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Author Topic: Some free investment advice for the RAS community  (Read 28365 times)
Jason
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« Reply #15 on: October 05, 2008, 06:54:14 AM »

Regardless of who buys it, Wachovia's banking operations will stay basically intact.  For the general customer, you probably won't notice any significant service differences, they'll just change the name on everything.

I'm telling you, gold is something everyone should be buying now.  With the bailout passing and the governments across the world getting increasingly involved with trying to "fix" their economies, MASS inflation is beginning, which is one of the criteria for purchasing gold as an investment.  We're dealing with powerful long term dynamics which aren't likely to go away anytime soon!
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
Jason
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« Reply #16 on: October 10, 2008, 09:10:56 AM »

Liquidated virtually all of my short positions at the open a little bit ago.  I'm strongly in cash now, and picked up some GLD shares (tracks with the price of gold).

Waiting for my Goldmoney account to be verified so I can get some gold there and will be buying gold coins ASAP.
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
Benj
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« Reply #17 on: October 14, 2008, 04:16:54 PM »

Liquidated virtually all of my short positions at the open a little bit ago.  I'm strongly in cash now, and picked up some GLD shares (tracks with the price of gold).

Waiting for my Goldmoney account to be verified so I can get some gold there and will be buying gold coins ASAP.

Sounds cool to me.  Keep us (me) updated on how everything goes.
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Jason
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« Reply #18 on: October 22, 2008, 02:33:39 PM »

I liquidated the rest of my short positions at market open on 10/13/2008 and went almost entirely cash and a small GLD position...which keeps dropping on me...but since it's such a small position it isn't hurting.  Merk Hard Curency fund also is getting hammered because the dollar is rallying.

In the event of a market rally I'll short again if the S&P hits 1100-1200.

Gold is probably going to be choppy at best in the next year, but has excellent long term (10+ years) potential (as does the Merk Fund) so I'll use this time to gradually buy gold coins and put money into the Goldmoney account.

I also bought a 1oz American Eagle coin which will be delivered in the next few weeks.  The first of many!
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
Jeremy
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« Reply #19 on: October 29, 2008, 01:07:12 AM »

How's it going, Jason?  Still have the same old email address at yahoo?
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Jason
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« Reply #20 on: October 29, 2008, 04:30:21 AM »

Hey Jeremy!  Yeah my Yahoo email is still good.  I've had that for about 13 years now, and will likely have it till the day I die.
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
Benj
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« Reply #21 on: November 01, 2008, 12:52:33 AM »

I've had that for about 13 years now, and will likely have it till the day I die.

Or until Yahoo dies, whichever comes first. Smiley  Hopefully Yahoo.
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Jason
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« Reply #22 on: November 03, 2008, 05:32:33 PM »

I can always put a hit out on Yahoo and take them down!
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
Jason
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« Reply #23 on: March 07, 2009, 10:59:31 AM »

Anyone take my advice?  The market keeps falling apart.  I think the S&P bottoms below 400. 

I don't trust foreign currencies anymore, so I sold off the Merk fund at a small loss.  I may get the Merk Asian currency fund later, but until then it's all gold for me.  Gold and short positions (currently short Amazon.com).  This isn't over yet.  It's going to get worse.
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
Benj
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« Reply #24 on: March 11, 2009, 01:07:07 PM »

Anyone take my advice?  The market keeps falling apart.  I think the S&P bottoms below 400. 

I don't trust foreign currencies anymore, so I sold off the Merk fund at a small loss.  I may get the Merk Asian currency fund later, but until then it's all gold for me.  Gold and short positions (currently short Amazon.com).  This isn't over yet.  It's going to get worse.

I don't have any money to invest, which ironically makes me lucky: I don't have any money to lose either!
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Jason
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« Reply #25 on: March 18, 2009, 03:58:13 PM »


I don't have any money to invest, which ironically makes me lucky: I don't have any money to lose either!

Incorrect.  You're going to lose money due to INFLATION.  Whatever money you do have is going to decrease in value as prices rise.

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ason

"We're going to make airplanes out of beef."
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Benj
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« Reply #26 on: March 20, 2009, 06:10:38 PM »


I don't have any money to invest, which ironically makes me lucky: I don't have any money to lose either!

Incorrect.  You're going to lose money due to INFLATION.  Whatever money you do have is going to decrease in value as prices rise.

How can the money I don't have lose value?  I spend it, so it doesn't sit around in a bank inflating.
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Jason
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« Reply #27 on: March 26, 2009, 10:00:23 AM »


How can the money I don't have lose value?  I spend it, so it doesn't sit around in a bank inflating.

Your income is going to go down in value.

If you're buying consumer goods with your money and stocking up then you can hedge this though.  Consumer goods, guns/ammo, and gold.
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
Benj
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« Reply #28 on: April 14, 2009, 04:57:13 PM »

If you're buying consumer goods with your money and stocking up then you can hedge this though.  Consumer goods, guns/ammo, and gold.

Guns & Ammo?  As an investment or as protection when the government collapses? Smiley
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Jason
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« Reply #29 on: April 20, 2009, 11:36:45 AM »

If you're buying consumer goods with your money and stocking up then you can hedge this though.  Consumer goods, guns/ammo, and gold.

Guns & Ammo?  As an investment or as protection when the government collapses? Smiley

Um...YES!  Actually, prices on guns/ammo have been going up for almost a year now, in anticipation of Obama being elected, since it is feared he will institute tougher gun restrictions.  And when things get bad people get scared in general, and guns are one manifestation of them acting on this fear.

By the way, things still look terrible.  Ignore the nonsense you hear on TV about the economy bottoming out.  It isn't.  Real estate is still falling, and I've seen forecasts based on the credit markets that predict unemployment reaching 20%.  Oh, and the government seems hellbent on borrowing, spending, and inflating its way out of this recession.  None of this is good.

BUY GOLD!!!
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ason

"We're going to make airplanes out of beef."
- Alex Lifeson
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