Today I'm going to start slowly shifting assets into gold and oil. I'm going to do this by selling some of my other equity positions, even at a loss in the current poor market.
I recommend you consider doing the same. You will lose money in the sale, but they will begin making money in these alternative asset classes immediately.
Some things to consider:
- Dollar is hitting its record weakest, versus Euro, Yen, and others
- The Fed is going to keep making it worse, by easing monetary policy
- The temporary market rallies are not sticking
- Gold has hit $1,000 in overnight trading, it's past that psychological barrier
- Gold can get to $2,000 easily, in inflation-adjusted dollars it was there in the 1980's
- The $25B VISA IPO could potentially flop disasterously
- Potential continued financial markets failures could precipitate a more rapid fleet to gold/oil
Background articles --
* Bloomberg: Gold Rises to Record on Demand for a Haven
* Businessweek: Gas prices jump, oil hits $110
* Bloomberg: Dollar Falls to 12-Year Low of 100 Yen
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AboutThe End Times Portfolio helps prepare you and your family to safely survive social unrest and navigate turmoil in financial markets through sound investing that hedges against catastrophic market risk. Archives
August 2011
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