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Author Topic:   Why There Are Gold Bugs & Silver Stackers
Tanypteryx
Member
Posts: 4597
From: Oregon, USA
Joined: 08-27-2006


(3)
Message 12 of 64 (916894)
03-15-2024 4:44 PM
Reply to: Message 4 by Phat
03-15-2024 3:53 PM


Re: Hard Ass(ets)
Phat in Message 4 writes:
Gold may be a paperweight in some fantasyland, but fiat currencies are simply paper in other points of view.
And yet in every single country on the planet people are using currency to buy and sell commodities. Before during and after financial resets they continue to use money to buy and sell commodities. People decide whether or not to except the value/price points.
The ways that value is assigned to apples, dollars, rupees, gold bars, and candy bars, is exactly the same. If buyers and sellers agree on a price/value a trade can be made. I will never agree that a Tesla electric vehicle is worth $250K, so I will never buy one for that price and if enough other people decide that price is too high they will not buy either, and the price will drop until people are willing to buy it.
That is how the economy works.
Phat in Message 4 writes:
My grocery budget is running at least 25% higher than a year ago.
A sign of record corporate profits.
Phat in Message 4 writes:
The value (purchasing power) of the U.S. Dollar is declining.
That's one of those odd things that seems counter-intuitive. When commodities are scarce or cost more to produce (for example because of higher wages for workers) their price increases. This also means that the economy is growing, which economists measure and claim is a positive goal. So, without price and wage increases there is no economic growth and we do know that economic stagnation is not the goal. What you call inflation is actually economic growth. The economy is not a zero sum game. The reason your wages do not keep pace with inflation is because huge amounts of currency are sequestered or removed from flowing through the economy by the ultra wealthy. They remove more value from the economy than they contribute, which means everyone else has to make up the difference.

Stop Tzar Vladimir the Condemned!
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that it has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --Percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq
Why should anyone debate someone who doesn't know the subject? -- AZPaul3

This message is a reply to:
 Message 4 by Phat, posted 03-15-2024 3:53 PM Phat has seen this message but not replied

Replies to this message:
 Message 13 by Taq, posted 03-15-2024 5:09 PM Tanypteryx has seen this message but not replied

  
Tanypteryx
Member
Posts: 4597
From: Oregon, USA
Joined: 08-27-2006


Message 15 of 64 (916898)
03-15-2024 5:21 PM
Reply to: Message 11 by Taq
03-15-2024 4:36 PM


That's my approach as well. I have found that the key to investment is self control. Invest it in a solid fund, then Jedi mind trick yourself to forget it exists until a given date.
That's what we have mostly done as well, but I made a wild gamble once.
The company I worked for years ago had an employee stock purchase plan where you bought shares and for every 4 shares you bought they gave you one share. Right after 9-11 the stock market tanked and our stock price dropped all the way down to $2.10 a share. I took all of our other retirement savings and bought stock...BOY OH BOY was my wife pissed!! Over the years we watched the price climb back up, eventually to $180 per share, I think. Then it slowly dropped back to around $60 and we felt like we had lost a bunch of money (that we never actually had, LOL). Anyway, in 2007-08 sometime the price got up to $80 and we sold all the shares except what was in my 401K, and my wife started speaking to me again. The next day the price jumped to $85 and we groaned...two days later the price started dropping and didn't stop until it got down to around $17 and we were in the middle of the worst recession in my lifetime.
Calculating the cost basis of these stocks for capitol gains tax was a royal pain! The price was different every month when we purchased shares, plus another company bought our whole corporation and then sold off 2 divisions, but continued the same plan with their stock, so we had to calculate the number of new shares we were issued for our old ones.

