[RealJustme]

The bull market is built on an unsustainable mix of trillion dollar deficits and a mountain of printed money. The housing "recovery" is likewise built on artificially low interest rates. Now that Obama has won buy very defensive stocks with high walls and deep moats. Buy the shortest treasuries you can find. Keep as little cash in the bank as possible. Buy "physical" silver and gold and other tangible assets with cash. Finally, learn some useful skills - your desk job isn't a real skill. Don't drink the cool aid of the stock market or the housing "recovery." Things are going to get much worse, don't say you weren't warned...again.

[RealJustme]

DOW already down 250 points and it's only been 12 hours since the bad news was announced. Got Gold?

[RealJustme]

AP- The election behind them, U.S. investors dumped stocks Wednesday and turned their focus to a world of problems — tax increases and spending cuts that could stall the nation's economic recovery and a deepening recession in Europe.

The Dow Jones industrial average plummeted as much as 369 points, or 2.6 percent, in the first two hours of trading. The average was on track for its worst decline in a year.

The Standard & Poor's 500 index fell as much as 40 points, or 2.8 percent. Several business have indicated plans to reduce the number of employees to avoid costs they won't be able to bare with expected increased taxes and regulations.

I hate to tell you but I TOLD YOU!

[elklindo69]

I'm salivating at the prospect of buying more stocks. You have to be crazy to buy more gold, there is not more upside in gold.

I have my list ready if the teabaggers go ape shit bananas and obstruct again, we should get some real bargains. I have my list ready....

[RealJustme]

I'm salivating at the prospect of buying more stocks. You have to be crazy to buy more gold, there is not more upside in gold.

Elk, they don't accept food stamps for stock purchases. You can sell your food stamps at about 60% face value outside of some super markets...then you can invest in Obama stocks, please do! :mrgreen:

[BilboBagend]

Gold is a great investment during a recession/depression and a lousy investment during a recovery.

The country is in a recovery. Momentum will only go so far at this point.

Justupid, of course, will see things in a much more malignant manner. This is the way of schizophrenic paranoids.

[RealJustme]

Gold is a great investment during a recession/depression and a lousy investment during a recovery

You must have missed the voting results...Romney didn't win, the recession we're in is heading towards a depression.

[elklindo69]

Gold is a great investment during a recession/depression and a lousy investment during a recovery.

The country is in a recovery. Momentum will only go so far at this point.

Justupid, of course, will see things in a much more malignant manner. This is the way of schizophrenic paranoids.

You buy when the streets are bloody and sell when they are sunny.

You can make really good money off schizophrenic paranoids.

I can never understand it, when there is a sale at the supermarket people go running to buy whatever. And when there is a sale on the stock market, people go running to sell stocks and buy gold???

[elklindo69]

Gold is a great investment during a recession/depression and a lousy investment during a recovery

You must have missed the voting results...Romney didn't win, the recession we're in is heading towards a depression.

This kind of sentiment is good.

Now I am foaming at the mouth...........YES!!!

[BilboBagend]

ROFLMAOAY

[RealJustme]

Nov 12 (Reuters) - Gold edged up on Monday after
posting its biggest weekly gain since late August on safe-haven
buying driven by worries the United States could return to
recession if Congress fails to reach a deficit-reduction deal.

FUNDAMENTALS
* Gold added $3.03 an ounce to $1,733.94 by 0025 GMT,
holding near a 3-week high around $1,738 struck on Friday.

:mrgreen:

[BilboBagend]

For the moron, justupud. It all goes up. It all goes down. It all inflates.

The trick is to invest in things that go up faster than most other things. Doubling your investments in 10 years sounds good, until you realize you could have tripled your investments with less risk elsewhere.

Gold is and never has been a panacea. Obsessive focus on gold is the mark of a very sick paranoid mind completely out of touch with all reality.

Real investor weigh all the options and maximize gain and minimize risk. They play the morons who obsess on one think and on ignorant trends. It takes a great deal of work. Simple minded focus on gold is a sure way to lose in the long run. Listen to the story of a short term winner at the casino and you can easily see the long term loser who loses everything KNOWING that his LUCK was an infallible system.

[RealJustme]

Real investor weigh all the options and maximize gain and minimize risk.

Bingo! Got gold?

[BilboBagend]

As I said. Just Stupid.

[RealJustme]

If you're a mature adult and have invested well while working hard you're in pretty good shape at the moment but Obama won't let you keep it. Take some nice luxury vacations and enjoy it while you got it. Keep some gold and cash on to make it through the coming depression, just be aware the cash won't be worth as much as it it now, so enjoy it while you got it. If you own a business consider selling it, if you're keepin your business cut stagging to the bear bones to avoid bankruptcy. Get rid of now before Obama forces you keep them on the payroll while increasing your operating costs, his goal is force businesses to fold so the Government can step in and form public unions to run everything.

Don't say I didn't tell you guys. I'll be off the net for a few days, we're off on a 10 day cruise before we return and start slashing staffing.

[snakeoil]

I've been buying US Mint Silver Proof sets. I buy one set a month. They're easy to get rid of and they usually go up in value year after year. The proof sets are sealed by the mint and you don't have to worry about fake gold, having it assayed or adulterated gold.

http://catalog.usmint.gov/

[Freedman]

All you people with money to invest are the problem. Don't you know there are folks out there that live day by day and listening to you people talking about how to best make money off all that money you have makes me sick. Instead of investing in gold you should be investing in folks that need to money to pay their bills, but hell no, you want to complain about your taxes being to high. Help your fellow man and be a little less greedy.

[justdoit]

Freedman
Not quite sure of your argument here. What would you suggest???
I am in my mid/late 50's My last company was chap 11 and I was out the door due to downsizing. I was never handed anything, wasn't born with a silver spoon. If it were not for my investments ( intelligent or otherwise) while I worked I would now be fliping burgers or be a Wall mart greeter. How could my investments be an insult to you???

[BilboBagend]

There are fringe radicals in both directions, right and left.

The simple fact is that "free market capitalism" is the best way to advance the economic well being of all people. Investment in new techno9logy and production is the best way to advance economic expansion, the goods and services available to all people. That includes food, water, clean air, drugs, and healthcare as well as luxury items.

There are many problems with our current system, the first and biggest is that outside of local businesses there is little to no "free market capitalism". Every big business and major corporations focus most of their energy and funds on is restricting markets, locking customers into bad deals with higher than commodity prices, and gaining market share in order to improve pricing power. Most of their methods are anti-free market capitalism techniques. The second problem is that corporations are run for the benefit of their executives at the expense of their owners, the customer is never a thought in this equation of benefit beyond considerations of capturing, maintaining, and milking customers.

There are some natural monopolies and these need to be strictly regulated as with all monopolies and oligopolies for the benefit of the people returning a reasonable regulated profit to the owners.

[Freedman]

Freedman
Not quite sure of your argument here. What would you suggest???
I am in my mid/late 50's My last company was chap 11 and I was out the door due to downsizing. I was never handed anything, wasn't born with a silver spoon. If it were not for my investments ( intelligent or otherwise) while I worked I would now be fliping burgers or be a Wall mart greeter. How could my investments be an insult to you???

The money you have doesn't insult me, what insults me is those who refuse to pay their fair share and only worry about themselves and their hords of money. If you've got extra money you should be helping your fellow man, if you do that, good for you. There is no reason one person should live in poverty when others live lavious lifestyles.