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real roller coaster if the Straights of Hurmoz are closed to shipping for any length of time and/or if Iranian crude is withdrawn from the market.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.
bigsby Reviewed by bigsby on . Bailed out banks won't cash SS checks Today, after waiting I finally got my first SS check. Now, since I've been on the ropes for almost the past year, and not having a bank account I tried to cash a fat Social Security check. With my drivers license, passport and social security card, I went to two banks. The first one was Chase, you know the New York bank that acquired WaMU after they went under. Chase, who has taken billions in bail out money from the taxpayer, refused to cash my check unless I opened an account. I told Rating: 5