[Mywifes335]

Originally Posted by ASBSECU E93

The illusion here - currency and commodity values are just that...an illusion.

Regardless of what standard is used - very few people have 'real control' to insulate for fluctuations of supply/demand.

Prime example of this: Milk

When fuel was $4/gallon, milk cost X price.

When fuel cost fell to $2/gallon, milk still cost X price.

The commodity of fuel fell by $2/gallon, but the cost of the related commodity did not...

Good example of perceived value of $1 and the fact we have no control over it. 100%, cost of fuel and milk are not highly correlated and are subject to different market forces.

Currency value is affected by the total impact of all goods and services...including our rapper-like government spending. Oh yeah. Big pimpin.

Heard smart money is moving back into precious metals...gold.

[jtodd_fl]

Originally Posted by Mywifes335

Good example of perceived value of $1 and the fact we have no control over it. 100%, cost of fuel and milk are not highly correlated and are subject to different market forces.

Currency value is affected by the total impact of all goods and services...including our rapper-like government spending. Oh yeah. Big pimpin.

Heard smart money is moving back into precious metals...gold.

[Mywifes335]

Originally Posted by jtodd_fl

Don't laugh.... I bought through Goldline before. At one point, in Europe, there were ATMs that dispensed gold.

I don't trust this guy, JW Wentworth's fuckin cousin? He was "Carter" in the movie "Payback".

[Banana Hammock]

Originally Posted by Mywifes335

Don't laugh.... I bought through Goldline before. At one point, in Europe, there were ATMs that dispensed gold.

I don't trust this guy, JW Wentworth's fuckin cousin? He was "Carter" in the movie "Payback".

He looks like an old Seth Mcfarland.

[MKSixer]

Originally Posted by Mywifes335

Don't laugh.... I bought through Goldline before. At one point, in Europe, there were ATMs that dispensed gold.

I don't trust this guy, JW Wentworth's fuckin cousin? He was "Carter" in the movie "Payback".

So much win in that movie.

[Lups]

Originally Posted by jtodd_fl

OK, shit just got real. Since you are actually into it, I have a question. So, I have a question about the "recovery" from the economic meltdown and whether it is a validation of Keynesianism and whether quantitative easing is a counterforce to the Keynesian ideal of government created demand by lowering interest rates to the point of pushing private investment to "lighten the load" carried by the government. I have heard some say that Keynesianism has been largely validated by the last 7 or 8 years of US policy and I have heard others say that QE had a greater effect and that, given it was done in deficit spending, we have yet to settle the bill created by the Keynesian path taken by Bernanke et al. What are your thoughts?

(Maybe this should be in Ask A Girl Anything - Lups was just complaining about it being quiet over there.)

Originally Posted by MKSixer

[/I][/B]

Shall the Thread Jackers pay a visit?

You two old fucks should help a friend out when she's bored and stop bitching.

[ASBSECU E93]

Originally Posted by Mywifes335

Good example of perceived value of $1 and the fact we have no control over it. 100%, cost of fuel and milk are not highly correlated and are subject to different market forces.

Currency value is affected by the total impact of all goods and services...including our rapper-like government spending. Oh yeah. Big pimpin.

Heard smart money is moving back into precious metals...gold.

IMO - this is a risky calculated move, unless you KNOW how to trade this sector.

[ASBSECU E93]

Originally Posted by Lups

You two old fucks should help a friend out when she's bored and stop bitching.

@Lups !!!!

Sup?!?!

[Mywifes335]

Originally Posted by ASBSECU E93

IMO - this is a risky calculated move, unless you KNOW how to trade this sector.

True about anything. Anyhow, the recent funds flow into gold isn't for ST trading but rather capital preservation.

With gold today, I'm pretty comfortable with the downside risk (~30%). At last spot, I think was 1265....

[ASBSECU E93]

Originally Posted by Mywifes335

True about anything. Anyhow, the recent funds flow into gold isn't for ST trading but rather capital preservation.

