Reply to DOJ going after Jerome Powell

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Like I keep telling everyone. Gold. Just buy the  ETFs: GDX, PHYS, NUGT, UGL, DGP. Stop fking buying Bitcoin. You people have no idea what is going on. But gold.[/quote]

But is there much more room to run? [/quote]

Yes. There is. It’s a safe haven. It counters inflation. It’ll run to $5,000 and higher.[/quote]

If you bought gold at the height of the great financial crisis you’d have been down 50% within 5 years [/quote]

And we’ve not yet entered our newest financial crises yet. NVIDIA is still propping up the market. We still have a bunch of lipstick on the pig. Apparently, employment is doing “well”but doesn’t feel like it, does it?

Soon interest rates are gonna get cut, we are getting a new Fed chief who will cut rates, QE is coming, silver is now a critical mineral, the world is very unstable and there’s a ton of crazy policy sht going on you see in the news everyday, so no you are not correct in downplaying gold prices. You are completely wrong. Gold and silver and precious metals are going to fking continue to rally in 2026 because of all this insanity. Stop trying to downplay it. It’s fking happening and you have no idea what the fk you are talking about.[/quote]

The more this person posts about gold, the more I'm sure staying the course with S&P index funds is the right way to go.   Don't let politics interfere with your financial decisions.   Look at the people that said Great Depression 2.0 was coming in early 2025 and exited equities - think they are back in yet?  At what cost?

Dollar cost average and never sell.  Large market drops are just buying opportunities.[/quote]

I agree long term that S&P (but more likely international index funds for the foreseeable future) are good investments. No one is saying they are not. However, how you can just have blinders on to what’s going on is kind of incredible. Maybe your news is silo’ed off a certain way so you’re only seeing bullish things. But isn’t there a part of you that is wary? Jobs numbers were just revised down again. Inflation doesn’t really seem that tame, does it? We’ve had an incredible decade of stock market growth, and rate cuts and qe will surely stimulate the markets for a little while longer. However, whether you believe or not, stagflation is on the horizon. I am continuing to have my index funds, but am allocating a ton of money to gold bullion ETFs and miners. I’m happy you will apparently have extra cash to DCA into VTSAX or whatever,  even when the market is down, but I’m and playing things much more defensively.

I think the foreseeable future for good investing is gold and international index funds. Things are too nuts these days. Too fking crazy out there not to want to have the hedge of precious metals. When things crash I will sell them and buy VITAX, FSELX and other tech stuff that will be on sale and then hold that for years.[/quote]

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