<< <i>Stocks are worthless....well, at least my company stock in my 401K went kaput. This was a Fortune 500 company at that time of the Chapter 11 in 2002. Cost me a nice loss in my 401K seeing it go from $12, to $4, to $1, and finally to 2c per share went it went off line in 2003. Had been working there for 13 yrs at that point. A 2 yr re-organization, new funding, and today back to being a nearly $3 BILL company. None of that made me whole however. It got hammered post 9-11 due to assets associated with the air line industry and liquidity drying up. >>
I'm sorry to hear about your 401k loss. That was a bad time for dot com companies and the like. Sincerely hope you were diversified in your retirement plan.
But do you REALLY believe "stocks are worthess" like STM does?
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
<< <i>Stocks are worthless....well, at least my company stock in my 401K went kaput. This was a Fortune 500 company at that time of the Chapter 11 in 2002. Cost me a nice loss in my 401K seeing it go from $12, to $4, to $1, and finally to 2c per share went it went off line in 2003. Had been working there for 13 yrs at that point. A 2 yr re-organization, new funding, and today back to being a nearly $3 BILL company. None of that made me whole however. It got hammered post 9-11 due to assets associated with the air line industry and liquidity drying up. >>
I'm sorry to hear about your 401k loss. That was a bad time for dot com companies and the like. Sincerely hope you were diversified in your retirement plan.
But do you REALLY believe "stocks are worthess" like STM does? >>
I would expect that back then, most 401k plans weren't very well diversified. I don't think mine was; company stock and some Fidelity mutual funds.
<< <i>FACTS? Baseball hasn't presented any of those in all 7 pages of this thread. It's just repackaged opinions and rants. >>
Ditto! >>
I'm absolutely confident I've put forth facts under context that I have stated them. I'm also equally confident that you haven't put forth ONE fact, let alone the ridiculous idiotic comments you've made. >>
Baseball, you are the one who has made those idiotic comments like saying it is a fact that gold is useless.
Quick question. Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold?
Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold?
Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold? >>
Yes and yes (but less so). However, the entire point of all these pages that YOU posited, was that stocks are WORTHLESS, which was the point of me inviting myself to opine of the idiocy of such a statement. Then it morphed into gold, and how one can hold it in their hand, and how important it is to touch and feel and hold. Thus I pointed out that gold was useless which has been debated back and forth with no advancement on your part.
Your question has NOTHING to do with these two points, unless once again, there is some IMMINENT dismantling of private property in America. GOD BLESS AMERICA!!! >>
There you have it, folks. Baseball's latest idiotic claim is that gold has been worthless.
Roadrunner shared his story on how stocks can become essentially worthless. Baseball will not listen. Oh boy..
Well, cohodk - it doesn't matter what I think. My perception is that other people think that gold is valuable, and that's what matters. Stock ownership is a 2nd order asset at best, sometimes it's a 3rd or 4th order asset, far removed from your direct control.
Every intermediary between you and what you own represents a risk, and normally that's not too much of a concern when things are operating honestly and reliably. My contention is that we aren't in the world of stocks & bonds circa 1985 anymore.
Play it the way you see it.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>If some want to be blind and act like nothing is being manipulated by the bankers in this market, more power to you. I have a feeling the arrogant attitudes are going to disappear quickly when the hammer drops. No economy in history has even been propped up with smoke and mirrors that did not eventually collapse. We are not any different here in America no matter what some may think. >>
What do you think you are going to do when the "hammer drops," enjoy your life while the folks around you starve? I don't see any "arrogant" attitudes here, except maybe yours. You are convinced the sky is falling and those of us who, while certainly concerned about economic conditions, are trying to find the best way to "cover the field" in uncertain times are just fools. If you want to prepare for Armageddon you should be on a survivalists forum.
<< <i>If some want to be blind and act like nothing is being manipulated by the bankers in this market, more power to you. I have a feeling the arrogant attitudes are going to disappear quickly when the hammer drops. No economy in history has even been propped up with smoke and mirrors that did not eventually collapse. We are not any different here in America no matter what some may think. >>
What do you think you are going to do when the "hammer drops," enjoy your life while the folks around you starve? I don't see any "arrogant" attitudes here, except maybe yours. You are convinced the sky is falling and those of us who, while certainly concerned about economic conditions, are trying to find the best way to "cover the field" in uncertain times are just fools. If you want to prepare for Armageddon you should be on a survivalists forum. >>
That's not at all what I was saying. You took my statement out of context. I was referring to the people who thinks this system is so great and that it's not going to collapse are in for a rude awakening. I guess you have not read anything I have stated before, because I have said many times none of us are going to escape this without pain. The ones who fully buy in to this system are going to be hurt the worst because they don't think it will happen and are not going to see it until it's too late. That is what I was referring to. There is nothing arrogant intended by my comments. My concern is for all of humanity. A plea for everyone to wake up, if you will. That's all.
Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold? >>
Yes and yes (but less so). However, the entire point of all these pages that YOU posited, was that stocks are WORTHLESS, which was the point of me inviting myself to opine of the idiocy of such a statement. Then it morphed into gold, and how one can hold it in their hand, and how important it is to touch and feel and hold. Thus I pointed out that gold was useless which has been debated back and forth with no advancement on your part.
Your question has NOTHING to do with these two points, unless once again, there is some IMMINENT dismantling of private property in America. GOD BLESS AMERICA!!! >>
There you have it, folks. Baseball's latest idiotic claim is that gold has been worthless.
Roadrunner shared his story on how stocks can become essentially worthless. Baseball will not listen. Oh boy.. >>
That was the exception and not the rule. In general, gold is useful for preserving wealth while stocks are more suitable for growing or creating wealth.
<< <i>...........That was the exception and not the rule. In general, gold is useful for preserving wealth while stocks are more suitable for growing or creating wealth. >>
Hardly the rule. I would suspect that a sizable percentage of companies over the past 100 years have tanked and their stocks became worthless. I just happened to work for one. And it had been in business since the 1800's as a transportation/services company until its failure/reorganization in 2001-2003. That same company operated entertainment centers and theme parks (such as the LA Forum). How many companies failed in 2007-2011 that either failed outright or were taken over to keep the system afloat (banks, brokerages, mortgage and finance companies, retailers, etc.).
It's pretty clear that stocks often become worthless. It's just as clear that gold has never been worthless since civilized man first began to harvest it..... and it has dozens of uses including high tech, medicine, and in the genome project. But gold's two most obvious uses are defined by their 2 biggest shareholders - A Billion Asian citizens (population of 4.4 BILL) and the world's central banks. One could say that one of the favorite past times of Asian is accumulating gold. Apparently, Baseball cannot fathom that the other 95% of the world might just value things differently than he does.
Now if the US central bank would just dump its 8,133 tonnes of gold so that they align themselves with Baseball's favorite national pastime (hating gold - loving baseball). Could we get a petition together much like the Swiss just did and request our govt dump all our worthless gold so we can invest what's left in more useful endeavors? Baseball has "proved" beyond a shadow of a doubt that our gold has no function whatsoever in the world's economic or financial systems. So before it has no trading value whatsover, let's petition the govt and get 'er sold. The Asians just might trade us back some valuable TBonds and FRN's in exchange.........
<< <i>$300 an ounce was a excellent pickup point that has served investors well. >>
Worked for me. My first significant purchases of gold in the last run up were in Sept 2002 at $315/oz. That was based on reading the Summer 2002 Rosen Numismatic Advisory newsletter that had a compelling argument for gold to run to $1200/oz. And of all things that reasoning was the $38 TRILL in otc derivatives that JPM was carrying ($90 TRILL for all US banks). In Sept 2002 you could either short the stock market by buying paper twice removed or buy coins/bullion.
<< <i>If some want to be blind and act like nothing is being manipulated by the bankers in this market, more power to you. I have a feeling the arrogant attitudes are going to disappear quickly when the hammer drops. No economy in history has even been propped up with smoke and mirrors that did not eventually collapse. We are not any different here in America no matter what some may think. >>
What do you think you are going to do when the "hammer drops," enjoy your life while the folks around you starve? I don't see any "arrogant" attitudes here, except maybe yours. You are convinced the sky is falling and those of us who, while certainly concerned about economic conditions, are trying to find the best way to "cover the field" in uncertain times are just fools. If you want to prepare for Armageddon you should be on a survivalists forum. >>
That's not at all what I was saying. You took my statement out of context. I was referring to the people who thinks this system is so great and that it's not going to collapse are in for a rude awakening. I guess you have not read anything I have stated before, because I have said many times none of us are going to escape this without pain. The ones who fully buy in to this system are going to be hurt the worst because they don't think it will happen and are not going to see it until it's too late. That is what I was referring to. There is nothing arrogant intended by my comments. My concern is for all of humanity. A plea for everyone to wake up, if you will. That's all. >>
Sorry if I got too argumentative. I think most of us follow this forum because we have various degrees of fear about the future and the train wreck the economy has become. I would love to convert all my stocks and bonds to cash, but as I have stated, it wouldn't last as long as I plan on being here ;-) My mantra has become "diversification," IMHO it is the ONLY way to assure that there will be something down the road for you. Who knows really where the stock market is headed long term? What if PM's skyrocket and the powers that be decide we shouldn't have them any more? Buy stocks and bonds, put away PM's, buy real estate if you can afford it. We've done very well with antiques and collectibles over the years, we just sold an ice cream scoop we acquired for $15 ( many years ago) for $4300 (before fleabay and PP took their cut) but I mostly sell now and only buy no brainers. Keep lots of cash. I've stopped watching the news and barely look at the newspaper any more because it just makes me crazy.
