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sobmaz
ParticipantBUYERWILLIE
I happen to know that many of the fools who bought houses they could not afford were from the Baby Bust Generation and the Xer Generation.
I also happen to know that Big Business has bought and paid for our Politicians and snap their fingers to get what they want.
Instead of attacking the problems that come from Washinton you want to create a we/vs them war amongst the public?
If that is the case could you let me know which side I am on? I was born late in 1962, some times I read that makes me a Xer and others a Boomer.
I would really hate to take up pitchforks against the Boomers if it turns out I am one of them. Either way the Lobbyist who control Washinton will be laughing at how the public once again is preoccupied with barking up the wrong tree.
How many Xers and Busters in Congress voted for this crap?
October 21, 2009 at 5:41 PM in reply to: If you believe in the stock market buble, where do you park your money? #471936ParticipantI am a big time advocate of Gold but we need to be resonable here.
Someone just suggested you withdraw your money and take a 50% penalty, that is nuts!
If you no longer work for the company where the 401K was accumulated, you can convert it to an IRA account and have much more choice.
If you are still with the employer your choices are limited.
If I were you I would take at least 50% out of the stock funds and keep it on the sidelines.
Now keep in mind that Gold rises because of the falling confidence in the dollar as a vehicle for storing ones wealth. Ones wealth could be stored in stocks also. Investing in foreign stocks is an added bonus because when the dollar falls you make that much more.
It is quite likely much of your “gain” is simply from the dollar falling and not necessarily from the actual foreign stocks rising, although it would really depend, you would need to read up on that.
Odds are the dollar is not going to have any major rallies.
Keep your money in the 401K, pull some out of stocks before Christmas (the FED will do anything and everything to keep people in the spending mood for Christmas so they will pull out all the stops to keep markets at least stable up till Christmas).
Again, if you can’t invest in Gold, the next best thing is any commodity so check for funds in your 401K that may invest in oil or lumber, anything like that.
Long term the value of the dollar will be less and less. Less compared to foreign currencies and less compared to what it use to buy.
When the market does correct (I think right after Christmas it will tank, but before the new year…..MY OPINION ONLY) don’t make the mistake and stay out too long.
October 21, 2009 at 5:41 PM in reply to: If you believe in the stock market buble, where do you park your money? #472116ParticipantI am a big time advocate of Gold but we need to be resonable here.
Someone just suggested you withdraw your money and take a 50% penalty, that is nuts!
If you no longer work for the company where the 401K was accumulated, you can convert it to an IRA account and have much more choice.
If you are still with the employer your choices are limited.
If I were you I would take at least 50% out of the stock funds and keep it on the sidelines.
Now keep in mind that Gold rises because of the falling confidence in the dollar as a vehicle for storing ones wealth. Ones wealth could be stored in stocks also. Investing in foreign stocks is an added bonus because when the dollar falls you make that much more.
It is quite likely much of your “gain” is simply from the dollar falling and not necessarily from the actual foreign stocks rising, although it would really depend, you would need to read up on that.
Odds are the dollar is not going to have any major rallies.
Keep your money in the 401K, pull some out of stocks before Christmas (the FED will do anything and everything to keep people in the spending mood for Christmas so they will pull out all the stops to keep markets at least stable up till Christmas).
Again, if you can’t invest in Gold, the next best thing is any commodity so check for funds in your 401K that may invest in oil or lumber, anything like that.
Long term the value of the dollar will be less and less. Less compared to foreign currencies and less compared to what it use to buy.
When the market does correct (I think right after Christmas it will tank, but before the new year…..MY OPINION ONLY) don’t make the mistake and stay out too long.
October 21, 2009 at 5:41 PM in reply to: If you believe in the stock market buble, where do you park your money? #472474ParticipantI am a big time advocate of Gold but we need to be resonable here.
Someone just suggested you withdraw your money and take a 50% penalty, that is nuts!
If you no longer work for the company where the 401K was accumulated, you can convert it to an IRA account and have much more choice.
If you are still with the employer your choices are limited.
If I were you I would take at least 50% out of the stock funds and keep it on the sidelines.
Now keep in mind that Gold rises because of the falling confidence in the dollar as a vehicle for storing ones wealth. Ones wealth could be stored in stocks also. Investing in foreign stocks is an added bonus because when the dollar falls you make that much more.
It is quite likely much of your “gain” is simply from the dollar falling and not necessarily from the actual foreign stocks rising, although it would really depend, you would need to read up on that.
