Quote:
Originally Posted by Internet Guy
Since converting to cash and PM's, for the first time in years I sleep soundly at night.
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Im pretty active in the market. Actually I think equities will do quite well but only over the long term. The only solution to these debt problems is to expand the money supply (ie quantitative easing) and this is generally good for many asset classes including equities.
I you wanna go relatively safe, companies like Exxon, Apple, China Mobile etc..... dividend paying blue chips are best, youll get paid to wait for share price recovery in a worst case scenario. Dont forget the gold stocks!
As for precious metals, I completely agree and I think gold is just starting its ascension. However, it is absolutely the worst time to hold cash because interest rates are mostly way below the rate of inflation (negative real interest rates) and thus youre getting burned YOY.