Well, of course it's not the only safe-haven. Platinum is a safe-haven. So's silver. And oil, though I don't know how you store very much of it. And in a few years, if the ability to find food is in question, farmable land might just outperform them all.
People need to be thinking ahead - asking themselves, "Where is this thing headed next?" Buying what people are going to want before they know they're going to want it . . . is by far the best way to invest.
I can't think of a better thing to buy right now than farmland. I hope you guys are thinking along those lines.
The message never changes... and some of you have GOT to know by now that the "doom" message that's been communicated on this board day in and day out for years is, essentially, correct.
Gold is now over $1850/oz, and the "blowout" phase of its climb hasn't yet even begun. Those of us who predicted it would climb this way when it was still under $400 didn't just get lucky...
PROTECT YOURSELVES. Buy gold, silver, platinum, ammunition, guns, farmable land, natural gas. And six months' of storeable food. Get out of your dollar-denominated investments and "assets" while you still can.
Aug. 19, 2011, 12:01 a.m. EDT
Gold’s not the only safe-haven commodity
Silver, corn, coffee and gasoline prices have been climbing too
By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold has climbed by a phenomenal $339 an ounce since the start of July, proving its worth as a safe-haven investment, but the yellow metal isn’t the only commodity that can offer a refuge for investors.
“After all, no matter what happens to paper markets, physical commodities will still be in demand,” said Jason Schenker, president and chief economist at Prestige Economics LLC.
Gold prices are up 28% year to date. Other commodities have seen impressive gains as well, despite the bloodbath in the U.S. equities markets and often grim news on the global economy.
Year to date, silver’s up 31%, corn has added 13%, coffee’s up 10%. Heating oil’s added 13% and gasoline’s up 18%.
“Industrial metals, precious metals, and energy commodities are all real assets that are consumed,” said Schenker. “They are also much more homogeneous and fungible than other specific investments of a given financial asset class. As such, they are all a bit safer in the long run.”
Full article: http://www.marketwatch.com/story/golds-not-the-only-safe-haven-commodity-2011-08-19?dist=afterbell
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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