murray t turtle
Registered: Dec 2001
08-06-12 09:35 PM
Quote from billyjoerob:
Inflation ...So what to buy for long term ownership? I'm not saying these should be bought now, but what assets you would buy with an expectation of higher inflation in the next few years.
First, please don't mention gold or commodities. There have been good arguments made gold is essentially a zero-coupon perpetual bond. My guess is as good as yours.
Some other ideas, please contribute your own:
a) residential housing. Right now there is a glut, but that won't last forever. Housing both generates income and is a long term asset (ie land). You at least want to own your own ie lock in this year's rent.
b) companies with pricing power. This includes any sort of brand name, for instance consumer packaged goods companies, especially of necessities.
c) royalty collectors. WYN for instance collects royalties from motels.
g) land. If you can afford not to earn income.
your guess is probably better than mine on [c] royalty collectors Also''IF inflation returns''...surely you jest;
or else you grow you own food & own your own oil well/refinery...LOL
Gold , copper, silver,still looks good;
if one has made some money investing/trading. Buy & hold on gold, well 10%-15% is usually good advice.Not a prediction.
I also like a certain amount of Federal reserve notes[ ]
even though as Larry Bates[bank seller/gold silver dealer ]says- that loanership.
Gold ,silver, land[paid for]-thats ownership, not loanership
Even though Mr JPM /J Dimon called a'' bottom'' in RE/election year;
RE[real estate ] appraisers talking about inventory/iceberg inventory.......JPM should be fined for a conflict of interest;
bear markets/ buyers markets are full of bottoms.JPM should be ashamed of themselves for that self serving election year propaganda.