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    #16
    My Kids RESP's that are locked in the mutual funds are still not breaking even, i am supposedly in high gain high risk. 8 years later. Check any stocks for the last 8 years and tell yourself why my mutuals are not performing. i do not knwo what or where my mutuals are invested, they could be invested in a half percent savings for all I know.

    Comment


      #17
      NO<NO<NO<NO
      wheat prices skyrocketed because the gold standard was abandoned by nixon
      which took gold from 35 dollars to over 800,the rest of the commodity
      complex HAD to follow,which it did.

      People who a thing or two about money put their money into tangibles

      When volckner stepped in and said enough is enough i'm going to stop this
      train wreck he jacked rates to over 18%.

      People who know a thing or two about money piled into bonds.

      Inflation was stopped but it almost killed us to take our medicine.

      Fast forward to today-rates are being held under by qe.

      Nobody is showing up at the bond auctions so the government has too buy
      them,aka "monetizing the debt"

      There is no point talking about canada we are to small to matter but in a side
      note carney and company have no trouble selling our bonds because of our
      relative safety...i use relative loosely,we are still screwed.

      If you want to take a trip down memory lane and 4 dollar wheat,don't forget
      to think about the purchasing power back then

      My gold wheat ratio chart shows about a 50 to 1in 1975,which means we
      would be around 35 dollars today,soybeans 25 ish to 1.

      Will wheat hit 35 dollars?

      I quarantee it.

      Comment


        #18
        What is the scoop on China lately, they are in a slump apparently only growing at 9.8 pecent per year.

        Comment


          #19
          Hopper, I'd check out the fee structure on your
          RESPs. My guess is that they take the cream. You
          might even be better off investing in low yielding
          guaranteed investments.
          Cott - are you saying the laws of supply and
          demand don't function and scarcity of resources
          don't influence economies. I agree with most of
          what you say but call 'bullshit' on the first one. We
          had just come through a time period where farmers
          had been paid by govt not to grow wheat. I'm not
          sure I buy your theory about the gold standard
          drives food market values.

          Comment


            #20
            Hopper - something else to consider. You should
            be aware of where your MF's are invested and you
            do have the power to shuffle the deck chairs from
            time to time to manage overall benefits. I guess it
            all depends on whether you want to play a good
            game or if you want to risk being struck out
            because you're always shooting for home runs. I'm
            rated a moderate to high risk investor, have
            mutuals and others and to date have not lost
            anything, nor have I hit any home runs recently. The
            best advice I can offer is to have the services of a
            good professional in your corner. If you're lucky, it
            doesn't even cost much.

            Comment


              #21
              Oh **** I Invested in kids RESP's starting 8 years ago cause I wanted high yield. i cannot get out because of a provincial top up clause, otherwise I would self direct. I would lose the provincial grant money if I transfer to self directed. Its only like 1000 dollars but **** .

              Comment


                #22
                China-has problems,but long term it looks bright.

                Supply and demand are important when everything
                is working properly.

                But when the number of dollars circulating the
                world changes so does the value of goods and
                services.

                Now we are seeing cost push inflation,which effects
                the supply and demand.

                It doesn't matter if its pigs or gold,the cost
                structure(inflation) effects the pig guys business
                model,it costs more to ship,more to cut them
                up,more for the concrete,more for the
                medicine/labour etc etc,the pig guy goes broke
                there are fewer hogs,eventually an equilibrium kicks
                in and BOOM hog prices sky rocket.

                If it sounds like econ 101 its not.Monetary function
                is not discussed.

                Comment


                  #23
                  Rock if your going to consider shuffeling investments why would you be in a mutual fund? Where you do not knoow anything about your investmetn

                  Comment


                    #24
                    What mutual funds are you in?

                    And what are those funds in?

                    Comment


                      #25
                      Hopper, in my MF's I have a breakdown of every
                      individual investment and a history of their
                      performance. And I am given options to move out
                      of the pigs and speculate on better looking choices.
                      My policy though is never liquidate at a loss, break
                      even at worst. I never put a dollar in Bre-ex, Nortel,
                      Rim nor Enron. If it sounds to good to be true - it
                      is! Your RESPs sound like what I did for my kids
                      when they were born back in the 70's. There were
                      no RESPs back then but there were private
                      foundations who promised you the world. In the
                      end, we about broke even. As a balance, we bought
                      CSBs also and that's what paid the schooling. Not a
                      good option right now.
                      Cott, not sure who you are asking. I agree with what
                      you just said but now we're getting into some
                      serious macro-economics here. 35$ bus. wheat -
                      never. You overlook the influence of politicians. In
                      the 70's when inflation took off, commodity prices
                      took off and food prices grew, the Govt brought in
                      wage and price controls thanks to Beryl Plumbtree.
                      And it would happen again, because more eaters
                      vote than growers. And all politicians are about
                      getting re-elected. This really happened, and along
                      with the embargo on Russia over the Afghanistan
                      invasion (oh the irony), and it really worked. Thanks
                      for your comments, a day without learning
                      something new and important is a day completely
                      wasted.

                      Comment


                        #26
                        Cotton we will never wheat will never be $35 per
                        bushel.

                        Since the 1920's grain prices have dropped 2 % a
                        year in real terms. Farmers were able to offset that
                        by gradually increasing the size of their farm by 2%
                        or more.

                        Agriculture is the same as any commodity business
                        in the world. We have to compete with the lowest
                        priced seller of wheat in the world.

                        We may be able to differentiate our wheat from the
                        Black Sea "fire sale" wheat on gluten quality or
                        protein but the lowest price sets the base price
                        from which everyone starts from.

                        If they ever get their shit together in the baltics,
                        where they can grow a decent crop and get it to
                        market in a timely manner we are screwed.

                        North America isn't even close to the lowest cost
                        producer.

                        Comment


                          #27
                          We'll see.

                          Comment


                            #28
                            Cottonpicken; How long do you think it will take before we see 35$ wheat? If and when it does get there, I'm sure all those sucking on the Ag tit will take their share as well. Could you imagine what fert will be worth!!

                            Comment


                              #29
                              Cotton. If you see 35$ wheat in the future will it not be
                              all relative . What would a chart for fertilizer to gold
                              etc tell us. I imagine the same thing?

                              Comment


                                #30
                                Excatly the same thing,we are few years away.

                                Comment

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