***Official 2012 Where's my f***in money FTP Thread***

[sparky999]

I'd also probably wanna see copies of their tax returns and a current bank statement too before I bought unless they are insanely reputable and even then I'd prob still ask and check that the account is registered in their name and not their mum's or something.

[zachvac]

No reputable person would sell at even close to 65c though that's the problem. Would you buy at 80c?

[sparky999]

No I think there isn't enough of a risk premium for a buyer at 80c. I'd consider 80c-85c to be about neutral EV so I'd want at least a 10c premium on that as a buyer.

FWIW I would sell my exposure at 80-85c

[thepizzlefosho]

if anyone wants it i'd be happy to sell at .80 simply so I could max out my retirement contribution this year without destroying my current bankroll. At the rate this saga is unfolding I'm going to be in a ****ty spot in april where I'm probably not going to be able to max out my IRA contribution because I simply don't have enough liquid cash outside of my bankroll. That being said maybe I'll run hot for the first quarter of 2012 and it won't be a concern.

in general I agree with you guys though. I don't think anyone buying is going to buy at more than .50 and I don't think anyone with a lot to sell that can be trusted is going to want to sell at less than .75.

[TucoRamirez]

Originally Posted by thepizzlefosho

if anyone wants it i'd be happy to sell at .80 simply so I could max out my retirement contribution this year without destroying my current bankroll. At the rate this saga is unfolding I'm going to be in a ****ty spot in april where I'm probably not going to be able to max out my IRA contribution because I simply don't have enough liquid cash outside of my bankroll. That being said maybe I'll run hot for the first quarter of 2012 and it won't be a concern.

in general I agree with you guys though. I don't think anyone buying is going to buy at more than .50 and I don't think anyone with a lot to sell that can be trusted is going to want to sell at less than .75.

Don't you know the gov't is going to steal/inflate away our retirement accounts?

Buy physical gold/silver. I'm kidding about the first part. (kind of)

[juan valdez]

serious questions

what makes gold a safe investment and what makes it valuable?

If **** hits the fan (major war, financial meltdown, catastrophe, asteroids) what use will people have for gold?

Gold has a proven track record and seems stable in the short term but I don't get the market. gold gained popularity and value back in the day because we liked shiny stuff. what exactly do we need it for moving forward?

[sparky999]

They can't print more gold

[juan valdez]

lol give me some credit please. i realize that but im talking long term. from what i understand the value of gold seems to be determined by demand and the demand for gold isn't based on any need or use, but just public opinion. what if public opinion changes or the world has bigger problems? things like water and steel would seem a lot more valuable than gold at that point

[thepizzlefosho]

Originally Posted by TucoRamirez

Don't you know the gov't is going to steal/inflate away our retirement accounts?

Buy physical gold/silver. I'm kidding about the first part. (kind of)

fwiw by that logic guns and ammo probably a better long term investment. I'm not sure that gold and silver are actually safe value in that they increasingly have no real value in the actual world, especially as economic transactions become almost purely electronic.

but also I can't deduct purchases of gold and silver from my taxes. Biggest value of putting money away for retirement (assuming you think they'll still be a similar world economy in 40 years) are the current tax deductions you can take. That alone makes the contribution probably the best use of your extra cash on a yearly basis.

[hurt]

Originally Posted by thepizzlefosho

fwiw by that logic guns and ammo probably a better long term investment. I'm not sure that gold and silver are actually safe value in that they increasingly have no real value in the actual world, especially as economic transactions become almost purely electronic.

i thought there was gold in virtually every computer or piece of electronics, which would make it increasingly valuable.

[zachvac]

This is what I get when I look for graphs of gold adjusted for inflation:

I still don't really understand what the 2 lines represent but I thought the appeal of gold was it keeps its value? Also note this is post-inflation so good investment would be a horizontal line.

[thepizzlefosho]

Originally Posted by hurt

i thought there was gold in virtually every computer or piece of electronics, which would make it increasingly valuable.

As far as I know gold isn't the most prevalent or necessary metal in current computers nor in most expected improvements in the future. But I could be wrong. Can someone show me where gold's value comes from it's demand in the electronics industry? because I was pretty sure that gold's value is essentially the same as the dollar's value in that we've assigned a theoretical bartering worth to it. Certainly it has more practical use as a pure metal than actual dollars have, but by that definition the copper in pennies is certainly more valuable than their actual worth as well as the paper dollar.

I believe my point still stands. If you believe that investing in the economy and private business (which is essentially what you are doing with most IRAs) is not a worthwhile investment because the American economy will collapse and your IRA account will be emptied within 40 years then I would suggest guns and ammo would probably be a more worthwhile investment. In as much as they always retain their value and would actually gain tremendous value in the case of a lot of the catastrophic events that would result in the collapse of our economy/country.

but gold's cool too, I just can't shoot zombies with it.

[Adam27X]

http://en.wikipedia.org/wiki/Gold#Electronics

It's not essential to all applications but it is useful.

[juan valdez]

just in case you were curious where the materials used to make your phones and computers come from. well done and worth the time if this sort of thing interests

http://www.vice.com/vice-news/the-vi...go-full-length

[TucoRamirez]

My 2c. Our monetary system/economy is obv in bad shape. I simply don't trust the Fed and the central banks to not inflate our money supply to Zimbabweian levels. (Or just to not simply steal our retirement accounts) A monetary collapse is entirely possible, don't kid yourselves. And you don't want to be caught holding paper dollars when/if the time comes.

Btw, even if a monetary collapse doesn't happen, you're money isn't earning much interest in the bank/401k/etc. Amirite? Go take a look at a 10 yr gold chart. I wish someone had told me about gold before I sunk 30% of my net worth in an IRA. And IMO, PMs are still very much in a bull market. It's also kinda cool to be able to, essentially, give the government and central banks a big F You by opting out of their crooked system.

As far as uses, silver is much more industrial metal than gold. Gold is used primarily for jewelry I believe.

Just keep this in mind. "Paper money eventually returns to its intrinsic value: zero." -- Voltaire