Has anyone else noticed?

Well said and I almost entirely agree with you but I do consider gold an investment, even if most people are in it for speculation, because it retains its value over time in any circumstances so I can't really think of a safer retirement plan, even if it may be less than now it will always be something. I prefer silver's risk vs. reward and I also view it as an investment but not to the same extent as I would gold.

 

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Agreed. But I'd substitute the word "insurance" for "an investment".

 

For believers in wide diversification, the winners are investments and the losers are insurance.

 

Yep. Too bad don't know which is which at the outset. Otherwise, you wouldn't need insurance.

 

Agreed. It seems starting 2-3 years back people actually started paying off their debt a little. NOW that they have paid some debt off, carry low credit card balances and hear our ALL MIGHTY government talking of a better economy.........hear they go charging again running up that debt. Anyone been to the mall, movies or restaurants lately.....economy looks great!

 

Smart

No so much.....quite arrogant not knowing someone else's financial situation.

 

If you spend a little time studying the technique of value investing, it might reduce your need for insurance a bit. Try "The Intelligent Investor" by Ben Graham. It takes out a little of the guesswork.

 

The world would be a better place without insurance if you ask me. Insurance rates are so anticompetitive that the goverment has to force everyone to buy it whether you like it or not. Car insurance is a great example. If I drive a humble beater worth only $2,500 why should I have to carry (read pay) for liability insurance that covers the potential damage to a $100,000 car that someone else CHOOSE to buy and drivre? Why am I asked to subsidize the risk of owning and driving such an expensive vehicle when it doesn't belong to me? The entire premise of insurance, especially car insurance, is a decitful fraud meant to shift the risk of loss from the rich to the not so well off. And if you don't like it, by golly they'll throw you in jail if you don't get with the program. ---Don't even get me started on health insurance...,,,

 

I agree insurance is a sham. I personally view it as legalized thievery.
BUT
You carry liability insurance in case you're LIABLE or the CAUSE of an accident. Don't hate because someone drives a better car than you. There are no new $2500 cars and cars don't run forever. Heck, I just spent $1500 getting my 13 year old truck fixed, but if you demolished my truck, I want it fixed!!, not an excuse that you don't have the money to fix it.....

If you or anyone else in their $2500 beater wrecked another car.....what are they supposed do to if they can't "afford" to pay for the damages? Say Oops, sorry......Oh well....Then someone gets sued.......and don't me started on lawyers.

 

Everyone ought to insure themselves against loss and eliminate the entire premise of "who is at fault" along with eliminating all the lawyers that go along with that. If you can afford to drive a $100,000 automobile, then you can afford to pay $16,000 a year to insure it, the real cost of the risk associated with driving such a car. As far as fault, accidents happen. If someone is criminally at fault, ie reckless or drunk driving when the accident occurred, toss them in prison. Anyone else with a car worth less than three or four thousand would save at least $700 a year in such an arrangement, and the real beneficiary would be the economy as a whole. A world without lawyers and insurance companies, can you imagine how wonderful it would be? Just get rid of the bankers and tenured professors along with them and we'd have utopia!

 

The liability sir is mostly NOT for the price of the other car you hit. Its for the medical bills that may ensue, the other property damage you may cause, etc. If you are only thinking about the other car, that is nothing. I have seen one teenage girl cause a half million dollar accident. Most of that had nothing to do with the costs of the cars.

Eliminating fault basically allows people who cause accidents to get lower rates, alloing them to keep driving. What happens in no fault states is everyone pays higher rates except for the worst drivers. One of those things that sounds great, but doesn't work well in practice. I would suggest the same structure we have now, but with tort reform, (you are right about the lawyers).

 

I have to disagree. I personally have invested in currencies. When I bought a German bond, I did it because I wanted to accrue Euros since I thought it was going to increase versus the dollar. THe last 5 years tens of billions of dollars have been invested in the Brazilan currency due to the higher yields they were paying.

Just for clarity, the currency market is larger than the sum of all other markets in the world. It dwarfs all other markets substantially. A lot of this is for trade, but some is investment. THe US dollar has been invested in strongly for many years.

 

All great things start with a great idea. It's up to you to make it happen.

Utopia would indeed be a world where people took enough responsibility for themselves and their actions to a point where we didn't NEED insurance, lawyers, bankers and tenured professors......

 

Everyone should take note that they have just read one of the most stupid and uninformed comments every posted on Cointalk.

 

I used to be on speaking terms with individuals who believed that having insurance on vehicles demostrated a lack of faith, paying taxes to government was sinful, using federal reserve notes was complicity with the corrupt banking system, etc.. There are sites that cater to "sovereigns" and paytriots who make it their life-long purpose to fight the evil system in and out of court. They are always on the losing side.

I don't like being forced to carry insurance beyond reason when it is shifting responsibility away from me when I should be bearing the consequences of my own actions. Vehicle insurance is another matter and there are very good reasons why we should all have it because accidents do happen. Being sued when you can't pay can ruin your life.

 

CoinTalk?

 

Since when are bonds and currency the same thing?

 

Since when aren't they sir? No one invests in currency, that would be retarded. You invest in US treasuries in invest in dollars, German bonds to invest in Euros, Brazilian bonds to invest in their currency. A government bond is nothing more than the currency that bears interest.

Federal Reserve notes is NOT what people are talking about when they discuss the US dollar, it is US bonds.

 

Hello

Actually, in my wanderings of this thread and this section it seems that it is peppered with a good number of entertainingly, but astonishingly, shall we say, naive, often long winded, and pompous communiques. It is quite a bit Steinfeldesque, with a touch of Jerry Springer. Really, much of what is read here makes Howard Beale sound benign. It does make me wish, however, that I was in the Guns, Can Food and Nuclear Shelter business.

For a moment, in this case, I kept thinking, why is this gentleman raving about coin insurance? After reading it the third time, I understood he wrote "Car Insurance!!".

Ah. I agree with him. Anyone stupid enough to get on the road with a bunch of crazy uninsured drivers of his disposition, is taking far greater risk with their lives than can be rationally accessed through actuarial tables, thereby rendering automobile insurance useless, and most certainly falling into the domain of heath insurance.

I'll stick with the subway.

Amanda

 

Nope, I don't think so. When making a trade in the FOREX market, it is the currency itself that is being bought as a play on exchange rates vs. other currencies. You can even use "play money" on their site, -check it out!

http://www.forex.com/land-demo2-gen...BIYGg&ef_id=jLhPhMeThzEAAEjF:20120414184415:s