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RyanAKL
Penny Pincher Member
USA
224 Posts |
 Posted - 03/03/2009 : 16:06:12
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Right now is the best time to invest in the stock market (gm shares went under two dollars yesterday) but what do you guys think, invest in the stock market right now or continue to invest in silver?
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natsb88
Administrator
USA
1850 Posts |
Posted - 03/03/2009 : 16:09:58
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I'm certainly no expert, but I think all signs point to the stock market as a whole having a ways to go yet before it bottoms. On the other hand, $2 a share is pretty cheap.
Personally, I'll stick to investing in things that are tangible  |
Nate
The Copper Cave
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/03/2009 : 16:39:50
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I was thinking about GM today. Since the goverment doesn't seem to be willing to let it fail maybe, just maybe, it might be a gamble bet right now. You say $2.00 a share? Go ahead an put me down for $2.00's worth.
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Think positive. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 03/03/2009 : 16:50:58
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I'll have to pass since I agree with Nate that the stock market has a way to go before it bottoms, and then it will take a while to get back to where it was before. Most people dont realize that the stock market crash from the last Great Depression took until about 1954 or 1955 to reach the high it had hit before it crashed starting in 1929. On top of that, stocks can literraly go to zero. Can you say the same for silver or gold?
Stocks = paper = potentially worthless
Silver/gold = tangible = never will be worthless (thousands of years of history back this up) |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/03/2009 : 17:17:20
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| stocks and shares if you pick the right ones. They have far greater scope for profit, but its about risk to reward. If you want a safer type of investment go pms as they will never be worth nothing and will probably go up especially long term |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/03/2009 : 17:35:58
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| There are undervalued stocks, I assume, that will go up at least over the short term. For example, you buy GM now at two. Let's say it goes to three by May. You just made 50% and take your profits home minus the taxes. By July GM may be worth eight or it may be bankrupt. If you get into stocks such as GM now, just don't count on holding them in your portfolio until your retirement. Also don't gamble with money you can't afford to lose. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/03/2009 : 17:53:27
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buy sound Real Estate
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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RyanAKL
Penny Pincher Member
USA
224 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/03/2009 : 18:47:00
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quote:
Originally posted by misteroman
buy sound Real Estate
The way things are going I would only buy Real Eatate that I could defend and sure I could meet the taxes on. Squatters will be breaking into vacant buildings if the SHTF. Or worse yet, ObamaNation might nationalize your buildings to house them and pay you off with worthless IOUs.
Local goverments will continue to be forced to increase Real Estate taxes just to matain basic services.
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Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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fb101
Administrator
USA
2856 Posts |
Posted - 03/03/2009 : 18:48:54
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| The CEO must be stupid enough to get a high gov't job. Did he pay his' taxes? |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 03/03/2009 : 19:55:04
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quote:
Originally posted by CoinHunter53562
I'll have to pass since I agree with Nate that the stock market has a way to go before it bottoms, and then it will take a while to get back to where it was before. Most people dont realize that the stock market crash from the last Great Depression took until about 1954 or 1955 to reach the high it had hit before it crashed starting in 1929. On top of that, stocks can literraly go to zero. Can you say the same for silver or gold?
Stocks = paper = potentially worthless
Silver/gold = tangible = never will be worthless (thousands of years of history back this up)
Coinhunter makes a very good point here!
Stockmarket has a LONG ways to go before it bottoms out! You think 6700 is bad? Just wait!!
BUY SILVER!!!!!! over stocks
Just my 2 cents |
Copper Penny Investing
www.portlandmint.com |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 03/03/2009 : 20:15:12
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Buy something, anything physical. Hell, go out and buy a gun and ammo. You might need those even more...
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Stocks or Silver?
Forum Locked
