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replied to Who likes SILVER? in Investments As the empire declines... "The Wall Street Journal reports that in nominal terms, i.e., in U.S. dollars, the past calendar decade [i.e., 2000-2009] sports the worst stock market performance in two centuries of recorded stock-market history. U.S. Treasury bonds in 2009 delivered their worst year on record. According to data back to 1927 from Ibbotson & Associates, the 30-year U.S. T-bond lost 26% last year... Likewise, the 10-year T-note lost 9.7% in 2009, also the worst return on record. View Post \| View Thread	SportsFan9698	92	November 13, 2010 View Post \| View Thread
replied to Who likes SILVER? in Investments I agree with you regarding China, but things can stay irrational longer than we can stay solvent. The problem of what oil "should" be priced at is unanswerable to me because of OPEC. You are not dealing with a market, as you noted. Supply is completely capricious, and reserves overstated, especially by Saudi Arabia. I am not sure that "real supply" exists or existed even during the crash you cite. No one really can rely on the stats provided by the Saudis, OPEC or any other producer... As for precious metals, the other element that is n ot dependent on inflation as a reason for holding them is the looking likelihood of sovereign defaults I think they are more likely than a future China implosion. View Post \| View Thread	SportsFan9698	92	November 12, 2010 View Post \| View Thread
replied to Who likes SILVER? in Investments Wall How do you get to that figure? (Not a rhetorical question: I mean what stats are you looking at to derive that number?) The Chinese would be delighted to corner ALL oil if they could pay such a tiny sum, and they would benefit by ridding themselves of their dollar reserve problem. View Post \| View Thread	SportsFan9698	92	November 12, 2010 View Post \| View Thread
replied to Who likes SILVER? in Investments Wall: What do you feel the price of oil should be if, as you think, it is now in a speculative bubble? Just curious. I think China would gladly pay $150 a barrel if they could assure themselves a guaranteed supply for the next ten years. View Post \| View Thread	SportsFan9698	92	November 12, 2010 View Post \| View Thread
replied to Who likes SILVER? in Investments I am not a gold or silver bug but own both, and have for over a decade (and plan on owning more, consistently). Gold is not at an all time high, inflation adjusted. And of course, when people compare today's price of silver to its all time high, they seem to forget that that high was the result of a failed attempt to corner the entire market by the Hunt brothers. So historical comparisons are shaky. That being said, I think two factors or three major factors are in play now as opposed to 1990, for example. Some have nothing to do with a need for inflation to exist in the US or any other country. In no particular order of importance, they are: 1. The buying power of ETFs and recent hedge fund interest in precious metals. Both are huge new factors influencing the demand for metal, with enormous buying power. 2. Potentially massive demand for metals coming from industrial use, and consumer demand originating from ever more influential affluent Asians. Asian tastes are going to influence markets vastly more than a rapidly declining West. 3. The belief that the US government consistently misleads about inflation. Who lives ex energy and ex food? And price is not revelatory of inflation.As anyone buying cereal, or coffee, for example knows, the price per item may be the same, but the amount in the box/container is less, markedly less. 4. As for not being able to eat gold/silver, this leads to a logical response:paper is edible but not satisfying as a meal either. Neither would anyone recommend a diet of foreclosed Mcmansions. 5. The average investor has very, very little of their total portfolio in precious metals. Ask around...even long time investors I know still own absolutely no precious metals... View Post \| View Thread	SportsFan9698	92	November 12, 2010 View Post \| View Thread
replied to Who likes SILVER? in Investments send a thank you note to "Bubbles" Bernanke...this is what he does for a living: View Post \| View Thread	SportsFan9698	92	November 09, 2010 View Post \| View Thread
replied to Who likes SILVER? in Investments It will be interesting to watch the carnage as Ben Bernanke commands the world to get richer. Who knew it was soooo easy to make people richer, by simply debasing their currency? View Post \| View Thread	SportsFan9698	92	November 04, 2010 View Post \| View Thread
replied to LVS in Investments Moot point Rat, but I think you are off by a digit on the Amendment...17th, the direct election of senators is the supposed problematic Amendment to Tea Party types. View Post \| View Thread	depeche2	31	November 04, 2010 View Post \| View Thread
replied to Day Traders??? in Investments Quote Originally Posted by wallstreetcappers: 99.99999% of daytraders are chum for the sharks. I just saved you thousands of dollars and hundreds of hours. Amen. Make that Amen to the tenth power. View Post \| View Thread	tgunn11	9	October 20, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis This old battleax is as stupid as they come...roll her out of the way... View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis Just incredible tennis! View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis God what a point... View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis More cowbell....I gotta fever! View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis he's done...Rafa best in the world on all surfaces... View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis all over but the shouting here.... View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis anyone would be worn out..he is in tremendous shape View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis Say goodnite Joker... View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis incredible shot from Nadal... View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread
replied to Nadal/Djokovic US Open Final (In Game) in Tennis man tha ad court service of Nadal is just freaking ridiculous View Post \| View Thread	daviddaman24	331	September 13, 2010 View Post \| View Thread

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