Ways to Profit from Recession
- Thread starter shaunish
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Get a good commodity broker
this guy was pretty prescient:
http://www.youtube.com/watch?v=p3Qx54zdYzg
yes..they are awesome..
RonPaul_SantaMonica
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do they make the investments for you, or are they just a brokerage? i.e. do they give advice?
also, what are their fees?
thanks
Be careful with the commodities you choose. Discretionary commodities will decline because of lower demand. Make sure you invest in commodities that people must use even when the economy is in decline. Also, consumer staples like P&G, Coke, or Pepsi will do well even in a recession.
If you are lucky enough to have investment money, you should do quite well if you are able to buy as the prices get low and hold through the entire downturn.
If you are lucky enough to have investment money, you should do quite well if you are able to buy as the prices get low and hold through the entire downturn.
Michigan11
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I am opening an account with them in a month, and have already spoken to my family about them, telling them to check out the site, to get a primer. I am almost done reading his book, crash proof, and am passing it on to others I know as well.
Buy gold and silver, and physically hold on to them or take Euro Pacific's, recommendations on foreign investments, out of the dollar.
I really don't see anyway out of this currency problem we have in this country, except massive inflation..
weatherbill
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with Bush's budget at 3.1 trillion dollar, this is more dilution of the dollar, so move US dollars into better currecnies, like the swiss franc, japanese yen, gold and silver
Rebel Resource
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see my sig, I have one called Profit From The Coming Economic Collapse, written last year I believe
Make sure you invest in commodities that people must use even when the economy is in decline.
I was going to say buy stock in Charmin or Angel Soft but people will probably be better off using U.S. dollars soon
I've just been buying silver here and there. Probably have about $1k worth by now. Golds a little too expensive for me, and I figure I can do just as well, for now at least, just buying silver. I don't know what else to trust...
Silver is a pretty safe bet right now, maybe pick up a couple 1/10th oz gold coins too just to have in case gold takes off and doubles. You can get them for about $110 right now. Just be smart and diversify instead of putting all of your eggs in one basket. Want a little copper too? Go through pennies and pull out all the 1981 and older and save them. They're already worth over 2 cents each so you've already doubled your money on each one you save. If copper hits its stride again they could see 3 cents or more each in the next few years.
I was going to say buy stock in Charmin or Angel Soft but people will probably be better off using U.S. dollars soon
I've just been buying silver here and there. Probably have about $1k worth by now. Golds a little too expensive for me, and I figure I can do just as well, for now at least, just buying silver. I don't know what else to trust...
Silver is a pretty safe bet right now, maybe pick up a couple 1/10th oz gold coins too just to have in case gold takes off and doubles. You can get them for about $110 right now. Just be smart and diversify instead of putting all of your eggs in one basket. Want a little copper too? Go through pennies and pull out all the 1981 and older and save them. They're already worth over 2 cents each so you've already doubled your money on each one you save. If copper hits its stride again they could see 3 cents or more each in the next few years.
youngbuck
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Yea, I was thinking of doing exactly that: Buying two or three 1/10oz gold coins. I also have about 150 pounds of copper in the form of Intel Xeon heatsinks. Not sure how pure they are, but they are heavy and look like copper. I figured the heatsinks from server CPUs (Xeons) are higher copper content than standard CPUs.
Ok, what else now... Let's say I got metals covered. I want to invest in other things, but not stocks because I like the peace of mind of having the tangible asset in my possession. I don't smoke, but cartons of cigarettes? Or just a fat stash of rolling tobacco? People that smoke are gonna really be wanting there nicotine. Same with alcohol. Have a nice stash of liquor on hand for bartering or something. It's kind of a joke people mention, but seriously, various toiletries could be in high demand in a Teotwaki type scenario (though I don't know how wise it is to plan your investments with Teotwaki in mind.)
I think ammo may be one of the best investments that can be made at the moment. I'm really interested in stocking up on reloading supplies.
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