Bailed out banks won't cash SS checks

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Originally Posted by Psycho4Bud

This all happened before during the Carter years.....if you can find some type of chart on the ups and downs of the gold market that would be a great place to start. If I recall correctly, as soon as the housing market started taking off again the price of gold began to decline.

Have a good one!:s4:

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No shit......thanks for that tid-bit. Looking at the housing market currently I guess its not going anywhere.....just curious.

Gotta find that chart.

Hold on to the gold (and any other precious metals) at least another 9 months. If there is an attack it will come sometime in the next year (I'm giving it 3 months with my outside money on 3 - 5 weeks). You will do well if you are holding gold. The question will be when to sell during the crisis. Usually the first few days of any crisis offers the best returns, as markets tend to over react. However, we could be in for a real roller coaster if the Straights of Hurmoz are closed to shipping for any length of time and/or if Iranian crude is withdrawn from the market. Don't forget, Iran has the thrid largest proven reserves after Saudi and is the second largest exporter. Taking them off the market would be almost unthinkable. And if you don't think they will use oil as a weapon, guess again. As you and I have discussed, it won't matter if Israel does the attacking, we will be held to account. I'm not busting your balls here. I'm offering my take for what it is worth. We recently moved significant funds into precious metals based on this calculation. ...and nobody is stalking you. Be serious.