The Motley Fool Discussion Boards

Previous Page



Subject:  Re: Marc Faber "I advise every American to Date:  11/27/2008  11:03 PM
Author:  abitare Number:  88671 of 404


First 35k should be to start in your own business. If you have all your consumption debt paid off, you can start to accumulate gold coins. I am not sure if they will nationize miners or not. England did when it got in trouble, we are like England. Miners are a gamble. In a deflationary period miners will not hold up well and they have not look at Downwithinfidel, who got killed earlier. 

Best thing is to save money and develope a useful job skills. Gold will not likely make you rich. Gold is insurance and an asset protection device. If you have over $50k in assets, I think gold is a good asset to own after you have stockpiled six months of food, six months of salary and have some fire arms. 

Google: Buy List Outside of Stocks by abitare

and Leasons from the Argentina Collapse by abitare for some more ideas 

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us