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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (6337)	5/13/2006 3:58:29 PM
From: RJA_	Read Replies (2) \| Respond to of 217837

>"Are ALL central banks trashing the savings of those who save in their currencies?" >YES. >If you want to SAVE something, consider metals, real estate, oil, gas and coal. >If you are old enough to remember the late 1970s, it is the same movie. I plan to go shopping for bell bottom pants this afternoon I was there for the late 70's... It was a nice ride, I was quite happy with the result. It looks like it is repeating, only bigger. I am 1/3 metals, 1/3 Canadian Oil trusts & Foreign Currency (Principally Eur & CAD) & hard currency funds, 1/3 USD (as that is my local currency). I will probably dink around with this if we have a drop in oil, increasing the oil share allocation. Do you know of any coal that pays decent dividends (like a Canadian income trust)? I am very reluctant to invest in stk that does not pay dividends as I fully expect the general market to decline (unless massively propped up by money printing like Zimbabwe). Stks that do not pay div, or have poor prospects of long lived div will not do well at all IMHO. Of course, buy out targets being an exception. Real estate is probably good for long term, but my guess is given the high rates that may be coming, perhaps it can be bought cheaper later. >>The Canada and Australia increase are likely related to 1) higher commodity prices and 2) people like us moving wealth into those currencies. Rather than have the value of the Aussie dollar bid up, more Aussie dollar get created to satisfy foreign demand. This is certainly an explanation. Disgusting. But probably accurate and forced on the monetary authorities, otherwise their exports would become uncompetitively priced. This is the reason Churchill was forced to abandon the gold standard after an attempt to get back on it after WW1.