for those that missed the 2009 market drop
- Thread starter fvaldes
- Start date
I started hearing commercials for gold on tv, thats when you know its probably not the best time to buy...
I hear what you're saying, but with the amount of money they're printing at the Fed, gold's most likely going to be a good bet for some time.
Very few people own gold. We're nowhere near the top.
Few owners + Obama + Bernanke + monster debt + unfunded liabilities = GOLD FTW
Silver also looks interesting.
We're heading towards deflation, I wouldn't take any long positions in equities unless they have high dividends. Metals are probably your best bet if you're looking to go long.
If you're looking to trade short there's a lot of money to be made if you know what you're doing because the movement in the markets at the moment...
If you're looking to trade short there's a lot of money to be made if you know what you're doing because the movement in the markets at the moment...
Yup, definitely made some very nice amounts by getting in with Ford at the bottom.
Not sure if I would get into gold, just because it is not my thing. I don't think it is very stable either, and the bubble will have to burst in due time.
as death - IMO gold is peaking
wait till the economy recovers and it will be a good buy, why buy when everyone else is? Especially in these times, everyone and their mothers know that gold is a solid investment because of what the Fed is doing. Right now people are thinking Hard Assets and liquidity > stocks market
Sirius had a lot of stock manipulation going on from what I heard and shorters crushed the price in 09 - that was a nice buy for you. There were BS rumors of bankruptcy probably spread by broadcasting networks and most probably didnt have the nuts to hold onto it.
I bought in at 35 and then sold it because it wasn't doing anything. Pretty pissed now.
Yeah, Gold is pretty tricky. I wouldn't buy in right now either. Generally I don't buy into stocks if everyone else is. The trick is to get in before everyone starts buying. Then that helps you make some quick money
If your looking into smart investment - try looking into blizzard - i thinks a year or 2 ago or something like that they merged with another company and started selling stocks.
you might want to take a loot at that considering how big they are getting and the future hit Diablo 3 and catalists which going to increase blizzards size some.
you might want to take a loot at that considering how big they are getting and the future hit Diablo 3 and catalists which going to increase blizzards size some.