I'm taking no pleasure in all of this.
pmcollectour
Posts: 1,211 ✭
As I watch the price of gold rise, I find myself taking no pleasure in all of this for this reason. I'm currently having the displeasure of watching my wife's mother die of pancreatic cancer. She has only a few weeks left. My wife's dad is very ill too, and the loss of his wife will probably help him take a turn for the worse. My wife and I know in the back of our minds that we are going to be in a better financial position when they pass, but that thought is quickly drowned out by the fact that we are losing two loved ones.
And I'm using that analogy because the country that I love, and has been so good to me is falling apart, dying a slow death, and the
financial doctors aren't taking the necessary steps to save her. Perhaps her cancer is incurable, and I just have to sit back and watch her die, although I am gaining financially from it, I take absolutely no pleasure in watching it unfold before my eyes.
So please understand if I don't join any euphoria on these boards when the gold price approaches my target of 5-10k an ounce in the next twenty years. If you ever see me make that prediction, then understand that it is a bitter, and not sweet prediction. I hope that I am wrong, and we somehow find a cure for this cancer.
And I'm using that analogy because the country that I love, and has been so good to me is falling apart, dying a slow death, and the
financial doctors aren't taking the necessary steps to save her. Perhaps her cancer is incurable, and I just have to sit back and watch her die, although I am gaining financially from it, I take absolutely no pleasure in watching it unfold before my eyes.
So please understand if I don't join any euphoria on these boards when the gold price approaches my target of 5-10k an ounce in the next twenty years. If you ever see me make that prediction, then understand that it is a bitter, and not sweet prediction. I hope that I am wrong, and we somehow find a cure for this cancer.
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<< <i>As I watch the price of gold rise, I find myself taking no pleasure in all of this for this reason. I'm currently having the displeasure of watching my wife's mother die of pancreatic cancer. She has only a few weeks left. My wife's dad is very ill too, and the loss of his wife will probably help him take a turn for the worse. My wife and I know in the back of our minds that we are going to be in a better financial position when they pass, but that thought is quickly drowned out by the fact that we are losing two loved ones.
And I'm using that analogy because the country that I love, and has been so good to me is falling apart, dying a slow death, and the
financial doctors aren't taking the necessary steps to save her. Perhaps her cancer is incurable, and I just have to sit back and watch her die, although I am gaining financially from it, I take absolutely no pleasure in watching it unfold before my eyes.
So please understand if I don't join any euphoria on these boards when the gold price approaches my target of 5-10k an ounce in the next twenty years. If you ever see me make that prediction, then understand that it is a bitter, and not sweet prediction. I hope that I am wrong, and we somehow find a cure for this cancer. >>
Sorry to hear about your family members and to comment on your other points...
...eventually they'll be no medical companies in America to find cures for cancer, they'll be no doctors in America to treat the cancer, and they'll be no products in America to buy with all that valueless money you would have made. Of course I use some hyperbole to make a point...but unfortunately, there's a lot of reality about the point as well.
<< <i>
...eventually they'll be no medical companies in America to find cures for cancer, they'll be no doctors in America to treat the cancer, and they'll be no products in America to buy with all that valueless money you would have made. Of course I use some hyperbole to make a point...but unfortunately, there's a lot of reality about the point as well. >>
I don't think we'll ever get to that point. I can see our home prices devaluing another 25%. I can see our dollar falling another 50%.
Didn't Japan's stock market lose 75% of it's value, but it still is in a slow recovery process, and Japan is still a society that functions, albeit at a poorer and more humble state.
<< <i>
<< <i>
...eventually they'll be no medical companies in America to find cures for cancer, they'll be no doctors in America to treat the cancer, and they'll be no products in America to buy with all that valueless money you would have made. Of course I use some hyperbole to make a point...but unfortunately, there's a lot of reality about the point as well. >>
I don't think we'll ever get to that point. I can see our home prices devaluing another 25%. I can see our dollar falling another 50%.
Didn't Japan's stock market lose 75% of it's value, but it still is in a slow recovery process, and Japan is still a society that functions, albeit at a poorer and more humble state. >>
I'm actually an optimist...just sorta stressing that we need to work together in this most important time in our history to make the changes needed in order to get ourselves on the right path...otherwise, things could get real bad, and perhaps spiral out of control even worse than our imaginations can ponder. We'd better be careful and wakeup...and do something about it...that's basically my point.
