Best Finanacial Asset Post PO?

by **dauterman** » Tue 12 Apr 2005, 18:43:44

Hi,

I am just curious what everybody thinks will be the best financial asset post Peak oil. In other words where would you invest your saving for a post PO world?

Just curious, I am about 10 to 15 years from retiring and have a small nest egg to plan with.

by **Tyler_JC** » Tue 12 Apr 2005, 20:12:07

China fixes the Yuan to the dollar. This keeps the Yuan cheap and the trade deficit up. This can't go on forever and eventually China will get rid of this currency fix. The Yuan is about to rise 30%-40% against the US dollar. For the next 5-10 years, the Yuan will be the best bet.

Unless:
1. The USA attack Iran/Saudi Arabia. This would f*ck everything up and make most currencies utterly worthless.
2. China and the USA get into some sort of conflict. China becomes the "evil empire" and US citizens with Yuan would be arrested.
3. Oil peaks tomorrow and declines at 5%+ yearly. This would destroy the global economy and make most currencies utterly worthless.

I say buy silver, gold, land, guns, tools, and useful books. Silver and guns are your best bets. Silver in 1 ounce coins will be the currency of the future and a nice clean shot gun will insure that those coins will stay in your hands.

by **Ebyss** » Tue 12 Apr 2005, 20:19:42

Land. You can't eat silver and gold, but you can get everything you need from land (if you have enough good land). You can earn a living from it if you need to. Even if PO never happened, you'd still be able to be self sufficient (should you want that), or you could sell it if you had to. I've yet to see land outlive its usefulness.