The fall=fail of Government.

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    Jun 14, 2015 11:33 PM GMT
    Grexit???

    The fall is soon! Will other countries do the same. Escape the EURO and go back to the countries original Fiat-money?

    Messy!

    Fears of Greek Default Rise as Weekend Talks on Debt Payment Break Down

    http://www.nytimes.com/2015/06/15/business/international/fears-of-greek-default-rise-as-weekend-talks-on-debt-payment-break-down.html?_r=0
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    Jun 15, 2015 4:31 AM GMT
    Euro on the back foot as Greek debt talks falter


    http://www.reuters.com/article/2015/06/15/us-markets-forex-idUSKBN0OU13K20150615
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    Jun 15, 2015 4:39 AM GMT
    It's all Obama's fault! icon_razz.gif
  • Svnw688

    Posts: 3350

    Jun 15, 2015 5:30 AM GMT
    Yet another example of why GOP economic policies (austerity) are doomed to failure. You spend yourself out of a recession, you don't contract the government spending.

    Please study macroeconomics Republicans. Furthermore, the U.S. This minute should start spending and investing in major infrastructure (bridges, dams, highways). Let's get to work!
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    Jun 15, 2015 5:39 AM GMT
    "Fiat money" is an idiotic term. All money is created, even gold. You can assign a monetary exchange value to any commodity---carved stones, jewels, gold, even fish. The term "fiat money" is one of the bizarre notions of the Ron Paul-creepy-goldbug cult.
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    Jun 15, 2015 6:20 AM GMT
    Sharkspeare said"Fiat money" is an idiotic term.
    Really? I thought that was how these cars were made.
    fiat-500-photo.jpg
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    Jun 15, 2015 7:47 AM GMT
    Sharkspeare said"Fiat money" is an idiotic term. All money is created, even gold. You can assign a monetary exchange value to any commodity---carved stones, jewels, gold, even fish. The term "fiat money" is one of the bizarre notions of the Ron Paul-creepy-goldbug cult.


    Perhaps so. What do economist think of it?

    Gold didn't hurt me one single bit.icon_wink.gif
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    Jun 15, 2015 7:14 PM GMT
    World Stocks Slip as Greek Debt Talks Falter


    http://abcnews.go.com/Business/wireStory/world-stocks-slip-greek-debt-talks-falter-31773659
  • tj85016

    Posts: 4123

    Jun 16, 2015 1:04 AM GMT
    Sharkspeare said"Fiat money" is an idiotic term. All money is created, even gold. You can assign a monetary exchange value to any commodity---carved stones, jewels, gold, even fish. The term "fiat money" is one of the bizarre notions of the Ron Paul-creepy-goldbug cult.


    yeah I usually walk around with a few mackerel in my pocket in case I stumble upon a real bargain
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    Jun 16, 2015 3:23 AM GMT
    tj85016 said
    Sharkspeare said"Fiat money" is an idiotic term. All money is created, even gold. You can assign a monetary exchange value to any commodity---carved stones, jewels, gold, even fish. The term "fiat money" is one of the bizarre notions of the Ron Paul-creepy-goldbug cult.


    yeah I usually walk around with a few mackerel in my pocket in case I stumble upon a real bargain

    I keep smelt in the drawer expressly so I can make change.
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    Jun 16, 2015 3:41 AM GMT
    2bnaked said
    Sharkspeare said"Fiat money" is an idiotic term. All money is created, even gold. You can assign a monetary exchange value to any commodity---carved stones, jewels, gold, even fish. The term "fiat money" is one of the bizarre notions of the Ron Paul-creepy-goldbug cult.


    Perhaps so. What do economist think of it?

    Gold didn't hurt me one single bit.icon_wink.gif



    "Gold didn't hurt me one single bit."

    Hmmm, nice casually tossed-in little testimonial there.

    But my friend, you're not an investor, are you? Because relative to almost any other investment you could have made in the past 5 years, GOLD SUCKED.

    GLENN BECK IS NOT REALLY JESUS. But the fishes, including mackerel and smelt, would have been a better investment for you.
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    Jun 16, 2015 6:32 AM GMT
    FitnessWorker said
    2bnaked said
    Sharkspeare said"Fiat money" is an idiotic term. All money is created, even gold. You can assign a monetary exchange value to any commodity---carved stones, jewels, gold, even fish. The term "fiat money" is one of the bizarre notions of the Ron Paul-creepy-goldbug cult.


    Perhaps so. What do economist think of it?

    Gold didn't hurt me one single bit.icon_wink.gif



    "Gold didn't hurt me one single bit."

    Hmmm, nice casually tossed-in little testimonial there.

    But my friend, you're not an investor, are you? Because relative to almost any other investment you could have made in the past 5 years, GOLD SUCKED.

