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  1. #1551
    QUITTER Irving's Avatar
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    In total agreement. I plan to invest and make as much money as possible until then.
    "There are no finger prints under water."

  2. #1552
    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Quote Originally Posted by Irving View Post
    In total agreement. I plan to invest and make as much money as possible until then.
    Sounds like a good plan.
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    "When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat

    "I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
    ― Russell Kirk, Author of The Conservative Mind

  3. #1553
    CO-AR's Secret Jedi roberth's Avatar
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    Silver is up on 18 right now, gold is up a little. Futures are flat, VIX is down 4 points from this morning, currencies are flat.

    These episodes of panic are fun to watch, I'd like to see a few more countries break out of the EU.

  4. #1554
    CO-AR's Secret Jedi roberth's Avatar
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    Green across the board except for the VIX - http://finviz.com/futures.ashx

  5. #1555
    Proud Infidel beast556's Avatar
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    Quote Originally Posted by Irving View Post
    That I'm not nearly as concerned about. Most likely is taxing post tax accounts, but like I said, I've become wildly optimistic in that I am the one that controls my destiny and will be able to negotiate my future regardless of the circumstances, ideal or not. That said, I plan to make money while possible, rather than short myself holding precious metals in anticipation of an event that may never come. I wouldn't tell someone else not to hold precious metals, but I'm after taking full advantage of current opportunities.
    Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
    Don't be stupid!!!!!

  6. #1556
    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Quote Originally Posted by roberth View Post
    Silver is up on 18 right now, gold is up a little. Futures are flat, VIX is down 4 points from this morning, currencies are flat.

    These episodes of panic are fun to watch, I'd like to see a few more countries break out of the EU.
    And XIV is up 5%: https://www.google.com/finance?q=xiv...mON8e9igKP1aho




    ETA:
    Quote Originally Posted by beast556 View Post
    Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
    It only preserves your wealth if someone else believes it has value. In times of crisis, I doubt anyone will be begging for gold or silver on the streets or shooting each other to get gold and silver for their families. After the crisis, perhaps... but that also means that you have to survive the crisis for your gold and silver to be worth anything.
    Last edited by HoneyBadger; 06-29-2016 at 11:13.
    My Feedback

    "When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat

    "I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
    ― Russell Kirk, Author of The Conservative Mind

  7. #1557
    Grand Master Know It All
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    Quote Originally Posted by beast556 View Post
    Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
    It is the way you treat it but like any commodity it can also be traded.

    Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.

  8. #1558
    QUITTER Irving's Avatar
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    Quote Originally Posted by beast556 View Post
    Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.
    That is a common saying. I don't really have wealth, so investing in precious metals would be the same as keeping cash in my mattress.
    "There are no finger prints under water."

  9. #1559
    QUITTER Irving's Avatar
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    Quote Originally Posted by Wulf202 View Post
    It is the way you treat it but like any commodity it can also be traded.

    Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.
    A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.
    "There are no finger prints under water."

  10. #1560
    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Quote Originally Posted by Irving View Post
    A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.
    Whoa whoa whoa! I didn't ever say that index funds are the devil, did I? I just think you can do better. There are plenty of mutual funds that consistently outperform the market.
    My Feedback

    "When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat

    "I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
    ― Russell Kirk, Author of The Conservative Mind

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