I have been calling for a market crash for maybe 3 to 6 years now, lol. I was bearish in 1998 too and missed out on the internet bubble. But did not lose when the Nasdaq lost 66% of it's value from March 2000 thru October of 2002.
One of best moves was getting into gold after 9/11. One of my buds said gold did not go up because of it and I said the bigger story is that it did not go down after all noticed it did not go up. Cashed some nice stuff in 2006 in gold and silver stocks, and the weird thing was when gold topped out in 2011, the stocks had not gone up much since 2006, got lucky selling then.
My biggie now and it is down is food. If Kunstler is right and America's standard of living crashes, food will be relatively higher at the commodity level. Gold scares me because I have heard of possible windfall profits taxes if there are huge gains if precious metals soar. Food commodities are a little less conspicuous and the rise might not be as explosive anyway.
I have been calling for a market crash for maybe 3 to 6 years now, lol. I was bearish in 1998 too and missed out on the internet bubble. But did not lose when the Nasdaq lost 66% of it's value from March 2000 thru October of 2002.
One of best moves was getting into gold after 9/11. One of my buds said gold did not go up because of it and I said the bigger story is that it did not go down after all noticed it did not go up. Cashed some nice stuff in 2006 in gold and silver stocks, and the weird thing was when gold topped out in 2011, the stocks had not gone up much since 2006, got lucky selling then.
My biggie now and it is down is food. If Kunstler is right and America's standard of living crashes, food will be relatively higher at the commodity level. Gold scares me because I have heard of possible windfall profits taxes if there are huge gains if precious metals soar. Food commodities are a little less conspicuous and the rise might not be as explosive anyway.
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