The bubble of 2020 ?

DIRTROAD · Oct 3, 2010

This is what The Bible says regarding precious metals as an investment:

Ezekiel 7:19 (New International Version)
19 They will throw their silver into the streets, and their gold will be an unclean thing. Their silver and gold will not be able to save them in the day of the LORD's wrath. They will not satisfy their hunger or fill their stomachs with it, for it has made them stumble into sin.

NuBota · Oct 3, 2010

tractorErnie said:
The economy

Best advise is to GET OUT OF DEBT, and stay there.

Good policy! And, hey, it's easy to do nowadays - just walk away!

Was watching The Count of Monte Christo (again) the other day - the notion of debtors prison got me thinking... imagine what it would be like today if they still existed!

Bubbles are always obvious IMHO - easy to see the "too good to be true" aspect. Tech seemed obvious to me when Amazon stock goes through the roof over 5 years without turning a profit. I got out while it was still rising (after what I considered a healthy return) and fared pretty well. I could have made even more, but wasn't worth the gamble to me. And housing - wife and I drove through an "affluent" new neighborhood as prices started to rise - I told her, "Watch, in the next 5 years, when the A.R.M. rates reset - half these houses will be up for sale." But, man! - I had no idea how crazy it would actually get...

I'm no investing wiz - and very conservative with risk - would prefer a "slow and steady" return over the big, high stakes, gamble...

The Dougster · Oct 4, 2010

I recently read something that rings so true.... "Bubbles are the cause of amnesia.... " people seem to forget what happened to last bubble.. lol

forgeblast · Oct 4, 2010

I saw on one site that the us gov is going to add an extra "premium" to silver coins they mint this year. I figure having metals on hand is helpful, gold, silver, lead, brass, copper coated lead.....its a difficult time to figure out what to do.

The U.S. Mint announced today that it is significantly raising the premium on all Silver American Eagle coins. Obviously, every dealer will have to increase their premiums on Silver American Eagle coins.

This breaking news comes on the heels of silver reaching a new 30-year record high over the past week. If you already own Silver American Eagles, the value of your coins has steadily increased