plove
Hired Hand
Posts: 227
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Post by plove on Sept 21, 2011 22:16:44 GMT -5
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Post by looter on Sept 22, 2011 12:20:02 GMT -5
I think Valentine's Day will be the low. Crude with a 5 handle by then. My hopes are for $20 silver. Then its buy with both hands cuz its off to severe inflation starting in Feb. I expect credit portion of money supply (which is most of it) to evaporate between now and Feb.
I base this on nothing except the same gut instinct that's plagued me for months. Drunken Lodger, its down you go....
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plove
Hired Hand
Posts: 227
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Post by plove on Sept 22, 2011 12:53:15 GMT -5
Well, I hope you are right about Valentine's Day, but wrong about $20 silver.
Silver is off $4 today, which pretty well ruins my pre-supper prayer meeting with Uncle Jin.
I look to buy the Dow with an oz of gold one of these days. Say around 3,000.
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Post by feelnrite on Sept 24, 2011 21:57:21 GMT -5
If you had some mutual funds you were up barely on now what would you do? I have owned them for about 12 years. This crap is starting to worry me now.   |
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Post by linsal on Sept 25, 2011 15:43:22 GMT -5
now dont be blasting debt in general... there is good debt and bad debt. obviously you should never have bad debt unless you are financially very well off and.... well then you should just pay in cash anyways.. but good debt which will pay itself off over time and increase your equity, income, and stability... that is good no matter what time as long as you are not over leveraged. I agree with the idea that there is good debt and bad debt. In my ideal world, good debt has an interest rate which is less than the ROI that the asset is generating. Bad debt is the opposite---the interest rate on the debt is higher than the ROI being generated. Good debt can turn into bad debt if ROI drops (for whatever reason) or if interest rates go up. |
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