One of worlds top economic advisors tells clients to buy gold and farmland

[Okiedope]

With All Due Respect.

Then it's gonna bug-the-Shit-outta-ya all the way to the Po'house.... 'Cause as the Dollah goes down...... And Inflation goes HYPER...

Strap in, Folks. Point-of-no-return reached. The "Plunge-Protection-Team" is no longer effective. The examples of Countries that are following responsible economic policies are rare.

The You Ess Ay cannot "Print its' way" out of this mess.

Nero is Fiddling, and the Fat Lady is eating Dessert before she goes On Stage for her Final Performance.

Carl Carlson, You da Man.

well if it turns out you are right then I guess you'll get to say i told you so. i'm going to go on living my life now.

 

[DiscoBiscuit]

wow... you need to cool off man...

I was originally commenting on a post by Spastic, not by anything you had been saying...

Then take another look. When you go to the trouble of quoting my comment, you're going to get a response regardless who you anonymously address. Especially when you appear to ignore the comment altogether and just repeat the premise. Gramps didn't counter your bureaucracy is bogus comments either so I don't understand why dragging somebody else in yet quoting me.

I sometimes respond in the same way others do. Maybe you need to cool off.

no one here is trying to poke holes at you; I'm just defending my opinion with what I consider valid reasons; they may not be valid to you, that is cool, but that does not mean I'm looking for a nail, as you put it.

be good

Alright, I regress. But I'd be happy to show you where you create aspects of my argument to make yours. You're welcome to speculate and opine but please make your connections to me relevant.

 

[DiscoBiscuit]

9Lives, you should really learn how to use the system quote. That keeps your posts from appearing under somebody else's header. I'm certain you're good enough, smart enough and doggone it, people like you. But others won't necessarily grasp your comments are only distinguished with a format typically used for emphasis.

Trying to straighten out the banter gave me this nice italicized print. Looks like the words are reverberating on the screen, lol.

Besides a 21st century man such as yourself can certainly recognize the ease of automation.

Well you are wrong. I'm doing very well thank you! And ''e-trading'' ? You got something against the internet ?

Try reading again, lol

and wich one is this ? I go through 100-s of articles every week. I can tell the difference. And i don't even do fundamental news based trading. All tech here.

Bravo!

What ? You are talking about when you lost the gold standard ? Well sucks to be you i am talking about eur/usd and usd/gold charts that we're very predictable less than a few years back. They still are but not like they used to be. Dollar strength is not pushing gold down as it used to. Means people are holding on to gold.

Based on the above, I bet you're not (holding on to it.)

That's because you're a leftist idiot..Don't take that wrong now!

Oh, nothing taken wrong here...I recognize being trolled when I read your comments, idiot.

Why the hell should i look at a chart from 1980 ? I rarely hold a position for more than a week.

Why don't you just cut to the chase? You don't invest in gold, you're just making the argument that gold investments are good. Otherwise I find it amusing that you would take personal offense of what I commented.

''Guess i'll just have to use my trailing stop-loss wont i ?''

Whatever floats your boat, mate. You don't have to puff your own sail though.

BTW, the panning comment was a joke. IMO, so is short term gold investing.

OMFG..

More hope/wishful thinking?

What an effing moron...

I'm out...


What an effing moron...

I'm out...

Now you're repeating yourself. Bold print and repetition, just what I look for in investment strategy. BTW, that's a joke too. You should try it sometime, joking that is. You seem to be a bit excitable. Sounds like your tech strategy is a bumpy ride and you take out the frustration in a pot forum.

Maybe you've got it all tweaked but you seem excitable. I hope that doesn't translate into a bad trading week.

 

[DiscoBiscuit]

well if it turns out you are right then I guess you'll get to say i told you so. i'm going to go on living my life now.

I like Okie's logic. Bust is a real possibility but perpetual gloom and doom tend to take over the mind. We all know Jim Morrison and "the whole shit house is gonna go up in flames" but doomsday scenarios are older than print. At some point, the show has to go on until it runs it's haphazard life.

