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Originally Posted by woj
Buying gold/silver/etc is pure speculation... There is really no good reason why gold/silver should significanly go up in price for the next 5/10 years... with companies there IS a good reason why price would go up, they innovate, come up with new products, etc, so each year their profits increase and the share prices goes up...
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i'm already making money with gold and silver.
you may be right about the BULL market not lasting 5 to 10 years, but when you hear everyone and their mother starting to buy gold that's when you sell.
not many people are onto gold and silver as of yet!
america is in debt to the hilt! the american dollar is WEAK! we borrow money from countries like china who have an enormous econony. we borrow then borrow again and are not paying off our debts. sooner or later these countries will start trading in euros because they will get more for their money. they will also get tired of loaning us money and NOT being payed back. so where does that leave america?
the new fed guy say's one of the greatest inventions ever invented was the printing press and he would print money and throw it out of helicopters if need be. this will only lead to serious inflation or even worse.
in march, iran plans to open their own stock market to sell oil traded with euros instead of US dollars. even if the US were to attack under the disguise of ridding them of their n*uk ambitions, the war in it's self would have these metals to rise. iran is not going to be a cake walk like iraq. besides, we still haven't resolved the issue with iraq as of yet. mo money, mo money, mo money!
everday prices seem to go up for everything we buy, but our incomes go up very little in comparison. i see HYPER INFLATION in the wings and if you don't have some kind of hedge, you will lose everything you have.