John Adams Posted June 7, 2010 Posted June 7, 2010 Don't worry - he threw in enough digs in his apology in order to not be accused of going soft! Apology accepted, JA. Peace. Yeah, it's a message board peace, which is a like a quiet day on the Gaza Strip.
bbb Posted June 7, 2010 Posted June 7, 2010 It's not that nice. I still think he's the unibomber and borderline stalker...and have his PMs blocked. That's what I just said. I might just be the unibomber - but I have as many PMs from you as you from me! Actually one less, since you blocked me!..........Perhaps the unibomber wasn't uni after all!
bbb Posted June 7, 2010 Posted June 7, 2010 Yeah, it's a message board peace, which is a like a quiet day on the Gaza Strip. LOL - now, I've got two quotes from you that I'll use on other message boards. This one and the unibomber type rants.
John Adams Posted June 7, 2010 Posted June 7, 2010 LOL - now, I've got two quotes from you that I'll use on other message boards. This one and the unibomber type rants. We have a rule over here about diverting threads. Now am-scray or stay on topic.
Pine Barrens Mafia Posted June 7, 2010 Posted June 7, 2010 We have a rule over here about diverting threads. Now am-scray or stay on topic.
bbb Posted June 7, 2010 Posted June 7, 2010 We have a rule over here about diverting threads. Now am-scray or stay on topic. Man, you have a lot of rules!...........OK - have a good 2nd half of the year!
GG Posted June 7, 2010 Posted June 7, 2010 Forget about being a "true reserve currency", thats not the case that I am making, it's about paper vs hard assets. When paper goes down, hard assets become more attractive. Since gold is a hard asset currency, it's value is enhanced as paper currencies become debased. It really isn't that difficult. Well, at least I'm glad that I least I get it, as do my clients, and for that, we are being rewarded. But the gold bugs' insistence that gold should be the reserve currency and general paranoia is what drives up the prices of the metals. Of course, nothing wrong in making money off stupidity of others. Barnum was always right.
John Adams Posted June 7, 2010 Posted June 7, 2010 But the gold bugs' insistence that gold should be the reserve currency and general paranoia is what drives up the prices of the metals. Of course, nothing wrong in making money off stupidity of others. Barnum was always right. This summarizes my view perfectly. I own one of the gold funds because it's making money...not because it makes sense. And explain to me why gold goes up up up lately while other metals don't.
Pine Barrens Mafia Posted June 7, 2010 Posted June 7, 2010 That goes double for you! You kidding? you're like the Mohammad Atta of thead hijackers. Your work in the Canada Banking thread was epic in scope!
Magox Posted June 7, 2010 Author Posted June 7, 2010 But the gold bugs' insistence that gold should be the reserve currency and general paranoia is what drives up the prices of the metals. Of course, nothing wrong in making money off stupidity of others. Barnum was always right. Who care's about the gold bugs? They own gold because they believe they are going to need it one day to use it as barter. I buy it because it makes sense, and I'm getting rewarded for it. But hey, I'm sure your investments are doing just fine.
John Adams Posted June 7, 2010 Posted June 7, 2010 You kidding? you're like the Mohammad Atta of thead hijackers. Your work in the Canada Banking thread was epic in scope! We can have a good laugh about it now that bbb is gone.
Magox Posted June 7, 2010 Author Posted June 7, 2010 This summarizes my view perfectly. I own one of the gold funds because it's making money...not because it makes sense. And explain to me why gold goes up up up lately while other metals don't. So you invest in things that don't make sense to you? Now THAT doesn't make sense. According to your logic, you buy simply because it's going up. Ok, Good luck with that
IDBillzFan Posted June 7, 2010 Posted June 7, 2010 I'm not so dumb as to not be in it. I was. I had a close friend suggest getting in when it was in the $700s. I hesitated. Then it was quickly 800s, 900s, 1000s, and I hesitated for one stupid reason: I got the exact same "hurry up and get in" feeling years ago when tech stocks were taking off. So I got in pretty heavy, almost precisely at the very singular moment that it decided to take a crap. Simarly, it seemed like every 30 seconds the price of gold was going higher, and part of me was thinking "quick, get in" and part of me was thinking "Fool me once..." I don't feel so badly about it because the I've needed to have that money ready to go in and out of my company. You don't need to be told this, but in times like these, cash flow is brutal. And the more I watch the current administration, the more I realize they will never do the things necessary to encourage small business growth. So I wish I had some gold, but I'm not losing sleep over it any more. My big hope now is that the November elections make this joke of a WH stop spending like Lindsey Lohan finding a Paris Hilton credit card at Club Cool.
John Adams Posted June 7, 2010 Posted June 7, 2010 So you invest in things that don't make sense to you? Now THAT doesn't make sense. According to your logic, you buy simply because it's going up. Ok, Good luck with that Currencies down = Gold up. I get that. But when push comes to shove, as GG points out, gold isn't "worth" much except as a good conductor and making jewelry. It's a currency hedge because people think it is but no one will ever use gold as currency ever again.
John Adams Posted June 7, 2010 Posted June 7, 2010 I was. I had a close friend suggest getting in when it was in the $700s. I hesitated. Then it was quickly 800s, 900s, 1000s, and I hesitated for one stupid reason: I got the exact same "hurry up and get in" feeling years ago when tech stocks were taking off. So I got in pretty heavy, almost precisely at the very singular moment that it decided to take a crap. Simarly, it seemed like every 30 seconds the price of gold was going higher, and part of me was thinking "quick, get in" and part of me was thinking "Fool me once..." I don't feel so badly about it because the I've needed to have that money ready to go in and out of my company. You don't need to be told this, but in times like these, cash flow is brutal. And the more I watch the current administration, the more I realize they will never do the things necessary to encourage small business growth. So I wish I had some gold, but I'm not losing sleep over it any more. My big hope now is that the November elections make this joke of a WH stop spending like Lindsey Lohan finding a Paris Hilton credit card at Club Cool. I don't talk about investing because it's not wise on a message board. I just bring up gold because it's on topic. If we were in a thread about the relative merits of some company I own, I might (or might not) bring them up too. I said before that I don't trust gold much and have it on a short leash but I'll be damned if it doesn't keep heading up. I watched a lot of things go up in crazy multiples in the tech boom but I had little money then and just rode the general wave (both up and down) in the mutual funds I owned in my 401K.
DC Tom Posted June 7, 2010 Posted June 7, 2010 Don't worry - he threw in enough digs in his apology in order to not be accused of going soft! Apology accepted, JA. Peace. "Apology accepted?" "Peace?" !@#$ing pansy-ass little school girls. Challenge him to a !@#$ing spearing contest already!
outsidethebox Posted June 7, 2010 Posted June 7, 2010 "Apology accepted?" "Peace?" !@#$ing pansy-ass little school girls. Challenge him to a !@#$ing spearing contest already! We haven't had a good spearing contest in a long time! Some one round up the spears!
outsidethebox Posted June 7, 2010 Posted June 7, 2010 Currencies down = Gold up. I get that. But when push comes to shove, as GG points out, gold isn't "worth" much except as a good conductor and making jewelry. It's a currency hedge because people think it is but no one will ever use gold as currency ever again. Gold schmold. In a true doom scenerio, nothing beats whiskey and women!
/dev/null Posted June 7, 2010 Posted June 7, 2010 Gold schmold. In a true doom scenerio, nothing beats whiskey and women! First you get the gold. Then when you got the gold, you get the whiskey. Then when you got the whiskey, then you get the women.
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