Activism and Politics => Politics => Topic started by: oZma on January 16, 2013, 02:19:55 PM Return to Full Version
Title: money and investments
Post by: oZma on January 16, 2013, 02:19:55 PM
Post by: oZma on January 16, 2013, 02:19:55 PM
so I'm not sure where this belongs, but what are your thoughts on investing in the stock market lately. a lot of the blogs and youtube channels I subscribe to talk about impending economic dollar crash, hyper inflation, etc... they warn against keeping dollars in bank accounts and the stock market and instead suggest investing in precious metals like gold and silver to protect against inflation.
what are your thoughts?
what are your thoughts?
Title: Re: money and investments
Post by: Jamie D on January 16, 2013, 02:40:55 PM
Post by: Jamie D on January 16, 2013, 02:40:55 PM
Quote from: oZma on January 16, 2013, 02:19:55 PM
so I'm not sure where this belongs, but what are your thoughts on investing in the stock market lately. a lot of the blogs and youtube channels I subscribe to talk about impending economic dollar crash, hyper inflation, etc... they warn against keeping dollars in bank accounts and the stock market and instead suggest investing in precious metals like gold and silver to protect against inflation.
what are your thoughts?
If you have the money to invest, and worry about inflation and other economic uncertainties, precious metals may be a good investment. However, you should review the performance of the commodity before investing.
http://www.usagold.com/reference/prices/2012.html (http://www.usagold.com/reference/prices/2012.html)
This site shows the daily gold price for all of 2012. On 03 January 2012 the price was $1598.00 The year-end price was $1655.50 The 2012 high was $1791.75 (04 October). The 2012 low was $1540.00 (30 May).
Precious metals can never completely lose their value, unlike paper money.
Title: Re: money and investments
Post by: Devlyn on January 16, 2013, 02:47:34 PM
Post by: Devlyn on January 16, 2013, 02:47:34 PM
Buy a piece of land and cultivate it, you can't eat precious metals or currency! Hugs, Devlyn
Title: Re: money and investments
Post by: JessicaH on January 16, 2013, 02:50:25 PM
Post by: JessicaH on January 16, 2013, 02:50:25 PM
I think you will see enough warning to get your money out. Stocks are great because they are very liquid. I think medical stocks may take a big hit as medicare squeezes medical providers. The dollar will be fine unless you start seeing long term bond rates start jumping and I certainly wouldn't buy long term bonds at this point.
As soon as the govt. has to pay a few percent over the nothing they have been borrowing money at, the interest rates will cause the govts. cost of borrowing will shoot through the room causing the annual deficit to shoot through the roof which will cause a vicious, downward economic down-spiral. And that is why it's important for the govt to quit buying votes with the USA credit card and balance the budget!
As soon as the govt. has to pay a few percent over the nothing they have been borrowing money at, the interest rates will cause the govts. cost of borrowing will shoot through the room causing the annual deficit to shoot through the roof which will cause a vicious, downward economic down-spiral. And that is why it's important for the govt to quit buying votes with the USA credit card and balance the budget!