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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (174818)	1/2/2009 2:36:26 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Currency collapse is the stickiest problem, and one I am actively working on, mainly in terms of inflation. Real estate will normally go up to compensate for inflation, as it is a real asset, but the current real estate situation is so bad that it might not work. I would also expect stocks to rise, but companies will probably issue more shares and dilute it, so you are still going to lose. Gold and silver don't seem practical to me. You are inviting theft and/or death by actually having physical possession. If someone else is holding it, you probably won't be able to get possession if things get so bad that you really need to. I don't trust people at all, based on prior experience. Can anyone envision a gold based economy in the US? How could/would that possibly work? We are currently trading cash for knowledge at the local universities/colleges. We will continue doing that as long as possible, especially with the current tax incentives. To us knowledge is the most valuable thing to have because with enough of it you can get almost anything you need/want.

To: Patricia Trinchero who wrote (174818)	1/2/2009 4:20:29 PM
From: Poet	Read Replies (1) \| Respond to of 306849

It's hard to guess what will be used for barter if our dollar becomes worthless...............food might be very valuable! I live in a rural area where people have land, vegetable gardens, fruit trees, livestock and their own wells. People who have a sense of what's coming in terms of possible disruptions in food (and other goods) delivery are making plans with each other. I think JQP's learning welding is a good idea. Skills in carpentry, electrical, blacksmithing, sewing and cooking etc. are all eminently barterable, should there be this kind of crisis. There was a piece this morning on the Today Show about the surge in the purchase of home safes. We've got one...have important papers, and a few thousand dollars stored. I just put all my good jewelry in the safe deposit box at the bank, though. Crimes like home break-ins are on the rise in my area.