<< <i>"""Once again, I realize that gold has some real limited uses. But nothing that is either substantive or remotely necessary to mankind. I don't think the position that gold is a useless rock is at all absurd."""
Pick up a small piece of granite and ask your dentist to fashion a crown out of it. Instead of a nice gold bracelet, hand your lady a handful of sedimentary rocks on Valentines day and see how comfy the sofa is for a week. An ounce of gold is malleable enough to be stretched to the Moon. Try that will aluminum.
Yes, your position is absurd. >>
What an idiotic argument...the fact that a woman asks for something doesn't therefore give it any utility or mean that it is smart to "invest" in...I was reading this forum earlier and your previous post (which wasn't edited) said something along the same lines...you edit your post and keep the same stupid argument? Your posts are very telling. Buy $10,000 worth of gold as an "investment. See how it does against the S&P 500 over 20 years (including dividends reinvested)...and see who ends up with more money. Oh yeah, I forgot...you think the value of money (frns) is decreasing big time every year because of inflation...too much Rick Santelli.
Positive BST transactions with Timbuk3, coindeuce, charlottedude.
Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry.
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress?
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress? >>
Grote, you do what you feel is best for you. Research what is keeping this market rolling, first. There are safer for sure things out there than this rigged market that is propped up by the FR printing all of this money. Like I said, people better not have anything tied up in this market that they can't afford to lose.
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress? >>
Grote, you do what you feel is best for you. Research what is keeping this market rolling, first. There are safer for sure things out there than this rigged market that is propped up by the FR printing all of this money. Like I said, people better not have anything tied up in this market that they can't afford to lose. >>
The latter statement can apply to any investment, including precious metals as we have seen these past couple of years. You obviously have a bunker mentality, which may be fine for you. I have a slightly more optimistic outlook, and look for opportunities to make money in any market conditions, through diversification of investment choices. Acting to the extreme on either side of the spectrum can become counterproductive for different reasons, imo..
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress? >>
Grote, you do what you feel is best for you. Research what is keeping this market rolling, first. There are safer for sure things out there than this rigged market that is propped up by the FR printing all of this money. Like I said, people better not have anything tied up in this market that they can't afford to lose. >>
The latter statement can apply to any investment, including precious metals as we have seen these past couple of years. You obviously have a bunker mentality, which may be fine for you. I have a slightly more optimistic outlook, and look for opportunities to make money in any market conditions, through diversification of investment choices. Acting to the extreme on either side of the spectrum can become counterproductive for different reasons, imo.. >>
No, no bunker mentality. Just eyes wide open as to why this market is rolling along at these highs. There are many like you who want to believe in the system. A system that continues to devalue your purchasing power through the FR. So be it.
My stocks outperformed precious metals last year. Too bad I make so many "errors". If errors were worth as much in the stock market as they are in coins, I'd be rich.
<< <i>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. >>
Lol, here's a post that's moronic n absurd all in one...."always", yea always, what a d.ps.!t ...
Gold isn't rare? Then go out in nature and dig me up 5 ounces within 24 hours. Come back and tell me how your adventure went. >>
I can't go out into nature and get you 5 starfruit within 24 hours. Most grocery stores don't sell starfruit, either. That doesn't mean they're rare. The fact that you can't dig up 5 ounces of something within a day doesn't mean it is rare.
Positive BST transactions with Timbuk3, coindeuce, charlottedude.
Rarity has to be taken in context. Gold is not rare in a jewelry shop or in a central bank vault. As the chart shows it is rare in the world of global assets.
Natural forces of supply and demand are the best regulators on earth.
Gold isn't rare? Then go out in nature and dig me up 5 ounces within 24 hours. Come back and tell me how your adventure went. >>
I can't go out into nature and get you 5 starfruit within 24 hours. Most grocery stores don't sell starfruit, either. That doesn't mean they're rare. The fact that you can't dig up 5 ounces of something within a day doesn't mean it is rare. >>
You can grow fruit. Can you grow or make genuine gold? Yeah..
If gold isn't rare, what's the deal with these brilliant economists who keep saying that there isn't enough gold in the world that it could be used as money?
It can't be both too rare and not rare at all. Can it?
One thing that we can say is that the quantity of gold doesn't change very quickly because mining it is capital and labor intensive.
