Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Let's Be honest, what can you really sell your Silver for?
>
Reply to Thread
Message:
<p>[QUOTE="Gordon Shumway, post: 883139, member: 23520"]The way I see it, jobs are the result of companies having money to spend on human resources. When the money stops flowing in (people stop spending), companies will be forced to lay off and get leaner. Fewer employed = fewer people spending. If you look at the move off of the gold standard in 1971 + the introduction of the 401k, you have a stock market that goes up with 401k adoption by baby boomers and a money machine to feed it. The result is 30 years of people's investments going up, up, up and the saving rate going from 15% down to negative something in 2007. When the stock market dropped in 2008, it was predicted that 401k money would cushion the fall at 6200. Dead on accurate prediction. What will happen to this driver of spending instead of saving that has pushed our economy along for the last 30 years when the baby boomers decide they want to cash out their 401k accounts and hang it up? If you were a boomer and decided that you would just work a few more years because your retirement account isn't looking so good, you might get caught up in a retirement panic. Especially if the notion takes hold that if you wait, your retirement savings won't be what they would be if you took them today? Just wait people... the end is nigh.[/QUOTE]</p><p><br /></p>
[QUOTE="Gordon Shumway, post: 883139, member: 23520"]The way I see it, jobs are the result of companies having money to spend on human resources. When the money stops flowing in (people stop spending), companies will be forced to lay off and get leaner. Fewer employed = fewer people spending. If you look at the move off of the gold standard in 1971 + the introduction of the 401k, you have a stock market that goes up with 401k adoption by baby boomers and a money machine to feed it. The result is 30 years of people's investments going up, up, up and the saving rate going from 15% down to negative something in 2007. When the stock market dropped in 2008, it was predicted that 401k money would cushion the fall at 6200. Dead on accurate prediction. What will happen to this driver of spending instead of saving that has pushed our economy along for the last 30 years when the baby boomers decide they want to cash out their 401k accounts and hang it up? If you were a boomer and decided that you would just work a few more years because your retirement account isn't looking so good, you might get caught up in a retirement panic. Especially if the notion takes hold that if you wait, your retirement savings won't be what they would be if you took them today? Just wait people... the end is nigh.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Let's Be honest, what can you really sell your Silver for?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...