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Jetmek_03052

10/30/14 10:32 AM

#3232 RE: oilin07 #3229

I haven't been following this thread for quite some time. Unfortunately, personal events in my life forced me to sell my position in GE some time ago. So I don't know your stance on things.

However, it's well known the government has been propping up the economy with the QE. This has led to a false security. The good (or bad) reporting of company operations had been skewed with all the money flooding the economy. Thus, all markets have risen falsely (in my opinion).

Obviously, once the QE totally ends (if it actually does), the stock market will be driven by actual results.

Many (myself included) think that once the QE ends and the economy starts to dip precipitously, the Government will have no choice but to start up the printing presses again and flood more money into the economy.

Unfortunately, the government has started this country down a road it may never recover from.

All my opinion but history is a great teacher. This approach has been tried throughout history by many governments. It has invariably ended in disaster every time.

I have recently liquefied a small cash IRA (a little over $100K) and turned it into a position of physical Gold and Silver. This is a small portion of my retirement portfolio and I may well take a loss on it. But if my suspicions come to pass, in a small period of time (2-5 years, maybe sooner?) the dollar won't be worth much. Gold and silver may skyrocket. But if they don't, at the very least physical gold and silver will have to retain SOME value.

As I said, all my opinion. I hope I'm incorrect and the government can either find a way out of this mess, or at least continue the dog and pony show until after I leave this Earth.

Really wish I hadn't had to sell my stake in GE. I think it's a rock and offers good returns.

Good luck!