Sure, buying gold was pure luck.......spoken by someone (vc)who was poopooing gold back in the late 90's like ALL the experts. Forget the fact that it is the OLDEST form of storing wealth in history and it will outlast every other form of "money" that man can ever conceive. You understand that don't you Big D? The stock market was overpriced and gold was an extremely good value, yet it was "pure luck". Sure, whatever the experts want to say.
I'm on record here saying stocks will go lower and gold will go higher. Watch gold in November Big D.
Of course, my non-expert opinion is free. Don't expect to get any REAL and SPECIFIC advise from vc, that'd cost ya....
cascadedad well if it was luck you had, and VC knows the markets then VC can quite easily tell me when the markets will start to go back up .... right VC ?
look for another bad day on Wall Street .... it follows the worlds markets and it was shredded tonight from what I'm reading
cascadedadI'm going to get a commosidites account again and when I do I'm going to short gold. The markets WILL rebound, if they don't the world's economy will collapse as a result ..... when they rebound gold will pull back hard. Shorting a bullish gold market with options is pretty cheap right now and could/will pay off huge at some point.
cascadedad well if it was luck you had, and VC knows the markets then VC can quite easily tell me when the markets will start to go back up .... right VC ?
He won't do it.
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look for another bad day on Wall Street .... it follows the worlds markets and it was shredded tonight from what I'm reading
cascadedadI'm going to get a commosidites account again and when I do I'm going to short gold. The markets WILL rebound, if they don't the world's economy will collapse as a result ..... when they rebound gold will pull back hard. Shorting a bullish gold market with options is pretty cheap right now and could/will pay off huge at some point.
Good luck, I wouldn't be so sure of yourself on that one. Yes, the markets will rebound, but when? and how low will they go priorthe rebound? How high will gold go prior to it correcting down? Now, IF I am right and we know it would be pure dumb luck if I am because I am not an expert, BUT, I think if your plan is to short gold you should wait a while. At least 2-3 months to see if you still feel the same.
Of course, vc will tell you you can not time these things, so you just should 1) not think about it, 2) don't do anything, and 3) send him all your money and let the experts do the thinking for you.
LOL, now I KNOW that is not the type of person Big D is!!!!!!!
When something is in a "record" mode .... you capitalize on it. I played $15 and sub $15 a barrel oil (commidities, not options) - I called the market RIGHT I played it WRONG. Gold is going into record highs, and even you said watch and often you can do exactly what the rest of everyone is doing and the result is making a lot of money.
Have a little experience buying gold myself. It was illegal to own gold before about 1974. The US price was pegged at about $34 an ounce for decades. Bought200 ounces of goldas soon as it became legal to own it inabout 1974. Price wasless than $40 per ounce:Sold it in 1980 for over $800 an ounce. Bought it a few years ago at about $270 and ounce and sold some of it last year and this year at a tidy profit.Think ithe US political situation is alittle too volatile right now to buy gold. Look for congress and the next administration to attempt to outlaw the holding of gold.
Gold goes up $20-30 an ounce today ........ thats a guess VC
The sell-off was driven by anxiety over a dismal report on retail sales, a bleak outlook by the Federal Reserve and sober remarks by Fed Chairman Ben Bernanke.
A government report showed that retail sales suffered their biggest drop in three years last month. With consumer spending making up two-thirds of GDP, the retail sales data stoked recession fears.
The Federal Reserve's new snapshot of business conditions showed economic activity weakened across all of the Fed's 12 regional districts.
Since you've been saying that buying gold has been pure lucky .... tell me man, when is this thing going to stop?
Ah, another question from a guy who admits living from hand to mouth and "timing" the purchase of real estate...recently too.
I have to laugh at you and cascade. Both of you can do nothing but misquote what I've written because most of it is over your heads.
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cascadedad well if it was luck you had, and VC knows the markets then VC can quite easily tell me when the markets will start to go back up .... right VC ?
It is your abject ignorance on the subject the riles you so. After all, you actually made clear statements that 401ks are a bad investment. You don't even understand that the 401k is a receptacle, not an investment. Ironically, that you would ask the key question only back up my stance...that it is IMPOSSIBLE to predict the ups and down with certainty. Lol, but then again, you know that as does cascade. Its just that neither of you is man enough to admit it.
Here, Stealthycat, listen to an true expert on the subject:
"BUT, I think if your plan is to short gold you should wait a while. At least 2-3 months to see if you still feel the same."
I love it.
"Feeeeelings...nothing more than feeeeeelings..."
Exquisite strategy. A true moment of zen by our resident expert on market timing.
It is your abject ignorance on the subject the riles you so. After all, you actually made clear statements that 401ks are a bad investment. You don't even understand that the 401k is a receptacle, not an investment. Ironically, that you would ask the key question only back up my stance...that it is IMPOSSIBLE to predict the ups and down with certainty. Lol, but then again, you know that as does cascade. Its just that neither of you is man enough to admit it.
That is absolutely funny that you would question my manhood. I have said everything that I am going to do and you won't answer any questions I ask you. You are the self proclaimed expert and yet you do nothingexcept show your absolute arrogance. Yes, you truely do sound like one of the "experts" that I wouldn't have a thing to do with let alone pay money to for advice only to hear after the fact, "Just keep dollar cost averaging, don't worry that it is going down, this is a buying opportunity you can buy more shares now at this new low price....... on and on and on.....
I think the reason for all your personal attacks is deep down inside you know I am going to be "lucky" again and that just pi$$es you off something fierce.
I thinkyou are the one sporting the girly part bud.
VC - I need your help
