got $100k cash in bank, what should i do? buy gold? buy euros? or what..

[Ron Paul must win]

well yesterday i was about to buy stock in a big gold mining company but it fell about 2.7% since yesterday....now im not sure what to do

im wary about buying gold, since it was about 700$ / ounce 6 months ago, now $900.. dont want to get burned if it turns out this recession/depression state was exagerated and blows over....

should i just keep it in cash as prices might depcreciate?

ohhh i dunno help please anyone lol ... wrong forum i guess also, but ehh:o

 

[Heckler]

Do what I did start buying Chinese stocks and invest in cheap real estate.

 

[ghemminger]

Euro Pacific capital - talk to Peter Schiff - tell him George from RonPaulRadio sent you

 

[mmink15]

Gold is the best proven investment, if I had money I'd put it there

 

[Johnnybags]

Buy rural farmland at auction

you can always export food to China, they will end up with all ours, we cannot afford it.

 

[Brian4Liberty]

well yesterday i was about to buy stock in a big gold mining company but it fell about 2.7% since yesterday....now im not sure what to do

im wary about buying gold, since it was about 700$ / ounce 6 months ago, now $900.. dont want to get burned if it turns out this recession/depression state was exagerated and blows over....

should i just keep it in cash as prices might depcreciate?

ohhh i dunno help please anyone lol ... wrong forum i guess also, but ehh:o

Dollar cost average. Spread it out. Moving towards gold is a good idea, but you don't want to buy at a peak either. Generally, there is usually a good buying opportunity in the warmer months...people go on vacation, forget about the economy for a while.

 

[WilliamC]

First thing, buy some investment books and read.

Second thing, keep 6 months living expenses for emergencies.

Third thing, don't invest in anything YOU don't understand.

Fourth thing, if you are really confused, well, I'll be glad to take that burden off of your hands

 

[Nicketas]

....

 

[jacmicwag]

Invest in Ron Paul. Go www.ronpaul2008.com and donate $2300 to his campaign. You will soon be a rich man.

 

[RPFP]

before you go and just spend you HD. Check out this site, www.realstockgame.com Its pretty cool. It will give you an idea on playing the stock market, with out loosing any money. Its the best stock market simulation I have found for free. If there are better ones out there ppl feel free to post them. this one runs off of the NSE and the OSE

 

[jaybone]

I would get
20K physical bullion in your own possession 50/50 gold / silver
20K gold vaulted overseas, I prefer goldmoney.com or bullionvault.com
10K cash on hand (in case internet goes down)
15K in major gold/silver producers
15K in junior producers / explorers
20K in energy - oil, uranium and CTL technology is my favorite

BUT, depending on your current fiscal situation, eliminating debt may be your best option.
Anything other than long-term fixed rate debt will be a cancer on your finances, fixed rate debt is OK as long as we are still in an inflationary environment, if deflation takes hold in the future, you really want to be out of ALL debt.

 

[davver]

As someone else said, I would talk to the Europac.net guys. With that much money you could diversify a lot.

I would hold a nominal amount of physical gold/silver just in case, but I'd invest most of it in commodity funds and foriegn companies.

 

[Tom228]

“seek out gold and sit on it.” ~ The Dragon (Grendel by John Gardner)

 

[diesirae]

Buy a house. It will provide a constant, guaranteed source of income, and is one of the best investments you can make.

Gold is highly conservative, and functions as an effective store of value. If you're looking to grow your wealth, then investment is a better method.

 

[mleclerc]

Definitely try to dollar cost average into gold.

If you look at the gold price over the last five years, it rarely dips below the 50 day moving average. If considering a purchase of more than a few ounces, I'd watch closely for the next dip as the 50 DMA is currently down around $825.

Keep in mind if the Fed cuts by .5 percent at the next meeting, gold could quickly run to $1000+, but if the Dow keeps dropping between now and then, people will sell gold if they get margin calls, (This was happening more last August), and it would present a good few days' buy opportunity.

I would also consider silver, but keep in mind it is much more volitile, yet currently very underpriced.

Kitco.com is a great place to start learning. There are some very experienced traders and investors that populate their gold and silver forums. Like other mentioned here, I highly recommend that you understand the precious metals market regarding its manipulation before investing!

 

[jenninlouisiana]

Give it to Llepard and let him invest it for you.

 

[pdavis]

Diversify!
Property
Gold
Silver
Treasury Notes
Stocks & Mutual Funds
Bonds
Cash
Guns & ammo

In case there is a recession or a depression you will be covered, and if not you will most likely be financially sound.

 

[diesirae]

Diversify!
Property
Gold
Silver
Treasury Notes
Stocks & Mutual Funds
Bonds
Cash
Guns & ammo

In case there is a recession or a depression you will be covered, and if not you will most likely be financially sound.

I don't think guns and ammo or cash are a very sound investment, unless you're talking a "Mad Max" scenario. And even then, cash is a bad one.

 

[fx57]

My guess is gold will peak at $5000/oz, the FED will crank up interest rates to 20%, gold will settle down to $2000/oz for a little while, then rise again into the stratosphere as the dollar collapses.

http://www.bullandbearwise.com/GoldOverlayChart.asp

The difference between now and 1980 is that back then interest rates were already high when gold spiked. Now they are at 4% and the FED will be hesitant to crank rates up since that will kill the stock market and cause massive foreclosures on ARM'd homeowners.

With the national debt as high as it is now how will the govt pay for the increase in interest on the debt? Higher taxes (unlikely) or print more money (likely).

All the owners of dollars overseas are going to want to get rid of them once they see their value plummeting faster than the interest they earn. When nobody wants to buy treasury notes any more the national debt will move away from private hands into the FED causing massive expansion of the money supply.

I'm interested to see how the FED will get out of this one.

I just hope people have enough sense after the dollar collapses to make the new currency unit be a unit of gold weight instead of a fiat Amero.

 

[Original_Intent]

Look for a bargain rental property.

All the people with foreclosed homes are going to have to live somewhere.