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0 pointsverisimi4y ago0 comments

Do you think that society is more coherent now, after the past 2 years? Are things improving or are the wheels coming off? The Canadian government was freezing people's bank accounts like they are North Korea, and most cheer this on? With Russia going to war? Etc etc.

If you had bought gold 7 years ago, you would have doubled its value.

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PragmaticPulp4y ago

Turn off the news and step outside to interact with real people. The situation is much nicer when you’re not letting a 24/7 stream of news and hot takes teleport your attention to whatever the worst event in the entire world happens to be at the current moment.

> If you had bought gold 7 years ago, you would have doubled its value.

And you would have made the wrong investment choice, because the stock market outperformed gold.

Gold has a reputation as a great inflation hedge but it hasn’t really lived up to that reputation at all in recent history.

verisimiOP4y ago

> Turn off the news and step outside to interact with real people. The situation is much nicer when you’re not letting a 24/7 stream of news and hot takes teleport your attention to whatever the worst event in the entire world happens to be at the current moment.

I go outside a lot. I don't watch the news, I watch people. Have you seen people in the past 2 years? Do you think they are acting normally? Were they always insane?

Do you also think that there is a planned reset going on? One that involves us moving to technocracy? With govcoins (aka UBI), bio-medical-security-id, energy rationing, etc.

Does the stock market meaningfully relate to reality? Does crypto? Did you know that Western governments have the ability to seize people's wealth from their banks, like in Canada?

My view is that the preppers sounded crazy then to me, but sound a lot less now. I reckon in 5 years time, they will appear to be modern sages.

UncleMeat4y ago

> If you had bought gold 7 years ago, you would have doubled its value.

Over five years VTI is up 77% vs gold at 54%. VTI is up over 100% since Jan 2015. GLD is only up 45%.

jcims4y ago

Re-read the first four words. This is a description of the public perception, and it was spot on then and is largely still true now. (Add in some racist/white nationalist overtones, they seem to have been layered into the persona as well)

j / k navigate · click thread line to collapse

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PragmaticPulp4y ago

> If you had bought gold 7 years ago, you would have doubled its value.

And you would have made the wrong investment choice, because the stock market outperformed gold.

Gold has a reputation as a great inflation hedge but it hasn’t really lived up to that reputation at all in recent history.

verisimiOP4y ago

I go outside a lot. I don't watch the news, I watch people. Have you seen people in the past 2 years? Do you think they are acting normally? Were they always insane?

Do you also think that there is a planned reset going on? One that involves us moving to technocracy? With govcoins (aka UBI), bio-medical-security-id, energy rationing, etc.

Does the stock market meaningfully relate to reality? Does crypto? Did you know that Western governments have the ability to seize people's wealth from their banks, like in Canada?

My view is that the preppers sounded crazy then to me, but sound a lot less now. I reckon in 5 years time, they will appear to be modern sages.

UncleMeat4y ago

> If you had bought gold 7 years ago, you would have doubled its value.

Over five years VTI is up 77% vs gold at 54%. VTI is up over 100% since Jan 2015. GLD is only up 45%.

jcims4y ago

j / k navigate · click thread line to collapse