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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%4:00 PM EST

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To: Haim R. Branisteanu who wrote (41176)10/12/2008 9:51:26 AM
From: maceng2  Read Replies (3) of 217852
 
what would be a wise investment to take advantage of this phenomena which no one can change?

I think it's still eeksy peeksy if we see cooling effect, but may be severe over several winters.

My solution to hedge this downside risk was to buy a stove and two tonnes of the physical. Coal that is, bagged and in the basement. I am waiting for delivery now, but my merchant seems trustworthy, it's currently £250 a tonne (metric ton). I got the new stove with CH boiler on ebay for £600+, about half the normal price. I've still to install it, but the house has three disused brick chimmneys so it's a fun project. I'm still trying to figure out how to remove a 1930's era asbestos heat plate safely. May take a while but the outside temperature may goad me into taking more action.

I'm thinking of buying a chainsaw, and be open to cut up and move fallen trees from storm damage at a reduced price. I have plenty of space to store wood, and the stove can burn it all.

Buying coal related stocks would be a great "anti Putin" move if fuel prices skyrocket -g- The Chinese love coal it seems.

But we have to wait until the stock crashing is done first I think.

bigcharts.marketwatch.com
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