I first posted this on February 18, 2008 – more than two years ago… before the election. As I was reading through it, it occurred to me… I wasn’t far off base. Some of the links no longer lead to the page intended, but it’s worth a second look – and perhaps a second thought.
Posts Tagged ‘Inflation’
Who are the Debt Buyers beating that lets them beat the S&P?
Sunday, November 6th, 2005
If you remembered my October 17 entry, I mentioned the price in gold and how I expected it to rise. Quiet whispers using the “I” word (“inflation”…shhhh!) will also mention that precious metal that tends to fare better when the dollar value goes down.
With that in mind, one might expect to hear stock tips on gold mining companies, or gold and other precious metal ETFs. One might want to check out sites that discuss gold investing, such as www.kitco.com or www.financialsense.com. However, with a bit of shock and awe (and not a good “awe” I might add), I learned that in this peculiar economy where credit card defaults are at an all-time high, the stocks investors are taking a second look at are those of (gulp) debt collection companies.
For real.