<< <i>And who's to know if it is going to "collapse" or what you even mean by the word "collapse". >>
Bernie Madoff was riding high for several years on juggled books and a whole lot of Chutzpah. The 2008 meltdown took him from Park Avenue to Butner prison.
Financial charades can only go on for so long. Russia and half of South America are in the toilet. If you believe that 75 years of Ponzi economics can simply be outgrown by a few decent quarters, than make sure that you leave cookies and milk for Santa as he will no doubt be sliden down the chimney early Thursday morning.
<< <i>And who's to know if it is going to "collapse" or what you even mean by the word "collapse". >>
Bernie Madoff was riding high for several years on juggled books and a whole lot of Chutzpah. The 2008 meltdown took him from Park Avenue to Butner prison.
Financial charades can only go on for so long. Russia and half of South America are in the toilet. If you believe that 75 years of Ponzi economics can simply be outgrown by a few decent quarters, than make sure that you leave cookies and milk for Santa as he will no doubt be sliden down the chimney early Thursday morning. >>
Oh, man... I'm sorry, but that last sentence is entirely too funny. Good points.
<< <i>Once again, insecure minds like to absolutely assume what others are thinking all the while swearing they know exactly what's going to happen in the future. >>
Economically, the writing is on the wall. That will not cause me to enjoy the Christmas holiday any less, if fact I will relish the good times for as long as I can. Sadly though the cost of keeping the game going is stealing the money from the next couple of generations.
Face it, us baby boomers have consumed way more that we have contributed and that is only the beginning as Medicare costs swell to fix our sorry old keesters.
If in your mind, that portends continued good times for decades to come, you have your head buried deeply and immovably in the sand. Not a bad place , but keep the lube handy!
<< <i>Economically, the writing is on the wall. That will not cause me to enjoy the Christmas holiday any less, if fact I will relish the good times for as long as I can. Sadly though the cost of keeping the game going is stealing the money from the next couple of generations.
Face it, us baby boomers have consumed way more that we have contributed and that is only the beginning as Medicare costs swell to fix our sorry old keesters.
If in your mind, that portends continued good times for decades to come, you have your head buried deeply and immovably in the sand. Not a bad place , but keep the lube handy! >>
Good post and Merry Christmas to you as well MGLICKER!
<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
>>
The globalists' brainwashing of the majority of the American people has been very effective through the mainstream media.
<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
I agree. I enlisted in the Marine Corps in'66 and lost a number of friends fighting in a war that the powers to be knew we weren't going to win, but we went because we figured when your country called, you responded. I went to school on the GI BIll and worked my whole life, I think I collected unemployment for about 3 months in the mid 70's. other than that I was "contributing." I didn't get the astronomical returns on my real estate that my parents and their friends did, nor did I kick in a couple of bucks a week for SS benefits that were a thousand times what I contributed. I admire the WW2 guys but like us, most of them just went through the motions.
The fact is baseball - the media has an agenda that is not in the best interest of most Americans. They are complicit in the charade, you will see if you're around in two decades.
Who ever came remotely close to saying this system is so great? And who's to know if it is going to "collapse" or what you even mean by the word "collapse". You're making DEFINITIVE sweeping statement about the FUTURE. That has got to be the most glaring example of "arrogant".
Point Baseball! In fact, touchdown!! Folks who talk about the future as "fact" and imply that their vision is inevitable are either time travelers or deluding themselves.
<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
>>
The globalists' brainwashing of the majority of the American people has been very effective through the mainstream media. >>
<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
>>
The globalists' brainwashing of the majority of the American people has been very effective through the mainstream media. >>
Yep, the future is here now. Choose to ignore reality and forget about the coming generations, everybody else is. It's a drug dealers mentality, "How much money can I put in my pocket today".
Yep, the future is here now. Choose to ignore reality and forget about the coming generations, everybody else is. It's a drug dealers mentality, "How much money can I put in my pocket today".
>>
VanHalen, that position is not exactly the way to view the entire picture. In a microcosm, it sounds REAL BAD. And it is bad either way. And the behavior itself is to be reviled (as many of you do and as do I). However, the "coming generations" will inherit the money that is pocketed today, along with all of the rich assets and resources of this nation. That includes TONS of natural resources, TONS of viable land and real estate, and contrary to the crazy views of some here, TONS of VERY VALUABLE stock in companies that produce very useful goods and services to the world over. This country is still, IMO (BY FAR), the most richly endowed country when it comes to not only human capital, but all of the varying resources, institutions and infrastructures that support that human capital. What country is supposedly in really better shape?
As for the debt itself, most of it is still held by Americans in one form or another, which can be taxed and in either case the assets roll to the hands of future generations. It is a problem (though not of any sort of epic proportion) that a lot foreign ownership in the debt exists than has in the past. HOWEVER, there are plenty of claims that the U.S. has on foreign nations that when all netted out, does not make the obligations owed to the external countries THAT big of a problem.
