Brians356
Gold $$ Contributor
Physiology. My body mass indicates I can absorb a lot more alcohol than any 12-year-old.
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Vista Outdoor and the Primer Market
- Thread starter skeeljc
- Start date
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hoz53
Gold $$ Contributor
sounds good- somebodies gotta keep those casinos in business-
Brians356
Gold $$ Contributor
Gamblers keep them in business.
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farmerjohn
Gold $$ Contributor
Kinda like the stock market...... John
Brians356
Gold $$ Contributor
Would it be "gambling" to keep all your money in an FDIC-insured bank savings account?
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Dusty Stevens
Shiner
And get what, <1%? Thats a real “sucker bet”
farmerjohn
Gold $$ Contributor
I personally think it is, the only thing that has kept it's value in my life time is precious metals and land. When I was a kid gas was 20 cents, two silver dimes will still buy a gallon.... John
Brians356
Gold $$ Contributor
Fair enough. But I didn't (and wouldn't) suggest anyone do that, it was a question for farmerjohn.
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Brians356
Gold $$ Contributor
Precious metals, hey? Here's 100 years of gold prices adjusted for inflation ("real dollars"). "Kept its value" means that over any period of time, you will have at least broken even. Suppose you bought gold during the Great Depression and lived until 1970. How'd that work out? Or bought in 1975 and lived until 2000.
Next we'll look at land as your sole investment.
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Another (Better) way to look at it.
Chart of the Day: Gas Prices vs. Real Wage over Time
I’ve been throwing up a lot of gas price charts over the past few weeks, because the oil markets are a bit whacko right now. Anyway, here’s another. There are lots of ways to look at ga…
streets.mn
I can honestly say that if all I ever invested in was precious metals (the big three) and land I’d be a lot poorer than I am.
Brians356
Gold $$ Contributor
Not looking (yet) at land, but gold doesn't really even keep up with inflation (expressed as the Consumer Price Index).Another (Better) way to look at it.
Chart of the Day: Gas Prices vs. Real Wage over Time
I’ve been throwing up a lot of gas price charts over the past few weeks, because the oil markets are a bit whacko right now. Anyway, here’s another. There are lots of ways to look at ga…
I can honestly say that if all I ever invested in was precious metals (the big three) and land I’d be a lot poorer than I am.
Here's Gold vs CPI vs S&P 500 stock index (1980 up to 7 years ago):
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Dusty Stevens
Shiner
Anybody a fan of dave ramsey?
www.daveramsey.com
Why Investing in Precious Metals Is a Bad Idea
When it comes to investing, are gold, silver or platinum the way to go? Not even a little bit. Investing in precious metals is a bad idea, and here’s why.
www.daveramsey.com
Brians356
Gold $$ Contributor
joshb
Gold $$ Contributor
There is a time when that IS the best place to be. Let’s say you have most of your money in the Market . It’s more money than you could possibly spend in two lifetimes. You don’t need any more. But, a Market crash would wipe you out. A crash that nobody thought would ever, never happen. Think about The Great Depression. Are we so sure that won’t happen again? Spreading out your money in FDIC insured accounts would protect you.
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This is an interview with Charlie Munger over 8 years ago. Pay careful attention to the ticker for the various index averages. Gold appears to have been trading at $1643. It closed today at $1855. I’ve never owned gold except for the ring on my finger.
farmerjohn
Gold $$ Contributor
You guys remind me of my deer camp guys, there's 5 of us. Been together since the 50's, a doctor, a lawyer, a realtor, and a banker. All are way past millionaires and all of them did it on their own and all of them have made a lot of money in the stock market, and they all have tried to get me to invest in this or that but I stayed with what I knew something about. I knew that I couldn't pick out a stock that was going up but I did know about land and cattle so that's where I stayed. They've all done well with the market but I never believed that I knew enough about it to try it.... John
joshb
Gold $$ Contributor
As my father would say: “You done good!” Stay with it. I’ve made a move towards owning more land. It’s not a bad place to be.
It is that, but sadly that’s the only place that I feel that it is safe, other than putting back in my own business. But now it seems like a crapshoot that CD’s are really safe.
Bank issued CD’s are fine. even if the issuing bank folds, deposits are usually transferred to new bank before you realize what’s going on. High yield money markets have a bit more risk, but I can only recall them breaking the buck once in the past 25 years.
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Yes, I’m glad you mentioned the money market. I’ll brag on Trump, we had a small money market account and it increased 1 1/2 times in value during his time in office.
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