Thread: Gold Buying
View Single Post
  #214  
Old 19.10.2010, 23:36
marton's Avatar
marton marton is online now
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 8,794
Groaned at 374 Times in 324 Posts
Thanked 14,885 Times in 8,142 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Exactly!

But lets have some ideas of safe investments then because I cannot think of any. Most that one would look at are in US Dollars and that is the problem as that is likely to continue to fall because:
(1) Only solution to slow down imports from China
(2) More economic bad news to come out of that place
(3) Most likely QE2

So once you eliminate investing in anything in US Dollars; what is there left.
Possibly shares in food producers (we all need to eat) and in CHF - Nestle ??
Problem with Nestle is that they are world wide so they are impacted by currency changes as much as anybody else. Having said that their shares seem to have recovered welll
I sold out in March because I thought they would fall like all the others but they have been pretty flat since. Not sure what the possible upside is - if they stay flat you might just as well keep your money risk free in the post office.

As somebody said land is a good investment but in Switzerland you have to be careful because of the savage capital gains taxes on houses.
Reply With Quote