Q: Are You Printing Money? Bernanke: Not Literally
One thing for sure is the 16:1 Silver / Gold ratio is way out of wack. Time will tell. BTW a few dozen stocks are driving up the market. if your not in those gem stocks your stock portfolio might be flat for the past few years.
One thing for sure is the 16:1 Silver / Gold ratio is way out of wack
Where did this "rule" ever come from?
1. 80% of the stocks in the SP500 are trading above their 200 day moving average.
2. The 50 day average of stock hitting new highs on the SP500 is 66. That means over the last 2 months 66 of the 500 stocks are hitting new highs. At the end of November this number hit 163. Nearly 1 out of every 3 stocks on the SP500 hit new highs. Thats a few dozen dozen.
3. The 50 day average of stock hitting new lows on the SP500 is 4. That means over the last 2 months 4 of the 500 stocks are hitting new lows.
4. The SP400 index---the midcap stocks (not GEMS) hit a new high last week and has doubled since Oct 2011.
5. The Wilshire 5000---index of the top 5000 companies hit a new high last week and has doubled since Oct 2011.
Not singling you out metalmeister---but how the myths and lies that masquerade as statistical truths continue to perpetuate is beyond belief.
<< <i>Thousands of years of religion has only brought what? >>
faith. >>
Usefullness. >>
Religion = Man's way to make money and control masses.
Faith = A personal relationship between someone and their creator.
Big difference! >>
Indeed. Gold surely fits your definition of religion. >>
Oh? Not hardly. It's just that some understand gold is real wealth and has a pretty good track record of being such throughout history. You keep on worshiping the system, ye one of great wisdom. And you call others brainwashed?
More wealth has been created in the last 300 years via stocks and real estate than gold. Hows that for wisdom? >>
You always try to take the debate in the opposite direction of the point being made when you know you can't win. The point being, paper isn't real wealth because man/the FR can print tons of it out of thin air, while gold has a limited supply available. If it's written on paper, when a crisis/collapse hits, it's usually worth the paper it's written on. And nothing more...
This whole market is being propped up with devalued dollars by the FR right now. It may go on a while longer, but when people finally wake up and stop wanting devalued dollars, it's over.
Like I said, keep worshiping the rigged system, Cohodk. You have served your masters well.
Man, talk about narrowed tunneled vision conbined with deaf ears.....you live in your world and I'll live in mine. We both seem content.....you with nothing but gold and I with a well diversified portfolio which includes a small percentage of PMs. It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars". I feel great on my returns the last few years....all the way back to the late 70s.
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
<< <i>Man, talk about narrowed tunneled vision conbined with deaf ears.....you live in your world and I'll live in mine. We both seem content.....you with nothing but gold and I with a well diversified portfolio which includes a small percentage of PMs. It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars". I feel great on my returns the last few years....all the way back to the late 70s. >>
I suppose reality can seem narrowed and tunneled to some. The people I was referring to waking up and not wanting devalued dollars are mostly other countries. Many Americans will remain blind to this until their dollar has a crisis, because the bought and paid for mainstream media is very effective on the deceived masses.
The world is a changing, my friend. Thirty five years might have worked out for you, but this isn't 35 years ago anymore. That is why you are seeing other countries meeting and planning ways to do away with the dollar as the world's reserve currency.
Lol, I guess the real issue is if a collapse/crisis actually happens in ones lifetime... We had one 2008-2009, and most seemed to think it would last forever, it didn't... Sell high, buy low...
Didn't some goof say always take advantage of a crisis?...
More wealth has been created in the last 300 years via stocks and real estate than gold. Hows that for wisdom?
"Stocks" and "real estate" didn't create the wealth. I would argue that people made the stocks more valuable. Real estate wealth - that's more a question of location, location, and promotion on someone else's dime, is it not? Much of this wealth creation is based on leverage, some of it is from an increase in the population, and some of it is from value-added goods & services. Wealth creation doesn't occur without human effort of some type.
Q: Are You Printing Money? Bernanke: Not Literally
We both seem content.....you with nothing but gold and I with a well diversified portfolio which includes a small percentage of PMs. It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars". I feel great on my returns the last few years....all the way back to the late 70s.
We all grew up learning from Louis Rukeyser, John Bogel, John Templeton and Peter Lynch - and that generation is long gone. This isn't your grandfather's investment arena anymore. The question is really - are things different at this time?
