Search found 882 matches

by stuper1
Sat Apr 18, 2020 9:13 pm
Forum: Gold
Topic: How Does Fixing the Gold Price Create Inflation
Replies: 34
Views: 1148

Re: How Does Fixing the Gold Price Create Inflation

I'm just trying to understand Rickards' position. What is it about pegging the gold price at a high dollar amount that would cause inflation, at least in his mind? I still don't get it. I must be dumb. I don't think bakers value their materials and labor in grams of gold. Maybe I have to buy one of ...
by stuper1
Sat Apr 18, 2020 3:59 pm
Forum: Gold
Topic: How Does Fixing the Gold Price Create Inflation
Replies: 34
Views: 1148

Re: How Does Fixing the Gold Price Create Inflation

That sort of makes sense to me in a very high-level, conceptual way, but not in any real-world, practical way. Just because the government is willing to pay $5,000 per ounce to anyone who wants to sell them their gold, how does that change what I pay for a loaf of bread at the grocery store? After a...
by stuper1
Sat Apr 18, 2020 11:47 am
Forum: Gold
Topic: How Does Fixing the Gold Price Create Inflation
Replies: 34
Views: 1148

How Does Fixing the Gold Price Create Inflation

I was just listening to the Triggernometry podcast. It's a good show with good guests and thoughtful discussions. They had Jim Rickards on. He was saying that the US government will probably want to create inflation in order to fritter away its huge debt. He said that money printing alone can't crea...
by stuper1
Fri Apr 17, 2020 6:08 pm
Forum: Permanent Portfolio Discussion
Topic: Question for Melveyr
Replies: 95
Views: 16838

Re: Question for Melveyr

Yes, and once a person's basic needs are met, which doesn't cost a whole lot at least in our society, then happiness becomes a choice. At least for a lot of people. There are exceptions perhaps for people who had truly bad parents or circumstances. I do believe that a lot of people who aren't very h...
by stuper1
Fri Apr 17, 2020 5:09 pm
Forum: Permanent Portfolio Discussion
Topic: Question for Melveyr
Replies: 95
Views: 16838

Re: Question for Melveyr

The guy had $13M and still wasn't happy. I owe him a debt of gratitude for reminding me that money doesn't buy happiness.

I wonder if he was any happier when that $13M was substantially less about a month ago?
by stuper1
Fri Apr 17, 2020 5:06 pm
Forum: Stocks
Topic: Stock scream room
Replies: 1348
Views: 243992

Re: Stock scream room

After the first big drop in late 2007/early 2008, stocks went up for two solid months, March to May 2008, before they really started dropping.
by stuper1
Sat Apr 11, 2020 11:21 pm
Forum: Stocks
Topic: Extremely Simple Stock Question
Replies: 25
Views: 1357

Re: Extremely Simple Stock Question

Ok, so if I had a $2 million PP held at Vanguard, where 3 of the four assets were Vanguard mutual funds (stocks, bonds, cash) and the fourth asset was $500,000 in a gold ETF, does this mean that my entire $2M is safe against financial shenanigans?
by stuper1
Sat Apr 11, 2020 8:05 pm
Forum: Permanent Portfolio Discussion
Topic: Knuckleheads PP thread resurrected
Replies: 21
Views: 1097

Re: Knuckleheads PP thread resurrected

Wow, clearly we are in a crisis, when somebody on Knuckleheads would say that 25% gold might be considered a small amount.

It was interesting to see Smith1776 as one of the commenters on that last page in 2018, although it looks like his comment got removed somehow.
by stuper1
Wed Apr 08, 2020 1:56 pm
Forum: Gold
Topic: Podcast On Paper vs Physical Debate
Replies: 4
Views: 325

Re: Podcast On Paper vs Physical Debate

What are the key conclusions?
by stuper1
Wed Apr 08, 2020 11:48 am
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 1980
Views: 51421

Re: Coronavirus General Discussion

Well, three out of the three times I tried to switch on NPR today and yesterday, they were focusing on how in the U.S., African-Americans represent a disproportionately large % of the deaths from coronavirus. Not a surprise, because of diabetes stats, etc. But the way they talk about it, I feel lik...
by stuper1
Mon Apr 06, 2020 11:27 am
Forum: Other Discussions
Topic: TDS discussion thread
Replies: 47
Views: 1114

Re: TDS discussion thread

He's the one who got himself elected, so he's the one who gets to define what it means to be "presidential" for this four years. There is no manual of presidentialness stored in the top right desk drawer in the oval office. If you can somehow comes to terms with that fact, then you don't have TDS. I...