Trace Mayer

Mac vs. PC vs. Gold

Gold is not fiat currency because it is always accepted as money and unlike fiat currencies it does not require immoral and unethical coercion against innocent people by governments through Legal Tender laws.

I really don't think there needs to be any type of Mad Max apocalyptic future. Perhaps apocalyptic for fiat currencies.

Gold cannot be in a bubble because it is commodity based. An ounce of gold is always worth an ounce of gold. It is fiat currencies that are in bubbles because their intrinsic value is nothing because they are not commodities but synthetic commodities. The FRN$ bubble Ponzi scheme is in search of a golden pin and its going to find one. As millennia of experience has dictated with countless fiat currencies in the fiat currency graveyard; the market is more powerful than governments.


On Dec 22 08:54 AM Johnnymack wrote:

> When you think about it, Gold is just a "fiat currency" too.
> Sure, it has a LONG history, but in some apocalyptic future, what
> will you be doing with that gold horde?

> Where does gold
> really enter into this? ok, instead of having a wealth of several
> pounds of gold, if we unwind the currency into gold (hey! that's
> creating a GOLD BUBBLE!) we all end up with a few grains of gold.
> So what?

Mac vs. PC vs. Gold

Very good points but considering opportunity costs being stocks trading with 1-3 P/Es that pay 5-20% yields and operate in other countries and currencies ....


On Dec 22 10:23 AM Roger Knights wrote:

> As Andy Zaky has pointed out, AAPL's P/E is a poor measure of its
> priciness, because it doesn't account for the fact that most of the
> profits from iPhone sales are counted as deferred revenue, in accordance
> with GAAP rules. Cash flow gives a better picture of the situation.
> In addition, Apple has no debt, $25 of cash per share in its piggybank
> (and growing fast), and a very attractive PEG figure.

Mac vs. PC vs. Gold

Well, whether the nominal share price will be $39; I do not know but the ratio is what I would consider important. It is similar to my 'buy' zone for the DOW being when it crosses with 1oz of gold. Whether that is DOW 850 or 40,000 I do not know.


On Dec 22 09:22 AM bluemarlin1402 wrote:

>
> Do you really believe that AAPL is going to hit $39 a share?? Thanks
> for going out on a limb and stating that AAPL is a buy at 39.