Odds are the dollar is not going to have any major rallies.
Keep your money in the 401K, pull some out of stocks before Christmas (the FED will do anything and everything to keep people in the spending mood for Christmas so they will pull out all the stops to keep markets at least stable up till Christmas).
Again, if you can’t invest in Gold, the next best thing is any commodity so check for funds in your 401K that may invest in oil or lumber, anything like that.
Long term the value of the dollar will be less and less. Less compared to foreign currencies and less compared to what it use to buy.
When the market does correct (I think right after Christmas it will tank, but before the new year…..MY OPINION ONLY) don’t make the mistake and stay out too long.
October 21, 2009 at 5:41 PM in reply to: If you believe in the stock market buble, where do you park your money? #472551ParticipantI am a big time advocate of Gold but we need to be resonable here.
Someone just suggested you withdraw your money and take a 50% penalty, that is nuts!
If you no longer work for the company where the 401K was accumulated, you can convert it to an IRA account and have much more choice.
If you are still with the employer your choices are limited.
If I were you I would take at least 50% out of the stock funds and keep it on the sidelines.
Now keep in mind that Gold rises because of the falling confidence in the dollar as a vehicle for storing ones wealth. Ones wealth could be stored in stocks also. Investing in foreign stocks is an added bonus because when the dollar falls you make that much more.
It is quite likely much of your “gain” is simply from the dollar falling and not necessarily from the actual foreign stocks rising, although it would really depend, you would need to read up on that.
Odds are the dollar is not going to have any major rallies.
Keep your money in the 401K, pull some out of stocks before Christmas (the FED will do anything and everything to keep people in the spending mood for Christmas so they will pull out all the stops to keep markets at least stable up till Christmas).
Again, if you can’t invest in Gold, the next best thing is any commodity so check for funds in your 401K that may invest in oil or lumber, anything like that.
Long term the value of the dollar will be less and less. Less compared to foreign currencies and less compared to what it use to buy.
When the market does correct (I think right after Christmas it will tank, but before the new year…..MY OPINION ONLY) don’t make the mistake and stay out too long.
October 21, 2009 at 5:41 PM in reply to: If you believe in the stock market buble, where do you park your money? #472774ParticipantI am a big time advocate of Gold but we need to be resonable here.
Someone just suggested you withdraw your money and take a 50% penalty, that is nuts!
If you no longer work for the company where the 401K was accumulated, you can convert it to an IRA account and have much more choice.
If you are still with the employer your choices are limited.
If I were you I would take at least 50% out of the stock funds and keep it on the sidelines.
Now keep in mind that Gold rises because of the falling confidence in the dollar as a vehicle for storing ones wealth. Ones wealth could be stored in stocks also. Investing in foreign stocks is an added bonus because when the dollar falls you make that much more.
It is quite likely much of your “gain” is simply from the dollar falling and not necessarily from the actual foreign stocks rising, although it would really depend, you would need to read up on that.
Odds are the dollar is not going to have any major rallies.
Keep your money in the 401K, pull some out of stocks before Christmas (the FED will do anything and everything to keep people in the spending mood for Christmas so they will pull out all the stops to keep markets at least stable up till Christmas).
Again, if you can’t invest in Gold, the next best thing is any commodity so check for funds in your 401K that may invest in oil or lumber, anything like that.
Long term the value of the dollar will be less and less. Less compared to foreign currencies and less compared to what it use to buy.
When the market does correct (I think right after Christmas it will tank, but before the new year…..MY OPINION ONLY) don’t make the mistake and stay out too long.
ParticipantGOLD AND ECONOMIC FREEDOM…………..
http://www.321gold.com/fed/greenspan/1966.html
This article written by Alan Greenspan in 1966 was printed well before Greenspan entered politics. He could actually say what he thought, of course that all ended a few years later.
His essay was reprinted at the above link but you can easily validate the essay, it was written by Greenspan.
ParticipantGOLD AND ECONOMIC FREEDOM…………..
http://www.321gold.com/fed/greenspan/1966.html
This article written by Alan Greenspan in 1966 was printed well before Greenspan entered politics. He could actually say what he thought, of course that all ended a few years later.
His essay was reprinted at the above link but you can easily validate the essay, it was written by Greenspan.