Mariner, you're saying that they are not. I truly can't say. You've done well the past 3 years mainly because of free money from the Fed. The previous 12 years were amazing for the metals, without free money from the Fed.
The problem with debt and entitlements going forward is real.
Q: Are You Printing Money? Bernanke: Not Literally
Im not trying to make some opposite point, just a point. You live in your world surrounded by words like "rigged, propped, manipulated, mainstream, deceived, blind, ect". All negative words. Thats not a world I have any desire to be part of. And its obvious you dont want to be part of mine which is great because now you can continue to serve me. You actions are predictable and therefore easy to profit from. You'll understand this someday. And if not, then thank you.
Louis Rukeyser, John Bogel, John Templeton and Peter Lynch - and that generation is long gone. This isn't your grandfather's investment arena anymore.
The aforementioned probably stated the same as you jmski.
Wealth creation doesn't occur without human effort of some type
Agreed. Human labor worked the land and human labor built companies and ideas (stocks). Where is the human effort associated with gold?
<< <i>We both seem content.....you with nothing but gold and I with a well diversified portfolio which includes a small percentage of PMs. It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars". I feel great on my returns the last few years....all the way back to the late 70s.
We all grew up learning from Louis Rukeyser, John Bogel, John Templeton and Peter Lynch - and that generation is long gone. This isn't your grandfather's investment arena anymore. The question is really - are things different at this time?
Mariner, you're saying that they are not. I truly can't say. You've done well the past 3 years mainly because of free money from the Fed. The previous 12 years were amazing for the metals, without free money from the Fed.
The problem with debt and entitlements going forward is real. >>
Yes, indeed. I just have to laugh when people like Cohodk claims nothing is wrong. Either he truly is brainwashed by the system and believe this, or he is just going along with the system that feeds him.
Anyone with eyes to see and ears to hear has to know there are major problems. No country has ever done what ours is doing and came out well. Contrary to what some believe, we aren't any different.
<< <i>That is why you are seeing other countries meeting and planning ways to do away with the dollar as the world's reserve currency.
News flash (from the bought and paid for media)!!!.....other countries have tried to "do away with" the dollar 35 years ago also. >>
News flash, the US was not nearly as vulnerable as we are today, and those countries like China weren't as strong as they are now. You are living in the past. We aren't there anymore. Like I said, things are a changing.
<< <i>More wealth has been created in the last 300 years via stocks and real estate than gold. Hows that for wisdom?
"Stocks" and "real estate" didn't create the wealth. I would argue that people made the stocks more valuable. Real estate wealth - that's more a question of location, location, and promotion on someone else's dime, is it not? Much of this wealth creation is based on leverage, some of it is from an increase in the population, and some of it is from value-added goods & services. Wealth creation doesn't occur without human effort of some type. >>
Another thing Cohodk fails to understand is how many wealthy people came out of the Gold Rush. Yes, that real wealth brought right up out of the ground. One can look back and see just a portion of it that sank on the SS Central America, and was later recovered. Those old miners didn't need worthless paper, they struck real wealth!
I don't believe that either cohodk or Mariner are brainwashed. I also don't believe that the great majority of the points Stan is making are off base either. The fact that we live in the greatest country that there's ever been has allowed most of us to benefit, whether it's been from holding metals at the right time, buying property at the right time, or riding out the stock market at the right time. Nobody I know has ever been right 100% of the time about the markets.
Some people feel great about the future. They could be right or wrong. However, I see enough societal problems to have become pretty defensive with my money, and I don't have any reservations about stating the reasons why. The big enchilada is the bond market. When it rolls over, stocks will follow.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>That is why you are seeing other countries meeting and planning ways to do away with the dollar as the world's reserve currency.
News flash (from the bought and paid for media)!!!.....other countries have tried to "do away with" the dollar 35 years ago also. >>
News flash, the US was not nearly as vulnerable as we are today, and those countries like China weren't as strong as they are now. You are living in the past. We aren't there anymore. Like I said, things are a changing. >>
Japan was. Germany was. Great Britain was. China is also going to be a "was".
