Forum Post: Gold, semi-precious metals, plain metals, building materials
Posted 12 years ago on Feb. 19, 2012, 7:01 p.m. EST by JanitorInaDrum
(134)
This content is user submitted and not an official statement
just starting a list of things which increased in value, in the ball park of ten times OR MORE, since the turn of the century.
I'll go ahead and add, certain automobiles, certain motorcycles, certain timepieces and even the cost of chicken shit, gravel and dirt.
The point? So many of you seem at a loss as how you can grow your own money without handing it over to known criminals (or actually working it on your own capital ventures) to use it in order to extract wealth from the efforts of oppressed working people and give you back the punk portion of the return.
Who is going to loan them investment money?
Who cares?
im confused by this post
Ok Junior, before the turn of the century, one could buy gold for the price they claim it takes to excavate it and get it to the market, roughly 270 bucks a troy ounce. You haven't noticed what it has peaked at since?
Ibid for the rest of the things on the list.
Just curious, Where did you specifically buy and sell your gold?
From somebody that had it to somebody that wanted it.
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i still dont get the point so it went up in price and your mad about it?
Sorry it's so simple as to be elusive.
You don't have to hand your money over to the streeters and banksters to handle it yourself and grow it easily.
o ok that's what i thought your saying that if you look into yourself you can make money. sorry about that i figured that you were saying that just wanted to make sure.
The gold didn't go up, our money went down.
Always remember.....You're not paying more, you're getting less.
Really? Tell my money that. I cashed out 25K worth as bought in 99 when it peaked recently.
25K wouldn't buy an Italian flagship exotic back then, unless it was frazzled and beat. Today those nearly 100 ounces of gold will buy houses that sold for over a million bucks back then or any number of world class exotics worth having and keeping.
you are right on the cost of things - the world is running out of everything and the building blocks of our civilization are becoming scarce - that is one way to protect your wealth. have you read grantham's "time to wake up investors" - very good explanation of resource scarcity
No, I haven't read it. I have always tried to use common sense when deciding what would be valuable over which I could exercise prudent stewardship.
I can promise you I sure saw the scrap metal thing coming and was prepared. It was inevitable and caught many smart people completely off guard. When the price of a commodity goes untouched for over 60 years, and the Chinese wanting to lock down the whole gig, one had to be blind and in a coma not to see that coming.
Wall Street, Insurance companies and the Banksters can shove their paper where the sun don't shine.
here is some of it - you can find the rest i am sure. - Jeremy Grantham must-read, “Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever” Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever
Jeremy Grantham
Summary of the Summary The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly.
Summary
[JR: Well, it may get less bad, but not "surely." This year is pretty extreme already and 2012 could be as bad or worse than 2010, according to Hansen here.]
We all need to develop serious resource plans, particularly energy policies. There is little time to waste. Introduction
The purpose of this, my second (and much longer) piece on resource limitations, is to persuade investors with an interest in the long term to change their whole frame of reference: to recognize that we now live in a different, more constrained, world in which prices of raw materials will rise and shortages will be common. (Previously, I had promised to update you when we had new data. Well, after a lot of grinding, this is our first comprehensive look at some of this data.)
Accelerated demand from developing countries, especially China, has caused an unprecedented shift in the price structure of resources: after 100 hundred years or more of price declines, they are now rising, and in the last 8 years have undone, remarkably, the effects of the last 100-year decline! Statistically, also, the level of price rises makes it extremely unlikely that the old trend is still in place. If I am right, we are now entering a period in which, like it or not, we must finally follow President Carter’s advice to develop a thoughtful energy policy and give up our carefree and careless ways with resources. The quicker we do this, the lower the cost will be. Any improvement at all in lifestyle for our grandchildren will take much more thoughtful behavior from political leaders and more restraint from everyone. Rapid growth is not ours by divine right; it is not even mathematically possible over a sustained period. Our goal should be to get everyone out of abject poverty, even if it necessitates some income redistribution. Because we have way overstepped sustainable levels, the greatest challenge will be in redesigning lifestyles to emphasize quality of life while quantitatively reducing our demand levels. A lower population would help. Just to start you off, I offer Exhibit 1: the world’s population growth. X marks the spot where Malthus wrote his defining work. Y marks my entry into the world. What a surge in population has occurred since then! Such compound growth cannot continue with finite resources. Along the way, you are certain to have a paradigm shift. And, increasingly, it looks like this is it!
So now you are a 1%er!!! You should be taxed on your Capital Gains!!! LOL
A Big Mac burger was $0.45 when I was a kid in the 70's. Now it costs $4.50. I should have stashed some of those old Big Macs.
The food indistry is so deregulated, there's probably enough chemicals in them to still be good after this long.
Especially chemicals like Dihydrogen Monoxide. That stuff seems to be in everything we eat and drink!
According to the CDC, there were 3,308 deaths in the US directly caused by dihydrogen monoxide in 2004. It is serious stuff.
I hear the Mississippi is full of it, as well as all other water courses..
It's even falling from the sky!
I don't know if this is your failed attempt at mockery, or what, but if you think you can marginalize OWS with sarcasm, you're wrong. I know what dihydrogen monoxide is, and it is the least of the chemicals they are putting into our food.
Not hardly anything like a 1%er. My metals however, didn't rot, so nice try with your empty premise about money being devalued and gold not increasing.
Different people have different money.
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Please re-post after your buzz wears off.
How about you go soak your head in a toilet?
No, thank you. I'd rather not mimic your hair style.
You haven't seen my picture? I'm balder than Mr Clean.
Anyhow, do it because I said so.
Do it because you said so? When did you become my wife???
I never doubted for a minute that you take orders from irrational and illogical creatures. Keep your money in the stock market and banks.
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