Posted by Larry NEIL on December 08, 2012 at 15:48:54 from (76.203.16.244):
In Reply to: O/T Investing opinions posted by 55 50 Ron on December 08, 2012 at 11:25:04:
Gold!, Silver or any of the precious metals.
With the impending "fiscal cliff", and the dunder head running (ruining) I think major inflation and recession are inevatible. Quantative easing....printing money with nothing to back it. It has to catch up.
As some have stated here, our hobby of tractor collecting has been moving sidewise for awhile do to the slow economy. But, the very rare tractors, cars, or art are bringing premiums. Why? Because people with money are trying to protect it, So while your JD A, or IH H or Oliver 77 may stay the same or go down some in value, a really rare tractor will hold its value or appreciate.
Don't have $100K plus to invest in art orrare items?, either buy gold or stock in gold mining companys.
Stay far away form CD's,, gov't. bonds and municipal bonds. China won't buy any more US debt, the Fed bought the last round!
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