A brief note about what to do with your money in the coming year.I wouldn't buy stocks, if you're the type who like security and not a lot of excitement. They'll go up a little & then come down. Unemployment is going to get uglier and uglier in the next six months. But eventually, you cannot keep all your money in cash, because even cash is going to lose its value.
Gold? I was reading the other day that gold today is at the same equivalent price it was in 1300. Gold is a metal with no independent use to it other than the value which others place upon it. Yeah, the $ value may go up and down, but it's still the same old thing.
Bonds? Maybe, but with the government controlling not just the interest but how much of them there are ... well...not that appetizing.
Think local. Think critical.
Think local. Do you really want your life savings invested in a plant in Thailand, halfway around the world, with many middlemen between you and your money? Think local. Put your investments where you can see them. And get as close to actual physical ownership as possible. Warren Buffet is buying an entire train line, not mutual fund shares in it.
Think critical. When times get hard, people still need food, clothing and shelter, right? But when times get critical, what do they need? Critical necessities...and you can figure those out for yourself with just a little thought.
The problem which is befuddling most economic pundits is how to position wealth so that when currency becomes worthless and commodities lose their value, what is going to retain some worth, once the dust settles?
After all, Buffet's trains are still gonna turn a profit, regardless of what that business's street value is.


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