THE ERA OF TRUMP

Smitty-48
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Re: THE ERA OF TRUMP

Post by Smitty-48 » Mon Dec 19, 2016 10:46 am

GrumpyCatFace wrote:
Smitty-48 wrote:Gold is volatile anyways, dude, you're going to get burned if you're buying gold for margin, lost $500/oz in the last 4 years.

Gold v. Equity? Bad bet, if you bought gold in 1980, you've made exaclty nothing in terms of profit.
Buy Low. Sell High. ;)
lol. "buy the dip". "Low" is $400/oz not $1200/oz.
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SuburbanFarmer
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Re: THE ERA OF TRUMP

Post by SuburbanFarmer » Mon Dec 19, 2016 10:51 am

Smitty-48 wrote:
GrumpyCatFace wrote:
Smitty-48 wrote:Gold is volatile anyways, dude, you're going to get burned if you're buying gold for margin, lost $500/oz in the last 4 years.

Gold v. Equity? Bad bet, if you bought gold in 1980, you've made exaclty nothing in terms of profit.
Buy Low. Sell High. ;)
lol. "buy the dip". "Low" is $400/oz not $1200/oz.
I'm planning to wait a bit longer. But when you need it, it's already too late.

https://goldprice.org/spot-gold.html

Anyway, the value will be immeasurable when the dollar finally collapses. ;)
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

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Fife
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Re: THE ERA OF TRUMP

Post by Fife » Mon Dec 19, 2016 10:56 am

Smitty-48 wrote:Gold is volatile anyways, dude, you're going to get burned if you're buying gold for margin, lost $500/oz in the last 4 years.

Gold v. Equity? Bad bet, if you bought gold in 1980, you've made exaclty nothing in terms of profit.
What about 1979? 8-)

Smitty-48
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Re: THE ERA OF TRUMP

Post by Smitty-48 » Mon Dec 19, 2016 11:04 am

Fife wrote:
Smitty-48 wrote:Gold is volatile anyways, dude, you're going to get burned if you're buying gold for margin, lost $500/oz in the last 4 years.

Gold v. Equity? Bad bet, if you bought gold in 1980, you've made exaclty nothing in terms of profit.
What about 1979? 8-)
More like 1976, but it's still only tripled your money in 40 years. If you've got the hottub time machine, we ain't going back to buy gold, dude, if we're going to 1976, we're buying stock, starting with AAPL. $800 is $35,000,000,000 now, Wozniak.
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Fife
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Re: THE ERA OF TRUMP

Post by Fife » Mon Dec 19, 2016 11:13 am

Smitty-48 wrote:
Fife wrote:
Smitty-48 wrote:Gold is volatile anyways, dude, you're going to get burned if you're buying gold for margin, lost $500/oz in the last 4 years.

Gold v. Equity? Bad bet, if you bought gold in 1980, you've made exaclty nothing in terms of profit.
What about 1979? 8-)
More like 1976, but it's still only tripled your money in 40 years. If you've got the hottub time machine, we ain't going back to buy gold, dude, if we're going to 1976, we're buying stock, starting with AAPL. $800 is $35,000,000,000 now.
Of course, that was my gag, and I'm pleased you got it. Not many around here would have. On a long enough timeline, everyone's life expectancy is zero.

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Re: THE ERA OF TRUMP

Post by Okeefenokee » Mon Dec 19, 2016 11:17 am

Time travel is gonna really wreck the economy.
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The Conservative
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Re: THE ERA OF TRUMP

Post by The Conservative » Mon Dec 19, 2016 11:21 am

Okeefenokee wrote:Time travel is gonna really wreck the economy.

Naw, it's here to save us haven't you been reading all the news...? Oh, I mean "Fake News"... http://www.dailystar.co.uk/news/latest- ... a-election
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Smitty-48
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Re: THE ERA OF TRUMP

Post by Smitty-48 » Mon Dec 19, 2016 11:47 am

Even if your investment strategy was somehow betting on a total market meltdown, gold is nothing to get excited about, even if you had bought gold at the end of the First World War, by the peak in the Great Depression, all you've made off of that is a 300% return in 10 years.

Even if you held it for 60 years and just happened to sell in 1980, you've still only made 1000% in more than half a century of holding it.
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Fife
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Re: THE ERA OF TRUMP

Post by Fife » Mon Dec 19, 2016 11:54 am

Gold is a hedge against total collapse, true dat. But would you rather have 100 pounds of gold or 100,000 rounds of .223, 9mm, .45ACP and .22LR (and enough reloading material to churn out 100,000 12ga shells between 7 1/2 and 00)?

Liquidity!

Smitty-48
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Re: THE ERA OF TRUMP

Post by Smitty-48 » Mon Dec 19, 2016 11:58 am

How you gonna hump a hundred thousand rounds of five-five-six? How long are you going to last drving around with a metric ton of ammo in the back of your pick-up? What, you think you can't be outflanked?

Gold plus ammo makes you the biggest target on the battlefield, everybody gonna be coming to take a peice of your ass.
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