To give you an answer from my perspective I should know much more. Here or through my email address, as you want.
I would avoid financial investments. It includes to put huge money into a bank account, disregarding its interest rate. And any other investment that is not directly associated to commodities or is a commodity itself. It also includes stock markets, CDO, hedge funds, etc. But in the short term commodities are very volatile too. Although in the long term (one year or longer) they will not fall. On the contrary they will rise, but maybe not at the pace that you would need to sustain a family. I do not know. If you can afford it, arable land with good water supply, farmland is the best investment. Large enough, at least, to sustain production for a family. Groceries, etc. Or sort of food processing business if you have such skills. The more basic the better. As you told, this crisis is very very severe. What I can tell you without any doubt is that continental Southeastern Asia (Vietnam, Laos, Malaysia) are excellent bets. Probably Malaysia could be a good choice if religion counts for your choice. Southeastern Asia is probably the area in the world that will lesser feel this crisis. It probably will include some parts of Australia. If you give me some days, one or two weeks, I could study Australia´s economy with some detail to offer more elaborated answer about that country and how much it can suffer this crisis. Peace and best wishes. Xi On 6 mar, 00:31, "Sumerian.." <[email protected]> wrote: > Hi; > I was very astonished to see that some banks became Muslims.. I mean they > give ZERO % interest.. whatever the amount you deposit. > > So the message is : Don't keep your money but spend it.. > > My question, what is better now to have currency in bank or something to > buy..like property.. > > ( Current interest rates my personal info:): > US $ : ZERO > Indian Rupee : 7% > UAE Dirhams: 2% > NZ $: maybe 1% > > In fact I am just explaining my conditions..I am leaving my work following > this recession.. after 28 years of work.. I am getting End of Service Of > Benefits.. If I spend it, it may dry up within 3 years. > > So I need to do something.. But till then.. I am really confused about what > is better: > Money in the bank? or a property? > > I think property.. I am looking for the Gold Coast Australia. It is touristic > area.. Yes.. there is recession, but it will eventually recover.. > > However what SOUROUS ( or I don't know how to spell his name) the millionaire > says nowadays and he repeats his predictions: > > The worst has not yet come. > The worst ever in history > The collapse of USA like Soviet Union is very likely ( which means the dollar > will vanish S1000) > etc..http://www.bloomberg.com/apps/news?pid=20601014&sid=aI1pruXkjr0s > > http://www.discoverthenetworks.org/individualProfile.asp?indid=977 > > > > ======= > S1000+ > ======= --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
