Turmoil in financial markets, FED cuts 3/4 in emergency move

[Peto]

Originally Posted by Yahoshua

If I were you people I'd be more worried about a mass panic among the populace.

Recalling how the Great Depression actually came about was by panic-mongering and the people's overreaction actually caused the stock market to crash. While buying stocks and bonds are all great and wonderful, it'd be worthwhile to also keep some more flexible currency with you; namely gold.

Gold is an undisputed trading standard for the world market and while it may lose some value in a market crash (or gain value, I'm not sure), it is guaranteed to be worth SOMETHING more than a piece of green cotton-paper.

Yep. You're spot on Yahoshua. And the roller-coaster ride the stock market has been on lately only serves to exacerbate those fears. Or perhaps is more a sign that they already are following more of an emotional track than a pragmatic one.

As for the gold, I was losing sleep because it made my matress too lumpy . Or maybe I couldn't afford it in the first place :hmm:.