Long Position on Silver and Gold?

[sellersm]

I'd strongly suggest keeping an eye on the imminent horizon: between now and July 20 (date of supposed huge cyber-attack on banks)!! Be ready folks, something's coming and it isn't good... Mark my words. A year from now things will be different.

[davsel]

I'd strongly suggest keeping an eye on the imminent horizon: between now and July 20 (date of supposed huge cyber-attack on banks)!! Be ready folks, something's coming and it isn't good... Mark my words. A year from now things will be different.

Link?

[roberth]

This story?

http://www.usatoday.com/story/money/...anks/23995979/

Ben Lawsky, head of New York's Department of Financial Services (DFS), said he fears a large enough hack on Wall Street firms could "spill over into the broader economy" — not unlike the mortgage meltdown of 2008.
"We are concerned that within the next decade, or perhaps sooner, we will experience an Armageddon-type cyber event that causes a significant disruption in the financial system for a period of time," Lawsky said Wednesday in a speech at Columbia Law School.

[kidicarus13]

This story?

http://www.usatoday.com/story/money/...anks/23995979/

Maybe he's just drumming up business for his new venture...


It has been a grim few years for the banks that Benjamin M. Lawsky regulates. He threatened to pull their licenses, fined them hundreds of millions of dollars and forced dozens of their employees to resign.
Now, much to Wall Street’s delight, the New York State regulator will be leaving government to start his own legal and consulting firm.

http://www.nytimes.com/2015/05/21/bu...ator.html?_r=0

[sellersm]

I have no interest in this company, but have heard interviews with the founder and it's a very intriguing idea! If I still had a 401K plan, I'd be doing this...

http://www.survival401k.com/home.html

[Irving]

Watching the market daily is a good idea for people wanting to enter the market for the first time probably; or those looking to buy more at wise times.

[kidicarus13]

Watching the market daily is a good idea for people wanting to enter the market for the first time probably; or those looking to buy more at wise times.

Don't try to time the market. Dollar-cost-averaging is the way to go for long term investing (good eye roberth)

[roberth]

Don't try to time the market. Dollar-cost-averaging is the way to go for long term investmenting.

Exactly, if you want to get in...get in, don't screw around.

I like the new word - investmenting

[davsel]

http://www.zerohedge.com/news/2015-0...1-billion-gold
Kyle Bass Was Right: Texas To Create Own Bullion Depository, Repatriate $1 Billion Of Gold

Most investors have heard Kyle Bass' rather eloquent phrase, "buying gold is just buying a put against the idiocy of the political cycle. It's that simple." However, what few may remember was his warnings in 2011, suggesting the University of Texas Investment Management Co. take delivery of its gold - as opposed to trusting it in the 'safe' hands of COMEX massively levered paper warehouse. Now, as The Star Telegram reports, Texas is going one step further with State Rep. Giovanni Capriglione asking the Legislature to create a Texas Bullion Depository, where Texas could store its gold. The goal is to create a secure facility that would allow the state to bring home more than $1 billion in gold bars that are owned by UTIMCO and are now housed at HSBC in New York.

[roberth]

Go Texas!! Smart!

http://www.khou.com/story/news/local...lity/28256929/

"We are not talking Fort Knox," Capriglione said. "But when I first announced this, I got so many emails and phone calls from people literally all over the world who said they want to store their gold … in a Texas depository.