you. If prices still drop from here, you can buy more “on sale”. But in a 3 – 5 year time horizon, I’m in full agreement with you. Likely good returns eventually. Maybe you want other commodities besides just oil, particularly agriculture. People will cut down on oil use. All they gotta do is trade the Escalade for a Prius. But people will always eat, no matter how bad the economy. But that’s just me…
October 11, 2008 at 10:18 PM #286419underdoseParticipantYour guess is as good as mine. I personally expect severe inflation despite the immediately deflationary effects of this market crash. I suspect Bernanke will way overprint. Of course the wildcard is, how much can he print in 3 months, and (assuming Bush actually steps down peacefully) will the next president retain him? How soon will this inflation become apparant and push gold and commodities back up? Jeez, I would have expected it a lot sooner, but I also expected the housing crash to happen sooner. I’m no good at timing things, and gold and commodities got hammered on Friday as badly as the stock market, so maybe I’m way early on that bet. So maybe dollar costing will work for you. If prices still drop from here, you can buy more “on sale”. But in a 3 – 5 year time horizon, I’m in full agreement with you. Likely good returns eventually. Maybe you want other commodities besides just oil, particularly agriculture. People will cut down on oil use. All they gotta do is trade the Escalade for a Prius. But people will always eat, no matter how bad the economy. But that’s just me…
October 11, 2008 at 10:18 PM #286446underdoseParticipantYour guess is as good as mine. I personally expect severe inflation despite the immediately deflationary effects of this market crash. I suspect Bernanke will way overprint. Of course the wildcard is, how much can he print in 3 months, and (assuming Bush actually steps down peacefully) will the next president retain him? How soon will this inflation become apparant and push gold and commodities back up? Jeez, I would have expected it a lot sooner, but I also expected the housing crash to happen sooner. I’m no good at timing things, and gold and commodities got hammered on Friday as badly as the stock market, so maybe I’m way early on that bet. So maybe dollar costing will work for you. If prices still drop from here, you can buy more “on sale”. But in a 3 – 5 year time horizon, I’m in full agreement with you. Likely good returns eventually. Maybe you want other commodities besides just oil, particularly agriculture. People will cut down on oil use. All they gotta do is trade the Escalade for a Prius. But people will always eat, no matter how bad the economy. But that’s just me…
October 11, 2008 at 10:18 PM #286449underdoseParticipantYour guess is as good as mine. I personally expect severe inflation despite the immediately deflationary effects of this market crash. I suspect Bernanke will way overprint. Of course the wildcard is, how much can he print in 3 months, and (assuming Bush actually steps down peacefully) will the next president retain him? How soon will this inflation become apparant and push gold and commodities back up? Jeez, I would have expected it a lot sooner, but I also expected the housing crash to happen sooner. I’m no good at timing things, and gold and commodities got hammered on Friday as badly as the stock market, so maybe I’m way early on that bet. So maybe dollar costing will work for you. If prices still drop from here, you can buy more “on sale”. But in a 3 – 5 year time horizon, I’m in full agreement with you. Likely good returns eventually. Maybe you want other commodities besides just oil, particularly agriculture. People will cut down on oil use. All they gotta do is trade the Escalade for a Prius. But people will always eat, no matter how bad the economy. But that’s just me…
October 11, 2008 at 11:43 PM #286462TheBreezeParticipantIn the future, bands of sub-humans will roam the planet subsisting on whatever they can scrounge from the Earth. A Master Class of humans will live in castle-like structures surrounded by Iron walls. All forms of paper currency or securities will be worthless.
We are on the verge of a complete societal breakdown. After the Great Societal Implosion, gold may have some trading value, but I expect that things like food and water will be the most valuable items.
We are headed back to a feudal-type society. Trading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
October 11, 2008 at 11:43 PM #286509TheBreezeParticipantIn the future, bands of sub-humans will roam the planet subsisting on whatever they can scrounge from the Earth. A Master Class of humans will live in castle-like structures surrounded by Iron walls. All forms of paper currency or securities will be worthless.
We are on the verge of a complete societal breakdown. After the Great Societal Implosion, gold may have some trading value, but I expect that things like food and water will be the most valuable items.
We are headed back to a feudal-type society. Trading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
October 11, 2008 at 11:43 PM #286506TheBreezeParticipantIn the future, bands of sub-humans will roam the planet subsisting on whatever they can scrounge from the Earth. A Master Class of humans will live in castle-like structures surrounded by Iron walls. All forms of paper currency or securities will be worthless.
We are on the verge of a complete societal breakdown. After the Great Societal Implosion, gold may have some trading value, but I expect that things like food and water will be the most valuable items.
We are headed back to a feudal-type society. Trading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
October 11, 2008 at 11:43 PM #286480TheBreezeParticipantIn the future, bands of sub-humans will roam the planet subsisting on whatever they can scrounge from the Earth. A Master Class of humans will live in castle-like structures surrounded by Iron walls. All forms of paper currency or securities will be worthless.
We are on the verge of a complete societal breakdown. After the Great Societal Implosion, gold may have some trading value, but I expect that things like food and water will be the most valuable items.
We are headed back to a feudal-type society. Trading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
October 11, 2008 at 11:43 PM #286168TheBreezeParticipantIn the future, bands of sub-humans will roam the planet subsisting on whatever they can scrounge from the Earth. A Master Class of humans will live in castle-like structures surrounded by Iron walls. All forms of paper currency or securities will be worthless.
We are on the verge of a complete societal breakdown. After the Great Societal Implosion, gold may have some trading value, but I expect that things like food and water will be the most valuable items.
We are headed back to a feudal-type society. Trading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
October 12, 2008 at 4:24 AM #286565barnaby33ParticipantTrading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
Or just dollar cost averaging.
JoshOctober 12, 2008 at 4:24 AM #286223barnaby33ParticipantTrading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
Or just dollar cost averaging.
JoshOctober 12, 2008 at 4:24 AM #286517barnaby33ParticipantTrading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
Or just dollar cost averaging.
JoshOctober 12, 2008 at 4:24 AM #286534barnaby33ParticipantTrading paper based on the value of oil and gold may provide you with greater paper wealth in the interim, but after the Great Societal Implosion, you’ll likely be better off having a large store of canned goods.
Or just dollar cost averaging.
Josh -
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