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Discussion Starter #1
Sure enough commercials on this, refer back back to that 2008 crash where some people lost as much as 50% of their investment. But this is only if they took it out.

We left ours in, so did my family members, after a bit was higher than it was before. They claimed this money was lost, another lie, ended up in someone else's pocket

If we were to invest in gold at a current price of $1,345.45 an ounce and if there was a crash, claim there is going to be another one, who would pay $1,345.45 an ounce for it?

Ha, with our luck would only be worth $35.00 an ounce like it was for the first 33 years of my life.

Foreign country? If that 1929 crash was a sneeze to the US, was a major epidemic to countries like Germany, whole world goes down.

Wife suggested we invest in land, okay, lets look into it, first finding the land, next step was to the tax assessors office, darn property taxes are so high would go broke in a hurry.

Why even worry about it, we can move in with our kids, or better yet, move to Portland and become homeless.

Our neighbor doctor with a divorce sold his home in 2008, only got 60% of its value, to bad they didn't wait another year. Ha, when I heard about this the value of my home must also be way down so called the tax assessor. That was a huge mistake, increased our taxes.

We sure used a lot of gold back then, only known element that is non-corrosive for electrical contacts, that sure became history. Not sure about all the claims with silver, that stuff oxidizes like crazy.

Ha, if gold is so great, rather be selling it than buying it.
 

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I’m in my early thirties. I’m hoping for a recession. My whole adult life I’ve had to invest at the all time highs. I moved more money in on the February correction. I see no value in gold. I’d buy treasury notes before I ever thought of gold.
 

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way back when, a co worker was obsessed with gold. this was when it was illegal to own gold, and it was still 32/oz. when it became legal, he went out and spent a bunch on gold. at 32/oz. we all thought he was nuts. i guess he is still laughing.
 

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Discussion Starter #6
way back when, a co worker was obsessed with gold. this was when it was illegal to own gold, and it was still 32/oz. when it became legal, he went out and spent a bunch on gold. at 32/oz. we all thought he was nuts. i guess he is still laughing.
Think the year was around 1972 when every dollar had to be backed up with gold, can believe this was changed by an executive decision by Nixon!

This was the year inflation was invented. Was legal to own gold in like your teeth or jewelry, FDR requested you sell it to the government, needed more bucks for WWII.

Another crazy thought between my wife and I, we left home at 18, well I was drafted, most of my high school classmates got married so they didn't have to be.

With our kids, youngest left at 26, oldest at 30, ha, all were college educated but could not find jobs.
 

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I’m in my early thirties. I’m hoping for a recession. My whole adult life I’ve had to invest at the all time highs. I moved more money in on the February correction. I see no value in gold. I’d buy treasury notes before I ever thought of gold.

If memory serves me right,history shows that we have had a recession every 7 years,so,we are overdue. The major indices are now testing the 200 day moving averages,something not seen in quite some time.This should be tested a bit and once we break thru those levels,after more tests at those levels,we should see some major selling.I believe the tops are in and the trend is lower.

Too many bubbles going on and the stock market is over valued on a p/e basis.Unless you are picking stocks,I would stay out of the market and wait for a major correction.I told my parents to sell everything with their broker and move it all to cash,which they did not do.

When we do get major selling,it will bring gold and silver with it,but,they should recover and outperform extremely well after that with silver trumping gold.That is how I am playing it,we shall see how it plays out.

For the past two years,I have been in and out of specific silver stocks adding on the February correction. There are four areas in stocks that I have and/or will be adding to when certain price levels are reached.There are silver,uranium,lithium,and marajuana stocks.

Markets should become quite interesting within the next year.
 

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Discussion Starter #10
Had two $1,000.00 bills in my pocket when I purchased that new 65 Buick, was around $2,600.00, loaded. If I kept those, only worth about $125.00 today, but was watching Pawn Stars, Rick gave $2,000 for on or about 250 bucks. So much for keeping cash.

Just trying to keep your money up with inflation is a huge battle. 88 Supra had a sticker price of $27K didn't pay that much for it, but told its worth $16K today. But an 88 buck is only worth 50 cents today, more like $8K less than a third of its value, not selling it, didn't get my use out of it yet.

Claim CD's are your safest investment, sure was nice in the 80's, around 18%, today, not even keeping up with inflation and you have to pay income taxes on that interest so ending up with less money you started with.

Did get ahead in 1972 by building my own home, materials cost is well less than a third of the selling price, and at interest rates back then, with a mortgage would be paying back three time the price in interest. Ha, talk to people, they can deduct their interest, yeah but instead of paying around 10% to the IRA, paying 100% of it to a bank.

Bored, calculated what would happen if my FICA taxes, not only this but also paying income tax on top of that tax, if it was in an IRA, would have about 1.5 million today, but only getting pennies in SS payments, and have to give a good share of it back in more income taxes. Ha, planning on living until I reach 168 years of age just so I get all my money back.

