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AndyIgo

3,971 Posts.

185

22/04/16

16:26

Post #: 17581517

Originally posted by Skol ↑

Hi Andy,

We're not talking about the dollar, we're talking about the Dow, 2 totally different animals. I don't keep my money in cash, so what dollars or rupees or another currency does is neither here nor there.

Gold and silver are looking very precarious at the moment and while you like to mention Enron I could mention dozens of gold penny dreadfuls that have tanked costing their 'investors' millions and sometime billions.

I suppose I could start with Glenn Beck, but I've already done that to death before, but it just goes to show that there's always plenty of suckers out there who lose their money trying to make a quick buck.

I attended a property seminar in the 1970's that got me interested, it stood me in very good stead, the presenter who's still doing it, told the assembled throng, "don't try to get rich quick, get rich slowly".

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Hi Biggle’s and all.

I’m not so sure the DOW or other markets are disconnected from the dollar.

Let’s talk about a stock you claim to hold CBA I assume you bought it with dollar notes say you handed over 90 of them back whenever and if you wanted to sell them today you would only get 74 of them back. Where is the disconnect between the stock market and paper money?

https://www.commbank.com.au/about-us/shareholders/managing-your-shares/share-price-graph.html

I said the other day property has been a terrific tool since 1970 for increasing peoples belief that they were growing wealthy and it will do so once again at some point in the future but for now it’s clagged with a big over supply and lack of willing buyers.

I see NZ rents are also dropping due to an oversupply don’t you read the papers?

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https://www.realestateinvestar.com....0&tier=3&nid=8F23DDE7B5B049CFB786F82117DAF3CB

Cheers and very best regards: Andy