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Originally Posted by SUBMAN1
Just so you have numbers to compare here - $400 between 1995 to present. Gold went from $400 to $900 since 1995. If you found yourself a decent Mutual fund at 14% for the same period for your $400 and didn't touch it, your money would be worth about $2,200 in the same period.
This means I would outperform you by $1,100 to your $0 in the same period.
Gold is pathetic.
-S
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Read again what I said on "reserve for emergnecy", and "investement". when your econmic sytem or the fiannce markets seriously collapses, you eventually will get one pound of butter for your hundred thoiusand buck investements and shares. but gold in such times always had remained some considerable value - more than printed money or shares.
Investements are a gamble, and a lot of private investors have lost more money in the recent two months than they have won in the past ten years. More than 200 billion dollars have been vaporized, disappeared, vanished, are gone, are lost. Several hundred billion more will follow in the next six months. Banks are still hesitent to admit to what degree they are affected by having lost billions and dozens of billions by investing in foul US credits, hoping for cheap and quiock profits. There will be many more confessions in the months to come, and shocking losses. Yes, stock markets are fun and are exciting, invest, people, invest into the ride of your life! If you are ruined at the end, never mind - at least you had some fun.
And i also made ethical arguments in the past, and indicated them shortly here again. If you demand a company to pay you a regular reward for nothign else than to lend a certain ammount of money, and then workers there must work all their life just to mplease their "owner", then this is not good or right or just or fair. It is parasitic behavior, and a modern interpretation and hiding strategy of slavery-like dependency.
and in the modern present, it is even worse: hedge fonds, amongst other investement fonds, mercylessly ruin healthy companies by making them to pick up credits even if they are not needed, take the income from these as profit, and then sell the whole company, leaving behind a once healthy company that now is a ruin and must be compensated by foreign taxes. This has become an pandemic plague worldwide. Also, investment fonds specialise in buying debt contracts from banks were a houseowner for example has signed a credit contract over let's say 20 years, and then demand him to pay back the leased money immediately instead paying back in rates over the remaining let's say 15 years. Many people cannot do that (that's why the took a credit...), and loose their house and /or company, with enormous and ruinous consequences from which families often never recover, and a total loss of past investements anyway. Again, this has become a major plague - and we are even just at the beginning. In germany, currently 60 such finds are operating. around 450 plan to become active soon, and 2000 others are slowly rallying at the starting line.
no concern for you. Most important is that you get your investement profits althoug not moving the smallest finger for it and do not any work yourself - yu let others work for you, and they must even pay for that priilege. Manna from heaven, that's how you see it. Sucking blood and leave the corpus behind - that's how i see it.
In Islam, such business methods are simply forbidden: no interest deals. One of the extremely rare opportunities when I agree with Islam on something. If going into it en detail I could argue that you also will not get support for such business from Jesus' or buddha's teachings. but for capitalistic materialists rejecting any non-material value, that is no concern, of course.
In two finance conferences last year, it were the US in both cases that prevented any international control and cutting back of hedge fonds, and prvented any counter c ontrol to this criminal, unethical, inhumane practices. Becasue the vast amjority of such investement banks - come from america, and so the system means damage for others, and profits for the US. No matter how the profit gets raised.
Quick profit, no matter at what cost, no matter how m peopple pay for it with their existence. - That is so stinking poor.