2011 Off topic thread(basketball,movies,etc whatever)

[SPX]

I think there's some shit about it in the Bible.

[poopoo333]

I think there's some shit about it in the Bible.

That made me

[Vandelay]

Gold used to be what prevented America from just printing more money. The reason why the dollar keeps dropping is because America keeps flooding its economy with more and more money as a hope for a solution and thats about the worst thing they could do.

[MMA_scientist]

Yeah I keep reading/hearing Gold=good investment. So how much $ have you gained through that euro account?

Gold is a bubble.

[SPX]

I just have this vision of a world after the economies and governments have collapsed, and the world has been plunged into chaos, and there's a dude who goes up to an automechanic and says, "I think the brakes are gone. Can you fix it?" To which the mechanic replies, "Sure, for a price."

Then the man pulls out a block of gold. The mechanic looks, shrugs, and says, "What the fuck am I going to do with that? How about instead 5 of those chickens you got crated up in the back of your truck. And a roll of duct tape."

[SPX]

Abraham Linoln's wife was not all that. . .

[MMA_scientist]

It is that, plus the fact that gold has historically returned FAR less than stocks have, yet it is more volatile. We are currently seeing an upswing in the volatility, but unlike the stock market, which reflects actual value, gold is going to come tumbling down again and it may be another 50 years before it gets as high as it is now. If you got in at the right time, and you get out before the bubble bursts, good for you. But it won't last. The world is not ending, the U.S. economy is not going to collapse, and gold is going to return to its normal price, and it may not get this high for another 30 years. Whereas if you buy a stock right now, unless the U.S. economy collapses, it is virtually guaranteed to grow in value over time.

For example, had you bought gold in 1979, it was $900 an ounce (because everyone thought the world was going to end then too)... but then in 2003, it was still only $300 per ounce. It is all based on fear mongering. It is at the highest price ever right now at over $1800, but in 5 years, it will probably be worth $300 again. I mean, is gold inherently 5 times more valuabe today than it was in 2004? It is ridiculous. You can make money on it if you time it right, but it is not an investment. Don't buy things when they are over 2 times as costly as they have ever been in all of time. If you had bought gold in 1979, you would not have broken even for 25 years.

[MMA_scientist]

Abraham Linoln's wife was not all that. . .

Abe was pretty funny looking.

[Ludo]

I just have this vision of a world after the economies and governments have collapsed, and the world has been plunged into chaos, and there's a dude who goes up to an automechanic and says, "I think the brakes are gone. Can you fix it?" To which the mechanic replies, "Sure, for a price."

Then the man pulls out a block of gold. The mechanic looks, shrugs, and says, "What the fuck am I going to do with that? How about instead 5 of those chickens you got crated up in the back of your truck. And a roll of duct tape."

What makes you think we'll still be using cars in that scenario? With no money to manage people working in refineries there is no gasoline, meaning no planes, no trucks, no couriers to deliver the crude oil for refining. More or less we go back to the 1800's. No electricity beyond batteries, no running water beyond what we can pump out of the ground ourselves, alot more hunting and foraging and farming for food again.

[poopoo333]

Abraham Linoln's wife was not all that. . .

I'd smash dat ass

[SPX]

What makes you think we'll still be using cars in that scenario? With no money to manage people working in refineries there is no gasoline, meaning no planes, no trucks, no couriers to deliver the crude oil for refining. More or less we go back to the 1800's. No electricity beyond batteries, no running water beyond what we can pump out of the ground ourselves, alot more hunting and foraging and farming for food again.

Well they still had vehicles in Mad Max and Book of Eli.

[SPX]

I'd smash dat ass

Me too.

[Ludo]

Well they still had vehicles in Mad Max and Book of Eli.

They call it suspended disbelief.

[SPX]

Well maybe this is soon after the collapse and there are still fuel reserves to be used up. . .

[poopoo333]

I'm going to Monday Night Raw in December. Come at me bros