Global recession?!

[SteveBailey]

Since when was it within cycles to bail out a bank with tax payers money?

read what I wrote, not parts of it  I also said:

Certainly the govt can and has exacerbated recessions

you said you blame the govt for recession.  Please explain to me how this recession is the govt's fault.

[bj229r]

I call BS.  US Government cash is going to guarantee the investors investment.  They should have had a more keen interest into what their money is doing. 

Where was their guarantee when I invested in Delta, and it tanked? 
Where was their guarantee when people invested in other investments and they tanked.

This is just guaranteeing rich peoples money...  which is a crock of crap.

Yah, it DOES look like an S&L bailout, but the reasons for doing so were mostly to prevent a run on banks causing a 1929-ish domino effect, which would have cost heap much MORE money

[SteveBailey]

Dunno about wheat, but if you look at the numbers for gold, it's very bouncy. I believe it's only a 4% return over the last 50 years. 

You really don't have any idea do you?  Be honest.    Here's a hint:  Since 1975 gold has gone up over 400%.

[Fishu]

The US doesn't make enough items any longer to be a viable exporter and we only basically produce housing which is in the toilet because of the rates being cut so much for the last several years.

Well, the US does also produce and export vast amounts of dollars. I guess the product's value has declined due to excess supply.

[Fishu]

You really don't have any idea do you?  Be honest.    Here's a hint:  Since 1975 gold has gone up over 400%.

Sounds pretty much level with the inflation. Unfortunately I don't have inflation charts dated back that many years, but it should be close.


Found an inflation calculator at: http://www.westegg.com/inflation/infl.cgi

What cost $100 back in 1975 would've cost $416.12 in 2007. I had my "guess" pretty much on the spot. Indy is quite correct.

[SteveBailey]

Sounds pretty much level with the inflation. Unfortunately I don't have inflation charts dated back that many years, but it should be close.


Found an inflation calculator at: http://www.westegg.com/inflation/infl.cgi

What cost $100 back in 1975 would've cost $416.12 in 2007. I had my "guess" pretty much on the spot. Indy is quite correct.

Nice try but he mentioned nothing about inflation adjusted numbers.

Edit: I'll play along though.  In the last 50 years, inflation has gone up 755%.  Gold has gone up over 1300%     

[Fishu]

Nice try but he mentioned nothing about inflation adjusted numbers.

Well, I don't really know what the discussion is about, but the difference since 1975 doesn't really mean anything else than that the gold will keep up with the inflation (unsurprisingly), but doesn't give much real profit.

[SteveBailey]

Well, I don't really know what the discussion is about, but the difference since 1975 doesn't really mean anything else than that the gold will keep up with the inflation (unsurprisingly), but doesn't give much real profit.

Well he mentioned the last 50 years.. here  I'll play along with you , using his time period.



In the last 50 years, inflation has gone up 755%.  Gold has gone up over 1300%   

[indy007]

It won't last? Well unless demand drops off dramatically (global depression) or someone discovers a new miracle supply of cheap fuel I'm affraid it only has one direction to go and that's up. Then again ironically to this thread the fall in U.S economy and lower U.S dollar has helped over past months to keep it under $100 a barrel but even that barrier is now broken.


<S>...-Gixer

Patience is a virtue. It's not something that will happen overnight, but it happens to every commodity.

Well he mentioned the last 50 years.. here  I'll play along with you , using his time period.



In the last 50 years, inflation has gone up 755%.  Gold has gone up over 1300%

Year to the 31st - Gold Price (adjusted to 2006 dollars)
1910 - $421.84
1920 - $208.79
1930 - $249.04
1940 - $500.00
1950 - $335.42
1960 - $248.30
1970 - $195.83
1980 - $1567.73
1990 - $654.01
2000 - $318.68
2005 - $529.41
2008 - $790.40

Nothing about that says long term stability.
Keep gambling Steve. I'll play the safety 

[Ripsnort]

Well he mentioned the last 50 years.. here  I'll play along with you , using his time period.



In the last 50 years, inflation has gone up 755%.  Gold has gone up over 1300%   

And the average annual return on rare coins was more than 400% greater than the return on gold. WGAS.

[SteveBailey]

Nothing about that says long term stability.
Keep gambling Steve. I'll play the safety 

Yes,. actually, it screams long term stability.  Do you know anything about investing?
Investment is gambling... what's your point?  My return on gold the last 2 years is almost 80%.  I made a killing in the housing market.  Ask Nuke on this board, I split a deal with him.  You go ahead and play it safely, I'll make money.

[Xargos]

The value of gold remains the same, it's the dollar that changes because it's a figment of the Federal Reserves imagination.  The dollar has no foundation whatsoever, and in reality is worthless.  Woodrow Wilson stated he destroyed America when he signed the Federal Reserve into law.

[john9001]

The value of gold remains the same, it's the dollar that changes because it's a figment of the Federal Reserves imagination.  The dollar has no foundation whatsoever, and in reality is worthless.  Woodrow Wilson stated he destroyed America when he signed the Federal Reserve into law.

please send me all your "worthless" dollars, i will dispose of them at no cost to you.

[Xargos]

please send me all your "worthless" dollars, i will dispose of them at no cost to you.

Is that anything like when FDR made it a law that all Americans had to hand over their gold to the Federal Reserve or be imprisoned?

[Holden McGroin]

[quote author=Ripsnort link=topic=230099.msg2795168#msg2795168 date=1205783547

For the record<< 1 house payment, 1 vehicle payment and 0 debt on credit cards. (We use the Alaska Airlines credit card for just about all purchases, than pay the balance at the end of the month, thus earning air miles.)

[/quote]

For the record, I am a bad American. 

Home paid for; Mortgage = 0, shop I am building paid for, car paid for, credit cards paid off monthly.

Total debt = 0

Dow up 420 yesterday