ParticipantGOLD AND ECONOMIC FREEDOM…………..
http://www.321gold.com/fed/greenspan/1966.html
This article written by Alan Greenspan in 1966 was printed well before Greenspan entered politics. He could actually say what he thought, of course that all ended a few years later.
His essay was reprinted at the above link but you can easily validate the essay, it was written by Greenspan.
ParticipantGOLD AND ECONOMIC FREEDOM…………..
http://www.321gold.com/fed/greenspan/1966.html
This article written by Alan Greenspan in 1966 was printed well before Greenspan entered politics. He could actually say what he thought, of course that all ended a few years later.
His essay was reprinted at the above link but you can easily validate the essay, it was written by Greenspan.
ParticipantGOLD AND ECONOMIC FREEDOM…………..
http://www.321gold.com/fed/greenspan/1966.html
This article written by Alan Greenspan in 1966 was printed well before Greenspan entered politics. He could actually say what he thought, of course that all ended a few years later.
His essay was reprinted at the above link but you can easily validate the essay, it was written by Greenspan.
ParticipantGold Bugs are way way way over bullish…..a major sell signal.
The General public have very little if any Gold and what Gold they do have they run to “Cash 4 Gold” centers.
The General INVESTING public is convinced gold is a bubble, ready to pop.
Gold bugs led the bull market the last 9 years, when Bugs were too bullish, Gold plunged and when too bearish, Gold surged.
Gold “BUG” means someone who understands the nature of Gold. Understands that it was once a currency, not because it is “pretty” but because it was of limited supply and therefor always had value due to scarcity. Gold “BUGS” are people who understand that the U.S. dollar is just as good Gold, if only the Dollar was of equal limited supply and scarcity.
“Bugs” know that new Gold is mined, ever increasing the supply, at a rate of about an additional 2% a year. “BUGS” know that Dollars could be made just as scarce as Gold and therefore the Dollar would be preferable for storing wealth and commerce.
“BUGS” know that the scarcity issue is of the utmost importance. If Gold could be made at will, it would plunge in value. “BUGS” know that for the Dollar to be equal to Gold, the Dollar must be scarce.
We are now at the point that every “BUG” knows that Central Banks are printing money at ever increasing rates, especially the United States. If Dollars can be printed at will, free of charge, how exactly is there any scarcity in the equation?
Bugs are nearly all bullish and who will take the bull market forward? The Public that knows nothing of Gold will.
Boomers have saved their entire lives for retirement and now that it approaches the interest earnings on their savings are rapidly approaching ZIP. The choice is their life savings earning ZIP or risking it in the stock market, bonds (which you can lose money on if rates rise) or real estate.
The very politicians in Washington, both Democrat and Republican, who are bought and paid for by big business and their lobbyists are the responsible party for keeping the U.S. Dollar scarce, along with the FED.
“BUGS” are 100% bullish because they understand the issues revolving around the worlds reserve currency, the Dollar, and have for quite some time but have never seen the irresponsibility of Washington at these levels.
“BUGS” are fully invested, they will not carry this Golden Bull forward, the public, as they learn the hard way, will carry the Bull from this point.
If the FED ever had to raise rates to 10% to defend the dollar or combat inflation this country would implode. Our Government would need to spend 1.5 trillion a year on interest payments alone! Of course no one cares because “Deflation”, according to the FED, is the problem.
(you’all hear tuitions at public universities went up 6.5% last year? How about your medical costs? Insurance costs? Hair cuts? )
What will send Gold to the thousands will be unlimited dollars that “earn” nothing unless they are risked in the stock market or real estate. The days of wealth preservation in the dollar are gone, the days of gambling with the next bubble are here.
ParticipantGold Bugs are way way way over bullish…..a major sell signal.
The General public have very little if any Gold and what Gold they do have they run to “Cash 4 Gold” centers.
The General INVESTING public is convinced gold is a bubble, ready to pop.
Gold bugs led the bull market the last 9 years, when Bugs were too bullish, Gold plunged and when too bearish, Gold surged.
Gold “BUG” means someone who understands the nature of Gold. Understands that it was once a currency, not because it is “pretty” but because it was of limited supply and therefor always had value due to scarcity. Gold “BUGS” are people who understand that the U.S. dollar is just as good Gold, if only the Dollar was of equal limited supply and scarcity.
“Bugs” know that new Gold is mined, ever increasing the supply, at a rate of about an additional 2% a year. “BUGS” know that Dollars could be made just as scarce as Gold and therefore the Dollar would be preferable for storing wealth and commerce.