    GLENN BECK IS NOT REALLY JESUS. But the fishes, including mackerel and smelt, would have been a better investment for you.


    I am an investor.

    I purchased when it was 450 an oz. It wasn't just a few troy ounces either.

    Gold is not considered an investment, necessarily.

    It's considered a store of wealth (For me anyway) something I learned from my Grandfather.

    I did make banks anyway!!

    LOL So I am Jesus!

    OH SHUT THE FUCK UP!! hahha
  • Svnw688

    Posts: 3350

    Jun 16, 2015 6:37 AM GMT
    Does anyone actually invest in gold? What next, taking investment advice from Charles Schwab or ETrade?
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    Jun 16, 2015 6:45 AM GMT
    Svnw688 saidDoes anyone actually invest in gold? What next, taking investment advice from Charles Schwab or ETrade?


    Like I mentioned in my last comment. GOLD is more of a store of wealth vs. a true investment. I purchased physical GOLD and have it vaulted. I also own GOLD mine stocks and sold my Gold-ETFs.

    Physical Gold ownership is a classic old school thought that most brokers hate because they make little to nothing in commissions. Like that evil shark above!

    http://usagold.com/
    usagoldcoins.jpg
  • Svnw688

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    Jun 16, 2015 7:05 AM GMT
    Umm, I'm not Wall Street investor, but I have friends who are. And they laugh at gold as an investment. It's, literally, like saying Stella is a "nice" beer. Perhaps it's been marketed in the USA as that, but in Europe it's like Budweiser.

    I don't claim to be an expert, but I don't know anyone in the financial industry who recommends gold. Except Glenn Beck (assuming he counts as someone in the "industry").
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    Jun 16, 2015 7:10 AM GMT
    Svnw688 saidUmm, I'm not Wall Street investor, but I have friends who are. And they laugh at gold as an investment. It's, literally, like saying Stella is a "nice" beer. Perhaps it's been marketed in the USA as that, but in Europe it's like Budweiser.

    I don't claim to be an expert, but I don't know anyone in the financial industry who recommends gold. Except Glenn Beck (assuming he counts as someone in the "industry").


    It's true, they all laugh. Why? They make little if any commissions on physical gold sales.

    I purchased some pre-1933 vintage gold coins and they have all quadrupled in value. It's something you like or dislike. I like!!
  • Svnw688

    Posts: 3350

    Jun 16, 2015 7:14 AM GMT
    2bnaked said
    Svnw688 saidUmm, I'm not Wall Street investor, but I have friends who are. And they laugh at gold as an investment. It's, literally, like saying Stella is a "nice" beer. Perhaps it's been marketed in the USA as that, but in Europe it's like Budweiser.

    I don't claim to be an expert, but I don't know anyone in the financial industry who recommends gold. Except Glenn Beck (assuming he counts as someone in the "industry").


    It's true, they all laugh. Why? They make little if any commissions on physical gold sales.

    I purchased some pre-1933 vintage gold coins and they have all quadrupled in value. It's something you like or dislike. I like!!


    Gold or shit, I don't care what it is if I can get a 4x ROI icon_cool.gif

    I'll look into it. Doubt I commit, but you never know. I can eat crow to make $$$.
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    Jun 16, 2015 7:22 AM GMT
    Svnw688 said
    2bnaked said
    Svnw688 saidUmm, I'm not Wall Street investor, but I have friends who are. And they laugh at gold as an investment. It's, literally, like saying Stella is a "nice" beer. Perhaps it's been marketed in the USA as that, but in Europe it's like Budweiser.

    I don't claim to be an expert, but I don't know anyone in the financial industry who recommends gold. Except Glenn Beck (assuming he counts as someone in the "industry").


    It's true, they all laugh. Why? They make little if any commissions on physical gold sales.

    I purchased some pre-1933 vintage gold coins and they have all quadrupled in value. It's something you like or dislike. I like!!


    Gold or shit, I don't care what it is if I can get a 4x ROI icon_cool.gif

    I'll look into it. Doubt I commit, but you never know. I can eat crow to make $$$.


    Hey,
    If your genuinely interested check into this web site http://usagold.com/

    I have been following them for 10 years and I read the blog and commentary's that they write. It's an interesting view from the norm for sure. I am wiser because of it. I have lost nothing and only gained. Try them out and see what you think.
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    Jun 16, 2015 9:57 AM GMT
    Inflation-adjusted price of gold
    Jan 1980: $2057.24
    Aug 2011: $1901.65
    current: $1182.80

    Dow Jones Industrial Average
    Jan 1980: 2658.20
    Aug 2011: 12,101.30
    current: 17,898.24

    Gold isn't merely a bad investment, it's actually like throwing your money into the toilet and watching it swirl the bowl. In 35 years, it has DECLINED about 45% in actual dollar value.The stock market, which isn't even the best indicator, has gone up 460%.

