Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (9503)	7/19/2004 10:52:55 AM
From: mishedlo	Read Replies (2) of 116555

writer says to buy gold and treasuries investmentrarities.com one snip: My way, at this time in the cycle, is different. My way is to place a large portion of money in T-bills. A second portion of money goes toward compounding. And a third portion of money goes into gold and gold shares. ... What happens, you ask, if rates go up and the bonds go down? Answer -- the bonds still pay off at maturity, and after 20 years the compounding factor is so powerful that you can "burn" your original purchases. Again you ask, "But what happens if we're sitting with bonds or T-notes or whatever, and the system collapses?" My answer -- Then you rely on your gold. But what happens if the government bans trading or even holding or selling gold? ...then we're back to what my father told me during the Great Depression. "Richard," he said, "There are only two things you can depend on. Your education, and what you have between your ears. If you have an education, and you're able to think -- you'll always be ahead of the game.." My father was right in 1935, and he'd be just as right today.

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