| Users Online Now: 2,041 (Who's On?) | Visitors Today: 535,474 | |
| Pageviews Today: 854,961 | Threads Today: 345 | Posts Today: 5,381 |
| 09:11 AM | ||
| Users Online Now: 2,041 (Who's On?) | Visitors Today: 535,474 | |
| Pageviews Today: 854,961 | Threads Today: 345 | Posts Today: 5,381 |
| 09:11 AM | ||
Feeling lucky Punk? Aussie blue chips are way down. Any takers? | |
| Anonymous Coward User ID: 961432  United States11/25/2011 02:03 AM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. Why? The markets are crooked and distorted. Even if you make money in the markets, you are participating in a corrupt and evil system. Why not just pull your money out and let it sit? At least you aren't part of the overall corruption. |
Zero Point
(OP) User ID: 3341144  Australia11/25/2011 02:05 AM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. Why? The markets are crooked and distorted. Even if you make money in the markets, you are participating in a corrupt and evil system. Why not just pull your money out and let it sit? At least you aren't part of the overall corruption. That's exactly what I've done. Being corrupt doesn't really bother me though. If anything helps my family I'm willing to take ANY kind of moral hit. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
| KingDingaLing
User ID: 1559124 United States11/25/2011 02:15 AM Report Abusive Post Report Copyright Violation | |
| Zero Point
(OP) User ID: 3341144 Australia11/25/2011 02:20 AM Report Abusive Post Report Copyright Violation | Why aren't they called white chips? Quoting: KingDingaLing Blue collars are lower positions on the totem pole. Blue chip stocks should be penny stocks. Thank you for listening to my ramblings. Well they're running up a white flag if that helps. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
| Zero Point
(OP) User ID: 3341144 Australia11/25/2011 02:22 AM Report Abusive Post Report Copyright Violation | Also hearing now of a new retrospective company tax which is going to rip 10 billion out of corporate Australia and goes back till 2004. Something to do with company mergers. Retrospective taxation here is a massive political no no and regarded as theft. I might do another thread on it tomorrow when I find out more. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
| sounds
User ID: 5816577 Australia11/25/2011 03:29 AM Report Abusive Post Report Copyright Violation | |
| Zero Point
(OP) User ID: 3341144 Australia11/25/2011 03:39 AM Report Abusive Post Report Copyright Violation | Hey Zero, Just one word Gold you can hold it and it,s real. Quoting: sounds By the way that avatar is much better, didn,t like the last one it was a bit scary   I'm thinking of silver now I must say. Maybe gold too. Sorry about the other avatar I took it from that soap and water clip. I got rid of it due to popular demand  Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
| Anonymous Coward User ID: 5993994 United States11/25/2011 03:58 AM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. From 1937 until 2010, the average inflation rate in Australia was 6.02 percent. [link to www.tradingeconomics.com] So take any fiat you gain from investments and realize you are losing on AVERAGE 6% of your initial investment every year.So a gain of 5%= a 1% loss on an average year in the Australian market. Silver on the other hand is up over 15% in the last year in Australia.Up over 166% in the last 5. Up over 1000% in the last 30. See my point? Are you not paying 6% over spot price for precious metals? |
| Anonymous Coward User ID: 5993994 United States11/25/2011 04:03 AM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. From 1937 until 2010, the average inflation rate in Australia was 6.02 percent. [link to www.tradingeconomics.com] So take any fiat you gain from investments and realize you are losing on AVERAGE 6% of your initial investment every year.So a gain of 5%= a 1% loss on an average year in the Australian market. Silver on the other hand is up over 15% in the last year in Australia.Up over 166% in the last 5. Up over 1000% in the last 30. See my point? Are you not paying 6% over spot price for precious metals? And buying silver or gold today near their historical highs is a different bet than buying them 10 years ago or 5 years ago. If you had bought PMs recently you'd be underwater on the PM investment. Paper shorts like DZZ and ZSL are up in the short term. Whatever one does we try to buy lower and sell higher, whatever the time frame. |
| Anonymous Coward User ID: 5994214 United States11/25/2011 04:06 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 5995659 United States11/25/2011 04:35 AM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. In 2008 when the banks were failing all over the place... My Bank (Fifth Third) was going down quickly too. It's stock fell to $1.75 per share from something like $25 per share. Rumors of the bailout were in the news and I immediately reasoned that if I buy 1000 shares @$1.75, I would be secure in the knowledge the the gov would bail them out and stocks would rise again. My wife and I argued over this and she kept bitching about it being a waste of money. I relented. Very soon thereafter, they received their bailout and the stock shot up to $12.75 It has since traded as high as $15.75 |
| Possum
User ID: 5948623 Australia11/25/2011 05:09 AM Report Abusive Post Report Copyright Violation | Stuff all that! Long dated options - don't outlay all that money! There is no need for temples, no need for complicated philosophies. My brain and my heart are my temples; my philosophy is kindness. Dalai Lama Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either. Albert Einstein The kingdom of God is within you and all around you. It is not within buildings of wood or stone. Split a piece of wood and you will find me. Look beneath a stone and I am there. Stigmata |
| Anonymous Coward User ID: 1418745 United States11/25/2011 05:15 AM Report Abusive Post Report Copyright Violation | |
| Zero Point
(OP) User ID: 3341144 Australia11/25/2011 05:29 AM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. In 2008 when the banks were failing all over the place... My Bank (Fifth Third) was going down quickly too. It's stock fell to $1.75 per share from something like $25 per share. Rumors of the bailout were in the news and I immediately reasoned that if I buy 1000 shares @$1.75, I would be secure in the knowledge the the gov would bail them out and stocks would rise again. My wife and I argued over this and she kept bitching about it being a waste of money. I relented. Very soon thereafter, they received their bailout and the stock shot up to $12.75 It has since traded as high as $15.75  Then I'll wait and see. I've already bought a load of 30 cent shares in a uranium gamble outfit.Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
| Zero Point
(OP) User ID: 3341144 Australia11/25/2011 05:36 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 6034739 United States11/25/2011 11:58 PM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. From 1937 until 2010, the average inflation rate in Australia was 6.02 percent. [link to www.tradingeconomics.com] So take any fiat you gain from investments and realize you are losing on AVERAGE 6% of your initial investment every year.So a gain of 5%= a 1% loss on an average year in the Australian market. Silver on the other hand is up over 15% in the last year in Australia.Up over 166% in the last 5. Up over 1000% in the last 30. See my point? Are you not paying 6% over spot price for precious metals? I pay less than 1% over spot,but I have been going to the same dealer for over 10 years and have a good relationship with them.If you pay more than 5% over spot you are getting ripped off period.Normal from Comex and large dealers is around 2-4% above spot. |
| Anonymous Coward User ID: 6102910 United States12/01/2011 03:43 AM Report Abusive Post Report Copyright Violation | PRECIOUS METALS GAINS FROM 1/1/2010 TO CURRENT: Gold 1/1/10 close: $1,096.50/ounce-UP 58.9% Silver 1/1/10 close: $16.85/ounce-UP 94.1% Platinum 1/1/10 close: $1,467/ounce-UP 6.5% Palladium 1/1/10 close: $406/ounce-UP Up 50.9% As of 11/25/2011 Of course silver and gold will continue to go up as central banks(aka the Federal Reserve) print notes into oblivion. OP any stocks you know of up 94% this year? |
