stocks

[TKEblue]

Anybody making a killing today on gold today? My dad has told me hundreds of times to put my money on gold, but I was too lazy move stuff around. In the last week my 401k has went belly up. Fuckin edward jones and dumbass government..

[DonP]

I'm not in gold, but I'm not in the market either. Just waiting for a good buying opportunity.

If I was in gold, I might be selling. It looks like a bubble to me. Buy low, sell high.

[rjohnstone]

I'm not in gold, but I'm not in the market either. Just waiting for a good buying opportunity.

If I was in gold, I might be selling. It looks like a bubble to me. Buy low, sell high.

No bubble on Gold... it's been rising steadily since 2002.
There have been a few "minor" swings in pricing, but the upward trend has been fairly smooth and steady.
Too pricey for me to jump into it now.

My 401k is pretty diverse and seems to be taking the changes in stride.
Most of mine is tied up in long term investments anyway. I'm a good 20+ years away from retiring, so the short term losses are not going to have any major impact.

[Newc]

Pfft. Stocks as the basis for a national economy is no different than basing it on a crooked roulette wheel. Too easy to rig in favor of the house (and in this case, the house is the handful of fatcats who wipe their asses with money).

This minor spike in gold price is a con to get the little guy to sell out. Hang onto it and wait for the dust to settle.

[atomic charvel guy]

Pfft. Stocks as the basis for a national economy is no different than basing it on a crooked roulette wheel. Too easy to rig in favor of the house (and in this case, the house is the handful of fatcats who wipe their asses with money).

This minor spike in gold price is a con to get the little guy to sell out. Hang onto it and wait for the dust to settle.

that's not true when the market first opened, when this country used to build things. you could invest in companies that actually made things, only now in the last 2 decades has it become
a casino. lots of fake money sloshing around down on old wall street now.

[atomic charvel guy]

now we have credit default swaps, triple cashectomy reverse no vaseline bone jobs, etc.
gold though, will always be king, and will always be worth plenty.

[rjohnstone]

now we have credit default swaps, triple cashectomy reverse no vaseline bone jobs, etc.
gold though, will always be king, and will always be worth plenty.

This...
The Donald knows this all too well... remember "Cash is king" and gold is where the cash will always be.

CDO's should be banned. Hell, any traded security with no real asset behind it should be banned.

[Scooter]

I made 14.5% a year on my investments but I got out in 2008 when it started going downhill. I lost a total of 37% of my annuity by thinking of riding it out. When the DOW dropped to 12k I moved everything to bonds and Tbills against the advice of the brokerage firm. When it started coming back and hit 12K again I cashed out permanently against the advice of the firm. Glad I'm out. They can have it.

[DonP]

I'm a good 20+ years away from retiring, so the short term losses are not going to have any major impact.

My biggest fear is looking at the N225. In 1980 did they know the top was 40K and that even 31 years later they'd only have 1/4 of their money? And don't say it can't happen here.

[Twitch]

Mr. P, were too big too fail, remember?

[TKEblue]

My grandmother has actually lost over 30 grand since 08. And my 401k wasn't great. I get 10% of my income matched by my dads company and put in one. I figured, they know what they're doing, its their job and im not sure what its at now but its had between 6-7 thousand put in it and my last statement had me at under 3k. I can only immagine it now. I know that's not big money but losing over 50% isn't a good sign. Lol

What's sad is I check in on sites like infowars and shit all the time and I still leave my money out there. =/

And the key to being in gold is to never sell. gold value will always be high. If the dollar keeps dropping and dropping you wanna have something that's got some worth when your 100 dollar bills are worth 25 bucks. Since we've been downgraded its prob not gonna be good for a while. My big question is how much more are the people going to take before we stand up for a change in the crooked way theyre doing things?

Sorry, I just get very irritated by all the bs. Lol

[Jayster]

the stock markey is completely rigged, alright all you naysayers ~

Early and late trading(just not for you)
PPT(plunge protection team) a government controlled entity that tries to stabilize the market in times of flux
insider trading
margin calls, etc....

And the US dollar is backed only by "your good faith in the government", so yeah - precious metals are as long as they're still desired by others a great way to go. But ya can't eat gold!!!!


and look out for QE3

[TKEblue]

We should fall back to the gold standard. Lol more reliable then the debt to china standard.

[Newc]

All prices of all material goods including gold are controlled by a minority of speculators and shadow organizations. Gold is riding high now to encourage selling but will collapse soon enough.

This will spur panic selloffs so the money masters can snap it up cheaply.

[RacerX]

Dollar Cost Averaging, baby