mmasters wrote:I'm not sure how wise his strategy is in putting 75% in precious metals...once the money system starts going bonkers you can bet the government is going to seize metals and attempt to put some sort of backing on the currency, on a new currency or on oil itself (once peak oil becomes public knowledge). I think it's a bad investment strategy. Funny money is here to stay for the most part. Energy is the place to invest at least for now.
I have 60% of liquid assets in pm's, but warn people that in a dire scenario, everything can change. I am planning to ditch gold for property somewhere around 2500, in spite of all the prognostication of 6,000.00 gold. That will only happen with govt compliance. I don't hold any energy stocks, for ethical reasons. However, energy for the short term is the best place to be. Again, though, all the talk of 200.00 plus oil follows similar rules. At some point rationing kicks in, not by price, but by govt dictate. Prices may be held in check by this mechanism, in a dire scenario.
It's worth noting, though, that whenever oil goes up, the Saudis get richer and the dollars they make, end up in U.S. banks. The U.S. will interfere with gold, before they interfere with oil price, for this reason. So energy, yes...better bet for now.
Chris Martenson is not the magic man with all the best answers. He's brilliant, a great analyst, but blinkered like everybody else. He should not be followed as if he is a guru. He isn't and probably doesn't want people to follow him blindly either. If you contradict the party line on his site, he's okay with it. However, you may get several adherents rushing at you with a "Have you read the Crash Course yet?" And, the heavy emphasis on the 'Doctor' Martenson is trying.
I rarely post on the site anymore. They've lost most of their best posters and it's a bit like watching paint dry reading their forums. I wouldn't read his book. I would read other forums that encourage passionate open and more lively discourse. Then I would pick out the best posters with the most diverse points of view and weigh their points of view against one another. Martenson is one voice among many.