Page 1 of 3
Going to BE UGLY
Posted: Mon Aug 08, 2011 6:31 am
by juliodux
Our new debt rating, ecomony that is flat lined, and gold at prices never seen before. 59 minutes and counting.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 7:10 am
by Gant
It is already ugly and getting worse. I just hope they find a bottom soon. I am getting tired of losing money everyday in this market.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 7:18 am
by Don Miller
If they cut farm subsidies like expected, get ready for food cost to double.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 7:32 am
by donia
Don Miller wrote:If they cut farm subsidies like expected, get ready for food cost to double.
...at least.
forgive them, Lord, for they know not what they do.....and if they do, Lord, please smite them!
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 8:04 am
by turkeyman
Why would you think gold would go down. With this down grade no one wants to take our money but they will jump all over gold. It's something that will never not be worth anything. Gold is up today. There are a few stocks that you can buy on the down market and make money one being EDZ and another being SRS both go against the
Market Look them up. But gold is always good to have
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 8:08 am
by Smoke68
turkeyman wrote:But gold is always good to have
I agree. Except for when the price of it plummets like a rock, and it will. Then it's not so great to have.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 8:12 am
by LawDawg
gold's up 33.00 an ounce.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 8:24 am
by turkeyman
I agree. Except for when the price of it plummets like a rock, and it will. Then it's not so great to have.[/quote]
I strongly disagree. It's the only thing worth anything.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 8:43 am
by LawDawg
Buy silver now. I will say it again. Buy silver now. You're welcome.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 9:05 am
by iron grip
Out of curiosity, what silver would you guys buy? Coins? Stock? ??
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 9:06 am
by deltadukman
question. When the market tanks, like it probably will, if your left with gold, whats it good for? And who's gonna buy it from you? I have a feeling this is going to get rough.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 9:12 am
by donia
...this is just me thinking (look out!), but i'm thinking that gold/silver will have value until the SHTF...then it will be water, food, fuels, etc that keep you alive and objects used to stay alive. you could always make silver bullets for the zombies and warewolves, but other than that....when SHTF, malliable metals are just that - malliable to fit a form, not a dollar amount.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 9:22 am
by turkeyman
deltadukman wrote:question. When the market tanks, like it probably will, if your left with gold, whats it good for? And who's gonna buy it from you? I have a feeling this is going to get rough.
Golds gonna be good for everything It's gonna buy your twinkies.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 9:33 am
by deltadukman
turkeyman wrote:deltadukman wrote:question. When the market tanks, like it probably will, if your left with gold, whats it good for? And who's gonna buy it from you? I have a feeling this is going to get rough.
Golds gonna be good for everything It's gonna buy your twinkies.
I dont eat twinkies b!tch! When the SHTF...honestly, I'm gonna trade food, for guns, ammo, gas, water, and stuff like that.
Re: Going to BE UGLY
Posted: Mon Aug 08, 2011 9:48 am
by Gant
All of this will work out. This is a product of the institutional investors manipulating the markets for their gain. The s&p will probably be around 1350 by the end of the year. Everybody will feel good again just in time for the big boys to short the market and bring it back down. Then the cycle will start over again.