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PeakOil is You

PeakOil is You

What To Buy Now?

What's on your mind?
General interest discussions, not necessarily related to depletion.

What To Buy Now?

Unread postby mattduke » Sat 05 Mar 2011, 12:29:04

Precious metals have increased in price a lot recently. Oil, food, and coal have done well. Nuclear hasn't been doing as well. Renewable energy has been pathetic (uneconomic). Where are you putting new savings?
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Re: What To Buy Now?

Unread postby vision-master » Sat 05 Mar 2011, 12:34:47

Medical and Dental bills. :(
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Re: What To Buy Now?

Unread postby Oakley » Sat 05 Mar 2011, 12:49:23

Inverse bond funds. Examples are PST and TBT.

When interest rates increase bond values decrease. Inverse bond funds have sold long US government bonds short and used the proceeds to buy T-bills. They make money when interest rates increase fast enough to overcome their built in cost of making the interest payments on the long bonds they have sold short.

The current yield on 10 year Treasuries is 3.492%. My view is that this rate will be 8% in August, 2013 which could cause inverse bond funds to almost triple in value. I personally will sell these funds then.
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Re: What To Buy Now?

Unread postby mattduke » Sat 05 Mar 2011, 12:59:35

I bought TBT during the October final bond mania preceding QE2. I don't think I will hold as long as you suggest because the expenses are sky high.
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Re: What To Buy Now?

Unread postby careinke » Sat 05 Mar 2011, 14:18:40

Quality garden tools.
Cliff (Start a rEVOLution, grow a garden)
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