Posted by Rich_WI on January 01, 2014 at 12:22:47 from (50.50.82.205):
In Reply to: Investments posted by MarkB_MI on January 01, 2014 at 11:29:51:
Quoting Removed, click Modern View to see
See, there you go again with incorrect information...
Gold has long been a storage of wealth, well before 2008. Before 1908 even. Historically, gold has been a storage of wealth, never an "investment" like you mistakenly call it. It has long been used by investors to park money during turbulent times. But just because an investor takes money out of the stock market and puts it in gold for a short term ride to avoid problems in the stock market, it doesnt make gold an "investment". You should have learned that in economics class. What gold does (and is) is a safe, fairly known amount of wealth.
While gold has had some larger swings in price in the last few years and you have just been made awair of them, that still dont make gold an "investment". Its a storage of wealth, just like it has always been. Sure, you heard the term "goldbug" and now you are itching to use it like you are some smart guy. Sorry, nothing much has changed. Sure the internet is around now so you read a few blogs and a few forums for preppers and you think you are smart and the preppers are dumb. Think again. These goldbugs (and silverbugs) are not doing anything different than people have done since they dug the first nuggets out of the ground and nothing different since our modern stock market. Gold is a rather safe place to park wealth untill a better vehicle of wealth comes along. We know you have read the prepper websites so we know are you familiar with the phrase, "you cant eat gold". There is a reason they say that...
The question is, what is that next vehicle of wealth? And why park wealth in gold? There is no simple answer for those questions because every person has different opinions but we can answer the questions in general terms. We will answer the second question first: Why exit other investments to buy gold (or silver)? Simple, lack of trust in the stability of where people had their money before. If you think the stock market will tank, putting your money in gold is (while not an investment), is a great place to put your money. If you think the USA will over spend and cause a major or even minor melt down of the value of the dollar, then you simply cant put your money in a better place than gold. If you think the stock market is going to go down or even crash, again, gold is a safe and historically proven place to put your money.
And of course we come back to the first question, what is the next place to put your money after gold? Again, depends on the person. For some, it will be more stocks, when they feel the time is right. For other, it will be simply a loaf of bread, they will use it for every day living expenses no matter what they are. And for a couple, it could be huge things like an island in the pacific, yep some people are heavy in gold (and silver) that they can exchange it for huge things like an island in the pacific.
And that my friends, is proof that Mark dont have a firm grasp on gold (or silver), much less the AR market. He learned a few phrases like "goldbug" and got all smug at how his investment did so much better than the preppers. I mentioned in another post how I could refute his origional message but I dont think I have the time but everybody can see how a very limited comparison between a few things on a temp. climbing market (like stocks) compaired to 2 other items on a temp. falling market and compairing them just dont work. It dont take a rocket scientist to change his origional post from 2008/9-2013 to 2008/9-2012 and he would be dead wrong. And not just by a little either. Try buying a AR15 a year ago.... But thats the great thing about picking dates in time like Mark did, anybody can be a genius when you look back, pick dates that benefit your stance and pick a few (literally 2) items that did poorly within the dates you picked. Heck, the goverment has trained monkeys to do what Mark did and then some. And we dont even have to get into the value of things beyond monetary value because how can you put a value on that?
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