Now this is not all to imply that everything is rosy by any means. There are problems clearly looming and the country can definitely position itself better. And the sooner that happens, the better off we will all be (at least the future) though it will require some sacrifice. Even assuming a lot of the downside prognostications, I'm still not in the camp that sees this as a massive crumbling of the "American way of life". >>
Thanks for the follow-up baseball. Our national debt remains the largest threat to America's future.
And don't worry cohodk, this thread should last through the holidays.
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful.
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
When something has had a good run, sell some and buy something that seems depressed in price. I haven't replaced any of my physical but will begin to do so soon. At what price? Good question?
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base."
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not.
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not. >>
I don't believe that that was the primary reason for being on that maiden voyage.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not. >>
Once again, your own interpretation....I don't believe that that was the primary reason for being on that maiden voyage.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not. >>
Once again, your own interpretation....I don't believe that that was the primary reason for being on that maiden voyage. >>
What do you mean my interpretation? It was touted as the unsinkable ship. That is historical fact. It was built up as some grand thing. A must see and do destination. People were captivated. They partied it up until it went down because they were led to believe it was the unsinkable ship long before they boarded. Blind trust is dangerous.
<< <i>As for comparing $20 back when a St. Gaudens was circulating to $20 today, we could also compare a share of Coca Cola from 1932 today and see which one's fared better. >>
Or a share of SS Kresge or Bethlehem Steel or General Motors. >>
Or somebody could have invested in a stock that did very well and multiplied in value.
Positive BST transactions with Timbuk3, coindeuce, charlottedude.
<< <i>Yes, and fractional ownership in a condo unit of a complex provides shelter utility or rental income. Piece of Paper
Deed to land provides timber, or farming opportunity, or recreational or other utility.. Piece of paper!
shares of stock provide fractional ownership of a company that produces products and profits so dividends and capital gains... piece of paper
Abstract definitions of paper are not useful to the discussion. No one is saying go all in or out of any one asset class, except extremists who take pholosophical points to the point of absurdity >>
The paper ultimately is as valuable as those that wish to defend the worth of the underlying asset. History is littered with despots nationalizing foreign entities. One can also lose their property to eminent domain. Can be frustrating to lose your longtime family home to make way for a baseball stadium and beg a court for a fair settlement.
On the other hand, distressed shares of AIG, GS, GE and nearly every bank of size were salvaged by an ill conceived bailout that was laid upon the doorstep of the American citizen.
European Jews that fled the Nazi's did best with diamonds and second best with Gold. Real property, works or art and business investments were worth less to them than 1000 pounds of pork rind. >>
Why are conservatives obsessed with the Nazis? (no apostrophe needed) Religious conservatives always bring up the Nazis when making their arguments...it gets really old.
Positive BST transactions with Timbuk3, coindeuce, charlottedude.
<< <i> silver and gold remain to be good hedges against dollar destruction.
As does any asset priced in dollars. And if the stock market tanks, just as silver tanked, someday it will also rebound and all will look like geniuses again. >>
That is why many investors tolerate unabated inflation. Even though the purchasing power of the dollar declines sharply, we are happy on a nominal basis to get even. One of the basic flaws of the typical investor. >>
Who is happy to get even on a nominal basis? The whole point of why people put money in the stock market or investment real estate is precisely to combat the declining purchasing power. >>
Plenty of folks in Japan would be real happy to see the Nikkei at the 1989 level of 39,000. They would still be far from even, but many would tell themselves that they had recovered their investments. >>
And you would be happy to see gold double and the stock market crash by 50%...then some of your foolish predictions would come true.
Positive BST transactions with Timbuk3, coindeuce, charlottedude.
Comments
<< <i>FACTS? Baseball hasn't presented any of those in all 7 pages of this thread. It's just repackaged opinions and rants. >>
Ditto!
<< <i>Stocks are worthless....well, at least my company stock in my 401K went kaput. This was a Fortune 500 company at that time of the Chapter 11 in 2002. Cost me a nice loss in my 401K seeing it go from $12, to $4, to $1, and finally to 2c per share went it went off line in 2003. Had been working there for 13 yrs at that point. A 2 yr re-organization, new funding, and today back to being a nearly $3 BILL company. None of that made me whole however. It got hammered post 9-11 due to assets associated with the air line industry and liquidity drying up. >>
I'm sorry to hear about your 401k loss. That was a bad time for dot com companies and the like. Sincerely hope you were diversified in your retirement plan.
