UGGH!! The Gob'ment Is Taking My Savings Lil By Lil.....

[HK11]

That Tea Party is a funny thing. Bush spends money like a drunken sailor for 8 years, and nobody utters a peep. Four days after a Black man gets into the White House this Tea Party pops up and starts railing against the "government".

Libertarians were railing on Bush too, it just that now it has been picked up on by way more people and the media. I don't think it is because a black guy is in the white house (maybe for some folks), but because people are beginning to see the things the "crackpots" were talking about coming to light.

Go back and look at Ron Paul's stance on spending during the Bush years.

EDIT: I am not a Tea Party guy. It was sorta cool for a little while until it was taken over.

[devilock76]

If it hits the fan, I mean really hits the fan, the only currency that will matter will be two things, medical supplies (combined with medical knowledge of course), and ammo (combined with the firearm of course).

Ken

[Premium Parrots]

If it hits the fan, I mean really hits the fan, the only currency that will matter will be two things, medical supplies (combined with medical knowledge of course), and ammo (combined with the firearm of course).

Ken

that is so true. thats the first thing everyone should invest in.

I did that years ago.

[sgreger1]

Gold is still going to go up for a while but I reall caution anyone from buying too much of it. It's value is driven by the panic everyone is feeling and fi the world doens't end and things stabilize in the next 10 years than everyone will be less worried about disaster and more worried about having cash on hand, so once things get a little better people will feel comfortable and sell of ftheir gold so they can go buy some new TV's and shit and we will see the price of gold drop sharply as the demand slowly dwindles. I heavily suggest not putting all your chips into gold, unless you are utterly convinced that the world will look like Fallout 3 in the next 10 years.

But if you play it right you could probably make some money over the next few years. It's not going to tripple again, but it'll earn you more than most investment vehicles right now.

[ABW]

If it hits the fan, I mean really hits the fan, the only currency that will matter will be two things, medical supplies (combined with medical knowledge of course), and ammo (combined with the firearm of course).

Ken

Done and Done...Done and Done

[RobsanX]

Libertarians were railing on Bush too, it just that now it has been picked up on by way more people and the media. I don't think it is because a black guy is in the white house (maybe for some folks), but because people are beginning to see the things the "crackpots" were talking about coming to light.

Go back and look at Ron Paul's stance on spending during the Bush years.

EDIT: I am not a Tea Party guy. It was sorta cool for a little while until it was taken over.

I don't think it's straight up neonazi like racism. It's just the major shift in overall attitude of our population that allowed for a young black man to become president. I think that really messed with some people's perspective of what they thought life in the US is about, and they are having trouble coping with it.

[Premium Parrots]

sgreager is right. DON"T put all your eggs in one basket. And, like the stock market [but not nearly as risky] don't invest unless you are prepared to lose it.

After this current rush gold should level out and stay somewhere between 1700 and 1800 an oz. but it will always slowly go up. Silver is so far behind gold now its almost a better investment.

I was going to invest in precious metals anyway. Too bad I didn't act sooner. But thats the way it always is. I wish I woulda, I wish I woulda.
In two weeks I certainly don't expect gold to be any lower than it is today. Then it will be a slow gain as time goes on. Its not like stocks that can go flat and then you have to wait years for them to return to what they once were.

[whalen]

PLata Y Plomo !

[sgreger1]

sgreager is right. DON"T put all your eggs in one basket. And, like the stock market [but not nearly as risky] don't invest unless you are prepared to lose it.

After this current rush gold should level out and stay somewhere between 1700 and 1800 an oz. but it will always slowly go up. Silver is so far behind gold now its almost a better investment.

I was going to invest in precious metals anyway. Too bad I didn't act sooner. But thats the way it always is. I wish I woulda, I wish I woulda.
In two weeks I certainly don't expect gold to be any lower than it is today. Then it will be a slow gain as time goes on. Its not like stocks that can go flat and then you have to wait years for them to return to what they once were.

I think your right in that it will probably plateau and stay there for a long time. It will appear to go up in that it will be worth 1700, 1750, 1800,1950, but that does not mean it's gaining value. It just means that the dollar is losing value and when adjusted for inflation the same piece of gold you bought for 1700 today will be worth 1700 in 5 years. BUT, compared with other investment options, at least keeping up with and/or slightly beating inflation is a better ROI than you are going to get with most things, especially considering that it is low risk in that it will almost surely at least keep up with inflation, and that any big market collapse will only increase it's value. Might not profit huge, but your money will retain it's value even after adjusted for inflation.

If i had money to invest it would be in precious metals as right now it's a race to keep the value fo your existing money rather than profit big time. Stocks are not very stable right now and you'd be lucky to get 5% over 5 years on just about anything. And if it all crashes than your stocks will crumble while gold actually gains value.



PS: I'm gonna rob your house PP!

[whalen]

Better investment is Colt, Smith and Wesson, or my best investments, Heckler and Koch, nothing has appreciated as fast as those ugly black long guns in heavy calibers. 1000 dollar bags of silver coins was not bad either. For you PP, cans of Alpo and a couple of Hustler mags.

