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User 9967631

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  • The World Cup Runneth Over With Blood - Make Your Cup Golden [View article]
    Mr. Woong,

    I always enjoy your comments and insights. Thank you.
    Jun 22 08:39 PM | Likes Like |Link to Comment
  • The World Cup Runneth Over With Blood - Make Your Cup Golden [View article]
    Mr. Kaminis,

    I feel like you're trying to make the point that gold serves as a safe haven when the world is in turmoil. I agree with this assertion whole heartedly. Believe me, I do. Gold is an excellent safe haven when there is fear in the streets. However, I think your questions are a little off target.

    For instance, for your first inquiry of "... default currency?" Sure, why not? Although if society really went to the gutter, then I feel like the use of force would be a stronger /currency/ than gold. As in, give me all your possessions (and gold) or your days are over, type of thing. It would be anarchy after all.

    If not dollars or other, then what? Okay, so all of the fiat currencies are suddenly worthless, right? Wow, that would really suck. I expect a formidable amount of force and maybe gold would be useful in such a scenario. However, I doubt owning shares of GLD would be beneficial. I know GLD is backed by reserves, but when society falls are rightful owners actually going to go to New York and to claim their gold? Assuming the depot hasn't already been pillaged or taken over by some warlord, whoever is there would surely fight you for it. I expect the best possible outcome for the rightful owners/claimants in such a lawless land would be to be turned away without violence.

    If the dollar and euro drop in value, then who you gonna call? I mean buy, of course. Gold and probably the VIX as well.

    Look, I apologize if I come off as a smart *ss. I agree with your assertion that gold is a safe haven, but then I get lost with the hardcore gold bugs and their rhetoric past this point. Once there is talk of our great societies falling or the currencies suddenly being worthless, then the conversation is completely lost on me. In such an event, I feel like guns, ammo, water, and food would be better investments for a end-of-the-world doomsday scenario. I don't know, maybe I'm being impractical or something. I do that from time to time.

    I expect a few gold bugs have already begun typing a novel and solid history lessons about various civilizations that have fallen and it's a good thing some of those people owned gold. Yeah, that happens through the centuries. So I'll ask right now, please stop posting the ludicrus comments and novels. I stop reading them when I see crazy, and then I don't bother responding.

    It's probably strange how I went on that last tangent there. Well, I think some of the gold bug comments that I read on this site are strange. So fair enough. Why don't I give an example of what kinds of things I'm referring to. I will do this with some verbiage and subtitles included in parenthesis to return the relevance to the conversation...

    So! What if I told everyone that the sun was burning up to extreme levels of heat, and that it would surely implode within our lifetimes (society is going to crumble before we die). Our great star is getting so hot, that it's actually violet now and no longer red anymore (inflation is getting out of control and is a real threat to us). The only reason we can't see or feel the extra heat is because of our ozone layer, which blocks out the extra heat FOR NOW. Also, the oceans’ reflections on our ozone gives us our blue skies and prevents us from seeing the alarmingly scary violet color of the sun (never mind the fact that significant/out of control inflation hasn't hit our economy, the M2 money supply is sweltering, like a quadrillion dollars due to the nonstop QE over the years). Only advanced telescopes with special lenses can actually see this phenomenon (let me refer you to my favorite gold bug author, who is an "expert" on this subject, as he does NOT sell fear and books needlessly. he is legit. there are only a few experts of this caliber in the world). Before the sun's hydrogen fuel burns itself out, there will be a few final heat waves of scorching magnitude that will fry the Earth. At this point, you're all gonna feel sooooo dumb for not having prepared for this event, by protecting yourself with copious amounts of sunscreen (gold will be our savior and the new currency when society falls). Accordingly, you and everyone else are gonna need sunscreen real bad and I’ll trade with ya, buddy (everyone will organize seamlessly and cordially barter gold for goods and services when society ends). Due to my numerous bathtubs that are full of sunscreen, it will be easy sailing from there (my vast storage containers of gold means that I’ll be a king in the N.W.O.). Unfortunately, the burning hydrogen has run out, which means that the outward pressure that was previously supplied by the burning gases will no longer be present. In addition, the gravitational forces of the sun’s extremely heavy and solid core, will cause the star to implode (queue Madden’s “uh-oh!” voiceover, as one can't predict an uncertain future. especially when so many complex variables exist). After the sun implodes, a black hole will be born and will consume the Earth in a single gulp (didn’t see that coming, much like how the armed forces, who have all of the most powerful weapons will be the new kings of your land, and may or may not care about your rights to your personal property. That includes your beloved gold).