But do you REALLY believe "stocks are worthess" like STM does?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>Stocks are worthless....well, at least my company stock in my 401K went kaput. This was a Fortune 500 company at that time of the Chapter 11 in 2002. Cost me a nice loss in my 401K seeing it go from $12, to $4, to $1, and finally to 2c per share went it went off line in 2003. Had been working there for 13 yrs at that point. A 2 yr re-organization, new funding, and today back to being a nearly $3 BILL company. None of that made me whole however. It got hammered post 9-11 due to assets associated with the air line industry and liquidity drying up. >>
I'm sorry to hear about your 401k loss. That was a bad time for dot com companies and the like. Sincerely hope you were diversified in your retirement plan.
But do you REALLY believe "stocks are worthess" like STM does?
I would expect that back then, most 401k plans weren't very well diversified. I don't think mine was; company stock and some Fidelity mutual funds.
<< <i>
<< <i>
<< <i>FACTS? Baseball hasn't presented any of those in all 7 pages of this thread. It's just repackaged opinions and rants. >>
Ditto! >>
I'm absolutely confident I've put forth facts under context that I have stated them. I'm also equally confident that you haven't put forth ONE fact, let alone the ridiculous idiotic comments you've made. >>
Baseball, you are the one who has made those idiotic comments like saying it is a fact that gold is useless.
Quick question. Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold?
Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold?
<< <i>
<< <i>Baseball, answer the question:
Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold? >>
Yes and yes (but less so). However, the entire point of all these pages that YOU posited, was that stocks are WORTHLESS, which was the point of me inviting myself to opine of the idiocy of such a statement. Then it morphed into gold, and how one can hold it in their hand, and how important it is to touch and feel and hold. Thus I pointed out that gold was useless which has been debated back and forth with no advancement on your part.
Your question has NOTHING to do with these two points, unless once again, there is some IMMINENT dismantling of private property in America. GOD BLESS AMERICA!!! >>
There you have it, folks. Baseball's latest idiotic claim is that gold has been worthless.
Roadrunner shared his story on how stocks can become essentially worthless. Baseball will not listen. Oh boy..
Every intermediary between you and what you own represents a risk, and normally that's not too much of a concern when things are operating honestly and reliably. My contention is that we aren't in the world of stocks & bonds circa 1985 anymore.
Play it the way you see it.
I knew it would happen.
<< <i>If some want to be blind and act like nothing is being manipulated by the bankers in this market, more power to you. I have a feeling the arrogant attitudes are going to disappear quickly when the hammer drops. No economy in history has even been propped up with smoke and mirrors that did not eventually collapse. We are not any different here in America no matter what some may think. >>
What do you think you are going to do when the "hammer drops," enjoy your life while the folks around you starve? I don't see any "arrogant" attitudes here, except maybe yours. You are convinced the sky is falling and those of us who, while certainly concerned about economic conditions, are trying to find the best way to "cover the field" in uncertain times are just fools. If you want to prepare for Armageddon you should be on a survivalists forum.
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<< <i>If some want to be blind and act like nothing is being manipulated by the bankers in this market, more power to you. I have a feeling the arrogant attitudes are going to disappear quickly when the hammer drops. No economy in history has even been propped up with smoke and mirrors that did not eventually collapse. We are not any different here in America no matter what some may think. >>
What do you think you are going to do when the "hammer drops," enjoy your life while the folks around you starve? I don't see any "arrogant" attitudes here, except maybe yours. You are convinced the sky is falling and those of us who, while certainly concerned about economic conditions, are trying to find the best way to "cover the field" in uncertain times are just fools. If you want to prepare for Armageddon you should be on a survivalists forum. >>
That's not at all what I was saying. You took my statement out of context. I was referring to the people who thinks this system is so great and that it's not going to collapse are in for a rude awakening. I guess you have not read anything I have stated before, because I have said many times none of us are going to escape this without pain. The ones who fully buy in to this system are going to be hurt the worst because they don't think it will happen and are not going to see it until it's too late. That is what I was referring to. There is nothing arrogant intended by my comments. My concern is for all of humanity. A plea for everyone to wake up, if you will. That's all.
If nothing else it's been interesting reading.
<< <i>"Congratulations to The Stock Market…new record highs!!!" >>
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<< <i>Baseball, answer the question:
Has there ever been a time in history where government issued forms of wealth or corporate promises written on paper were essentially worthless? How about gold? >>
Yes and yes (but less so). However, the entire point of all these pages that YOU posited, was that stocks are WORTHLESS, which was the point of me inviting myself to opine of the idiocy of such a statement. Then it morphed into gold, and how one can hold it in their hand, and how important it is to touch and feel and hold. Thus I pointed out that gold was useless which has been debated back and forth with no advancement on your part.
Your question has NOTHING to do with these two points, unless once again, there is some IMMINENT dismantling of private property in America. GOD BLESS AMERICA!!! >>
There you have it, folks. Baseball's latest idiotic claim is that gold has been worthless.
