Originally Posted by
unknownk
50 years ago would have been a perfect time to invest in stocks (or buying a house in a decent area of the country) not for burrying cash (coin or paper) in the back yard. Sure a candy bar might have cost $.05 but you were not making the same wages as you are today (wages peaked in the 1970's for most jobs). The country was growing, all kind of industries we take for granted now were just starting up, and good investments were easy to find. These days the economy is shrinking, nothing of value is coming down the road to invest in, and people with money just want something to invest in to keep what they have (and mostly in Asia where their currency is still suspect). Tossing a couple krugerands under the matress won't help the average man or woman much these days, it didn't the last time gold peaked either.
When everyone is advertising for you to invest in gold and silver you know thats the time to get out of it. It is a good time to be in
e-waste (until all the old 486/PPro/US made telecom and motherboards are recycled anyway). You are better off paying off debt and spending LESS then you make, worked for my parents generation anyway.
People seem to have a fascination for those days like they were the best of the world. Sure people could graduate highschool and walk down to the steel mills and get a good paying job same day, but they also died young with broken bodies because of the work and lack of modern medicine.
You never saw me advocate buying gold @ 1700. you can't eat gold.
what are your reference points between then and now ?
mine are that, I lived then and now.
what is the better moral compass. Ozzi then giving advice to David and Ricky, or Ozzi now with brain cells so screwed up from decades of drugs and booz he can't even speak let alone give advice to his gene pool.
who would you rather have your kids learn morality from, Beaver cleaver, or the Wounder years or would you choose KK and Konye. Just askin.
all of this is a moot point though. We are here and we aren't going back.
the train is already off the track, has been for years. the elitists are just trying to keep it on the road bed till they can jump off on a nice soft landing point before it and the rest of us dissaperar into the obis just ahead. my .02
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