quote:

Originally posted by 442OLDS:

Dead money just like investing in the US dollar.

I hear that all the time. How, exactly, does one invest in the U.S Dollar?

quote:

Originally posted by SlyFox:

quote:

Originally posted by 442OLDS:

Dead money just like investing in the US dollar.

I hear that all the time. How, exactly, does one invest in the U.S Dollar?

Not buy gold with it.

Gold hasn't lost a penny of its purchasing power.

The dollar had lost 581% since 1970

Someone should have a bracket race that pays in Gold.

Then you could technically correctly call it a big money race.

That would be daring though, the opposite of a bitcoin race.

Bitcoin is another status quo Lefty con shyt sandwich

This message has been edited. Last edited by: Mike Rietow,

quote:

How, exactly, does one invest in the U.S Dollar?

By simply holding it. Like in a bank savings account. There is of course currency trading, where you can buy and sell dollars for other currencies. But I think he was referring to the simplest form of simply holding.

quote:

Originally posted by Canted Valve:

quote:

How, exactly, does one invest in the U.S Dollar?

By simply holding it. Like in a bank savings account. There is of course currency trading, where you can buy and sell dollars for other currencies. But I think he was referring to the simplest form of simply holding.

That was a good explanation.
The US dollar is losing its purchasing power daily.

Nobody I know holds dollars. A dollar is just a medium of exchange. The value of real, tangible assets (including gold) is merely expressed in dollars.

Cone-killer doesn't understand inflation. Yes, a dollar buys less, but salaries and wages go up too. The "dollars are losing their purchasing power" argument is pretty non-sensical.

As far as gold...

"Gold vs. Stocks and Bonds
When evaluating the performance of gold as an investment over the long term, it really depends on the time period being analyzed. For example, over a 30-year period, stocks have outperformed gold.


From 1990 to 2020, the price of gold increased by around 360%.2 Over the same period, the Dow Jones Industrial Average (DJIA) gained 991%.1

If we look instead over the 15 years from 2005 to 2020, the price of gold has increased by 330%, roughly the same as the 30 year.2 Over the same period, the DJIA increased by only 153%.1

So, over the longer term, stocks seem to outperform gold by about 3-to-1, but over shorter time horizons, gold may win out. Indeed, if we go way back to the 1920s through today, stocks blow gold away."

https://www.investopedia.com/a...price%20appreciation.

SIX REASONS GOLD IS A TERRIBLE INVESTMENT

https://www.doughroller.net/in...terrible-investment/

1. It doesn’t produce anything
2. There is an over-supply
3. Long term returns are terrible
4. It’s too volatile
5. It’s a headache
6. It’s a bad inflation hedge

quote:

Originally posted by SlyFox:
SIX REASONS GOLD IS A TERRIBLE INVESTMENT

https://www.doughroller.net/in...terrible-investment/

1. It doesn’t produce anything
2. There is an over-supply
3. Long term returns are terrible
4. It’s too volatile
5. It’s a headache
6. It’s a bad inflation hedge

An ounce of Gold in 1970 was $35. So for $10,000 dollars, you could buy roughly 300 1 ounce Eagle coins.

If you had those 300 1 ounce Gold eagles today, you could get $600,000 for them.

That would be stupid in my opinion though. But I'd not be afraid to exchange 20 of them for currency, in order to pay bills.

Gold is money, cash is currency. The only thing you need currency for is to pay bills.

Stocks are worthless, unless you're holding the currency from gains in your hands, in order to pay bills & buy Gold.

Make sense to you now?

LMAO

quote:

Originally posted by Mike Rietow:

Stocks are worthless

List of people who might disagree with you

Warren Buffet
Bill Gates
Jeff Bezos
Steve Wozniak
Steve Jobs

Make sense to you now?

quote:

Originally posted by SlyFox:

quote:

Originally posted by Mike Rietow:

Stocks are worthless

List of people who might disagree with you

Warren Buffet
Bill Gates
Jeff Bezos
Steve Wozniak
Steve Jobs

Make sense to you now?

Bill Gates? LMAO!

Stocks are worthless, until you have the currency in your hands from gains in the stock.

It's the same concept as with a I owe you. A I owe you is a worthless piece of paper, until you collect.

There's no rational debate about it.

Let's put it this way, if stocks went to zero tomorrow, your I owe you is worth the same as it was the day before, when you didn't receive returns. It's a piece of paper.

Gold is money, don't trust me look it up.

The dollar is not money, it's currency.

Gold is money, look it up.

The only reason to hold currency, is to pay bills.

Simply put...

Stock shares in a company absolutely are not an IOU. It is literally a share of that company. And has a redeemable value at whatever time and date you buy or sell the stock certificate(s)

quote:

Originally posted by imakehp:
Simply put...

Stock shares in a company absolutely are not an IOU. It is literally a share of that company. And has a redeemable value at whatever time and date you buy or sell the stock certificate(s)

Until you redeem it, the contract is a I owe you. Same as a future contract for Gold.

Any contract is a I owe you.

Dude you don't think for yourself much, do you?

Another FDR style Executive Order will take care of the "gold hoarders".

quote:

Originally posted by Phil Dees:
Another FDR style Executive Order will take care of the "gold hoarders".

We'll have a new date for July 4th, independence day.

They'd have to pull the plug on the net prior. Do their confiscation during the ensuing chaos.

Word would still spread like wildfire, citizen band radio.

An IOU is barely a promissory note at best. Usually between private parties and rarely, if ever, enforceable in a court of law.

A stock certificate is a physical piece of paper that represents a shareholder's ownership in a company. Stock certificates include information such as the number of shares owned, the date of purchase, an identification number, usually a corporate seal, and signatures. A legally binding document.

Since you obviously don't own stocks or bonds, you should at least read about them before you embarrass yourself again.

quote:

Originally posted by Mike Rietow:

quote:

Originally posted by Phil Dees:
Another FDR style Executive Order will take care of the "gold hoarders".

We'll have a new date for July 4th, independence day.

They'd have to pull the plug on the net prior. Do their confiscation during the ensuing chaos.

Word would still spread like wildfire, citizen band radio.

Are you predicting a financial collapse of America on July 4,2021? Want to make a bet on that?

This message has been edited. Last edited by: imakehp,

quote:

Originally posted by imakehp:

quote:

Originally posted by Mike Rietow:

quote:

Originally posted by Phil Dees:
Another FDR style Executive Order will take care of the "gold hoarders".

We'll have a new date for July 4th, independence day.

They'd have to pull the plug on the net prior. Do their confiscation during the ensuing chaos.

Word would still spread like wildfire, citizen band radio.

Are you predicting a financial collapse of America on July 4, 2021? Want to make a bet on that?

I'm presuming you don't know what "FDR executive order" regarding gold, Phil Dee's is referring too? To go this far of course in this conversation?

I don't think people would turn in their gold. They'd haveto sneak up, and confisgate the gold.

I was trying to think of ways they could do it, undetected.

The government will need the gold to hold off our creditors.

Do you think if they came out and told all the people who have saved money - Gold, they had to turn in their Gold - money, they would?

I don't, at least I'd hope not.