    Really, it's time to stop listening to idiots.
    I am a former floor trader in options on the stock exchange in New York, not some bloviating asshole who makes money off the stupid and the gullible on television.
  • Svnw688

    Posts: 3350

    Jun 16, 2015 10:08 PM GMT
    ^^That's funny you say that. I texted my friend at Goldman Sachs (he's not my broker, but knows finance of all sorts well) and I was like "so is gold a decent option or not?"

    He responded back, "let me stop you right there. No." (because he could see the dots indicating I was typing a follow up text.

    I kept typing a few seconds and he wrote "No" again.

    I thought it was funny, but the point was taken. It's not even an option on the table. Though to 2bNaked's reference to antique coins, my speculative hunch is that such an investment might be different than gold bars. Kind of like a piece of art. I just periodically give money and it gets "aggressively" invested. I've been happy.

    (Though we're transitioning to a less aggressive/stock-based plan in anticipation of the 'correction' many people predict is on the near horizon (i.e., in the coming months).
  • Posted by a hidden member.
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    Jun 16, 2015 10:57 PM GMT
    Svnw688 said^^That's funny you say that. I texted my friend at Goldman Sachs (he's not my broker, but knows finance of all sorts well) and I was like "so is gold a decent option or not?"

    He responded back, "let me stop you right there. No." (because he could see the dots indicating I was typing a follow up text.

    I kept typing a few seconds and he wrote "No" again.

    I thought it was funny, but the point was taken. It's not even an option on the table. Though to 2bNaked's reference to antique coins, my speculative hunch is that such an investment might be different than gold bars. Kind of like a piece of art. I just periodically give money and it gets "aggressively" invested. I've been happy.

    (Though we're transitioning to a less aggressive/stock-based plan in anticipation of the 'correction' many people predict is on the near horizon (i.e., in the coming months).



    Everyone has an opinion. Mr. Shark of course has his and without slinging insults like he does, I will simply say this.

    Remember the last huge recession (many still recovering) when the stock market fell horrendously and the value of 401K plans plummeted if not completely wiped out.

    Remember how Lehman Brothers Failed and even Berkshire said the economy fell off a cliff. The government pumped trillions to stem off financial collapse!!
    Bush, gave hundreds of dollars to family's upon his departure and it was all a huge disaster!!
    Many lost everything!! Banks foreclosed & failed, jobs lost etc. and it was at this time I sold some GOLD. I made bank! I lost nothing!!!

    Say what you want....hunch or educated guess but I won. Many lost. It will take them years to recover the losses of their land, homes and other assets. Markets crash and gold falls, however.......

    I am active in the market and I like to think having a diverse portfolio is a good things. Some perform extremely well and others not so well. I am glad I sold my energy stocks just before the glut!! LOL
    I say read up, know the institutions you transact with, be diverse and BE PREPARED!!!
    It will fall again!! That we know right Mr. Shark?

    Mr. Svnw688 Physical GOLD ownership is not an easy play. You can make money in gold mine stocks and ETF's, yet they can be risky. Unless your good with this commodity knowledge it might be best to follow your Brokers advise. I have been good with it over the last 15 years in part because of some things I was taught . I will spare you the annoying graphs and data, but when you want safety and asset preservation many choose GOLD in uncertain times.

    At stake in a financial meltdown: $26 trillion?
    http://www.msn.com/en-us/money/markets/at-stake-in-a-financial-meltdown-dollar26-trillion/ar-BBlepc0
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    Jun 17, 2015 9:31 PM GMT
    Oh, no change?? Not really good!! Gold likes it when the FED keeps it AS IS!

    Fed leaves interest rates unchanged -- for now



    http://www.msn.com/en-us/money/markets/fed-leaves-interest-rates-unchanged-for-now/ar-AAbIHgr
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    Jun 18, 2015 11:33 PM GMT
    Greece's Varoufakis says euro zone dangerously close to 'accident'


    http://in.reuters.com/article/2015/06/18/us-eurozone-greece-varoufakis-idINKBN0OY2OO20150618

    Seems like they take all they can from their OWN Government and banks and then they want the rest of the world to pull them out?

    NO! FALL Just like the Romans, Greeks & Egyptians of long ago
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    Jun 21, 2015 5:05 AM GMT
    The Greek Crisis Reveals The EU's Democratic Deficit

    http://www.forbes.com/sites/francescoppola/2015/06/20/the-greek-crisis-reveals-the-eus-democratic-deficit/
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    Jun 24, 2015 6:34 PM GMT
    Dow drops 150 points amid Greece concerns

    http://www.msn.com/en-us/money/markets/dow-drops-150-points-amid-greece-concerns/ar-AAc2lOy