tag:blogger.com,1999:blog-7982981413278241287.post6671805786401317005..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Some Quick ObservationsDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7982981413278241287.post-59336562730055929172011-05-21T18:04:38.191-06:002011-05-21T18:04:38.191-06:00"What do you think is going to happen when pu..."What do you think is going to happen when public workers start complaining about their pensions being used to fund our Government?"<br /><br />We'll respond with it's not OUR government - nor OUR jobs being funded.<br /><br />Of course, we all know who's going to win that debate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-50688652825154929832011-05-21T03:20:36.031-06:002011-05-21T03:20:36.031-06:00Every county have their own words and their own me...Every county have their own words and their own meanings. That public service is a worthy pursuit and that lawyers have a professional obligation to participate in public service throughout the courseLiz Bullokhttp://www.freecreditreportsinstantly.org/noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-26210362820658249982011-05-19T11:10:44.359-06:002011-05-19T11:10:44.359-06:00Eventually the mining stocks will respond. Look at...Eventually the mining stocks will respond. Look at what happened in 1929. Miners got hammered with the stock market then spent the next 5 years hitting new highs.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-24016914399203062922011-05-19T09:26:33.572-06:002011-05-19T09:26:33.572-06:00The economic indicators are getting worse and Gold...The economic indicators are getting worse and Gold as an asset is fairing the worst. Please, Please can someone explain that to me.<br /><br />I am beginning to think that we need a main market bull phase like we had from 2003 to 2007 for gold miners even to perform.<br /><br />Has anybody got some evidence of uncoupling in the past.<br /><br />This is nuts and frustrating. One can't even use ETF's to short as the indices just move up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-52053501053392398282011-05-18T21:24:29.200-06:002011-05-18T21:24:29.200-06:00My roommate in b-school, who was from England and ...My roommate in b-school, who was from England and from a wealthy family used the term perjoratively to refer to blue collar types in general.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-14649938078442659512011-05-18T20:00:06.353-06:002011-05-18T20:00:06.353-06:00'Chippie' in England means a carpenter, no...'Chippie' in England means a carpenter, not a blue collar worker.Calumhttps://www.blogger.com/profile/12601100998953479840noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-83561617719408344202011-05-18T19:07:32.824-06:002011-05-18T19:07:32.824-06:00Permit me to disagree, as I borrowed some money fr...Permit me to disagree, as I borrowed some money from my 401k. Blew it all on gold and silver. Sold my last batch trading silver at around $49, and took out all the dollars I had in it. Left the rest on the table to ride.<br /><br />I borrowed the money at 4.25%, which is somewhat better than the Money Market was paying me. Did we ever consider I took the loan in the same manner as a bank. My loan was backed by gold and silver as collateral. I'm making a mini-pile off this loan, compared to the standard investment selections available in the account.<br /><br />Evidently, they presume we are all investing incompetents who are unable to trade when it is appropriate to do so, and to invest for the long term when the prices are statistically low.<br /><br />A long-only format, without the loan facility means we have to eschew historic opportunities like the recent silver mini-moonshot. My sell points were 3x - 4x my money. It went higher before I could get it sold.<br /><br />The proceeds? I pay down my 5.875% mortgage with my 4.25% borrowings. Now I have insurance via the metals that I retain, which costs me utterly nothing, a lower mortgage, and a decent return on my 401k cash for a change.<br /><br />Top that, and I'll change my mind.<br /><br />To be fair, the metals were (and are) a once-in-a-lifetime opportunity. I was not expecting our 1st quarter performance, but I was quite satisfied that the loan was money-good. That's rare -- so rare, I used my retirement money to take advantage of it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-56576895813539176202011-05-18T17:25:01.221-06:002011-05-18T17:25:01.221-06:00gold, silver platinum, lead and food in foilgold, silver platinum, lead and food in foilArmageddon Halnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70783756653411372782011-05-18T17:16:46.656-06:002011-05-18T17:16:46.656-06:00I own my home, lock, stock and barrel, if one excl...I own my home, lock, stock and barrel, if one excludes the tribute I am forced to pay to my overlord betters in the form of property taxes. You see, if you don't pay the overlords protection money every year, they will STEAL my home, legally, all in the name of freedom.Conwayhttps://www.blogger.com/profile/11066767342077807833noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-33374075969673195052011-05-18T17:12:25.154-06:002011-05-18T17:12:25.154-06:00BTW, a bank account full of electronic dollars is ...BTW, a bank account full of electronic dollars is douloureuxDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-89708260084776090192011-05-18T17:07:01.344-06:002011-05-18T17:07:01.344-06:00ROFLMAO. Was chatting with a silverbug today who&...ROFLMAO. Was chatting with a silverbug today who's motto is: "you need 4 metals: gold, silver, platinum and lead"Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18494765948938216902011-05-18T16:43:13.339-06:002011-05-18T16:43:13.339-06:00I thought that was 'forwarned is forearmed....I thought that was 'forwarned is forearmed.'<br /><br />lolJessehttps://www.blogger.com/profile/10098169118867085623noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-343242324414507922011-05-18T16:02:20.766-06:002011-05-18T16:02:20.766-06:00Sam, I have no sympathy either. But now we are ba...Sam, I have no sympathy either. But now we are bailing the banks out of those loans and a lot of people made a lot of money off of those loans, the losses of which are being socialized by you and me.<br /><br />RE: 401k's. It's not for you or me or Congress to tell anyone what they can do or can't do with their 401k/IRA money. Yes it is restricting your ability to borrow. But that will lead to greater restrictions down the road. What people do with THEIR own friggin' money is their business and it's not for anyone else to tell them how to save or spend it, especially not the Government.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-84383328948181896752011-05-18T15:26:04.587-06:002011-05-18T15:26:04.587-06:00Thanks, Dave.Thanks, Dave.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-60993180686115678462011-05-18T15:18:30.246-06:002011-05-18T15:18:30.246-06:00Hey Dave:
the Bloomberg article really discusses ...Hey Dave:<br /><br />the Bloomberg article really discusses borrowing from your retirement account. While restricting that may be the beginning of the slippery slope, I kind of agree philosophically that borrowing during working years should be discouraged, even though its ones own money. <br /><br />Otherwise, knowing how foolish most are with money it gets permanently spent.<br /><br />Then, knowing how foolish Congress is I don't put anything past them, whether intentional or not.Halnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-34327802902735503282011-05-18T15:03:38.853-06:002011-05-18T15:03:38.853-06:00"...homes they bought 20 years ago for $200k ..."...homes they bought 20 years ago for $200k that have $700k mortgages and are worth maybe $400k. ... Greenspan essentially became the lending-equivalent of a heroin dealer to the majority of the middle class in this country."<br />Dave,<br />I have no sympathy for these folks. No one twisted their arms and forced them to use their homes as ATM's. If a guy walked up to you on the street and offered you heroin, would you take it? I certainly wouldn't. My house is paid off because I used common sense and refused Greenspan's ATM drug. People need to start taking responsibility for their lives and quit blaming everyone else for their problems.<br /><br />Also, if they are underwater on their mortgage, how can they afford to be investing in precious metals? Why aren't they paying off their mortgage instead?Sam....https://www.blogger.com/profile/06484121635105358100noreply@blogger.com