<< <i>I don't believe that either cohodk or Mariner are brainwashed. I also don't believe that the great majority of the points Stan is making are off base either. The fact that we live in the greatest country that there's ever been has allowed most of us to benefit, whether it's been from holding metals at the right time, buying property at the right time, or riding out the stock market at the right time. Nobody I know has ever been right 100% of the time about the markets.
Some people feel great about the future. They could be right or wrong. However, I see enough societal problems to have become pretty defensive with my money, and I don't have any reservations about stating the reasons why. The big enchilada is the bond market. When it rolls over, stocks will follow. >>
I mostly agree. I also think that a great deal of your thinking is based on your demographic profile. You no longer have 40 years of work ahead of you. Your age influences your thinking. Just like the script you mentioned. 20 years ago it may not have been a necessary expense.
Those who expect life to be static are in for a world of hurt. Yes, Stan, things are changing, but not how you wish us all to think.
<< <i>I don't believe that either cohodk or Mariner are brainwashed. I also don't believe that the great majority of the points Stan is making are off base either. The fact that we live in the greatest country that there's ever been has allowed most of us to benefit, whether it's been from holding metals at the right time, buying property at the right time, or riding out the stock market at the right time. Nobody I know has ever been right 100% of the time about the markets.
Some people feel great about the future. They could be right or wrong. However, I see enough societal problems to have become pretty defensive with my money, and I don't have any reservations about stating the reasons why. The big enchilada is the bond market. When it rolls over, stocks will follow. >>
I mostly agree. I also think that a great deal of your thinking is based on your demographic profile. You no longer have 40 years of work ahead of you. Your age influences your thinking. Just like the script you mentioned. 20 years ago it may not have been a necessary expense.
Those who expect life to be static are in for a world of hurt. Yes, Stan, things are changing, but not how you wish us all to think. >>
I don't wish for anyone to think anything. I am just calling it how I see it, and mentioning the globalists' own ideologies right from their own mouths. One can look around and see your theory of "everything is fine" is not reality. Things aren't fine. Anyone with common sense can see that. I figure they will prop this thing up until they are ready to reset. The game changes then.
I also think that a great deal of your thinking is based on your demographic profile. You no longer have 40 years of work ahead of you. Your age influences your thinking.
Of course this is mostly true as well. Just as your thinking is based on your demographic profile, and as Reagan once pointed out to Walter Mondale, I am not going to take unfair advantage of your youth and inexperience in this debate.
If you didn't experience the ebullience of growing up in the '60s, you don't have the same basis for comparison to the current situation. There's much to be concerned about, the frog doesn't realize that the water temp in the pot has been turned up.
Frankly, I'm aghast at what's happened in just the past 10 years, and I'm not just referring to the US, which is seeing multiple trends that are not so good.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Still holding on to my Long NUGT position from the 9's. GLTA >>
Good for you, nice profit you have there Metals, You have more guts than I do holding over a number of nights, It worked for you before hope it does again.
I'm looking to enter GDX or GDXJ again at some point here. maybe NUGT for a quick trade, but I don't have the staying power in the 3x like you do
Comments
<< <i>"""Once again, I realize that gold has some real limited uses. But nothing that is either substantive or remotely necessary to mankind. I don't think the position that gold is a useless rock is at all absurd."""
Pick up a small piece of granite and ask your dentist to fashion a crown out of it. Instead of a nice gold bracelet, hand your lady a handful of sedimentary rocks on Valentines day and see how comfy the sofa is for a week. An ounce of gold is malleable enough to be stretched to the Moon. Try that will aluminum.
Yes, your position is absurd. >>
What an idiotic argument...the fact that a woman asks for something doesn't therefore give it any utility or mean that it is smart to "invest" in...I was reading this forum earlier and your previous post (which wasn't edited) said something along the same lines...you edit your post and keep the same stupid argument? Your posts are very telling. Buy $10,000 worth of gold as an "investment. See how it does against the S&P 500 over 20 years (including dividends reinvested)...and see who ends up with more money. Oh yeah, I forgot...you think the value of money (frns) is decreasing big time every year because of inflation...too much Rick Santelli.
<< <i>Gold's value lies in its rarity:
From How to Own Precious Metals >>
Gold is not rare. At all.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry.
<< <i>
<< <i>Gold's value lies in its rarity:
From How to Own Precious Metals >>
Gold is not rare. At all. >>
Gold isn't rare? Then go out in nature and dig me up 5 ounces within 24 hours. Come back and tell me how your adventure went.
