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Strategist
2014 Jan 12, 11:36pm
Strategist says Since the last time gold peaked to $850 in 1979/1980 gold has been the worst investment anyone could have ever made. Stocks have gone up 17 fold and they even pay dividends.
From 1980-2000 stocks reigned.
From 2000-2011 stocks were flat the entire time and gold skyrocketed because of Greenspan and Bernanke.
What's next under yellen?
http://smaulgld.com/what-happens-after-the-next-stock-market-crash-poll/
That move in gold took me by surprise. I never expected it to cross $850, instead it came close to $2,000.
Now what......
Tapering has begun, and gold is on a downward trend. If the economy starts sinking they will increase the money supply, sparking off inflation worries which would give gold a temporary boost.
In the long run I think gold will continue to be an underperformer.
My crystal ball says gold will go below $1,000 some time in 2014.
smaulgld
2014 Jan 12, 11:38pm
Tapering has begun, and gold is on a downward trend. If the economy starts sinking they will increase the money supply, sparking off inflation worries which would give gold a temporary boost.
QE 3 didn't really boost gold, so tapering might not drive it lower
I'm not so sure. We could rename this the Lost Boys generation (see the movie
Peter Pan if you're not sure of the reference).
Can they take another five years of stagnant economic growth?
It's more like - do they have a choice??
smaulgld
2014 Jan 12, 11:42pm
Tapering has begun, and gold is on a downward trend. If the economy starts sinking they will increase the money supply, sparking off inflation worries which would give gold a temporary boost.
QE 3 didn't really boost gold, so tapering might not drive it lower
Something I noted last summer http://smaulgld.com/is-the-qe-trade-over-for-gold-and-silver/
smaulgld
2014 Jan 12, 11:42pm
says
I'm not so sure. We could rename this the Lost Boys generation (see the movie
Peter Pan if you're not sure of the reference).
Can they take another five years of stagnant economic growth?
It's more like - do they have a choice??
Nope best hope is a crash where they help pick up the pieces
New Renter
2014 Jan 12, 11:44pm
y crystal ball says gold will go below $1,000 some time in 2014.
...by 2020 the stuff will be so cheap banks will give bricks of it for opening a new savings account.
Sounds great but wait till you see the new fee schedule!
smaulgld
2014 Jan 13, 12:00am
...by 2020 the stuff will be so cheap banks will give bricks of it for opening a new savings account.
Sounds great but wait till you see the new fee schedule!
most of it will be in China by then
smaulgld
2014 Jan 13, 12:00am
I've seen my kids phone bills and I'd ask them "how the hell can you send 10K texts a month?"...
the text output is prodigious! More work for NSA
Shaman
2014 Jan 13, 12:10am
millennials the opportunity to employ their skills
Millennials have skills??? Really???
some must there are 95 million of them
Oh man, our future is screwed...
What do you think the WWII generation said about the boomers? Flakey pot smoker war critics who were always running off to join a commune, never holding down a solid job! People grow up.
Shaman
2014 Jan 13, 12:15am
Hell, the way things are going, texting and playing video games will probably be the primary skills for whatever's next in the tech pipeline
smaulgld
2014 Jan 13, 12:27am
Hell, the way things are going, texting and playing video games will probably be the primary skills for whatever's next in the tech pipeline
There is some truth to that- video games are a massive business-bigger than music and movies combined
smaulgld
2014 Jan 13, 12:53am
What do you think the WWII generation said about the boomers? Flakey pot smoker war critics who were always running off to join a commune, never holding down a solid job! People grow up.
correct those people were the boomers who created the circumstances that millennials are in now
New Renter
2014 Jan 13, 1:25am
Hell, the way things are going, texting and playing video games will probably be the primary skills for whatever's next in the tech pipeline
There is some truth to that- video games are a massive business-bigger than music and movies combined
I hear drone pilots are in demand.
Strategist
2014 Jan 13, 2:14am
y crystal ball says gold will go below $1,000 some time in 2014.
...by 2020 the stuff will be so cheap banks will give bricks of it for opening a new savings account.
Sounds great but wait till you see the new fee schedule!