If you're young, healthy and don't need investment gains to live on, (aka, having a job) consider a diversified portfolio of non-managed, low cost index funds, muni bonds, etc. You won't get rich overnight but annual compounded interest + several decades of maturity is a beautiful thing at retirement age. The best part is low risk. Low risk means more security and many low-risk-contracts guarantee yield. This doesn't mean the sun is guaranteed to rise tomorrow but today's high risk is even more dangerous after 90s deregulation.

It's interesting the folks that have the more specific, high-risk advice seem to be the most excitable when an alternative is suggested. If I were making high-risk money and somebody suggested I'm hanging myself out to dry, I might be skeptical. But thin skinned commentary suggests a less than positive experience. Sounds more like "the water feels great" while high and dry on the patio.

I'm enjoying an early retirement of sorts. The employment market is terrible for an old man and I have to find my own work at the present. I'm fortunate to have listened to conservative investment advice 30 years ago. I have income at my disposal and shudder at the thoughts of high risk in a market that is unfortunately more dependent on bust than it was a mere 11 or 12 years ago.

 

[Blckbrd]

Regarding the farmland investment advice ... I strongly suspect it is from the perspective of self-sufficiency rather than economic investment.

Agriculture, like banking, has been centralized and if there is a conflict, civil or external, that affects petroleum (transportation), banks (consumer purchase power), or the agriculture market (wall street), there may well be hoards of people who can't buy necessities from stores that can't stock them from centralized farms that can't produce or won't produce. All us green thumbs better have some fruit and vegetable seeds too! I think that was the nature of the advice rather than there being any wisdom in purely economic "farmland" real estate investments.

 

[DiscoBiscuit]

Thanks for the perspective, Blckbrd. I agree, land investments may provide security in other aspects besides monetary gain. The only potential snag I see is speculative land/real estate bubbles. If you already own land and are looking at the non-monetary incentive to keep it, future bubbles aren't the typical problem. I plan to hang onto what land I own and wait until the market adjusts to determine whether to keep it, sell or possibly buy more.

Your post reflects my interests too and I'm glad you commented.

 

[9Lives]

I like Okie's logic. Bust is a real possibility but perpetual gloom and doom tend to take over the mind. We all know Jim Morrison and "the whole shit house is gonna go up in flames" but doomsday scenarios are older than print. At some point, the show has to go on until it runs it's haphazard life.

If you're young, healthy and don't need investment gains to live on, (aka, having a job) consider a diversified portfolio of non-managed, low cost index funds, muni bonds, etc. You won't get rich overnight but annual compounded interest + several decades of maturity is a beautiful thing at retirement age. The best part is low risk. Low risk means more security and many low-risk-contracts guarantee yield. This doesn't mean the sun is guaranteed to rise tomorrow but today's high risk is even more dangerous after 90s deregulation.

It's interesting the folks that have the more specific, high-risk advice seem to be the most excitable when an alternative is suggested. If I were making high-risk money and somebody suggested I'm hanging myself out to dry, I might be skeptical. But thin skinned commentary suggests a less than positive experience. Sounds more like "the water feels great" while high and dry on the patio.

I'm enjoying an early retirement of sorts. The employment market is terrible for an old man and I have to find my own work at the present. I'm fortunate to have listened to conservative investment advice 30 years ago. I have income at my disposal and shudder at the thoughts of high risk in a market that is unfortunately more dependent on bust than it was a mere 11 or 12 years ago.

What index funds do you consider low risk ? I'm predicting we will see Dow Jones around about 9000 by the end of this year. ''Worst case scenario'' we will see it hover around in the 12000s. If i was an investor ( i am a trader. I don't do long term), i would put my money in the RICI.

http://www.bloomberg.com/markets/rates/, http://www.economist.com/business-finance/displaystory.cfm?story_id=15080543
http://www.bondsonline.com/News_Releases/news03031001.php

these yields are a joke. Inflation will eat your profits away! Can you show me something with more yield ?

I understand you are an older gentelman but this is not your ''Grandfathers America'' anymore. The deficit is unprecedented you can't just turn a blind eye to that fact. The money printing is unprecedented. I would rather just burn my money than invest in bonds or treasuries right now. We will see alot of defaulting. Not even mentioning the fact that the profits are a joke. Even a novice trader can make more with their eyes closed..

