Discussion in 'Bullion Investing' started by Stanley Bass, Feb 4, 2019.
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Knows how much Gold is in Fort Knox ?
When Germany wanted to take their gold back, the Germans were not allowed to fully audit their gold, meaning assay random bars and the germans could only repatriate their gold in small amounts..
The USA economy is in for a big collapse.
Especially since employees are forced into the 401K program due to either a 2006 or 2007 law.
Most 401K programs are heavily invested in worthless companies like facebook, twitter, LinkedIn, ect..
How is facebook work 10 of billions when their annual income in is the low millions?
A 50%+++ collapse of the stock market is just down the road..
boy, this is skewed with PM bias.
Facebook's revenue in 2017 was over 40 Billion. Not low millions.
Edited: Political discussion.
lest not forget Google was one of the pioneers of selling and mining user data when they started giving away free beta email.
It was funny. You send an email to a friend with catch words and you can watch your ads related to your emails. Pretty funny back then.
And Facebook, if you ask me, didn't cover up what they were doing. I bought stock in them many years ago after reading how they were going to develop revenue after knowing how Google was doing dominating in online ad revenue.. Facebook had their PC based gaming being sidelined due to mobile gathering steam; thus changing strategies.
In my opinion it is not fear mongering,
I have followed the stock market trends since the mid 1980's.
In the late 1990's I saw something just not right about certain companies and how they did business so I opted out of the stock market...then BOOM!! the Enron fiasco happened and the market took a nice dip.
In 2005-2006 I knew the housing market was going to crash and when I was married during that time I refused to buy a house. It caused a lot of family problems but I stuck to my guns saying30+% annual gains are totally unrealistic and a year or so later, the housing market crashed.
Now I see companies with no assets, not income, no nothing, yet they are multi billion dollar companies? it just don't make no sense.
But if you feel its fear mongering that is fine, I will respect your opinion but again I am sticking to my guns.
And if the market crashes within the next couple years, I will remind you of your error.
Thanks for the reply.
I don't mind having someone disagree with me. since your response was civil, I assume you are not a edited.
Ladies and gentlemen, "civility".
Sorry, but each of these articles is a mix of some truth and lots of nonsense or lies. Fortunately people around here (in Germany) know a little better about what has been going on with that gold.
HMMM.... All these worthless companies yet the PE of the S&P forward 12 months is a very respectable 15.31 with a 2.2% yield. If you choose not to invest in the outlier companies with little or no earnings I understand that but the stock market as a whole is on strong footings. Of course there are some headwinds, but low PE, increasing earnings, growing GDP.... Quite frankly it does not get any better than this.
1. The Dollar is worthless, gold is the only real money. No. Golds value is subjective, just like the dollar. There’s a handful of things that I would say have objective value, but gold isn’t one of those. Gold has no inherent properties that makes it valuable. You can’t eat it, drink it, or breath it.
2. The market is going to crash in the next few years. A claim basically as old as time, said by every arm chair analyst in an attempt to predict the future when no one real knows what’s going to happen. The market is a Sin Curve (if you don’t know what that is, google it), it goes up and down at a fairly predictable pattern. Markets always crash eventually, if you keep saying it, you’ll eventually get one right.
3. The US has no gold. To quote the bad guy from Die Hard 3 as he’s robbing The Federal Reserve Bank of New York, “Ten times what’s in Kentucky!”. Fort Knox might be empty (however I doubt it) but there’s still plenty of gold in the Fed. Plus, if the need ever arises, the President (whoever it may be ) could simply sign another EO making private gold ownership illegal (not saying I support, condone, or think it’s ok to do that, but an option that is available).
4. Online Compaines are worthless. This one is maybe the most true of the bunch. Yes, is there a lot of hype, and unproven companies are in the market. But, generally speaking, most online companies that are around today have a fairly good track record. Are there risky startups? Of course there is, there risky startups in every industry. Also, for those worried about the balance sheet, the biggest asset for online companies will never appear on a balance sheet, and that’s eyeballs.
I’m open to debate, and you can feel free to question me on these topics. I love discussing investing, but I would be very careful what you say. While you might not be trying to give investing advise, some people might take it as such, so be very careful that what you say is truthful and based in some realm of factual evidence.
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