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westerebus Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-13-10 08:46 AM
Response to Reply #37
41. I hear you.
Pre super market (aka the A&P) how did we manage to survive? The grocer marked his ledger up for what was purchased and the folks paid on Saturday mornings before the banks closed. That's how old I am.

I think it's the lack of sun light and chores. You couldn't play with your friends unless your chores were done. Then you spent the day light hours doing stuff.

Stores were closed on Sundays. You rode the bus if you had to get somewhere that was too far to walk.

Recycling was getting a used bike on your birthday. Hand me downs were this year's nouveau fashions.

You can lead a horse to water...

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  -Hi fellow DUers. Quick question: Pls. tell me why gold is NOT the way to go now or why it IS secondwind  Oct-05-10 07:22 PM   #0 
  - it was the way to go when it was only $500/oz nt  msongs   Oct-05-10 07:24 PM   #1 
  - Correct. The rule is "buy low, sell high". This is time to sell, if it's time to do anything. nt  bemildred   Oct-05-10 10:38 PM   #16 
  - Why was early October the time to sell?  Art_from_Ark   Dec-23-10 09:58 PM   #80 
     - Because markets can remain irrational longer than you can stay solvent  Taitertots   Dec-24-10 09:50 AM   #83 
        - Sounds like you're actually talking about the NYSE  Art_from_Ark   Dec-24-10 08:40 PM   #87 
           - You don't know how prices are calculated for stocks, bonds...  Taitertots   Dec-25-10 07:40 AM   #92 
              - No, gold is nothing like Tech stocks in 2001  Art_from_Ark   Dec-25-10 02:53 PM   #100 
              - What's the p/e on net flicks these days?  westerebus   Dec-25-10 06:53 PM   #102 
  - So it's only a good investment if you can triple your money?  Art_from_Ark   Oct-14-10 03:20 AM   #48 
  - Gold  bbinacan   Oct-05-10 07:24 PM   #2 
  - If the economy ever really collapses and takes the government with it  FiveGoodMen   Oct-05-10 07:30 PM   #6 
  - Could be.  bbinacan   Oct-05-10 07:43 PM   #11 
  - For what? How would tomato peddlers give you change? n/t  eridani   Oct-13-10 05:56 AM   #34 
  - IMO, Gold is up, so buying gold now would be dumb. nt  Lost-in-FL   Oct-05-10 07:26 PM   #3 
  - Tks, guys.  secondwind   Oct-05-10 07:26 PM   #4 
  - Take some jewelry to a buyer and see what you get for  Cleita   Oct-05-10 07:30 PM   #5 
  - Gold jewelry is not an investment item in the US  Art_from_Ark   Oct-07-10 10:07 PM   #22 
     - Don't say never. House prices in America never fall either. nt  pokercat999   Dec-20-10 12:05 AM   #74 
        - I didn't say gold prices will never fall  Art_from_Ark   Dec-24-10 01:23 AM   #81 
           - That is an unsupportable claim to make  Taitertots   Dec-24-10 09:55 AM   #84 
              - Considering that gold has not been $130 in nearly 40 years  Art_from_Ark   Dec-24-10 06:28 PM   #86 
                 - You sound just like the people who were over leveraged on housing  Taitertots   Dec-25-10 07:07 AM   #91 
                    - Overleveraging and fundamentals  Art_from_Ark   Dec-25-10 01:02 PM   #94 
                       - You are trying to answer the wrong question  Taitertots   Dec-25-10 01:22 PM   #95 
                          - A fad like beanie babies? That's nonsense  Art_from_Ark   Dec-25-10 01:46 PM   #96 
                             - It was an absolute failure as a monetary medium  Taitertots   Dec-25-10 02:07 PM   #97 
                                - What utter nonsense  Art_from_Ark   Dec-25-10 02:16 PM   #98 
                                   - Why are you obsessing over the analogy? It is the least important part.  Taitertots   Dec-25-10 02:45 PM   #99 
                                      - Oh, for crying out loud  Art_from_Ark   Dec-25-10 03:13 PM   #101 
                                         - Gold isn't a hedge against "Reckless fiat monetary policies"  Taitertots   Dec-25-10 10:40 PM   #104 
                                            - Duh  Po_d Mainiac   Dec-26-10 07:11 PM   #106 
                                               - Ok genius. Where is the inflation?  Taitertots   Dec-26-10 11:08 PM   #107 
                                                  - Ow stupid me........ where shall I start  Po_d Mainiac   Dec-27-10 07:56 AM   #108 
