grizzley
New Member
It'll work sooner or later
Posts: 3,739
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Post by grizzley on Jan 26, 2009 23:02:12 GMT
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Post by lawrence on Jan 26, 2009 23:12:25 GMT
So Pfizer will spend 68 billion to gobble up another company and pay for it by closing 5 factories. How will this help us ?
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Post by redanchor on Jan 27, 2009 2:01:22 GMT
Hey Mr Grizzley. Where do you see the US dollar going over the next 12 months or so, and the price of gold? Ive bought shared in a gold mine (up 40% or so in the last 2 months I've had it). Do you subscribe to the Peter Schiff and others theory that the US dollar is screwed?
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Post by lawrence on Jan 27, 2009 19:03:17 GMT
The slew of layoffs announced this week is largely due to the fact that it is earnings/losses reporting time for Wall street. Obviously few firms will be reporting good news from the disastrous 4th quarter and likely there will be a repeat come April as this 1st quarter doesn't look any better.
R.A. The dollar is screwed but relative to other currencies it is still the safest place to be for now thus its recent strength . Beware Sterling as the pound has become and is becoming akin to Monopoly cash.
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grizzley
New Member
It'll work sooner or later
Posts: 3,739
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Post by grizzley on Jan 27, 2009 19:53:24 GMT
I am not a holder of U.S. cash. Too many printing presses working overtime. Gold is the only currency that has lasted the annals of time. Fiat currencies have come and gone. While the U.S. dollar is holding its value for the moment, when hyperinflation hits watch out.
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Post by jimboky on Jan 27, 2009 22:31:00 GMT
I like Gold, and trade goods.
I think this recession could have been a mild one, with the help of Bush and Obama however it could go on forever. the only plan they have is to use the old credit card.
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