Thanks for the update, pdowd. However, PM is my protection FROM the dollar. It wouldn't make much sense for me to sell it and return to something I have no confidence in, that still has all the problems AND THEN SOME that led me to PM in the first place.
PM stocks are another matter. I'd consider exiting them, but they're already oversold. The dollar may be the place to be for the next year, but I'm always shakey about transactions with a duration of a year or less. That becomes more like gambling, imo, not investing or protecting.
These days, in approximately this order, I think the things to have are:
My own business
Farmable land with its own water source
Gold
Energy
PM stocks (junior miners)
Silver
Dollars
Rental properties in a few select markets
Other dollar-denominated assets
There are a whole bunch of other things people should ACCUMULATE, of course. A rural home w/ farm structures, food & seed, animals, tools, equipment, machinery (including farm vehicles), clothes, liquor, guns & ammunition, enough gas to get to the aforementioned rural home, books...
I'm glad Harry Dent likes the dollar. Maybe his optimistic view will be right. If so, diversified as I am, I'll be fine. I'm far more worried about MY scenario - in which, despite my preparations, I could be in serious trouble.
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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