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Opinions on the next boom sector?
Will the resources boom again or will somewhere else shine?
Will the resources boom again or will somewhere else shine?
GOLD - For about the next ten years
Gold is driven by inflation and the global economy is slowing.
Coal to Liquids seems to be building a bit of momentum.
Energy in general will drive the market over the next few years.
Gold is driven by inflation and the global economy is slowing.
BANKS. And I'm serious.
Not today, nothing will boom today. The banks will be the first to boom when the recovery starts.
Why?.. Get hold of some of the old Lands department parish maps. Just look at the names of the owners that are shown on the majority of the land parcels. The names are of the larger banks of the time. This time they will be shown as holding a mortgage which is probably better than having ownership.
Property is the one thing we all need one way or another, more precious than diamonds and pearls. The banks will not lose out in the long term. There will always be a demand for property, the ups and downs in price affect the "custodian" who has the use of it but has very little end effect on the banks that have control over it. If someone gets behind with their mortgage payment their account is still debited with the interest which is compounded with interest on the interest.
Land prices may stagnate for a period but they will rise again. That fact is as certain as death and taxes.
Inflation is caused by printing money and there's going to heaps of that!
In the 30s Gold and gold stocks also were one of the only sectors to significantly increase.
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