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress?
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress? >>
Grote, you do what you feel is best for you. Research what is keeping this market rolling, first. There are safer for sure things out there than this rigged market that is propped up by the FR printing all of this money. Like I said, people better not have anything tied up in this market that they can't afford to lose.
<< <i>
<< <i>
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress? >>
Grote, you do what you feel is best for you. Research what is keeping this market rolling, first. There are safer for sure things out there than this rigged market that is propped up by the FR printing all of this money. Like I said, people better not have anything tied up in this market that they can't afford to lose. >>
The latter statement can apply to any investment, including precious metals as we have seen these past couple of years. You obviously have a bunker mentality, which may be fine for you. I have a slightly more optimistic outlook, and look for opportunities to make money in any market conditions, through diversification of investment choices. Acting to the extreme on either side of the spectrum can become counterproductive for different reasons, imo..
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>
<< <i>
<< <i>
<< <i>Everyone who buys in to this system does so with blind trust/hope that it won't collapse. The people who don't buy in to this paper Tower Of Babel do so because they realize how cooked it all is and it's just a matter of time before it falls apart.
It's like a big casino. You may make some money now, but the social engineers who runs these Ponzi schemes realize most people won't stop if they make some, they will keep pushing for more and more. The greed factor. Just like a casino has rigged odds for the little guy, so does this market. It's just a matter of time. People better not have anything tied up in this market than they can't afford to lose. IMO, if you do, you will be sorry. >>
So, are you suggesting that everyone should cash out their retirement and 401(k) plans in favor of gold and/or stuffing cash under the mattress? >>
Grote, you do what you feel is best for you. Research what is keeping this market rolling, first. There are safer for sure things out there than this rigged market that is propped up by the FR printing all of this money. Like I said, people better not have anything tied up in this market that they can't afford to lose. >>
The latter statement can apply to any investment, including precious metals as we have seen these past couple of years. You obviously have a bunker mentality, which may be fine for you. I have a slightly more optimistic outlook, and look for opportunities to make money in any market conditions, through diversification of investment choices. Acting to the extreme on either side of the spectrum can become counterproductive for different reasons, imo.. >>
No, no bunker mentality. Just eyes wide open as to why this market is rolling along at these highs. There are many like you who want to believe in the system. A system that continues to devalue your purchasing power through the FR. So be it.
<< <i>
<< <i>
<< <i>Gold's value lies in its rarity:
Gold is not rare. At all. >>
Gold isn't rare? Then go out in nature and dig me up 5 ounces within 24 hours. Come back and tell me how your adventure went. >>
I bet I can find 5 oz of gold before you find 5 oz of zinc.
Knowledge is the enemy of fear
Too bad I make so many "errors". If errors were worth as much in the stock market as they are in coins, I'd be rich.
<< <i>
<< <i>
<< <i>
<< <i>Gold's value lies in its rarity:
Gold is not rare. At all. >>
Gold isn't rare? Then go out in nature and dig me up 5 ounces within 24 hours. Come back and tell me how your adventure went. >>
I bet I can find 5 oz of gold before you find 5 oz of zinc. >>
Were we talking about zinc? I don't believe so..
Knowledge is the enemy of fear
The derivative value shown is the notional amount rather than the market value, so it is not a meaningful comparison.
Knowledge is the enemy of fear
<< <i>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. >>
Lol, here's a post that's moronic n absurd all in one...."always", yea always, what a d.ps.!t ...
<< <i>
<< <i>
<< <i>Gold's value lies in its rarity:
From How to Own Precious Metals >>
Gold is not rare. At all. >>
Gold isn't rare? Then go out in nature and dig me up 5 ounces within 24 hours. Come back and tell me how your adventure went. >>
I can't go out into nature and get you 5 starfruit within 24 hours. Most grocery stores don't sell starfruit, either. That doesn't mean they're rare. The fact that you can't dig up 5 ounces of something within a day doesn't mean it is rare.
Natural forces of supply and demand are the best regulators on earth.
Maybe it shouldnt even be considered?
Knowledge is the enemy of fear
<< <i>As the chart shows it is rare in the world of global assets
Maybe it shouldnt even be considered? >>
Thousands of years of history know best.
Natural forces of supply and demand are the best regulators on earth.