I think we all want to go back to the days of a stable country, working hard to support our families, and then being able to relax and enjoy our great hobby and other fun pursuits such as a sports event. And I'm sure the Jewish people wanted to go back to something like that also in Germany in the mid 1930's when the Nazi's were raising their ugly heads...again, I use some hyperbole, however believing some horrific events could not happen in this country would be naive in my opinion. The step from civilization to anarchy is not that big of a step depending on the circumstances...and to retain our liberty and freedom, we must always remain vigilant and never become complacent.
Regarding the surge in gold: yes, whatever joy gold investors will get from the rise in the metal will be offset by other problems we will face. In the end no one really "wins" by this rise in gold.
When they say gold is a "hedge" it is indeed just a hedge to try to soften the blow of all of the other problems.
Think about this: we'd all be better off if gold were still at $40.
www.AlanBestBuys.com
www.VegasBestBuys.com
<< <i>When they say gold is a "hedge" it is indeed just a hedge to try to soften the blow of all of the other problems. >>
Bingo! Gold is an insurance policy against hard economic times. Congratulations to those that had the foresight to protect themselves.
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
But it's not too late...we don't have to go there...we don't need to stare at the abyss...but we will be at the abyss sooner or later if we stay on this same path...and it may be sooner.
Oh well...
I had a similar situation in 1978 with my mom. At that time, the middle east was on fire and the misery index was climbing while the metals kept climbing.
MoneyLA was right on target when he put it very succinctly -
<< When they say gold is a "hedge" it is indeed just a hedge to try to soften the blow of all of the other problems. >>
That is the same view I took back in 1978, and it applies equally well today as it concerns the rising prices of precious metals while everything else is trouble.
But I don't agree with this so much -
Think about this: we'd all be better off if gold were still at $40.
There are no guarantees that $40 gold would have made anyone worse or better off. To a large degree, we still have some responsibility in how things turn out, both individually and collectively.
I feel no glee in the fact that I made some good moves into metal, but I will refuse to apoligize or feel embarrassment for taking the risks based on knowledge and conviction that I understand the economy and the markets well enough to benefit from a gold price rise. I do feel some vindication, and I think that is somewhat normal.
I knew it would happen.
I don't know whether we'll ever find a medical cure for cancer that doesn't turn right back around and give us additional disease such as more heart problems.
In any case I think the cure for over 50% of the cancers are strictly in our hands. We each have the means to control that from day one. These controls include
a healthy diet devoid of lifeless and processed foods laced with additives and chemicals, the air we breathe and the water we drink, stress management, smoking
and alcohol, electromagnetic radiation exposure, daily sunshine exposure, prescription drugs, and exercise. We the people have the means to cure more cancers
than a pill could ever do just by what we can control ourselves. And of all these issue I think diet is the largest factor. Best of all, anyone can start today. And if
one is addressing these controls, then you are also reducing the risk for the other primary diseases of our time (cancer, heart disease, diabetes, alzheimers, etc.).
rodarunner
My colleagues and I have gone to work every day for over 20 years developing treatments for various malignancies (as you know, there is not one "cancer" that can be "cured"; rather, there are an infinite number of disease states and potential treatments) Among our past successes is Rituxan (MabThera in Europe) for lymphoma and Herceptin for breast cancer. We are currently working on a very promising and potentiallly paradigm-shifting product for difficult to treat solid tumors, including pancreatic cancer.
The road of progress is a long and difficult one, but no one is walking it alone here in America
Liberty: Parent of Science & Industry
I agree with Roadrunner 100%. The best investment anyone can make is to eat right, exercise, reduce anger by extending one's hand instead of pointing fingers, eliminate smoking, coke-a-cola, and work in a clean air environment, along with a few other things.
Cancer is a tough way to go. Two months ago she was fine, and now she's on her last leg. She followed all of roadrunners advice, but she hated doctors, and never got checked out, even though her mom died of it. She's 76, and her husband is getting worse from old age, so perhaps it was God's will that they go together. Who knows.
of the social net. Consider the social net a bribe, if you will, used to prevent
wholesale destruction of property and human lives. With the pressure to slash
the social network and the 25 million unemployed or under employed, does any one
see a correlation between what is happening in England and what may, and probably
happen in our Nation, but on a larger scale. The have not will be enlarged, by farmers
in the drought belt and cattle and sheep herders in the west. So we have the working
or formally working class, the middle class that have lost their homes, jobs and health
benefits, the under class and the good for nothings uniting with the Arian Nation, the KKK
and the home grown local militias. You have a sound argument for the have not folks
going after the have folks, I could get very ugly rather quickly and we will certainly
need our military to reinforce local police departments that have suffered massive
due to cost cutting.