The market is only as high risk as you want it to be. It's how you manage your money and your emotions. Keep your stops tight, trade with 2-5% of your account, trade what you see, hedge and you will be fine..

 

[9Lives]

Regarding the farmland investment advice ... I strongly suspect it is from the perspective of self-sufficiency rather than economic investment.

Agriculture, like banking, has been centralized and if there is a conflict, civil or external, that affects petroleum (transportation), banks (consumer purchase power), or the agriculture market (wall street), there may well be hoards of people who can't buy necessities from stores that can't stock them from centralized farms that can't produce or won't produce. All us green thumbs better have some fruit and vegetable seeds too! I think that was the nature of the advice rather than there being any wisdom in purely economic "farmland" real estate investments.

It depends on where you live. Agricultural commodities are way over sold. Faber is looking at the money printing/inflation. Inflation means commodities will go up! That and demand is increasing thanks to booming Asia. As they move on to a more westernized diet (more meat), meat prices will go up. Agriculture is a safe bet!

If you think energy prices will go up! - So will Agri
If you think all this money printing will cause massive invlation! - Agri will go up
If you think there will be more demand than supply in food then Agri is your bet.

The ''landgrab'' is allready happening. The Chinese are buying up land in Africa as are the Emirates. There is less and less usable agricultural land in the world. Part thanks to overworking the land, salt build up. Part thanks to draught (climate change if you believe in it). Meanwhile Asia is getting richer and it's appetitte is increasing.

In Europe we are using more and more biofuels also another great use for Agricultural land..Hell if we get a carbon credit trading system imposed on us people in agri will be golden! The organic ones atleast..

 

[Bud Bug]

I find a big war very unlikely. There is simply no need for war anymore. They can just print all the money they want and basically steal it without anyone caring. They don't need to start wars anymore to get your cash. Not worth the effort..

I think its coming and the US will do something to start it. There's 300+ million spoiled consumers in the US. Any big change in their life style will cause them to uproar and make the US gov so d something drastic.

 

[DiscoBiscuit]

What index funds do you consider low risk ? I'm predicting we will see Dow Jones around about 9000 by the end of this year. ''Worst case scenario'' we will see it hover around in the 12000s. If i was an investor ( i am a trader. I don't do long term), i would put my money in the RICI.

http://www.bloomberg.com/markets/rates/, http://www.economist.com/business-finance/displaystory.cfm?story_id=15080543
http://www.bondsonline.com/News_Releases/news03031001.php

these yields are a joke. Inflation will eat your profits away! Can you show me something with more yield ?

Not my words but a pretty good short answer to the low risk question. It also touches on managed vs non-managed. My term "low cost" refers to non-managed, low risk. It might not be industry standard, sorry if I misled.

Because the composition of a target index is a known quantity, it costs less to run an index fund. No highly paid stock pickers or analysts are needed. Typically expense ratios of an index fund ranges from 0.15% for U.S. Large Company Indexes to 0.97% for Emerging Market Indexes. The expense ratio of the average large cap actively managed mutual fund as of 2005 is 1.36%. If a mutual fund produces 10% return before expenses, taking account of the expense ratio difference would result in an after expense return of 9.85% for the large cap index fund versus 8.64% for the actively managed large cap fund.

I won't argue the returns are not suitable for the sort-term investor because compounding interest doesn't have the opportunity to significantly (~30 years) manifest. However if one is investing for the long term, that's my opinion and recommendation, especially if you're counting on a retirement fund.

I recognize my suggestion doesn't fit all investment strategies, particularly the short term scenario. I'm not advocated the best way for retirement per say. I'm only suggesting the benefits of low risk and guaranteed investments for long term security. I wouldn't be surprised to hear you're more successful with another strategy but I'm a conservative investor and choose low risk.

I understand your inflationary concerns. That's where I too am gambling, even in a low risk/guaranteed scenario. For now, I'd rather bet on inflationary considerations than short-term gain. I don't recommend particular investments as I'm not an expert adviser. That's exactly why I'm in this particular boat.

If you're making money, I congratulate your success. However, retirement age is a long way away for some that may not possess your knowledge and or win/loss ratios.

