Wednesday, November 4, 2009

Here It Comes?

Have we dodged the bullet with the economy? Don't count on it and don't put your money back in the bank/market etc., i.e. don't trust paper assets at this time. Nothing here is financial advice, but only my opinion and the opinion of others in the know.

The next week or two will probably lead to circumstances that are not condusive with playing the markets including holding precious metal, energy or food commodities or stocks, although those will probably do better than others.

But if you would have gotten physical gold back when it was first suggested here, you are probably staying ahead of 99.9% of the rest of the people. If you haven't checked, gold has been breaking records for all time highs lately.

I still feel that gold and especially silver is undervalued even at the current higher prices. That is not to say that there may not be a temporary downturn in the prices before going higher yet.

The dollar on the other hand has gone down some but nothing like what will be coming up. Certain hard assets may therefore be one of the best things to do with money at this time other than your hoard that will get you through the downturn/crash/end of the world as we know it.

It may happen quick or it may be a long, drawn out affair, your guess is as good as mine but the changes most assuredly lie in our near future. I would say things will be extremely bad by around this spring or summer at the latest but could start heading down as soon as the next few days.

Whatever the timeline, it is looking like this is it no matter what the official BS is that is being touted. I hope this helps some of you prepare and enables you to get some assistance to make it through the very rough next few months or more likely years.

So stay tuned here and the other recommended places for updates and don't rely on the regular news sources or you are bound to find yourself in a very poor position when it hits

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