04-22-2008, 08:38 AM | #81 (permalink) | |
... a sort of licensed troubleshooter.
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Clinton never tried to privatize SS. |
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04-22-2008, 08:44 AM | #82 (permalink) | |
Junkie
Location: Indiana
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The plague of social security rests on the shoulders of Democrats. They started it and haven't fixed it.
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It's time for the president to hand over his nobel peace prize. |
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04-22-2008, 08:48 AM | #83 (permalink) | |
... a sort of licensed troubleshooter.
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04-22-2008, 08:56 AM | #84 (permalink) | |
Junkie
Location: Indiana
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It's time for the president to hand over his nobel peace prize. |
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04-22-2008, 08:56 AM | #85 (permalink) | ||
Tilted Cat Head
Administrator
Location: Manhattan, NY
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not. |
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04-22-2008, 09:08 AM | #87 (permalink) | |
Wehret Den Anfängen!
Location: Ontario, Canada
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In 1992, social security was in horrible shape, right? In 2000, social security was in better shape than in 1992, right? In 2008, social security will be in worse shape than it was in 2000, right? I'm just checking if we agree on the basic facts of the matter.
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Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest. |
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04-22-2008, 09:48 AM | #88 (permalink) | |
Tilted Cat Head
Administrator
Location: Manhattan, NY
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But I'm dealing with reality based information. All the contributions you make to the investment vehicles I mentioned all outperform SSI if people are attentive to their holdings. Nowadays, there are many retirement funds that are pegged with proper aggressive holdings based on retirement date minimizing the risks. Just because I'd like something to be "recession proof" doesn't mean that because it's private means it isn't or can't.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not. |
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04-22-2008, 10:02 AM | #89 (permalink) | ||
... a sort of licensed troubleshooter.
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04-22-2008, 10:16 AM | #90 (permalink) | |
Junkie
Location: Indiana
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That's why I'm sticking with gold for savings/retirement.
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It's time for the president to hand over his nobel peace prize. |
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04-22-2008, 10:33 AM | #91 (permalink) | ||
Wehret Den Anfängen!
Location: Ontario, Canada
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Land, to the start of the current bubble, gave worse returns than the DJIA. Gold moves randomly, fueled by speculation more than demand. Quote:
I understand you benefit from talking up your bet to other people, but things that have far less value than their marginal utility to people don't make good investments at any time.
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Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest. |
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04-22-2008, 10:43 AM | #92 (permalink) | ||
Eat your vegetables
Super Moderator
Location: Arabidopsis-ville
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"Sometimes I have to remember that things are brought to me for a reason, either for my own lessons or for the benefit of others." Cynthetiq "violence is no more or less real than non-violence." roachboy |
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04-22-2008, 11:02 AM | #93 (permalink) | |
Junkie
Location: Indiana
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100 years ago I could buy a nice middle class house for about 100 Double Eagle Gold Coins (approx. 1 ounce gold, $20 dollar face value). Today I could buy a similar middle class home at today's standards for the same 100 Double Eagle Gold coins. The home from 100 years ago was $2000, today that home is closer to $100,000. Gold has held it's value for thousands of years. Fiat currencies don't. I don't see how gold is a gamble.
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It's time for the president to hand over his nobel peace prize. Last edited by samcol; 04-22-2008 at 11:16 AM.. |
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04-22-2008, 11:03 AM | #94 (permalink) | ||
Tilted Cat Head
Administrator
Location: Manhattan, NY
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:checks pockets: nope... Quote:
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not. Last edited by Cynthetiq; 04-22-2008 at 11:22 AM.. Reason: Automerged Doublepost |
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04-22-2008, 11:41 AM | #95 (permalink) | |
Junkie
Location: Indiana
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If I bought an ounce five years ago at $350, I could sell it for well below spot of $920 today and still be better off compared to savings accounts or banking systems. On another note, buying real government issued gold coins from pre-1933 have advantges over bullion. They basically have three different values, 1. the face value 2. the gold melt value and 3. a collector value. Even if gold goes down, there were so only so many gold coins minted in that time so they maintain a collector value as well.
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It's time for the president to hand over his nobel peace prize. Last edited by samcol; 04-22-2008 at 11:46 AM.. |
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04-22-2008, 11:59 AM | #96 (permalink) | |
Wehret Den Anfängen!
Location: Ontario, Canada
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The value of gold has collapsed at a number of times in history. Spain had a huge inflationary collapse of a gold currency, for example. In the period where it hasn't been used as a currency (the last 30 years), it has behaved pretty much randomly in real-value, somewhat correlated with other resources. ... 5 years ago: 1 USD = 0.92630 EURO Today: 1 USD = 0.63070 EURO Hey look! It went up 46%, clearly Euros are a great investment. I'll just buy Euros, and have them sit around, and earn 8% return per year. ... Or, I'll invest in things that are denominated in Euros, like bonds that produce a return, and earn 8% plus the return on the bond. Yes, the US currency is tanking. That doesn't mean all securities or bonds are tanking.
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Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest. |
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generation, plan, retiring |
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