Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
metals sneaking back up..
>
Reply to Thread
Message:
<p>[QUOTE="gxseries, post: 382499, member: 4373"]You wouldn't even be able to stock precious metals as investments if it gets any worse. Chances are when things get financially tight and for people who are living from check to check, this is when people have to start selling everything they got and it's not a pretty sight. Yes you can tell me USD is going to keep falling, things get more expensive but does that mean you can afford daily living AND investing? Yes, if you are financially capable but there are some who have already fallen into deep trouble. </p><p><br /></p><p>Oil prices aren't going to go down any time soon although it may be a bit high from speculation - oil prices have been historically too low and undervalued. With little money recovered from the previous old prices, there was less incentive to invest in large scale projects as new projects are just too expensive, in particular with offshore drilling. Now when you hear oil companies making huge profits from the current oil prices and if you dare to claim that they are making excessive profits, let me remind you that a new project usually comes at a price tag of way over hundreds of millions, in some cases, more than a billion if it's a long-life oil rig. Money just don't come from nowhere. </p><p><br /></p><p>People in China and India are going to pay for them regardless of how expensive it gets. It's a status of symbol for them. Now, if you are talking about equal rights, they do deserve to drive, don't they?[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 382499, member: 4373"]You wouldn't even be able to stock precious metals as investments if it gets any worse. Chances are when things get financially tight and for people who are living from check to check, this is when people have to start selling everything they got and it's not a pretty sight. Yes you can tell me USD is going to keep falling, things get more expensive but does that mean you can afford daily living AND investing? Yes, if you are financially capable but there are some who have already fallen into deep trouble. Oil prices aren't going to go down any time soon although it may be a bit high from speculation - oil prices have been historically too low and undervalued. With little money recovered from the previous old prices, there was less incentive to invest in large scale projects as new projects are just too expensive, in particular with offshore drilling. Now when you hear oil companies making huge profits from the current oil prices and if you dare to claim that they are making excessive profits, let me remind you that a new project usually comes at a price tag of way over hundreds of millions, in some cases, more than a billion if it's a long-life oil rig. Money just don't come from nowhere. People in China and India are going to pay for them regardless of how expensive it gets. It's a status of symbol for them. Now, if you are talking about equal rights, they do deserve to drive, don't they?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
metals sneaking back up..
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...