Apple
- Thread starter kneifl
- Start date
S&P crosses 1500 briefly this morning. The all time high is 1565. We will take out the old highs as the world is flush with cash. Hell, even Japan joined the printing party recently. All this liquidity is being spent on stocks while world economies deteriorate. Bernanke has to print 1.2 trillion a year to keep the wheels from falling off the U.S. economy. Yeah, we'll take out the old highs and your 401k's will be fat, but the Black Swan is lurking and will rear her ugly head and down we go HARD. I'm leaning long, making hay while I can, but my finger is on SELL button. I have stated this in this thread since last summer and I will reiterate it again. BUY GOLD AND SILVER. When the world markets collapse, its the metals that will hold their value over paper assets.
Yeah silver is turning positive I think. I have a position in rgld because I think it's a strong metals play. But I just got crushed on intel so what do I know.
stock down to 500
I went into ATT to find out about ipone 5
dude told me that because the sales were so down that they are going to come out with a new phone with more features
seems ppl were pissed about nothing new
and also they do not make iphone4 anymore and will not offer them
i got to get into the space age and get a smart phone I guess.
sprint offered me 2 free 4s with 80 bucks a month unlimited
probable some hidden shit in there tho
I went into ATT to find out about ipone 5
dude told me that because the sales were so down that they are going to come out with a new phone with more features
seems ppl were pissed about nothing new
and also they do not make iphone4 anymore and will not offer them
i got to get into the space age and get a smart phone I guess.
sprint offered me 2 free 4s with 80 bucks a month unlimited
probable some hidden shit in there tho
Stockjockey do you have a personal preference as to where you purchase the gold and silver? Can you buy using a 401k account?
Thanks
Jaxx- You can get exposure to gold and silver through ETF's (exchange traded funds)... Gold symbol is (GLD), Silver is (SLV), which all trade on the exchanges. Not sure if Vanguard allows you to purchase ETF's??? They correlate the closest to spot price minus fees for those ETF trusts to store and inusre your investment. I own both of those ETF's in my brokerage account, but in addition I would personally recommend buying physical gold and silver through a dealer as well. I'm sure you have locals who deal in gold bullion, bars, and coins. The three most marketable gold coins are Kruggerands, American Eagles, and Canadien Maple Leafs. Avoid the Maple Leafs as they can be scratched easily and hence lose their value. When buying silver coins, buy anything pre-1965 or what they term "junk silver." Also, check references of dealers, do some homework to make sure you're getting a good price above spot, and store the metals YOURSELF. Hope this helps......
Thanks man! How much exposure of your account would you recommend?
My apologies for hi-jacking the thread fella's.
Found a place in Jax that sold the the gold coins at $79 over spot. Bought a couple to just to get my line wet. I like it. Security
good move Jaxx :0074 when inflation hits hard and your paper dollars lose purchasing power, you will thank yourself.
AAPL becoming attractive at this price long term but S&P 500 nearing short term top. Think we have 20% dip in store shortly. Take profits here on market and buy bottoming gold and silver.