I do believe that the fat cats that believe they rule the world, may be in for a big surprise
as that world comes crashing down upon their mansions, yachts, private jets, huge
wages and bonuses and that includes all of the tens of thousands of former government
officials who now sell their soul and the welfare of their Nation, to anyone, anyone at all,
who can pay obscene sums, for their dubious talents and contacts in the revolving door we call the Government/
lobbyist merry-go-round.
It seems that we no longer elect public officials that do the peoples work, we hire politicians to get
experienced, in how Governments works, so when they retire on fat pensions, they can screw the very
people who elected them in the first place. What a sad state of events ,we have all helped to create.
For you see, we allow the moneyed interests to determine the candidates for both major Parties. No matter
who wins, the rich and powerful always win. Rarely if ever, do the people, truly win. I have specifically not
mentioned the Tea Party, because it may evolve into a true third Party
Added last sentence after posting.
Camelot
There is a difference between a safety net and a bed of roses. No Tea Party member is against safety net principles, but we are against government promising everyone a bed of roses...and that's exactly what liberal government has been doing for far too long. These liberal ideas were tolerable when the taxpayers could afford it...we simply cannot afford it anymore, and it's obvious and not even really debatable...again...we simply cannot afford it.
I laugh when those who have no clue about Tea Party ideas, say something such as we are mean spirited and want to shove Grandma off a cliff. We simply say look, if taxpayer revenue is say $1,000...then in a nutshell...societal benefits from government basically can be up to $1,000 - the societal benefits can't be $1,500 in which the federal government is spending around 50% more than what they are taking in...and the long term spending prognosis and promised government benefits are much higher than that. This is simple and easy to understand...to anyone who wants to understand it...and it's quite obvious the current administration doesn't wish to understand it...especially when they flat out rejected the solution to this problem of requiring the federal government have a balanced budget.
this point in time, seems to be GOLD'S TIME!The only stock alternatives are
the high dividend stocks with cash like Coca Cola, At &T ect. It seems that
we might get a small bear rally but have not seen the bottom of this mess
yet. we are under 11,000, I can see 9,000- 10,000 in the not distant future.
Camelot
Fred, Las Vegas, NV
pour across the border and fly Mexican flags, Islamic "soldiers" commit mass murder at freakin Army bases and we cannot even stammer out the perps religion
on TV. Hard working families in Wisconsin cower in their cars while the Planet of the Apes plays in 3D outside their car window.
Multi cultural Marxists dominate campuses, open in their contempt of the country, with zero consequences. College La Raza thugs shut down campuses and
make demands of your tax dollars while the school administration cowers , eventually begging in public for their favor.
No folks this country deserves what it gets and I for one welcome the breakdown. I want to see fire in my neighbors eye. Focused and ready
the liquidate the offender. We will dance , wild eyed , like pagans around their burning carcasses as we reclaim honor for our children.
There are many men, more than you know who are more than prepared and ready to solve the problem. But it will take
something much bigger than Sept 11th, which is now just a punchline.
We are just waiting for them tho break it. Maybe the wait is over...maybe not. But we are patient
Loves me some shiny!
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+1
The softies reign of terror and theft caused this. Let's see how
they like the rain; they won't.
Keep your eye on cos with solid financials. Usually the leaders shift from bull market to bull market...ie, the tech bubble. Many of those leaders never
recovered, although many did...Apple, IBM, and others.
Ag stocks did remarkably well during the past few years. I don't see a sea-change in the demand for food occurring anytime soon. If anything,
demand will pick up as the world population keeps expanding.
Blah blah. Keep your eyes open for opportunities. They often appear when things look the bleakest.
MOO could soon be a bargain.
FRPT, if it goes much below $3, is likely a buy. (A $10M buyback is
ready, and they have $1.50+ in cash per share. No debt, huge credit
lines. No legacy retirees. Someday, somebody will buy them; I've been
thinking that for a looooooong time tho, so I might be FOS.)
Most of AA could go to the ChiComs, if it gets cheap enough.
BAC at $2, might be safe.
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Waiting for a gold pullback could get kinda expensive. Prolly best to
be in GLD, if folks are afraid of physical.
The analogy was spot on. Our dear country is in trouble and everyone's heart should be aching. We need to pull together as a nation and get things right. But that cancer seems to just tear us apart.
Because I am widely diversified, I haven't taken the hit that many have, and because this has happened so often in the last 12 years I have become somewhat innured to it.
Bear is correct in his "bribe" theory, what happens if all social aid to the underclasses was cut off? It wouldn't be pretty. It is frustrating in that the problems facing us are not insurmountable, but given the current political climate may as well be.
I took money out of my IRA last month to build a new screened porch, I'm glad I took it when I did. If I am going to go broke I will at least do it on the porch pickin' my guitar.
Edited for spelling
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