                                                  - There is not high inflation  Taitertots   Dec-27-10 08:19 AM   #112 
                                                  - You are talking like a babe in the woods  Art_from_Ark   Dec-27-10 08:12 AM   #110 
                                                     - Changes in one sector is not inflation  Taitertots   Dec-27-10 08:16 AM   #111 
                                                     - Oh, fer crying out loud!  Art_from_Ark   Dec-27-10 08:21 AM   #113 
                                                     - A handful of biased price groups increasing isn't inflation  Taitertots   Dec-27-10 08:57 AM   #114 
                                                     - For cryin' out loud, again  Art_from_Ark   Dec-27-10 09:11 AM   #115 
                                                     - Cherry picked sector price increases isn't inflation  Taitertots   Dec-27-10 10:34 AM   #116 
                                                     - To paraphrase Will Rogers:  Art_from_Ark   Dec-27-10 07:41 PM   #120 
                                                     - It is not inflation by definition  Taitertots   Dec-27-10 11:31 PM   #121 
                                                     - Overall, we are not experiencing high inflation.  OllieLotte   Dec-28-10 03:58 PM   #122 
                                                     - There is a problem, but it is not inflation  Taitertots   Dec-29-10 08:18 AM   #123 
  - when the sh~T hits the fan....  blue sky at night   Oct-05-10 07:30 PM   #7 
  - The reasoning behind trading gold back for cash,  Art_from_Ark   Oct-08-10 01:11 AM   #24 
  - Cheap diners used to trade meals for gold jewelry back in the 30s  Warpy   Dec-25-10 09:56 PM   #103 
     - Oh, for crying out loud  Art_from_Ark   Dec-27-10 08:06 AM   #109 
        - When the shit hits the fan, dealers won't have any money, either  Warpy   Dec-27-10 11:07 AM   #117 
           - How in the world did you come up with that scenario?  Art_from_Ark   Dec-27-10 05:54 PM   #119 
  - Cause it's 'bubbled' right now? Nt  xchrom   Oct-05-10 07:34 PM   #8 
  - There's way more paper gold than gold.  DCKit   Oct-05-10 07:35 PM   #9 
  - Never buy anything when the price is at an all time high.  FSogol   Oct-05-10 07:39 PM   #10 
  - "advertised on Fox" . . .ie. Glenn Beck and Goldline  DinahMoeHum   Oct-05-10 08:14 PM   #13 
  - to be honest, on quite a few "left" shows, too ... however ...  zbdent   Oct-05-10 08:23 PM   #14 
     - The #1 rule to investing is doing your homework  Art_from_Ark   Dec-24-10 08:44 PM   #88 
        - Exactly.  westerebus   Dec-25-10 09:40 AM   #93 
  - The "kinds of suckers buying gold" include central banks  Art_from_Ark   Oct-08-10 01:27 AM   #25 
  - Can you eat it?  dixiegrrrrl   Oct-05-10 08:06 PM   #12 
  - You could melt it down and make bullets. Or slingshot ammunition.  jtuck004   Oct-05-10 10:27 PM   #15 
  - LOL.  dixiegrrrrl   Oct-06-10 05:31 AM   #17 
  - medium of exchange  DoctorK   Oct-12-10 09:21 AM   #32 
     - All money is fiat money by definition, and the government doesn't influence monetary policy--  eridani   Oct-13-10 06:07 AM   #35 
     - All of today's money is fiat  Art_from_Ark   Dec-24-10 08:51 PM   #89 
     - So why was gold backed currency universally rejected by all modern economies?  Taitertots   Dec-29-10 08:57 AM   #124 
  - you can't eat it...  northernlights   Oct-06-10 07:01 AM   #18 
  - bury them in a animal proof container under that straw  dixiegrrrrl   Oct-07-10 12:00 PM   #21 
  - As I wrote upthread, there is a big difference between jewelry and bullion  Art_from_Ark   Oct-08-10 02:00 AM   #26 
  - so you can eat bullion?  northernlights   Oct-08-10 08:43 AM   #27 
     - You can't eat anything that is normally considered an investment  Art_from_Ark   Oct-11-10 09:27 PM   #31 
  - You haven't bothered to think about this much.  Po_d Mainiac   Oct-13-10 12:47 AM   #33 
     - Last week $1.00 in silver US Coinage was worth $28.00..nt  pokercat999   Dec-20-10 12:16 AM   #75 
        - You are referring to the $1 American Silver Eagle (ASE)  Art_from_Ark   Dec-23-10 09:56 PM   #79 
  - I think it is going to continue to run up some more.  OllieLotte   Oct-06-10 12:35 PM   #19 
  - Don't think of it as the price of metals rising  Po_d Mainiac   Oct-13-10 07:57 AM   #38 
