Are Stocks 80% Overvalued?

Discussion in 'Bullion Investing' started by fretboard, Aug 24, 2015.

  1. kema

    kema New Member

    Now this is just getting silly. I'll try to refrain from making this personal and inflammatory but have you actually looked at what is being taught in the U.S. today?
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  3. mikem2000

    mikem2000 Lost Cause

    Well, I certainly did when I did my own research, the last I checked a gallon of milk was the same quantity in 1960 that is today. Two perecnt per year it inflated. Don't believe me, just check it yourself.

    As I said, this is a real headscratcher, not only do you not want to search out the truth, you won't even tell me WHY you want to be in the dark. Without your input, I can only guess, the only logical concusion, is you just LIKE thinking everything is fixed, rigged, stacked against you and you don't want that lifestyle shattered to bits.
    If this is not the truth, please provide your input.
  4. mikem2000

    mikem2000 Lost Cause

    Well, we are just going to have to disagee, because I certainly have a higher opinion of the American people than you do. I think on average they are very intelligent and not mindless drones being brainwashed by our education system. That is all I have to say on the matter.
  5. longnine009

    longnine009 Most Exalted Excellency Supporter

    How do you verify what your being told? It comes down to believing or not believing. I can post my list of reasons for not believing in your world starting with Teapot Dome or the Gulf of Tonkin "incident" if you like. But most of it would probably be considered political.

    That's what you don't get. It's the Tale of Two Cities. And what you believe to be truth is no better or worse than what I believe is true no matter how many allusions you make to conspiracy theories or how many fantasies you have of thumping your chest and kicking my butt.
  6. mikem2000

    mikem2000 Lost Cause

    Actually I do have more to say. After thinking this through, I believe this is why I am not a stacker and others like yourself are.

    You see, I have a deep respect, for the hardwork, innovativeness, intelligence, and decency of most (not all) of the American Public. I go to work every day, and deal with my co-workers, who I am sometimes humbled by their work ethic and abilities. I have faith in these folks and therefore have faith in what they produce and innovate, so yeah, I trust stock certificate, bonds, and Fiat paper, simply becasue I trust what is backing it up.

    If you don't have such faith, you are more likley to trust an inanimate hunk of metal, that does not grow, produce interest, and kind of just sits there like a blob.

    Good luck with your way though, but I doubt it will work out for you.
  7. longnine009

    longnine009 Most Exalted Excellency Supporter

    Try checking something that doesn't have a gubmint subsidy. Better yet, see how many 16 oz products you can find.

    No Mike the real head scratcher is how you pretend I did not respond because I did not say what you wanted me to say or because I didn't respond fast enough for your self important time frame.

    More allusions to conspiracy theorist? It means nothing to me when it comes from the status quo.
  8. mikem2000

    mikem2000 Lost Cause

    I seriously doubt the entire Internet is rigged to prove the Government figures are correct. Are you so far into the conspiracy stuff, that you believe the Gov, would check every internet page and have them change the historical price posted for milk???? If you are, then just WOW, if not you can check the inflation yourself. So which is it? Its one or the other?
    Last edited: Aug 27, 2015
  9. mikem2000

    mikem2000 Lost Cause

    I actually asked you to pick your own basket, so there is no way possible you can accuse me of cherry picking.

    For the second part, you didn't respond until I called you out on it, and the first time I posed the question was months ago, so the "self important time frame" is bunk. You are correct though, I did not like your response, it is full of holes and I told you so and why. What's the problem?
  10. autograf

    autograf Member

    I'm fairly confident neither one of you will change each others minds. Remember the definition of insanity by the way.......regardless.....I'm sure a lot of people believed the backing behind Enron, Global Crossing, Lehman Brothers, Bernie Madoff, et al, and those are just to name a few. Most of the true bad guys from 2008/2009 are still practicing their wares today. Am I going to let that scare me completely away from stocks/bonds/real estate/etc? No. Does it make me somewhat worried? Yes. I still have stocks/bonds/real estate/401K/etc and add some PM's in from time to time when there are dips. I also have a HUGE baseball and nonsports card collection that I can guarantee you has made more money than much of all the other components of my portfolio. That scares me too as they are even more less fungible than other assets I have. You just gotta feel okay with whatever your plan is I guess......I might not like your plan, you might not like mine.....
  11. longnine009

    longnine009 Most Exalted Excellency Supporter

    I actually do pick my own basket. It's called shopping.

