Crazy-Crazy What To Do?

Thanks, Jack. Yes, I do have a plan and also about 30 years of investing experience. You know what they say about experience... it's what you get when you're looking for something else!

Anyway, everyone who wants to succeed at anything needs a plan of some sort to help them figure out just what it is that they are trying to do and whether or not they are actually achieving those goals. Most plans have some measure of success. Areas in the plan that are not working as well as hoped can always be tweaked a bit later on. We do need to be realistic enough to know that even a good plan may not succeed at times. We just need to accept our limitations and go forward as best we can. A major component in success is to remain calm when everyone around you is in full fledged panic mode.

I think moving into some foreign currency is a good move. I too like the Krone and Canadian dollar since I have both. Just a sound part of investing during troubling times.

Most money managers will tell their clients not to put ANY money into stocks that they will be needing in the next 5-10 years. Additionally, they will tell them not to invest money in stocks that they cannot afford to lose. I am referring to the honest money managers out there and there are quite a few of them. There are also some who milk every client for every cent they can get. Caveat Emptor and all that.

As I get older, it is becoming more and more clear that diversification is also becoming more important. For this reason, I am tending away from stocks and more into funds and ETFs. This increases my diversification and helps reduce the impact of a few of the stocks in the fund going belly up as opposed to owning those stocks outright and losing 100% of my investment.

Diversification is the key. However setting some money out of your paycheck is the most important part. I have been saving / investing ever since I had my first part time job as a kid. I have bought silver or gold out of every pay check.

Today I have a pension, 2 - 401ks, gold / silver, and a few other investments. The simple fact is I never made a three number salary in my life but I can tell you putting some money back out of each paycheck adds up when you get older.

I am probably top heavy in PM only because I have been buying since age 16. I doubt my pension will be around in another 14 years. So some day I will probably half to cut the PM side in half.

What I don't have is a lot of cash in the bank. Banks just don't help you make money through a savings account or CD.

PM's have been good to me and they would have to take a hit of over 50% of their current value to put me at a zero gain on the investment. Thus it has done a good job of preserving the original capital.

Money managers are generally good people just remember to ask what their yearly fees are.

Gold is within $30 of platinum. I predicted gold would cross platinum a few days ago in another thread - but I didn't think it would get this close this fast.

Ok see Gold went up $58.30 on the Asian markets over night that put it to a new record $1709.00 so I figure when our markets open it will go up even more today WOW who would ever imagine where will it stop?

Also saw APMEX was out of stock on allot of their gold products last night.

Don't forget the stocks market.
Bargains out there now guys, repeating last quarter of 08.