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In reply to the discussion: GM to move all salaried workers to 401K plans [View all]airplaneman
(1,383 posts)51. You are correct on gold.
Thanks for the reply and you have a good point on gold but from looking at the chart I see the start of a down channel breaking out from a parabolic up. Right now does not look like a good time to be getting in until we see a reversal of the down channel. I also see an exception to your January to January for 2008 to 2009 the whole year appears to be a down channel. I personally bought a chunk of gold in 2000 and held without adding and spent too much time and money in gold stocks instead.
P.S. I agree with you on investing and fiat money in principle. Nice to see someone else out there thinking about all of this too.
Cheers again.
Airplane
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I've never worked anywhere more than 6 years. If I didn't have a 401k I'd have no employer help
dmallind
Feb 2012
#6
The purpose of the 401k is to make people believe that given enough time, they too will be a 1 %'r.
harun
Feb 2012
#3
Mitt Rmoney can come in and strip the plan naked and send it to his offshore accounts nt
msongs
Feb 2012
#8
the banksters are laughing as more & more are forced into their gulag casino (aka the rigged market)
stockholmer
Feb 2012
#9
Pension funds have a huge advantage when they invest because they are larger
JDPriestly
Feb 2012
#23
And if putting money in drives up the market, what happens when Boomers retire and are pulling out?
ieoeja
Feb 2012
#19
That is the part about our current recession that nobody wants to talk about.
JDPriestly
Feb 2012
#24
there IS something you can do,(not political)-make informed investments aimed at wealth preservation
stockholmer
Feb 2012
#38
gold and silver have been stores of wealth for 6000 plus years, and the price they have vis-a-vis
stockholmer
Feb 2012
#42
mining stocks(especial the junior and mid-tier sectors) are a space I only venture into with serious
stockholmer
Feb 2012
#45