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Want to make some money?????

unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
edited September 2012 in A Moving Train
Buy silver.

The Federal Reserve is about to implement QE3 which in all reality is the destroying of the dollar, but there is a bright side.... SILVER!!!

During QE1 silver went up 68%, and during QE2 it rose over 80%. With our FRN's about to devalue nothing says monetary safety better than silver. Of course the value is directly relative to the weakening of the dollar but hey they've done it before so it must be fun, right?


Or if you can afford gold...
Post edited by Unknown User on

Comments

  • whygohomewhygohome Posts: 2,305
    unsung wrote:
    Buy silver.

    The Federal Reserve is about to implement QE3 which in all reality is the destroying of the dollar, but there is a bright side.... SILVER!!!

    During QE1 silver went up 68%, and during QE2 it rose over 80%. With our FRN's about to devalue nothing says monetary safety better than silver. Of course the value is directly relative to the weakening of the dollar but hey they've done it before so it must be fun, right?


    Or if you can afford gold...

    I work part-time (3-4 days a week, and I am also writing a dissertation and teaching at a university) as a commodities trader, and the silver market is very difficult to maneuver. The gold market drives me insane, so I am staying away for a while.

    I also feel though, that both markets are some sort of straw shelter (think the Three Little Pigs). I am waiting for both markets to crash, and if you don't know what you are doing....be careful.
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Never invest more than you can afford to lose.
  • brianluxbrianlux Moving through All Kinds of Terrain. Posts: 42,419
    My long-term investment strategy includes hand tools, salt, do-it-yourself books and a nice stash of whiskey and Tequila. I don't drink a whole lot of either but they don't go bad (actually, they age well) and I have enough to either trade for a few goods if it's a semi-disastrous crash or to drink if it's a major-disastrous crash.

    I do think it will be a long, slow process though. What Kunstler refers to as "The Long Emergency".
    "Pretty cookies, heart squares all around, yeah!"
    -Eddie Vedder, "Smile"

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  • hedonisthedonist Posts: 24,524
    unsung wrote:
    Never invest more than you can afford to lose.
    Truth!

    I say the same about gambling...which I suppose are pretty much the same thing.
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