Knowledge is the enemy of fear
<< <i>Thousands of years of religion has only brought what? >>
faith.
Natural forces of supply and demand are the best regulators on earth.
<< <i>
<< <i>Thousands of years of religion has only brought what? >>
faith.
Usefullness.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>Thousands of years of religion has only brought what? >>
faith.
Usefullness.
Religion = Man's way to make money and control masses.
Faith = A personal relationship between someone and their creator.
Big difference!
<< <i>
<< <i>
<< <i>
<< <i>Gold's value lies in its rarity:
From How to Own Precious Metals >>
Gold is not rare. At all. >>
Gold isn't rare? Then go out in nature and dig me up 5 ounces within 24 hours. Come back and tell me how your adventure went. >>
I can't go out into nature and get you 5 starfruit within 24 hours. Most grocery stores don't sell starfruit, either. That doesn't mean they're rare. The fact that you can't dig up 5 ounces of something within a day doesn't mean it is rare. >>
You can grow fruit. Can you grow or make genuine gold? Yeah..
It can't be both too rare and not rare at all. Can it?
One thing that we can say is that the quantity of gold doesn't change very quickly because mining it is capital and labor intensive.
I knew it would happen.
<< <i>
<< <i>
<< <i>
<< <i>Thousands of years of religion has only brought what? >>
faith.
Usefullness.
Religion = Man's way to make money and control masses.
Faith = A personal relationship between someone and their creator.
Big difference!
Indeed. Gold surely fits your definition of religion.
Knowledge is the enemy of fear
BTW a few dozen stocks are driving up the market. if your not in those gem stocks your stock portfolio might be flat for the past few years.
100% Positive BST transactions
Where did this "rule" ever come from?
1. 80% of the stocks in the SP500 are trading above their 200 day moving average.
2. The 50 day average of stock hitting new highs on the SP500 is 66. That means over the last 2 months 66 of the 500 stocks are hitting new highs. At the end of November this number hit 163. Nearly 1 out of every 3 stocks on the SP500 hit new highs. Thats a few dozen dozen.
3. The 50 day average of stock hitting new lows on the SP500 is 4. That means over the last 2 months 4 of the 500 stocks are hitting new lows.
4. The SP400 index---the midcap stocks (not GEMS) hit a new high last week and has doubled since Oct 2011.
5. The Wilshire 5000---index of the top 5000 companies hit a new high last week and has doubled since Oct 2011.
Not singling you out metalmeister---but how the myths and lies that masquerade as statistical truths continue to perpetuate is beyond belief.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>Thousands of years of religion has only brought what? >>
faith.
Usefullness.
Religion = Man's way to make money and control masses.
Faith = A personal relationship between someone and their creator.
Big difference!
Indeed. Gold surely fits your definition of religion. >>
Oh? Not hardly. It's just that some understand gold is real wealth and has a pretty good track record of being such throughout history. You keep on worshiping the system, ye one of great wisdom. And you call others brainwashed?
Ubetcha!!
More wealth has been created in the last 300 years via stocks and real estate than gold. Hows that for wisdom?
Knowledge is the enemy of fear
<< <i>ye one of great wisdom
Ubetcha!!
More wealth has been created in the last 300 years via stocks and real estate than gold. Hows that for wisdom? >>
You always try to take the debate in the opposite direction of the point being made when you know you can't win. The point being, paper isn't real wealth because man/the FR can print tons of it out of thin air, while gold has a limited supply available. If it's written on paper, when a crisis/collapse hits, it's usually worth the paper it's written on. And nothing more...
This whole market is being propped up with devalued dollars by the FR right now. It may go on a while longer, but when people finally wake up and stop wanting devalued dollars, it's over.
Like I said, keep worshiping the rigged system, Cohodk. You have served your masters well.
We both seem content.....you with nothing but gold and I with a well diversified portfolio which includes a small percentage of PMs.
It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars".
I feel great on my returns the last few years....all the way back to the late 70s.
<< <i>Man, talk about narrowed tunneled vision conbined with deaf ears.....you live in your world and I'll live in mine.
We both seem content.....you with nothing but gold and I with a well diversified portfolio which includes a small percentage of PMs.
It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars".