Roadrunner shared his story on how stocks can become essentially worthless. Baseball will not listen. Oh boy.. >>
That was the exception and not the rule. In general, gold is useful for preserving wealth while stocks are more suitable for growing or creating wealth.
Trust me.....it wasn't worthless.
<< <i>...........That was the exception and not the rule. In general, gold is useful for preserving wealth while stocks are more suitable for growing or creating wealth. >>
Hardly the rule. I would suspect that a sizable percentage of companies over the past 100 years have tanked and their stocks became worthless. I just happened to work for one. And it had been in business since the 1800's as a transportation/services company until its failure/reorganization in 2001-2003. That same company operated entertainment centers and theme parks (such as the LA Forum). How many companies failed in 2007-2011 that either failed outright or were taken over to keep the system afloat (banks, brokerages, mortgage and finance companies, retailers, etc.).
It's pretty clear that stocks often become worthless. It's just as clear that gold has never been worthless since civilized man first began to harvest it..... and it has dozens of uses including high tech, medicine, and in the genome project. But gold's two most obvious uses are defined by their 2 biggest shareholders - A Billion Asian citizens (population of 4.4 BILL) and the world's central banks. One could say that one of the favorite past times of Asian is accumulating gold. Apparently, Baseball cannot fathom that the other 95% of the world might just value things differently than he does.
Now if the US central bank would just dump its 8,133 tonnes of gold so that they align themselves with Baseball's favorite national pastime (hating gold - loving baseball). Could we get a petition together much like the Swiss just did and request our govt dump all our worthless gold so we can invest what's left in more useful endeavors? Baseball has "proved" beyond a shadow of a doubt that our gold has no function whatsoever in the world's economic or financial systems. So before it has no trading value whatsover, let's petition the govt and get 'er sold. The Asians just might trade us back some valuable TBonds and FRN's in exchange.........
<< <i>$300 an ounce was a excellent pickup point that has served investors well. >>
Worked for me. My first significant purchases of gold in the last run up were in Sept 2002 at $315/oz. That was based on reading the Summer 2002 Rosen Numismatic Advisory newsletter that had a compelling argument for gold to run to $1200/oz. And of all things that reasoning was the $38 TRILL in otc derivatives that JPM was carrying ($90 TRILL for all US banks). In Sept 2002 you could either short the stock market by buying paper twice removed or buy coins/bullion.
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<< <i>If some want to be blind and act like nothing is being manipulated by the bankers in this market, more power to you. I have a feeling the arrogant attitudes are going to disappear quickly when the hammer drops. No economy in history has even been propped up with smoke and mirrors that did not eventually collapse. We are not any different here in America no matter what some may think. >>
What do you think you are going to do when the "hammer drops," enjoy your life while the folks around you starve? I don't see any "arrogant" attitudes here, except maybe yours. You are convinced the sky is falling and those of us who, while certainly concerned about economic conditions, are trying to find the best way to "cover the field" in uncertain times are just fools. If you want to prepare for Armageddon you should be on a survivalists forum. >>
That's not at all what I was saying. You took my statement out of context. I was referring to the people who thinks this system is so great and that it's not going to collapse are in for a rude awakening. I guess you have not read anything I have stated before, because I have said many times none of us are going to escape this without pain. The ones who fully buy in to this system are going to be hurt the worst because they don't think it will happen and are not going to see it until it's too late. That is what I was referring to. There is nothing arrogant intended by my comments. My concern is for all of humanity. A plea for everyone to wake up, if you will. That's all. >>
Sorry if I got too argumentative. I think most of us follow this forum because we have various degrees of fear about the future and the train wreck the economy has become. I would love to convert all my stocks and bonds to cash, but as I have stated, it wouldn't last as long as I plan on being here ;-) My mantra has become "diversification," IMHO it is the ONLY way to assure that there will be something down the road for you. Who knows really where the stock market is headed long term? What if PM's skyrocket and the powers that be decide we shouldn't have them any more?
Buy stocks and bonds, put away PM's, buy real estate if you can afford it. We've done very well with antiques and collectibles over the years, we just sold an ice cream scoop we acquired for $15 ( many years ago) for $4300 (before fleabay and PP took their cut) but I mostly sell now and only buy no brainers. Keep lots of cash. I've stopped watching the news and barely look at the newspaper any more because it just makes me crazy.
<< <i>And who's to know if it is going to "collapse" or what you even mean by the word "collapse". >>
Bernie Madoff was riding high for several years on juggled books and a whole lot of Chutzpah. The 2008 meltdown took him from Park Avenue to Butner prison.
Financial charades can only go on for so long. Russia and half of South America are in the toilet. If you believe that 75 years of Ponzi economics can simply be outgrown by a few decent quarters, than make sure that you leave cookies and milk for Santa as he will no doubt be sliden down the chimney early Thursday morning.
