[Pugchief]

Originally Posted by CoachKandSportsguy

So where might the 2024/25 bubble bursting indicators show up? Passive index investments correlations rising to very high levels, (one of the inherent risks in indexing) and the treasury having poorly received auctions as the dollar keeps falling. .

Another reason to maybe consider some gold in your portfolio...

[dewilson58]

Originally Posted by Pugchief

Another reason to maybe consider some gold in your portfolio...

Gold prices have no support behind them.
No earning, No assets, No earning capacity, No liquidation value.
Kinda smells like Bitcoin.

[CoachKandSportsguy]

Originally Posted by dewilson58

Gold prices have no support behind them.
No earning, No assets, No earning capacity, No liquidation value.
Kinda smells like Bitcoin.

although financially true, if I can make money with it as an orthogonal diversifier, I will use it. The demand / usage is mostly jewelry and industrial, but as jewelry, it represents physical money, and can be exchanged for money very easily.

Correlation is not causation, but one can make money with correlation without there being direct causation. .

[tophcfa]

Originally Posted by dewilson58

Gold prices have no support behind them.
No earning, No assets, No earning capacity, No liquidation value.
Kinda smells like Bitcoin.

Hmm, let’s address each gold characteristic mentioned.

While agreeing it has no earnings capacity as far as income (interest or dividends), it certainly has very real capital gains capacity.

It definitely doesn’t own assets like a business, but it is, in an of itself, an asset.

It definitely has liquidation value if owned in the right form, such as minted coins and bars. Gold certainly has a significantly wider bid/ask spread (about 5/8 of 1%) than traditional stocks and bonds, but it can easily be liquidated.

Gold is nothing like Bitcoin. It is a physical asset that can be held in your hand, it’s been around practically forever, and there is a longstanding and well established global market for it. Bitcoin is a digital entry, it’s new and unproven by historical standards, and requires the leap of faith that someone else will be willing to pay you something to have the digital ownership transferred to them.

But then again Dewi, you’re a smart guy and know all that. Perhaps with the hurricane passing by it’s too windy to go fishing, so doing some trolling instead?

[Pugchief]

Originally Posted by dewilson58

Gold prices have no support behind them.
No earning, No assets, No earning capacity, No liquidation value.
Kinda smells like Bitcoin.

Must be why the BRICS are developing a gold-backed currency to compete with the USD. Maybe they know something.....

[Pairadocs]

[QUOTE=tophcfa;2371777]That’s an easy one to answer. Our country, both government and most citizens, are up to their eyeballs in debt. Debt is like crack, and lower rates is like getting the needed crack fix at a much cheaper price. And just like with crack, too much debt never ends well. All the gobbledygook is just a smokescreen because nobody wants to address the real underlying problem.

All the news outlets are giddy about how the lower rates will help everyone in debt, but there is no mention about how it hurts senior citizens who need to earn a reasonable interest rate on their savings to supplement their social security and keep up with inflation.[/QUOTE

On target with every point... debt likened to crack addiction is spot on, and we've been on the crack for decades now...definitely not going to end well, and don't think any political party would ever make a serious effort ... almost too far down the line now with the years of artificial "fairy dust" the fed has spread for years. No long emphasizing history (especially world history) in public schools any more has greatly helped to provide a generation (actually two) who have no idea of what happens to countries who go down that path. You might add to your excellent comments: election time is drawing near, recession will not help either party. And if any candidate from either party talks straight talk of what it is going to take to stop this madness, the public will probably trample that person to death, no way would people accept what it would take....IMO.

[Pairadocs]

Originally Posted by tophcfa

Hmm, let’s address each gold characteristic mentioned.

While agreeing it has no earnings capacity as far as income (interest or dividends), it certainly has very real capital gains capacity.

It definitely doesn’t own assets like a business, but it is, in an of itself, an asset.

It definitely has liquidation value if owned in the right form, such as minted coins and bars. Gold certainly has a significantly wider bid/ask spread (about 5/8 of 1%) than traditional stocks and bonds, but it can easily be liquidated.

Gold is nothing like Bitcoin. It is a physical asset that can be held in your hand, it’s been around practically forever, and there is a longstanding and well established global market for it. Bitcoin is a digital entry, it’s new and unproven by historical standards, and requires the leap of faith that someone else will be willing to pay you something to have the digital ownership transferred to them.

But then again Dewi, you’re a smart guy and know all that. Perhaps with the hurricane passing by it’s too windy to go fishing, so doing some trolling instead?

Perhaps we could return to the tulip standard ?

[Pairadocs]

sp error

Originally Posted by dewilson58

Gold prices have no support behind them.
No earning, No assets, No earning capacity, No liquidation value.
Kinda smells like Bitcoin.

As I mentioned, tulip bulbs, tulip bulbs are the future, bitcoin's day has passed, tulip bulbs the future.... order your Beck's catalog now...LOL !

[Caymus]

Originally Posted by dewilson58

Gold prices have no support behind them.
No earning, No assets, No earning capacity, No liquidation value.
Kinda smells like Bitcoin.

But they have the support of Costco $200 Million/month in gold bar sales.

https://www.msn.com/en-us/money/mark...c8da89f8&ei=19

[dewilson58]

Originally Posted by Caymus

But they have the support of Costco $200 Million/month in gold bar sales.

https://www.msn.com/en-us/money/mark...c8da89f8&ei=19

Cool, but less than 1/100th of a %..........won't provide any support.

[Aces4]

As I mentioned, tulip bulbs, tulip bulbs are the future, bitcoin's day has passed, tulip bulbs the future.... order your Beck's catalog now...LOL !
Last edited by Pairadocs; 09-26-2024 at 10:09 PM. Quote


You wish!

[Aces4]

////

[Caymus]

Originally Posted by dewilson58

Cool, but less than 1/100th of a %..........won't provide any support.

...but wait till Costco finally opens Villages stores. Gold bar sales will be in the $ Billions each month.

[jimjamuser]

Originally Posted by MorTech

When you rob Peter to pay Paul using inflation, Paul doesn't complain...cuz Paul is a Cantillionaire.

Be the Cantillionaire...Not the fool.

I actually feel sorry for people who throw away their one and only life for $30 per hour. No wonder there is psychological derangement, childless families and drug addiction problems...how could there not be?

Childless families are caused by difficulties with young people buying houses. Today the houses are costly and the interest cost is high. In the time periods before 1975 houses were affordable. US population was lower and unions kept the wages of average people up. Outsourcing to foreign countries had NOT yet happened. The income tax rates favored the middle and not upper class back then. Drug addictions today depend on supply keeping the costs down. With MORE agents at the southern border the supply could be better controlled. The government seems reluctant to PAY for more Border agents.

[Normal]

Originally Posted by jimjamuser

Childless families are caused by difficulties with young people buying houses. Today the houses are costly and the interest cost is high. In the time periods before 1975 houses were affordable. US population was lower and unions kept the wages of average people up. Outsourcing to foreign countries had NOT yet happened. The income tax rates favored the middle and not upper class back then. Drug addictions today depend on supply keeping the costs down. With MORE agents at the southern border the supply could be better controlled. The government seems reluctant to PAY for more Border agents.

9% on a home loan was affordable?