or is it? When one looks at the stock market, one will see a correction with the dollar rising and that mining stocks are dropping and that ammunition companies, weapons manufacturers etc are slowing down. Traditionally, gold and guns are the stocks and investments when people get scared. When President Obama got elected, both started shooting up because of fears that guns would be outlawed and cash would be replaced with gold or the Yuan.
At this point in time, it doesn’t look like guns are going to be outlawed, at least in the near future, and there is far too much money to be made in weapons and ammunition. Gold isn’t going to be going out of favor soon, however, with the reindexing of the basket of world currencies there may be some problems with it as an investment in the short term.
An interesting effect of the current Depression is that the US dollar is down but in relation to the other world currencies it may be valued accordingly. Part of the support of the dollar comes from the fact that China and other nations have a lot of it so they are slowly trying to get unhooked from it and whether they go to a new gold standard or not is for far greater minds than mind.
It would seem though that for the immediate future that people may want to look at manufacturing of weapons companies (if you are ethically comfortable with it and not adverse to making a profitable investment if the due diligence is there) and gold or precious metals.
The advice given here is worth what you paid for it so please act accordingly and be safe in your research.
That’s it for now, gang. Be safe and sane.
Oct 28 2009
Kim Isaac Greenblatt
Everything Is Gold and Guns Again
Tags: Business