% | $
Quotes you view appear here for quick access.

Fifth Street Finance Corp. Message Board

  • thewisejman thewisejman Jun 19, 2012 10:35 AM Flag

    Own REAL assets.....

    If you watch these two videos listed in my previous message:

    and go to Jim Rogers' blog and read his 6/18 message:

    "June 18, 2012Commodities: Serious Supply Problems Facing The World
    I own commodities because there are serious supply problems facing the world in commodities. If the world economy gets better, wherever it gets better prices are going to get higher because of the shortages. If the world economy does not get better I would rather own commodities because governments are going to print money. They will print more money, and throughout history when governments have debased currencies, when they have printed money, the way to protect yourself and to make money is to own real assets.

    Related: United States Oil Fund LP (ETF) (NYSE:USO), SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)"

    The only temporary fixes the FED and all other central banks used to solve their fiscal woes will be by printing more paper money. However, in the LT, this simply will not work and will back fire. Just look at China, Germany, Mexico, Argentina....

    Therefore, to possess "real assets" such as real estates, gold, silver, oil, collectibles, goods in order to protect your wealth, otherwise the wealth of those who save will be stolen by those who borrow....It is that SIMPLE....

    Romney cannot and will not solve our problems because all our politicians are only protecting their own welfares or that of the small groups they serve, but not that of the whole country....

    In the LT, in a century the most, if we continue on our current political and economical course, what happened in Greece will be happending in the States......

    There is still time for us to alter the course....but not without suffereing and pain.....


    SortNewest  |  Oldest  |  Most Replied Expand all replies
4.93-0.06(-1.20%)May 31 4:00 PMEDT