Capitalism.

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Re: Capitalism.
Reply #30 - August 18, 2011, 01:30 PM

naija... my stock was worth 153 dollars per share on 9/10/01
the next day, my stock dropped to 4 dollars per share.
In ten years, the highest it ever got again was 9 dollars
per share. Lost my retirement for damned sure.
Started buying gold and gems after that. hard, cold,
tangible investments.

When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has been opened for us.
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Re: Capitalism.
Reply #31 - August 18, 2011, 01:38 PM

gold isn't necessary a solid investment to make atm, the demand for it is decreasing

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Re: Capitalism.
Reply #32 - August 18, 2011, 02:02 PM

^ but its more reliable investment than such things as stocks which is security. Gold and other metals are the few investment vehicles that brings returns to you in a long run. It appreciates every ten years or so. By the way, where did you hear that Gold is not in demand?

Here is the chart of Gold Price from 1975-2011
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

Imagine you bought one ounce of gold at $58 in 1975,36 years later that one ounce of gold is valued at $1758. Imagine you bought more than one ounce, do the math

Jnt: Stocks arer sanitized investments that follows guidelines of SEC(Securities and Exchange Commission).it can appreciate or depreciate depending on any factors. Personally for me if i want to invest in stocks, then i have to check the company details such as financial statements and their management to see if i can trust the company or not before i buy their stocks. Its something i recommend for one to do so rather than let the stockbroker do the work for them by speculating. Stocks are not always reliable.W

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"No theory,No ready made system,no book that has ever been written to save the world. i cleave to no system.."-Bakunin
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Re: Capitalism.
Reply #33 - August 18, 2011, 02:12 PM

^ very true, though I never said it wasn't in demand, just that demand for it was decreasing, in an article it
stated that demand fell by 17%.

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Re: Capitalism.
Reply #34 - August 18, 2011, 02:19 PM

Its costly thats why, yet its still worth buying

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"No theory,No ready made system,no book that has ever been written to save the world. i cleave to no system.."-Bakunin
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Re: Capitalism.
Reply #35 - August 18, 2011, 03:14 PM

Quote from: Naija Infidel on August 18, 2011, 11:03 AM
Sorry for the necro, but i would like to know how they charge interest rate and why its not different from the conventional banks? Thanks

I just want to say my posts in this thread were awesome and I larned IsLame good!

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