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<< <i>And who's to know if it is going to "collapse" or what you even mean by the word "collapse". >>
Bernie Madoff was riding high for several years on juggled books and a whole lot of Chutzpah. The 2008 meltdown took him from Park Avenue to Butner prison.
Financial charades can only go on for so long. Russia and half of South America are in the toilet. If you believe that 75 years of Ponzi economics can simply be outgrown by a few decent quarters, than make sure that you leave cookies and milk for Santa as he will no doubt be sliden down the chimney early Thursday morning. >>
Oh, man... I'm sorry, but that last sentence is entirely too funny. Good points.
<< <i>Once again, insecure minds like to absolutely assume what others are thinking all the while swearing they know exactly what's going to happen in the future. >>
Economically, the writing is on the wall. That will not cause me to enjoy the Christmas holiday any less, if fact I will relish the good times for as long as I can. Sadly though the cost of keeping the game going is stealing the money from the next couple of generations.
Face it, us baby boomers have consumed way more that we have contributed and that is only the beginning as Medicare costs swell to fix our sorry old keesters.
If in your mind, that portends continued good times for decades to come, you have your head buried deeply and immovably in the sand. Not a bad place , but keep the lube handy!
Quite the opposite in my case and I suspect for many other boomers as well.
<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about.
<< <i>Economically, the writing is on the wall. That will not cause me to enjoy the Christmas holiday any less, if fact I will relish the good times for as long as I can. Sadly though the cost of keeping the game going is stealing the money from the next couple of generations.
Face it, us baby boomers have consumed way more that we have contributed and that is only the beginning as Medicare costs swell to fix our sorry old keesters.
If in your mind, that portends continued good times for decades to come, you have your head buried deeply and immovably in the sand. Not a bad place , but keep the lube handy! >>
Good post and Merry Christmas to you as well MGLICKER!
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<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
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<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
The globalists' brainwashing of the majority of the American people has been very effective through the mainstream media.
<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
I agree. I enlisted in the Marine Corps in'66 and lost a number of friends fighting in a war that the powers to be knew we weren't going to win, but we went because we figured when your country called, you responded. I went to school on the GI BIll and worked my whole life, I think I collected unemployment for about 3 months in the mid 70's. other than that I was "contributing." I didn't get the astronomical returns on my real estate that my parents and their friends did, nor did I kick in a couple of bucks a week for SS benefits that were a thousand times what I contributed. I admire the WW2 guys but like us, most of them just went through the motions.
You can ignore reality if you wish.
Point Baseball! In fact, touchdown!!
Liberty: Parent of Science & Industry
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<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
The globalists' brainwashing of the majority of the American people has been very effective through the mainstream media. >>
Oh you mean your talking about this.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
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<< <i>"Face it, us baby boomers have consumed way more that we have contributed…."
Quite the opposite in my case and I suspect for many other boomers as well. >>
Talking as a group. We have left an $18,000,000,000,000 hole for the next group of Americans to climb out of.
We can rationalize it in any fashion that gives us solace, but the debt is real and will economically hobble those that we care most about. >>
That $18T is on the launchpad too. It will be $40T and skyrocketing to oblivion while most of us are still here posting about it. Amazes me what the mainstream media simply will not report.
The globalists' brainwashing of the majority of the American people has been very effective through the mainstream media. >>
debt clock
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>debt clock >>
Yep, the future is here now. Choose to ignore reality and forget about the coming generations, everybody else is. It's a drug dealers mentality, "How much money can I put in my pocket today".
<< <i>Welcome back everybody! I thought cohodk had killed the thread but lo and behold exactly 24 hours to the minute she's roaring again!
If nothing else it's been interesting reading.
<< <i>"Congratulations to The Stock Market…new record highs!!!" >>
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I was worried about that as well. Imagine being the one who killed the "thread of the year".
Oh shoot, I hope I didn't just make the last post.
Knowledge is the enemy of fear
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<< <i>debt clock >>
Yep, the future is here now. Choose to ignore reality and forget about the coming generations, everybody else is. It's a drug dealers mentality, "How much money can I put in my pocket today".
VanHalen, that position is not exactly the way to view the entire picture. In a microcosm, it sounds REAL BAD. And it is bad either way. And the behavior itself is to be reviled (as many of you do and as do I). However, the "coming generations" will inherit the money that is pocketed today, along with all of the rich assets and resources of this nation. That includes TONS of natural resources, TONS of viable land and real estate, and contrary to the crazy views of some here, TONS of VERY VALUABLE stock in companies that produce very useful goods and services to the world over. This country is still, IMO (BY FAR), the most richly endowed country when it comes to not only human capital, but all of the varying resources, institutions and infrastructures that support that human capital. What country is supposedly in really better shape?
As for the debt itself, most of it is still held by Americans in one form or another, which can be taxed and in either case the assets roll to the hands of future generations. It is a problem (though not of any sort of epic proportion) that a lot foreign ownership in the debt exists than has in the past. HOWEVER, there are plenty of claims that the U.S. has on foreign nations that when all netted out, does not make the obligations owed to the external countries THAT big of a problem.
