Taxpayers are now buying AIG
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Oakman wrote:
I know enough about investing to know I don't know enough about investing.
I'm pretty much in the same boat. I was just curios about how you invest in gold/metals since it's something I've been doing for a while and I am always curious to see somebody else's approach. I have a good friend who always gets onto me for buying bullion because he prefers options. I've considered his approach but I've never been comfortable trading options on commodities.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
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Oakman wrote:
I know enough about investing to know I don't know enough about investing.
I'm pretty much in the same boat. I was just curios about how you invest in gold/metals since it's something I've been doing for a while and I am always curious to see somebody else's approach. I have a good friend who always gets onto me for buying bullion because he prefers options. I've considered his approach but I've never been comfortable trading options on commodities.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
Unless you're also prepping for teotwawki, in which case options are as worthless as the electrons they're wired on; it probably doesn't make any real difference. :rolleyes:
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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Unless you're also prepping for teotwawki, in which case options are as worthless as the electrons they're wired on; it probably doesn't make any real difference. :rolleyes:
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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dan neely wrote:
Unless you're also prepping for teotwawki
I'm depending on Matthew to give us advance warning.
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
dan neely wrote: Unless you're also prepping for teotwawki I'm depending on Matthew to give us advance warning.
How are you planning to differentiate teotwawki from days that end in y? :rolleyes:
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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Oakman wrote:
dan neely wrote: Unless you're also prepping for teotwawki I'm depending on Matthew to give us advance warning.
How are you planning to differentiate teotwawki from days that end in y? :rolleyes:
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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dan neely wrote:
How are you planning to differentiate teotwawki from days that end in y?
On teotwawki, Matthew will be wearing his tinfoil beanie, of course.
Jon Smith & Wesson: The original point and click interface
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Great answer :) Seriously, though, how do you say it's just printed off anew and doesn't come from elsewhere?
Cheers, Vıkram.
"if abusing me makes you a credible then i better give u the chance which didnt get in real" - Adnan Siddiqi.
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Great answer :) Seriously, though, how do you say it's just printed off anew and doesn't come from elsewhere?
Cheers, Vıkram.
"if abusing me makes you a credible then i better give u the chance which didnt get in real" - Adnan Siddiqi.
Vikram A Punathambekar wrote:
Seriously, though, how do you say it's just printed off anew and doesn't come from elsewhere?
The Federal Reserve is licensed to print money. That's why paper currency is called Federal Reserve Notes. AFAIK there isn't anyone who has the authority to tell them to stop.
Jon Smith & Wesson: The original point and click interface
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Use your AIG stock for toilet paper, if you haven't already. Bernanke and Paulson just printed up 87 million more dollars in exchange for 80% of a company that should have declared bankruptcy a couple of weeks ago. Strictly speaking the deal won't be annouced until the sun rises over the eastern US, but here's the details Now as soon as they put some red houses on the property they can start charging rent.
Jon Smith & Wesson: The original point and click interface
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Use your AIG stock for toilet paper, if you haven't already. Bernanke and Paulson just printed up 87 million more dollars in exchange for 80% of a company that should have declared bankruptcy a couple of weeks ago. Strictly speaking the deal won't be annouced until the sun rises over the eastern US, but here's the details Now as soon as they put some red houses on the property they can start charging rent.
Jon Smith & Wesson: The original point and click interface
Can the USA be called a state-socialistic economy yet? Or would there be the need for yet another part of the finance sector to be socialized? Not that I would object to doing so, its just the staggering contrast to the vocalisations of the (current and future, whatever you elect) neoliberal government...
Let's think the unthinkable, let's do the undoable, let's prepare to grapple with the ineffable itself, and see if we may not eff it after all.
Douglas Adams, "Dirk Gently's Holistic Detective Agency" -
Can the USA be called a state-socialistic economy yet? Or would there be the need for yet another part of the finance sector to be socialized? Not that I would object to doing so, its just the staggering contrast to the vocalisations of the (current and future, whatever you elect) neoliberal government...
Let's think the unthinkable, let's do the undoable, let's prepare to grapple with the ineffable itself, and see if we may not eff it after all.
Douglas Adams, "Dirk Gently's Holistic Detective Agency" -
jhwurmbach wrote:
Can the USA be called a state-socialistic economy yet?
When Fannie and Freddie were nationalised, I said it was state socialism, though some folks disagreed quite strongly.
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
When Fannie and Freddie were nationalised,
How was that sold, in domestic politics, when the administration had such a strong record of objecting against even the slightest governmental influence on the free flow of the market? Pure double talk and lies. Or, as Chomsky did put it: Noam Chomsky, April 13, 1996: "And the principle of really existing free market theory is: free markets are fine for you, but not for me. That's, again, near a universal. So you -- whoever you may be -- you have to learn responsibility, and be subjected to market discipline, it's good for your character, it's tough love, and so on, and so forth. But me, I need the nanny State, to protect me from market discipline, so that I'll be able to rant and rave about the marvels of the free market, while I'm getting properly subsidized and defended by everyone else, through the nanny State. And also, this has to be risk-free. So I'm perfectly willing to make profits, but I don't want to take risks. If anything goes wrong, you bail me out. So, if Third World debt gets out of control, you socialize it. It's not the problem of the banks that made the money. When the S&Ls collapse, you know, same thing. The public bails them out. When American investment firms get into trouble because the Mexican bubble bursts, you bail out Goldman Sachs." > http://www.chomsky.info/talks/19960413.htm
Let's think the unthinkable, let's do the undoable, let's prepare to grapple with the ineffable itself, and see if we may not eff it after all.
Douglas Adams, "Dirk Gently's Holistic Detective Agency"