| 10-18-2007, 12:54 PM | #1 |
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Does anyone here have any Gold, Silver, Platnum or Palladium Investments?
With the instable dollar, I'm thinking of investing in some silver.
Thoughts?
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| 10-18-2007, 01:35 PM | #2 |
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Do you have a lot of cash? Also the dollar is unstable due to the government still using gold. and other things aswell.
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| 10-18-2007, 02:12 PM | #3 | |
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 Having our dollar attached to a Gold Standard at this point would likely stabilize the Dollar. Then again, most of your Cash assets should be in Euro's...
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| 10-18-2007, 02:16 PM | #4 |
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I'd say it's the WRONG time to buy Silver personally.
The Doom and Gloom tards say buy Buy BUY and Bury it in your back yard. BUT Silver is near record highs, NOT the time to buy. Back in the late 80s I think it was, Folks were doing the same damn thing. Gas prices were up and fools started buying Gold and Silver while it was at an all time high, then just a few years later, they couldn't unload the stuff and their options were worth about half almost. You should be sitting on a nice big pile of Gold/Silver and maybe some platinum for fun, but you should have bought it about 7-10 years ago... NOT NOW... Guessing... No way near an expert... But these things are cyclical.
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| 10-18-2007, 05:10 PM | #5 | ||
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Let's be honest here, the falling dollar doesn't have that much of an effect of your life. Sure the euro and pound are worth a lot and we've got canadian dollar parity, but I personally don't buy things in Europe that much(read: ever), so until it starts effecting import prices (which certainly hasn't happened yet) I could care less.
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Same thing happened 30 years ago.
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| 10-20-2007, 12:28 PM | #6 |
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Why not buy into the market now, since it's lower? I mean, if you're thinking about buying precious metals as an investment, then you're into the game too late.
Usually by the time you hear about it, you're buying in too late and therefore "buying high" and later, "selling low." Right now would be a good time to invest in the market because you would be "buying low" and hopefully in the future "selling high." People often forget about this, and just want to jump into the new market trend. Unfortunately, by the time individual investors hear about these trends and get in, it's usually too late. |
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| 10-21-2007, 01:05 AM | #7 |
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Funny story, OT, but the Hunt brothers tried to 'corner' the silver market back in the late 70's.
'Bucky' Hunt once said, "a billion dollars isn't what it used to be". BILLION You know you're loaded when... |
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| 10-21-2007, 04:31 AM | #8 | |
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WRONG. The dollar is crap now (luckily it is cyclical) and I cannot believe how everything is expensive abroad. I am currently in Israel, spent a week elsewhere in Europe -- cannot even think of buying a t-shirt... Canadian dollar is stronger than US dollar at the exchange offices everywhere in Europe... How does that affect a regular person, in the USA? The prices of imports will definitely go up. Do you really think Bimmer can sell the cars in the USA 10% cheaper than a year or two ago as compared to Euro (which is their main currency)??? No, they will have to raise prices... We need to wake up and realize that all billions wasted on the wars that are doing nothing positive for us, all things that current admin is wasting will at the end affect our lives and even worse -- the lives ouf our kids. Yes, the dollar fluctuation is cyclical, and now it may be a good time to buy dollars, but the rest is not really cyclical and the real impact will be felt in years to come. But that would be the part of the Political Discussion Forum... |
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