WillowTree
Diamond Member
- Sep 15, 2008
- 84,532
- 16,092
- 2,180
The stock maket? It looks like it on it's way to the bottom -250
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I wouldn't worry about it just yet. The DOW is 12.5 even down 250. Back in 2010, I predicted (and based My investment strategy) that the DOW will bump along at the low 12,000 line until summer or winter of 2013.The stock maket? It looks like it on it's way to the bottom -250
Like any investment, it is only as good as your own vigilance.I wouldn't be investing in the stock market as a means of finances anyway. Hard assets are what you should have... property, possessions, gold, silver, etc.
Fuck the stock market. Do away with it as far as I'm concerned.
I disagree. As a wise man once said... "they're not making any more land, buy it while you can." City property, like a condo in a high rise downtown NYC, yeah, that'll be worth as much as tits on a bull if anarchy erupts. But as with my property, I live way out in small town America. I have an acre and a half of land, my own well, my own septic system, a huge garden and critters running every which way that could be a meal. That's worth more than any kind of money when survival turns primal.Like any investment, it is only as good as your own vigilance.I wouldn't be investing in the stock market as a means of finances anyway. Hard assets are what you should have... property, possessions, gold, silver, etc.
Fuck the stock market. Do away with it as far as I'm concerned.
Property hasn't worked out to well recently, though it is a good and solid investment for long periods of time. However, should the unthinkable happen and society collapses, the property won't be worth squat unless its a working farm.
Gold and silver is the same way. In order to use it as a bartering item, it will have to be ground into a fine dust or some form of small unit like a link or a ball. A large, gold coin, or a huge brick of gold, won't mean jack unless you are willing to trade the whole thing for whatever goods you want to purchase. Silver is more reasonable.
The Stock Market, like any kind of investment is no more good or bad than a plot of land.
TypicalUSGuy is right. Even Al Capone knew the Market was rigged.
I started moving into Gold and Silver last summer.
At this point, gold should outperform all other currencies as well as so called "hard asset" plays. The newly introduced gold ETF on the NYSE (ticker-GLD) should facilitate money flows into physical metal. GLD is a grantor trust backed by physical gold. When a new share is created, the dealer group must purchase physical gold to back it. The gold is held in a London vault. In the past, price quotes for gold were primarily for paper derivatives of the real thing, primarily futures contracts or gold linked notes issued by money center banks. It would not take much of a diversion of capital from paper assets to physical gold to drive the price well into 4-digit territory. Global financial assets exceed $70 trillion. The market cap of physical gold, assuming all central bank gold is for sale (which it is not) is around $1 trillion. If 1/10% of global financial assets chose to migrate to physical gold, it would represent a call on two years of global mine production. That trade would be impossible to execute at current prices.
I know, let's privatize SS! LOL