Some prices in the markets are just too good to resist. We’re very near a buying spike, and I can not resist any longer. This may not be a meaningful bottom but only a bounce. 8,000 ish is still in the cards.
Value is SLB, CAM, KBR, USB, BAC, GS – just may never see em any better. HCN, FMS and DVA have held up through this pretty well. PBT yields 14+% and pays monthly and the quick, hot rods AMN and CWCO. Don't do much

Orders under the market before Thursdays opening. Rollin the dice

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89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius

Way to go, Crash.

I'm with ya. can't help buying when there is a sale! for people with cash this market is the equivalent of being first in line at Sears at 4AM on Black Friday!

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Gold's up almost 400% since 2000. Why waste money when risk free investment is so much more profitable?

If the stock market has bottomed-out (if....) then there's not (as) much money to be made in gold as compared to common stocks. As the market recovers people will increasingly get out of gold, depressing the value vis a vis stock market.

Just a thought.

I'm too skeered to git back in yet.

What a chicken!

P.S. Same here.

Sure there is, according to inflation and such, gold should already be at 2'800 or so. It's still got at least 300% to go. Not to mention regarding both gold and silver, have you tried to buy any? Scarcity alone should have it well above 3K.
I understand your point, but it's not a regular market, there's far too much manipulation but it can't go on forever. Whereas with the stock market, nothing is any different than it's ever been. Unless you're talking about how it should be pre-bubble(s) like 5'000 or something. I don't think it's anywhere near bottom. Even still, there's always risk in the stock market. Gold has had the same buying power for since ever.

General rules:

Past performance is no guarantee of future earnings.

Because something happened before, doesn't mean it must happen again.

Because something never happened before is no guarantee that it will never happen.

General rules don't always rule.

So far so good. 200+ years of stability? And it always exists, it isn't guaranteed, or implied or backed-up. You just have it. Besides, not even looking at it as an earning tool, but as long-term, secure investment holdings. Like Ben Franklin said, "if you can keep it".
Even if you made 100K dollars, well, it's devalued 35% in 8 years, that means it's only 65K. With the currency being designed to inflate, gold being priced in said currency will always increase in value.

How do you hold your gold? Certificates? I have some Krugerands from a hard fought seizure battle several years ago, but have been scared to have them valued, since they have a face value and I think they are worth more than what I paid (got credit for) when they were acquired.

Gold is supposedly a lousy investment in the long run. So they say.

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1984 300SD Orient Red/ Palomino
1989 560SEC
2016 Mazda 6 6 speed manual
1995 Ford F-150 reg cab 4.9 5speed manual

I hold my metals, physically, coins, bars, etc. It's spot plus whatever else you can get, if the buyer is willing to pay a premium. Or like the Krugerrands, you can add X amount for the collector value, sometimes quite a bit, actually. Face values are really moot. Most local coin shops should be pretty cool with you about it, and let you know the deal, and if they got buyers they don't hesitate to take it off your hands.

If it's less than an oz., like say a 1/4oz coin, you can maybe get 28-30% opposed to 25% of spot for it, especially now, that's what brokers charge. $900 an oz is a lot, most people can't hang, they can pay $300 or so, and they get 1/4s. Or silver, but good luck. At this point, you're looking at 100/1000 oz bars at from $1'400/15'000, coins are near extinct.

Check on ebay, just go into gold/silver bullion and see how much they're paying over spot. It's actually ridiculous, unless you look at it as depression-insurance...

The reason they say gold is bad for long term is because they don't make any money on something you manage and hold yourself. No fees, or accounts, or specialists, and certainly no commission. Some people get gold and silver in their IRAs, or certificates, or even basically fantasy accounts, where you buy it with a promise that it'll be there should you actually want it, but that's just asinine to me.

To each his own, but at the very least have around $5'000 as a precaution, please. It'll help us all out in the end.

during the the early 80s my uncle was buying gold. and storing it. my dad asked him "why". and he said "if the market failed and the economy went to total hell then he would still have his money." my dad then asked him, "if the society is so far gone that the only currency is gold, whats going to stop a man with a gun from getting your gold?"

No my uncle has more guns then anyone I know. and an 85 300CD. hes ready for the end.

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I'm not a big stock market player. But I'm with you, Crash.

I’ve spent the last two days hanging with a buddy of mine and doing some buying.

I can see where some folks can get fairly addicted to online trading. Pretty interesting stuff. Not to mention, fun.

I’ve kind of got that “No way but up” attitude. I sure hope I’m right….



On another somewhat related note:

I came home from dropping my son off at school this morning and a guy on the radio was doing a little ditty about how if you invested $1K in various stocks a few years ago, where you’d be today on your investment. All the examples he gave were down the lines of: “If you bought $1000.00 worth of xxxxxxx, you’re $1,000.00 would be worth $8.53 right now.”

Then he went on to beer. (That got my attention.)
He said that if you’d have invested $1000.00 in beer in aluminum cans three years ago and cashed in the cans now, your $1000.00 would be worth something down the lines of $38.75 right now. Bottom line was that so many stocks are so low that the cans from a $1K beer purchase three years ago would have beat out many of them as an investment.

I had to chuckle at first. Then I though...if this is true…wow…not good…

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1980 300D - Veggie Burner !

Holding on to those Folger's cans to bury cash in the yard........

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Sharing my partner's 2012 Forte 5dr SX til I find my next 123 or 126..
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Do I miss being a service advisor ???