Ah, OK got ya.
The Doomsday scenario I was referring to is the apocalyptic, end of the world, mother of all economic crashes type of thing that some “doomsayers” like to tout. In various versions of the doomsday scenario the banks in the U.S. and around the world all collapse, inflation spikes by 1000%+, and generally gold and guns become the only option for survival. Basically the economic equivalent of MAD from the cold war era.
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For what it is worth, it is interesting to note that Tom Gardner, individually, recently bought AU as it is now listed under stocks that he owns. It was not listed a couple of weeks ago.
Htownrich
…and generally gold and guns become the only option for survival.
Having stock in a gold company would be of no value in such a situation nor would any other paper version of owning gold. Trying to buy a meal with gold bullion would be a bit problematic too. The suggestion I have seen that was the least nonsensical was to buy lots and lots of old silver dimes. Real silver in a recognizable and negotiable amount.
Having stock in a gold company would be of no value in such a situation nor would any other paper version of owning gold. Trying to buy a meal with gold bullion would be a bit problematic too. The suggestion I have seen that was the least nonsensical was to buy lots and lots of old silver dimes. Real silver in a recognizable and negotiable amount.
I am thinking when it gets bad, the guy with the box car full of toilet paper will be the one that is a hit with the ladies.
Cheers
Qazulight
The market produced decades of dead money from about 1985, even if you were really kind and included dividends and inflation. Let’s hope we don’t enjoy the same experience.
streina, What ARE you talking about. From 1989, my portfolio had a 285 bagger to the end of 2015. That’s not up 285%!..That’s up 285 TIMES! I’ve been retired and living on what I make since 1996 (that’s 20 years!) You call that decades of dead money?
Saul
PS - And just for curiosity I checked out the S&P 500. It finished 1985 at 200. It’s now at 2000. And that doesn’t include 30 years of dividends compounded. “Decades of dead money?” You must be dreaming.
Saul,
He’s talking about the Japanese market: https://en.wikipedia.org/wiki/TOPIX
It’s up 40% since 1985 and the highest it has ever been was 60% last year. That is an equivalent of 2% annualized. Dividends would make it better but the inflation cancels that out. So you are left with zero after 20 years of investing.
From 1989, my portfolio had a 285 bagger to the end of 2015.
CAGR = 24% (If no new money was added)
the S&P 500. It finished 1985 at 200. It’s now at 2000. And that doesn’t include 30 years of dividends compounded.
CAGR = 7.7%
Denny Schlesinger
I am thinking when it gets bad, the guy with the box car full of toilet paper will be the one that is a hit with the ladies.
Thanks for the chuckle!
Denny Schlesinger