[RealJustme]

DOW down 850, superrich are selling stocks, buying gold, properties and keeping cash ready.

As I've been saying all along, everyone should diversify their investments and include a healthy portion of it in gold.

[Clownkicker]

As I have been telling RealTool for two years, gold only goes up when other things tank.

Now RealTool is here gloating that Trump is destroying the best global economy in fifty years, and his gold stocks (which he largely sold off when Trump was elected) are finally going up because of Trump's incompetence.

When Trump causes the next recession because of his reckless tweets, ill advised trade tariffs, and ineffectual tax cuts for the wealthy that never even put a blip on the GDP growth radar, Realtool will return to blame it all on Obama, because that's all Republicans have.

[elklindo69]

So Justme.....

How's that FLR doing?

[johnforbes]

As I read this thread, through the WiFi of my tomato soup can connected to a string, I feel a sense of genuine sadness at the wreckage of my stock portfolio.

A steady rain is now falling on the pitched roof of my cardboard box which is my new home.

[RealJustme]

Now RealTool is here gloating that Trump is destroying the best global economy in fifty years

Glad you finely admit Trump has built the best global economy in fifty years. A financial war with China is better than a physical war, so some with money investments lose a little value, better than our soldiers shedding blood... GO USA!!!

Trump has built our economy up to the point we're well prepared for that financial war. China has been forced to devalue their currency which means everything they purchase will be more expensive and their goods will be cheaper to other countries. Pure genius on Trump's part.

Got gold?

[RealJustme]

AP - Gold prices are sharply up and have hit a six-year high in early-afternoon U.S. trading Monday. Strong safe-haven demand is featured to start the trading week, amid an escalating U.S.-China trade war and civil unrest in Hong Kong.

World stock markets tumbled Monday amid heightened worries about an escalating trade war between the world’s two largest economies—the U.S. and China. U.S. stocks are sharply lower and near daily lows at midday.

I have to admit, my gold investments didn't offset my stocks looses today but it sure made those looses less painful. Gold may be poised to sky rocket to the point I end up making money on my investments, even if the market totally tanks. I don't plan to change anything, I'm letting it all ride. The main thing is we're at financial war with China and must win, wars aren't cheap. I'm betting Trump is preparing to crank the heat up on China and let them know we won't back down.

Got gold?

[elklindo69]

Dow gets hammered because of Trump's stupid trade war and is down some 900 points.

China has terminated Ag exports from USA.

And Trump will shortly be hiking socialist payments to red state farmers.

So much winning..................

[Clownkicker]

"Glad you finely admit Trump has built the best global economy in fifty years."-RealFool

I admitted two years ago that Obama HANDED Trump the best global economy in 50 years. Trump didn't "build" anything.

I also told you Trump is systematically destroying it with his foolish tariffs and various trade wars that will yield nothing but larger and larger record debt because he is spending like a fleet of drunken sailors....worse than Obama ever did.
The fact that your gold is finally going up in value is proof of Trump's failure. But you're happily cheering the coming disaster like the dimwit you are.

But take heart, Tool, your ten ounces of gold Krugerrands will undoubtedly put you on easy street when Trump makes the economy bad enough that the price of gold doubles.

[RealJustme]

I admitted two years ago that Obama HANDED Trump the best global economy in 50 years. Trump didn't "build" anything.

No he didn't, the economy didn't start to improve until after Obama LEFT office and Trump cancelled Obama's job killing policies.

[johnforbes]

Come on, a trade war to get better treatment from China is eminently sensible.

As to physical gold, I own none, but I do own stock in Rio Tinto and similar offerings.

On the question of genuine diversification, I've attended talks by Swensen at Yale who argues that it must be unlinked to U.S. interest rates, and thus it can't be just stocks, bonds, and cash connected thereto.

If Elkin and Clown have not studied the work of Markowitz, they should set silly political arguments aside for a second, jot down his name, and pursue the topic later.

I apologize for this rare serious post.

[Clownkicker]

"No he didn't, the economy didn't start to improve until after Obama LEFT office and Trump cancelled Obama's job killing policies."-RealTool

Yes, he did. The economy had been growing fairly steadily during Obama's tenure.
Since then, the Trump economy is indistinguishable from the Obama economy. Growth rates are identical. There has been no improvement in the growth rate under Trump. 2014 and 2015 under Obama were the same as 2017 and 2018 under Trump.

https://www.thebalance.com/us-gdp-by-year-3305543

Meanwhile, no U.S. companies are returning their manufacturing to the U.S. from China as Trump duped you into believing. They are simply moving operations to Vietnam or some other developing country.

[sillydaddy]

Obama did nothing for the economy..he just allowed it to find its's own level...
which any economy will do when the people are left to their own devices,
that is, do something for yourself or starve...!

All I remember is Obama saying " Things are going to get worse, before they get better..!

[Clownkicker]

Trump did nothing FOR the economy..he just took steps AGAINST it finding its own level...
which any economy will do when the people are left to their own devices,
without Trump's current disastrous interference.

All I remember is Trump saying "Things are going to get much better!" but they haven't, by any metric you choose.
Any improvement has merely continued the previous Obama trends. Trump hasn't helped at all.

[RealJustme]

All I remember is Trump saying "Things are going to get much better!" but they haven't, by any metric you choose.

Yep and Trump kept his word, the most rapid recovery in our Nation's history and now with the strongest economy we're ev ever had, by any metric you chose.

[Clownkicker]

Tool, you don't get to just make up stupid shit.

Trump promised 6% GDP growth. Then he back-pedaled to promising 4% GDP growth and has failed to deliver even that.

I gave you facts to show that the "Trump recovery" was no better in any way than the Obama recovery. You need to read those facts and learn that you have been drinking the Kool-aid from your handlers. There was no uptick (not even when the tax cuts passed) in the rate of recovery when Trump took over. And it certainly wasn't "the most rapid recovery in our Nation's history" not even close. Things were already good when Obama handed off the economy to Trump.

"...and now with the strongest economy we're ev ever had,..."-RealTool

Again, not even close. You seem to have missed the news that the Fed lowered interest rates last week in an effort to stave off the threat of recession. And you don't have a clue as to why your ten ounces of gold are finally increasing in price after two years of Trump. It isn't good news, dimwit.

[sillydaddy]

The liberals were happy when Obama gave them a glass that was half full...

Now their glass is spillling over...
and they bitch because Trump hasn't given them a bigger glass...!

[johnforbes]

Now that I am living in a cardboard box down by the river, Clown has not even offered to give me money.

For a liberal, he seems to have no sympathy for the downtrodden.

As they used to say in the Depression, "Brother can you spare a dime?"

[Clownkicker]

That's the difference between you and me, johnny.

I would always buy you lunch if you were actually hungry.

But you're just starving for attention, as your 'class clown' failed humor demonstrates.

[johnforbes]

I give plenty to charity because, though we speak with the tongues of men and angels, yet have not charity, we are become as the sounding brass...