Fighting 'Solar Farm' Installation

[kenmbz]

India has very little real infrastructure to build solar right now.
They have enough trouble keeping up with car/bike demand.

 

[ROUSTABOUT]

You contradict yourself on your post so many times I think you just spit the first thing that comes out of your mouth. So China is using coal and killing us and you think that we should use coal also to kill us faster? Just so we can be economically competitive? Talk about being brainwashed.

By not using the cheapest, most affordable energy available, I don't see how we can effectively compete. I heard last night that Saudi Arabia is moving away from the Petro dollar. It is forecasted to take three years. Be prepared for a down hill ride.

 

[Chewwy]

I always found it interesting that those who are touting gold and silver as excellent investments are the ones selling the gold and silver.

 

[ROUSTABOUT]

I always found it interesting that those who are touting gold and silver as excellent investments are the ones selling the gold and silver.

I don't think I have ever owned a piece of gold. I had a gold colored Timex once, but it probably wasnt real at $ 14.99 surely not. Wait, I did find an old pocket watch once, but I gave it away. Found a silver dollar once. It was minted in New Orleans, gave it away too. So I guess my precious metals run was short lived.

 

[MossRoad]

Wife and I were cleaning out our basement a few months ago, and in a box of my father's stuff I found two 1 ounce pieces of silver in a little bottle with some coins! Woo hooo!

Looked it up that day... about $21 each.

I'll keep them and pass them down to our kids for sentimental reasons.

 

[TN8Man]

China is in economic decline. I imagine in two to three years, India will be the number one producer of solar kit.

As far as a New World Order, it has always been about the United States of America, and its allies.

Everything else is nonsensical.

It has been the USA with our petrodollar but that is changing fast. BRICS is getting traction now and international trade is starting to be done without the dollar. This is China's stated goal, to be the new super power, all while the USA is heading for economic collapse.

 

[jyoutz]

It has been the USA with our petrodollar but that is changing fast. BRICS is getting traction now and international trade is starting to be done without the dollar. This is China's stated goal, to be the new super power, all while the USA is heading for economic collapse.

I’m willing to bet that China has an economic collapse, not the US. People who bet against the US seldom win that bet.

 

[tradosaurus]

I'm getting a local solar company to find out if installing solar panels will be beneficial to me.

 

[Hay Dude]

I've always like Warren Buffett

Buffett’s gold cube analogy​

To get his point across about gold in that shareholder letter, Buffett imagined owning all of the world’s gold — at the time 170,000 metric tons — melded into a cube about 68 feet per side. “Picture it fitting comfortably into a baseball infield,” he wrote.

In 2011 prices (not far off today’s value) the brick would be worth $9.6 trillion. With that money, Buffett noted, you could have also owned all 400 million acres of U.S. cropland, the entirety of Exxon Mobil (at the time the world’s most profitable company, and a stock that pays a generous dividend) 16 times and still have $1 trillion left over.

If you’re wondering what you’d rather own for the long term, think of what you’d have decades down the line, Buffett suggested.

“A century from now, the 400 million acres of farmland will have produced staggering amounts of corn, wheat, cotton, and other crops — and will continue to produce that valuable bounty whatever the currency may be,” he wrote. “Exxon Mobil will probably have delivered trillions of dollars in dividends to its owners and will also hold assets worth many more trillions (and remember you get 16 Exxons).”

Your gold cube, meanwhile, will simply continue to be a gold cube. The price of gold could be higher or lower a century from now. In the meantime, Buffett quipped, “you can fondle the cube, but it will not respond.

Central banks and China are buying tons of gold right now.
If it was such a bad investment as you say it is, why would they do that?

 

[Hay Dude]

I've always like Warren Buffett

Buffett’s gold cube analogy​

To get his point across about gold in that shareholder letter, Buffett imagined owning all of the world’s gold — at the time 170,000 metric tons — melded into a cube about 68 feet per side. “Picture it fitting comfortably into a baseball infield,” he wrote.

In 2011 prices (not far off today’s value) the brick would be worth $9.6 trillion. With that money, Buffett noted, you could have also owned all 400 million acres of U.S. cropland, the entirety of Exxon Mobil (at the time the world’s most profitable company, and a stock that pays a generous dividend) 16 times and still have $1 trillion left over.

If you’re wondering what you’d rather own for the long term, think of what you’d have decades down the line, Buffett suggested.

“A century from now, the 400 million acres of farmland will have produced staggering amounts of corn, wheat, cotton, and other crops — and will continue to produce that valuable bounty whatever the currency may be,” he wrote. “Exxon Mobil will probably have delivered trillions of dollars in dividends to its owners and will also hold assets worth many more trillions (and remember you get 16 Exxons).”

Your gold cube, meanwhile, will simply continue to be a gold cube. The price of gold could be higher or lower a century from now. In the meantime, Buffett quipped, “you can fondle the cube, but it will not respond.

I’m willing to bet the price of the gold cube will be higher. Past historical trends seem to validate that.


Since President Nixon closed the gold window in August of 1971, the price of gold has increased more than 37-fold. From a price of $40.65 at month-end August 1971, gold has risen to $1,528 today. A $1,000 investment in gold at the end of August 1971 would be worth over $37,000 today—a compounded annual return of 7.8%.

How Does Gold’s Return Compare to Stocks and Bonds?

Gold’s 7.8% return since August of 1971 compares favorably to the 7.4% return that intermediate-term U.S. Treasury securities delivered over the same time. More surprising to some is that gold has even appreciated more than stocks over this period. From August of 1971 through today, the S&P 500 index has increased at a 7.3% average annual rate. These numbers for the S&P exclude dividends and the reinvestment of dividends, but gold’s returns relative to stocks remain impressive for an asset that many consider to be the ultimate safe-haven. (emphasis mine)