tag:blogger.com,1999:blog-6283845125208268798.post5843196133885082542..comments2024-03-27T11:21:40.742+04:00Comments on Muscat Confidential: Panic driven rout continues in MSM, World Economy heading for hell in a handcartUndercover Dragonhttp://www.blogger.com/profile/10577931944980469254noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6283845125208268798.post-57488076709285578442008-10-29T09:59:00.000+04:002008-10-29T09:59:00.000+04:00BoxsterThanks. Yes, I agree the dollar climb will ...Boxster<BR/><BR/>Thanks. Yes, I agree the dollar climb will be short-lived against the other major currencies [euro, swiss franc]. But I'd still choose the dollar over the pound even at these rates for a while yet.<BR/><BR/>Gold is not a good long term investment, as it only roughly protects against hyperinflation. But I agree in these times having a % of your portfolio in precious metals is a v good idea. I bought my gold over the past 2 years, and got out of the market in late 2007, and I'm v glad I did. <BR/><BR/>To that list I would add:<BR/>- a mix of cash [US$, Euro, SF, Aussie & Canadian $]<BR/>- fertile land with water rights, <BR/>- shares in good quality companies [Nestle, P&G, PepsiCo, BHP],<BR/>- shares in vice industries [booze, fags, casinos, energy, generic drugs]<BR/><BR/>But I wouldn't go all survivalist just yet Boxster!Undercover Dragonhttps://www.blogger.com/profile/10577931944980469254noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-86624435679997721922008-10-29T00:38:00.000+04:002008-10-29T00:38:00.000+04:00Kudos on creating a thoroughly amusing article wit...Kudos on creating a thoroughly amusing article with the most grave of subject matters.<BR/><BR/>In my opinion the dollar's recent strength is what I refer to as a blip; the markets' reaction to the "unified front of governments guaranteeing this and that". As soon as the printing presses actually start churning out the rescue package billions at the hands of the de-facto dictator of the world Mr. Paulson, the dollar (together with the other currencies) will continue to decline.<BR/><BR/>If you're into the risk and making the buck with the excess cash - do the forex trading and the daytrading. If you're into the preservation of your wealth for the long term, then do like my motto of the season: the gold, the silver, and the copper-jacketed lead :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-33226611846664804162008-10-27T22:56:00.000+04:002008-10-27T22:56:00.000+04:00ALYou're right. Holding rials was a great deal lat...AL<BR/>You're right. Holding rials was a great deal lately. In euro or pound terms the Market reduction is not that bad, on the scale of things.Undercover Dragonhttps://www.blogger.com/profile/10577931944980469254noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-52722965496782064022008-10-27T22:18:00.000+04:002008-10-27T22:18:00.000+04:00Fear the day that CBO might have to come in.Fear the day that CBO might have to come in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-44646558499934639572008-10-27T16:50:00.000+04:002008-10-27T16:50:00.000+04:00Turbulent times they are...An aspect you've not bl...Turbulent times they are...<BR/><BR/>An aspect you've not blogged about is the currency exchange rates... right now the greenback is doing really quite well... I know I'll be stocking up on some foreign currency come payday... Rands, CAD's, Pounds, Euro's - all best rates in years right now.Anonymousnoreply@blogger.com