moss makes me itchy
The American Dream
- Thread starter 30ashopper
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TNJed, for those of us who are fiscally illiterate, such as I, your explaination and postings regarding the Fed have been most illuminating. While some may not have the fiscal acuity of others such as you, we have been raised through the depression to save, save, save. From some of what I read, that may all be for nought although I might be misintrepting. Nevertheless, thank you most sincerely for the explainations and your personal insight into our financial mess.
The Progressive Woodrow Wilson is the guy that made this happen. On his deathbed he said he regrets the things he did to our Country.
Did you know a penny prior to 1982 is 95% copper and that penny is worth .03 in melt value? That is the difference between fiat face value, and real world tangible value. 200%
Did you know ANY nickle is worth .07 in melt value? A $2 roll of nickels is worth $2.75. That's a 37% increase due to just raw metal value.
There are a lot of people out there buying Ryedale machines, which separate copper from zinc pennies. They are hoarding copper just like people now hoard silver. There was a time when all coins contained 90% silver. These coins are now worth 22x face value. There will be a time in the future when people look back and remember when copper pennies used to circulate freely.
Services
YouTube - Ryedale Coin Penny Sorter
If the idea of gold or silver scares you, then buy a box of nickels. Or rather, get a box of nickels. Your downside is nil as you get them for face value, but the melt value is an instant 37% return. Of course, the defacing and melt ban will have to be lifted to recognize this gain but look at silver "junk" coinage. They trade at 22x face today.
Portland Mint is selling copper pennies by the ton, presorted. For self sorters, I've heard the average find rate of pre-'82 pennies is about 20%. Keep your coppers and nickels.
Coin Calculators Measuring Metal Value - Coinflation.com
A forum for coin roll hunters:
http://www.realcent.org/viewforum.php?f=1&sid=58284c7b98ed853478f2a2077feca9fc
Did you know ANY nickle is worth .07 in melt value? A $2 roll of nickels is worth $2.75. That's a 37% increase due to just raw metal value.
There are a lot of people out there buying Ryedale machines, which separate copper from zinc pennies. They are hoarding copper just like people now hoard silver. There was a time when all coins contained 90% silver. These coins are now worth 22x face value. There will be a time in the future when people look back and remember when copper pennies used to circulate freely.
Services
YouTube - Ryedale Coin Penny Sorter
If the idea of gold or silver scares you, then buy a box of nickels. Or rather, get a box of nickels. Your downside is nil as you get them for face value, but the melt value is an instant 37% return. Of course, the defacing and melt ban will have to be lifted to recognize this gain but look at silver "junk" coinage. They trade at 22x face today.
Portland Mint is selling copper pennies by the ton, presorted. For self sorters, I've heard the average find rate of pre-'82 pennies is about 20%. Keep your coppers and nickels.
Coin Calculators Measuring Metal Value - Coinflation.com
A forum for coin roll hunters:
http://www.realcent.org/viewforum.php?f=1&sid=58284c7b98ed853478f2a2077feca9fc
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Not exactly the NYSE, but consider our current situation against the quotes of angry investors in the article.
'Our savings have vanished – we've lost everything' - Asia, World - The Independent
'Our savings have vanished ? we've lost everything'
Angry investors take to streets as Dhaka's stock exchange crashes. Andrew Buncombe reports
Tuesday, 11 January 2011
Police in Bangladesh used tear gas and water canons to disperse angry protests by crowds of small investors after a dramatic free-fall plunge on the country's stock market caused the authorities to suspend trading.
Hundreds of outraged investors took to the streets outside the stock exchange in the Motijheel neighbourhood of the nation's capital after the worst plunge in the country's history saw the Dhaka Stock Exchange (DSE) fall by 660 points, or 9.25 per cent, in less than an hour....
...The problem, say experts, is that the booming stock market had in recent years become deeply overvalued, something that had been ignored as investors enjoyed massive gains. Amid demands that it act to address the situation, the authorities had recently taken a series of steps to limit the percentage of deposits that banks can invest in the market and cool the situation. As a result, many larger, institutional investors decided to withdraw from the market, a move that set off the hysteria.
"This was coming ? it was only a matter of when it would take place," said Mustafizur Rahman of the Centre for Policy Dialogue, a Dhaka-based think-tank. "The market had been heating up for quite a time, particularly over the last year. There was too much money chasing too few shares... This is a correction."
