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06-17-2010, 01:34 PM
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Administrator
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Join Date: May 2007
Posts: 1,943
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Gold at $1248
Damn, wish I had some fillings to sell or something...
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06-17-2010, 01:41 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,909
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In keeping with my "buy high, sell low" philosophy, it's time to go all in.
__________________
As long as the roots are not severed, all will be well in the garden.
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06-17-2010, 03:41 PM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Quote:
Originally Posted by finnbow
In keeping with my "buy high, sell low" philosophy, it's time to go all in.
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Want me to line you up with some asset managers?
The best one I've heard was in a newsletter from State Farm, right after they had just lost 50% of my investment with them.
They stated, "Even professional investors are having a difficult time now."
I was so filled with confidence.
Chas
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06-17-2010, 06:09 PM
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Abby Normal
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Join Date: May 2009
Posts: 11,245
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I bought gold at $600 back in 1980. It was not until 2007 that I could sell it and break even. All gold is "fools gold."
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06-18-2010, 07:50 AM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Gold isn't money, it's a commodity.
Chas
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06-18-2010, 07:54 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Quote:
Originally Posted by Charles
Want me to line you up with some asset managers?
The best one I've heard was in a newsletter from State Farm, right after they had just lost 50% of my investment with them.
They stated, "Even professional investors are having a difficult time now."
I was so filled with confidence.
Chas
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Got news for you, Smith Barney is no better. All these high salaried investment managers, to quote from a letter to the editor in today's WashPost - "It is said that cream always rises to the top - well so does scum."
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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06-18-2010, 08:19 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,909
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Quote:
Originally Posted by merrylander
Got news for you, Smith Barney is no better. All these high salaried investment managers, to quote from a letter to the editor in today's WashPost - "It is said that cream always rises to the top - well so does scum."
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Hmmm. Smith Barney is "managing" my shekels (after they bought out Legg Mason, a local firm).
BTW Rob, your "scum" reference brings to mind a classic P.J. O'Rourke quote:
"When you looked at the Republicans, you saw the scum off the top of business. When you looked at the Democrats, you saw the scum off the top of politics. Personally, I prefer business. A businessman will steal from you directly instead of getting the IRS to do it for him. And when Republicans ruin the environment, destroy the supply of affordable housing, and wreck the industrial infrastructure, at least they make a buck off it. The Democrats just do these things for fun."
__________________
As long as the roots are not severed, all will be well in the garden.
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06-18-2010, 09:20 AM
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Senior Member
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Join Date: May 2009
Posts: 1,354
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I liked PJ's dissertation on how God is a Republican & Santa Claus is a Democrat... Santa is infinitely preferable to God on most accounts, but there's just one small, teeny-tiny problem-There ain't no such thing as Santy Claus...
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06-18-2010, 10:27 AM
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Senior Member
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Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
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Quote:
Originally Posted by Sandy G
... Santa is infinitely preferable to God on most accounts, but there's just one small, teeny-tiny problem-There ain't no such thing as Santy Claus...
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And, if one's good, two is even better!
John
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Smoke me a kipper. I'll be back for breakfast.
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06-18-2010, 11:46 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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If Freidman is for it I am agin it.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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