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#31
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#32
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If you kept your money under your bed for 20 yr's it would be far worse than keeping gold for 20 yrs. Inflation is a *****.
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1983 300SD 296K+ 1984 300SD parts car |
#33
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I would never touch gold unless it was just "play money" that I could afford to throw away on a gamble. This bubble will burst, again. |
#34
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My Grandfather loved gold and played with it a bit, considering how much he had invested the returns sucked. You can build like one house and make more in 6 months than playing with gold for a few years with the same money.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#35
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I agree, put your cash in real estate for the long term. |
#36
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When I was in high school I would pick up my date (now my wife) and go to get gas ... the fellow would come out and I would open the window and ask for a dollar's worth ... he would pump in about 3 gallons ... enough for the night of cruising.
We would go to the tavern to meet friends and get 5 - 21 oz glasses of beer for 1$. You could get 5 cheap hamburgers for a dollar at the drive-in. A pizza would be a treat and would cost $3 for dine in service ... $4 with the tip. Everything is relative ... . |
#37
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As I recall, I also earned about $1.65 per hour at my high school job.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#39
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I can remember when it was like $1.35!!! And I am only 21!! I wish I had driven more back then!
I could drive about 24 miles back then for $1.35.....now I can drive about 5-6 miles for that.
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-diesel is not just a fuel, its a way of life- '15 GLK250 Bluetec 118k - mine - (OC-123,800) '17 Metris(VITO!) - 37k - wifes (OC-41k) '09 Sprinter 3500 Winnebago View - 62k (OC - 67k) '13 ML350 Bluetec - 95k - dad's (OC-98k) '01 SL500 - 103k(km) - dad's (OC-110,000km) '16 E400 4matic Sedan - 148k - Brothers (OC-155k) |
#40
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Sadly like 30 years later wages did not increase at the same rate as costs. I only made $6.00 (and later I was up to $6.25) per hour at my high school job......that was over 5 years ago Time flies!
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-diesel is not just a fuel, its a way of life- '15 GLK250 Bluetec 118k - mine - (OC-123,800) '17 Metris(VITO!) - 37k - wifes (OC-41k) '09 Sprinter 3500 Winnebago View - 62k (OC - 67k) '13 ML350 Bluetec - 95k - dad's (OC-98k) '01 SL500 - 103k(km) - dad's (OC-110,000km) '16 E400 4matic Sedan - 148k - Brothers (OC-155k) |
#41
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By investing in most cases we expect others to make money for us. That is a bit of a reach when you compound in human nature. By simply importing something like portable gps recievers from an oriental source and reselling them at twice your cost you ding places like wallmart that have habitually used excess markup.
One hundred percent return is possible with little real effort in a week or two after recieving your order. If you continue the activity your return on investment per year is unbelievable. Remember your retail on those recievers is going to be only about a quarter of what places like wall mart sell for even on sale. I think everyone knows or should know this excess markup on the primarily chinese merchandise has enabled them to build an empire. A couple of years ago they wanted 25-27.00 for memory sticks. I could source them for .75 each in low numbers from china myself. What was wallmart paying for the same item in volume...35 cents? This is just an example. I have to wonder if we have become too lazy and complacent over the years in north america. Human nature and chance add risk to generl investing. You can have your cake and eat it too if just a little thought and effort is expended. You have to want it bad enough to motivate yourself though. Last edited by barry123400; 06-08-2008 at 12:35 AM. |
#42
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Energy and food consumers are feelign a classic bull sqeeze. Too much money chasing too few things, i.e., commodities. Welcome to the 21st century. Return to the future. Maybe a nickel (5%)of an investment portfolio ought be in gold, and maybe another nickle in commodities. From a US investors perspective, hedging the greenback isnt a bad thing. First off is the obvious hedging of commodity needs ( fuel, electricity), but also hedging agsint the longer run detriroation which may result as the US government has run the printing presses out of control. I would think to a true American patriot, that would be tantamount to treason, as would allowing any soveriegn nation to own as much US debt does as China. A communist nation to boot. How ironic. Boy, true Ameircan patriots are rolling in their graves while all those "erected" officials with flags on their lapels are frittering the country away, trapped into dogmatic stifled thinking by big money influencers. The same "leaders", who couldn't lead you out of a paper bag, are telling you that sending your sons and daughters to the sanbox to protect oil supplies makes more sense than extracting as much as they can from their own soil, those darn billion dollar a head caribou. ( weighed against foreign expedition cost and KIAs, those damn animlas must be that precious! ) Maybe true American Patriots should have 1000 gals of WVO in reserve. And 10,000 rounds per riflemen. Maybe your e"r"ected representatives should do something A LEADER would do and propose opening all federal land to exploration. Whether it would commence or not, the mere mention of it, concurrent with some nice "average output over life" forecasts from the USGS might be enough to cause the bull squeeze in oil to rollover, selling large futures contracts a the same time would "make" the trend happen. But your e"r"ected representtives, NONE OF WHOM, btw, EVER SERVED IN THE MILITARY ON ACTIVE DUTY at that Exec level would never think of doing that and alienating all their friends in high and mighty places. They have the gall to call themselves leaders. Last edited by WINGAS; 06-08-2008 at 01:16 AM. |
#43
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I remember the "Good Gulf" commercials, where the driver would ask for a dollar's worth. And it would do more than just fill the volume of the hose. Of course, when gas was in the low 30 cent range, I was making $1.50 an hour pumping gas and changing oil at the local full service station. Remember those? After dropping out of college in 1973, a good job was one that paid close to $100/week. At least I finally went back and got my engineering degree. Now I can afford a Mercedes AND the gas (or diesel). Jim
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14 E250 BlueTEC black. 45k miles 95 E320 Cabriolet Emerald green 66k miles 94 E320 Cabriolet Emerald green 152k miles 85 300TD 4 spd man, euro bumpers and lights, 15" Pentas dark blue 274k miles |
#44
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That is an intelligent statement.. It is about as intelligent as all the people blaming Bush for gas prices. You don't sound too biased or anything... |
#45
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This has moved WELL into OD territory.
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