Is it time to jump into the Canadian Stock market?

bryant.coleman

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Quote from: calkob on February 12, 2016, 06:45:48 PM

Sounds pretty much like the same thing gordon brown did in the uk, sold off Britains gold reserves at knock down prices...... Shocked

The United Kingdom Pound is no longer backed by gold, and back then the government was facing a lot of financial difficulties (partly due to their involvement in invading various third world nations). Brown decided to sell a part of the gold reserves, as he thought that the gold was unproductive. Also, back then no one thought that there will be a rally in the gold prices in the near future.

Kprawn

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I will not jump into any Stock market at this stage... the world economy is taking a nose dive and the stocks will reflect it first. Gold stocks seems to be

the safe haven for now, but I would rather buy physical goods now, if it gets really bad. In the end, these stocks are just digital assets... you cannot

go to a entity and claim your physical gold or silver, when things collapse.

Zeke2345

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Canada is a resource Country like stated but I do not see doom and gloom for oil as a lot are predicting.
This seems like a great spot to speculate and the big question is when!
Saudis can not afford to keep going with the open flood gates at the cost of their own economy. They are not diversified enough to keep playing this game of pushing people out of the market. Iran is major issue and they will need all the funds they can get to keep this cold war in hand.
Would be looking at pipelines,railroad and resource companies like Finning.

This may be to adventurous for some but money can be made if Oil rebounds hard.

The Sceptical Chymist

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As I am a lover of stocks, I would have to say yes, put some money into the stock market. Don't follow Canadian exchange(s), but all the US stocks have taken a bath recently and there may be some good bargains. Can't say for sure, of course, but yeah. I'd do it.

btcbug

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Quote from: spazzdla on February 12, 2016, 03:41:11 PM

Opinions?

I am as invested in crypto as I am willing to be, I will not put all of my wealth into one thing.

I'd say no. Oil probably has further to drop and the Canadian economy is very resource heavy. Also, if you're like many people who are thinking the US markets might tank soon, then that could very likely have a negative effect on Canada's economy as well. IMO stocks are not a good thing to be in right now unless your timeline is long term.

Pab

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It is time to escape from markets ,you can go for gold,gold is over 1200$ breaktrough level
Investors are looking for safe heaven and gold supply has drop

markj113

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Quote from: calkob on February 12, 2016, 06:45:48 PM

Sounds pretty much like the same thing gordon brown did in the uk, sold off Britains gold reserves at knock down prices...... Shocked

We still have 300 tonnes allegedly

calkob

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Sounds pretty much like the same thing gordon brown did in the uk, sold off Britains gold reserves at knock down prices...... Shocked

spazzdla

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My cash will be worthless if that happens.

Here is my view, our Ponzi scheme of money fails, Bitcoin or gold saves me as long as I can get out of the city before cops with guns kill me for it.

If it doesn't this is the perfect time to buy or soon as when it starts to fail it will be QE x 10000 shooting the stock market to the moon.. sell half buy PM & BTC.

markj113

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http://globalnews.ca/news/2508940/canada-sells-nearly-half-of-all-its-gold-reserves/

only 0.62 tonnes left, just before the price started shooting up too.

Just as the price started doing this -

p.s. You do realise the world is on the brink of an economic collapse and the markets have been artificially propped up with QE.

spazzdla

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Quote from: markj113 on February 12, 2016, 03:42:27 PM

Canada is doing great, they just sold off nearly all their gold reserves Grin

That doesn't sound like I should jump in at all.. lol.

Also do you have a link to this? I should hide my gold..

markj113

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Canada is doing great, they just sold off nearly all their gold reserves Grin

spazzdla

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Opinions?

I am as invested in crypto as I am willing to be, I will not put all of my wealth into one thing.

Topic: Is it time to jump into the Canadian Stock market? (Read 525 times)