Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: SeekAndFind
As of 2007, the 95% of Americans held only 30% of liquid money. The elites (the top 5%) are just manipulating the different investment vehicles to swindle the rest out of the populace. Gold, and commodities, are up now, they will take a dump soon, just like real estate did. Then no one will want gold and silver for years (it happened in the 80’s).

Save money to own a house, don't use credit card debt (that's how they milk the non-investors), don't fall for all the advertising telling you that you must have that 100” TV in your 8 x 12 living room (that's how they get the non-investors). Don't invest or speculate in things that you don't understand why they go up or down (stocks, commodities,bonds). Lay, low save your money. Don't be a sucker.

9 posted on 01/14/2011 7:34:30 AM PST by verdugo
[ Post Reply | Private Reply | To 1 | View Replies ]


To: verdugo
Lay, low save your money. Don't be a sucker.

I wish you were right, but when they've cut the dollar's purchasing power by 25% through inflation, that 100" TV will be looking pretty sweet. Unfortunately, we may be heading into a time when only tangible goods are worth anything.

Also, I think those people who dismiss gold as a substitute currency are being a little hasty. If the dollar begins to collapse, I suspect that savvy merchants will take to accepting gold quite readily.

It won't trade at its published dollar-value -- it will be accepted at some discount rate. But it will be accepted and it will still be worth more than the dollars spent to buy it.

All that said, buying it purely as an investment right now is probably very foolish.

13 posted on 01/14/2011 8:07:34 AM PST by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson