Is there EVER a "right" time to sell your gold/silver if........
gecko109
Posts: 8,231 ✭
........the only reason you hold the metals in the first place is because you suspect that the dollar will die?
I ask this question because alot of people here have talked about "exit prices"......for example, they wont be selling until silver hits $xx.xx. I understand that a good time to sell would be to raise cash immediately needed due to an emergency.....roof starts leaking, motor in car blows, family member needs help for an unseen emergency, etc. But aside from any of that, is there an "exit strategy" for you in regards to PMs?
Alot of you guys are VERY sharp, financially. Some of you move your assets around from one class to another....waiting for a huge drop in the DOW for example and then sell metals to buy stocks. I would call you investors. Im not an investor.....im nowhere near as sharp as many of you, and probably wouldnt see a buying opportunity if it slammed me in the face. Im not a flipper either.....I dont buy on the dips and sell on the upswings and then rinse and repeat. I simply stack.....and stack, and stack....and then stack some more.
My main objective is to have a small pile of what I anticipate will be the new trading unit. Whether that will happen with directly bartered gold and silver metal, or...more likely....that whatever replaces the dollar will probably be tied to metals in some way. In the meantime...while I wait for that to occur.....the stack is certainly a good inflation fighter as well as a source of emergency reserves as outlined above.
So, in my case.....is there ever really an "end game" for stockpiling metals short of the total collapse of our current monetary unit?
I ask this question because alot of people here have talked about "exit prices"......for example, they wont be selling until silver hits $xx.xx. I understand that a good time to sell would be to raise cash immediately needed due to an emergency.....roof starts leaking, motor in car blows, family member needs help for an unseen emergency, etc. But aside from any of that, is there an "exit strategy" for you in regards to PMs?
Alot of you guys are VERY sharp, financially. Some of you move your assets around from one class to another....waiting for a huge drop in the DOW for example and then sell metals to buy stocks. I would call you investors. Im not an investor.....im nowhere near as sharp as many of you, and probably wouldnt see a buying opportunity if it slammed me in the face. Im not a flipper either.....I dont buy on the dips and sell on the upswings and then rinse and repeat. I simply stack.....and stack, and stack....and then stack some more.
My main objective is to have a small pile of what I anticipate will be the new trading unit. Whether that will happen with directly bartered gold and silver metal, or...more likely....that whatever replaces the dollar will probably be tied to metals in some way. In the meantime...while I wait for that to occur.....the stack is certainly a good inflation fighter as well as a source of emergency reserves as outlined above.
So, in my case.....is there ever really an "end game" for stockpiling metals short of the total collapse of our current monetary unit?
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Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>I would only sell if I needed the money for a necessary purchase where I have no other source of funds. >>
I have toyed with the idea of selling when my pile equals the $ amount needed to pay off my mortgage. Logically it probably would not make sense but it sure would feel good.
Yes, of course. If, some fine morning you wake up and find that the debt problem has been solved, all of the entitlement programs have been pared back to realistic levels, politicians have stopped blowing smoke up your back side, savings aren't being eroded, prices of everyday items aren't skyrocketing in spite of government proclamations to the contrary, the markets aren't rigged against all but the biggest banks, and the currency is no longer manipulated by economists for the benefit of politicians in Washington DC, but instead is a stable entity that is universally recognized by representing something real, then yes.
If that time comes, it will be gradual and you will have plenty of time to evaluate and re-assess your investing/saving/asset allocation strategies. If at least some of those things aren't happening, then nothing fundamental has changed.
The dollar is already 97+% dead from the time when the Fed was created. How much more dead can it get?
I knew it would happen.
I don't subscribe to any of the conspiracy advocates that so frequently post here. As the sayings goes, money talks (cash) bs walks & you can't take it with you, enjoy it while you can.
