Why Issue Treasuries?

[SuburbanFarmer]

Then buy gold. I am sure ya'll are more clever than every person of real means that I have ever known, and have figured out some special secret about precious metals that eludes everyone else.

That must be why they are always trying to sell gold to the geniuses that watch daytime television.

I'm not saying that gold is the answer (it is).

But if I had money to stash, I'd put it all in gold and await the next "downturn" in the market, then go all-in on SPY. The herd in index funds right now is just awaiting slaughter.

If you have money to burn, think long term. For people who could weather the downturn of the great recession, it was only a temporary bath. Don't get into long term, high risk, if you haven't got the stomach to ride out a wave. Put gold in your mattress, Maury Povich viewers approve.

Well, you can always hope that the market recovers and doubles again, despite being double the value of Dec 2007.... Or you can buy low.

I guess I'll leave that to the financial geniuses of the MHF. I can't really understand such things.

[Hanarchy Montanarchy]

The point is, if you have the kind of extra money where you can pay someone else to worry about your extra money, it is a good idea. It is too easy to get emotional and skittish about your own money. That is when it all evaporates in your hands.

[SuburbanFarmer]

The point is, if you have the kind of extra money where you can pay someone else to worry about your extra money, it is a good idea. It is too easy to get emotional and skittish about your own money. That is when it all evaporates in your hands.

And that's exactly why you invest passively, in an index. The hedge fund managers are no less skittish than you are, in a downturn. And you're paying them to panic when the time comes, regardless of what it costs you.

If you're talking about a personal financial manager/accountant, then that's different. Still expensive, but if you've got 'fuck you' money, then sure.

[Martin Hash]

Even though I got nobody to recognize money is imaginary, at least we got no Bitcoin pushers here. Can you imagine the cognitive dissonance in a monetarist cryptocurrency guy? You'd think his head would explode!

p.s. Nothing proves money is imaginary like cryptocurrencies.

[Martin Hash]

The idea behind monetarism is that it makes it possible for a few people to own everything. First, you need a fixed amount (like gold) then you assign all the wealth in the world to that fixed amount so that as people get a larger and larger share of the tally, the more of the world they own. Ultimately, the goal is to own everything, and compounded returns can actually do that!

Unfortunately, fiscalists keep increasing the fucking money supply. How you gonna own the world with that kind of shit going on?!