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$40
Topic Started: Apr 8 2011, 01:04 AM (204 Views)
Jolly
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Geaux Tigers!
Silver hits $40:

http://www.kitcosilver.com/charts.html


Goofy Beck is right again...
The main obstacle to a stable and just world order is the United States.- George Soros
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Jolly
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Geaux Tigers!
Just an opinion:

Wish I had some silver, but I can take a small amount of satisfaction in knowing that my little bit of gold has done pretty well, too. I know it's too late to jump on the prescious metals as an insurance policy, but I do see inflation, double-digit inflation, within America's near future.

If you need durable goods now, buy them. If you have the opportunity to acquire assets that do well in inflationary times, you may want to take a look at those investments.

Just a dumb redneck's opinion...
The main obstacle to a stable and just world order is the United States.- George Soros
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jon-nyc
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Cheers
If you really believe we'll have high inflation Jolly you should take a big mortgage out on your house.
In my defense, I was left unsupervised.
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JBryan
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I am the grey one
I have a bunch of Morgans that have been appreciating nicely. I also have some 24K gold chains and a bracelet I bought years ago in Hong Kong when gold was around $300.00 per ounce. Obviously, those have doen quite well. Other than that, I am not a precious metals investor.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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jon-nyc
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Cheers
I hold 5% of my investible assets in a gold ETF and have done so since 2004 (when it was in the 400s). I never purchased the actual metal before.
In my defense, I was left unsupervised.
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JBryan
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I am the grey one
That would be my preferred method as well.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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Jolly
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Geaux Tigers!
jon-nyc
Apr 8 2011, 05:03 AM
If you really believe we'll have high inflation Jolly you should take a big mortgage out on your house.
Both of my houses are paid for, thank you.

I do not want, nor do I need, any debt.
The main obstacle to a stable and just world order is the United States.- George Soros
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jon-nyc
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Cheers
But think how much you'd make once you paid the loan back with deflated dollars!
In my defense, I was left unsupervised.
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Axtremus
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HOLY CARP!!!
Debt in an inflationary environment may be good for those who continue to generate income (presumably because the debt nominally stays the same but future income will nominally rise with inflation).

But, what if you don't plan to continue generating income (e.g., you plan to retire soon or switch to spend more time in TNCR with your family)?

Would swapping equity for debt still good for retirees, even in an inflationary environment?
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