<< <i>When you have doubled your money. (That concept has been a "no brainer" for the last 5 years)
I don't subscribe to any of the conspiracy advocates that so frequently post here. As the sayings goes, money talks (cash) bs walks & you can't take it with you, enjoy it while you can. >>
Doubling your "money" is a very distorted way to look at true gains. If you doubled your money on a 15 year investment, are you really ahead when accounting for inflation? Doubling your purchasing power is probably a better way to gauge your gains. If a corvette could be bought for 5,500 oz of silver in 2005, and a 2011 corvette could be bought for 2,750 oz of silver today.....and the difference in quality of the '05 and '11 cars is negligible....then we can conclude that your silver has doubled in purchasing power. In actuality, it did take about 5,500 oz of silver to buy a brand new corvette in 2005. It would take just 1,400 oz to buy a brand new 2011 corvette today!!! Thats quite a bull run fellas!
i don't think it (your scenario) will happen in the next ten years at least (IMHO)
<< <i>Better story (i.e. more indicative of the true economic picture):
Wrong. Since total debts are expressed as actual nominal dollars....I.E. there is NO debate on the accuracy of the answer......AND the national GDP is simply a government controlled reporting of estimate output, and subject to VERY questionable methods of calculation, the the debt/GDP ratio becomes worthless. I suggest that you invest 15 minutes and watch the following video. Information is a powerful thing!!!
Fuzzy numbers, and how the government skews numbers in its favor. At 8:50 of the vid is when the GDP calculations are explained. Enjoy!
I agree to some extent. Having a young child and wanting her to have a better life, or should I say, start to her adult life that I did weighs on me heavily at times and plays a very large part in how I approach any "investment."
On the other hand, it takes CASH right now for her to have a spoiled and blessed childhood. So I am torn at times what to do.
If you own your home, the U.S. government estimates how much you would have been paying in rent to live in that home....and adds it to the national GDP.
The government also estimates how much free checking accounts would cost...if they were not free....and adds that as well. They are assuming if the checking wasnt free, that you would be paying for it.
These are just 2 tricks the U.S. government uses in order to inflate the actual GDP of this country. They do this so that people just like you will say things just like you have said.
So if that's what you're waiting for to sell any, I predict your hiers will sell your gold, perhaps to a different Midas, and the cycle will repeat
Now, I'm not saying the dollar will not change in value, relative to an ounce of gold or a week of skilled labor or a barrel of oil or a course of of medicine;
those values will undoubtably fluctuate and/or trend.
But business in America will take place denominated in US Dollars as long as people live in North America
"Bank on it!"
Liberty: Parent of Science & Industry
<< <i>I believe we will all die before the United States Dollar does. S0 will our children, and their children, and so will their children too.
So if that's what you're waiting for to sell any, I predict your hiers will sell your gold, perhaps to a different Midas, and the cycle will repeat
Now, I'm not saying the dollar will not change in value, relative to an ounce of gold or a week of skilled labor or a barrel of oil or a course of of medicine;
those values will undoubtably fluctuate and/or trend.
But business in America will take place denominated in US Dollars as long as people live in North America
"Bank on it!"
I hope you're right. My concern is the dollar will continue to lose value. Anyone know how the dollar of 1913 when the Federal Reserve was formed compares to the value of todays dollar?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Of Course the dollar will continue to lose value against the things I listed, and many other commodities. Other things are getting cheaper (computer memory, for example)
But it's never been more easy to earn ever more dollars, either. I've made a few in the time it took to type this message, and I'll wager you made a few in the time it took to read
Liberty: Parent of Science & Industry
<< <i>I have no doubt GDP is inflated, but the items you mention don't bother me as much as others. For example, I'm expecting an increase in GDP this quarter due mostly to increased snow removal costs and auto collision repairs as a result of the weather. In my mind it doesn't make sense to include these items in an economic growth metric. But looking at the national debt and nothing else is even more naive IMO. >>
Its really not the amount of debt, but rather the amount of increases to it. If the U.S. debt graph were linear, I wouldnt be nearly as worried. But the fact that it has entered an exponential curve makes me take notice. For example......it took 207 years....1776 - 1983....to accumulate a grand total of $1.7 trillion worth of debt. We are adding that much debt just in this one year alone! In 2011, we will add to our debts the same amount of money it took 207 years to accumulate. What is going to happen when we add another $1.7 trillion in debt each month? Each week?
If you know anything about exponential functions, you know that the action really only heats up in the last few moments. So when I see a U.S. debt chart that is relatively flat for 200 years, and then becomes almost completely vertical in the last 3 years, what should my expectations about the next 5-10 years be based on? At the current levels of debt accumulation, combined with a lack of fiscal responsibility, combined with a decrease in real output (goods made here), combined with a national failure to save, and finally combined with $50-$60 trillion of future obligations (SS, Medicaid)....its very hard for me to have any type of optimistic view on the future. I dont see any changes taking place now that will right this ship.....do you?
