Friday, August 7, 2009

If the feds cut intrest rates do you buy banks or do you buy gold?

If you are ahead of the curve, you would buy gold because it is going to increase.. However, you must do this before it goes up.. If you do not, you will be paying a premium for this item and will end up losing money.. Investments in banks at this time are not recommended due to a possible 300 billion writedown in their industry still to come.

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