With gold today, I'm pretty comfortable with the downside risk (~30%). At last spot, I think was 1265....

That's a LOT of down side....

[MKSixer]

Originally Posted by ASBSECU E93

@Lups !!!!

Sup?!?!

Lups

HEY!!!! whazzup!

[Biorin]

Originally Posted by jtodd_fl

OK, shit just got real. Since you are actually into it, I have a question. So, I have a question about the "recovery" from the economic meltdown and whether it is a validation of Keynesianism and whether quantitative easing is a counterforce to the Keynesian ideal of government created demand by lowering interest rates to the point of pushing private investment to "lighten the load" carried by the government. I have heard some say that Keynesianism has been largely validated by the last 7 or 8 years of US policy and I have heard others say that QE had a greater effect and that, given it was done in deficit spending, we have yet to settle the bill created by the Keynesian path taken by Bernanke et al. What are your thoughts?

(Maybe this should be in Ask A Girl Anything - Lups was just complaining about it being quiet over there.)

I don't think it validates Keynesianism. I think that Keynesianism is a bit like, say, liposuction. They both provide a quick and effective solution to the problem at hand, but do not address the underlying cause, which is why we keep going through the same cycles again and again. Artificially lowered interest rates encourage malinvestment/poorly thought out investments, which then fail and end up supported by QE and similar plans. There's a quote from Paul Krugman back in 2001 or so saying how Greenspan needed to create a housing (or similar) bubble to replace the tech bubble. How about you don't fuck with interest rates and create bubbles that eventually crash?

To me, deregulation and lowered taxes are much more effective in the long term. The government taking money from people and acting as if it best knows how to allocate it to stimulate the economy (bureaucracy and special interests, mostly) is ridiculous. The broken window fallacy comes to mind.

That's really oversimplified, and probably doesn't answer your question, but yes.

[Mywifes335]

Originally Posted by ASBSECU E93

That's a LOT of down side....

If your downside risk is <30%, you probably shouldn't be invested in any markets. Not a dig, just being honest.

Nothing is safe these days. Interest rate hikes have been imminent for years...only way to go is UP, so debt markets will eventually get crushed. And we're flirting with sky high equities indices...fueled by lackluster earnings and a shaky global economic environment. What do you think the downside is here? Equities always have a downside risk of $0. People forget that.

Gold has intrinsic value and 30% downside is pretty much the floor.

Real estate? Maybe. But people have really short term memories. EVERYTHING was down in 2008/2009. I think in highly speculative South Florida, real estate was down over 50%? I'm just approximating.

[ASBSECU E93]

Originally Posted by Mywifes335

If your downside risk is <30%, you probably shouldn't be invested in any markets. Not a dig, just being honest.

Nothing is safe these days. Interest rate hikes have been imminent for years...only way to go is UP, so debt markets will eventually get crushed. And we're flirting with sky high equities indices...fueled by lackluster earnings and a shaky global economic environment. What do you think the downside is here? Equities always have a downside risk of $0. People forget that.

Gold has intrinsic value and 30% downside is pretty much the floor.

Real estate? Maybe. But people have really short term memories. EVERYTHING was down in 2008/2009. I think in highly speculative South Florida, real estate was down over 50%? I'm just approximating.

Good is not a commodity you can personally convert to cash at perceived market price when holding the actual precious metal.

I can rent my investments for market value everyday if the week. More not that supply is shrinking and affordability for many who had credit issues during the recession.

Also - I started buying in 2009 and progressively allowed the 'correction' to work in my favor.

To each their own - but I'd be leery of precious metals as a significant hold for future earnings.

[Mr Tonka]

Originally Posted by Biorin

I don't think it validates Keynesianism. I think that Keynesianism is a bit like, say, liposuction. They both provide a quick and effective solution to the problem at hand, but do not address the underlying cause, which is why we keep going through the same cycles again and again. Artificially lowered interest rates encourage malinvestment/poorly thought out investments, which then fail and end up supported by QE and similar plans. There's a quote from Paul Krugman back in 2001 or so saying how Greenspan needed to create a housing (or similar) bubble to replace the tech bubble. How about you don't fuck with interest rates and create bubbles that eventually crash?

