If possible build up a supply of cash
Bear
Posts: 18,953 ✭✭✭
1. The stock market will drop lower, cash will be needed
to buy in when the DOW goes under 5000.If you own stocks, hold
on to them as much of the damage has been done and you do not want to miss
the recovery. As to purchasing new stock, wait a bit longer.
2. PMs are being manipulated, however, if you believe inflation will
follow any deflation, then money will be needed to buy PMs.If you
own PMs, hold on to them tightly.
3. Rare coins may be in for a drop in values, however, they may well
be in the lead with any recovery. One will need cash to buy in and benefit.
If you own nice coins, hold on to them tightly.In the long run, only higher prices
will be in the cards.
4. In general, there will be no recovery beginning untill 2010. Start
saving your money now.
to buy in when the DOW goes under 5000.If you own stocks, hold
on to them as much of the damage has been done and you do not want to miss
the recovery. As to purchasing new stock, wait a bit longer.
2. PMs are being manipulated, however, if you believe inflation will
follow any deflation, then money will be needed to buy PMs.If you
own PMs, hold on to them tightly.
3. Rare coins may be in for a drop in values, however, they may well
be in the lead with any recovery. One will need cash to buy in and benefit.
If you own nice coins, hold on to them tightly.In the long run, only higher prices
will be in the cards.
4. In general, there will be no recovery beginning untill 2010. Start
saving your money now.
There once was a place called
Camelot
Camelot
0
Comments
i'm afraid i'll have to substitute silver for this year.
<< <i>Gold, Frankincense and Myrrh are a safe bet. >>
And Honey.
The time to buy Silver and Gold is now.
<< <i>No one manipulates the PM market.
The time to buy Silver and Gold is now. >>
You are correct. The manipulation is with the dollar. Many people take advantage of the manipulation of the dollar because it's often directly correlative to PM prices.
that lack actual PMs. It is only a matter of time.
The various Federal Reserves of the world plus the
10 mega banks, play the market like a giant piggy bank.
Camelot
to buy in when the DOW goes under 5000.If you own stocks, hold
on to them as much of the damage has been done and you do not want to miss
the recovery.
If I believed that a 40% decline in equities was likely, I certainly wouldn't choose to "ride it out".
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
You are correct. The manipulation is with the dollar.
These days, everything is up for manipulation. It's like what God would do if He had money.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i><< No one manipulates the PM market. >>
You are correct. The manipulation is with the dollar.
These days, everything is up for manipulation. It's like what God would do if He had money. >>
You are not correct. Hedge funds, Central banks and mega banks buy and sell huge amounts of
gold, short gold, trade gold and use the sale of paper gold unsupported by actual gold to drive
the price down in order to cover their short sales. If this is not manipulation, then I will go back
and hibernate.
Government manipulate peoples emotions, reasoning, hopes, dreams and lives in general. I used to
believe 100% of what my Government said when I was a child. Today, knowing what I know and what
I have seen, I believe the reverse of 80% of Government speak and the remaining 20% is suspect.
Camelot
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
In some ways the average American's spending habits will go fine with inflation, where many people would have to adjust is being able to identify actual neccessities and staple items versus goods and services that are discretionary. Many people have trouble differating between needs and wants.
money into something of true value. However
if we are in for a period of deflation first, money
will be hard, if not impossible, to come by. One must
always prepare for all eventualities, in order to survive.
Camelot
Assuming you'll live forever. Otherwise, it's OK to play the odds.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>build up cash so some democrat governor can tax you to death...or rob you. >>
Oh, PLEEEeease! Have you paid any attention at all to the havoc wrought by the last eight years of Republican administration--or the boon years of the Clinton Administration? An ability to survive depends on an ability to learn from REAL events around us, not some blindly-held belief system passed on from others.
<< <i>
<< <i>build up cash so some democrat governor can tax you to death...or rob you. >>
Oh, PLEEEeease! Have you paid any attention at all to the havoc wrought by the last eight years of Republican administration--or the boon years of the Clinton Administration? An ability to survive depends on an ability to learn from REAL events around us, not some blindly-held belief system passed on from others. >>
do you live in NY ? stop whining about Bush....he didnt ruin NY, the liberals did. 88 new taxes....DEMOCRAT!
or borrow the money and run the printing presses
around the clock. Both methods will eventually
bring any Nation to ruination. It is the truly foolish
person, that can not see the same ending to both
methods.
Camelot
<< <i>There is really very little difference whether you tax
or borrow the money and run the printing presses
around the clock. Both methods will eventually
bring any Nation to ruination. It is the truly foolish
person, that can not see the same ending to both
methods. >>
And that ignorance has reached epidemic proportions here.
You say it much in a much more polite way than how I say it Mr Bear
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I suppose this is true if you feel that having 2 huge silver shorts controlling the majority of the silver market futures pricing is "free trade." And that the Central Banks selling/leasing out 10,000-15,000 tons of gold over the past 10-15 years at essentially 0-1% interest rates was an altruistic gesture to rid themselves of a barbarous relic. With several major banks now gone it's now basically down to 2 major players in the gold market to set the rules and protocols (ie JPM and GS).
roadrunner
<< <i>1. The stock market will drop lower, cash will be needed
to buy in when the DOW goes under 5000.If you own stocks, hold
on to them as much of the damage has been done and you do not want to miss
the recovery. As to purchasing new stock, wait a bit longer.
2. PMs are being manipulated, however, if you believe inflation will
follow any deflation, then money will be needed to buy PMs.If you
own PMs, hold on to them tightly.
3. Rare coins may be in for a drop in values, however, they may well
be in the lead with any recovery. One will need cash to buy in and benefit.
If you own nice coins, hold on to them tightly.In the long run, only higher prices
will be in the cards.
4. In general, there will be no recovery beginning untill 2010. Start
saving your money now. >>
Bear, I totally agree with you, except one point you neglected to mention.
Don't keep your cash in US dollars!!
It will prove to be better then any other form
of cash. Thus while things are bad over here,
they are ,or will be , worse over there.
Camelot
It will prove to be better then any other form
of cash.
ABSOLUTELY! 120%.
If the BUCK sinks, it sinks last.