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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/27/2009 : 10:51:04
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Trouble is that in this particular cycle, investing and survival are almost perfectly aligned. Nobody was going to starve if they didn't put money in dotcom's or airlines or countless other ventures that went belly up in the not so distant past. Turns out, moving your money out of paper into hard assets is not really optional. Not in the long term and, as we established above, the short term doesn't matter. Things that are going up in price this go around – food, energy, metals, natural resources - are essential to our way of life and have the potential to be the difference between starving or not in the coming years. Hence, they are not for investors only, they are for everyone.
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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The Trouble with Forecasting
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