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Old July 23rd, 2017, 09:37 PM   #11
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The recession cycle is three years and it has been early 2009 since the last recession and the next one will be a whopper. People will jump out of stocks and bonds and buy gold. I sold all of my gold in 2012 when gold peaked and am thinking about buying gold again while the price is still low. It's true that you can't eat gold but the precious metal is highly valued world wide. I do not recommend silver because there is too much silver.
Once bitcoin breaks 3k I'm going to dump a good chunk of it for more gold I think. I just wish there was an anonymous vault closer. It is silly IMO to keep shit like that in yor house.
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Old July 23rd, 2017, 10:12 PM   #12
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Once bitcoin breaks 3k I'm going to dump a good chunk of it for more gold I think. I just wish there was an anonymous vault closer. It is silly IMO to keep shit like that in yor house.
Kitco is where I buy and sell gold. I always had them send me the bullion to look at but I had to pay shipping costs, but Kitco will let you keep your gold on their books for a monthly fee which I am wary of doing. All of the gold that has ever been mined on planet Earth would only make a 60' cube. I think Kitco is a Canadian company and the best value are Maple Leafs which are legal tender in Canada, .9999 pure gold.
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Old July 24th, 2017, 08:36 AM   #13
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If Public pensions are in the future then I think The United States as we have known it will cease to exist. These public pensions are destroying the economy. 401ks on the other hand are simply individual saving accounts. They grow or shrink based on the investments and the economy and thus do not have a deleterious effect on the economy but rather the opposite.
401 k s are doomed. The government has already set up mechanisms to seize all private retirement funds.
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Old July 24th, 2017, 09:38 AM   #14
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401 k s are doomed. The government has already set up mechanisms to seize all private retirement funds.
It is better for all of society if it is in the hands of the state.
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Old July 24th, 2017, 11:41 AM   #15
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It is better for all of society if it is in the hands of the state.
I hope that's sarcasm.
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Old August 6th, 2017, 02:04 PM   #16
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401 k s are doomed. The government has already set up mechanisms to seize all private retirement funds.
I manage about billion dollars in 401k plans, I am unaware of any government mechanism to seize them.
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Old August 6th, 2017, 05:28 PM   #17
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I manage about billion dollars in 401k plans, I am unaware of any government mechanism to seize them.
Do you tell those people that you are a socialist? That is one of the most terrifying things I have heard in some time.


Please tell me that you are lying. I would never want someone who thinks that the state is better w/ money than the people anyplace near even the change in my couch much less future investments.

Praise kek.
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Old August 6th, 2017, 05:33 PM   #18
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I manage about billion dollars in 401k plans, I am unaware of any government mechanism to seize them.
Part of the Dodd - Frank Act.
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Old August 6th, 2017, 05:40 PM   #19
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I manage about billion dollars in 401k plans, I am unaware of any government mechanism to seize them.
Your a socialist that is steeped in capitalism. Something does not add up.
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Old August 6th, 2017, 06:56 PM   #20
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Your a socialist that is steeped in capitalism. Something does not add up.

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If anything the top tax rate should be boosted, tax cuts for wealthy individuals do nothing for the economy, except ballon the deficit, and concentrate wealth.
-goober

Don't Buy The Republican "Small Business" Tax Cut Hoax

This is from a guy who supposedly is in charge of billions of other peoples dollars?

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