Article: Billionaires Dumping Stocks bc of looming economic meltdown

[AnabolicDoc]

http://www.moneynews.com/MKTNews/bil...source=taboola

Definitely worth the 5 min read. Also most importantly, watch the video at the end.

I was hoping we could get some more opinions on this article. I'm really concerned if what they're saying is true. I guess I'm somewhat hoping more ppl comment saying that they think it's all BS for whatever reason.

What bothers me most about this article is that in the video the analyst says that he thinks we need increased consumer spending to get out of this recession but it's articles like this that directly scare ppl into saving and away from spending.

[GirlyGymRat]

I was hoping we could get some more opinions on this article. I'm really concerned if what they're saying is true. I guess I'm somewhat hoping more ppl comment saying that they think it's all BS for whatever reason.

What bothers me most about this article is that in the video the analyst says that he thinks we need increased consumer spending to get out of this recession but it's articles like this that directly scare ppl into saving and away from spending.

I started investing in gold and silver in 2009. I will be moving more into gold. Market is always cyclical but I think we are going to see lower lowers and less higher highs in the years coming bc US can't get debt under control and can tax it's way out of spending. My .02

[ElectraMaddox]

I started investing in gold and silver in 2009. I will be moving more into gold. Market is always cyclical but I think we are going to see lower lowers and less higher highs in the years coming bc US can't get debt under control and can tax it's way out of spending. My .02

I personally believe commodities should only be compliments in a portfolio... Actually I had this discussion an hour ago with the big wigs at my company and they made a great point to me. Rates were higher than(recession and post recession) they are now and have since gone down, gold has gone up and keeps going up...even though its a new trend, that proves its not cyclical and is based on other factors like supply and demand and rates are artificially held down, so when the govt decides not to do that anymore and people need more cash on hand to spend, where is it comming from? A demand for cash is needed, where are they going to take from... Hence what will happen to gold then?

[lovbyts]

I started investing in gold and silver in 2009. I will be moving more into gold. Market is always cyclical but I think we are going to see lower lowers and less higher highs in the years coming bc US can't get debt under control and can tax it's way out of spending. My .02

Just hope they dont do like they did in 1933 and make another executive order Prohibited the hoarding of gold coins, gold bullion, and gold certificates. It was illegal to have over $100 in gold. Yes they really took gold away from the owners because the government decided they needed/wanted it.

[GirlyGymRat]

Just hope they dont do like they did in 1933 and make another executive order Prohibited the hoarding of gold coins, gold bullion, and gold certificates. It was illegal to have over $100 in gold. Yes they really took gold away from the owners because the government decided they needed/wanted it.

I didn't know this was done. Wow

[lovbyts]

I didn't know this was done. Wow

http://en.wikipedia.org/wiki/Executive_Order_6102
Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Never underestimate what the government can/will do to keep civilians weak and distracted in the time of uprising.

[ElectraMaddox]

I was hoping we could get some more opinions on this article. I'm really concerned if what they're saying is true. I guess I'm somewhat hoping more ppl comment saying that they think it's all BS for whatever reason.

What bothers me most about this article is that in the video the analyst says that he thinks we need increased consumer spending to get out of this recession but it's articles like this that directly scare ppl into saving and away from spending.

to be frank, I'd disregard that article, I follow major asset managers ideologies... Why b.c they hire the best of the best fund managers. They have the most dollars in their portfolios and implementing the wrong strategies would cause a huge decrease in their pay... I'm interested in what those people have to say.