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<p>[QUOTE="Sullysullinburg, post: 3348704, member: 73996"]Oh boy the cliches going on here. Let’s take these one by one.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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). </p><p><br /></p><p>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.</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="Sullysullinburg, post: 3348704, member: 73996"]Oh boy the cliches going on here. Let’s take these one by one. 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.[/QUOTE]
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