Buffett Admits He Was 'Dead Wrong' On Housing [View article]
Since Obama took office, I've raised my annual pay by about 50k, refinanced my house at a much lower rate, and watched my portfolio sky-rocket. My life has certainly improved quite a bit since Bush left, and the nation is safer as we use our military more wisely (killing real terrorist like Bin Laden, rather than attacking nations like Iraq that had nothing to do with it).
And yes, I'd say my quality of life is better than John D Rockefeller, he had no data-plan, and I don't think his ride could hold a candle to the cars we get to drive these days.
The Most Bullish Sign For Gold: Falling Inflation [View article]
Once your coins pay a dividend, let us know. Otherwise, I will stay clear of gold, or any other investment that offers no return, and has zero chance to grow or produce income.
Making money on gold is only done one way: selling to the next sucker. In other words, gold is a ponzi scheme: nobody makes money unless more people pile in behind them.
Dividend stocks, on the other hand, produce income and have a chance to grow. They also handily beat gold in just about any 20 year period.
What Steve Jobs' Departure Means For Apple [View article]
In tech, anything can happen. The leader today is the follower of the future. Nobody can honestly claim to know who will have the hot phone two years from now.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
What's bearish for gold: it's price has risen FAR past inflation in the last decade.
In other words, if gold were REALLY worth $1,600/ounce, than a Toyota RAV4 is worth $100k, and a cup of Starbucks coffee would sell for $15.
But all those other things have no gone up in price much. So the dollar can buy just as much car or house as it did when gold was trading at $500. So it's not that the dollar has lost that much value, but it's that gold has become the mother of all bubbles.
Think about it: you have a shiny rock that produces no income, and has no practical use for most people. There are 1000s of things that a better investment than that.
And since gold has outpaced inflation so far, it has a LONG way to go down until it hits anything close to fair value.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
Libertarianism, in practice, just means more money from the hands of the working class to the mega rich.
Why? Without a framework in place to level the playing field, it's easy for a small percentage of the population to make life miserable for the rest. For that simple reason, libertarianism is just one of the "roads paved to hell with the best intentions".
Until just a couple decades ago, you had no chance to move up in our society unless you were rich, white, and Christian. So please, don't tell me you want to go back to those times. They WERE NOT better.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
In 1890, the majority of people still lived at subsistence level. And a much larger percentage of the population was needed to grow food.
If we did not have such amazing farming technology today, we would not have enough people to work all the jobs needed.
It makes you think, unemployment may just be a result of technology replacing humans in so many industries. So maybe, unemployment benefits are necessary just to make sure the people who are left out of the labor force (due to much fewer people being needed to feed us) can at least have a decent meal and a room and board, which is little to ask for compared to what the government gives out to corporations.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
Land can be very costly. Certainly not guaranteed to make a profit, especially with technology making food production incredibly cheap (making margins razor slim). So it's far from a safe investment.
Metals are worse, because they don't generate income (in fact, the chances of them generating income are ZERO), and they don't enjoy the affect of compounding like a dividend stock.
Chinese investments could be the worst of all, because the government ensures that almost all the profit goes to them, leaving very little for foreign investors (unless they get out of it just at the right time).
In the end, growing American dividend stocks are the place to be. They pay rent (dividends), have the ability to grow, enjoy the worlds best legal system and transparency, far better audited, and in general, you should always invest in your home country because you have some legal recourse if things go wrong. If you're African or Chinese investments go sour, there's nothing you can do.
And if you want to bet against American stocks, there are many instruments to do so. So investing abroad is really just a pointless risk, unless you're talking about larger-cap western-European companies like Royal Dutch Shell.
If you really think American stocks will go down, you can just sell call spreads or buy puts. Then you make money for sure.
But when investing abroad, and the American stock market sinks, the foreign investments tend to fall even more! So they offer no protection.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
Not really true. Japan has much more debt than we do, and they have been suffering from deflation for years.
The truth that Peter missed: more debt means more money has to be paid back in the long run. When money gets paid back, this sucks money out of the system.
Also, as the more debt there is, the more demand there is for dollars, as people NEED those dollars to cover their debt.
Another note: if taxes are raised to help solve the problem, this is even more money getting sucked from the system. This always creates extra demand for dollar come tax-time, as people need those dollars to avoid going to prison.
So while inflation could happen, it's far from the certainty that you paint. Japan is proof of that. And when you think things through a little further, things are as obvious as they seem.
Another note: the price of gold has FAR outpaced inflation. So even if we have inflation, gold may have a LONG way to go down before it hits fair value.
The company has no debt, tons of cash, and awesome earnings (in comparison to the share price).
