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Matador · 08-09-2011, 09:09 AM

Quote:

Originally Posted by Dimman

Everyone who is dumping stocks is now buying gold? (What a mess... Hope the US sorts things out soon, before they drag The world down with them.)

Fixed that for yah.

Gold as an investment IMO does not make much sense right now. Too expensive. Gold as a way of protecting wealth? Yes. Has always made sense and still makes sense today. How much Gold is in Fort Knox?

tranzformer · 08-09-2011, 09:21 AM

Quote:

Originally Posted by MatadorRacing_F1

How much Gold is in Fort Knox?

I thought the aliens stole all the gold in fort Knox?

bofa · 08-09-2011, 10:47 AM

Quote:

Originally Posted by Dimman

Everyone who is dumping stocks is now buying gold? (What a mess... Hope the US sorts things out soon, before they drag Canada down with them.)

Shhh... let them continue selling low so I can buy. Then I'll happily take that gold off their hands in a few months when things settle.

no_name · 08-09-2011, 11:47 AM

Dammit you people are being far too rational. I came on here looking for some discussion on sweet cars and then you guys are all 'don't buy this car, buy a house, it's more practical' and now I'm thinking 'man, I really should just buy a house and keep my Hyundai. I can't afford and house and new car'. You guys are jerks.

bofa · 08-09-2011, 11:55 AM

With the prices today, you might be able to buy both... or put a good dent in both and have very small payments.

1660 · 08-09-2011, 12:17 PM

Quote:

Originally Posted by Giccin

5. Invest in gold.

Gold hit a new high overnight, $1782.50.

Random_Art · 08-09-2011, 12:38 PM

Quote:

Originally Posted by 1660

Gold hit a new high overnight, $1782.50.

that's great, assuming you have gold already. Idiots buy gold when it peaks like this. Smart people wait for the market to bottom out to buy then sell to the people who buy at record prices.

dominican · 08-09-2011, 02:42 PM

Quote:

Originally Posted by no_name

Dammit you people are being far too rational. I came on here looking for some discussion on sweet cars and then you guys are all 'don't buy this car, buy a house, it's more practical' and now I'm thinking 'man, I really should just buy a house and keep my Hyundai. I can't afford and house and new car'. You guys are jerks.

Yea, well, I'm sort of in the same predicament. You know what? do what you think makes you happiest. It's probably smarter to buy a house at this point, but it's not always necessary to do it right at this moment. I'm here in South Florida, and I look at used cars, condos and homes almost every day. I realize it's better to pay my own mortgage than to pay rent, and I want to buy a newer car since I drive so much (all for leisure, I can walk to work if I really want to).

I should buy a house first, then a car, but I think I'll be doing the car thing first. After that is payed off, I'll get a house (preferably a condo.)

Have you looked at s2000s? I've been looking at quite a few of them, they are very fun cars.

Allch Chcar · 08-09-2011, 03:08 PM

Quote:

Originally Posted by no_name

Dammit you people are being far too rational. I came on here looking for some discussion on sweet cars and then you guys are all 'don't buy this car, buy a house, it's more practical' and now I'm thinking 'man, I really should just buy a house and keep my Hyundai. I can't afford and house and new car'. You guys are jerks.

Most of us are still in our 20's early 30's. Buying a house is a bigger priority now followed by a newer car later. No one wants to be "that fool" who lives in a doublewide with a brand new car sitting in the gravel driveway.

82mm 4g63 · 08-09-2011, 05:57 PM

I built a house down here in florida 8 years ago, moved down when it was completed, and lived in it for 18 months before selling it. I was lucky to get out of that mortgage and walk away with some extra spending money. I'll be renting for probably the next decade with a huge smile on my face.

Want.FR-S · 08-10-2011, 11:59 AM

Quote:

Originally Posted by 1660

Gold hit a new high overnight, $1782.50.

And now it is hitting that magical number 1776 USD!!!

But all in all, do *you* have gold currently that is making money?

BTW, just on paper, if one can use the tides of the stock market in the past few days, he/she would rake millions of dollars in 3 day.... only if on paper.

serialk11r · 08-10-2011, 01:02 PM

Plenty of people are making tons of money, you just need to have money to use and know how to use it. Ever heard of quant trading?

1660 · 08-10-2011, 03:08 PM

Quote:

Originally Posted by serialk11r

Plenty of people are making tons of money, you just need to have money to use and know how to use it. Ever heard of quant trading?

Is that like leveraged trading or derivatives? What houses?

Do you know who is doing statistical arbitrage?

1660 · 08-10-2011, 08:09 PM

Quote:

Originally Posted by Giccin

5. Invest in gold.

Gold crossed into $1800s today on the Hong Kong exchange.

08-09-2011, 11:55 AM	#47
bofa Senior Member Join Date: May 2011 Drives: Ms. Daisy Location: Dog house Posts: 645 Thanks: 0 Thanked 2 Times in 2 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	With the prices today, you might be able to buy both... or put a good dent in both and have very small payments. __________________ BRZ before hoes

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08-09-2011, 11:47 AM	#46
no_name Senior Member Join Date: Oct 2009 Drives: 2005 Hyundai Accent Location: Ottawa Ontario Posts: 306 Thanks: 27 Thanked 15 Times in 7 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Dammit you people are being far too rational. I came on here looking for some discussion on sweet cars and then you guys are all 'don't buy this car, buy a house, it's more practical' and now I'm thinking 'man, I really should just buy a house and keep my Hyundai. I can't afford and house and new car'. You guys are jerks.

08-09-2011, 05:57 PM	#52
82mm 4g63 4G63 & Rotary Join Date: Jun 2011 Drives: 92TalonAWD, 93RX7, 11F150EcoBoost Location: Florida Posts: 627 Thanks: 0 Thanked 0 Times in 0 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	I built a house down here in florida 8 years ago, moved down when it was completed, and lived in it for 18 months before selling it. I was lucky to get out of that mortgage and walk away with some extra spending money. I'll be renting for probably the next decade with a huge smile on my face.

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