Observers say that many of those taking to the streets yesterday were among more than 3 million new, small-sized investors who had been attracted to the stock market in the last few years. Keen to cash in on the heated-up market, they had placed their money in shares rather than putting it in traditional bank deposits or savings accounts.
Many of these so-called retail investors may have had little investment expertise or knowledge about the companies in which they were putting their money. "They thought this would be a way for them to raise some capital from the markets," said Professor Arindam Banik of Delhi's International Management Institute.
But when the markets started to collapse, countless numbers of smaller investors were left ruing their decision to invest in stocks. "I poured all my money into the Dhaka stock exchange," investor Humayum Kabir, who had lost 60 per cent of his family's 2.5m taka (?22,000) in savings, told the Agence France-Presse. "The finance minister lured us into the stock market, he told us it was safe, but now we have lost everything. They artificially jacked up the prices of junk shares and now our savings have vanished."....
'Our savings have vanished – we've lost everything' - Asia, World - The Independent
'Our savings have vanished ? we've lost everything'
Angry investors take to streets as Dhaka's stock exchange crashes. Andrew Buncombe reports
Tuesday, 11 January 2011
Police in Bangladesh used tear gas and water canons to disperse angry protests by crowds of small investors after a dramatic free-fall plunge on the country's stock market caused the authorities to suspend trading.
Hundreds of outraged investors took to the streets outside the stock exchange in the Motijheel neighbourhood of the nation's capital after the worst plunge in the country's history saw the Dhaka Stock Exchange (DSE) fall by 660 points, or 9.25 per cent, in less than an hour....
...The problem, say experts, is that the booming stock market had in recent years become deeply overvalued, something that had been ignored as investors enjoyed massive gains. Amid demands that it act to address the situation, the authorities had recently taken a series of steps to limit the percentage of deposits that banks can invest in the market and cool the situation. As a result, many larger, institutional investors decided to withdraw from the market, a move that set off the hysteria.
"This was coming ? it was only a matter of when it would take place," said Mustafizur Rahman of the Centre for Policy Dialogue, a Dhaka-based think-tank. "The market had been heating up for quite a time, particularly over the last year. There was too much money chasing too few shares... This is a correction."
Observers say that many of those taking to the streets yesterday were among more than 3 million new, small-sized investors who had been attracted to the stock market in the last few years. Keen to cash in on the heated-up market, they had placed their money in shares rather than putting it in traditional bank deposits or savings accounts.
Many of these so-called retail investors may have had little investment expertise or knowledge about the companies in which they were putting their money. "They thought this would be a way for them to raise some capital from the markets," said Professor Arindam Banik of Delhi's International Management Institute.
But when the markets started to collapse, countless numbers of smaller investors were left ruing their decision to invest in stocks. "I poured all my money into the Dhaka stock exchange," investor Humayum Kabir, who had lost 60 per cent of his family's 2.5m taka (?22,000) in savings, told the Agence France-Presse. "The finance minister lured us into the stock market, he told us it was safe, but now we have lost everything. They artificially jacked up the prices of junk shares and now our savings have vanished."....
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Notice that the problem was panic from un-diversified investors who did not know about investing, chose to invest all their funds in risky stocks over safer traditional methods, and invested in companies they knew nothing about.
That is why good assets in those areas are typically real estate or jewelry. They fluctuate less, hold value more, and are not tied to government vagaries.
Plus the women tend to control the assets more when it is in the form of their jewelry.
That is why good assets in those areas are typically real estate or jewelry. They fluctuate less, hold value more, and are not tied to government vagaries.
Plus the women tend to control the assets more when it is in the form of their jewelry.
After slowly digesting all the links and other input that TNJed posted (as well as the various paths those led me down)...
I came away Not with the perception that saving-saving-saving is for Naught.
But rather, a strong conviction that it's about a rapidly evolving change in our approach to strategic savings WHAT & HOW: Tangible, sustainable, personally holdable/controllable/tillable, locally plantable/edible/tradeable, and predominantly non-flammable.
1) Tangible!
2)
Bee-You-Tee-ful Jull-er-eeA prime example of this is (Eastern) Indian traditions re: 24K gold jewelry;-)
1) Tangible!
2)
A prime example of this is (Eastern) Indian traditions re: 24K gold jewelry;-)
Usually more than 24K and involving precious stones too. ;-)
Canoehead's mom has more bling than most rappers, but she thinks anyone who pays more than $3K for a car is insane.