They are not even close to bankruptcy, and will be profitable for many years to come, due to having most major corporations and government agencies around the world locked-in to their infrastructure for the long-term.
Buffett Admits He Was 'Dead Wrong' On Housing [View article]
Obama is a brilliant man, and so is Buffet. Great minds tend to recognize each other.
Buffett Admits He Was 'Dead Wrong' On Housing [View article]
And yes, I'd say my quality of life is better than John D Rockefeller, he had no data-plan, and I don't think his ride could hold a candle to the cars we get to drive these days.
Buffett Admits He Was 'Dead Wrong' On Housing [View article]
Lower taxes on the rich! Baa! They are the job creators! Baa!
I'm scared of gays! baa!
The Most Bullish Sign For Gold: Falling Inflation [View article]
Making money on gold is only done one way: selling to the next sucker. In other words, gold is a ponzi scheme: nobody makes money unless more people pile in behind them.
Dividend stocks, on the other hand, produce income and have a chance to grow. They also handily beat gold in just about any 20 year period.
What Steve Jobs' Departure Means For Apple [View article]
One Chart That Explains the Entire Financial Crisis [View article]
No thanks.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
There may be better places to live than America, but India will not be one of them anytime soon.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
In other words, if gold were REALLY worth $1,600/ounce, than a Toyota RAV4 is worth $100k, and a cup of Starbucks coffee would sell for $15.
But all those other things have no gone up in price much. So the dollar can buy just as much car or house as it did when gold was trading at $500. So it's not that the dollar has lost that much value, but it's that gold has become the mother of all bubbles.
Think about it: you have a shiny rock that produces no income, and has no practical use for most people. There are 1000s of things that a better investment than that.
And since gold has outpaced inflation so far, it has a LONG way to go down until it hits anything close to fair value.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
Why? Without a framework in place to level the playing field, it's easy for a small percentage of the population to make life miserable for the rest. For that simple reason, libertarianism is just one of the "roads paved to hell with the best intentions".
Until just a couple decades ago, you had no chance to move up in our society unless you were rich, white, and Christian. So please, don't tell me you want to go back to those times. They WERE NOT better.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
If we did not have such amazing farming technology today, we would not have enough people to work all the jobs needed.
It makes you think, unemployment may just be a result of technology replacing humans in so many industries. So maybe, unemployment benefits are necessary just to make sure the people who are left out of the labor force (due to much fewer people being needed to feed us) can at least have a decent meal and a room and board, which is little to ask for compared to what the government gives out to corporations.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
Metals are worse, because they don't generate income (in fact, the chances of them generating income are ZERO), and they don't enjoy the affect of compounding like a dividend stock.
Chinese investments could be the worst of all, because the government ensures that almost all the profit goes to them, leaving very little for foreign investors (unless they get out of it just at the right time).
In the end, growing American dividend stocks are the place to be. They pay rent (dividends), have the ability to grow, enjoy the worlds best legal system and transparency, far better audited, and in general, you should always invest in your home country because you have some legal recourse if things go wrong. If you're African or Chinese investments go sour, there's nothing you can do.
And if you want to bet against American stocks, there are many instruments to do so. So investing abroad is really just a pointless risk, unless you're talking about larger-cap western-European companies like Royal Dutch Shell.
If you really think American stocks will go down, you can just sell call spreads or buy puts. Then you make money for sure.
But when investing abroad, and the American stock market sinks, the foreign investments tend to fall even more! So they offer no protection.
Debt Ceiling Scenarios: How Each Outcome Could Affect the Price of Gold, Silver [View article]
The truth that Peter missed: more debt means more money has to be paid back in the long run. When money gets paid back, this sucks money out of the system.
Also, as the more debt there is, the more demand there is for dollars, as people NEED those dollars to cover their debt.
Another note: if taxes are raised to help solve the problem, this is even more money getting sucked from the system. This always creates extra demand for dollar come tax-time, as people need those dollars to avoid going to prison.
So while inflation could happen, it's far from the certainty that you paint. Japan is proof of that. And when you think things through a little further, things are as obvious as they seem.
Another note: the price of gold has FAR outpaced inflation. So even if we have inflation, gold may have a LONG way to go down before it hits fair value.
Apple Richer Than U.S. Government [View article]
Apple pretty has one too, but it might die when Steve Jobs leaves.
RIM's 7 Possible New Devices [View article]
They are not even close to bankruptcy, and will be profitable for many years to come, due to having most major corporations and government agencies around the world locked-in to their infrastructure for the long-term.
Think the U.S. Will Default or Be Downgraded? Consider This Controlled Silver 'Option' [View article]