Pulling Out of the Market Tomorrow....

[quickmike]

Invest in foreign currencies, gold, anything tangible that will go up in value as the dollar falls.

 

[mstrmac1]

Where is a established place to by gold??

 

[Devil_rules_in_extremes]

Where is a established place to by gold??

Your local coin dealer.

Buy silver or gold in one troy ounce rounds.

 

[Highstreet]

gold, silver, ammo, food, and water... the only sound investments right now.

This is the same for me.

The Stock market is for fools. I applaud the OP for taking his money out. Be sure to do it at 8:00AM SHARP, as it is set to take a $500 hit.

Even when the Stock Market was pulling in 10% annually, that was nothing compared to the 30% I am doing with Gold. And if you aren't beating the 12% Inflation then you are losing money in the stock market.

 

[Highstreet]

Where is a established place to by gold??

The only other place if you don't have a local coin/ jewelry dealer is some online companies. Only the ones that mail you the actual coin, and make sure you talk to some financial friends you trust to find a reputable company. Don't take anyone's word for it on an internet forum.

 

[Highstreet]

Invest in foreign currencies, gold, anything tangible that will go up in value as the dollar falls.

I wouldn't invest in any foreign currencies. They will take hits just as much as us when this all goes down.

 

[torchbearer]

Peter Schiff, Euro Pacific. Invest in the european stock market would shield you from a dollar collapse.

 

[DAFTEK]

I put all my 401 money in a stable account last week. A guy I work with lost 50k last week in his 401

Yes but he still has the same amount of shares, just less value for now, but 5 years from now those stocks still go up! Just do your 401k homework, this is the time to buy those cheap stocks! Dont look at the $ price but look at the amount of shares u own. If im wrong someone correct me please, im no expert but thats just common sens?

 

[tsetsefly]

there is a stock, UDN if im not mistaken that is pegged to how bad teh dollar does, if dollar goes down you want to own that stock... I will buy some gold and silver related stocks, keep my energy companies I have made 200% on one, after that moving the rest to gold and silver, and will see if I have anything left to exchange for foreign currency...

 

[mstrmac1]

I wouldn't invest in any foreign currencies. They will take hits just as much as us when this all goes down.

what about Bonds??

 

[tsetsefly]

Peter Schiff, Euro Pacific. Invest in the european stock market would shield you from a dollar collapse.

I am almost 100% in agreement with Schiff, but i think he slightly underestimates the value of the US to the world, if we go through recession everyone feels it...

but yeah rght now its anything but dollars, stocks (most not all) etc.

 

[legion]

Buy US REIT and investment banks.

 

[torchbearer]

I am almost 100% in agreement with Schiff, but i think he slightly underestimates the value of the US to the world, if we go through recession everyone feels it...

but yeah rght now its anything but dollars, stocks (most not all) etc.

He mentioned European Utilities in particular...

 

[Mark]

Where is a established place to by gold??

http://www.midasresources.com/Products.htm

 

[NCMarc]

I had a 401K from an older job worth about $14k and it dropped to around $12.5k so last week I decided to dump the funds and put it into a liquid asset fund (basically cash) but still in the 401k.

All I can say is THANK GOD because it would have been worth about $11K tomorrow based on what I'm seeing. I even had the funds in international because I know our stuff here ain't worth crap.

I wish there was a real way to get that 401k money into metals without the tax penalty. But not paper metals, I want the ones I can hold in my hand, but the only way to do that is take the 30% tax loss and sell which I'd rather not do right now.

 

[Johnnybags]

Bonds will decouple from the market soon

Interest rates on US notes are being artificially driven lower by fear, as cash needs to be raised bonds will sell off sharply. The voracious appetite from our government competing with all the current long term financing due this year from companies will cause rates to soar. Many companies will end up issuing preferred due to lack of availability for debt, diluting common shareholders further. Stay out of companies with long term debt due anytime soon. Gold and oil will fall initially as well. Believe it or not, get ready to buy the panic sales on days like these and trade them for quick profits. In 1987 some companies had more cash on the books than their market value making them a steal. Buy cash rich, debt free companies near or under book value for trades. The vultures jump in quick.

 

[webaform]

I believe Daftek is correct. Many people fail to meet historical returns because they try to pull out before a down and then put in before a rise. You would have to sell tomorrow if you think it will fall, and then you would have to know when to buy back in. You will most likely take some loss during the sale, and you will most likely lose some gains trying to get back in at the right time.

If you continue the behavior of selling on a down and buying on an up, it is more likely that you will shave lots of points off the historical returns rather than boost them.

For most humans it is much easier to leave in for the long haul to capture the historical returns. If the capital losses cause you to freak out, it may be safer on your sanity to stay out of stocks.

Personally, I would freak out if I had to try to time the market without having some secret information that I knew was going to come out. Everyone already knows the market is volatile right now. It is no big secret.

 

[mstrmac1]

I believe Daftek is correct. Many people fail to meet historical returns because they try to pull out before a down and then put in before a rise. You would have to sell tomorrow if you think it will fall, and then you would have to know when to buy back in. You will most likely take some loss during the sale, and you will most likely lose some gains trying to get back in at the right time.

If you continue the behavior of selling on a down and buying on an up, it is more likely that you will shave lots of points off the historical returns rather than boost them.

For most humans it is much easier to leave in for the long haul to capture the historical returns. If the capital losses cause you to freak out, it may be safer on your sanity to stay out of stocks.

Personally, I would freak out if I had to try to time the market without having some secret information that I knew was going to come out. Everyone already knows the market is volatile right now. It is no big secret.

Problem is... some of the stocks are on margin!

 

[webaform]

Margin? sweet, lol, that's what probably causes the gold selling instead of buying...people selling gold to cover their margin

I'm not a speculator. That's a different story.

 

[rightobeleftalone]

The editor of Lewrockwell.com is Burt Blumert. He owns Camino Coin in Burlingame CA. He is a most honest man and will deal with you fairly. I have bought gold and silver from him for years.