<< <i>My concern is the dollar will continue to lose value. Anyone know how the dollar of 1913 when the Federal Reserve was formed compares to the value of todays dollar?
Of Course the dollar will continue to lose value against the things I listed, and many other commodities. Other things are getting cheaper (computer memory, for example)
But it's never been more easy to earn ever more dollars, either. I've made a few in the time it took to type this message, and I'll wager you made a few in the time it took to read >>
If it really is easier than ever to earn more dollars, then how do you explain the massive default rate on homes in this country? How do you explain the huge credit crunch...even with all time low interest rates? What is causing those 2 phenomenon if it TRULY is the case that its easier than ever to earn dollars?
this is just our generation's version of it, but the story's the same:
interest grows in an investment, first investors do well,... it gains momentum,.... posts some strong gains... the public gets involved in the speculation,... it gets overdone... "it's not a bubble because this time it's different",... looks like it's topped... ok is this a correction or a buying opportunity?, ..oh gee, it's going down still, ...oh shoot, I better sell before I lose All My Money, ... dang, how low can it go? (time passes as people write it off) ... well, damn, look it's going back up, did I sell at the bottom? ... different investors see it's going up again, ... interest in an investment or different investment grows... cycle repeats
or, for a service: a new product or service is developed... it ramps up and scales up.... lots of building and hiring... soon there's a Blockbuster video tape rental store on every strip mall... "at this rate of Growth continues, Blockbuster will be able to buy Time Warner!"... Blockbuster owns the rental tape and then disc markets... hey, here comes a new streaming video service... Video rentals decline, posts quarterly losses.... Blockbuster lays off people and closes stores.... new store opens in site, hires new people... cycle repeats
I believe it is wrong to think that booms and busts, even large ones, signal failure of the system.. on the contrary, they're proof that it works.
Liberty: Parent of Science & Industry
Until almost ALL of the hard assets are on the banksters' side
of the table, they will never allow the currency of the govt they
control to totally fail.
The dollar will be debased, but it won't become valueless. UNTIL
massive deflation is first allowed to do its thing.
NO ONE should EVER sell all of their metals. Everyone should
have a "partial exit" price in their mind. Profits should be put into
free-and-clear ownership of productive real property; a primary
or secondary residence is "productive."
No one on this board will EVER be using gold/silver to conduct daily
commerce in America. While I always root for a total collapse that
would help me personally, it simply is not going to happen in any of
our lifetimes; barring a nuclear disaster or a revolution.
Yes, but that would probably lead to a more heated political debate, so I will refrain from providing examples.
Milliarden = 1 Billion
Petrograd, 1917
Hamburg, 1923
I knew it would happen.
And also, we're in any way like Zimbabwe?
please!
Liberty: Parent of Science & Industry
Yes, Baley. There are many parallels, since you asked. And I hope they don't continue.
That $14 Trillion - is the tip of the iceburg. It's peanuts. It's only the government debt that they choose to declare on their books.
I knew it would happen.
Liberty: Parent of Science & Industry
Your turn.
I knew it would happen.
I do believe America will grow out of the credit/entitlement crunch, but it will be a process, not an event, and it will not be painless for large segments of the population.
maybe we're saying the same thing: that those who understand and plan for the future will do better financially, on average, than those who don't
Liberty: Parent of Science & Industry
POM, Weimar was a republic that never quite got off the ground for various reasons. Zimbabwe was at one time a prosperous country, but it became a dictatorship after the Brits were relieved of their colony.
Baley, I named a parallel. Is that not how to proceed with the conversation? Do you not see a parallel with Weimar's unmanageable debt and the US's unmanageable debt? Or, do you think that it is still manageable? Help me out here. I can't have a conversation with myself - well, sometimes I do - but that's a different story.
I knew it would happen.
I do not see that happening in the USA. Hell, we're clinging like grim death to the PENNY, how can the dollar die?
I won't be able to participate in a conversation in real time (as I need to go to meetings, etc.) but do look forward to a rational discussion.
Liberty: Parent of Science & Industry
a rock and says " no way .... hey Rick, check this out !"
Lets look at a few FACTS .
Fact 1 ..The U.S. Dollar has less than 4 cents buying power compared to 100 years ago.
