My neighbor just told me...

that he was scared for the future of the U.S. markets, and will begin to buy gold coins to hedge inflation... gold does not hedge inflation, it hedges uncertainty... reminds me of the story of the shoe shine boy giving that trader stock tips back in the 1920's...

that he was scared for the future of the U.S. markets, and will begin to buy gold coins to hedge inflation... gold does not hedge inflation, it hedges uncertainty... reminds me of the story of the shoe shine boy giving that trader stock tips back in the 1920's...

A kg of gold bought a very nice Ford or Chevy sedan in 1920.

A kg of gold can still buy a very nice Ford or Chevy sedan 2008.

What are you buying ?

Mortgage backed securities ?

Did you ever think----maybe the shoe shine boy is now rich!! Please do not judge intelligence with work class titles . My best friends Dad ----when I was growing up--- could not read or write-------yet he had a photographic memory---looked at housing blue prints---- built them on memory. -----and made 4x's more than my Dad. My dad----taught school and had a masters degree.

Edited by mcleert, 20 September 2008 - 01:08 AM.

Did you ever think----maybe the shoe shine boy is now rich!!

Please do not judge intelligence with work class titles .

My best friends Dad ----when I was growing up--- could not read
or write-------yet he had a photographic memory---looked at housing blue prints---- built them on memory. -----and made 4x's more than my Dad.

My dad----taught school and had a masters degree.

The shoeshine boy expression is a statement of public awareness not of class and intelligence.

Did you ever think----maybe the shoe shine boy is now rich!!

Please do not judge intelligence with work class titles .

My best friends Dad ----when I was growing up--- could not read
or write-------yet he had a photographic memory---looked at housing blue prints---- built them on memory. -----and made 4x's more than my Dad.

My dad----taught school and had a masters degree.

The shoeshine boy expression is a statement of public awareness not of class and intelligence.

Mcleert, i believe the reference is from Reminiscences of a Stock Operator... and the point exactly is that of public awareness... joe6pack ... i don't judge.

Buy gold to trade/barter and short bonds for income, for the first 2-3yrs anyway..... Beyond that you need good land and chickens

Edited by ronkw, 20 September 2008 - 04:24 PM.