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Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
Should I have 65% of my net worth in PMs?? It wasn't the plan. In 2005 I moved 15% of my retirement and about 40% of my cash into mostly silver( under $7). That was about 15% of my worth at the time. Now my house equity is hovering at zero(down almost 200K), my company ESOP has gone from 30 bucks a share to 4 bucks a… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
cohodk your replys have changed over the years. I just pray this will blow over but man it's hard to see how this isn't going to be at least a "Great Depression" since everything is bad including our savings as a nation and the world. I've never been a "gloom and doomer" but I've tried to protect myself the best I could. I… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
On the theory side of the equation... Maybe we have missed the transition from our parents way of things to modern day finances and money management. Look at the issue of savings. Savings are low because of a new level of demand on the middle class (our primary saving group) to fund their endeavors. Childrens programs at… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
<< <i>It seems that where ever there are concentrations of money such as 401 K's, IRA's, fund accounts, social security, that there are an equal movement by government and financial institutions to get control of that money or use it as a source of fees and taxes (sort of like making money on your money). Look at the… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
Ya know, I was just thinkin' and reflecting on the phenomenon of governmental or corporate entities (in particular, financial institutions) trying to glomb on to piles of money, where ever it is. For example, social security fund...robbed long ago so the governmental entities got that money. Fund accounts held at large… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
Good comments, Deepcoin. This is a very timely discussion. It seems like selective real estate is a very nice place to park for 5 years. Also, balanced portfolio with metal, stocks, cash/cash instruments, and real estate (sure, a few nice coins too) is a place where anyone could be safe and fairly well insulated from the… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
<< <i>cohodk your replys have changed over the years. I just pray this will blow over but man it's hard to see how this isn't going to be at least a "Great Depression" since everything is bad including our savings as a nation and the world. I've never been a "gloom and doomer" but I've tried to protect myself the best I… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
<< <i>Ya know, I was just thinkin' and reflecting on the phenomenon of governmental or corporate entities (in particular, financial institutions) trying to glomb on to piles of money, where ever it is. For example, social security fund...robbed long ago so the governmental entities got that money. Fund accounts held at… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
Not a political post...just geography and tech. The currently empowered were elected by the urban centers. If you look at a red/blue county map of the US, you will see very little blue except at the urban centers regardless of geographical location. The blues, at the high level, were elected by urban voters, by… -
Re: GOLD AND SILVER WORLD NEWS, ECONOMIC PREDICTIONS
ttown, I will not even pretend to know. However, I will say that prices go up when there are more buyers than sellers and visa versa. It really is that simple. Now what makes more buyers or more sellers is much more complicated. But if you look at everything as a conspiracy, and I am not saying YOU, but people in general,…
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