Fact 2..Before this year is out , the U.S. dollar will have about 3 cents buying power compared to 100 years ago.
Fact 3.. The above trend will continue , and can NOT be stopped or even slowed down.
Fact 4 .. Over 14 trillion dollars of debt today , we will be over 20 trillion within 1 year.
Fact 5 ..Over 30 trillion in debt in less than 3 more years
Fact 6 .. The debt increases billions of dollars a day , and we cant even pay the interest on it
Footnote .."Hey rick, check this out!" http://www.usdebtclock.org/
Fact 7 .. The current debt FAR exceeds the amount of all U.S. dollars physically in print.
Fact 8.. The debt is increasing percentage wise , at a rate that is now "Unstopable".
Fact 9 ..The debt is outperforming Chuck Yeager in the vertical climb toward the stratosphere.
Fact 10 .. ALL fiat money has failed .
Fact 11.. The U.S. economy has been deliberately sabotaged to fail , in a massive plan dating back well
over 150 years .
Footnote..The plan to bankrupt the U.S. is part of a move toward a one world economy and one world government
aka "New World Order" .
Fact 12.. New World Order is BAD.
Fact 13.. A cashless society (electronic money) is very bad .
Fact 13..Control the money and you control the people.
Get ready, we will see some BIG changes on the horizon.
The sheep will eagerly bend over a table...the rest of us will go out swinging.
Lewis
Good thing we're spending dollars earned this year, not ones earned 100 years ago when $6 a day was a good wage. And good thing that many dollars earned over the past decades have been invested in assets that, over time, outpace inflation (in some cases, by a wide margin)
I really love these 100 years ago lines of reasoning... like things were so much better then?
there are 13 more "facts" to debate, but I'm really running late... looking forward to catching up tonight. Fun!
Liberty: Parent of Science & Industry
<< <i>If, some fine morning you wake up and find that the debt problem has been solved, all of the entitlement programs have been pared back to realistic levels, politicians have stopped blowing smoke up your back side, savings aren't being eroded, prices of everyday items aren't skyrocketing in spite of government proclamations to the contrary, the markets aren't rigged against all but the biggest banks, and the currency is no longer manipulated by economists for the benefit of politicians in Washington DC, but instead is a stable entity that is universally recognized by representing something real, then yes. >>
If and when that time comes, I can assure you silver won't be selling for anywhere near $35/oz and gold for over $1,400. Probably would be selling for a fraction of today's prices.
<< <i>Fact 1 ..The U.S. Dollar has less than 4 cents buying power compared to 100 years ago.
Good thing we're spending dollars earned this year, not ones earned 100 years ago when $6 a day was a good wage. And good thing that many dollars earned over the past decades have been invested in assets that, over time, outpace inflation (in some cases, by a wide margin)
I really love these 100 years ago lines of reasoning... like things were so much better then?
there are 13 more "facts" to debate, but I'm really running late... looking forward to catching up tonight. Fun! >>
I'm with you with your assertion. I'm not ready to mount my horse and light my coal burning furnace. Unfortunately, this forum is dominated by extremist views along with a dab of paranoid conspiracy theorists...
<< <i>Fact 1 ..The U.S. Dollar has less than 4 cents buying power compared to 100 years ago.
Good thing we're spending dollars earned this year, not ones earned 100 years ago when $6 a day was a good wage. And good thing that many dollars earned over the past decades have been invested in assets that, over time, outpace inflation (in some cases, by a wide margin)
I really love these 100 years ago lines of reasoning... like things were so much better then?
there are 13 more "facts" to debate, but I'm really running late... looking forward to catching up tonight. Fun! >>
Well.. these were not really open for debate , since these are facts , but if you feel the need to look like a fool , go right ahead
and debate away .
Ohh, and the rason we have to make a couple hundred dollars a day now instead of $ 6 is because, guess what , the U.S. dollar has less
buying power than it did 100 years ago. BAM ! Sounds like the dollar is getting weaker to me .
Lewis
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Unfortunately, this forum is dominated by extremist views along with a dab of paranoid conspiracy theorists... >>
Well, it is a precious metals discussion forum. To some of us that includes tin foil.
The reason we stack PMs is our "extreme" loss of faith in the dollar and our "extreme" loss of faith in those that control its future. Everyone else that has joined the PM party is simply, well, a speculator.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If I had 100 years to come up with a more concise, more accurate statement, I couldnt.
