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11-25-2009, 02:45 PM #11
Senior Member
Gold will go $1,500/ounce this year
I am selling off all of my stocks and gonna keep it in cold, hard cash. Anybody who buys gold right now is a fool. Eventually the bottom is going to drop out again.... I don't want to get caught up in that(again). All I can do now is to stash cash when I can. The current economy is causing what few small businesses that are left, to have to close their doors. Some are trying to diversify, but thats not working either. It takes money to make money.... and the money just isn't there. My own company of 14 years is right on the brink, but there is no other employment available in my area, so come hell or high water, I have to make it work, no matter what.
A last resort for me would be to sell my home that is almost paid for, and try to find employment elsewhere and pay double for rent of what my house note is.... that would be counter-productive.
I just hope I can keep it together long enough to survive the comming market crash, and still be here when the economy recovers.
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