[quote=socrattt][quote=IONEGARM]Congrats, that is the worst idea I have heard today.
But I have hope, the day isn’t over yet.[/quote]
Let me guess you are waiting for your bailout and your mind never crossed the path of free thinking.
To all others who actually replied to my post with a common sense approach I appreciate it. My situation is a bit different than most. I do have hundreds of thousands of dollars to tap into as far as credit cards are concerned. I have a large amount of cash and my plan is to still pay the debt off within 1-2 years. I am not doing anything more than putting my monthly debt on cards. Obviously I can’t use credit cards for everything.
I know we haven’t hit hyper inflation quite yet, but I am betting that things will be changing within 2-3 months. Again, I am taking into consideration that I may be paying 15%-20%, but there is a great chance commodities will continue to increase and an even better chance that the dollar will devalue.
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You are betting a lot on one outcome and paying for the privilege to do it. It is quite simply stupid.
Investors don’t think like that, gamblers do.
If you really think of commodities as an invesmtment maybe you can let me know their earnings and dividend yield? What, there is none? So your complete bet (and it is a bet, not an investment) is a one way movement in price? You don’t even begin to understand the depths of the dynamics and yet you want to leverage up some high cost debt because you “feel” the time is right.
Congrats, you win for the day. You might even win for the month.
But by all means, dive right in, be sure to keep us well informed of your purchases and borrowings.