Baley is drawing out the fact that Germany rebounded through WWI, the Weimer event and WWII and the sanctions thereafter and are now without question the strongest economy in the world. If they could only ditch some of those euro rascals the German Mark would be the strongest currency the planet has ever seen..............I'm surprised Germany's back doesn't break on some days. Lot's of heavy lifting indeed. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I really love these 100 years ago lines of reasoning... like things were so much better then?
there are 13 more "facts" to debate, but I'm really running late... looking forward to catching up tonight. Fun! >>
Bailey,
That's right were spending today dollars but too bad not the purchasing power. Not even gold at it's present level would buy what 20 bucks would in an Double Eagle or a 20 dollar note backed by gold pre-1913.
Should we panic? No, I'm sure here in the US we'll be using the dollar but Internationally will be more than likely be using a basket of currencies. After that more than likely something backed by real assets; oil, land, food, gold, silver whatever is your countries strength.
You need to think globally since they have a plan in the new world order for each country and what they bring to the table. It will fail because of power and greed but they'll try it for a time.
Really this isn't much different than the Sterling being the world currency in the 19th century. The US gained and after WWII we called the shots for saving the world. Gold and wealth is flowing to Asia. China and India are going thought there Industrial Revolution with over a billion people each.
The middle class is Asia growing with plan to swap production to the West to the needs of the new wealth of the East. Follow the gold and the rich. Is it the end of the world? No, just a reset and one of your trends in longer terms then you are figuring.
Like it or not the whole world is tied to the same financial system now. Unlike the 30's we had some control now were competing with every country in the world on stuff that matters. Are kids lifestyles are going to be greatly reduced for the distant future.
I'm in my mid 50's and I can see today isn't anything like I've seen in my lifetime. Yes theres jobs but around here the good ones are being replaced by 10 to 15 dollar an hour jobs with high paying job being off-shored for the profit, not that we aren't better.
Use gold and silver as an insurance policy. Those on the board that think a dollar collapse is good because they've got PM's are wrong. It may come close to the purchasing power before the drop but your not rich and you've got to make more money after that buffer runs out.
The dollar can never collapse totally IMO because those countries that are allowing us to run up this debt are already on record that it WILL NOT CONTINUE and they have the power to do it. I just hope after this is over the world doesn't own our greatest assets.
<< <i><Great pictures! Are we drawing comparisons between modern America and 1920's Germany? How's Germany doing these days??>
Baley is drawing out the fact that Germany rebounded through WWI, the Weimer event and WWII and the sanctions thereafter and are now without question the strongest economy in the world. If they could only ditch some of those euro rascals the German Mark would be the strongest currency the planet has ever seen..............I'm surprised Germany's back doesn't break on some days. Lot's of heavy lifting indeed. MJ >>
MJ,
Your right the good old US rebuild most of the strong economies of the world including Japan. Historically they would have been part of a country instead they were bailed out with Europe. Iceland sure seen what fiat currencies do and so do all fiat cultures of the past. No empire ever ruled forever even the Romans. Like I said not the end of the world but of global reset that's all IMO.
I do not see that happening in the USA. Hell, we're clinging like grim death to the PENNY, how can the dollar die?
It's been happening. Why else would the penny have had to be changed from 95% copper to copper-plated zinc? More to the point, exactly why does it happen? It's not just because prices on copper are "rising". You can rationalize anything you want, but the currency devaluation is due to the inflation tax.
Good thing we're spending dollars earned this year, not ones earned 100 years ago when $6 a day was a good wage. And good thing that many dollars earned over the past decades have been invested in assets that, over time, outpace inflation (in some cases, by a wide margin)
It's easy to point out that some assets have returned more than the rate of inflation. How many investments have not? Investment returns are relative, are they not? In addition, do you recall what happened to the Dow Jones Stock Index during and after the 2008 financial meltdown? AIG, GM and Citibank were all replaced with healthier components in 2008. More sleight-of-hand to make you forget that the money is no longer there.
Any debate over inflation and currency devaluation ought really to be over how government finances its spending. Instead of choosing to tax enough to cover all of the spending, thereby forcing the hard choice between the available options, they just create money to fund everything that will keep them in office. This is immoral and should be highly illegal, and it totally amounts to taxation without representation.
