tag:blogger.com,1999:blog-10063302430241797.post8962260994925095074..comments2023-03-04T03:37:27.377-08:00Comments on Terry Burnham: Chicken Little Buys US stocksTerry Burnhamhttp://www.blogger.com/profile/05446522317509663222noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10063302430241797.post-55054509708078090902016-07-27T11:16:57.947-07:002016-07-27T11:16:57.947-07:00Hi Brent,
thank you for your comment. If I unders...Hi Brent,<br /><br />thank you for your comment. If I understand your question, it is where does an investor hide if they do not care about current income. <br /><br />I think the obvious answer is gold. Gold will survive as a store of value regardless of how much money the Central Banks print. <br /><br />If you look at my own investment positions, however, you will see zero pennies invested in gold: http://goo.gl/enn9o5<br /><br />Why no gold? Because I think that gold prices can still go down a lot. To be concrete, I think it is likely that gold will go below $1,000 before it goes above $2,000. I think it could go a lot lower.<br /><br />For me, I am in cash and Treasuries now. I can foresee a time when I move to gold (and I intend to keep reporting my positions).<br /><br />For others, possibly including you, gold could be a good choice now. I could be wrong about gold prices. Even if I am right, you may be able to hold through a decline. <br /><br />Terry Burnhamhttps://www.blogger.com/profile/05446522317509663222noreply@blogger.comtag:blogger.com,1999:blog-10063302430241797.post-70765597142821775672016-07-27T06:30:31.203-07:002016-07-27T06:30:31.203-07:00Dr. Burnham
Thank you for your past posts and art...Dr. Burnham <br />Thank you for your past posts and articles.<br />They have accurately reflected that savers are being injured by current monetary policy. <br />You have further gone so far as to convey that you have withdrawn monies you have held in financial institutions, even those insured by the FDIC, given the actual insolvency of such entities in the event of financial collapse. You have also indicated in past replies that capital controls are a blunt instrument readily available in the event of such collapse.<br />Many, if not all, of your posts concern themselves with "investing" as a means of preservation of capital as well as increased profit opportunities, however I believe that a good number of your writings miss a major point of interest of readership, which is:<br />I am a saver. I have saved, over the years, a substantial sum. Such amount, at formerly regulated passbook rates, would have yielded annual multiples of the income of the average american wage earner. I am now being rewarded for such efforts by being unable to compete with inflation irrespective of the size of my nest egg. In addition you have now also suggested it likely that capital controls are a real possibility in the event of monetary policy failure. The inquiry that I have , and that I fail to see any real response from you, is if one is not interested in "profit" and only interested in not "losing" such nest egg, in this world of fiat currency what does one do. Thanks you in advance for your response. blankhttps://www.blogger.com/profile/00465127662206768701noreply@blogger.com