Post #183,604
11/8/04 6:57:53 PM
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What is the dollar going to be falling against?
Investing in that other thing would seem to be a good idea...
Cheers, Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
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Post #183,607
11/8/04 7:11:34 PM
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Commodities and Assets
In 1980, silver was $50 an ounce. Gold was $900 an ounce. It had bottomed out after Y2K at about $4 an ounce, and has been steadily climbing, now just above $7 an ounce. Gold was down around $300 an ounce, but I think it's above $400 now.
If U.S. debt becomes "high risk", look for silver, gold, real estate, and other commodities to soar. Interest rates will soar, inflation will skyrocket as foriegn good will quickly become expensive.
We need to be paying down our federal debt, not running perennial deficits.
Glen
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Post #183,616
11/8/04 8:01:20 PM
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In 1980 the Hunt brothers were going for broke
They got there as well. :-)
That $50/ounce for silver in 1980 represents fools parting themselves from a lot of money. It does not represent any sort of intrinsic value for silver. Furthermore commodities tend to be rather volatile but not very good long-term investments. From 1979 to now silver went from $5/ounce to $7 or so. From 1979 to 2003 it would have to get to $13.48 just to keep up with inflation. As you'll note, it didn't do that.
Cheers, Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
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Post #183,626
11/8/04 8:41:21 PM
11/8/04 8:42:12 PM
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Sing it in the red states dude
You Xtians are an expensive, bankrupting, homewrecking, heartbreaking, mean-spirited, greedy, self-indulgent lot of assholes. So live with your profligacy while your irreal soul is rotting away in some self-created imagined hell of your non-existent sky-pie worthless chickenshit God. Let Him battle with the Infidel Islamists, the mad bombers and airplane crashing murderers you have so very much in common with.
-drl
Edited by deSitter
Nov. 8, 2004, 08:42:12 PM EST
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Post #183,646
11/8/04 9:54:56 PM
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Non-seq
What are you on about this time?
No republicans, women, christians or islamists....
whats that leave...
Soon I think you'll have pared that number down to...
Beeps guest list ;-)
If you push something hard enough, it will fall over. Fudd's First Law of Opposition
[link|mailto:bepatient@aol.com|BePatient]
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Post #183,702
11/9/04 4:23:15 AM
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Re: Non-seq
Yes, and that's in jeopardy. I'm rather disgusted with the entire lot.
-drl
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Post #183,689
11/9/04 1:48:32 AM
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Take yer meds.
Cool it, Ross.
Peter [link|http://www.debian.org|Shill For Hire] [link|http://www.kuro5hin.org|There is no K5 Cabal] [link|http://guildenstern.dyndns.org|Home]
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Post #183,630
11/8/04 8:57:39 PM
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get knowed up on gold
[link|http://www.goldensextant.com/LandisAMA.html|http://www.goldensex...om/LandisAMA.html] The only problem with the inflation hedge theory is that it doesn\ufffdt work. Throughout history, both at times when gold was tied to legal tender, and at times when it wasn\ufffdt, gold has been a poor hedge against inflation. Indeed, it has consistently lost purchasing power during periods of inflation, and gained it during periods of deflation. This was the impeccably supported conclusion of the late Roy Jastram, who, in a book entitled The Golden Constant,[7] rigorously analyzed the purchasing power of gold in England and the United States from 1560 to 1976. now the drier but best research Ive seen on gold read the links then pull the prices. Compare the prices to the commodity prices of food clothing housing etc then extrapolate to today. regards, daemon
that way too many Iraqis conceived of free society as little more than a mosh pit with grenades. ANDISHEH NOURAEE
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Post #183,609
11/8/04 7:24:06 PM
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Re: What is the dollar going to be falling against?
Look at the Euro was worth $.89 when it came out today $1.29 almost 50% increase in value or a big decline for US $
A
Play I Some Music w/ Papa Andy Saturday 8 PM - 11 PM ET All Night Rewind 11 PM - 5 PM Reggae, African and Caribbean Music [link|http://wxxe.org|Tune In]
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Post #183,613
11/8/04 7:47:47 PM
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Exactly where I was heading. :-)
Even better yet, don't buy a foreign currency, buy debt denominated in that currency. You're betting on the exchange rate shift, and you're going to be earning interest in case that doesn't work out.
Cheers, Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
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