[Premium Parrots]

note to sgreger..........off site storage mate

[Premium Parrots]

update......if anyone cares.

I purchased a decent stash of gold and silver the other day. Now gold is leveling off since the stock market is going back up again. Glad I bought it when I did. I don't expect it to go up for a month or so but all indications and advisers say it will go up substantially by the end of the year. I think I have enough for now.

Since the stock market fell so badly and my most secure stock even went down quite a bit I figured I would buy more before it goes up. I was originally not going to buy any more and thought I might actually sell what I have when it gets back up to a decent price but I just couldn't help myself. This stock has to go up and today I bought 3 times as many shares as I originally had and if it even goes up $1 a share I will make a killing. For it to go back to where it was 2 weeks ago it will have to go up about $15 a share. For this stock to go up just $10 is easy and I might just cash it all in then and buy more gold, however my interest now is really in silver, for reasons a mentioned in another post on this thread.

Now.....I only started this thread and mentioned what I'm doing because I really don't know squat about all this stuff. I bought my stocks and just forgot about them years ago. I bought mostly walgreens cuz I know Kevin Walgreens and knew his plans for the company and I knew all was secure. Besides I got a 15% discount thru Kevin. As bad as the market has ever gotten in the past 15 years the stock price has never gone down to near what I paid. . By doing I have learned. I have a decent beninners knowledge of precious metals and am now set up to do online trading of precious metals and stocks if I wish to. So this last week alot has happened and I have more of a grip on how this all works. My son is into this shit so if I have a problem understanding things he will help out. But I appreciate all the input from you guays.

I hope other members can learn from this thread also. It all seems pretty intimating at first but its all quite easy to do. Its easy enough that even this old idiot can understand it now.

oboy tho.....my one bank is wondering wtf I'm doing taking some of my money away from them. lol. Screw them. That .2% interest is bullshirt. A big plus to all this is that my money is out of their hands and more of it is under my direct control now. Not that I have all that much $ to begin with but I'm in more of a postion to keep it and for it to actually work for me.

Thanks for the input my friends.


edit. I forgot to mention that I heard Walgreens is starting to open up medical clinics.........on every corner in your town......food for thought.

[sgreger1]

Good luck PT! I wish I had more money to invest. Right now while everyone is panicking is a great time to be buying, especially when the dow is down like 600 points lol. I mean it's going to go back up eventually but people get skiddish and sell al their stocks in a panic.

Youll be seeing some profit on that money by this time next year PP (the precious metals investment). A good thing is that with gold (assuming you own actual gold) is that if there is a run on the banks you don't have to worry about it and already have your gold right there in easily devisible quantiteis (since you have coins) and don't have to fret that the banks might close the doors.

[Mr. Snuffleupagus]

Sounds good PP. Now you get to track the gold/silver ratio and swap one for the other when the time is right

[CoderGuy]

update......if anyone cares.

I purchased a decent stash of gold and silver the other day. Now gold is leveling off since the stock market is going back up again. Glad I bought it when I did. I don't expect it to go up for a month or so but all indications and advisers say it will go up substantially by the end of the year. I think I have enough for now.

Since the stock market fell so badly and my most secure stock even went down quite a bit I figured I would buy more before it goes up. I was originally not going to buy any more and thought I might actually sell what I have when it gets back up to a decent price but I just couldn't help myself. This stock has to go up and today I bought 3 times as many shares as I originally had and if it even goes up $1 a share I will make a killing. For it to go back to where it was 2 weeks ago it will have to go up about $15 a share. For this stock to go up just $10 is easy and I might just cash it all in then and buy more gold, however my interest now is really in silver, for reasons a mentioned in another post on this thread.

Now.....I only started this thread and mentioned what I'm doing because I really don't know squat about all this stuff. I bought my stocks and just forgot about them years ago. I bought mostly walgreens cuz I know Kevin Walgreens and knew his plans for the company and I knew all was secure. Besides I got a 15% discount thru Kevin. As bad as the market has ever gotten in the past 15 years the stock price has never gone down to near what I paid. . By doing I have learned. I have a decent beninners knowledge of precious metals and am now set up to do online trading of precious metals and stocks if I wish to. So this last week alot has happened and I have more of a grip on how this all works. My son is into this shit so if I have a problem understanding things he will help out. But I appreciate all the input from you guays.

I hope other members can learn from this thread also. It all seems pretty intimating at first but its all quite easy to do. Its easy enough that even this old idiot can understand it now.

oboy tho.....my one bank is wondering wtf I'm doing taking some of my money away from them. lol. Screw them. That .2% interest is bullshirt. A big plus to all this is that my money is out of their hands and more of it is under my direct control now. Not that I have all that much $ to begin with but I'm in more of a postion to keep it and for it to actually work for me.

Thanks for the input my friends.


edit. I forgot to mention that I heard Walgreens is going to start opening up medical clinics in the near future......food for thought.

So you gonna do gold auctions now? Free shipping if we buy 3 bars?