'The Irony Is Delicious..'

potroastV2

potroastV2

Well-Known Member
Fogdog said:
Some say the lottery is a tax on people who can't do math. Others say the lottery is a tax on stupid. Either explains your silly idea that candidates' votes are lumped together to calculate popular votes. If you want to take that idiotic idea further, let's throw in the non voters or 44.4% of the electorate as of 11/10. This means that Clinton won 26.4% and Trump won 26.3% of the electorate's vote.

Or you can take a look at Powerball's odds for winning the lottery, which is 1 in 292 million. I buy a ticket when the jackpot is more than 292 million. My purchase shift odds of winning from literally no chance to virtually no chance. For some reason I'm disappointed when I don't win. :dunce:

What were we talking about?
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You've got the math for the election down pat. That was a perfect response.

About the Powerball numbers, I went to buy a ticket once, and they cost 2 dollars instead of one. So I would think that you would buy tix when the winnings are over $584 million.

LOL at "shift odds of winning from literally none to virtually none."

:mrgreen:
 
twostrokenut

twostrokenut

Well-Known Member
Fogdog said:
Other than your trailer is silver your investment thing? The term should be "speculating in silver" because that market depends on selling to a bigger fool. Market forces?
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Speculating is completely different. The value of whatever metal, silver in this case remains pretty constant. Plumbers and bullet makers need so much copper, Tech and Med industry needs so much silver ect. Look at bucks "bubble" graph again and try and say each dip was from excess production mining or each spike from lack of physical demand.
 
Fogdog

Fogdog

Well-Known Member


Attribution: By Realterm - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=12713225

In 2011, Republicans in Congress demanded deficit reduction as part of raising the debt ceiling. The resulting contention was resolved on 2 August 2011 by the Budget Control Act of 2011.

Then the first few months of 2011, Moody's and S&P downgraded the outlook on US finances. This was a major shock to the financial world; that's when silver climbed to $50. On 5 August 2011, S&P issued the first ever downgrade in the federal government's credit rating, citing their April warnings, the difficulty of bridging the parties and that the resulting agreement fell well short of the hoped-for comprehensive 'grand bargain'.[27] The credit downgrade and debt ceiling debacle contributed to the Dow Jones Industrial Average falling nearly 2,000 points in late July and August. Following the downgrade itself, the DJIA had one of its worst days in history and fell 635 points on August 8.[28]

Then as it became likely that U.S. Secretary of Treasury Timothy Geithner would order the treasury to use extraordinary measures to delay the crisis, silver settled back at $35. As the debacle continued during the summer, silver moved in the range of $33 to $43.

As it became clear that the "financial apocalypse" would be delayed by late summer, people dumped silver commodities and moved back into U.S. equities. The price of silver quickly went back the level of the "new normal" of around $30.
source: https://en.wikipedia.org/wiki/Silver_as_an_investment

The market gyrations in 2011 were completely driven by fear and hedging risk. It had nothing to do with underlying rate of consumption and production. I recall that time as a difficult one for electronics manufacturers because price was so far out of whack from tangible market drivers. That price increase was entirely driven by speculation about future inflation and price rises that never occurred. So, yeah, totally bubble.

Even today, silver reserves are growing, with about 520,000 tons in reserve. World wide use of silver is about 3100 tons per year. The silver market is not behaving like a typical commodity. Price can be totally affected if not manipulated by people holding those reserves.
 
twostrokenut

twostrokenut

Well-Known Member
Wow 520,000 tons in reserve. I suppose it will be a million tons in a month or so. Now tell me how many tons beyond the reserve are currently purchased at market. Because this is the driver, much more than the few that hold actual reserves.

The CPI, I expected more from you. In 1913 the Morgan Dollar and the Federal Reserve note were 1:1. Adjust the Note for inflation or for bra size or any other adjustment doesn't change the fact it takes more Notes to buy Dollars here in 2016.

@Fogdog do you have a graph of what interest rates are adjusted for inflation? That would be a good one too.
 
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twostrokenut

twostrokenut

Well-Known Member
UncleBuck said:
am i getting lectured on financial matters by a trailer dweller who is below the poverty line?
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No lecture. I feel you are gambling much more than I. You invest in the stock market through your 401k and I like stable insurance and metals.

More power to you.

I like liquidity and not being told how old to be, you don't. I wish you well.

Given your recent history of losing bets I think gambling is just not for you since you have a propensity for losing.
 
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twostrokenut

twostrokenut

Well-Known Member
Ah yes. The 1% real estate mogul that can't afford to pay off his primary residence. Listen up yall this dude has it all figured out.
 
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