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General Motors Company Message Board

  • the_moolah_mullah the_moolah_mullah Jul 18, 2013 9:23 AM Flag

    OT: Stock market is in very big trouble

    It's all inflated with funny money being printed by the fed.
    I saw it coming and it has done nicely for me; this is not jealousy talking here.
    I was pretty sure this would happen, and bet accordingly.
    Lucky for me.
    So, stocks are a bubble -- like the ones jeye talks about, only he doesn't talk about this one.
    The only problem is bonds are worse and savings are worse.
    Where else can you go?
    Land? Gold?
    I don't have all the answers.
    But if you think the rising stock market is evidence of an improving economy, you are almost beyond help.
    Gold may be the only thing in this world that ISN'T a bubble.
    If you listen to jeye, you're crazy.

    /mm

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Whats this jeye character all about?

    • The problem with gold is that it really doesn't have the intrinsic value that most people seem to think it has. While it has some practical value, for the most part, just like paper money, gold is worth what people think it's worth. It's true that gold has long been the standard basis of value, always rising in times of inflation, but there's no guarantee that this will continue. Just like the story of how old Joe Kennedy knew it was time to get out of the stock market prior to the 1929 crash when his shoeshine boy started giving him stock tips, one should be concerned with all the populist ads for gold suggesting it as this wonderful safe haven. Gold has lost a third of its value in the past year, with no upside guarantee even if hyper inflation were to happen.

      Sentiment: Buy

      • 1 Reply to cheblammo
      • ((((The problem with gold is that it really doesn't have the intrinsic value that most people seem to think it has.))))
        ANS: Virtually ALL people seem to think it has value. Do you know a single person, who, if you gave them a chunk of gold, they would throw it away?

        ((((While it has some practical value, for the most part, just like paper money, gold is worth what people think it's worth))))
        ANS: Goes for everything: Stocks, bonds, homes, patents, and it goes for The Almighty Dollar most of all.

        ((((It's true that gold has long been the standard basis of value, always rising in times of inflation, but there's no guarantee that this will continue.))))
        ANS: Guarantees?! you want guarantees? Son, the only people who give you guarantees about investments are folks who cannot be trusted.

        ((((Just like the story of how old Joe Kennedy knew it was time to get out of the stock market prior to the 1929 crash when his shoeshine boy started giving him stock tips, one should be concerned with all the populist ads for gold suggesting it as this wonderful safe haven.)))))
        ANS: Ads do not mean we are in a bubble. Do you personally know many people who actually own gold? I believe it's fair to say a very low percentage of Americans has any significant gold holdings. The day you hear jeyedolt buying some, then maybe we are in a bubble, but right now, I'd say we are not even close.

        ((((Gold has lost a third of its value in the past year, with no upside guarantee even if hyper inflation were to happen.))))
        ANS: Yeah, it's gone from $270 to $1300, but you're focused on the pullback. Real smart.

        /mm

        /mm

        Sentiment: Strong Sell

    • When we keep printing paper...useless paper...of course it devalues our dollar. Of course we will eventually see hyper inflation...it's inevitable. This market, inflation, our economy seems like a spring that is getting more and more torqued....I think it will get real ugly...1.2 to 1.5 percent growth is not driving this market...cheap money is.

    • more ot: did you see the usa today article on "Star Collisions May Have Mad Our Gold"? interesting how rare that stuff is! speculates that the gold on earth accumulated 4.54 billion years ago.

      my portfolio is running 5% commodities and 25% international markets. however, i'm waited towards USA equities and corp bonds.

      as for equity bubble, have you taken a look at the long-term ^DJT? peaky since 1995 but still trending up...

    • "Gold may be the only thing in this world that ISN'T a bubble.
      If you listen to jeye, you're crazy."

      How about the ones that chase Gold and Silver on web advice.When Silver hit 40 and Gold 1900 but web said both were going much higher. Now he chasing another bubble and he wants you to follow.

 
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