On Apr 12, 6:03 pm, kujebak <kuje...@[EMAIL PROTECTED]
> wrote:
> On Apr 11, 7:46 pm, "Paul J Kriha" <paul.nospam.kr...@[EMAIL PROTECTED]
>
> wrote:
>
>
>
> > "Stan R" <aus...@[EMAIL PROTECTED]
> wrote in
messagenews:6695p0F2hpcs0U1@[EMAIL PROTECTED]
> > > Frank Bures contributed these words of wisdom on 11/04/08 00:05:
> > > > Stan R wrote:
>
> > [...]
>
> > > > Does Australia have comparably large manufacturing sector?
>
> > > No, it does not. The majority of the the economy is composed of
various
> > > services industries.
>
> > > >>> Anyway, I carry no debts and the majority of my assets is in
precious
> > > >>> metals :-)
>
> > > >> Good strategy for the current environment!
>
> > > > Well, both my kids are in high finance, so the advice is free :-)
>
> > > But it's always good to see that while being free, it's also of
> > > excellent quality!
>
> > Free advice is cheap :-), but the good advice is worth the gold in the
safe.
>
> > pjk
>
> Preciou metals turned out to be one of the worst
> investments in two out of the last three decades.
That may not be the case going forward though. Note that Frank did not
say how long he's had his assets invested in that area! ;-)
> If I were Frank, I wouldn't listen to anyone.
That's a very solid piece of advice, incidentally. At the moment,
nobody has any idea how bad this is all going to get.
> Now is
> the time to take your money and run.
Yeah, but even that's not so easy these days. Do you take your money
in USD or do you switch to something that has fewer characteristics of
a currency under strain? :-)
> I wish some-
> one told me that, ... no, had beaten me over the
> head with that back in 2000 ;-)
What happened in 2000 that was so significant?
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