investing

Oil and gold surge, greenback loses punch

*sigh*

Before expounding upon the current dollar bubble, let me wax philosophical on herds of monkeys...

When will people evolve? Biologists classify us as monkeys, and we are monkey-like, but you'd think we would have evolved beyond "Monkey see, monkey do," by now, especially where money and investments are concerned.

Bubbles are caused by herd-like behavior, and apparently monkeys move in herds. Everybody buys tulips, tech stocks, houses, or whatever, and the prices of those things skyrocket until people look down and get scared (or see the opportunity to take profits), shortly after which point a mad rush for the exits ensues. At that point, the bubble pops. Read it all

People ask me all the time, "Charlie,

do good investments exist in this time of economic collapse?"

The most honest answer might be, "Guns and ammo," but that's not usually what they want to hear. There are actually a few decent equities out there -- and equities are the only investment vehicle that makes any sense whatsoever right now since real assets (equipment, real estate, patents, logistical systems) underlie them. When you buy stock, you're buying a stake in the company. If the company survives -- it doesn't even have to thrive in this environment -- it it outlasts the bad times, you'll do OK. That's the basic premise.

As I have been so incredibly prescient in my financial and economic predictions, it would be ethically repugnant for me to withhold advice on the long-term opportunities that will soon be available in our glorious free markets. Bear in mind that I am not a certified expert of any kind, just a dude who is more often than not (by no means always) right. If you take this advice and lose money, it's on you; do your own research. The following is just one opinion. Read it all

...shit out of them! I'm calling my broker and fully leveraging my margin account today. If I'm right, I make gobs of worthless money. If I'm wrong, I go bankrupt.

Ain't capitalism grand? Read it all