shingen

28 ms·

211.
by shingen 15y ago
That's exactly right, it's because the dollar is collapsing in real value. I dare you to spec out the price of a basket of 10 to 15 commodities from a decade ago compared to where they're at now.
212.
by shingen 15y ago
I own zero gold. I'm being objective about what it does, and does not do. It's a store of value, that's it. I'm heavily invested in my self. I own a business. Which is also why in one of my posts, I said the best investment you can ever mak
213.
by shingen 15y ago
No, I'm not making any argument that "this time is different". I'm making the argument that the dollar is not going to increase in value over the next 10, 20, 30 years. Rather, the dollar is going to continue to lose large amounts of real p
214.
by shingen 15y ago
Gold is priced in dollars. If the dollar loses real value, gold goes up. It's the same reason oil is $100, its baseline price is getting set ever higher, because it's priced in dollars. Price oil in silver or gold and you'll see that oil ha
215.
by shingen 15y ago
The Fed CPI excludes food and energy. So when milk goes from $1.50 to $3.60 per gallon over 20 years, they pretend that never happened. Or when gasoline goes from $0.75 to $3.59 over 30 years, they pretend that never happened. They pretend
216.
by shingen 15y ago
Sure there is evidence, the 1970s provided lots of it, and the last 15 years have provided even more. A quick glance at the Dow chart from 1960x to 1983x tells that story very well. Gold did extremely well during the inflationary late 1960s
217.
by shingen 15y ago
That's the entire point. Inflation has been substantial the past decade. Gold would have shielded you from it. You buy gold for the protection it offers from the devaluation in the dollar (in this case), not because you think you're going t
218.
by shingen 15y ago
You don't have to be lucky with gold. You could have bought in roughly 88 of the last 90 years and been perfectly well protected over time from the loss of value in the dollar.
219.
by shingen 15y ago
The Dow gets to replace GM with another growth vehicle of the modern era. While you take a real beating on the shares, the Dow simply swaps in a new stock (typically one with brighter prospects that can recharge the lost value in the Dow).
220.
by shingen 15y ago
By the 1980 CPI, inflation is running at closer to 9% right now. So yes, I'm saying inflation has been chugging at a brutal pace the past 12 years. When the CPI was that high back then, Volcker had to take extreme measures to tame inflation
221.
by shingen 15y ago
Stocks are meant to be an investment vehicle, gold is not. The difference is, in an inflationary environment, stocks get murdered in real terms. That was the first line of my initial post in this thread. The problem with stocks on the smoot
222.
by shingen 15y ago
You reveal a huge bias by the fact that you selectively pick only an extreme event that spans about 0.001% of 30 years as a prime example. The wild peak of gold in 1980 lasted for days, on a temporary burst higher. The average price of gold
223.
by shingen 15y ago
The problem is you could have actually owned gold for 90 years. Average Joe could have bought gold and held it. You could not have owned the Dow index for 90 years and then left that to your children or grandchildren. Would you like to stil
224.
by shingen 15y ago
Not exactly. If you're asking as a skilled money manager or investor, I'll give you X advice. If you're asking what I think the average Joe should do (someone with limited time and skill when it comes to money management), I'll give you Z a
225.
by shingen 15y ago
Unfortunately it is worth noting that FDR instigated the greatest private wealth seizure in the history of the planet when he stole all of America's privately held gold with force. If you've got a government that is willing to plunder like
226.
by shingen 15y ago
Yes. The S&P for example has had a roughly 2% average dividend yield on its basket of stocks over the past several decades. That helps, as without that dividend value the real return for stocks would be even worse the past decade. For d
227.
by shingen 15y ago
He's wrong. Stocks do not beat gold once inflation outpaces the rate of average market returns, which is exactly where we're at now. Gold is up 87 fold over 90 years or so. There is no way to capture that kind of return out of stocks, other
228.
by shingen 15y ago
It's always curious when someone rails about a big government and its encroachment on freedom. Then in the same statement, talks about the use of big government to target specific companies to damage them instead. As though you can really h
229.
by shingen 15y ago
It was an ok quip, but even if you're right in your assessment about how he sounds... Linking to a history of the World Wide Web on Wikipedia, on a post on Hacker News - how does that come across? It's pretty obnoxious.
230.
by shingen 15y ago
Bullshit. TechCrunch is embarrassing these days. http://www.quantcast.com/formspring.me
231.
by shingen 15y ago
Depends on if they have a business agreement with Amazon that excludes them from those terms. At their size, they very well might. Same way large AdSense customers are treated completely different and have their own contracts with Google.
232.
by shingen 15y ago
Yes it should be a full service. I particularly hate the existing web cron services, like webbasedcron.com and others. They're poorly designed, poorly run, and poorly supported. Just looking at most of their sites you can tell they suck. I'
233.
by shingen 15y ago
I don't see what's "rich" about that at all. The Win stack is a trivial cost in their business compared to the revenue potential of StackExchange. The biggest cost in their business is labor, not licenses. That will always be the case. Lice
234.
by shingen 15y ago
They specifically want to economically encourage bringing the house with you to get the cheapest rate (total commitment); or encourage building a larger house than you might otherwise have. A continuous function of price reduction per unit,
235.
by shingen 15y ago
Given the role the Fed played in fueling the nearly zero cost of speculative capital (not to mention back stopping the losses and paying for the bailouts via backing the Treasury) - that's probably the place to start making changes. Of cour
236.
by shingen 15y ago
You might have to amend that - ... in an industry where, if everyone agreed to work half as hard or half as frequently, the end result would be an improvement for the overall economy.
237.
by shingen 15y ago
While that's definitely true, Facebook is of course not lacking in free capital to throw at this problem. They had $4 billion in cash before the IPO. They'll have $9 billion after it.
238.
by shingen 15y ago
id Software rocked the gaming world with #1 when they were building their first games By their accounts it was their most productive era
239.
by shingen 15y ago
Why don't all people make their own food? The same argument applies to almost any category of product, with varying ramifications unique to each. If I made my own soda, I'd leave out high fructose corn syrup. Why do I let Coca Cola poison m
240.
by shingen 15y ago
I wish you had any clue what an entrepreneur actually is. A money making scheme? That's laughable. Spoken like someone that is definitely not an entrepreneur and will never be. I've been quite successful, thanks. =) Currently I'm sitting

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