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Recession

Discussion in 'Other Discussions' started by Earth Wind and Fire, Aug 11, 2019.

  1. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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  2. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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  3. Wingman68

    Wingman68 Well-Known Member
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  4. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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  5. InTheLight

    InTheLight Well-Known Member
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    What if you had bought stock in ROKU 10 days ago? How much would you be up?

    Sent from my Pixel 2 XL
     
  6. Reynolds

    Reynolds Well-Known Member
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    Roku may go up, may not. Buy gold around 1200, sell around 1700. And do it again and again. (Adjust for inflation)
     
    #6 Reynolds, Aug 13, 2019
    Last edited: Aug 13, 2019
  7. Wingman68

    Wingman68 Well-Known Member
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    I like the liquid aspect of it. I view it as a backup to other hard assets. If things really went south, like an EMP, what you have physical possession of will be all you have. You won’t be making withdrawals from your 401, or even your checking account. Gold, silver, cash, ammo, food, water, & I’ve got 10 acres with a good wood supply, & wood burning stoves. Am I a prepper? No, just like to be prepared.
    The last time I actually sold any gold was to pay off my Dad’s mortgage, because I didn’t want to pay tax on withdrawing from the 401. He had borrowed against the house when he needed a new roof, & of course used the handy dandy credit line for other things. Then he realized he was never going to be able to pay it off because payments just service interest. Clear title on your humble abode? Priceless.
     
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