Urban Survival Secrets

Your investments – financial survival

Disclaimer: This is my opinion only. I am not an investment advisor, nor play one on TV. You need to invest according to your strategy and with help of a financial professional, etc. This is for entertainment purposes only.

With that off my chest.

What are you planning to do with what’s left of your 401k/IRA/SEP/etc.? With all of the confidence that the Obama administration is giving to our creditors, pushing our bond rating from AAA to AA or worse, time to look at the market and possibly make some adjustments.

I was listening to a financial pro on the radio today, who has a pretty damn good record on his investments. He was stating that the end of a pretty good run is coming to an end, based on the technical indicators.

What to do, what to do. I personally am looking at silver. It is way undervalued in relation to gold and other metals. Heck I am even thinking copper is looking good as well. LME Grade 1 is going for about $2.80 a pound.

Why am I thinking this? Well, the dollar is set to take another dump in the near future I believe. The Chinese are making demands on the banks – how much reserves, etc. Coupled with that, I spoke with a friend who is in the mining arena, who just got back from an overseas trip to Asia. Even the Chinese are purchasing hard assets and holding them.

If copper goes below $2.75 a pound, That is when I will be buying more. Silver – I have a strike price of $12 an ounce. Where did I get those numbers? I have been watching. Both metals are going down, and both are industrial metals. It is now time to sit and watch.

The reason I purchase these two are that both are easy to buy and store. Both are not likely to be stolen, like gold, and both are cheaper in relation.

Lets face facts, Gold hovering around $1000/ounce is not attractive to purchase. I do not trust gold certificates, so I only buy the tangible asset. Lastly, Gold is sliding more than the others.

So, take time and invest wisely.

cw

p.s. I have worked in the mining industry for the last 18 years. With family in it for the past 150 years, I have a little more knowledge of the industry than most.