“BUGS” know that the scarcity issue is of the utmost importance. If Gold could be made at will, it would plunge in value. “BUGS” know that for the Dollar to be equal to Gold, the Dollar must be scarce.
We are now at the point that every “BUG” knows that Central Banks are printing money at ever increasing rates, especially the United States. If Dollars can be printed at will, free of charge, how exactly is there any scarcity in the equation?
Bugs are nearly all bullish and who will take the bull market forward? The Public that knows nothing of Gold will.
Boomers have saved their entire lives for retirement and now that it approaches the interest earnings on their savings are rapidly approaching ZIP. The choice is their life savings earning ZIP or risking it in the stock market, bonds (which you can lose money on if rates rise) or real estate.
The very politicians in Washington, both Democrat and Republican, who are bought and paid for by big business and their lobbyists are the responsible party for keeping the U.S. Dollar scarce, along with the FED.
“BUGS” are 100% bullish because they understand the issues revolving around the worlds reserve currency, the Dollar, and have for quite some time but have never seen the irresponsibility of Washington at these levels.
“BUGS” are fully invested, they will not carry this Golden Bull forward, the public, as they learn the hard way, will carry the Bull from this point.
If the FED ever had to raise rates to 10% to defend the dollar or combat inflation this country would implode. Our Government would need to spend 1.5 trillion a year on interest payments alone! Of course no one cares because “Deflation”, according to the FED, is the problem.
(you’all hear tuitions at public universities went up 6.5% last year? How about your medical costs? Insurance costs? Hair cuts? )
What will send Gold to the thousands will be unlimited dollars that “earn” nothing unless they are risked in the stock market or real estate. The days of wealth preservation in the dollar are gone, the days of gambling with the next bubble are here.
ParticipantGold Bugs are way way way over bullish…..a major sell signal.
The General public have very little if any Gold and what Gold they do have they run to “Cash 4 Gold” centers.
The General INVESTING public is convinced gold is a bubble, ready to pop.
Gold bugs led the bull market the last 9 years, when Bugs were too bullish, Gold plunged and when too bearish, Gold surged.
Gold “BUG” means someone who understands the nature of Gold. Understands that it was once a currency, not because it is “pretty” but because it was of limited supply and therefor always had value due to scarcity. Gold “BUGS” are people who understand that the U.S. dollar is just as good Gold, if only the Dollar was of equal limited supply and scarcity.
“Bugs” know that new Gold is mined, ever increasing the supply, at a rate of about an additional 2% a year. “BUGS” know that Dollars could be made just as scarce as Gold and therefore the Dollar would be preferable for storing wealth and commerce.
“BUGS” know that the scarcity issue is of the utmost importance. If Gold could be made at will, it would plunge in value. “BUGS” know that for the Dollar to be equal to Gold, the Dollar must be scarce.
We are now at the point that every “BUG” knows that Central Banks are printing money at ever increasing rates, especially the United States. If Dollars can be printed at will, free of charge, how exactly is there any scarcity in the equation?
Bugs are nearly all bullish and who will take the bull market forward? The Public that knows nothing of Gold will.
Boomers have saved their entire lives for retirement and now that it approaches the interest earnings on their savings are rapidly approaching ZIP. The choice is their life savings earning ZIP or risking it in the stock market, bonds (which you can lose money on if rates rise) or real estate.
The very politicians in Washington, both Democrat and Republican, who are bought and paid for by big business and their lobbyists are the responsible party for keeping the U.S. Dollar scarce, along with the FED.
“BUGS” are 100% bullish because they understand the issues revolving around the worlds reserve currency, the Dollar, and have for quite some time but have never seen the irresponsibility of Washington at these levels.
“BUGS” are fully invested, they will not carry this Golden Bull forward, the public, as they learn the hard way, will carry the Bull from this point.
If the FED ever had to raise rates to 10% to defend the dollar or combat inflation this country would implode. Our Government would need to spend 1.5 trillion a year on interest payments alone! Of course no one cares because “Deflation”, according to the FED, is the problem.
(you’all hear tuitions at public universities went up 6.5% last year? How about your medical costs? Insurance costs? Hair cuts? )
What will send Gold to the thousands will be unlimited dollars that “earn” nothing unless they are risked in the stock market or real estate. The days of wealth preservation in the dollar are gone, the days of gambling with the next bubble are here.
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