Posted on 04/24/2011 6:01:53 PM PDT by JimWayne
Silver at 47.81. Click on link for chart.
(Excerpt) Read more at kitco.com ...
If the economy falls apart we all lose, no matter what you do.
you don’t get out much, do you?
have you seen the people that make up America these days? they don’t have the grit previous generations had. these people look to the govt for work since they have zer0 idea how to create their own jobs.
meanwhile, *if* just *one thing* were done to improve America’s financial outlook, then maybe i’d slow down a bit. considering not one thing has been done to slow the bleeding since the mid 90s... i won’t be holding my breath
America is confused.
Everything we believed to be true, has been bogus.
Those who should have been helping, have been sabotaging.
Those who pretended to believe in the high-minded ideals of the founders of our republic, in fact are too frequently amoral and care not one wit about America.
However, we are learning. When enough recognize that uncomfortable truth, America will change. Adapt, and come roaring back with startling focus.
GOP. Don’t be on the wrong side when that happens.
Don’t be sleeping, in bed with those who care not for America, on that re-awakening morning in America.
Pick a lane. Soon.
Mr. Trump has much to teach the GOP.
I hope they are listening...
Silver is in backwardation right now (a pretty rare state for commodities) and AGQ is based on options for physical silver futures. It’s recent stellar performance has been slightly over double the performance of physical silver.
If you feel strongly enough to invest in silver, consider AGQ. Doubling your profits is not a bad thing.
If you plan to take physical possession of the silver, then by it outright and don’t mess around with ETFs or other instruments.
Well, it would be tough to recommend anything because every situation is different. Generally, it pays to reduce debt, if you have any, because presumably your CD rates of interest are very low - even cash in your bank safe deposit box or other safe location makes a certain amount of sense.
Assuming your finances are in otherwise good shape - cars paid off, no credit card debt @ 18%, etc, one area that wish I had done was convert some of my “gambling” money into foreign currencies - Canadian dollar to be specific. Stocks that are expressed in foreign currencies? Dividend paying stocks, particularly oil related stocks make sense, as most of us need to drive.
But your CDs were presumably purchased as part of your near-cash asset allocation and make no mistake cash is still king, it just takes more of it. 3
to 6 months living expenses (easier said than done!!) is also some good sleep insurance and important as ever. It may be the best thing, given your situation, to keep them.
We are acting as victims.
Frozen. Not seeing that we could escape any time we chose.
All that we lack yet, is that moment when we decide to stand up.
America is still the world’s superpower. For now.
Ending the confusion will require telling millions of government dependents "NO MORE" and then shooting some of them when they riot. It will be interesting to see which political entity will emerge that is capable of doing this, other than some totalitarian successor to the current order.
Check ebay, silver there is trading for 50-58 dollars an oz over the last three days. I use it as a leading market indicator. That market trades 24/7.
IMHO our side has become overly obsessed with domestic policy issues at this moment in history.
America is not collapsing economically because of right or left.
We are under economic attack. Yet we do nothing.
I could not agree with you more that we are acting as victims, and that we have not yet stood up. I am really just questioning two things. Have we waited too long? My answer would be yes. IMO, we have passed the “event horizon”. And secondly, is this the same America that it was even in the 70s? My answer is that while much of that America still remains, most of it doesn’t. And I don’t think enough remains to really make the kind of fiscal decisions, and provide enough growth, to affect the outcome.
I really do hope you are right. But personally, I think it is now a question of economic survival, not recovery (both for the country, and for individuals).
So far I have made almost 350% profit in just over a year.
“Have we waited too long? “
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The question more appropriately, is whether we are willing to stand up to those allegedly on OUR side, who are enabling this.
We must. They are selling our nation out. It is very nearly, true treason. Yet so many, remain silent. Mute.
Not young bubblehead products of the socialists running our schools.
ADULTS. Conservatives!
Silent. Willfully ignoring reality. I sure don’t get it.
We are supposed to be the ones who recognize geopolitical realities.
So. Why don’t so many on our side? Our problem is not liberals.
Our problem is immobile, frozen to their place, conservatives who should know better and be doing something about it.
Stay off eBay! Chinese fake EVERYTHING including Gold and Silver!
So are ayou suggesting 100% in gold and silver?
Finances are in good shape but I do not own a place. I rent. So sleep insurance has to factor in rent and for me, sleep insurance is a year's expenses. I've been there. So I know it is a year's expenses. If I owned a place, then things would be different because rent is a huge part of my monthly expenses. I have been going in for physical silver. As for the CDs, they have been disturbing my sleep because what you think is a month's expense today may be worth only ten days' expenses, a year or two from now!
“Never bet against America.”
Here’s another one for the list of items suggested by my tagline!
People who are buying real "things" like commodities, metals, land etc. (as opposed to paper instruments like stocks, bonds, dollars, treasuries), aren't betting against America.
They're betting against the central bankers, the corrupt international financial syndicate, the Obama administration, hyper-Keynesianism, collectivism, QE2, fiat currencies etc. etc. etc.
Buying hard assets or "things" is aquiring wealth. Keeping cash when it does nothing but get devalued buy people like Maobama and Ben Ber-snakey is objectively unwise.
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