Also makes a difference on whether a margined account. From lessons at the University of speculation, a 10 % move on a $1,000,000 investment is 50 % pain/gain when you only have $15,000 posted as margin. Lesson 1 in a futures trading course is the impact of leverage on your money.
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Math challenged this am. Should have been initial margin of $150,000 - not $15,000. If you had posted the $15,000, you would have had close to a 700 % return on your money (gain) or a visit from Guito or Luigi from your local loan sharking business (pain).
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cottonpicken: Come work for our Alberta government. Our Minister in charge of the Treasury Board...Lloyd Snelgrove who just happens to be our MLA just announced that there will a "shortfall" in our Heritage Trust fund AGAIN. This idiotic government through their incompetent investors keep exposing OUR money to the ups and downs of the freakin stock market. I say if they are going to throw our money away gambling, they would be better off investing in bridges, highways, schools, hospitals and museums, or other infrastructure projects. At least the money is not lost to some faceless, soulless profiteer in another jurisdiction.
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Yuck,yuck,yuck checking.
Where would any pension,hedge or government
fund be it if had been in silver?
Answer:at the top
I'll bury you in info.
Is it going to zero?
Answer:yes it is,the paper notes and digits will
increase there buying power just like the past 60
straight days(?),the spectre of the 90 year time
frame of a 96% loss should not be considered,this
would be foolish,savers ,pensioners and fixed
income earners will be saved at the demise of the
top income earners who's wide spread wealth is
mostly in tangible assets.Also this is how the
mountain of debt will be paid off-by more
expensive money because there is less of it.Just
because this leaves us with the simple fact that ALL
federal,provincial and municipal governments will
be bankrupt.WHY?you ask,because most individuals
and small business will also be bankrupt and thus
will create a declining tax base.
And don't get me started on reserve requirements
and banks.
It is a death spiral.
Don't think about what you see out your front door.
The only time in history our wages would by legion
of roman soldiers based on the denarius,and
nobody has noticed.
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checking: A few years ago the people in charge of investing money from the Heritage Trust Fund lost billions of dollars but instead being FIRED they go very generous bonuses...its the ALBERTA government's way of conducting its business apparently. Hard to believe that they have been in power for the last forty freakin years.
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The educated elite, in bith government and the
private sector, have provided continuous reckless
leadership, offen driven soley by self interest, and
a vision lacking wisdom.
In agriculture, the Canadian government borrows
money to provide grant money for research to
produce more and more and more of the
unaffordable for the buyers who borrow to buy.
Farmers borrow more and more $ so they can
produce more of the unaffordable, yes we do, as
well as fund research to grow more bushels.
Bankruptcy has become a routine tool to
abandon responsibility. Self-reliance is derided in
order to justify begging to government.
Governments and industry apply their well used
tactic of pitting farmers one against the other
In the 30's, it was the taxes that got farmers by
the throat. So many of them walked away from
their farms, I'm told.
Have we learned anything at all from the past?
pars
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Wilagro.
Rewarding the titled "expert" economist is as you say, and one of the conclusions of this particular program.
Chimps throwing darts at charts to pick winners performed better than experts. Street cleaners made better picks than experts. Yet we flock to experts for their use of a forty word vocabulary that the public chumps don't use in their working lives. Experts are all showmanship, dressed to the part, blinged up, and displayers and users of all things we consider that represent success. Apparently, it also helps if the expert is tall. Parsley, is your friend tall! (lol)
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Is there correlation between size and wisdom? I
realize P.E.T. was short and wore sandals and
snazzy ties, but he had Cuba-vision which
inevitably results in doling out daily bean rations.
But then Schwartzenagger is a tall governor who
exhibits the wisdom of a turkey on steroids. Are
you an Arnie or a Pierre, checking? lol. Pars
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