To me, deregulation and lowered taxes are much more effective in the long term. The government taking money from people and acting as if it best knows how to allocate it to stimulate the economy (bureaucracy and special interests, mostly) is ridiculous. The broken window fallacy comes to mind.

That's really oversimplified, and probably doesn't answer your question, but yes.

Thank you.

[Biorin]

Originally Posted by Mr Tonka

Thank you.

Why are you thanking me for oversimplifying?

[Biorin]

Originally Posted by ASBSECU E93

Good is not a commodity you can personally convert to cash at perceived market price when holding the actual precious metal.

I can rent my investments for market value everyday if the week. More not that supply is shrinking and affordability for many who had credit issues during the recession.

Also - I started buying in 2009 and progressively allowed the 'correction' to work in my favor.

To each their own - but I'd be leery of precious metals as a significant hold for future earnings.

Metals aren't a hold for future earnings, imo... More of a hedge against shit hitting the fan. I've got plenty, but not because I expect it to make me boatloads of cash. I have it because, well, I don't want the literal cash...

[Mywifes335]

Originally Posted by ASBSECU E93

Good is not a commodity you can personally convert to cash at perceived market price when holding the actual precious metal.

I can rent my investments for market value everyday if the week. More not that supply is shrinking and affordability for many who had credit issues during the recession.

Also - I started buying in 2009 and progressively allowed the 'correction' to work in my favor.

To each their own - but I'd be leery of precious metals as a significant hold for future earnings.

To clarify, what I had mentioned previously was a lot of professional investors are moving to gold for capital preservation...not for a LT investment strategy. I in no way suggested gold as a cash flow instrument - it's about Keeping what you got.

Sorry. But your first statement is 100% incorrect. Gold, not jewelry, but in standardized coins, biscuits and bullion are indeed fungible for the average investor.

All commodities are traded at actual market prices - hence the existence of commodities markets. Yes, these are futures but if you trace each contract back, it is to physical gold, coffee, silver, crude, whatever the commodity. The joke back in the day was if you owned a June contract for crude, you can actually get barrels of crude delivered to you.

[Mywifes335]

Originally Posted by Biorin

Metals aren't a hold for future earnings, imo... More of a hedge against shit hitting the fan. I've got plenty, but not because I expect it to make me boatloads of cash. I have it because, well, I don't want the literal cash...

Capital preservation.... That's what I was suggesting.

[Biorin]

Originally Posted by Mywifes335

To clarify, what I had mentioned previously was a lot of professional investors are moving to gold for capital preservation...not for a LT investment strategy. I in no way suggested gold as a cash flow instrument - it's about Keeping what you got.

Sorry. But your first statement is 100% incorrect. Gold, not jewelry, but in standardized coins, biscuits and bullion are indeed fungible for the average investor.

All commodities are traded at actual market prices - hence the existence of commodities markets. Yes, these are futures but if you trace each contract back, it is to physical gold, coffee, silver, crude, whatever the commodity. The joke back in the day was if you owned a June contract for crude, you can actually get barrels of crude delivered to you.

What's a gold biscuit? Can you eat it? I like food even more than gold.

[Mywifes335]

Originally Posted by Biorin

Metals aren't a hold for future earnings, imo... More of a hedge against shit hitting the fan. I've got plenty, but not because I expect it to make me boatloads of cash. I have it because, well, I don't want the literal cash...

You're smart. I'm converting my free cash and low duration fixed income into physical gold...where I can. Otherwise, putting into a gold tracker.

[Mywifes335]

Originally Posted by Biorin

What's a gold biscuit? Can you eat it? I like food even more than gold.

Hahahaha. Sure thing.