Right now I'm mainly in stocks and bonds but I was looking to maybe get into the metals market as it seems there is no ceiling for gold
Right now I'm mainly in stocks and bonds but I was looking to maybe get into the metals market as it seems there is no ceiling for gold
There, but for the grace of God, goes John Bradford
My aim, then, was to whip the rebels, to humble their pride, to follow them to their inmost recesses, and make them fear and dread us. Fear is the beginning of wisdom.
I am tired and sick of war. Its glory is all moonshine. It is only those who have neither fired a shot nor heard the shrieks and groans of the wounded who cry aloud for blood, for vengeance, for desolation.
I would stay away from gold, it's already pretty high. Look for things that are undervalued at the moment. Don't forget, your 401k is for the long run, if stocks are down now, it just means you are buying low.
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401k as in 401.000?
Get it its own busing policy...
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Everyone is looking to buy gold apparently and the likes of bloomberg is running stories a lot lately on how silver is the new gold which is all a sure sign that those commodities are in bubble territory.
Now water there is a differ story but how you would invest your 401k in it I dunno failing that there is always magic beans.
Last edited by gaelic cowboy; 11-02-2010 at 18:59.
They slew him with poison afaid to meet him with the steel
a gallant son of eireann was Owen Roe o'Neill.
Internet is a bad place for info Gaelic Cowboy
So you're taking advice on investments from a few internet acquaintances you barely know.
If that's the case, you should totally invest in a time-share property somewhere in West-Flanders Belgium.
Originally Posted by DroneOriginally Posted by TinCow
The West-Flemings are at it again!
As coincidence would have it, I once visited the pitiful remains of http://en.wikipedia.org/wiki/Lernout_%26_Hauspie
What Peasant Phill says is true Strike For The South, but professional advise may not work either. In the end it's your own feeling, skill and 'luck'. It won't hurt to get some discussion about it.
Gold tripled in some six years, that's impressive. Some stuff has done better: phosphate. That did 10* within a very short time in 2008. For a special reason. People who got impetuous at 4*, bought a lot, got carried away by 'phosphate is a limited resource and will $$$' and forgot to sell again, lost a lot of money, because it more or less got back to the point where it was very quickly. A bit higher than before actually and it was expected to increase again, but that may not happen. Recently more resources have been found, and it's likely to last for 300 years instead of the 50. It might even be that recycling projects will lose momentum now (crisis afterwoes, delaying investment in the 'luxury').
I think we'll still see some rough water, but the chance that the gold price drops drastically 'soon' is likely. Whether soon is tomorrow or a year from now, I don't know. Buying 'cheap' stocks will be a smarter move and guarantees good nights sleep. Those may also go down a bit, and companies may default, but it's not a bubble that will burst any second. Don't put all eggs in one basket.
Ja mata
TosaInu
Since you are young, I'd say about 80% in S &P, 10% cash, and 10% conservative bonds. It's really a crap shot man... it depends how much risk and upside you want to expose yourself to.
This thread title makes me feel god damn old.
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