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Old Timer

06/24/09 10:10 AM

#3169 RE: tigertrader #3167

I personally have purchased a number of firearms for home protection should worse come to worse. I also obtained my concealed carry permit for when I'm not home. The most difficult thing to find is ammo. It is in extreme short supply for most pistols, especially the 380, a very popular concealed weapon. I hope I never have to use a weapon to protect myself, but I want to be prepared just in case. In any event, the guns are going up in value and will make for a good investment in the long run.

LongCYRX

06/24/09 10:26 AM

#3170 RE: tigertrader #3167

This diversification away will definitely hurt the dollar but IMO will be good for us in the long run. It would lower the influence on our currency and it's subsequent influence on commodities from outside investors. IMO, if there is global reserve currency, it would actually help decrease currency volitility but it will be a long while before we see any kind of super reserve currency.

The majority of banks are not in trouble, it is just the larger investment banks, but they do hold a good grip of investments. It is pitiful, our clients that did not take the risk (like most americans)and have to pay for these bailed out jokes with special FDIC assessments in which they originally were supposed to pay 15 basis points on total deposits! What a joke that was, wow banks had a real incentive to bring in deposits then...yeah right! It was decreased substantially to .05% of total assets minus capital when they realized how unfair it really was (bank CEO's replying to the FDIC saying F U !).

Insolvency plaguing most of the states is a real threat and I hope we can see some positive growth and employment rise to help this situation.

Like you said, I personally like all commodities and precious metals at this point.