Discussing Ted Cruz, birth in Canada to a Cuban father and an American mother.
When asked if he qualifies to run for president one Tea Party genius replies she doesn’t consider Canada foreign soil, it just the way she feels.
So Canada not foreign, Hawaii foreign.
Brilliant!
But, if that happens, there is no longer any market in gold . . . you can’t spend it . . . you can’t sell it . . . you can’t take it to a jeweler to make into rings . . . you can’t eat it . . . so what’s the point of having any?
Oh, it’s completely batshit crazy.
The irony there is, the only reason FDR needed to do that was because we were still on the gold standard, and there wasn’t enough gold in circulation to back the amount of currency we needed to print. The only way Obama would ever care about taking everyone’s gold is if the goldbugs got their way and we went back on the standard.
For buying things on the black market after the UN takes over the government. Duh.
Acapulco Gold is subject to the deterioration of any vegetable matter, and is therefore a poor choice for the prudent investor.
Yeah, but I’m pretty sure I saw Obama come into my house and confiscate mine…or maybe Dave just looks like Obama sometimes…and maybe Dave took it with him when he left the room. Oh…Dave wasn’t here, so maybe I just forgot where I put it down. Or maybe I forgot to buy some.
Damn you, Obama!
Right, but if you can get seeds, you can make more of it.
There’s also the problem of arson…
For personal finances, buying gold looks like an extremely foolish idea to me, but, I admit, I am not a financial adviser.
First off, don’t think of gold as a commodity. Think of it as just another foreign currency, That’s what most of the world does. If you do that you might consider buying, say, Swiss common stocks. Such stocks would serve the same inflation hedge against the US dollar as gold and are better to own, IMO.
Second, gold does not pay dividends or interest. In fact, storing it can cost the investor.
Historically, it just does not compare well to common stocks.
Investing in solid, boring, companies like MMM, PG, or JNJ would have made you 50 or a 100 times more over the last 35+ years.
MMM: The adjusted closing price Feb 28, 1980 was $2.59. Price Feb 27, 2015 was $168.65.
JNJ: The adjusted closing price Feb 28, 1980 was $0.67. Price Feb 27, 2015 was $102.51.
PG: The adjusted closing price Feb 28, 1980 was $0.86. Price Feb 27, 2015 was $85.13.
Those increases ignore the very substantial benefits of dividends for those stocks. MMM paid $3.42 / share in 2014. JNJ paid $2.64, and P&G paid $2.57. Gold paid zero, nada, ziltch. And if you stored it somewhere safe, you had to pay extra for that too.
Gold was left in the dust by those stodgy stocks. From Feb 28, 1980 to today gold is only up about 3X. Gold finished Feb 27 at 1,213.70.
And those aren’t sexy stocks, they’re steady, good companies, but they’re not Apple.
I’m not saying to avoid gold. I am saying keep it to a minimum. Maybe buy some nice pretty gold coins from the US Mint, if you must.
The rain in Maine is piped mainly through the plains.
clap clap clap
Well done!
…as a sociopath.
Ben Carson, MD is amongst the very stupidest sacks of shit the current GOP can offer.
I was trying to envision a scenario in which Roy Moore is forced to give his life to stop gay marriage and now I’m trying not to.
I’m going to give a pass to any idea, no matter how hare-brained, that involves taking the metric shit-ton of precipitation that’s fallen on the Eastern seaboard and get it to California, where it hasn’t rained in 5 years.
(Slight exaggeration, but things are indeed dire here.)
California attorney proposes a ballot initiative to make sodomy a capital offence.
There have been some pretty silly initiatives but this is a new low. :mad:
I hope he runs. If I say his name three times will he run?
So, Cruz says the world is on fire (in the bad way, I guess), and one of his likely sparring partners is a guy whose name ends in “-arson”?