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Zuzu Fassbinder
Little Miss No Tomorrow
Join date: 17 Sep 2004
Posts: 2,048
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06-14-2006 10:40
From: Elror Gullwing Exactement.... I hear people that did not panic in October '87 and quietly bought up cheap shares and paper being dumped by everyone else made a FORTUNE.
*waves at Khamon Yeah, I made some good money investing after the tech bubble burst recently, but you need to go for value. Downturns like this will tend to shake out companies that aren't firmly founded and buying them low does no good when they go under 
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From: Bud I don't want no commies in my car. No Christians either.
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vivi Odets
Flibbertigibbet
Join date: 4 Sep 2005
Posts: 698
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06-14-2006 11:58
From: Lewis Nerd You can't beat cash in a cookie jar under the bed for security. When I was growing up, pre-ATM days, my mom would keep cash in the vegetable crisper in the fridge. Her theory was that if the house burned down, the fridge might survive... *Fairly totally off-topic, but these threads by the OP always need a little diversion* |
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Helen Goff
Registered User
Join date: 26 Mar 2006
Posts: 71
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06-14-2006 13:26
Quote from June 19th issue of Forbes:
Gold competes with the Bernanke dollar, just a it did with the Greenspan dollar and just as it has with government-issued money since the invention of the printing press. The historical record is undebatable; 1) Currencies ultimatley lose their value. 2) gold is a lousy Long term investment. 3) Yet when markets lose confidence in paper, there is nothing quite like a krugerrand.
Above written by James Grant. Titled Glitter.
If you cannot afford krugerrands, silver rounds, zinc and copper may do.
I don't know if that is cheerier information....
edited to change james to James.
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