Suncor will make money even if oil falls another 50%. It will make obscene amounts of money if oil rises, which it eventually will. Alternative ener…more
Suncor will make money even if oil falls another 50%. It will make obscene amounts of money if oil rises, which it eventually will. Alternative energy will not replace oil just yet.
Banks will eventually make tons of money relative to now. Buffet has bet on BAC, and I feel comfortable being in his company - especially knowing I am paying much less than he did!
Even though the US currency may continue to hold up, and even strengthen, all currencies will fall in relation to gold and silver, as countries race to devalue their currencies against others in order to increase exports. After the current deflation, there will be inlflation, which will also be good for precious metals.
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