lino
- 2,637
- 263
That's just not true if we're being real about it. Stocks are certainly real. They can really make you boatloads of money. You're right that it doesn't make sense to buy stocks if you don't understand that system, though. Even though it seems intangible, if you own enough stock in a company--you actually get to help that company make business decisions, that's part of what buying a stake gets you. So yes, it does give you something very real. It's just that buying 10 shares here and 20 shares there doesn't really compare with things on that larger scale.
The stock market isn't being propped up strictly speaking. The strength of the US economy as a whole is being propped up, and if that bottoms out it will take Wall Stree with it. Same result, same scary consequences--but slightly different reason.
Yes but the type of stuff they make with gold silver and copper is not the type of stuff that you're going to need a lot of if everything hits the fan. If you invest in gold at the high price its at now, if shit hits the fan you'll lose like 85% of the value of whatever gold you have. That money would be better spent on stuff that will keep you safe and breathing.
Being Prepped for SHTF is very important..1st on the list.Yes but the type of stuff they make with gold silver and copper is not the type of stuff that you're going to need a lot of if everything hits the fan. If you invest in gold at the high price its at now, if shit hits the fan you'll lose like 85% of the value of whatever gold you have. That money would be better spent on stuff that will keep you safe and breathing.
You think buying stocks is money better spent than paying off your student loans?
I never looked at it like that.... got me thinking...Also worth mentioning, because no interest accrues on my debt while I'm in school--I'd say turning over a $9,000 profit over the space of 4 months is pretty damn good versus the 0% interest I've accrued during that time.
I figure If I'm going to owe all this fucking money by the time I get my degree, I might as well make some of the money I borrow work for me.I never looked at it like that.... got me thinking...
It depends on growth rate on the stock versus interest rate on the debt. Didn't you just say you knew how this all works?
The point I'm making is that Gold is good when the stock market is doing poorly--but if the stock market is doing fuck all (ie it crashes and burns) and we're having actual CIVIL unrest versus only financial unrest, gold will be worthless by comparison to the price it's at now.
What I'm saying is that gold is a safe investment until it isn't--at which point it becomes an absolutely horrible investment.
Also worth mentioning, because no interest accrues on my debt while I'm in school--I'd say turning over a $9,000 profit over the space of 4 months is pretty damn good versus the 0% interest I've accrued during that time.
Bit coins? o_OAlso worth mentioning, because no interest accrues on my debt while I'm in school--I'd say turning over a $9,000 profit over the space of 4 months is pretty damn good versus the 0% interest I've accrued during that time.
I didn't realize you were not paying interest.... that's pretty impressive gains....is that after taxes?
Bit coins? o_O
You better sell!
Dont know for fact, but I was reading that YES, as money shifting as we speak to gold, banks cash supply dwindles physically KINDA (but they print more) and worse the value drops at the same time.Are the banks feeling this yet I'm sure people are pulling more and more money out right....I feel as though shit has hit the fan and it's raining shit......:nailbiting:
Very Nice!Cleared the rest of my BTC positions earlier today. Made a killing in this market, and I probably will again.
Do you think there is any chance of Bitcoins making a come back when xMas arrives. Some are saying Online xMas purchases are going to exceed store purchases this year and that BitCoins might make a name for themselves as new Bitcoin sites emerge, I'm not sold on that yet,,,Cleared the rest of my BTC positions earlier today. Made a killing in this market, and I probably will again.
Do you think there is any chance of Bitcoins making a come back when xMas arrives. Some are saying Online xMas purchases are going to exceed store purchases this year and that BitCoins might make a name for themselves as new Bitcoin sites emerge, I'm not sold on that yet,,,
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?