(April 14, 2011 at 9:37 am)theVOID Wrote:Quote:There is more to running the economy on more than just gold. Copper is a good commodity, and one that I deal with most of the time. Its difficult to start off with as well, but I have been doing it for a decade now. When the price hits right, I sell ALL of it and cash in.
Copper is alright, but it's best to trade it short, it's too readily available when needed to hold it long, when the prices get too high people start mining it around the clock and before you know it you've lost a good chunk of your gains, even if the dollar keeps declining relative to other commodities.
If you're going to cash out make sure you only do it when you want to buy stuff, a week can see you loose up to 5% of the value you had in copper once you change it to cash.
If you want a tip it is this, as soon as you next get hint of the Fed going through another round of Quantitative easing go and dump all of your dollars in precious metals, something that doesn't trade as short as copper, silver or gold for instance, and sit on it for a good 5 years, you'll at the very least have secured your wealth but it's more likely that you'll make a damn good buck from it. Be wary of Gold bonds, when they're in high demand more fuckers tend to print certs for metals they don't have, you'll want to be holding it. Might even be worth a trip over one of your borders when it comes time to cash out, they tax it far less than your government.
That was a pretty intense and informative bit of writing void. Very intense.But I am fucking baked right now, sooooo, Thank you. haha.
