GET THE HELL OUT

ok the economy is failing, the dollar is tanking, munis are crashing. i don't want to buy gold because at these levels, it's too risky. where do i put my cash to preserve it?
 
Quote from MrDODGE:

Anyone looked at the ten year tres today?

-4.41% OUCH
More...

Not so bad if you've been long :D

Hey, by the way, that picture post wasn't cool. Doesn't belong here - for those of us at work we didn't appreciate it.
 
Quote from rogersjeff7:

ok the economy is failing, the dollar is tanking, munis are crashing. i don't want to buy gold because at these levels, it's too risky. where do i put my cash to preserve it?
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What a simple yet good question, if only average american was asking these questions country would be better off

OK here is the deal

you are wrong that gold reached its top
you are wrong that EURO reached its top

hmm...... I think I just answered your question

oh and by the way invest responsibly, don't bet the farm

also if you want to stay on sideline, and NOT BE KILLED

I will tell you what to do for free, you can take this advice and tell your bank manager so he can benefit too

Take your US dollars and convert half into CDN and half into EUR

I won't tell you why, free education is OVER :cool:
 
.."where do i put my cash to preserve it? "..


IN USA : BUY SHY

Better choice, but subject to forex fluctuations.
OUTSIDE USA : In everbank.com, choose a deposit account in NZ or AU at 5% +
 
Kin2:

Why don't you save your posted picture for sports-boards, bar-stools, Bike-rallies or where you go to church?...leave them off this forum.
 
Go long USD in about 3-6 months.

Stay the hell away from the euro.

Fed will have to start raising rates soon. They may cut some more before they reverse, but inflation and current account deficit will have to be deal with, and they will have to actually do something to shore up the dollar to accomplish that. Americans will slay their legislators is gas goes to 4 a gallon, which is where it's going if they don't shore up the dollar.

If you buy the euro or gold, you may be able to book 5% or 10% is you're a perfect market timer, but your risk of buying a top is huge.


Just my opinion.
 
Quote from ByLoSellHi:

Go long USD in about 3-6 months.

Stay the hell away from the euro.

Fed will have to start raising rates soon. They may cut some more before they reverse, but inflation and current account deficit will have to be deal with, and they will have to actually do something to shore up the dollar to accomplish that. Americans will slay their legislators is gas goes to 4 a gallon, which is where it's going if they don't shore up the dollar.

If you buy the euro or gold, you may be able to book 5% or 10% is you're a perfect market timer, but your risk of buying a top is huge.


Just my opinion.
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Well, OP, at least your opinion went up in value today.:p
 
Quote from ByLoSellHi:

Go long USD in about 3-6 months.

Stay the hell away from the euro.

Fed will have to start raising rates soon. They may cut some more before they reverse, but inflation and current account deficit will have to be deal with, and they will have to actually do something to shore up the dollar to accomplish that. Americans will slay their legislators is gas goes to 4 a gallon, which is where it's going if they don't shore up the dollar.

If you buy the euro or gold, you may be able to book 5% or 10% is you're a perfect market timer, but your risk of buying a top is huge.


Just my opinion.
More...

I am sure you were thinking the same thing when gold was 800 and EUR 1.35

I don't blame you for having faith in your country, but you should know that big players gave up on USA long ago, and moved their money to EUR at 1.25 or less

but you have nothing to worry about, I bet you don't have more than 10 k

Just my opinion
 
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