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Old 04-01-2010, 09:24 PM
 
6,734 posts, read 9,340,799 times
Reputation: 1857

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Quote:
Originally Posted by kentuckydad95 View Post
Ahh the jealousy run rampant. I work hard for my money and the money I pay into my retirement fund. Don't hate me because your retirement fund is a total POS. Sure, I could invest in American corporations, but I really want to retire someday. 100% into international baby!!!
International is the way to go. Well, for anybody who has a good money man or a vision.
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Old 04-01-2010, 09:31 PM
 
418 posts, read 487,757 times
Reputation: 149
Quote:
Originally Posted by kentuckydad95 View Post
Ahh the jealousy run rampant. I work hard for my money and the money I pay into my retirement fund. Don't hate me because your retirement fund is a total POS. Sure, I could invest in American corporations, but I really want to retire someday. 100% into international baby!!!
If anything you are a better American than these fools. You are at least bringing some of that money BACK to the states.
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Old 04-01-2010, 09:40 PM
 
15,089 posts, read 8,631,560 times
Reputation: 7431
Quote:
Originally Posted by kentuckydad95 View Post
Ahh the jealousy run rampant. I work hard for my money and the money I pay into my retirement fund. Don't hate me because your retirement fund is a total POS. Sure, I could invest in American corporations, but I really want to retire someday. 100% into international baby!!!
Don't worry, you won't see a dime of it. If it isn't in gold, and it's not in your possession, you'll see.

You might want to read about the Weimar Republic and what happened to the papiermark, which traded at 4 per US Dollar, and ended up 1,000,000 to the dollar.

Lots of people raked in some huge profits leading to the collapse .. and overnight, ALL of their investments were totally worthless.

You'll see ... I just wish I could get a picture of you balling like a baby.
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Old 04-01-2010, 09:44 PM
 
2,023 posts, read 5,312,708 times
Reputation: 2004
Blame the privately owned Federal Reserve and the vampire squid/New york club for the high oil prices.
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Old 04-01-2010, 10:07 PM
 
418 posts, read 487,757 times
Reputation: 149
Quote:
Originally Posted by GuyNTexas View Post
Don't worry, you won't see a dime of it. If it isn't in gold, and it's not in your possession, you'll see.

You might want to read about the Weimar Republic and what happened to the papiermark, which traded at 4 per US Dollar, and ended up 1,000,000 to the dollar.

Lots of people raked in some huge profits leading to the collapse .. and overnight, ALL of their investments were totally worthless.

You'll see ... I just wish I could get a picture of you balling like a baby.
In this scenario, anybody holding dollars will crash and burn. Those holding hard assets like commodities will do just fine. By comparison, gold really isn't a great investment. Sure it will help you preserve wealth, but there are plenty of undervalued foreign markets that offer much better investments.
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Old 04-01-2010, 10:18 PM
 
3,219 posts, read 6,581,432 times
Reputation: 1852
OP - If OIL prices go wayyyyyyyyyyyyy wayyyyyyyyyyyyyyyyyyyy UP:

How will you like your boiled old shoe leather?

When prices for goods go outer space high your money won't really be worth the paper it's printed on.

Keep a watchful eye on your "things" as they'll be high theft rate.
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Old 04-01-2010, 11:11 PM
 
760 posts, read 1,271,481 times
Reputation: 334
Quote:
Originally Posted by kentuckydad95 View Post
The more the price of oil goes up, the better my retirement fund grows. C'mon baby...climb to $200/bbl.
As the price of everything else will go up as well. When companies have to spend an extra million to transport goods to you because of higher oil prices, they will raise their prices.
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Old 04-02-2010, 06:41 AM
 
Location: Somewhere in Kentucky
3,791 posts, read 8,899,490 times
Reputation: 2448
Quote:
Originally Posted by JoeyPants View Post
As the price of everything else will go up as well. When companies have to spend an extra million to transport goods to you because of higher oil prices, they will raise their prices.
You see, the prices went up last time when oil climbed high. I did just fine then and would do just fine if it hit $200/bbl.

As far as gold, silver, palladium or whatever. I have some of that too. Not as much as i'd like, but some nonetheless.
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Old 04-02-2010, 08:32 AM
 
1,364 posts, read 2,917,112 times
Reputation: 813
I think the issue here is coming online and gloating about it when many people are struggling to survive. You invested well.....fine. You are going to rub it in everybody's noses and wish that prices skyrocket to further hurt struggling people......selfish. I'm sure you can survive on how things are now for you. Greed is the most destructive element in this world.
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Old 04-02-2010, 08:34 AM
 
Location: Fort Worth Texas
12,481 posts, read 10,221,813 times
Reputation: 2536
Quote:
Originally Posted by kentuckydad95 View Post
The more the price of oil goes up, the better my retirement fund grows. C'mon baby...climb to $200/bbl.
is it still bushes fault on the price of oil?
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