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Reply to "Investment advice for these troubled times!"

quote:
Originally posted by 72red:
Don't invest in the market. The value of my Pantera has held up much better. I am pulling all my retirement savings out of the market and investing in big brakes and a new crate motor along with a full leather interior and all carbon-fiber body.

Actualy, that is a good idea. Only not just yet. First we will experience dissinflation, which will mean the value of the dollar will tempararoly increase. This is because everyone will be out of a job and won't be able to buy anything so prices will come down drasticaly. This is a time to hold on to cash. Next, once employment starts coming back, inflation will take off like it never has before because there is still a lot of dollars out there that are not backed by anything. Once that happens, buy all the Panteras you can. They will shoot through the roof on dollar value. I imagine when all is said and done million dollar Panteras will not be uncommon. Of course filling them with $100 dollar a gallon gas may be problematic.
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