"Stan R" <aus086@[EMAIL PROTECTED]
> wrote in message
news:8db8cc64-c396-4ba9-815d-ca1aa1fcdfc5@[EMAIL PROTECTED]
> 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.
I don't think it's a good advice or any advice at all.
What it literally tells Frank to do is that he shouldn't listen to
kujebak's advice, not to listen to anybody, either.
> > 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?
IT bubble?
Good grief, kujebak, you invested in that?
pjk
|
