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TheUtopian -> RE: Japan, dollar could go down 40%, advice? (12/24/2008 9:30:43 PM)
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quote:
ORIGINAL: pahunkboy
Japan should write off its Treasury holdings, credit analyst says Submitted by cpowell on 08:09AM ET Wednesday, December 24, 2008. Section: Daily Dispatches Japan Should Scrap U.S. Debt as Dollar May Plummet, Mikuni Says By Stanley White and Shigeki Nozawa
Bloomberg News
Wednesday, December 24, 2008 http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFgHlh.Dn4Lc TOKYO -- Japan should write off its holdings of Treasuries because the U.S. government will struggle to finance increasing debt levels needed to dig the economy out of recession, said Akio Mikuni, president of credit ratings agency Mikuni & Co. The dollar may lose as much as 40 percent of its value to 50 yen or 60 yen from the current spot rate of 90.40 today in Tokyo unless Japan takes "drastic measures" to help bail out the U.S. economy, Mikuni said. Treasury yields, which are near record lows, may fall further without debt relief, making it difficult for the U.S. to borrow elsewhere, Mikuni said.
---------------------------------------------------------------------------------that is a profound statement. ! Japan owns a whole lot of these. I had an order in to on an exchange to trade some 40% for a high content silver. No. I canceled. A crash will mean that silver simply can not be priced.
My brother asks me what I think then he does not want the answer. I got out of my mind the idea of a trip there. It is just as well, the car wont start. So I wont get too far. I hate broken stuff! I layed down to get the run down" out of my body.
Im all grubby. To go out, I have to hook up the battery in the truck. It is very wet outside. Yikes.
So everything you touch, 40 cents on the dollar less, or put another way, 40% MORE.
I am so very upset that our world is going to collapse in a few years. I want to get in my brother face until he shoots me.
For every bit as tight as I am he is just as tight. He put some money in T-bills. I can see it now. Sorry bub. That $100 widget is now $140. We only have a fushia pink one left, it needs shipped from San Jose, we can have it in only 6 weeks, assuming the roads go thru. That will be 30 peices of silver. Cash? OMG, your Joking? SECURITY REMOVE THIS TERRORIST CODE BLUE CODE BLUE!
[Mod Note: image removed]
Pahunk -
I'm not sure why keep concocting all these threads seeking investment advice? I know you know in your heart what you should do. Don't keep secomd guessing yourself from the likes of non-investor opinions....
Quick story - My father practiced securities law with a specialty in M/A 's and LBO's for over twenty years. As he admitted to me the other day, less than seven percent of his net worth was gained through London / New York. { That speaks volumes to me }
The bulk of the ninety three percent was gained through multi-family housing units{apartments} and ''downtown type'' commercial real-estate {office space for professionals}
The remainder of that accumulated net worth was gained through various forms of high quality, highly-provenanced Art, antiquities, numismatic coins, and collectibles....
You've highlighted Bob Chapman's newsletter on this part of the boards at least three times....Do think there's any chance in hell that a poster here from collarme is even one tenth as sharp as Chapman when comes precious metals and market manipulation? I'll answer that for ya - Nada!
If it makes you feel any better..... I sold a rental home back in mid 2007 and carried the note with 70k down - I then took that 70k, and over a four month period invested every penny of it in numismatic silver coins and about fifteen percent bullion/junk{Didn't purchase any gold}. I paid between seven and fourteen-dollars an ounce.....and to this day, I still have three ads in three different newspapers advertising that I buy both junk silver and old coins{as well as a few other antiquities}
The ceiling with regard to silver for investors - is absolutely fucking huge.... And like I said in three older threads - Silver is going to pop twenty-five bones and gold is gonna pop fifteen-hundred, in the not to distant future. Then you and I will gloat like hell and laugh at all the naysayers here - Bet
The Ranger's investment strategy for tough economic times :
1} Multi-family housing units - Owner managed. Start with 4 to 8 plex units and work your way up to bigger units. If need be - Pool your money with trusted friends and family and form an LLC.
2} Gold and Silver numismatic rare coins.
3} High quality, highly-provenanced art, antiquities and collectibles - This could be anything from a rare violin from 1700's to a highly stylized, non-utilitarian ceramic vessel from the Moche' period in Peru.
- R
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