I still wont take it. I'd rather pick the toaster.
smaulgld
2014 Jan 13, 2:32am
That is foolish. Even if you dont believe in the long term prospects you can convert it immediately into the currency of your choice and buy real estate in phoenix
Millennials will save the global economy by creating new "apps",high tech start-ups & writing brilliant code.They will show the Fed how to create virtual money.
We don't need no stinkin' manufacturing or anything related to the physical world.
There's only virtuality. "Praise the Matrix".
smaulgld
2014 Jan 13, 6:55am
Millennials will save the global economy by creating new "apps",high tech start-ups & writing brilliant code.They will show the Fed how to create virtual money.
We don't need no stinkin' manufacturing or anything related to the physical world.
There's only virtuality. "Praise the Matrix".
there is some truth in that
Dan8267
2014 Jan 13, 7:19am
Quantitative Easing doesn't matter. In a few years, yams will be the only currency accepted.
IT'S YAMS OR FUCK YOU!
smaulgld
2014 Jan 13, 7:20am
Quantitative Easing doesn't matter. In a few years, yams will be the only currency accepted.
IT'S YAMS OR FUCK YOU!
and they better be canned.
Strategist
2014 Jan 13, 11:57am
That is foolish. Even if you dont believe in the long term prospects you can convert it immediately into the currency of your choice and buy real estate in phoenix
It would be foolish to think banks give anything of value to open a savings account. I'll stick with the toaster.
I prefer coastal property to desert property.
Strategist
2014 Jan 13, 12:05pm
I prefer coastal property to desert property.
You should ask the residents of the Jersey coast if that's such a good idea...
They're foolish. What can I say.
Strategist
2014 Jan 13, 12:14pm
I prefer coastal property to desert property.
You should ask the residents of the Jersey coast if that's such a good idea...
They're foolish. What can I say.
You just said it, "They're foolish"...
Yup. Not smart like the Californians.
indigenous
2014 Jan 13, 12:19pm
Why does California have all the lawyers and why does New Jersey have all the toxic waste?
New Jersey got first pick
Strategist
2014 Jan 13, 12:27pm
Why does California have all the lawyers and why does New Jersey have all the toxic waste?
New Jersey got first pick
They can have our second pick too. We don't want it.
smaulgld
2014 Jan 13, 4:37pm
jAPOCALYPSEFUCKisShostikovitch says
It's YAMS! or FUCK YOU!, America!
I yam what I yam.
Do yams go with spinach?
APOCALYPSEFUCKisShostikovitch says
It's YAMS! or FUCK YOU!, America!
It's easy for you to say,when you hold controlling interest in the Yam Market.
jAPOCALYPSEFUCKisShostikovitch says
It's YAMS! or FUCK YOU!, America!
I yam what I yam.
Are you a silent partner with AF? lol
smaulgld
2014 Jan 14, 10:56pm
APOCALYPSEFUCKisShostikovitch says
It's easy for you to say,when you hold controlling interest in the Yam Market.
You can't prove that. And, anyway, I categorically deny it!
It's a conspiracy theory, I tell you!
smaulgld
2014 Jan 15, 12:23am
Sharing canned yam recipe
http://m.allrecipes.com/recipe/26482/candied-yams
bubblesitter
2014 Jan 15, 1:00am
Sharing canned yam recipe
I prefer fresh YAMS, organic, grown right in my backyard.
indigenous
2014 Jan 15, 2:00am
Sharing canned yam recipe
http://m.allrecipes.com/recipe/26482/candied-yams
You make the heinous mistake of thinking sweet potatoes and yams are the same thing.
But with AF it might be a good idea to get a definition of yams as he may define them as a race of people?
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http://smaulgld.com/millennials-not-part-of-the-club-yet/
Failure provides opportunity for new entrants. QE and bailouts, on the other hand, keep economic losers entrenched. It is this dynamic that has kept economic opportunities from millennials.
Whether the Fed eventually ceases its QE program, the damage to a generation has already been done. Five long years of Fed money printing to keep the system entrenched has not created a thriving economic environment for millennials but rather a playground for the older, richer generation to maintain and increase its wealth.
http://smaulgld.com/millennials-not-part-of-the-club-yet/
Companion piece-How QE Causes Senior Citizens to Compete with Millennials for Entry Level Jobs http://patrick.net/?p=1236857
#environment