I feel great on my returns the last few years....all the way back to the late 70s. >>
I suppose reality can seem narrowed and tunneled to some. The people I was referring to waking up and not wanting devalued dollars are mostly other countries. Many Americans will remain blind to this until their dollar has a crisis, because the bought and paid for mainstream media is very effective on the deceived masses.
The world is a changing, my friend. Thirty five years might have worked out for you, but this isn't 35 years ago anymore. That is why you are seeing other countries meeting and planning ways to do away with the dollar as the world's reserve currency.
We had one 2008-2009, and most seemed to think it would last forever, it didn't... Sell high, buy low...
Didn't some goof say always take advantage of a crisis?...
"Stocks" and "real estate" didn't create the wealth. I would argue that people made the stocks more valuable. Real estate wealth - that's more a question of location, location, and promotion on someone else's dime, is it not? Much of this wealth creation is based on leverage, some of it is from an increase in the population, and some of it is from value-added goods & services. Wealth creation doesn't occur without human effort of some type.
I knew it would happen.
It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars".
I feel great on my returns the last few years....all the way back to the late 70s.
We all grew up learning from Louis Rukeyser, John Bogel, John Templeton and Peter Lynch - and that generation is long gone. This isn't your grandfather's investment arena anymore. The question is really - are things different at this time?
Mariner, you're saying that they are not. I truly can't say. You've done well the past 3 years mainly because of free money from the Fed. The previous 12 years were amazing for the metals, without free money from the Fed.
The problem with debt and entitlements going forward is real.
I knew it would happen.
Im not trying to make some opposite point, just a point. You live in your world surrounded by words like "rigged, propped, manipulated, mainstream, deceived, blind, ect". All negative words. Thats not a world I have any desire to be part of. And its obvious you dont want to be part of mine which is great because now you can continue to serve me. You actions are predictable and therefore easy to profit from. You'll understand this someday. And if not, then thank you.
Louis Rukeyser, John Bogel, John Templeton and Peter Lynch - and that generation is long gone. This isn't your grandfather's investment arena anymore.
The aforementioned probably stated the same as you jmski.
Wealth creation doesn't occur without human effort of some type
Agreed. Human labor worked the land and human labor built companies and ideas (stocks). Where is the human effort associated with gold?
Knowledge is the enemy of fear
News flash (from the bought and paid for media)!!!.....other countries have tried to "do away with" the dollar 35 years ago also.
Knowledge is the enemy of fear
100% Positive BST transactions
<< <i>We both seem content.....you with nothing but gold and I with a well diversified portfolio which includes a small percentage of PMs.
It has served me very well for over 35 years...so, I guess I am still waiting "to wake up and stop wanting devalued dollars".
I feel great on my returns the last few years....all the way back to the late 70s.
We all grew up learning from Louis Rukeyser, John Bogel, John Templeton and Peter Lynch - and that generation is long gone. This isn't your grandfather's investment arena anymore. The question is really - are things different at this time?
Mariner, you're saying that they are not. I truly can't say. You've done well the past 3 years mainly because of free money from the Fed. The previous 12 years were amazing for the metals, without free money from the Fed.
The problem with debt and entitlements going forward is real. >>
Yes, indeed. I just have to laugh when people like Cohodk claims nothing is wrong. Either he truly is brainwashed by the system and believe this, or he is just going along with the system that feeds him.
Anyone with eyes to see and ears to hear has to know there are major problems. No country has ever done what ours is doing and came out well. Contrary to what some believe, we aren't any different.
<< <i>That is why you are seeing other countries meeting and planning ways to do away with the dollar as the world's reserve currency.
News flash (from the bought and paid for media)!!!.....other countries have tried to "do away with" the dollar 35 years ago also. >>
News flash, the US was not nearly as vulnerable as we are today, and those countries like China weren't as strong as they are now. You are living in the past. We aren't there anymore. Like I said, things are a changing.
<< <i>More wealth has been created in the last 300 years via stocks and real estate than gold. Hows that for wisdom?
"Stocks" and "real estate" didn't create the wealth. I would argue that people made the stocks more valuable. Real estate wealth - that's more a question of location, location, and promotion on someone else's dime, is it not? Much of this wealth creation is based on leverage, some of it is from an increase in the population, and some of it is from value-added goods & services. Wealth creation doesn't occur without human effort of some type. >>
Another thing Cohodk fails to understand is how many wealthy people came out of the Gold Rush. Yes, that real wealth brought right up out of the ground. One can look back and see just a portion of it that sank on the SS Central America, and was later recovered. Those old miners didn't need worthless paper, they struck real wealth!
