Gunboards Forums banner
1 - 4 of 4 Posts

· Registered
Joined
·
1,169 Posts
I was at...

...a GSA auto auction yesterday (govt' auction). There were a lot of guys from India and Africa there who were bidding way over blue book on any compact truck there. From talking to a few I got the impression they just wanted to get rid of their dollars and get trucks to ship back home. I thought they were paying way too much and they thought they were stealing them! The Europeans have been doing that for years with high class american cars.
...A shrinking dollar is bad if you are buying from overseas, everything will cost more, but great if you are selling overseas, you get to charge more.
...Other than that I try not to predict the future too much, right now Iraq and the mortage problem is hurting the dollar, and the pound next. Anybody remember when Gordon Brown sold off half of Englands gold reserves in year 2001 at around 265 dollars an ounce? It's now at 740 dollars an ounce.
...End of speech.
 

· Registered
Joined
·
1,169 Posts
I don't think...

...the stock market will collapse. Things kind of steadied out last Friday and if the dollar does continue to drop in value it's more than likely that investors will put money INTO the market rather than keep it in cash. Nobody wants cash when the currency is falling, esp. while certain stocks are rising.
...What everybody is afraid of is the housing market falling and they wind up owing more than their home is worth, hence they can't sell and it's even worse if they can't make the payments which on many adjustable loans are set to rise.

...With ammo the point above by SlimTim is well taken. There just are not that many countries that can buy old military ammo anymore except some third world ones whose currency is on far more shakey grounds than ours! Around the world .308, .223, and 7.62X39 and 54r are in demand. 5.45X39 is still cheap because it's an internal Russian caliber and outside of Russia it's not in use by anybody, hence low demand coupled with high surplus stocks as the former Soviet states are switching to .223(5.56mm nato).
 

· Registered
Joined
·
1,169 Posts
You quoted me as saying "the stock market will collapse", I hope you saw my header that said "I don't think..........(then)...... the stock market will collapse." Bad stocks will fail and good stocks will prosper, but the market is not going to collapse, if anything with inflation and nowhere else to put one's money it most likely will go up.

Dafur and it's warloards are getting their ammo from China, who also has a few troops there and is a main trader with Sudan. This is because China is the main buyer of Oil from the Sudan.
 

· Registered
Joined
·
1,169 Posts
True on stocks as a betting thing, I don't own real gold but I do own Gold stocks (and some oil service stocks) which are doing quite well right now. Selling real gold is like selling ammo, it may have gone up in price but its a lot of work moving it, esp. the ammo!
 
1 - 4 of 4 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top