gold OR?any ideas to help dumb & dumber???
2007-11-10 03:04:15 · 12 answers · asked by Anonymous in Politics & Government ➔ Politics
haaaaa,,,ahhhhh
2007-11-10 05:42:44 · update #1
Buy toilet paper now and save!
lol
hey you! ;-)
2007-11-10 04:37:16 · answer #1 · answered by Anonymous · 1⤊ 1⤋
I am not even close to being an expert but I was saying to everyone to buy Gold two months ago. If you had done that then you would of made of 1000 dollars on the 10k investment. If the worries about the falling or collapsing dollar gains momentum, then gold will become even more of a hot commodity.
Now that said it is best NEVER to put all your eggs in one basket. That is the single biggest mistake that some make in investing.
2007-11-10 03:13:03 · answer #2 · answered by Michael L 3 · 1⤊ 0⤋
Gold is always good as temporary hedge against uncertain times but if you look at the price gold and compare it the historical growth in value of stocks, bonds and real estate it's easy to see gold is a lousy place to leave your money over a long period of time.
Even though everyone is down on Real Estate this is the time to start shopping. A desperate seller now can lead to a huge profit when the market turns around (just look back at the S&L crisis of the 1980's). If you had bought things like Canadian bonds you would have made a 35% profit on investment this year but that's hind sight and you want to know what's in the future -like wouldn't we all like that.
Do your homework but I think as the American dollar srinks in value you would want to invest in American companies that manufacture in the US but sell at least 50% of their product overseas, think of companies like Caterpillar or Boeing. Large multi national companies like McDonalds should thrive in the next two years and international gaming and gambing companies should also do above average most of all if the US goes into a mild ressesion.
Invest in something you know well. If my friend Tom had another 10k he would buy comic books. His collection is over 100,000 issues now and he knows how to turn a profit in a market that's been lackluster for over 15 years.
2007-11-10 03:25:09 · answer #3 · answered by brianjames04 5 · 0⤊ 0⤋
Using your analytical way of thinking, I propose the following:
I will send you 5 USD and you send me the 10,000 USD, the 5 dollars I send you will be worth more than toilet paper.
Issue solved.
2007-11-10 03:40:27 · answer #4 · answered by Bubba 6 · 0⤊ 0⤋
Gold is being run up too high. Buy silver. It's still a bargain.
2007-11-10 03:20:02 · answer #5 · answered by Anonymous · 1⤊ 0⤋
buy gold, silver, and such is usually a safe bet. especialy if a real depression hits.
2007-11-10 03:10:22 · answer #6 · answered by wtpd601 2 · 2⤊ 0⤋
Gold is a sure bet...the sooner, the better.
2007-11-10 03:11:18 · answer #7 · answered by Edge Caliber 6 · 2⤊ 0⤋
Buy popcorn. During the Bush depression you will have something to eat.
2007-11-10 03:08:21 · answer #8 · answered by Zardoz 7 · 2⤊ 2⤋
invest it..use it for college or to start a family
2007-11-10 03:07:00 · answer #9 · answered by asdfgh 3 · 1⤊ 0⤋
Gambling whiskey and prostitutes just like many Republican congressmen do.
Works for them.
2007-11-10 03:10:21 · answer #10 · answered by Anonymous · 2⤊ 2⤋