5go, that was an executive order issued by Roosevelt. Congress has made it illegal for the president to seize gold in any national emergency except war. When it comes to executive orders there is no asset that is safe, including platinum. My gold and silver has no paper trail and is not stored in my bank or home.
anyone here in the stock market?
by Gregor 34 Replies latest jw friends
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watson
BrentR,
Thank you for that link. I just recently started buying bullion in the libertys and crugerands. Interesting read.
Of course, as soon as I start to buy, no one runs to gold for stability...LOL Gold prices fall, etc. Typical.
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BrentR
Hang tight with the metals. They are also an insurance policy as much as an investment. When/if the USD crashes like it's trying to now you can spend them and they will be worth ten times thier present value.
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BlackPearl
10:41 ET and the DOW is down 203 points.
BP
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5go
5go, that was an executive order issued by Roosevelt. Congress has made it illegal for the president to seize gold in any national emergency except war. When it comes to executive orders there is no asset that is safe, including platinum. My gold and silver has no paper trail and is not stored in my bank or home.
BrentR haven't you heard we are at war !
Did you buy from some where they have one. Gold is money for all pratical purpose so is silver.
Platinum is an idustrial metal in demand which is why it's worth so much paladium is soon to be worth the same for the same reason.Opps wasn't supposed to say that last bit. Doh! Well it's not like anyone could of looked that up.
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5go
10:41 ET and the DOW is down 203 points.
BP
It's in need of a huge correction so I would not be shocked to see it do this for a day or two even a week or month.
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BlackPearl
I agree, it shot up to 14,000 so quick, gotta correct at some point. This is related to the liquidity crunch though.
BP
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Paralipomenon
Some people have a knack for it, some don't. Learn an industry, follow the trends of rises and falls so that when you anticipate a rise, you get in early.
Learn about hysteria and use it to your advantage. When people see stock prices going down, the average person will panic and sell so as not to lose their shirt.
For example Dreamworks. Earlier this week the primary shareholder sold off 10 million shares which caused the stock to plummet from $33 to $29. It's still floating around this point, but I expect it will rise back up to $32 by next week.
Whenever I see a news article that states "XXXX stock plummets" my interest is piqued. I try to gauge if the drop was due to market hysteria or a weakness in the company. If hysteria, you stand to make a quick turn around. If weakness, move along.
The stock market is mostly trend analysis, research and a bit of luck. Most casual investors rely more on the luck aspect. -
5go
I agree, it shot up to 14,000 so quick, gotta correct at some point. This is related to the liquidity crunch though.
What we have here is a perfect storm and a nearly identical senario to the crash of 1929. Lot of fake money ( credit money ) invested in the markets. Pretty soon every one is going to realize it's not real money and then we have a bank run to end all bank runs.
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BrentR
That scenario is what keeps me awake at night sometimes. It is nothing short of a miracle that it has not happened allready. I was one of those strange kids that listened to my grandparent's stories about the 29' crash and what they had to do to make it. It will be 1000 times worse now if it hapens.
The USD index is hovering around 80 right now and that is a psychological barrier that has just been breached.
If you chart the peaks/dips on the dow over the last thirty years it will make a straight even line until you get to 1999. If that line direction is continued the dow should only be around 10K now. It is seriousely oversold.