go go GOLD
It is better to divesify your investment, do not put all the egg in 1 basket. Gold is for long-term investment. But there are many long-term investment you can make. For example, the commodities stocks like energy, agriculture, mining business....In the long-run those investment will grow...Look at the supply and demand of those things you buying..are getting higher. Therefore the price of those stocks will go up. The most important thing is that, do not get panic when the stocks fail. People make irrational decision in times like this. They afraid of losing money, so they sell. But people who keeped their good investment without panic attack will make money in future. =)
Thanks for the tips, Erica. Among gold, palladium, platinum and silver, I finally picked gold.
Instead of buying GLD, I've been shorting DOW all the way from 11,500 with an 2x inversed ETF.It's a free fall from here to the 2002 low.
good for you!i don't have US trading account...but i'm considering buying GS when it reaches $100
Yes, I am going to pick up shorting skill soon. If you look at the Gold chart today, when DOW was plunging at around 3:15pm, Gold immediately shot up, huge shot up.
"I've been shorting DOW all the way from 11,500 with an 2x inversed ETF."Thanks to Anonymous for the above tip as well. I never know this kind of ETF exists.