    What exactly did you " call me out on?"
  12. mikem2000

    mikem2000 Lost Cause

    Very true and probably the most intelligent thing I heard all day :) The point though is to put together a well thought argument that will ring true for other folks to read.

    Oh yeah, and that is why I always put the qualifiers in there and of course believe in diverisification. I trust the system as a whole, not individually components of it. I haven't purchased individual issue for many years, and rely on indexes to spread it out.

    Agreed, just because you argue in favor of something does not mean you think it is perfect in all ways. The system has many flaws, some bad ones, but it is still the best one I have seen, and will give you the greatest chance for success

    Whatever floats your boat, I collect shark teeth, some are quite valuable, up to $300 in my collection. Seriously doubt I will ever be break even with them, but they actually are quite liquid and can re-coup a fair portion of the cash outlay if need be.
  13. longnine009

    longnine009 Most Exalted Excellency Supporter

    Did you check all the Internet sites that report the price of milk. Yes or no. It's one or the other. Don't make me call you out.

    You failed to respond to my query of 16oz products you've come across.
    Are you so far into the status quo script that your afraid of finding a basket load of 15.1 Oz products?
  14. saltysam-1

    saltysam-1 Junior Member

    I see the contempt coming out and not caring for any counter claim. What happened in your life to cause such a view? You can always PM me if it is personal.
  15. mikem2000

    mikem2000 Lost Cause

    No way possible to understand inflation over the last 30, 40, 50 years just by doing shopping. I definitely will call shenanigans if you tell me you can recite the histoical price of all your items for several decades....I see this all the time. People just say, I go shopping and things are so expensive and that somehow proves that inflation is higher than what is reported. Well, I have news for you, the only thing that proves is things are expensive. But guess what, they were expensive in 1960 also, and in 1970, and in 1980. You just need to do the math to check out what percent of an average workers weekly salary goes to purchase a gallon of milk. I have done that research and can tell you things were more expensive in 1960 then they were today. Again, you don't believe me check it yourself.

    Refusing to do a little research to learn the truth or explain why you didn't want to make that effort. BTW you have every right to do neither, I just called you out, you didn't need to respond, but that would just make your argument even weaker.
  16. longnine009

    longnine009 Most Exalted Excellency Supporter

    Just curious.Did you write commercials for Chrysler back in the 80's?
  17. mikem2000

    mikem2000 Lost Cause

    Yes I did check the historical prices of milk and many other item. I did that research several years ago, when I wanted to discover for myself the truth about infaltion.

    I chose not to respond to your query about 16 oz products as is my perogative as I explained in my above post is your right too But in my case, it did not weaken my position since we also know manufacturers mess with quantity sizes. It is just common knowledge. It just doesn't prove higher inflation that reported. When you check your basket of goods, you don't check one jar of peanut butter with another that is a differnet size. You pick like for like, or if you cannot, oz. for oz. I just really thouht that was common sense and did not warrent a response.
  18. mikem2000

    mikem2000 Lost Cause

    Yes, that was me, it was a good paying gig and I got to meet a lot of women...

    Good night Longnine, I am heading off...
  19. longnine009

    longnine009 Most Exalted Excellency Supporter

    No, no, no. When I pay the same price for a yummy 15.1 oz T.V dinner that that was 16 oz the week before, that's inflation and I don't give a rat's behind what the internet, gubmint bumcrats or the "well actually" status quo call it.

    And while we're on the subject of inflation and since my comment: "Does it matter when the Big Giant Mushroom is supplying the GDP data was my intended discussion, what then do inflation figures from 50 years ago have to do with nominal GDP today?
  20. longnine009

    longnine009 Most Exalted Excellency Supporter

    Are you addressing me or someone else?
  21. Trent spencer

    Trent spencer New Member

    You. I was asking you what I should do since you deal in coins
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