Re: Investments

Posted by Bret4207 on January 01, 2014 at 14:38:08 from (64.19.90.196):

In Reply to: Investments posted by Rich_WI on January 01, 2014 at 12:22:47:

Rich_WI said: (quoted from post at 13:22:47 01/01/14) MarkB_MI said: (quoted from post at 14:29:51 01/01/14) Oh, I'm well aware that goldbugs have been around for a long time. I also remember when the Hunt brothers tried to corner the silver market in '79. My point is that mainstream investors started paying a lot more attention to gold after the market crashed, as evidenced by its rapid rise from 2008 to 2011. And of course preppers have been around for quite awhile, too. Remember Howard Ruff? He predicted the financial crisis was coming for thirty years before it finally hit in 2008. Of course, when it did come, it wasn't anything like Howie predicted. Oh well. See, there you go again with incorrect information... Gold has long been a storage of wealth, well before 2008. Before 1908 even. Historically, gold has been a storage of wealth, never an "investment" like you mistakenly call it. It has long been used by investors to park money during turbulent times. But just because an investor takes money out of the stock market and puts it in gold for a short term ride to avoid problems in the stock market, it doesnt make gold an "investment". You should have learned that in economics class. What gold does (and is) is a safe, fairly known amount of wealth. While gold has had some larger swings in price in the last few years and you have just been made awair of them, that still dont make gold an "investment". Its a storage of wealth, just like it has always been. Sure, you heard the term "goldbug" and now you are itching to use it like you are some smart guy. Sorry, nothing much has changed. Sure the internet is around now so you read a few blogs and a few forums for preppers and you think you are smart and the preppers are dumb. Think again. These goldbugs (and silverbugs) are not doing anything different than people have done since they dug the first nuggets out of the ground and nothing different since our modern stock market. Gold is a rather safe place to park wealth untill a better vehicle of wealth comes along. We know you have read the prepper websites so we know are you familiar with the phrase, "you cant eat gold". There is a reason they say that... The question is, what is that next vehicle of wealth? And why park wealth in gold? There is no simple answer for those questions because every person has different opinions but we can answer the questions in general terms. We will answer the second question first: Why exit other investments to buy gold (or silver)? Simple, lack of trust in the stability of where people had their money before. If you think the stock market will tank, putting your money in gold is (while not an investment), is a great place to put your money. If you think the USA will over spend and cause a major or even minor melt down of the value of the dollar, then you simply cant put your money in a better place than gold. If you think the stock market is going to go down or even crash, again, gold is a safe and historically proven place to put your money. And of course we come back to the first question, what is the next place to put your money after gold? Again, depends on the person. For some, it will be more stocks, when they feel the time is right. For other, it will be simply a loaf of bread, they will use it for every day living expenses no matter what they are. And for a couple, it could be huge things like an island in the pacific, yep some people are heavy in gold (and silver) that they can exchange it for huge things like an island in the pacific. And that my friends, is proof that Mark dont have a firm grasp on gold (or silver), much less the AR market. He learned a few phrases like "goldbug" and got all smug at how his investment did so much better than the preppers. I mentioned in another post how I could refute his origional message but I dont think I have the time but everybody can see how a very limited comparison between a few things on a temp. climbing market (like stocks) compaired to 2 other items on a temp. falling market and compairing them just dont work. It dont take a rocket scientist to change his origional post from 2008/9-2013 to 2008/9-2012 and he would be dead wrong. And not just by a little either. Try buying a AR15 a year ago.... But thats the great thing about picking dates in time like Mark did, anybody can be a genius when you look back, pick dates that benefit your stance and pick a few (literally 2) items that did poorly within the dates you picked. Heck, the goverment has trained monkeys to do what Mark did and then some. And we dont even have to get into the value of things beyond monetary value because how can you put a value on that?

Good outline. I'm no expert, but even I can see whats going on. Put your "money" in gold, good tools, land, wood, something other than paper dollars. That's probably the smart thing to do these days, put the money into a tangible item with intrinsic value. Some choose gold or gemstones, others choose far more mundane items. In a real crash things as simple as nails, screws, canning lids, salt, spices, etc. become barter. No, you aren't going to make a gazillion bucks or be able to trade ona stock exchange, but that's where the "you can't eat gold" thing comes in. If you want my chicken and comes to me with gold you aren't getting chicken. Most people don't know gold from bronze. Tangible, tradeable items have value too.

We used to pay $.49 for a good quality 2x4-8' stud. Now they are up over $2.50 for junk. Look to the future, it's not paper.

Of course if you think this can go on forever then none of this makes sense.

This post was edited by Bret4207 at 14:39:25 01/01/14.

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