<< <i>Wealth creation doesn't occur without human effort of some type
Agreed. Human labor worked the land and human labor built companies and ideas (stocks). Where is the human effort associated with gold? >>
So was there a Big Bang and then there were monster boxes of gold Eagles?...
Some people feel great about the future. They could be right or wrong. However, I see enough societal problems to have become pretty defensive with my money, and I don't have any reservations about stating the reasons why. The big enchilada is the bond market. When it rolls over, stocks will follow.
I knew it would happen.
<< <i>
<< <i>That is why you are seeing other countries meeting and planning ways to do away with the dollar as the world's reserve currency.
News flash (from the bought and paid for media)!!!.....other countries have tried to "do away with" the dollar 35 years ago also. >>
News flash, the US was not nearly as vulnerable as we are today, and those countries like China weren't as strong as they are now. You are living in the past. We aren't there anymore. Like I said, things are a changing. >>
Japan was. Germany was. Great Britain was. China is also going to be a "was".
Knowledge is the enemy of fear
<< <i>I don't believe that either cohodk or Mariner are brainwashed. I also don't believe that the great majority of the points Stan is making are off base either. The fact that we live in the greatest country that there's ever been has allowed most of us to benefit, whether it's been from holding metals at the right time, buying property at the right time, or riding out the stock market at the right time. Nobody I know has ever been right 100% of the time about the markets.
Some people feel great about the future. They could be right or wrong. However, I see enough societal problems to have become pretty defensive with my money, and I don't have any reservations about stating the reasons why. The big enchilada is the bond market. When it rolls over, stocks will follow. >>
I mostly agree. I also think that a great deal of your thinking is based on your demographic profile. You no longer have 40 years of work ahead of you. Your age influences your thinking. Just like the script you mentioned. 20 years ago it may not have been a necessary expense.
Those who expect life to be static are in for a world of hurt. Yes, Stan, things are changing, but not how you wish us all to think.
Knowledge is the enemy of fear
<< <i>
<< <i>I don't believe that either cohodk or Mariner are brainwashed. I also don't believe that the great majority of the points Stan is making are off base either. The fact that we live in the greatest country that there's ever been has allowed most of us to benefit, whether it's been from holding metals at the right time, buying property at the right time, or riding out the stock market at the right time. Nobody I know has ever been right 100% of the time about the markets.
Some people feel great about the future. They could be right or wrong. However, I see enough societal problems to have become pretty defensive with my money, and I don't have any reservations about stating the reasons why. The big enchilada is the bond market. When it rolls over, stocks will follow. >>
I mostly agree. I also think that a great deal of your thinking is based on your demographic profile. You no longer have 40 years of work ahead of you. Your age influences your thinking. Just like the script you mentioned. 20 years ago it may not have been a necessary expense.
Those who expect life to be static are in for a world of hurt. Yes, Stan, things are changing, but not how you wish us all to think. >>
I don't wish for anyone to think anything. I am just calling it how I see it, and mentioning the globalists' own ideologies right from their own mouths. One can look around and see your theory of "everything is fine" is not reality. Things aren't fine. Anyone with common sense can see that. I figure they will prop this thing up until they are ready to reset. The game changes then.
Of course this is mostly true as well. Just as your thinking is based on your demographic profile, and as Reagan once pointed out to Walter Mondale, I am not going to take unfair advantage of your youth and inexperience in this debate.
If you didn't experience the ebullience of growing up in the '60s, you don't have the same basis for comparison to the current situation. There's much to be concerned about, the frog doesn't realize that the water temp in the pot has been turned up.
Frankly, I'm aghast at what's happened in just the past 10 years, and I'm not just referring to the US, which is seeing multiple trends that are not so good.
I knew it would happen.
<< <i>Still holding on to my Long NUGT position from the 9's. GLTA >>
Good for you, nice profit you have there Metals, You have more guts than I do holding over a number of nights, It worked for you before hope it does again.
I'm looking to enter GDX or GDXJ again at some point here. maybe NUGT for a quick trade, but I don't have the staying power in the 3x like you do