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The Outsider Club: Collapse Courtesy of the Fed
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
wealthwire.com / By Nick Hodge / Wednesday, April 3rd, 2013
I know you don’t want to buy stocks right now. I don’t, either.
Despite the Dow heading pretty much straight up since the new year began, all the investors I talk to say they want no part of stocks.
A CNBC poll last week showed stocks are actually third on the list when it comes to the current investment preferences of Americans. Stocks (21%) lost out to gold (35%) and real estate (27%).
And it’s not hard to understand why…
For starters, investors are still feeling burned from the Great Recession. On top of that, most people don’t have a lot of money to invest: New data shows 57% of American households have less than $25,000 in savings.
In my opinion, the only investors buying equities right now are banks. And that’s because they’ve been getting $85 billion per month in free money from the Fed.
Investors like us don’t get free capital to play with. If we did, maybe we’d be interested in buying stocks.
But with free capital tight for a lot of folks — and everyday expenses rising — I must say I find it prudent to use this time of artificial market euphoria to take a good hard look at your entire financial scenario and the necessary steps to get your house in order.
Thanks to BrotherJohnF
2013-04-03 18:33:21
Source: http://silveristhenew.com/2013/04/03/the-outsider-club-collapse-courtesy-of-the-fed/
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