I never understood the 'buy gold' argument. Gold is basically useless other than on bas's watches and therefore is purely speculative. It's hot for awhile, people buy it then it goes down when people get bored with it. In a global meltdown/crisis, wouldn't you want bundles of wheat, barrels of oil, etc rather than a gold bar? Now I know you rarely actually hold these commodities physically, but it just doesn't make sense to me.
Also, agree with chop above. The sky is not falling. The market comes and goes but betting against the whole of the market is basically saying that large multinationals aren't going to profit over the long term and thus, not pay a dividend. So you're saying Home Depot, McDonald's, coca cola, Boeing, walmart, etc are going to fail long term? I doubt it.
i know this puts things in the simplest of terms, but I try to keep things simple most of the time.
Also, agree with chop above. The sky is not falling. The market comes and goes but betting against the whole of the market is basically saying that large multinationals aren't going to profit over the long term and thus, not pay a dividend. So you're saying Home Depot, McDonald's, coca cola, Boeing, walmart, etc are going to fail long term? I doubt it.
i know this puts things in the simplest of terms, but I try to keep things simple most of the time.
Personally I do believe the sky is caving in...at least it will in some areas. The system is a complete joke/fraud. I think it says everything when the market rises on bad news (due to belief then the "Fed" will continue pumping in more money). I mean what kind of bizarro world is this? You have a private institution printing dollars for a government and using them to prop up a stock market, bond market etc. Beyond belief what is going on, its truly comical. US debt has rocketed to an absurd level and the spending of fake made up money from a private institution continues. Got to believe the Fed is buying up all the bonds right now. There are no words for this madness.
There is no way the faith in the US dollar will last too much longer at this rate.
There is no way the faith in the US dollar will last too much longer at this rate.
