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Tractor Talk Discussion Forum

Re: O/T Investing opinions

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Walt Davies

12-08-2012 15:53:52

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Gold has been decline for severa Months silver has been about the same up and down all day long. Stock can make some good money but you have to know which stocks are volital that is they drop one day and climb back the next day. But when the market takes a big dump then sell off after climbs back up. Only thing is you have to be right there watching the big board.
Long term land could make some but it's still a risk wait until it settles out. Bonds are a joke you are garranteed to go broke. Inflation and very interest rate are not going to help. Right now just wait to to see what happens with the congress they make your day or kill you in a flash.
Actually I would find something that is stable put my money there and wait it out for a couple of years.
PS John T will no doubt have a different view you can take your chance on he as he must have a Broker at sometime in his life. Giggle

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Traditional Farmer

12-08-2012 17:38:43

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 Re: O/T Investing opinions in reply to Walt Davies, 12-08-2012 15:53:52  
The US Federal Reserve Dollar has been in a steady decline since its inception in 1913 when 20 of them would buy you an ounce of Gold now it takes over 1700 of them to buy an ounce of Gold somewhere around a 98% decline in value for the Dollar.And most of them aren't even paper anymore they are images on a computer screen in the Fed or a bank somewhere.

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Walt Davies

12-08-2012 21:00:20

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 Re: O/T Investing opinions in reply to Traditional Farmer, 12-08-2012 17:38:43  
Sorry the last of the federal notes were called back in the early 80s they were valued at one once of Silver.

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Traditional Farmer

12-09-2012 00:20:55

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 Re: O/T Investing opinions in reply to Walt Davies, 12-08-2012 21:00:20  
Wrong all US paper money has been issued by the Federal Reserve since the Federal Reserve Act of 1913.What you refer to are the Federal Reserve Dollars now known as Silver Certificates that guaranteed their worth in Silver which were discontinued in the early 70's by Nixon when the US went off the Gold Standard and the US currency
increased its fall in value.The Silver Certificates have never been 'called back' just discontinued many are still around and are sold regularly.

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