Posted on 05/18/2010 7:05:51 AM PDT by blam
I don’t do much gold. Hard to use it to buy a loaf of bread or a bag of wheat.
A $1 silver coin, though, worth $20 today, is tradeable.
FDR was able to confiscate gold because the people allowed it. What if they don’t next time?
Google “how to short stocks”. If you have a non-margin account google “bear etf’s”.
Assuming, for the sake of argument, that this guy is right about the impending financial doom, isn’t paper currency the last thing you would want your entire worth invested in?
I'm long QID...fwiw-
If you think about it we are just one crisis away from a crash, the camels back is under great stress.
At least he would die on his feet like a man, and not whimpering on the floor like a lib, crying for someone to ‘save him’.
Which way are you going to go?
OK, what’s being advised here? Should I put my entire 401K in a Money Market account?
The percentage of Americans who owned guns in the 1930 was much higher than it is now. 80% of Americans are sheeple. They will not put up much of a fuss, especially when only about 5% of the American population actually has any serious investment in Gold.
1) Sell shares short. Call your broker and say "sell short 300 shares of XYZ at (say) 40". Your broker will attempt to borrow the shares from another firm (or, conceivably, from an account w/in his own firm). Assuming he is able to do so, he'll then sell them and you receive the proceeds of the sale. If the share price subsequently moves up, you suffer a loss; if the share price subsequently moves down, you profit.
2) Buy put options. Call your broker and say "buy 3 (say) December XYZ 40 puts at the market". This is a purchase of the guaranteed right to sell shares of XYZ at 40, no matter where the share price may go, up until the 3rd Friday in December. You pay for this right, of course, so, in order to profit, the share price must decline more than a few points in order for you to profit. If the share price does not do so by December, you might lose your entire investment. Option buying should NOT be attempted by those who do not understand the pricing mechanism of options. There are any number of excellent books on the subject, the best being "Options as a Strategic Investment" by Larry McMillan.
The occasional way. There may be an ETF or ETN that deals in the shares/commodities you wish to short. These are usually, but by no means always, labelled 'short' or 'ultra-short' Blah-blah Fund(s). If the ETF is labelled 'short'/'ultra-short', then **buy** the shares of the ETF if you are looking for the share price of XYZ to decline. If **not**, sell the ETF shares short (much easier, as a rule, than selling stock shares short).
Good trading to you!
I haven't recognized it since 1967 thanks to LBJ!!
It sure isn’t the America I was born in.
I’m just glad my dead father isn’t around
to have to see what has become of the
country he fought for all through the
Pacific.
A hurdred bucks at wall mart can buy enough can goods to keep four people alive for a month. Do that 4 or 5 times and you will be in good shape on food.
Are you looking for anything in particular in tubes. I got a couple of old radios with lots of spare tubes.
Bump that...been spreading that message for some time...
I think that is a fairly good idea. One ounce Silver coins could be used as barter just about anywhere. The government is not likely to use its power to confiscate silver.
Amen....
Sell it into things that make you self sufficient without social or govt services
Here’s a list
http://www.thepowerhour.com/news/items_disappearfirst.htm
many thanks!
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