[RealJustme]

Beautiful!

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gold.JPG (44.1 KiB) Viewed 3806 times

[elklindo69]

GLD vs S&P500.JPG (105.19 KiB) Viewed 3780 times

[johnforbes]

Elkin does not have the Midas touch...

[elklindo69]

So Justme how are the Facebook (FB) and Nike (NKE) shorts going?

[Clownkicker]

RealTool is too stupid to understand that gold ownership going up is not a good sign for anyone. It means the global economy is looking shaky, and Trump and his tariffs are a big part of what's causing it. Obama handed Trump the best global economy in 50 years and in three years Trump has pissed it away.

RealTool has provided us the very evidence that gold ownership going up has been caused by Trump. Notice the chart went down under Obama because his policies kept world markets stable and there were better places to put one's money. Then ownership started up as soon as Trump took over, as tariffs and belligerent actions have caused instability and loss of faith in the economy. This is also part of the reason the predicted boon to the economy from the tax cuts never materialized because the windfall of money wasn't put into capital improvements and investments to increase GDP, but rather removed from the economy to sit in vaults where it is doing nothing.

RealTool's charts mean investors are moving their money out of equities which are looking too risky and into hedges against the many Trump disasters we are facing.

RealTool is also too stupid to understand that the money he has stashed in gold and doing nothing since Trump took over was all lost opportunity in the equities markets. The price of gold (until a few months ago as investors are getting really spooked by Trump's erratic behavior) has been essentially flat for the bulk of Trump's Presidency while stocks have shot up. Once again RealTool lost out by listening to his investment team at Partisan Hate Retirement Systems where he is consistently wrong in his investment choices. Once more RealTool tool a real hit to his retirement money and he's giddy about it, the way he is still giddy about his massive losses in Fluor stock which he bought for $65 a share but now trade at $18.72. Shrewd... But I do have to admit, his gold sitting there doing nothing and going nowhere for 2 1/2 years actually did better than his FLR shares have done.

If RealTool understood any of this, he would not be so smug about his prediction that will cause him to further lose his shirt soon thanks to Trump.

[RealJustme]

RealTool is too stupid to understand that gold ownership going up is not a good sign for anyone. It means the global economy is looking shaky

No it doesn't, it means the investor believes in diversity of investments and that gold ownership offers a degree of stability. Clown is too stupid to understand that.

[Clownkicker]

Tool, I can understand that you're too dumb to grasp the significance of a global flight from equities into gold, but even you have to understand that a bunch of OTHER people owning gold doesn't mean jack shit to you and your portfolio. You're still sitting on your gold that has done nothing since Trump took office until very recently. You lost all of that growth you could have had in a few good investments instead of sitting on a pile of shiny metal that did nothing for you all that time.

You really need to drop those clowns handling your money over at Partisan Hate Retirement Systems.

[RealJustme]

You're still sitting on your gold that has done nothing since Trump took office until very recently. You lost all of that growth you could have had in a few good investments instead of sitting on a pile of shiny metal that did nothing for you all that time.

Clown, if you had any money to invest you would know, you should have a diversity of investments to be prepared for any market or event. While my stock investments grew at a faster rate than my gold holdings, my gold's value has also grown and is my anchor for my savings. Any number of things could happen from natural to man made disasters like Sanders or Warren getting elected that would cause the bottom to drop out of stocks...guess which of my investments sky rockets if that happens? I'll give you a hint, it's an anchor investment everyone should have.

[Clownkicker]

So what does any of that have to do with your chart that you opened this thread with? What does it have to do with your philosophical justification for your shaky investment scheme?

The chart only shows what we already know: when Presidents cause uncertainty in the markets and the world political scene, people will retreat to disaster mode. Your chart just shows people have been anticipating the crappy results of Trump's administration now coming to pass. They just thought it would happen sooner.

"Any number of things could happen from natural to man made disasters like Sanders or Warren getting elected that would cause the bottom to drop out of stocks..."-RealTool

If anything, those buying gold now are reacting to the possibility that Trump might be reelected.

[RealJustme]

Any number of things could happen from natural to man made disasters like Sanders or Warren getting elected that would cause the bottom to drop out of stocks

Exactly!

[Clownkicker]

Wow, RealTool is agreeing with himself.

What a dummy.

[elklindo69]

Here’s some classic Munger wisdom on ‘gold’ as an investment: “I think gold is a great thing to sow into your garments if you’re a Jewish family in Vienna in 1939 but, I think civilized people don’t buy gold, they invest in productive businesses.”

At Berkshire's 2018 annual meeting, Buffett compared $10,000 invested in stocks and gold in 1942 (the first year he invested in stocks). That money invested in an S&P 500 index fund (there were none at the time, he noted) would've been worth $51 million in 2018 while a gold investment would've been worth only $400,000. "In other words, for every dollar you could have made in American business, you'd have less than a penny of gain by buying into a store of value which people tell you to run to every time you get scared by the headlines," he said. And in his 2011 letter, Buffett noted that for $9.6 trillion you could buy "pile a" — all of the gold in the world, or "pile b" — the entire US cropland (400 million acres) plus 16 ExxonMobils and still have another $1 trillion left over. "Admittedly, when people a century from now are fearful, it's likely many will still rush to gold," he wrote. "I'm confident, however, that the $9.6 trillion current valuation of pile A will compound over the century at a rate far inferior to that achieved by pile B."

[RealJustme]

Clown, Buffett has over 21% of his savings invested in gold and precious metals, so he agrees with me on diversity of investments.

[Clownkicker]

Wow, so Buffet believes Trump is going to bring down the global economy.

Thanks for the heads up, Tool.

[RealJustme]

Wow, so Buffet believes Trump is going to bring down the global economy.

Clown if you ever come into any money, I highly recommend you hire a financial advisor before you attempt to invest any of it.

[Clownkicker]

Tool, I hope your father isn't still alive to see you piss away his life's work by investing everything in Partisan Hate Retirement Systems Fund for Partisan Dimwits.

[RealJustme]

Tool, I hope your father isn't still alive

Clown, wishing that a relative of our board is dead is a new low, even for you. Seek help for your hate of those who express a different view than yours.

[Clownkicker]

Tool, hoping your father isn't suffering watching his idiot son destroy his legacy is not the same thing as "wishing" him dead.

But you pretending it is is a new low, even for you. Seek help for your hate of those who express their views in literate English.

ESL classes, Tool, ESL classes.

[elklindo69]

Clown, Buffett has over 21% of his savings invested in gold and precious metals, so he agrees with me on diversity of investments.

Nearly 100% of Buffett's net worth is in Berkshire Hathaway.

If you make up bullshit...at least make it good bullshit..........

LMFAO

[johnforbes]

But Elkin, surely you know that Berkshire is now -- and has for decades been -- a holding company.

Also, Berkshire has investment arms managed by people who may take Warren's place upon his demise.

If you actually delve into Berkshire, then you would realize it invests in many, many things, and that is because Warren formed his original partnerships not to own business endeavors directly, but to invest in stocks and bonds and precious metals und so weiter.

[RealJustme]

Nearly 100% of Buffett's net worth is in Berkshire Hathaway.

And your point?