Posted on 03/29/2009 10:55:46 PM PDT by GLDNGUN
I like non-numismatic coins and bullion but I don’t know numismatics the way some folks do. I do think that in hard inflationary times, numismatic value is somewhat less desirable than hard weight based coinage and bullion. I could be wrong though. In the end, I’m just betting that gold and silver coins and bullion will protect me against the inflation that is surely coming as well as anything else that our future holds. I won’t put all my eggs in that basket just yet but I’m perfectly comfortable with putting 20% to 25% of them in it. I’m not prepared to jump back into the stock market in any amount though. I do not trust the market or the folks running it. I may regret it but I think the US economic fundamentals will ultimately justify my decisions so, for now, “in gold I trust” (and silver).
I’m not an expert, but I’ll throw in. Hussein’s decision that he can fire/hire captains of industry isn’t setting well with the markets.
See, Europe tried that before with kings and facists and National Socialists. Didn’t really work out too well.
“Don’t you understand the implications of what the tyrant
has done!”
This is the biggest change to the US since the emancipation proclamation.
The fed now deceids who runs which companies.
Ground breaking and universe shattering change.
Do you buy actual metal or metal funds?
I’m still hesitant in buying actual metal due to history. The gov’t outlawed owning gold before. Why wouldn’t that happen again?
I’m ignorant on metals at this point, but getting interested. Whole investing life was spent on stocks and funds with no interest in metals or mining.
...Only in capitalist societies! When the government takes over, you have the Soviet Union and Cuba.
And a communist is a socialist with your guns.
“You don’t have to be afraid of an Obama presidency.”
-—John McCain
Used to be, but then 1/20/09 happened. The stuff that used to work don’t work no more. Time for the magic negro to disappear another $trillion.
Check your local Craigs list for “junk” silver coins. I’ve seen good deals on ebay too
I like the metal itself. I’m unconcerned with any laws the government might pass regarding ownership of metals. I was hesitant at first too but after much debate with a few free republic members on the matter, I became convinced that gold and silver are an excellent means of protecting oneself against inflation. My own erudition as well as the opinions of most other freepers strongly suggests that higher than normal inflation is in our future regardless of anything we see or hear today about dollar values or market rallies. AFAIC, until we see a significant and lasting reversal of the unemployment rate, any faith in this economy or the stock market is misguided. The government and the fed are clearly attempting to reverse a deflationary spiral by increasing the money supply but that strategy ignores the real cause of the deflation and, worse yet, exacerbates it. The root cause is debt and they are creating more debt as well as decreasing the purchasing power of the consumer by devaluing the dollar without creating any significant mechanisms by which to raise wages for US employees to a degree that will compensate for the decreased value of the dollars in their pockets. The deflationary spiral will continue despite the inflationary environment because they are attacking the problem from the wrong direction. The wise investor will look for means of preserving his or her wealth at this point and will avoid trying to get rich off Wall Street’s “half price sale”. this ship is going down and, as another poster said upthread, Obama and company are simply rearranging the deck chairs.
Looking there all the time. Ebay too actually.
John McCain: Angela Landsbury last week asked McCain to
play a game of Solitaire...
APMEX is trusted by many on gold and silver forums
http://goldismoney.info/forums/
They are good on gold coins but their junk silver was overpriced compared to what my local yokel coin dealer was selling at
My local craigs list has tons of silver coin buyers. I’m guessing some would sell too
I freep mailed you!
It was GM who accepted socialism when they took the bailout money. No money comes without strings.
Yep. Even though GM probably deserves to go under, I don’t think markets like being told by the gubment who can, and can’t run companies.
Hail! Emperor Obamadus!
USPS is the biggest industrial enterprise in the US and the government has owned it for quite some time. GM has been shrinking for decades. The Union could actually purchase all the outstanding shares for about $2.0 billion
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