Reply #19: none of the above [View All]

[pitohui]

everybody in our family is rock hard hatin' on reagan and bush from way back

however, that doesn't mean when my mother recently received a nice legacy that i told her to stash it in gold, look, she ain't getting any younger, i want her to enjoy herself and i think she is -- lots of travel and cruises she never got to do while younger

anyway gold is at a 25 year high, so you will just cheat your mother of some of her inheritance, buy high on panic, sell low on panic is the classic reason why virtually everyone who is not in in the industry loses money over the long term when investing in gold and other commodities (the figure they used to tell us was that 90 percent of commodities investors end up losers, it almost has to be that way because of transaction and storage fees if you think about it MATHEMATICALLY rather than with your emotions)

anyway if the world is going to fall apart and you are not going to live long enough to see it come out of the tunnel on the other side, then my advice is to live today

trying to make your mom feel sad and sort of desperate clutching at a legacy is not really the thing to do, think abt it, at some point, somebody should actually go out and enjoy the money, not just stash it in gold bricks under the bed until some generation down the line where a drug addict pops up in the family line and smokes it all

give people hope for the future, most people are not attracted to losing causes and why should they be, they need hope not fear, anyway the bushes have the fear market cornered, you can't win at that game of be afraid be v. afraid, they'll always trump you

i don't want to be a flower power type but i think you can talk honestly with your family and still be positive, esp. when something good has happened, like your mom getting a nice inheritance after god only knows what probate hassle, sure, she missed the boat on gold and euros, they're too high now, stocks are looking too high also, so maybe she should consider more conservative investments until she has had time to get used to being a woman of means, decisions abt money made in haste after reading the internet or wall street journal are almost never the right ones