Bernake....what'd you do....

[Ripon83]

Dang just when we get a nice little correction going in the silver market you send it through the freekin roof.....dudes a loser. Says we have inflation under control. People speak loudly with dollars - drive silver up 5% and gold up $22 an ounce in minutes. IN other words people, Mr. Bernake, are calling you a liar.

[Lost.monkey]

I know, right?

Promised more of the same.... 0-0.25% interest rate, and continued QE.

So far, between QE1 and QE2, there's $1.8T of funny munny floating out there. I bought my silver @ $18/oz, not as an investment, but to lock in that $18 come what may.

Now that it's $48/oz, I haven't made any money. Matter of fact, I guarantee the cash in my accounts and 401K have lost far more by inflation than I will ever gain through my physical holdings.

Perhaps it is time to stop investing in the 401K?

[sanjosebmx]

the stock market is still going up up up... the share prices are staying flat though.. relative to inflation...

that's my take anyway...

money market is a big loser right now...

[Lost.monkey]

Grim picture

10 years history, a bleak picture of where we were, and where we are headed.





Don't want to be the guy holding a lot of dollars when the music stops.

[Ripon83]

Hear Hear

Being an old fart I was hoping to sell some of the silver I bought years ago; and move it over to junk coin for SHTF needs. I have some junk coin but you never feel like you have enough. I still feel good when I sell some of the rounds I bought in the late 80's early 90's for $5 and $6 total including tax. Especially when I turn the cash around and buy something I've wanted (gun wise) for a really long time. I look at my two last purchases ($1100 total) and realize they cost me about $160 + 18 years of storage - like I didn't have the room for 27 ounces of silver. I don't think 18 years ago I could buy a 1911 and ppks for $160 - could I?

Promised more of the same.... 0-0.25% interest rate, and continued QE.

So far, between QE1 and QE2, there's $1.8T of funny munny floating out there. I bought my silver @ $18/oz, not as an investment, but to lock in that $18 come what may.

Now that it's $48/oz, I haven't made any money. Matter of fact, I guarantee the cash in my accounts and 401K have lost far more by inflation than I will ever gain through my physical holdings.

Perhaps it is time to stop investing in the 401K?