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There are similarities with the late 70s early 80's however, there are also fundamental differences especially with the religious and terrorist elements. And you are correct regarding the correction to gold in 1980. However, you realise that the correction was still twice the pre-boom price...

It is a little complicated Glebe. Effectively paper money is supposed to be backed by the worth of a country and traditionally this has been through gold. Unfortunately, a large number of countries have been selling off their treasury holding of gold in an attempt to balance their internal...

Regional currency is a very complicated and contientious issue and I do not know how the process will be played out. My gut feeling is that as an interim position there will be several main regional currencies being the Asian, Middle Eastern, Euro and possibly the US$. Much as the british do...

Actually, to be honest, this is the first time that I have aired my views so publically regarding the ASX, bond markets etc. I hope it works out for you topcropper. Do I get a %:). Cava

Sorry Thefirstbruce, I really can't resonate with the content of the website. There are always those that look on the pessermistic side of every situation and that is not me:). But I also do not look at every situation through rose coloured glasses either. Cava

Sorry to disappoint GG as, believe it or not, I am not that extreme and actually quite conservative:). I just consider my planning as an insurance policy for when things get tough. There is after all, a lot of peace of mind that comes from having no debts on your PPR and all the advantages...

Aceyducey, If we happen to be unfortunate enough to experience another depression, and if I am correct, the next one is going to be bigger than the 1929 event. I doubt that any stock, or asset, is going to be worth too much. To date the world has indeed been keeping the USA afloat, but...

I monitor the international markets several times per week for the last 4? years. 1. The USA market has a greater debt/GDP ratio than the 1929 depression correction. 2. Every major country in the world including China, Germany, Sweden, Russia, France, India etc are reducing their holding of...

Roger, We bought direct with the Perth Mint. No fees, no insurance costs, no hassel and fully backed by the WA government. Personally, I would stay away from stocks as, at the end of the day, it's just paper. But as they say each to their own.:) Cava

I have never liked superannuation because, historically I have never had any control over it. Theoretically the government could change the goal posts at any given moment and your disadvantaged big time. However, about 8 months ago we decided to set up our own self managed superannuation fund...