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re: Just dumped some cash and bought gold, good or bad?
Posted on 8/16/14 at 12:07 am to TheHiddenFlask
Posted on 8/16/14 at 12:07 am to TheHiddenFlask
Whoa dippity are you a broker, I have equities but I'm concerned this Wall Street ride is rigged against the average Joe investor, by the time shite hits the fan the market can drop 5-10% before I can move my money as I'm primarily 401K invested. My thought is when looking at fiat currencies many have found that their value is $0.00 when sh!t hits the fan, I would say you displayed some over reaction but that would be a under statement! 
3
Posted on 8/16/14 at 12:16 am to JoeMoTiger
But keep in mind that if you are looking at a "shite hitting the fan" scenario to be fiat currencies being worth zero, for all intents and purposes those precious metals will be worthless as well.
Posted on 8/16/14 at 12:18 am to JoeMoTiger
quote:
oh and the gold I bought was not bullion but gold coins that can not be confiscated, still considered legal tender.
And just saw this....there is a LOT of naivity in this. To the point of ignorance.
Posted on 8/16/14 at 6:46 am to JoeMoTiger
quote:
by the time shite hits the fan the market can drop 5-10% before I can move my money
Are you saying a market pull back of 5-10% equates to "the shite hitting the fan"?
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