how about the mattress?
Gold VS Cryto Currency,which one do you prefer?
also live slightly below your means,I dont mean being frugal,or cheap.
Quote:
Originally Posted by forest1
(Post 1028921)
I don't see silver as a speculative investment just like gold (even though it can be seen as that) but more like a hedge against inflation like you said, and feeling like I have real money which has value in my hands instead of printed worthless paper. Thanks for your imput, I agree.
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back in the old days,silver is like gold,people quote in silver .
But silver is often byproduct when you mine other minerals,while gold is scarcer.
It is true,gold does not pay you interest but when Sadam invaded Kuwait,and the Kuwait folks fled into neighboring countries,their currency and credit cards are not accepted,but they can turn their gold into local currency and rent a hotel room,eat and travel.
Gold holds its value when local currency depreciates,like in Venezuela,Argentina.
And some like to fondle gold,
ATTACK,ATTACK,ATTACK.
Dont we wish we could have bought more gold last year ??
Or go to the store and stock up on more water,canned goods,dried goods,generator and first aid.
gold and T bills
THERE IS a bank in FLORIDA WHERE YOU CAN HOLD ACCOUNTS IN FOREIGN CURRENCIES.
sure,Softbank thinks everything internet has the potential to become big,WEWORK,UBER,.LYFT,ETC
Lockheed Martin LMT
Some sellers attend storage auctions,those small retail shops/even small manufacturers abandoned their storage ,their inventory is OLD NEW STOCK
we could be going into a period where no investment is sound,be a landlord,what good if tenant cant pay rent,open a restaurant,no one comes?
not even sure gold is a good investment,?
dry pasta would soon be better than toilet paper,you can use a wooden stick like the Roman soldiers,but you cant eat a wooden stick!
where were you when oil went negative,seller will pay you $7 to take it off his hands,but you must have storage .
Quote:
Originally Posted by Mayhard
(Post 1086940)
P2P loan market would be an option :)
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yaeh,garnish their paycheck,if they have any.
learn how to raise chickens and goats in your backyard,cucumbers are easy to grow,okra too.
Quote:
Originally Posted by Ozzie_Stealth
(Post 1088629)
Oil. Give it 1-2 years and it will go back up
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do we have your personal guarantee?
go back up from what ?
it was negative 37.50 last week(briefly)
if you dont want to do anything,then leave the money in a bank savings account.or the mattress,with disinflation,your $100 has the same buying power of $105
How do we ever get to this stage?
low rate,no rate,negative rate,at one time banks pay you to borrow,banks charge a fee for holding on to our money?
Elderly living on fixed income have to look for change under the sofa seat/cushion for quarters/dimes so they can buy a loaf of day old bread!
How about the stock market,it can give you a small fortune if you start out with a bigger fortune !
yes,it is price per barrel ,just for a fleeting moment.
But you must take physical delivery,all tankers are FULL,if they are not,they are not available for hire
There are folks who need a short term loan fast and willing to pay high interest rate,some are legit businesses,you have to know where to find the middle man.
Quote:
Originally Posted by tinsoldier
(Post 1088798)
No I don't. I go the London Stock Exchange. :doh:
Nobody here is talking about buying barrels of crude you airhead, what is wrong with you?
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how do you know?
plenty of people buy physical goods ,it shows how shallow and ignorant you are.
or just to win an argument,pathetic !
Quote:
Originally Posted by tinsoldier
(Post 1088804)
There's no argument to win, nobody here is buying a few barrels of crude to put in their shed, you're just plain wrong as usual :pound:
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how do you know,did you go around and ask everyone.
I just happen to know one who did,not at -40,.but good enough to make a tidy sum,which you will never see in your life time.
Quote:
Originally Posted by lucy
(Post 1091240)
With all world economies crashing or going to crash big time would betting on the oil price be a quick way to make money and how is it done? and what is the easiest method? Has
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You can buy gas,as oil price collapsed,there will be less drilling for oil,they often find gas as well in the process.
So gas price is going up.
Whether it is oil or gas,look for company with low debt
gold has been going up since the virus,but lately it is fluctuating up a few dollars,down a few dollars,could be sign it has peaked.
but in the long run with central banks printing money,gold could be an alternative to currency,what do you think of Swiss Franc?
A friend of mine in Switzerland is having a ball travelling,eating outside Switzerland,in Paris,Malta,Australia with swiss franc
Quote:
Originally Posted by Rusek
(Post 1091979)
What about gold ?
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dont know about your country,but in US,gold dealers are having a hard time stocking gold buillion,gold coins,gold bars.
You can find major precious metal dealers selling on Ebay and Walmart,some in six figures and bank wire transfer only,no paypal.
But if you buy them on their own website,you get a discount for paying cash(check or wiretransfer)
Quote:
Originally Posted by bigdaz
(Post 1091309)
find companies that bill gates is investing in, this scumbags foundation claims to be a charity but funny enough was investing in companies which will have a cure for the virus. And dont forget about ⊗⊗⊗⊗ meat companies which he pumped to market and then sold.
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The last thing I read is that he is buying Mexico Fund-which is a closed end fund.
But the virus has hit MEXCIAN economy Bad
