Is it time to sell gold at $1340 per ounce?

Discussion in 'Bullion Investing' started by myownprivy, Feb 19, 2019.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    More people have lost their life savings in precious metals, real estate, or NOT SAVING....than in the stock market.

    Stocks -- equities -- simply do not lose money as your time horizon increases.

    I suggest you google "Stocks, Rolling Time Periods" and read the research. Nothing comes close.

    What reset button ? And how did the rich get rich except by investing in stocks ?
     
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  3. Jeffjay

    Jeffjay Well-Known Member

    Labor created all wealth. Most people inherited great wealth or they exploited workers. A few made wise investments but not many.
     
  4. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

    You’re not going to educate him, bud. He’s the guy that’s sucking on cigarettes and lecturing everyone else on health matters. A quick search reveals the extent of the ridiculousness.
     
    GoldFinger1969 likes this.
  5. Jeffjay

    Jeffjay Well-Known Member

    Lecturing? Not likely.
     
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Who are you, Samuel Gompers ? :D

    Have you checked the Forbes 400 lately ? A majority created their wealth in the last 20 years or so: Bezos, Gates, Zuckerberg, Brin, Beneioff, etc. The myth of "inherited wealth" is another media creation without any basis in fact. Like "The Rich" not paying their fair share of taxes.

    Microsoft secretaries and Amazon janitors and Facebook caefeteria cooks and Google/Alphabet parking lot attendants are multi-millionaires. We should ALL be so "exploited."

    Just curious...what did you major in in college and what do you do for a living ?
     
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    ANY study focusing on rolling periods of time -- an unbiased measurement that eliminates start and ending periods -- will show that equities (stocks) are the best way of generating long-term wealth creation.

    It's not even close.

    Lower returns, and higher variability of returns, show when you compare bonds, CD's, gold or precious metals, and then tangibles like art and/or coins.
     
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You do realize we had a 37% drop in less than 6 weeks, right ?

    I can see you in June 1932....after the DJIA fell from 389 to 41...saying "You 'aint seen nothing yet, this thing is headed to zero." :D
     
  9. longnine009

    longnine009 Most Exalted Excellency Supporter

    How dare you Stackers sadden your Daddy by doing things the easy way--operating in a free market.... really now!

    Stop behaving as lower class blue collar rubes and be as wallstreet folks, you know: White Collar Catfish.

    Ever notice how big and strong catfish look? They swim up river a lot. They point all those antennas sticking out of their heads into the current, and...Fe-Fi-Fo...FED! Fe-Fi...throwing out food to the UN-DEAD! Fe-Fi...brilliant investment from the FED to the UN-DEAD just beyond, up ahead.

    Now Blue Collar rubes your new to real "investing" so you might be wondering why The Un-Dead Fulfillment Center needs to keep feeding the UN-DEAD like that. Why does White Collar Catfish Guru Person have to keep swimming up river all the time. Would it not be better to just model what the benefits would be, if for example, The UN-DEAD Fullfillment Center took rates to negative 25% and then just do a direct deposit to White Collar Catfish persons brokers' account? It would be much faster and would not destroy the banks like they're doing in Europe.

    That's exactly why you lower class blue collar people need be ejecated. So you can developed the first UDMMDDFFWCCGC formula or UN DEAD Mark to Model Direct Deposit Formula for White Collar Catfish Guru Class.

    Then you can go to cocktail parties in some Mcmansion in Connecticut and fascinate all the ladies. But best of all, it will make your Daddy ^ so happy, and un-saddened, to see his children succeed at real "investing."

    Congratulations! You blue collars are ready to become White Collar Catfish and do some real "investing." Try not to eat black mice displaying metal hooks if you can. But if you find yourself flapping around in the grass it was probably simeone elses fault so J-Man will be along shortly to kiss the boo-boos and throw you back in the water.

    20200524_121733.jpg
     
    Jeffjay likes this.
  10. Jeffjay

    Jeffjay Well-Known Member

    I have a basic meaningless associate's degree in small business and own a small Textile print shop. If you think the idea of inherited wealth is a media creation you know a little about how most rich people got to where they're at. Stocks, bonds, precious metals Etc are all a gamble. I could be wealthier if I wanted to exploit the labor of others.
    I make enough to pay my bills and buy a few coins and life is good. I don't measure wealth by what people have but by who they are as people.
     
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Congratulations, you do realize that 90% of ALL small businesses fail within the first 6 months ? Talk about risky !! :D

    I have followed the markets for close to 40 years. Trust me, I know a wee bit more than "a little." :D

    How can bonds -- U.S. Treasury bonds -- be a gamble when they are the safest investments on Earth ?

    Who do you think backs that FDIC-insured CD you are so apparently enamored with ?


    Who says you have to exploit others ? Why is investing "exploitation" ? It's the greatest wealth creator and povery-eliminator known to man.

    By NOT investing, you are to an extent impovereshing and exploiting others.

    If everyone invested in bank CD's or put their $$$ under a mattress, the world would be a poorer place.

    Good luck with your Textile Printing Shop, and keep exploiting your customers.....:D
     
    Nathan401 likes this.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    I'm starting to think one or the other of us needs to move to a state with different weed laws.
     
    Randy Abercrombie likes this.
  13. Jeffjay

    Jeffjay Well-Known Member

    I put my $ back into my business. Why should I support some stock broker?
    The stock market has little to do with the economy, it's just designed to prop up a lot of people that have more money than they need.
    Fortunately I'm in a business that it doesn't work for a corporation to own them. Oh and US Treasury bonds? Why the hell would anybody invest in those.
    The percentage they pay is an insult.
     
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    So do you save money or not ? If you do, CD's and savings accounts aren't much better.
     
  15. Jeffjay

    Jeffjay Well-Known Member

    I only keep enough money in the bank to operate my business. I continually build up my business it is my savings account. There is no way I'm going to let a bank use my money to loan out at high rates and pay me a pittance.
     
  16. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

    You don’t need a broker to buy stocks. I for one have never paid a broker. I’m sure you already knew that though.
     
  17. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

    Textile printing!!?! I thought for sure you were an accomplished virologist .
     
  18. FryDaddyJr

    FryDaddyJr Junior Member


    with a post like this you self identify as having low net worth
     
  19. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

    Interesting analysis. Care to explain?
     
  20. Jeffjay

    Jeffjay Well-Known Member

    And I see you're an accomplished troll.
     
  21. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Even back then gold at 1340 was not high at all.
     
    GoldFinger1969 likes this.
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