How to survive; 2008 - 2009

[Woof]

Congratulation, ThatGuyWho! I'll start paying more attention to the guy with the forgettable name.

I still think it's good to have a LITTLE gold or silver, not as an investment but simply a preserver of some capital if we get hit by hyperinflation or some other economic catastrophe.

[Thatguywho]

I am sitting here with a scotttrade account ready to go...but not ready to get in yet. And am looking for a currency/commodity guy too, but not yet.

I think two things are gonna happen once the great bailout thing is done..

1) gold and silver will just keep falling down into oblivion, slowly but surely (which is when I will buy some)

2) with 10 trillion being thrown to the wind in the USA alone, it reminds me of what happened before the stock crash of 1929.... land bust, banks failed, money was lent to banks or 'granted' to them en masse. Caused a huge speculation bubble in stocks as that money was put into play with low margin loans....and then the real crash happened.

so...either it will slowly go down or go up crazy and crash horribly. At least I think so.....

problem is...if you buy gold at a really low price after a crash it might stay down there for 10 years or so....yikes for long term investing.

[HappyTexan]

Thatguywho..I agree with you on #2. It's eerie how similar this is to the Great Depression events.
I've got some money too sitting waiting for this next leg up..speculation of course, not long term investing. I'm following some financial sites that are tracking this too. They are recommending if you are going to jump into the next bear rally to also enter a stop loss order in case you miss the drop.

I've never been into buying gold but I might invest (yes I said invest) in a gold mining company next time the market plummets.