I really love these 100 years ago lines of reasoning... like things were so much better then?
I believe that this comment misses the point. Most of the improvements in quality of life for the past 100 years came from innovation and invention, and those improvements came about because of those people having had freedom in their lives along with the incentive to pursue an idea.
The fact that the currency continues to be devalued in order to fund politician's careers, pork and pet projects is unauthorized theft. The changes in quality of life for the past 100 years and the devaluation of the currency since 1913 are unrelated.
I knew it would happen.
I just want to know how this 97 year - 96% confiscation tax was distributed across America. If it was distributed equally through each decade among all Americans, then I have no problem with it. If it was distributed preferentially mainly to the rich and to the poor, then I might have some issues with it.
One thing is for sure, the infrastructure got its fair percentage of that 96% from 1914-1970. But it seems there has been an underwhelmingly amount added in the last 40 yrs.
Many of those dollars earned over the past decades went to big banks to leverage up gains in riskier assets. They certainly outpaced inflation....until 2007. From 2007-2010 they gave
back 20-30 yrs of gains. Before it's all said and done average housing/commercial real estate will give back 10 yrs or more of gains.
roadrunner
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
it's not a rationalization, it's an attempted description of how the economy is evolving, based on observations
Yes, the currency devaluation of each of yesterday's, last years', and last decade's earned dollars is due to inflation..
but the growth in the money supply is coincident with inflation (growth) in the amount of "value" that exists in the country.
There's a view that the growth of infrastructure, real estate, companies with intrinsic and potential earning value, plant and equipment, supply lines, transportation routes, development of technology, medicine, education institutions, etc etc requires additional financial capital to exist.. and that an advanced society is not a zero-sum system which can operate on a fixed supply of currency, in fact growth REQUIRES expansion of the money supply in order to provide the liquidity that enables further growth
no doubt, capital will be mis-deployed by people and government in the process of growth, and some assets will overbuild and others will see supply crunches.
but the market will even these out over the long run. yes the government, due to lobbying and the rest, keeps failed organizations afloat longer than a more brutal market would do it.
It's easy to point out that some assets have returned more than the rate of inflation. How many investments have not? Investment returns are relative, are they not? In addition, do you recall what happened to the Dow Jones Stock Index after the 2008 financial meltdown? How many companies had to be replaced with more viable stocks simply because some of the financial components in the Dow Jones Industrial Average got nailed? More sleight-of-hand to make you forget that the money is no longer there.
that's why investment returns and risk are related, and time horizon plays an important part. And that's why if someone expects metals to keep going up like this forever, this must be their first rodeo. Returns for metals will eventually regress to the mean of the long term line. Their markets can be among the most volatile. If someone buys gold or silver at these prices, and wants to use the money in the next five years, they should not be surprised if they hae to sell for a loss.
Sure, if soomeone sold stocks at the bottom of the panic, too bad for them. And if their investments are as imaginative as buying the Dow Index, they deserve what they get.
Some investors don't need to forget that the money is no longer there, because they never lost it. Their investments have suffered, they rebounded, and maybe they even dollar cost averaged into better returns. Maybe their real estate investments are set back to prices of a few years ago. Good! can buy another property or two at the market cycle low. Or is Coastal California real estate going to go out of style this century?
China is red hot right now. It and other emerging markets will cool, does no one remember the "Asian Contagion" from 1997?
Cycles.
Liberty: Parent of Science & Industry
Expanding monetary aggregates have nothing to do with making the wheels of commerce turn. TARP, TARP II, QE, and QE2 have very little to do with commerce and much, much more to do with political payola.
I knew it would happen.
system based on debt and derivatives but unfortunately along with unlimited/undefined risks that ultimately could be passed on to someone else.
Sure, if soomeone sold stocks at the bottom of the panic, too bad for them. And if their investments are as imaginative as buying the Dow Index, they deserve what they get.
The stock panics of the past century or so were all induced by bankers. While one can say the people got sucked up into the euphoria and bought high, it was clearly the bankers
that set it all up for them. And of course they were waiting with open arms in late 2008 to pick up equities at absurdly low prices. I for one don't think that people who bought at the
top or sold out at the bottom got "what they deserved" at all. They got what a rigged system induced them to do....and is still doing.
roadrunner