by Jellric » Wed 12 Apr 2006, 02:54:20
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')A sinking tide lowers all boats.
I tend to agree. But in times past some people did manage to preserve their wealth and then snapped up means of production post-crash at bargain basement prices. When the economy recovered any losses they sustained were more than made up for with the newly found capital.
This time may be different as many of those businesses are dependant upon machinery made to run on petroleum products. Also there is the possibility that there there won't be any civilization to return to.
Having said that, I am putting most of my investment money in silver and gold mining stocks (in that order), uranium stocks, alternative energy and rail stocks. I am also going to try to keep at least one quarter of my money in the form of gold and silver American Eagles.