Angus 1895
5 year old buck +
Green giant was up 100% today!
I predict the market will go up, or go down, or stay the same!
I predict the market will go up, or go down, or stay the same!
Oil is dirt cheap right now. I've never looked at the gold to oil ratio before, but oil is as cheap as it's ever been vs gold. Gold is horrendously underpriced in relation to the annihilation of the dollar. So I think you've got a massive discount on oil vs other tangibles. But I've been banging this drum for years, and it never comes. I won't give it up though. That's when it happens. So I apologize to anyone else holding oil stocks. I'm not caving.It seems like US oil would be a solid bet for a Trump 4 year term to make some really good $$. Again all predicated on that type of outcome in Nov though.
10% per year would get you around 10X in about 25 years.
I wouldn't wait until 70 to do what Lawrence said.