gooter

9 Cures for Gold Fever

investing is more about perception and less about real value. Real value cannot be determined in a macro sense, and therefore it's a fluid determination. The only thing that matters is the difference between what you buy it for and what you sell it for. Who cares what the return on gold(or any other investment) is while I hold it. I will see my real return upon selling. If I could buy mud and resale it for a profit, it would matter little to me if it is universally accepted as currency, politically acceptable, edible, sought after, etc., etc.. If I feel someone will PERCEIVE what I'm selling to be of more value to them, than what I purchased it at, then that's a good investment. If they pay less, my perception of its value was off. Gold could be cow dung for all I care. I own it because I believe someone will buy it from me for more than I paid. Period.

Financial Meltdown: Good Luck, Bad Luck, Who Knows?

Capitalism, by itself, bears out the true nature of a man. It can corrupt, motivate, teach, reward, and punish. When you learn to practice it beyond charts, cash flow, fundamentals etc., from a people perspective, you can enrich your life and the lives of others. Working for enrichment vs. money leads to a more fulfilling life.

Why I See Long-Term Deflation

i have a difficult time seeing how a population raised to spend will suddenly change their behavior. short-term, yes but long-term i cannot envision the US as a nation of savers. the dna in americans doesn't include frugality or long-term thinking. we will regroup, assume the govt. has got things going, and assume our historic method of operation. sad but true. inflation is inevitable with the freshly printed dollars wallpapering our nation and available for nothing.