Buy Gold and Indian Stocks

Not much action in the markets yesterday…but we don’t have any time to reckon with it anyway.

Gold plunged all the way down to $806. Now analysts are starting to talk about oil below $100 and gold below $750.

Meanwhile, Goldman Sacks predicts that oil will go all the way back to $149 before the end of the year.

Go figure.

We don’t know. The markets can do what they want, as far as we’re concerned.

But what if you have money you have to do something with it. What do you do?

Avoid U.S. stocks. The U.S. market is in relative decline. And it’s just going to get worse from here…

Avoid U.S. bonds and the U.S. dollar too – they’re both too dangerous. Besides there’s no margin of safety. If everything goes right, you won’t earn very much. If it goes wrong, you’ll be wiped out.

Buy gold. We don’t know what direction it is going, but it isn’t going away. And if the world’s monetary system is troubled – either by inflation or deflation – gold will be good protection. Consider it an insurance policy. You pay for fire insurance on your house. If your house doesn’t burn down you still don’t regret having paid for fire insurance. If everything goes right in the world economy, gold will probably go down further. But if anything goes wrong – and our guess is that something will go wrong – you’ll be happy to have some Krugerrands in your pocket.

And buy Indian stocks. (More about this tomorrow…now, we’ve got to get back to our conference…)

Bill Bonner
for Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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1 Comment on "Buy Gold and Indian Stocks"

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Karl Stevens


I read your writings everday. Brutally honest stuff.

I would appreciate it if you could point me to a website that discusses the processes of how to buy Indian stocks.


Karl Stevens

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