""Perhaps skol could tell us if he saw the 2008 crash coming and did he prepare his assets for it""
I certainly did skidoo and have posted it here before. I used to spend a lot of time in London where I would read the FT and Economist. Both these publications warned of an overheated property market and the FT gave plenty of warning about all the shonky debt and CDO's. I sent a msg to my superannuation fund to check whether they owned any of this kind of debt and the answer was 'no', all AAA.
I still changed my super fund from 100% balanced to 50% balanced, 50% cash on 1/4/2007.
Saved me a lot of money, because in the end nothing was spared. After the crash I started picking up a few shares and continued dollar-cost-averaging my mutual funds.
You can stick with gold, I prefer assets that generate income, real companies that do real things.
Sound to me like you're the standard goldbug cranking out the standard goldbug philosophy, in the meantime people that own real assets are creaming it.
Armageddon is not at hand, and the 'very clever' chinese are gonna take a big haircut, most have already, but the fun's only just started.