If in the 10% tax bracket, and have a kid, end up paying 97 cents less in taxes each day and have to purchase a much larger vehicle to haul that kid due to seat beat laws.

One way to save a bunch of cash is to DIY, but the IRS is trying to figure out how to tax this as well.

About the only way I would play with stocks is to be on Wall Street itself, just a few seconds later on a computer can cost you a fortune, they got us where they want us.

Difficult enough just to keep the money you worked your butt off for. Super high tuition and health cost can actually put you below the poverty level where you can get this stuff practically for nothing, so ask, why are we working for.
 

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Gold is insurance and not an investment. Like car insurance, you pay for it and hope you don't use it. But, its there if you need it.

Toss silver platinum... into the insurance pile too, just like your life insurance.
Investment grade diamonds can also be considered insurance.

Gain or loss or expense means little if it saves you when you need it.
 

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Each person in the US owes $200,000 of our national debt. Do you think this is sustainable?

Paper money in the US will be worthless when foreigners stop buying our debt.

Gold or silver in hand, not paper, can help you by food instead of using a wheelbarrow of eventually worthless cash.

The system is rigged against the average guy. For decades, prior to the web, the average guy didn't invest in the stock market because it required doing it in person with a broker and paying fairly high fees. The elites discovered that they can make more money off of the stock market by opening it up to everyone via the internet and online brokers. Computer algorithms make automatic trades to at fractions of a dollar to make $$$ while the small investor takes it in the shorts. I have never made money in the stock market or in mutual funds.

Real estate over the years and gold (bought at $355/ounce) has more than offset poor picks in stocks and mutual funds. BTW, my '13 Elantra which I picked up in 2015 with 12k miles on it, only cost me 14 ounces of gold that I paid $4970 for ;-)

I'm putting all of my money in theta powered used Hyundais with 60k miles on them. When N. Korea detonates a nuke above our country, the EMP pulse will have no effect on my Hyundais as they will be in the same condition before and after-BROKE ;-)
 

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Drewd, check out Modern Monetary Theory.
https://en.wikipedia.org/wiki/Modern_Monetary_Theory

There's really no reason to worry about government debt, it just creates a nice piggy bank for the world as long as it's managed correctly. American debt still has a long way to grow until it's as large relative to GDP as a country like Japan (which is twice as high).
http://worldpopulationreview.com/countries/countries-by-national-debt/

If america ever defaulted on it's debt, I'd expect financial catastrophe as the dollar is the big currency of the world currently. At that point, it may not matter much what you're money is invested in....


Glad I found this thread. The yield curve has been inverted for nearly a full quarter, corporate debt is at an all time high (https://www.forbes.com/sites/greatspeculations/2019/04/08/what-ballooning-corporate-debt-means-for-investors/#3bf903d8636c), and bond prices have been steadily rising for the past several months. Manufacturing is taking a hit due to the trade war and jobs Friday gains are really slowing down. Anyone else starting to panic a bit? :p
 

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Paper money or currency is fiat. It is just paper.
The only thing backing it is the govt.
And the govt owes trillions of dollars
Which they will pay for by printing more currency, paper money.

Gold can not be printed or made more. There is a finite amount (more or less)
It is money. Gold is real money. It holds its value. If the price of gold goes up then who will pay the new price?
Everyone!!!!! Trading in gold for items, good and services will still be possible.

There are a few videos on the secret of money.



Does anyone remember when the govt was giving away cheese??
Watch the video about bread and circus. How govt distracts the public from the real issues.
 

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Foreign country? If that 1929 crash was a sneeze to the US, was a major epidemic to countries like Germany, whole world goes down.
 

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In fact, there is a real fireplace, up on the roof of which you can look down and see its base with an open air vent. Of course, when I was a child, I was brainwashed, and this is not the reason why some visitor could not go down and put our stockings on the mantle. But if I didn’t believe, my father would never have taken me fishing. We always earned on gear at casino useful reference.
 

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Maybe not a point, but an opinion, do not buy gold. Well unless you can buy it low and sell it high.

But sure trying their best to scare you into buying it.
What does gold hedge against? I've bought gold and silver for many years and there's a real good reason to own it.
 

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Gold is insurance and not an investment. Like car insurance, you pay for it and hope you don't use it. But, its there if you need it.

Toss silver platinum... into the insurance pile too, just like your life insurance.
Investment grade diamonds can also be considered insurance.

Gain or loss or expense means little if it saves you when you need it.
 

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All the precious metals and other tangible assets are a hedge against a falling dollar and inflation. Not insurance and not an investment, what it is.....is REAL. It has intrinsic value. An ounce of gold will buy today the same amount of actual goods it bought 100, 200, 500 years ago. It holds it's value. When the financial systems around the world crumble it'll be to late to hedge against the collapse. It'll crash fast and hard and it will push demand for tangible assets through the proverbial roof.
When we get one of these progressive socialist democrats as president it will not take long.
 
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