And if the gold bugs want to eat, they'll have to give me their gold first...
If it comes to that I have a feeling it won't be yellow metal you'll be given, but something more along the lines of gray lead...
And if the gold bugs want to eat, they'll have to give me their gold first...
If it comes to that I have a feeling it won't be yellow metal you'll be given, but something more along the lines of gray lead...
Are you saying that gold bugs are thugs? Besides, why would you think I would hesitate to use lethal force on an armed trespasser? Bullets can fly both ways, you know...
To me, the biggest threat that I can see that I am not investing for is a major terrorist attack... with a full nuke in the middle of NY or Washington... that would really cause a lot of problems for our country... and I suspect the market would crash big time... who knows how long it would take to get things fixed...
Gold bugs are not thugs... starving people are, and in the event gold becomes real world "currency" there will be a lot more people with lead than gold looking to eat.
I guess my real point is that IF it gets to that point (and I don't think it will at all, not even close) where society has broken down, unless you have a private army, you are kidding yourself if you think you can survive on your own on a few acres. You will be overrun...
if the gold bugs want to eat, they'll have to give me their gold first
What I am talking about is surviving in economic conditions spanning from the Weimar Republic to the Great Depression. As I said before, I don't think the end of the world is coming.
If you like farming, knock yourself out. It is a great way to spend a life. I just don't think, and I err very much on the cautious side of life, that even in a Great Depression type scenario, my carefully invested $s won’t buy me food and shelter. Therefore, buying farmland does not makes a whole lot of sense unless you want to work it. (This is not to say high quality farmland isn't a very good investment, it most likely is, but it isn’t an area I know anything about as an investor.)
As to Weimar Republic, it is not relevant to the US at all. The Weimar Republic mess was self inflicted by the Germans, having lost WWI and then being subject to war reparations. There is no scenario in our lifetime horizon where I can see this being at all possible.
Actually I exited too soon but I had the conviction to stay out of real estate.Congratulations on your successful effort to time the market and know when to exit.
I think it will be fairly obvious. I would not want to take the responsibility for anyone else's decisions.Please let us know when it is safe to go back into the water.
If you chose to disbelieve me, you would just say I graft a photo of an actor to a background picture.The Newfies I've known are nice folks. You did know that Newfoundland is an island, didn't you? There are ferries. Go during the summer when it is more accessible.
How will we know you really got there and didn't just download photos off the internet? You would have to include yourself in a photo but then we would never recognize you anyway.
Having no fertile farmland but less than 2 acres of hilly and rocky land that even the evergreen trees have a tough time growing, I will have to find a way to armor my RV and to use it to roam the countryside looking to [-]rob[/-] scavenge for food.A few acres of fertile farm land and the knowledge to work that land will go a long way to sustain my family no matter what the economy looks like. And if the gold bugs want to eat, they'll have to give me their gold first...
Ah? I thought people were worried about high inflation... If we do end up having high inflation, will the cause of it be relevant to your survival?
But there is no need to work yourself up. You can invest your money however you want. I don't care either way.
Oh gee! I have been out in the yard working, and just come back inside to see the Dow dropping near 10,000 and people are talking doomsday again. Reminiscent of the 2007-2008 period, isn't it?
As to inflation there is concern at some point down the road, but that risk can be dealt with in many ways from a portfolio perspective. IMHO, at this point deflation is the bigger worry. Hyper-inflation (a la Weimar) is not a factor at all in my thinking.
You, you, short seller you... Because you and who knows who else doing that, it makes the market go down more.
the advent of the double-long and double-short ETFs may exarcebate the market movements.
I am still more than 70% in equities. We are on the opposite side of the trade, but I won't call you names I just like to joke around. I pays my money and takes my chances. And I lost today.I triple short with SPXU...Time to take some profits, but I'm still short and in cash.
Glad I made a stop by the [-]beer[/-] med store on the way home today. Damn stock market going to hell again. Thank God I bought some VXX a few days ago.
You, you, short seller you... Because you and who knows who else doing that, it makes the market go down more.
Careful all you [-]gamblers[/-] [-]speculators[/-] investors - history has a habit of repeating itself...
My cat Eddie has somethin' for ya Dawg
But one of these days, revenge will be sweet.
I will admit that you are a better trader than I am. But what is this revenge "some day"? I want it tomorrow, or next week! I don't have much time left, you hear?