If USD goes to "0".... hope you have guns and ammo, because SHTH is upon us....
Gold and Silver may be good to trade for food and water
Gold and Silver may be good to trade for food and water
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When the USD goes to "0", physical gold and silver still have value. Gold and silver are bought as a life insurance policy on your paper assets, all of which will be worth "0" at some point. The trick is to have a chair when the music stops.
"The Millionaire Next Door" is the first book I ever read on investing, great primer.Fred Schwed wrote a book called Where Are the Customers' Yachts? The title came from a story about a visitor in New York more than a century ago. After admiring yachts Wall Street bought with money earned giving financial advice to customers, he wondered where the customers' yachts were. Of course, there were none.
Debt and taxes are your enemy. Investing in stocks while having debt is a loosing proposition. Paying cash for the things others finance will give you freedom and a higher standard of living.
Read the Millionaire Next Door and The Wealthy Barber. They are the best investment books out there for someone starting investing. They should be required reading in high school.
Top line is silver ETF SLV.
2nd line is gold ETF GLD.
3rd line is S&P ETF SPY
4th line is Dow ETF DIA
Any questions?
A little hyperbolic, but with some basis in truth. Stocks have been valued much higher many times by many metrics, maybe only highest now in P/S, not P/E or EBITDA/EV or P/E. They could crash tomorrow, or continue there run up to P/E's in the 40s like in the late 90's.
Future expected returns are much lower at these valuations, and I could not argue with having a heavy emerging market tilt within your equity allocation.
This chart shows CAPE/GDP Growth allowing for a proper comparison to the underlying economy. As you can see, this farcical sh*tshow known as the "market" is more overvalued than any time in recent history.