What? WHAT?
Does this mean Obama is a communist?

Look guys, I have a full size pickup like everybody else but, I'm running out of bumper room.
I already have 'Obama's a Muslim'
and I have 'Obama's a Socialist'
and I have 'He sat on that pew for 20 years'
The only way I can work in 'Obama's a Communist'
is if I get rid of 'Show me the Birth Certificate'

This is a tough call.

 

Problem solved Raoul. Put all those nice little slogans on ornaments and hang them on a Bush in your yard!

 

I've been in gold for almost 3 years. Having said that, someday $1100 gold will look like a bargain.

 

 

Your idea of young and mine are very different. College aged is old in my book. Think more along the lines of taking care of yourself at 8-10 years old. Sorry it isn't an excuse, it is a fact of life. If one is made to do for themselves then they either do for themselves or they die. I've been doing for myself for a very, very long time and it has served me very well. When I was young I thought my friends were idiots, because they couldn't do for themselves. It wasn't until I grew up, that I realized I could do things they couldn't, because nobody did them for me. Oh yeah, I also worked my way through college. I was going to school full time and working more than full time while raising a kid and having a wife. No I'm not complaining about it, you just seem to think it is a big deal that you had to do it.

You'll never hear me complain about what I had to go through in my life, because life is suffering. Actually, its because everything I went through is what makes me who I am today, and I'm happy with that. I have a nice house, a new car that's paid for and a new truck will be in the drive within 6 months, been mostly happily married for 19 years to the same woman, and have a job most people dream about.

What I call an artifact is my black and white, cold view of the world, not my work ethic. Just about every decision can be made with a series of yes or no questions.

 

If these said people that lost their job are such pieces of **** that family and friends can't help them get back on their feet.....

The federal government has no business in this matter. Neighbors, Family, and Friends should be help out there fellow man...

 

This is very true, kind of buy high, and sell low or sit on it for another 2 decades.
Gold is no longer the safe haven type investment it was years ago, it is a speculated commodity just like corn or oil, with multiple uses.

Add to this, gold is now above where it was in the early 80s ( check that 30 year chart ), bet a ton of people thought the same thing back in 1980 ( time to buy is now, it is never going lower !! ).
Same time people bought down points on a mortgage, as a 17% mortgage was a deal, and it would never drop below that.

How does the 30 ROI look on gold, about 15% total, or less than if you had put the money in a passbook savings account for 30 years, including the down turn to today's 0.25% interest rates. Early 90s if you had at least 5,000 in a saving account, the rate was 6.75%, which is just shy of double your money every 10 years rate.
1980 5,000 in gold is worth about $5800 today
1980 5,000 in a passbook saving account would be worth about $12,500 today ( estimated taxes when processed on a 1040 Sch-B every year ).

 

I am sorry if I gave you that impression, as you gave me the impression that it was indeed a big deal.To me, work is a way of life...it is not a big deal. Complain, no, as it got me to where I am today. I was just saying actually, that it was no big deal as I had to do it, too. Sort of a "Work my way through stuff? SO WHAT" attitude, I guess.

TSC

 

Actually, Gold is lower now than it was in the 80's if adjusted for inflation (increase in prices).

Couple that with worldwide inflation (printing of money), and the crazy P/E ratios of domestic and other western equities, and there is too much upward pressure on gold, long term.

 

I'd agree that the govt owned everything, but I wouldnt call it communism/socialism because they never embodied all principles. USSR was an oppressive and evil govt. Because of its leaders, communism/socialism was never truly practiced.

Even Soviets acknowledge the lack of marxist principles.
http://www.marxists.org/archive/trot...05/workers.htm

 

The main reason the Soviets maintained some sort of Capitalism was because they learned they had to. They completely destroyed the Russian economy in less than one year with their policies (1917-1918).

Just because you "wouldn't call it communism/socialism" doesn't mean it wasn't.

It certainly wasn't free-market capitalism. Any type of central banking and/or centralized gov't controlling the means of production is socialism. Couple that with the peasant communes....well.

Heck, we haven't had free-market capitalism in the states since 1913 (the advent of the Federal Reserve).

 

Communism allows the people to benefit as a collective body. Only those in power benefited. Since the govt wasnt really about the collective body, it should be labeled more specifically. Just because it wasnt free market doesnt mean it is communism.

 

Sure upward pressure, by the speculators. They are looking to clean a bunch of people's clocks, just like in the 80s.

Without demand for the commodity, where is the upward pressure from ? Easy answer, speculation plain and simple.
Any commodity works like this, gold is not immune from speculation. It is not the "safe haven" it once was decades ago.

 

No doubt that there are a few speculators in gold and silver, there always are. Why do you think India just purchased 200 metric tons and central banks all over the world are net buyers? It isn't because they see gold in decline.

If you want to see speculation, look no further than the DJIA. From about 6K to 10.5K in less than 9 months? Speculators are why the P/E ratios are in pluto.

As America and the world debases their currencies, gold has risen the last 10 years, and $1050/ounce appears to be the new floor, as compared to $750/ounce just 1 year ago.

 

You don't realize that it is absolutely 100% impossible to have a socialist or communist state that you speak of.

If you want to make everyone 'equal' in your terms, then you have to elect or make someone more powerful to decide what is fair and what isn't. But, then the whole point was missed right? Since someone has to decide and governed what is fair and isn't automatically ruins it because now not everyone is 'equal' in your terms.