Trump Refuses to Rule Out Recession, Stock Market Dips 10%

[FourCrossedWands]

5% difference is nothing and gold is not for trading. You buy gold as an insurance against your other riskier investments and basically never sell it if you don't have to. It's a complete opposite of crypto.

If everything goes to shit, including banks, you can still sleep well because you have your stack of gold that either holds its value, or even goes up in price.

[Breakingthewall]

Maybe silver is a good idea due to its industrial demand

[Leo Gura]

22 minutes ago, FourCrossedWands said:

5% difference is nothing and gold is not for trading. You buy gold as an insurance against your other riskier investments and basically never sell it if you don't have to. It's a complete opposite of crypto.

If everything goes to shit, including banks, you can still sleep well because you have your stack of gold that either holds its value, or even goes up in price.

I want to be able to cash out of gold in a crash to buy stock.

Gold ETF works.

Edited 9 hours ago by Leo Gura

[Alex4]

13 hours ago, Leo Gura said:

 

I didn't say I made money in stocks. I meant I started my biz.

Obviously the lesson is to buy when everyone else is drowning in their own blood.

The best time to buy stocks in 1 year into a solid bloodly crash when hope is 0%. You must do exactly the opposite of what everyone is doing. If fools are buying, you sell. If fools are selling, you buy.

You gauge the market by what the fools are into, and do the opposite.

 

[FourCrossedWands]

36 minutes ago, Breakingthewall said:

Maybe silver is a good idea due to its industrial demand

Silver is kinda bugged now and has been going sideways for a very long time. My theory is that crypto has partially replaced it as an invesent.

Silver has always been a speculative alternative to gold as it was supposed to be up even more during a bull market.

There is way too much silver in the economy and it's just not as attractive as gold right now.

[NewKidOnTheBlock]

12 hours ago, ChadT said:

I'd offer some better advice for most people...  Dollar cost average into a low cost S&P 500 index fund, consistently over your lifetime.  Don't jump in and out and a keep buying, in good times and bad. 

Yes indeed, it is the boring stuff that always works. But ofc that won't stop people from endlessly talking about investing as if it was some hard science worthy of being discussed endlessly LOL

ideally you'd do all these strategies at once - consistently auto investing the exact way you've described, while also trying to time the market with a portion of your money saved up, buying property and gold, speculating with crypto, etc.

Tbh sometimes I'm at a bit of a loss about the choices investors collectively make, like, for example what is their reasoning behind pulling out of S&P 500 ETFs. "Trump create tarifs so me no trust American economy no more" not realizing that by doing that they'll eventually make those stocks a good investment again. It's just all one big illusion and game

[PurpleTree]

8 minutes ago, FourCrossedWands said:

Silver is kinda bugged now and has been going sideways for a very long time. My theory is that crypto has partially replaced it as an invesent.

Silver has always been a speculative alternative to gold as it was supposed to be up even more during a bull market.

There is way too much silver in the economy and it's just not as attractive as gold right now.

When will gold dip again?

I want some of that glittering gold baby.

Not much. 

 

[Leo Gura]

@PurpleTree Can I interest you in some magic beans?

[PurpleTree]

8 minutes ago, Leo Gura said:

@PurpleTree Can I interest you in some magic beans?

Only if they are coffee beans or cacao beans or magic beans.

[Breakingthewall]

1 hour ago, FourCrossedWands said:

Silver is kinda bugged now and has been going sideways for a very long time. My theory is that crypto has partially replaced it as an invesent.

Silver has always been a speculative alternative to gold as it was supposed to be up even more during a bull market.

There is way too much silver in the economy and it's just not as attractive as gold right now.

It seems that it is increasingly necessary in technology and many analysts say that its value will increase a lot, but they also say that about many other things.

[Lyubov]

Hope it doesn’t go down too much. I need my portfolio to stay strong cause I was planning on using it to start a business.

[Butters]

I heard that Canada's counter tarrifs on the U.S. could put the entire car industry to a standstill. It's probably those utterly unnecessary tarrifs that will jumpstart this recession.