A Disturbing Warning From UBS: “Buy Gold” Because A 30% Bear Market Is Coming. Interesting, if you have investments you may want to dig into this further.
A Disturbing Warning From UBS: “Buy Gold” Because A 30% Bear Market Is Coming. Interesting, if you have investments you may want to dig into this further.
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This warning has been floating around for at lesst a year. In my case,my mutual fund isnot making anythin. I want to take it out before it is completely wiped out (again) but I'm not 65. The penalties would take most of it
Transfer it into an indexed annuity. It won't make as much as other investments, but it won't lose anything.
But seriously folks, be sure to read down to the end:
"... which translated means we are running through a very classic credit cycle."
Which means -- it aint the Apocalypse.
Gold is cheap right now, silver more so. Buy cautiously but buy.
Most importantly buy ammo.
With the Chi-cons pumping cash into their market like crazy to keep things propped up, I'm thinking of investing in other precious metals like brass and lead.
Hey, that's MY line!
;- }
Last time I went to pick up some of the metals I discussed, it was more like stand in line.
Every time I get a chance, out of curiosity, I check out the ammo counter at the stores I am in, that have ammo.
There is either a long line, or nearly zero supply of any of the popular calibers. There's always 20 gauge, a fair amount of 12 gauge, but nothing in .22, .380, .38 Special, .357 Mag, .357 Sig, 30-30, 30-06, .30, very little in .223, 5.56 .40, .45 Colt, .45 ACP, 9mm. You can usually find some of the conventional hunting calibers. But overall, what everyone is looking for is long gone.
Looking at the empty shelves, you'd think you were looking at the bread section of a grocery store in a socialist country.
That's everyone's line!
The markets always look forward. That's why to me the last few trading days are disturbing. Still, it is usually a good practice to buy on the dip especially if you are dollar cost averaging in a 401(k) or IRA and are not planning to retire within five years.
That's the problem with many money managers. They convince older people to ride the wave of the market, and when things correct, people that counted on their money to be there, it isn't.
In the last big correction, I knew people already retired, that were still in the market, and lost more than they could afford.
That 5 year mark you mentioned is a great rule of thumb. I wish more people would pay attention to it.
Honestly, I'm surprised the market bubble has lasted as long as it has. Nothing substantive, like everything else Bathhouse Barry has anything to do with.
... but ... can we keep our gold? because you know... Obama...
Well, they told you you could keep.yourvdoctor! Look.how well THAT turned out.
Exactly
Not if they don't know you have it or refuse to turn it in.