to DC

The fed wont do any more qe bc its time to see if the economy can stand on its own.

Also;
If they do inflate any more, the tea party will explode in national favor, ron paul WILL get elected, and we will have a legit reset and gold will go to 100,000 or something stupid lol.

bring on qe3, ron paul 2012

Well I guess we will find out; but with downgrades; EU turmoil; and upcoming Chinese recession; I can't imagine Obama is going to have a good economy by the election. This i think will make them want to slip in a hush hush qe3.

Lol nunes; I know deep down you love me or something. Your always popping up in my threads to say hello :p

buying gold is like the equivalent of putting all your money in a monkey market imo (its not but you get my point). so it depends on where you are in life and how conservative you want to be with your money. if you really believe your money is at risk and you cant afford losses pull it out.

i tend to believe that yes while the economy might struggle for a few more years, over all most companies will bounce back. corporations rarely are stupid enough to not have some sort of back up plan to make it through a hard time because business is a numbers game and businessmen understand this.

ps sorry you bought a house then. that hurts.

ps dead if that is your definition of love we need to get you out more :P

also i mighta sounded semi intelligent there lolz. oops.

I was being facetious :p

K8 I agree with your sentiment about Gold being like a money market. However I differ on one little detail; Gold will be unaffected by inflation where a money market account is probably not going to perform that well during the inflationary environment. However I do agree that it is a similar concept; you will not 'create' wealth using either a money market account or buying gold; you are only protecting your current value.

"The unfortunate truth is that in order to actually fix this problem things will get worse before they get better. Currently there is no political will for this; so we continue to drive ourselves into debt for what amounts to an addition to trillion dollar pain relievers."

I couldn't agree more dead. I also think until we do this the economy will continue to struggle because it's built on an unstable foundation. Ron Paul 10 years ago I MIGHT have voted for in the upcoming election, but he's kinda losing it now :P

Thats why i said its not :P. You understood me perfectly

Oh see i ruined it now too. I dont sound smart anymore...I said I might have voted for Ron Paul lmao

Btw; Monte; the house wasn't as bad of an investment as it may seem now. (I'm assuming you aren't underwater.) With a fixed mortgage; and with a long enough amount of time holding it (probably need to wait 5-10 years) but the house will guard your principle against inflation.