economic unrest

[greasyX]

I started this so we could share Ideas and Resources to pinch a penny and thrive in this market.I'll go first, invest in gold and silver.This will stimulate local economy as well as protect your money.You won't get rich over night but expect 25-40% profit in five years,even more as the dollar declines,profits more secure than 401K.Alittle birdie told me watch your 401,when,and it will drop,pull out ........greasy

[John_DFA]

Buying silver is a much better option when dealing with precious metals since it holds it's value far better than gold.

To be completely honest though let your money ride if you already have it invested. The only way you lose money at this point is if you cash out. In fact give it a couple weeks (more like a month or so) then start buying proven stocks at rock bottom pricing and watch the money flow during the rebound.

As example of this take a look at what happened with "Black Monday" which if you had steadily bought on the decline you would have made a far bigger killing than if you had cashed at the peak

just my .02

[Clay]

energy stocks....

http://finance.google.com/finance?q=NYSE:COP

[greasyX]

So lets say you had $10,000 cash Silver (10oz and 1 oz for future trading and bartering)or Stocks not knowing how much more the gubberment can F-up?.......

[John_DFA]

So lets say you had $10,000 cash Silver (10oz and 1 oz for future trading and bartering)or Stocks not knowing how much more the gubberment can F-up?.......

If things really go that far you would want it in coins since paper is garbage at that point.

Also if things get that far along then the better bet is to have a supply of alcohol (drinking or sterilization), food, water, and ammo would be the better items to have on hand since you can't eat silver or gold

[greasyX]

John you are on the same page as me,I have 3 months perishables,6 months canned,and plenty of booze.I also have a bigger arsenal the the local PD,I will go with silver,and all in 1oz,for trading.When it hits the fan,i'm ready...........greasy

[Elvia]

Greasy I have lots of silver also, in 180 gram loads.

[greasyX]

Elvia,do you buy Engelhardt or similar 99.999?I currently buy LOTS of beat up 1oz coins for 1 dollar BELOW specand have roughly 500 oz total,do you think thats enough?I also have stoked 300 lbs of pennys to melt if needed....greasy

[AzDave]

I mean this with good intent.

Do not post on a public forum about your coins gold silver that you own...Lotsa creepy people out there. Even if it is not in you house...what else is??

Again.talking to friends. Dave

[Elvia]

LOL
Greasy that is 180 gram 30.06 silver tips.