Bwis53 wrote:How does this affect the everyman and what should we do about it? Reign in Wall St.? Is there anything more valuable than stocks, oil and gold? I'm a simpleton.
It's not dumb to ask a question. If you want to hear what NPR said about this very thing today, go to npr.org and listen to the archive file of today's All Things Considered, or scroll through their main page and click one of their market-related headlines. I won't pick one for you, there are several to consider and you can dig or not dig in as you feel interested. I thought they did a good job.http://www.marketplace.org/
also did a good job on the basics today.
Gold goes up and down like anything else, although sometimes it moves contrary to the rest of the market. It's not for beginners, in spite of what the political fringe folks might say. The values of everything change over time and the idea is not to hold on to the most valuable but rather (within the individual's means) to hold a variety so if one goes down maybe another will come up.
Real estate used to be considered pretty safe, but look at what happened to the person whose only asset was a house in Detroit. There are no sure things.