Comments on: Wow! Markets are getting killed.

By: Moneymonk

Moneymonk — Wed, 15 Oct 2008 21:26:51 +0000

I agree with with Mike- 5 yr minumum until I can think about selling my home. I stuck in suburbia!

By: The Survivalist

The Survivalist — Sun, 12 Oct 2008 16:30:50 +0000

Best to look at buying PHYSICAL gold and silver.
Talked to the rep that I buy from at a major precious metals dealer. He said they have not had any 100 oz. bars of silver to sell for two weeks. Physical silver supply is tight.

If you buy know, ask when delivery is. May be 4 to 6 months out. Best to pay premium and get it upfront and take delivery know.

The days of gold and silver are back. Bye, bye paper fiat money!

By: Chris

Chris — Sat, 11 Oct 2008 18:26:36 +0000

Can you believe that everything save for shorts and USD are getting whacked (even gold is off its high although it has held steady and a bit rising)?

I thought I was conservative in investment (I mainly stayed out of the stock market) and yet I’m still down about 9% this year. But then I look at other folks that are down more than 30% and think to myself…whew!

I think 7000 would probably be the bottom but it’ll probably float between 7k and 8.5k for awhile and probably won’t see 10k for another couple of years as fundamentals (i.e. quarterly reports) are not going to look good for the next several years. Again, just my speculation.

By: Mike

Mike — Sat, 11 Oct 2008 01:32:58 +0000

Well, a new study for the Bay Area by Beacon Economics says that it will be at least 4 years for Cali real estate to recover. So, we’re stuck here for 5 years at minumum…. They also quoted that unemployment will peak at 10%????!!!!! WTF??? Hard to believe…