Corona Virus # 3

[TnAndy]

Gold VS the stock market over 30 years. Quite the different story than gold VS the stock market in the last 15 years.

Has Gold Been a Good Investment Over the Long Term?

"Over the past 30 years, the price of gold has increased by 280%. Over the same period, the Dow Jones Industrial Average (DJIA) has gained 1,019% and the 10-year Treasury note has returned 315%.

Over the past 15 years, the price of gold has increased by 278%, roughly the same as the 30-year return. Over the same period, the DJIA increased by 173% and the 10-year Treasury note returned 65%, which are both significantly lower than their 30-year returns.
"

All true. But again, my purpose is to hold a stash of REAL money. All paper promises hold an element of risk. The markets can clearly go way up or down in a given period. 10 Treasury notes are down to 1.4%....what a deal....give the govt your currency for 10 years, and get a rate of return several points under real inflation. Nah....I'll pass.

 

[/pine]

My B.I.L. bought a Fort Knox gun safe for a Krugerrand...!

 

[pennwalk]

1)There is no cure for the common cold

Yes but the zinc compound in cold-ez has been tested to reduce the severity and duration and can reduce the number of colds people get if taken regularly.

I wonder if it would have any effect on corona viruses?

Chris

 

[pennwalk]

Has Gold Been a Good Investment Over the Long Term? Who cares, it's heavy in your hand and BEAUTIFUL. Have you seen the Youtube videos of the metal detectors when they find a gold coin? Their hands shake and some of then actually cry. The stuff is magical.

Chris

 

[Diggin It]

1)There is no cure for the common cold

Yes but the zinc compound in cold-ez has been tested to reduce the severity and duration and can reduce the number of colds people get if taken regularly.

I wonder if it would have any effect on corona viruses?

Chris

My go-to when I feel something coming on is orange juice. After 2-3 days whatever it was is no more. I don't know why. Maybe the vitamin C, maybe the sugars. Maybe just me fooling myself.

 

[edgarrian]

I buy gold and silver to hedge for that oh **** time. I also carry some cash in my safe just in case. As well as a few thousndand rounds of ammo. I do a lot of practicing so i run through about 2000 rounds a year of different ammo. I wouldn't say im a prepper but I try to be prepared. Gold is creeping back up and not that i think thats an indicator of something negative to come. I just believe when the next big recession gold will hit new highs. I would suspect around 3k. Obviously thats speculative and i have no source for my theory. Its just what I think.

 

[sd455dan]

NPR article:

A genetic analysis of viral strains from Washington state suggests that the virus has been circulating there for around six weeks,
and the outbreak might involve hundreds of people, according to Trevor Bedford, a scientist at the Fred Hutchinson Cancer Research Center in Seattle who studies virus evolution.

Increased U.S. Testing Will Reveal More Coronavirus Cases : NPR

 

[Fuddy1952]

If you went all in on anything at the wrong time, you're taking that risk. Folks that bought Dow Stocks in early 1929 didn't see a full recovery until 1954. The Nieki average hit 50,000 in the mid 80's, crashed, and has only come back to about 1/2 that today......after 40 years.

The key to buying most things is to buy a little along the way, not cherry picking a high or low point.

Years ago my wife (in 2 years 50 years [gold!] together!) bought Vanguard Wellington fund. Something interesting I was reading by the founder Walter L. Morgan said he started the fund in July, 1929. People trusted him, invested then a few months later The Great Depression hit.
All those people lost lots of money, however, all through the depression the fund still paid dividends.
The farm I grew up on grandparents next door Grandad was a physician. After WWII he said one day he got a call from Boston from Edward C. Johnson II. He said he and wife would like to stop by on their way to Florida. He was starting a new mutual fund, Fidelity Puritan fund. Grandad invested $1,000 with him, then added $1,000/year. After a time by reinvesting dividends and capital gains he was able to buy Airstream trailers, later RVs withdrawing some cap. gains.
I was with grandad when he passed in 1985. He was still in practice, still charging $10 for an office visit!
He said over time a person could invest wisely, pass that inheritance down and their children forward would never have to work.
Years ago I remember reading when Einstein was asked what he considered a true miracle he said "compound interest".
An interesting "Mayberry" episode is Mayberry goes bankrupt. The town bum is being evicted for not paying taxes. One of the few things he has is an $100 bond that's 100 years old. The problem is the interest rate is a little over 8%. The mayor says...give him his $100, not realizing compounded it's now $350,000!!!!!

 

[om21braz]

An interesting "Mayberry" episode is Mayberry goes bankrupt. The town bum is being evicted for not paying taxes. One of the few things he has is an $100 bond that's 100 years old. The problem is the interest rate is a little over 8%. The mayor says...give him his $100, not realizing compounded it's now $350,000!!!!!

"How would you like that? I'll take it in cash" Great episode!

 

[k0ua]

The coronavirus is more common in animals. It has crossed over to humans in different forms over the years. This version 鍍hey think crossed over from either a cat or dog in the Wuhan market in China. This is from the CDC website-
View attachment 643522

You really should not eat cats. Nor dogs for that matter. I know it is going to be hard to give that up for some of you, but it would be for the best .