Stop Tzar Vladimir the Condemned!
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that it has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --Percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq
Why should anyone debate someone who doesn't know the subject? -- AZPaul3

This message is a reply to:
 Message 11 by Taq, posted 03-15-2024 4:36 PM Taq has not replied

Replies to this message:
 Message 16 by Percy, posted 03-15-2024 5:40 PM Tanypteryx has seen this message but not replied

  
Tanypteryx
Member
Posts: 4597
From: Oregon, USA
Joined: 08-27-2006


(1)
Message 20 of 64 (916903)
03-15-2024 10:19 PM
Reply to: Message 19 by Theodoric
03-15-2024 10:01 PM


We just put our IRAs in certificate accounts that pay over 5.5%. Funny, high interest rates don't matter to me anymore since we don't borrow money anymore.

Stop Tzar Vladimir the Condemned!
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that it has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --Percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq
Why should anyone debate someone who doesn't know the subject? -- AZPaul3

This message is a reply to:
 Message 19 by Theodoric, posted 03-15-2024 10:01 PM Theodoric has not replied

  
Tanypteryx
Member
Posts: 4597
From: Oregon, USA
Joined: 08-27-2006


Message 36 of 64 (917105)
03-21-2024 3:59 PM
Reply to: Message 35 by Phat
03-21-2024 3:39 PM


Re: Hard Ass(ets)
Phat in Message 35 writes:
Taq writes:
There's no economic apocalypse in Japan even though their economic numbers look way worse than ours. And they aren't even the world's currency for trade, something that gives the US way more margin for error.
There *is* a crises in China.
What does that have to do with Japan's economy or the U.S. dollar or silver or gold?
Stay tuned...we all are not out of the woods yet.
You may not have noticed, but economies are always in a state of flux, sometimes rapid and sometime slow. Are we ever out of the woods? Do we want to get out of the woods? Why?
What do the woods symbolize to you?

Stop Tzar Vladimir the Condemned!
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that it has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --Percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq
Why should anyone debate someone who doesn't know the subject? -- AZPaul3

This message is a reply to:
 Message 35 by Phat, posted 03-21-2024 3:39 PM Phat has replied

Replies to this message:
 Message 38 by Phat, posted 03-23-2024 10:40 AM Tanypteryx has replied

  
Tanypteryx
Member
Posts: 4597
From: Oregon, USA
Joined: 08-27-2006


Message 39 of 64 (917147)
03-23-2024 12:04 PM
Reply to: Message 38 by Phat
03-23-2024 10:40 AM


Re: Hard Ass(ets)
Phat in Message 38 writes:
What do the woods symbolize to you?
Confusion. No clear sense of direction. Increased spending year after year to combat causes that have no solution. A dilution of the pursuit of happiness and peace of mind.
It would have been enough to just say "confusion". Your examples of your confusion don't really clarify anything. "A dilution of the pursuit of happiness and peace of mind." Really? This means something to you?

Stop Tzar Vladimir the Condemned!
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that it has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --Percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq
Why should anyone debate someone who doesn't know the subject? -- AZPaul3

This message is a reply to:
 Message 38 by Phat, posted 03-23-2024 10:40 AM Phat has not replied

  
Tanypteryx
Member
Posts: 4597
From: Oregon, USA
Joined: 08-27-2006


(2)
Message 53 of 64 (917188)
03-25-2024 2:15 PM
Reply to: Message 51 by Phat
03-25-2024 1:56 PM


Re: Assets and Liabilities...Unfunded Obligations?
Phat in Message 51 writes:
Yes. As Taq mentions, we are "supposed" to pay down the debt in good times so as to weather the bad times. This is not happening. What irks me is that nobody seems to care.
How do you know it is not happening? Just what exactly are you doing about it?
Phat in Message 51 writes:
Too much debt outstanding may eventually come back to bite us in the arse.

I fear that it will.

Am I being irrational?
Thoughts and prayers should save the day, shouldn't they? But what I think is more likely, the Republicans in Congress will cause the U.S. to default on it's debt, making barrowing in the future more expensive.

Stop Tzar Vladimir the Condemned!
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that it has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --Percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq
Why should anyone debate someone who doesn't know the subject? -- AZPaul3

This message is a reply to:
 Message 51 by Phat, posted 03-25-2024 1:56 PM Phat has seen this message but not replied

  
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