Originally Posted by
olddude
You may well be correct on the details but. it doesn't take a math wiz to figure out $35 dollar gold is now $1700, and a nickle candy bar is now $1.25. sooo which would you have rather burred in the back yard 50 years ago ?
50 years ago would have been a perfect time to invest in stocks (or buying a house in a decent area of the country) not for burrying cash (coin or paper) in the back yard. Sure a candy bar might have cost $.05 but you were not making the same wages as you are today (wages peaked in the 1970's for most jobs). The country was growing, all kind of industries we take for granted now were just starting up, and good investments were easy to find. These days the economy is shrinking, nothing of value is coming down the road to invest in, and people with money just want something to invest in to keep what they have (and mostly in Asia where their currency is still suspect). Tossing a couple krugerands under the matress won't help the average man or woman much these days, it didn't the last time gold peaked either.
When everyone is advertising for you to invest in gold and silver you know thats the time to get out of it. It is a good time to be in
e-waste (until all the old 486/PPro/US made telecom and motherboards are recycled anyway). You are better off paying off debt and spending LESS then you make, worked for my parents generation anyway.
People seem to have a fascination for those days like they were the best of the world. Sure people could graduate highschool and walk down to the steel mills and get a good paying job same day, but they also died young with broken bodies because of the work and lack of modern medicine.
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