eye exaggerate
Well-Known Member
I'm in Canada, so, God Save the (Dairy) Queen. Put your monies into Blizzards, they can't liquidate or freeze them.
America has a currency crisis coming very soon...
- Thread starter budman111
- Start date
UncleBuck
Well-Known Member
http://rollitup.org/t/silver-who-is-on-this-train.414328/
i would've lost half my money listening to silver bugs.
Balzac89
Well-Known Member
It wouldn't really be considered lost. In the case of a stock it cannot go bankrupt and as long as you hold it, it's not a loss.
Long term investment hard assets are best hold of value. Short term the market always fluctuates.
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Unclebaldrick
Well-Known Member
bu$hleaguer
Well-Known Member
Op has a rectal crisis coming soon.
budman111
Well-Known Member
Both are two sides to the same coin.
Balzac89
Well-Known Member
This is one of the most common myths believed by small investors.
It's only a loss on the books when you sell your position
abe supercro
Well-Known Member
Why do ppl have to be so diametric towards hard assets, it's just a position, not an all-in mentality. For some reason I find it reassuring that I can drive to any city in the country, plop a few decent pcs of metal on the counter of a p.m. dealer and walk out with a stack of paper. what a horrible option to have.
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Unclebaldrick
Well-Known Member
I have a pretty deep suspicion about them because of the kind of hype being blown into them and by who is doing it. Spend an afternoon listening to FOX news and check out the commercials. The buying motivations they use are pretty exploitative in my opinion. Exploiting people's fear in this uncertain time is what they seem to be doing. In my youth I worked for a precious metal marketing firm. It was a dark time.
I have no problem with them. I have invested in them a number of times and have done quite well. I buy it low (averaged around $5 for silver and $345 for gold) and sell it high. I fully expect to see a time in the not so distant future where gold is back in the $600 range. Right now I have enough precious metal to fulfill my tooth fairy obligations. But I will probably acquire a position when it comes back down. I like to dive around in it like a porpoise.
And I toss it up and let it hit me on the head. Gold is a satisfying feeling.
But the mentality of "I will need to trade this mercury dime for a ham sandwich in the coming zombie apocalypse" just leaves me cold. I see it as a useful metal with uses as a store of value, not as a manly obligation to my family after I get the 36 months of FOX Radio survival food.
ttystikk
Well-Known Member
I still think that taxing the rich back into the middle class is the best way to deal with them. No better and no worse than the rest of us. PERIOD.
Only then can we progress as a species.
tangerinegreen555
Well-Known Member
'I have a dream today...'
ttystikk
Well-Known Member
People have dreams. Other people can subscribe to those dreams. Eventually, we can make those dreams come true.
It's happened before and it can happen again.
maxamus1
Well-Known Member
Why do we need to tax the rich into middle class? Last time i checked the rich were the ones creating jobs. So your line of thinking will make sure that america has no jobs. Think about it do you know a poor person that's creating jobs?
ttystikk
Well-Known Member
I'm only going to tell you this once, so from a 'job creator' to your ears, pay careful attention;
There's only one job creator. His name is "customer". PERIOD.
Unclebaldrick
Well-Known Member
And that customer is very often the government. We are the government.
ttystikk
Well-Known Member
My point is that no matter how cool you are, unless customers walk in your door ready to spend cash for your goods, you're running a hobby, not a business.
Any Faux Spews propaganda to the contrary is just disinformation designed to keep belivers poverty stricken suckers, desperate for whatever crumbs their patrician overlords might deem expendable.
Illinois Enema Bandit
Well-Known Member
there's one big hitch to taxing the rich,the rich own airplanes & can flee with hard assets & paper assets,IDK what the answer is but I do know the ubber wealthy have historically burned down the village to save their own hides .
some of the issues you talk about implementing are doable only if the USA walks out on NAFTA & renegotiates our global trade positions, as well as killing TTP TPP TIP TOP TOKE or whatever they change the an acronym to with slight of hand .
I submit before we make any changes to anything we demand accountability as to where the missing $6 Trillion dollars the Pentagon & military have squirelled off with is hiding at & demand its return .
Illinois Enema Bandit
Well-Known Member
the global market changed those old business models where economies start with creation of wealth at the business end 1st,some industry's it still rings true but its not an across the board model,we have way too much global trade for the 1950's economic model to fit the 21st century global economy .
ttystikk
Well-Known Member
twostrokenut
Well-Known Member
This is one of the most common myths believed by small investors.
Nuh uh, big investors hate this. If you are holding 100% physical, you are holding a small percentage of the market, rest is paper.
Edit: and paper is what's used to manipulate markets blaze' blaze'
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