Commodities traders (and speculators) have been making a killing the last couple of years.
Gold, platinum, oil... corn up 72% the past year, wheat up 68%, soyabeans up 85%.... you name it.
The rich will always have ways of getting richer, in any economy.
(Not that I'm hating... just stating a fact)
While I hate greed, I am sold on Gold as a hedge against going flat broke when the economy tumbles (worldwide) & regular currencies take a hit.
While I hate greed, I am sold on Gold as a hedge against going flat broke when the economy tumbles (worldwide) & regular currencies take a hit.
Protecting ones self is the order of the day.
Just buying Euros would have been easy for even the the small investor.
The Euro has gone up 25% against the dollar just the past 2 years.
(sigh)...Hindsight is such a beautiful thing :O)
__________________ http://endtimeobserver.blogspot.com
Daniel 12:3 And those who are wise shall shine like the brightness of the firmament; and those who turn many to righteousness, like the stars for ever.
If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have had $16.50 left of the original $1000.00.
With WorldCom, you would have had less than $5.00 left.
If you had purchased $1000 of Delta Air Lines stock you would have $36.00 left.
But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling REFUND, You would have had $214.00.
Based on the above, the best current investment advice is to drink heavily and recycle.
It's called the 401-Keg Plan
__________________ "It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
Rich people buy stocks when everyone else is selling.
that is true, if you have the guts, gold is down 20 percent off its high right now, we dont know which way it will go, never a bad idea ot have some, lol, it is shiny and valuable, you just cant eat it, and bro ron i love you, but the stock and bond market is not rigged, if it was, oh well, only conspiracy freaks believe that, dt
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A product of a pentecostal raisin, I am a hard man, just ask my children
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