Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (43702)	12/20/2003 11:10:17 AM
From: Seeker of Truth	Read Replies (1) of 74559

So what happens to the gigantic mass of future retirees in Europe and elsewhere in the developed world? Well they will on average not do nearly as well as those who are retiring this minute. In winter they will have to wear overcoats inside their not so warm dwellings and eat low animal protein diets(to save money) etc. Those with energy left will scratch here and there for bits of service jobs. But if they still have those they love and who love them and can still joke with their friends they will be basically ok, even though the GNP will look bad. Those with a few euros left will scrape them up to buy gold and energy related shares and shares of growing companies in economies which have better demographics. These few may even live comfortably thereafter, even donating to worthwhile charities. Savers will do better than spenders. Those with market foresight will do better than J6P investors who are misinformed by TV. Crisis is your partner. The lonely path is the right way. etc. from Jay's little gold book.

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