Profiting from "Mass Hysteria". Forget Gold, Silver, Stocks, Real Estate etc...
FYI- I have been away playing poker and taking some classes. Since the random dropping of accounting standards and the criminal support of a $700 billion check given to GS (via Hank Paulson). I have been investing more in hard assets. Finding hard assets at reasonable or fair prices takes time.
By now Fooldom knows the best wealth protector over the last decade has been. Unlike housing, stocks, gold, silver it keeps climbing up, up (I like gold also) with out a breather AND IT IS NOT A CROWDED TRADE, yet.
I went to the "local stock market" on Saturday. Prices are up 100-300% over the last decade. But problem is NOW there are shortages. I could be more exact YOU CANNOT BUY IT or FIND IT, there is a panic and there has not been a ramp up of production, yet.
AGAIN, DO NOT BELIEVE ME GO CHECK. Unlike, GS, WFC etc where you you cannot fact check. I have NO IDEA what most financials are doing, neither do you. Here is accounting you can confirm easily, which IMHO makes it a more logical choice of wealth protection. If you are planning on fleeing the US, (I think problems will be worse else where) physical gold is the logical choice, if you can get it out of the country.
If you are staying in the US a logical choice of asset class given the Keynesian / Zimbabwe/ banana Republic economics recently presented is...altogether Fools... on the count of three...you know the answer here...it is easy to confirm...1...60 Minutes just broke the story...2..the stocks are climbing also ...3 ALL TOGETHER!
GUNS and AMMO!
PROFITTING FROM MASS Hysteria
Quote me "you will not be able to find ANY ammo in six months"
You cannot find: 380, 9mm, 38 Special, 357MM, 40 Smith and Wesson, 45 ACP, 7.62 now.
Gun nuts, call me out or help me here. Again, I am not a gun expert.
Additionally, you cannot find primer or powder. Most people are buying due to fear of taxes etc.... I am more on the thought process of Jim Rogers and Marc Faber. Yes, it might be taxes now. But you will need a guns/ammo when the "old fashion" cure to Keynesian excess and the population begins civil disobedience begins in earnest. You now have record numbers of employed, disenfranchised men globally. Do you think they are going to sit around and starve with out violence? Or do you think that man will return to his nature of preying on the weak?
Either way, guns and ammo have been the best asset class over the last decade. My guess is they will be the best asset class going forward.
Anyone who makes or sell AMMO is a STONG BUY for the next decade. Unless the law and taxes intervene to slow/stop this investment, which they will.
Disclosure: I am long SWHC. As for guns and ammo purchases, ensure you follow the law and consult the rules in your state and local government. FYI - I saw a guy arrested at the gun show. Not sure what he did, but that is the last thing in the world you want, is to go to jail for gun related activity. Again, gun nuts please help with this post. I am outside of my element on any deeper gun discussions. Thanks you in advance.