  - Gold have been bery good to me  pscot   Oct-07-10 10:27 AM   #20 
  - It depends on what your plans are.  westerebus   Oct-07-10 11:13 PM   #23 
  - If gold is so valuable, why do people trade it for paper money?  hedgehog   Oct-08-10 03:27 PM   #28 
  - Several reasons.  westerebus   Oct-10-10 02:51 AM   #29 
  - On what planet is paper currency the norm?  eridani   Oct-13-10 06:15 AM   #36 
  - Push the buttons on an ATM and what do you get out of it?  westerebus   Oct-13-10 08:07 AM   #39 
  - I don't use an ATM, ever  eridani   Oct-14-10 09:13 PM   #57 
  - That planet would be "Earth"  Art_from_Ark   Oct-14-10 03:37 AM   #49 
  - You might want to take a tour of the BEP web site  Art_from_Ark   Oct-14-10 07:45 PM   #56 
  - I'm amazed at the number of thirsty horses  Po_d Mainiac   Oct-13-10 07:11 AM   #37 
     - I hear you.  westerebus   Oct-13-10 08:46 AM   #41 
     - And the coffee grinders were by the cash registers  Po_d Mainiac   Oct-13-10 10:13 AM   #42 
        - I wasn't allowed near the stove.  westerebus   Oct-13-10 06:44 PM   #44 
           - Ouch... sounds like my life... here & now  Po_d Mainiac   Oct-13-10 10:32 PM   #45 
              - Wow-- two 27-S's in a roll of Standing Libs bought at melt  Art_from_Ark   Oct-14-10 12:29 AM   #46 
                 - But 'redbook' pricing doesn't come without  Po_d Mainiac   Oct-14-10 07:38 AM   #50 
                    - ANACS is a lot cheaper than the Big 2  Art_from_Ark   Oct-14-10 08:15 AM   #51 
                       - Wow a "64"!!  Po_d Mainiac   Oct-14-10 02:39 PM   #54 
                          - I got lucky on that one  Art_from_Ark   Oct-14-10 04:12 PM   #55 
     - Horses at the trough  Art_from_Ark   Oct-14-10 01:04 AM   #47 
  - Gold is not a currency  Art_from_Ark   Oct-10-10 02:57 AM   #30 
     - These children ain't gonna understand what you just said.  Po_d Mainiac   Oct-13-10 08:17 AM   #40 
  - Bubblenomics  Joanne98   Oct-13-10 10:18 AM   #43 
  - If you are getting investment advice from DU - then I definitely think you should buy gold.  cbdo2007   Oct-14-10 10:06 AM   #52 
  - A childish response  Po_d Mainiac   Oct-14-10 02:30 PM   #53 
     - Mine was a childish response??? ha haha  cbdo2007   Oct-15-10 12:53 PM   #58 
        - Wow  Po_d Mainiac   Oct-15-10 01:41 PM   #59 
        - No secrets - just research.  cbdo2007   Oct-15-10 04:17 PM   #60 
           - I suggest you put all your money in stocks.  westerebus   Oct-15-10 06:04 PM   #61 
           - Oh I've got all my money in stocks....  cbdo2007   Oct-15-10 10:06 PM   #64 
              - So gold is up 30% for the year but it's in a bubble  Art_from_Ark   Oct-16-10 03:15 AM   #65 
                 - Stocks were undervalued due to the 2008 crash...  cbdo2007   Oct-16-10 09:21 AM   #66 
                    - You don't seem to know the first thing about metals.  Art_from_Ark   Oct-16-10 10:11 AM   #67 
           - Ah I get it ...spam alert.....Spam alert  Po_d Mainiac   Oct-15-10 06:42 PM   #62 
              - Spam. Old American.  westerebus   Oct-15-10 09:45 PM   #63 
                 - Classic! n/t  Po_d Mainiac   Oct-16-10 11:41 AM   #68 
        - Classic Snake Oil Stock Market Bullshit  Taitertots   Dec-24-10 12:10 PM   #85 
  - I recently melted down some gold...  Cassandra   Oct-18-10 01:28 PM   #69 
  - Buy low and sell high is the way to make money  golfguru   Oct-18-10 11:51 PM   #70 
  - GOLD IS A BARBARIC RELIC  frankieT   Dec-15-10 09:57 AM   #71 
  - Slavery and famines were caused by the Gold Standard?  Art_from_Ark   Dec-24-10 01:31 AM   #82 
  - Are we failing to learn from history? Pre WW2 Germany  upi402   Dec-15-10 12:47 PM   #72 
  - I too have learned.....  AnneD   Dec-18-10 08:46 PM   #73 
     - Presumably that means you actually have your hands on the gold and silver?  eridani   Dec-21-10 02:43 AM   #76 
        - Having a piece of paper saying you own gold or silver doesn't mean shit  Art_from_Ark   Dec-23-10 09:51 PM   #78 
           - I agree. Given known gold reserves, about what percentage would you say--  eridani   Dec-25-10 03:55 AM   #90 
              - Not exactly an answer, but  Po_d Mainiac   Dec-26-10 05:55 PM   #105 
  - Buying something at very inflated prices hoping that it will go up even higher...  Rochester   Dec-23-10 01:13 AM   #77 
     - Lead is for killing  upi402   Dec-27-10 01:21 PM   #118 

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