Virginia Gun Owners Forum - VGOF

explanation free poop from one of my buddies,


The folks who are getting free
poop, Don't like the folks who are paying for the free poop, Because the folks
who are paying for the free poop, Can no longer afford to pay for both the free
poop and their own poop.


And, The folks who are paying for the free poop, Want the free poop to
stop. And the folks who are getting the free poop, Want even MORE free
poop on top of the free poop they're getting already!


Now..... The people who are forcing people to PAY for the free poop, Have told
the people who are RECEIVING the free poop, That the people who are PAYING for
the free poop, Are being mean, prejudiced and racist.


So .... the people who are GETTING the free poop, Have been convinced they need
to HATE the people who are PAYING for the free poop because they are selfish.
And they are promised more free poop if they will vote for

the people who force the people who pay for the free poop to give them even
more free poop.


Think that about covers it.

So were does that leave us when we really just cant do it anymore? I for one and hedging my assets with precious metals not really an investment more like protection in case of inflation. What do you guys do?

pnkmdfnky wrote:So were does that leave us when we really just cant do it anymore? I for one and hedging my assets with precious metals not really an investment more like protection in case of inflation. What do you guys do?

Not buying extremely overpriced gold works for me. I'd rather have $1,875 than an ounce of soft malleable metal, which is at or about peak price anyway.

Also traditionally gold is a poor investment.

Guns.

Invest in Free Poop!

You never know the price may go up and right now it is FREE

I pick up truckloads of free poop. Can't eat poop, gold or dollars, but in a matter of months, I can convert the poop to food.

My garden thanks me...

dorminWS wrote:Guns.

Don't forget the ammo!

I agree with the guns and precious metals are by no means what i consider an investment like I said its an alternate currency. watching the value of precious metals go up is just watching the dollar value go down, along with the masses of people buying it now. The real investment for me is my .308

Kreutz wrote:

pnkmdfnky wrote:So were does that leave us when we really just cant do it anymore? I for one and hedging my assets with precious metals not really an investment more like protection in case of inflation. What do you guys do?

Not buying extremely overpriced gold works for me. I'd rather have $1,875 than an ounce of soft malleable metal, which is at or about peak price anyway.

Also traditionally gold is a poor investment.

A poor investment? From 300$ to 1.875$ is a poor investment?

jim100 wrote:A poor investment? From 300$ to 1.875$ is a poor investment?

You're leaving out some key info there. Gold was 300/oz back in 2001; 10 years ago.

Quite a bit of time to tie up your dough.

Another thing you left out is that's retail price; you're not getting even close to that price from the shady dude at the gold buying convention. He's gonna pay you market price to get his own mark-up.

Plus its a bubble, just like 1980, like any bubble its about timing. If you're buying gold now (as opposed to 2001) you're in for a rude awakening, just like people who hopped on the "it will always go up" real estate bandwagon in the first half of 2007.

They got a rude awakening too basing their outlook on a short anomalous bubble period.

Again, traditionally (i.e. excepting a bubble) gold has been a poor investment.

Let me know when it starts paying dividends or pulling profits on its own.

Beyond limited industrial use (semiconductors) or gold fillings, gold doesn't do anything. The only reason gold is rising in price is because people keep buying it; a classic bubble economy.

When that Gold bubble bursts? I'll feel better having some of the smaller 1/5 oz coins about... just in case.

Oh, the "free poop" has a purpose, I think. Are you familiar with the term "danegeld"?

Kreutz wrote:Again, traditionally (i.e. excepting a bubble) gold has been a poor investment.

Of course it is. Investing in gold is dumb. It's a poor investment as investments go.

What it does well is hedge against inflation.

Kreutz wrote: You're leaving out some key info there. Gold was 300/oz back in 2001; 10 years ago.

Quite a bit of time to tie up your dough.

Another thing you left out is that's retail price; you're not getting even close to that price from the shady dude at the gold buying convention. He's gonna pay you market price to get his own mark-up.

Plus its a bubble, just like 1980, like any bubble its about timing. If you're buying gold now (as opposed to 2001) you're in for a rude awakening, just like people who hopped on the "it will always go up" real estate bandwagon in the first half of 2007.

They got a rude awakening too basing their outlook on a short anomalous bubble period.

Again, traditionally (i.e. excepting a bubble) gold has been a poor investment.

Let me know when it starts paying dividends or pulling profits on its own.

Beyond limited industrial use (semiconductors) or gold fillings, gold doesn't do anything. The only reason gold is rising in price is because people keep buying it; a classic bubble economy.

It's rare that this will happen, but I agree with Kreutz on this one. Gold is in a heavy speculation period right now. The price is going up seemingly daily. The big question is, will you know when too sell at gold's peak price? just a quick look at:
http://www.usagold.com/reference/prices/history.html
You'll see how Gold in in a bubble like around 1980. When it drops, how far will it fall and will it be another 25 years before it hits the 2011 peak? I am not getting on that merry go round.

Right diomed people look at this issue the wrong way I would not invest in something that not going to do anything for me including stocks. You have to look at what gold has been in the past...the longest used currency in the world including the united states which banned its use as currency in the 70's. Thats 1970 not 1870. The real value of gold is that its always been a form of currency as it is a good medium of value beacuse of its scarcity. dont take my original post and say well investing in gold is stupid I agree, Its going to be a hell of a lot more valueable to you when our money is toilette paper to us which is were we are heading.

Don't have the small fortune around here that it takes to buy precious metals. So we buy eatable items, look for silver quarters and dimes and copper pennies (found a few that way) and buy bullets when we have the extra cash. Hoping to buy another handgun in the New Year--that way both of us can be carrying at the same time. At 1.8K an ounce (insane BTW) can't afford gold.