    What has my illustration done for us? Probably not much unfortunately, because most gold bugs treat the stuff like it’s a religion. Very strange.

    Nonetheless, I pray that my example will hopefully put a stop to the end-of-the-world what-if’s where gold is the final answer to all of our problems. I wish! Please note that I’m not defending QE or putting down gold, for that matter. It’s the end of the world discussions that I have grown tired of.

    Finally, I haven’t had a science class for some time now, so I may be a little rusty on how the universe works. Of course, let me if you found any errors in my narrative. Although, please be sure to post your comment in the angriest tone possible so that you can display your own ignorance in all of its glory.

    Kind regards,
    This guy.

    P.S., That certainly turned out to be a tangent. Thanks for reading.
    Jun 22 08:05 PM | 1 Like Like |Link to Comment
  • Every Stock Gets A Participation Trophy In The ETF World [View article]
    I certainly understand what you're saying and I agree in many respects.

    However, I do have another counter for you... When the indices weight the different stocks based on their market capitalization, then they are being selective in how the cash in and outflows are allocated to the basket of companies (from the example above, so not every stock gets the 2%). This makes sense.

    I suppose the concern then, is that with additional ETF usage, there will be less stock pickers in the market (whether retail, institutional, etc) who can perform okay fundamental analyses. Therefore, the remaining expert stock pickers' opinions on solid companies will become more valuable, as there are fewer overall opinions because all of the amateurs are in index ETFs...

    Is this really a bad thing? I mean, barring the extreme scenarios, with less amateurs in the market causing noise the experts should be able to correctly create the indices' ideal allocations appropriately (even though it is through an indirect basis). Otherwise, we will have our retail amateurs investing or trading good and bad companies, which would create the noise and cause the ETFs to invest in terrible companies from time to time, no matter where the tide is.
    Jun 1 02:42 PM | Likes Like |Link to Comment
  • Every Stock Gets A Participation Trophy In The ETF World [View article]
    Wouldn't the weighted ETFs offset this rising tide of canoes?

    I mean, I don't follow very many ETFs (primarily just GDX), but whithin this gold mining index are weightings for the different companies. So, if there are some 50 companies, not all of them get a fair 2% split of the in and outflows.

    I suppose I'm making the assumption that this is a standard practice within the ETF universe, and that is applicable to all indices and their corresponding index ETFs.
    May 29 11:19 PM | Likes Like |Link to Comment
  • Why Yellen Is Great For Gold [View article]
    Hey Coin,

    I didn't look at your support because it's not really necessary to do so. I say this because Costco still charges me about the same for the goods that I routinely buy, so your pretty graphs and other data is irrelevant for this conversation.

    Also, you appear to be upset. I didn't know you would take what I said to heart. Therefore, I apologize if I hurt your feelings. I hope we're all good now...
    Feb 23 09:00 PM | Likes Like |Link to Comment
  • Why Gold Stocks Will Outshine Gold [View article]
    Yeah, society is on the brink of the edge. Heard that tired argument a million times before. And I know this time its different, but really it's different every time.
    Feb 22 08:16 AM | Likes Like |Link to Comment
  • Why Yellen Is Great For Gold [View article]
    CoinsK, you strike me as being an idiot.

    Please attempt to add to your conversations. People will probably like you more than they already do... Imagine that!
    Feb 22 08:16 AM | Likes Like |Link to Comment
  • Why Yellen Is Great For Gold [View article]
    Kgroeppe,

    I essentially buy the same goods year in and year out, as I can be a creature of habit... The prices haven't become outrageous. Nor has their quality diminished. I haven't noticed a decrease in quantity either.

    If you're going to make such a tremendously strong argument for extreme levels of inflation (e.g., people are about lose faith in the dollar and the economy will surely collapse), then you should try to provide more accurate and relevant /facts/ to support your argument. Otherwise people won't support your ideas... Best of luck out there.
    Feb 16 11:49 AM | Likes Like |Link to Comment
  • What Happened To The Part-Time Employment Issue? [View article]
    Alex,

    Did you read the article? It cited a Yale study. That's something...
    Oct 29 09:17 AM | Likes Like |Link to Comment
  • Traders befuddled by short, sharp movements in gold prices [View news story]
    The agreement which ended the shutdown caused gold to spike, is that a fair takeaway? The gold spike would have occurred in the early morning after the agreement...
    Oct 18 11:03 AM | Likes Like |Link to Comment
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