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09-25-2008, 07:37 AM #22
Senior Member
bailouts
:S2:
Originally Posted by painretreat
greenspan knew it for sure, i dont care if he is at fault here in any way or not, but im sure the man can pwn bernanke any moment in knowledge and experience
btw if i were u, i would switch savings and investments to gold and real gold not certificate and not anything held in a bank that can be screwed if the bank goes under. perhaps in a very secure and high net worth bank in a safe deposit box or a foreign bank with much less risk than most american banks in current situation.
If i had any major savings or investments i would be switching all to gold, despite the high prices and would keep them there until the mess and laws regarding stock market clear up...
the only traders who can always make money on stocks are savvy swing traders. day trading is also not a bad choice if u know whats up, but it is indeed a very risky and time consuming type of trading. buy n hold = aint gonna fly anymore with me.
although fundamentally it would work, but since there are very few safeguards in regards with how bad it can get and how long it can remain that way, i just find the trade off not worth the risk...
just my 2 cents
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