The GOLD scream room

[Libertarian666]

Yeah, it's been in the dumps... It's a very hated asset. Sometimes I hate it.

Not me.

But that may be partly because I have enough cash to last for several years without selling any more.

[eufo]

Yeah, it's been in the dumps... It's a very hated asset. Sometimes I hate it.

Not me.

But that may be partly because I have enough cash to last for several years without selling any more.

Maybe, but I don't need to sell any, nor have I ever sold any and I still kinda hate it sometimes. If it drops more I'll pick up some more.

[dualstow]

It's hard to buy unloved assets.
If I stick with the pp, I've got to stick with gold. At least I'm lowering my avg cost.

[Cortopassi]

Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh.

[dualstow]

Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh.

And those companies are still out there. But to hang on, wondering if you're going to cut your wealth in half instead of becoming independently wealthy, hmm..

[Cortopassi]

Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh.

And those companies are still out there. But to hang on, wondering if you're going to cut your wealth in half instead of becoming independently wealthy, hmm..

Palm was the company that was supposed to make me rich. Worked there from 1999-2003 in a local Chicago office, when they shut us down and outsourced engineering. We really, really, really should have been what Apple is if upper management had any clue. ALL my options were always under water. Another aargh:

"3Com made the Palm subsidiary an independent, publicly traded company on March 1, 2000, and it traded on the NASDAQ under the ticker symbol PALM. Palm Inc had its IPO during the dot-com bubble and in its first day of trading the shares of the new company hit an all-time high of US$95.06.[9] But competition and the end of the tech bubble caused Palm's shares to lose 90% of their value in just over a year. By June 2001 the company's shares were trading at US$6.50, making it the worst performing PDA manufacturer on the NASDAQ index at the time.[9]"

[dualstow]

Ouch. Imagine going all in on that one.
I'll take gold, thank you.

[Libertarian666]

Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh.

Yes, that would have been very easy.

All you had to do was to pick one of those companies out of the much LONGER list of companies that went broke.

Why didn't I think of that?

[ochotona]

I loved my Palm OS Handspring device back in the day. Only equaled when I got a smartphone. There were some dead years in there when I didn't have the device I really wanted.

[Cortopassi]

Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh.

Yes, that would have been very easy.

All you had to do was to pick one of those companies out of the much LONGER list of companies that went broke.

Why didn't I think of that?

Sure! And hold through all the downturns too...!

[Cortopassi]

I loved my Palm OS Handspring device back in the day. Only equaled when I got a smartphone. There were some dead years in there when I didn't have the device I really wanted.

Amazing the changes in the world in the past 10-15 years. Your cell phone has replaced, generally:

--Home phone
--Camera
--Radio/Stereo
--TV for many younger people
--Watch
--Computer
--GPS unit
--Video game machine
--Interpersonal relationships...

What else? Damn.

[dualstow]

Some of this is covered under your broader entries, but:

flashlight
alarm clock
meeting places // know what I mean?
microphone
notepad
calculator
scanner
star charts & telescope // apps like sky safari and star walk
road maps

for sidewalk thieves, it has largely replaced the purse, it seems.

Last week, I was out of town with my dad and my mom called him to read a recipe over the phone from her box of index cards. I was going to suggest that he just snap a photo of it, but it was kind of charming to just listen to half of the conversation between entries.

[JohnnyFactor]

Useless but fun trivia of the day:

There is 1/1000 oz of gold in a smartphone. About $1.25 as of today.

[dualstow]

Cool. I wonder how much the cobalt is worth.

[JohnnyFactor]

Yikes. I didn't know this, but should have guessed.

http://www.skynews.com.au/news/world/af ... hones.html

[dualstow]

I was about to say it's well known, but I was thinking of the recycling end of it. Young kids burnng off the plastic and inhaling the fumes.

I guess the gold picture isn't much prettier.

[Libertarian666]

Ok, everyone can blame me for today's drop. I bought a couple of ounces last night.

[ochotona]

I an having more dreams of $1200 now

[dualstow]

Gold's on sale today.

[Cortopassi]

Wonder if you'll ever be able to say that about the stock market ever again...

[dualstow]

Wonder if you'll ever be able to say that about the stock market ever again...

Sure, in November.

[ochotona]

I put in a limit order at $1200. I guess that means in a week it'll be at $1300.

[Cortopassi]

Oh, you'll get it. Feels like we are starting that July swoon in the PP again here.

[buddtholomew]

If investors hate it so much, I want it.
Bought 1% worth today.

[dualstow]

Nice, Budd!