Protect your ass ets.....

[Dead Money]

:SIB

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Not sure how many "real money" guys are here...but...

It is obvious the dollar is in a prolonged slide against many currencies. It is obvious the politicians are clueless and the deficit will NEVER be under control, which means INFLATION big time.

I began buying gold at 350 an ounce (now 650) as protection. (I see gold at 2000-3000)

The gubberment can take a perfectly good pine tree, shred it and make a billion dollars in currency magically appear. Or enuff toilet paper to supply an army barrack for a week (the intrinsic value is the same) They can not counterfeit gold, history shows us gold always has value, regardless of the follies of the gubberment.. :SIB

Here is a no nonsense gold and political dissection site that I put stock into.

hopefully it helps someone with foresight

www. jsmineset.com

 

[s_dooley24]

ticker fxe is also something to look at its a edge against the dollar by way of exposure to the euro

 

[s_dooley24]

easy to buy gold as well ticker gld

 

[Dead Money]

Hello Dooley...

Hello Dooley...

Most of my exposure is in the physical metal stored in the bank...no real worries there.

I dabble in some gold stocks GG (which is rock solid) among them and tre which is an explorer with very good potential in Tanzania, where the Chinese and Barrick are sniffing around

I appreciate your input, I will look into your mentioned items.


As far as currencies go, you have to like the canadian dollar....stable government, many resources, Metals, oil, gas timber...

The dollar is sailing south...slowly..too many in foreign hands.

They have to keep interest rates up to peddle bonds and treasuries to the shieks..

gltu

 

[djv]

Put some gold in my mix over a year ago. Glad I did. There are some smart guys out there say it's going to over $900.

 

[s_dooley24]

just to make sure we dont have any confusion

gld is not a gold stock its a etf that holds gold bullion reserves...the share price is equivlant to 1/10 of an ounce of gold bullion

http://quote.morningstar.com/ETFQuote.html?pgid=hetopquote&ticker=gld

 

[s_dooley24]

As far as currencies go, you have to like the canadian dollar....stable government, many resources, Metals, oil, gas timber...

The dollar is sailing south...slowly..too many in foreign hands.

They have to keep interest rates up to peddle bonds and treasuries to the shieks..

gltu

Agree that holding anything besides the dollar is a wise choice. However, Canada and the US are such huge trade partners that I would prefer to have less correlation and go with the euro...not to mention how tight they're across the pond (i.e. Bank of England yesterday)