Now this is not all to imply that everything is rosy by any means. There are problems clearly looming and the country can definitely position itself better. And the sooner that happens, the better off we will all be (at least the future) though it will require some sacrifice. Even assuming a lot of the downside prognostications, I'm still not in the camp that sees this as a massive crumbling of the "American way of life". >>
Thanks for the follow-up baseball. Our national debt remains the largest threat to America's future.
And don't worry cohodk, this thread should last through the holidays.
Merry Christmas everybody!
<< <i>Hey, when the music is playing, you may as well dance. >>
Sort of like the stragglers on Titanic shuffling to Orpheus, or was it Danny Boy?
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful.
No inflation, ultra low interest rates, increasing corporate profits increasing dividends. Perfect.
<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
When something has had a good run, sell some and buy something that seems depressed in price. I haven't replaced any of my physical but will begin to do so soon. At what price? Good question?
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<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base."
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<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not.
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<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not. >>
I don't believe that that was the primary reason for being on that maiden voyage.
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<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not. >>
Once again, your own interpretation....I don't believe that that was the primary reason for being on that maiden voyage.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>There are some people on this board who suffer from agoraphobia. >>
But with psychotherapy and medications, you can escape the trap of agoraphobia and live a more enjoyable life.
(had to look that one up)
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<< <i>I think this thread will remain at top for a good part of 2015 as the market goes over 20k for the first time.
Hey, when the music is playing, you may as well dance.
My plan is to take some stock market profits and buy some physical in 2015. I sold all my physical in 2011, but now is the time to start buying back. >>
The folks on the Titanic were partying right up until the ship went down. It was too late for many of them when they finally realized what was happening. Be careful. >>
It wouldn't have made any difference...not enough lifeboats. Enjoy life while you can to the fullest, stop reading, listening or loosing sleep to all the doomsayers or conspiracy advocates. 90% of it, is their own interpretations and "inevitably way of base." >>
The point being, they were sold propaganda that it couldn't sink. The fully bought in to that, and they perished. It never hurts to pay attention or understand how the world works. A wise man prepares. The fool does not. >>
Once again, your own interpretation....I don't believe that that was the primary reason for being on that maiden voyage. >>
What do you mean my interpretation? It was touted as the unsinkable ship. That is historical fact. It was built up as some grand thing. A must see and do destination. People were captivated. They partied it up until it went down because they were led to believe it was the unsinkable ship long before they boarded. Blind trust is dangerous.
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<< <i>As for comparing $20 back when a St. Gaudens was circulating to $20 today, we could also compare a share of Coca Cola from 1932 today and see which one's fared better. >>
Or a share of SS Kresge or Bethlehem Steel or General Motors. >>
Or somebody could have invested in a stock that did very well and multiplied in value.
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<< <i>Yes, and fractional ownership in a condo unit of a complex provides shelter utility or rental income. Piece of Paper
Deed to land provides timber, or farming opportunity, or recreational or other utility.. Piece of paper!
shares of stock provide fractional ownership of a company that produces products and profits so dividends and capital gains... piece of paper
Abstract definitions of paper are not useful to the discussion. No one is saying go all in or out of any one asset class, except extremists who take pholosophical points to the point of absurdity >>
The paper ultimately is as valuable as those that wish to defend the worth of the underlying asset. History is littered with despots nationalizing foreign entities. One can also lose their property to eminent domain. Can be frustrating to lose your longtime family home to make way for a baseball stadium and beg a court for a fair settlement.
On the other hand, distressed shares of AIG, GS, GE and nearly every bank of size were salvaged by an ill conceived bailout that was laid upon the doorstep of the American citizen.
European Jews that fled the Nazi's did best with diamonds and second best with Gold. Real property, works or art and business investments were worth less to them than 1000 pounds of pork rind. >>
Why are conservatives obsessed with the Nazis? (no apostrophe needed) Religious conservatives always bring up the Nazis when making their arguments...it gets really old.
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<< <i> silver and gold remain to be good hedges against dollar destruction.
As does any asset priced in dollars. And if the stock market tanks, just as silver tanked, someday it will also rebound and all will look like geniuses again. >>
That is why many investors tolerate unabated inflation. Even though the purchasing power of the dollar declines sharply, we are happy on a nominal basis to get even. One of the basic flaws of the typical investor. >>
Who is happy to get even on a nominal basis? The whole point of why people put money in the stock market or investment real estate is precisely to combat the declining purchasing power. >>
Plenty of folks in Japan would be real happy to see the Nikkei at the 1989 level of 39,000. They would still be far from even, but many would tell themselves that they had recovered their investments. >>
And you would be happy to see gold double and the stock market crash by 50%...then some of your foolish predictions would come true.