Markets keep tumbling

[Tim Elston]

if i had the money gold is where i would buying at this moment....if i had the money ......

You're probably right, Dalebert. Last year gold was $800/oz and now it's about $950/oz. During the same period I've lost about 50% in the stock market.

[Cpt. Jack]

I dont know about where u live but where i live i am hearing that gun sells are up and more people are buying guns that never had them....like i said, im just hearing that , not on the news just some friends are telling me, so i dont know how true that is....are u hearing anything?

Gander Mt and other places like them say, ammo and handguns are flying off the shelf.
I feel for people who live in the big citys. As this gets worse it will become more dangerious. In the city I just left armed robbery has skyrocked. In fact they have now started a robbery task force to combat it.

Saddle up folks we are in for a ride.

Cpt Jack

[rjjunior]

if i had the money gold is where i would buying at this moment....if i had the money ......

You're probably right, Dalebert. Last year gold was $800/oz and now it's about $950/oz. During the same period I've lost about 50% in the stock market.

What happens when (if) the stock market finally recovers and gold drops $100/oz+ in a few days? Isn't that likely to happen? How can the value keep going up, up, up? I just don't get it. Maybe I should order one of those prospectus booklets being marketed.

[Tim Elston]

What happens when (if) the stock market finally recovers and gold drops $100/oz+ in a few days? Isn't that likely to happen? How can the value keep going up, up, up? I just don't get it. Maybe I should order one of those prospectus booklets being marketed.

Gold investment would be made on the assumption that there will be an economic collapse instead of a market recovery. Stock investment would be made on the opposite assumption. Both investments involve risk, as does investing in neither or nothing. If it is correct that the monetary system demands exponential debt growth, then both paper currency and stocks will become worthless when resources can no longer sustain the sharply rising curve, and gold will be the ultimate hedge against loss. If that's the case, then even if the stimulus package staves off collapse for a period of time it only makes the fall occur later from a higher peak. So far I am still buying stocks because my irrational side wants to believe that it's just a cycle. I'm still emotionally resisting what looks accurate on paper.

[one love]

If you have any money left, Ammunition and gun stock should be up for now.

I'm debating whether to start buying gold coins or keep buying low in the stock market. Part of me wants to believe that we're going to recover. Part of me says that gold is going to be $1500/oz in a few years.

Gold is the only thing I believe is safe and constant. Even if our Dollar collapses and we go with a one world currency ( as I believe will happen one day) Gold will still hold strong, it always has.