Comments on: Investment options suck in the USA. http://iwillescape.com/blog/2008/08/03/investment-options-suck-in-the-usa/ Escape from the system. Mon, 05 Jan 2009 21:10:47 +0000 http://wordpress.org/?v=2.3.3 By: CNTRL-ALT-DESTROY http://iwillescape.com/blog/2008/08/03/investment-options-suck-in-the-usa/#comment-158 CNTRL-ALT-DESTROY Sun, 23 Nov 2008 06:23:59 +0000 http://iwillescape.com/blog/2008/08/03/investment-options-suck-in-the-usa/#comment-158 Precious metals have been historically awesome for capital preservation depending on what part of history you're looking at. I hate to point out that you are WRONG but water could never be used as money as it is too bulky and cumbersome to transport. Can you imagine having your entire net worth in water? How would you make your mortgage payment in water? How would you buy food in water? You would need water to prepare the food. Gold and silver would be used as large amounts of value can be transported in your pocket. As you can see, the global economy is currently in peril. Last time I checked we are all on the fiat money system. Real estate is a terrible hedge against inflation if an apocalyptic event did occur. To date this hasn't happened, and is unlikely. Most people would flee the city and fight over land they could use for farming. In an event of that nature there would be no banks, or few banks, however I don't really see an apocalypse happening. Do you know that if you owned gold instead of stocks you would still have more value, dollar for invested dollar after the plunge we've seen? Peter Schiff knows, and I do too. Get into it. Precious metals have been historically awesome for capital preservation depending on what part of history you’re looking at. I hate to point out that you are WRONG but water could never be used as money as it is too bulky and cumbersome to transport. Can you imagine having your entire net worth in water? How would you make your mortgage payment in water? How would you buy food in water? You would need water to prepare the food. Gold and silver would be used as large amounts of value can be transported in your pocket.

As you can see, the global economy is currently in peril. Last time I checked we are all on the fiat money system. Real estate is a terrible hedge against inflation if an apocalyptic event did occur. To date this hasn’t happened, and is unlikely. Most people would flee the city and fight over land they could use for farming. In an event of that nature there would be no banks, or few banks, however I don’t really see an apocalypse happening.

Do you know that if you owned gold instead of stocks you would still have more value, dollar for invested dollar after the plunge we’ve seen? Peter Schiff knows, and I do too. Get into it.

]]> By: Tim http://iwillescape.com/blog/2008/08/03/investment-options-suck-in-the-usa/#comment-79 Tim Fri, 14 Nov 2008 17:32:32 +0000 http://iwillescape.com/blog/2008/08/03/investment-options-suck-in-the-usa/#comment-79 precious metals have been historically horrible for capital preservation. We aren't on the gold standard anymore, you can't eat it (well you can, because there is gold foil on some candy and stuff), you can't trade it for goods and services, and water is more likely a dooms-day medium of currency, not precious metals. Current elevated price of precious metals is a bubble, based on antiquated and false notions of hedge against inflation. Since the last spike and subsequent plunge, precious metals have been terrible against inflation remaining flat to steadily declining except this past year. global economies are so intermixed, that it doesn't matter what the US economy does, because the world economy will equally react in kind and and relative to the US economy. if your assumptions about inflation are true, then you would also have to assume that real estate is a terrible hedge against inflation, because capital appreciation in real estate is far lower than the rate of inflation. moreover in your apocalyptic scenario, real estate won't be of any value either since no one will be trading it. precious metals have been historically horrible for capital preservation. We aren’t on the gold standard anymore, you can’t eat it (well you can, because there is gold foil on some candy and stuff), you can’t trade it for goods and services, and water is more likely a dooms-day medium of currency, not precious metals. Current elevated price of precious metals is a bubble, based on antiquated and false notions of hedge against inflation. Since the last spike and subsequent plunge, precious metals have been terrible against inflation remaining flat to steadily declining except this past year.

global economies are so intermixed, that it doesn’t matter what the US economy does, because the world economy will equally react in kind and and relative to the US economy.

if your assumptions about inflation are true, then you would also have to assume that real estate is a terrible hedge against inflation, because capital appreciation in real estate is far lower than the rate of inflation. moreover in your apocalyptic scenario, real estate won’t be of any value either since no one will be trading it.

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