How To Profit From A 1987 Type Crash
by John S.
This month marks the 20th anniversary of the October 1987 share market crash. While the anniversary itself has the potential to create jitters, the current situation in share markets is very different to that before the 1987 crash.
Share price gains and valuations have been far more reasonable this time around. While shares are at risk of a correction, there is no reason to expect a big slump and our view remains that the trend will remain up.
With the current crisis alot people have either :-
1) Completely turned their back on the situation.
2) Accepted the fact that it cant get any worse.
I hate the to be the bearer for bad news but it will get worse. Infact the whole situation is about to go into a whole new warp speed of worse.
The thing to do is accept that and do the following.
1) Stay liquid – have enough cash to survive a few months.
2) Buy gold and silver to hedge against inflation.
3) Join smaller groups and communities and build on strengths that you already have.
4) Try to pay of debts and loans that you have that are outstanding. As inflation increases you will be forced to pay higher interest on your loans.
5) If your currency is weakening, you are much better and safer to move it to an sound one, like some of the Asia or European currencies. i.e. Euro, Swiss franc.
6) Stock Up on food and water supplies incase food and shopping malls are rationed with supplies. Buy food now while it is cheaper and before inflation send food prices skyrocketing.
About the Author
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