Why most people buy PMs for the wrong reasons...

Discussion in 'Bullion Investing' started by NorthKorea, Sep 30, 2016.

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  1. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Two things mainly - age and lack of ability/intellect. Employment needs are morphing faster than humans' ability to retrain. Ever try to learn a new skill as an adult? We're largely not wired that way. It's a real slog.
     
    Last edited: Oct 5, 2016
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  3. Danjohnson

    Danjohnson Well-Known Member

    I'm not trying to avoid anything, I'm pointing out the "ideology" that brought us here. This isn't the way things have to be.
     
  4. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    And I'm pointing out that the solution to tomorrow's problems virtually never comes from turning backward, aka "hard money".

    On edit: That is UNLESS causing a massive contraction in living standards, with literal blood in the streets, is your goal. If so, forge ahead with what you're doing.
     
  5. Santinidollar

    Santinidollar Supporter! Supporter

    Just jump on the web -- I suggest CareerBuilder, which tracks job openings. You will see, I believe, what I am talking about in terms of advanced training and education being needed in almost all the cases. The days of waving a high school diploma and getting a well-paid job for life are far behind us:
     
  6. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Except for coin dealers, right?
     
  7. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Bottom line: we are in Dire Straits. Get your money for nuthin', and your chicks for free. You're welcome for this repeated ear worm.
     
  8. Danjohnson

    Danjohnson Well-Known Member

    Living standards are already contracting and this is hardly the first time humanity has had a run-in with "money printing" (currency debasement). Historically, we've always returned to sound money (gold and silver) with good results... Until follow on generations forget history. The curse of Humanity, or so I've been told. (lol)
     
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  9. rzage

    rzage What Goes Around Comes Around .

    Double Standards
     
  10. Danjohnson

    Danjohnson Well-Known Member

    Sounds like "We" humans need to slow down and enjoy the simpler things for a while maybe. One of the things pushing this tech boom is easy money IMO. Seems it would be harder to have the rush without the artificial demand and capital created through the current system.
     
  11. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Any thorough examination of the genesis of the Great Depression (not the 2008/09 one, the earlier one) leads to the inescapable conclusion that the incentives formed by "hard money" caused people to act in a way as to cause the massive Depression that ensued. It is only a slight exaggeration to say that hard money CAUSES depressions.
     
  12. Clawcoins

    Clawcoins Damaging Coins Daily

    I thought that was left behind a long time ago.
    MBAs have been a dime a dozen for over a decade.
    Interesting information ==> http://www.bls.gov/careeroutlook/2014/article/education-level-and-jobs.htm
     
  13. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I agree with that, but I feel trying to do that is like engaging in severe upwind urination. What IS fueling the tech boom is "angel investors" who have had their startups bought up, making obscene profits, and then they feel they have been imbued with "all knowledge that is good and proper" and they are omniscient creatures who know all and tell little. In reality, they mostly are just some lucky shlub who hit the lottery with one lucky idea, and they may still be the moron they once were. See: Jason Calacanis or even Mark Cuban.

    Want evidence? How many Silicon Valley icons have hit TWO big valuable ideas? Not too many. You'd think if all virtue flowed from them, they'd be able to repeat, right?
     
    Last edited: Oct 5, 2016
  14. Danjohnson

    Danjohnson Well-Known Member

    Hard money coupled with Fractional Reserve Lending. I think it was speculation caused by excessive paper receipts (dollars) in relation to actual money (gold) that caused the depression. FDR's Monetary Shenanigans prolonged it (the depression) and WW2 ended it.
     
  15. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I disagree with your key premise - that gold is, or ever was, money. It only passed as money by a human decision, in fact several over the years, both in the positive and the negative. Money is a score-keeping operation, nothing more or less. The Great Depression proved what happens when you incentivize people to not spend - they hoard money because they fear they'll never get more. And down the deflationary spiral we go. Money was never meant to be of a fixed quantity - only a lack of economic imagination led us to that status. Money must always be a dynamic thing, subject to increase or reduction as needed by society.

    Yes, WW2 ended it, by having the idea "Spend money you don't have to beat these tyrants or die" thrust into our conscience. We chose well.
     
  16. Danjohnson

    Danjohnson Well-Known Member

    There are still plenty of good jobs in fields such as electrical, plumbing and such, many companies in my location will OJT them, with or without a H.S. diploma. But even people working in these fields are having problems keeping up with price and asset inflation. That is a direct result of monetary shenanigans such as ZIRP, not Nature.

    Pension funds, Insurance, etc. are all dependent on higher rates and we are starting to see them approaching the financial cliff. Growth is dead in the water, huge portion of the population, including the government is drowning in debt; So the Fed can't raise rates (substantially) but they can't keep them low either (we eventually get a systemic blow up regardless). The Fed has painted itself into a corner.

    Not "Doom and Gloom", this kind of stuff has been happening in Human affairs since humans. This is an opportunity.
     
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  17. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    There is NO entitlement to live off of passive savings, no matter how much you've salted away. Whoever told you that positive interest rates were a guaranteed thing, lied.

    I assume you're aware that even the Swiss voted down a modified "gold standard" in a national plebiscite. In fact, the only quasi-government who thinks hard money is a sound policy is ISIL - good company, eh?
     
  18. Danjohnson

    Danjohnson Well-Known Member

    People freely chose to accept Gold in (a medium of) exchange, that made it money. People were given the choice to pay taxes in fiat or go to jail, that made it money. And gold was outlawed... GOLD was made illegal! That made it not money nationally.

    Perception, Faith and Threats (Fiat) will only get a person so far in this world. Survival instincts are kicking in.
     
  19. Danjohnson

    Danjohnson Well-Known Member

    There is NO entitlement to anything. Our situation as Humans existing as we do, is fairly absurd but here we are. We can cooperate or not. I'm good either way but prefer cooperation when given the choice.
     
  20. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    I *very respectfully* disagree with a small portion being in PM. It's a matter of what you are comfortable trading. If you take an active role in managing your money, you can do well with any investment.

    For those that rely on others and sit on the sidelines, it is probably a good idea. But following the herd will always get you the same results as they get. And by the time you are on board, they are onto the next - leaving you holding the bag.

    The key is to migrate investments as financial turmoil drives the economy. If you're way up on stocks, and real estate is down - think about the timeline for it to recover and make your move.

    Same for PM. I was heavy on PM the last couple years - VERY heavy. When opportunity presented this year, I lightened the load. I'm waiting for the stock market to tank. I think it's warranted and overdue.


    There's the darker cloud in which many of the high paying full time jobs have been replaced with part-time jobs - which is what our economy has created in the last 5 years or so. Many many non-benefit part time jobs.

    So when you look at the unemployment rate - you need to look closely at the details. Johnny may have lost his job when Chrysler left the USA, and he may be working again now - but chances are much greater that he's working 22 hours a week at Home Depot. Not disrespecting a good job at Home Depot, but it isn't what he was making before - and it has no benefits - because the cost of the benefits far outweigh the overhead of managing multiple part-time employees.
     
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  21. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    Gubmint let the bullies have da inner-net. We're all doomed!
     
    Santinidollar likes this.
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