The Stock Market is Down ...

[tRidiot]

So what do you do with it right now? Paper money will be worthless and Gold and Silver are way overvalued right now. I share your sentiment but can't think of a "safe" thing to do with what little I have.

I don't think gold and silver are overvalued so much as their ridiculous value shows the extent of devaluation of the dollar.

 

[XD-9Guy]

So what do you do with it right now? Paper money will be worthless and Gold and Silver are way overvalued right now. I share your sentiment but can't think of a "safe" thing to do with what little I have.

That's where I'm sitting too. If I assume the worst and pay the penalties to pull my retirement money out of the market because I think this is spiraling in a direction that we'll never recover from, what do I do with it then?

 

[cjjtulsa]

So what do you do with it right now? Paper money will be worthless and Gold and Silver are way overvalued right now. I share your sentiment but can't think of a "safe" thing to do with what little I have.

Right now, paying off my mortgage, and currently saving up and looking for land - the market is good, and they aren't making any more of it. I've been watching silver, and might grab some of that soon.

 

[OliverKlohzoff]

Exactly - except that he's not actually printing. And it's why I've pulled most of my money out of the market, and won't put any more than I have to in the bank. There is far more "digital" dollars in the world than actual physical currency; what happens when people start to figure it out, panic, and try to pull their money out of the bank, and there's only a fraction of that cash that actually exists? So many people think they have money in the bank or in investments, but if they don't have anything physical or tangible, they don't have squat. As I say: "if it's not in your fist, it doesn't exist". With modern digital banking, it could be so, so easy to just revalue, or eliminate weath, so long as the masses keep their money in digital accounts.

Exactly. Also notice that gold started going straight up late yesterday afternoon

 

[Shadowrider]

In the coming months Gold and Silver will be going up, the devaluation (by whatever means) of the dollar is going to come home to roost. As for today oil & gas has been utterly hammered. What's that tell you?
I may be doing exactly what you say cjj. I figure gold, silver and land is where survival is for the next couple of years at least.

 

[JD8]

Problem is you're seeing a large sell off of divedend paying stocks. Not good for us "little people."

 

[68mustang]

So glad we got Obama. Cause now I'm gonna have a great time finding a job in the Oil and Gas industry straight out of college!

 

[DPI]

So glad we got Obama. Cause now I'm gonna have a great time finding a job in the Oil and Gas industry straight out of college!

It's one of the only industries that has work. Give Obama time and that will change. If you are flexible you'll find work. If you want shoot me your résumé and I will do some checking for you.

 

[DPI]

Problem is you're seeing a large sell off of divedend paying stocks. Not good for us "little people."

. Just hang in there if you don't need the original investment cash. There is currently nowhere to put your investment cash other than dividend paying stocks that earn anything.

 

[Shadowrider]

Problem is you're seeing a large sell off of divedend paying stocks. Not good for us "little people."

What are you in? I'min a couple of royalty trusts and while they are down today, it's not by much.

Meanwhile....

CHICAGO – Even as the broader markets fell sharply, the re-election of President Barack Obama sparked a rally for shares of two major firearms companies Wednesday. Smith & Wesson Holdings was up 8% while Sturm Ruger & Co. gained 6%. The jumps mirrored a similar surge in 2008 and 2009 when fears - later proven to be unfounded - of new regulations on gun ownership generated brisk sales.
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