I understand you are an older gentelman but this is not your ''Grandfathers America'' anymore. The deficit is unprecedented you can't just turn a blind eye to that fact. The money printing is unprecedented. I would rather just burn my money than invest in bonds or treasuries right now. We will see alot of defaulting. Not even mentioning the fact that the profits are a joke. Even a novice trader can make more with their eyes closed..

You're right, we're in a somewhat different investment world. Along with inflationary concerns, there are more sharks in investment waters since deregulation. Add to the fact I'll depend on my investment success for a smooth retirement. If you've got it to risk, best wishes. I'm not here to disparage, rather point out that low risk carries (safer) high potential, given your specific needs and necessary time. I realize I'm not only betting against abnormal inflation, there's no guarantee I even live to enjoy retirement, lol. I can leave it all to heirs but I'd rather stick around to accumulate more earnings, then leave it for my will.

The market is only as high risk as you want it to be. It's how you manage your money and your emotions. Keep your stops tight, trade with 2-5% of your account, trade what you see, hedge and you will be fine..

Thanks very much for the tips. You're right again, risk is what the investor/trader decides. As a matter of fact, I couldn't correctly calculate gold risk. All I have to go on is life experiences, several friends and associates ups and downs with gold and the reality they got out of gold. I know that's a little like sticking a wet thumb up to gauge the wind, lol.

Thanks again for the perspective and advice. I sense good things in your monetary plans.

 

[grapeman]

Running your virtual mouth is equally worthless. Nobody here said administration produces anything. My state Blue Cross entity has roughly 3 times the bureaucracy costs of federal Medicare/Medicaid paper pushing. My argument (and you know it) doesn't state admin has a monetary value. But wasteful admin/bureaucracy cuts into profit and/or efficiency.

Thank you for making my point for me. The reason blue cross may have higher administration costs then medicare (I don't know if this is true because most all else you have said is stupidly false), is because they are a private company answerable to shareholders who expect a profit. so they try to make sure they do not pay for things unnecessarily or overpay for things that are necessary.
While on the other hand our fucked up government just pays and thus the fraud as set forth on 60 minutes to the tune of $50 billion/year or MORE.

But I don't expect you to understand. It's obvious you have a government job.

 

[a6grow]

interesting stuff but i gotta say it is highly unlikely USA & China would go to war, they are just too dependent on each other. USA dependent on China for cheap goods because of the materialistic nature of American culture, and China needs the demand from USA to help the country keep growing...even while artificially keeping the exchange rate stable...

 

[F1ynnie]

as a senior USA citizen, recently moving towards more self sustaining lifestyle, and a land owner ... i find this thread extremely interesting.

i don't ever see usa vs china, but i do envision a day when it's usa and russia vs china.

i totally agree with the person that posted to buy seeds. check out what monsanto has in our future and it might change your mind.

for me, it doesn't take anyone telling us to buy land or gold to do something. there is no more land to be had ... it all exists right now and in coastal areas it is diminishing.

after katrina hit new orleans, i bought more land too.

much like a few have posted here, doesn't take too many brain cells to see how people in this country react when they can't get their disposal diapers, individual wrapped sliced cheese, or ammo. always better to have it and not need it, than to be sitting with your thumb up your butt wondering how to steal it from someone.

i play the market and just like another posted, i don't give a crap about the fundamentals. i play for profit always. go with the flow. get in and get out. i don't always make the right choice, but i make more right ones than wrong ones which means profit for me.

and my last comment is that the more i move towards less dependency on anything, the easier my lifestyle has become. i never pay full price at a grocery store. i wait for the deals and stock my freezer. when lettuce, tomatoes, etc are being pulled from the shelves because of the latest scare ... i grow my own and don't even bat an eye.

hyper inflation is coming. no doubt about it. and when it hits i will not be dependent because of debt loads or without the ability to at least stick a seed in the ground and grow a plant to eat.

so i tend to be in full agreement with the OP

 

[stasis]

I don't disagree with your doomsday possibility but I wouldn't resort to commodities that require distribution, thus subject to the success or demise of oil.



Best wishes with your investments.

Volcker will not have the backing to do what needs to be done, anyways....

Unfortunately, while I might have before, I do not NOW consider these to be Doomsday ideas... More like necessary Corrections, due to extreme excesses, unchecked.

But, I Agree with your premise. Local business would become more important.