Markets tumbling down

[traderx]

What is the best way to buy gold, anyway? I don't think now is the best time to buy it, but the logistics of it are a little confusing to me and I'd like to better understand it. The few articles I read did not make it any clearer to me. I don't think most people keep gold bars in their safes ... do they?

The best way to buy gold for most folks would be an ETF. ETF's work similarly to mutual funds but you can trade like stocks. Just ensure that the ETF you buy is very liquid. The best is probably GLD.

Be careful with gold however. Most believe it is a good hedge against inflation and market panic but we are in a deflationary period which, if it continues, should cause gold go down.

Here is a log10 graph of GLD.

 

[30ashopper]

Found this today - where we're at -

 

[full time]

Soon, nothing will be worth anything at all--not even GOLD. I am now growing my own vegetables this Spring, shopping only at Walmart (when affordable), and doing a lot more business bartering--guess we will just have to get use to Socialism.

On a positive note, quickly changing gears in life is always a good, mental cleansing thing!

Hope and change to total despair in less than 2 months? The good news is that if you own a house in South Walton, it looks like the best of your investments. So enjoy it .... and the garden. Things will improve.

 

[Lynnie]

Maybe I should sell my gold and silver - both are ETF's I bought.

I might as well join in the sell-off, too, huh??

Cheers~~~~~~~~~

 

[Miss Kitty]

Maybe I should sell my gold and silver - both are ETF's I bought.

I might as well join in the sell-off, too, huh??

Cheers~~~~~~~~~

Maybe it is time to get one of those gold thingies off TV and send in all your tangled chains?

 

[Mango]

Found this today - where we're at -

Yep, I think that about says it all.

 

[Lynnie]

Maybe it is time to get one of those gold thingies off TV and send in all your tangled chains?

Keeping my bling!

 

[TooFarTampa]

Maybe it is time to get one of those gold thingies off TV and send in all your tangled chains?

When I start getting envelopes in direct mail every week to put my jewelry in and ship off for Ca$H, then I think maybe it is time to watch for some big price drops.

 

[FloridaBuckeye]

I knew growing up on a farm and learning to sew at a young age would come in handy some day! Having a high school business teacher mom and a farm dad was a great combination. The one thing I can do if this economy hits bottom, is move back to Ohio, live on the family farm that is paid for, grow my own food, raise some animals and sew my own clothes.....taking my family with me!! Funny thing, is I would probably be happier! I'm over thinking that I need material things to make me happy! I'm ready to enjoy my first grandchild and enjoy the simpler things in life!

 

[Lynnie]

I knew growing up on a farm and learning to sew at a young age would come in handy some day! Having a high school business teacher mom and a farm dad was a great combination. The one thing I can do if this economy hits bottom, is move back to Ohio, live on the family farm that is paid for, grow my own food, raise some animals and sew my own clothes.....taking my family with me!! Funny thing, is I would probably be happier! I'm over thinking needing material things to make me happy! I'm ready to enjoy my first grandchild and enjoy the simpler things in life!

Farm Girl, here! MWAH - I can't sew, but I am pretty handy other than that. Besides, I don't really need any more clothes - I sure do want some, though!;-)