"Use your feelings, Luke. Join me, and we will rule Commodities together as father and son."
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 10/15/2010 9:54:44 PM PDT by FromLori
Love his soundtracks, especially the Star Wars series.
One can’t work without the other.
Gold went up like a rocket when Carter was President because of inflation. It hits all time highs today for the same reason. The fed is cranking up the printing press. No one want's to say inflation but that is what is happening.
Interestingly, the USD has fallen against most Asian currencies by 4-5% over that same period. Probably easy to get "euphoria" over a rise in the DJIA because the currency it's based on is being devalued...
Once something becomes common knowledge for us little folk, the bubble is on its way to bursting. I'm actually wondering if maybe I should sell a few small gold trinkets that are bent and useless. It's not a lot, but at the prices now, it might be spending money for a few weeks.
What about parsley and sage? Can’t very well go to Scarborough Fair without them...
I'd keep it in FDIC bank CDs, no more than $100,000 each bank. And I'd keep her out of it as long as possible, until interest rates go up. But I'm overly cautious.
You really want to protect her and you? Move her in with you.
My mother in law is in a similar situation except she’s in reasonably good health. She has a small nest egg that used to provide enough interest/ROI for her living expenses. Now she’s living off of the nest egg itself. I was worried about that at first, but she’s in her 90s. As she explained, it’s not like she has to live off it for 20 - 30 years, and all of her children/grandchildren are financially independent. What if she runs out of money before she dies? That’s where family comes in. We will do whatever is necessary when and if that time comes.
The rates on $100,000 CDs are abysmal.
"Use your feelings, Luke. Join me, and we will rule Commodities together as father and son."
Been meaning to say glad to see you back in force on the subject Lori! Thought you dropped out on us there for a while...
For us small savers, they're non-existant. If I decide to stop working my supplemental income job, the answer is just going to be to not spend money until interest rates go up.
I'm up tonight at least partially because I'm heartsick. Today, I was at a school where there are a few teachers who are over 55, and had a career change to education when the layoff situation in private businesses started....it's over ten years ago now. It's a tough school. Three of them, good people, actually said they're pretty sure the job will kill them. They're to young to get their small amount of social security, and they'll never see a teacher pension. If they take a year off, they'll never be rehired...they know that.
One can't help but wonder if the system is trying to force them out by putting them in the most challenging schools. These are good people, who deserve better. The thing is, they're good teachers, the kind who know when all of these new initiatives and plans just aren't working.
I agree.... lots of it encased in brass.
LLS
I wish I could tell you it’s going to get better, but who can predict the future? I think we’re all agreed here that the country is on the wrong path, but changing course isn’t likely to be painless. On the other hand, not changing is probably going to be much worse. Good people will find a way through it like they always do.
The only time you give up is when you die. Not before. And maybe not even then because what you do survives even after death.
It is the only way the government can deal with trillion dollar deficits.
This is going to get ugly I think. Not that it isn't already. I am old enough to rember Jimmy Carter and this is much worse.
X
As opposed to the gradual and polite selloffs we usually see. And keep pushing rare metals. Pretty soon it’ll be trapped juan the miner stories daily. These “miners” are gold bugs digging around in century old holes because of the current gold mania. Hardly worthy of our oohs and ahhs.
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