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31
Blah-Blah Bar / Re: Trumpled (Alternative Leading)
Last post by ElwoodBlues1 -
While Australia is bucking the trend of falling interest rates in major nations and raising rates Donald Trump has launched "Trump Accounts". What is it and how does it work?..glad you asked...

Every newborn in the USA will receive US$1,000 from the government, deposited into an investment account, with parents acting as custodians until age 18 (all children under 18 can still establish accounts)
The money is mandated to be invested in US equity ETFs or index funds.
Families, employers and charities can contribute up to US$5,000 per year
Accounts are locked until age 18, at which point funds can be used to buy a home, pay for education, or continue saving for retirement.
Access to the money may be linked to financial literacy requirements.

Now Im not normally a fan of anything Trump says or does but this isnt a bad idea imo. Taking into account inflation and to make the amount of money significant it will require extra contributions every year but it does have merit in encouraging saving and learning about investments and might get a proportion of the population interested enough to participate in a meaningful manner.
32
Blah-Blah Bar / Re: General Discussions
Last post by DJC -
I have that model impact driver and ... it's a genuine DeWalt  :)

Those fakes are pretty convincing though.

I like Stuart's videos; they're very informative and he doesn't pull any punches.
35
Blah-Blah Bar / Re: General Discussions
Last post by Thryleon -
Quote from: LP – on
Quote from: Thryleon – on
Either that or the average punter, needs cash, and is selling their Crypto to get it, hence the fall in value.
There has been multiple multi-million or multi-billion dollar crypto heists just last year alone, why the hell would you trust it? North Korea alone, without the influence of the professional Russian crooks like Evil Corp et. al., is alleged to have racked in nearly US$3B.



Why would you trust investing in anything?

Crypto is as good as any currency lp.  Theres also scope for it to increase significantly as its supposedly finite.

37
Blah-Blah Bar / Re: Trumpled (Alternative Leading)
Last post by LP -
RedTrump is showing his true colours, launching a legal action against the US Government over leaked Tax information.

He is claiming US$10B in damages, yet his supporters keep telling everyone he is good for Joe Average, making life less expensive by telling them not to spend money. Because they will need the cash to pay the higher taxes and costs of living that come from settling his US$10B claim! ;)

Only morons would think this bloke is good for anybody except himself!
38
Blah-Blah Bar / Re: General Discussions
Last post by LP -
Quote from: Thryleon – on
Either that or the average punter, needs cash, and is selling their Crypto to get it, hence the fall in value.
There has been multiple multi-million or multi-billion dollar crypto heists just last year alone, why the hell would you trust it? North Korea alone, without the influence of the professional Russian crooks like Evil Corp et. al., is alleged to have racked in nearly US$3B.

39
Blah-Blah Bar / Re: General Discussions
Last post by Thryleon -
Im watching Crypto as a real tell for where the economy.  Ive noticed that BitCoin has quitely shed about 30 to 40% of its value in the last 6 months (was trading as high as 180 a coin, and is back to 130 a coin).  

Given its effectively a hedge against inflation (a bit like Gold, and Silver) and its falling, you would have to suggest that deflationary actions are at work.  NOTE:  use it as a guide, not as gospel.

Either that or the average punter, needs cash, and is selling their Crypto to get it, hence the fall in value.
40
Blah-Blah Bar / Re: General Discussions
Last post by ElwoodBlues1 -
Quote from: LP – on
The world media is doing it's best to scare the shizen out of mum and dad investors, claiming Gold and Silver prices are in free fall, they report the drop in $ terms because the $ number is big, For gold reporting a drop of 10% / ounce isn't as dramatic as reporting a fall of $500/ounce.

As a percentage it's nothing unusual, the problem is dressed up by the media because of the record price per ounce, they'll report a record drop in $ units for sure, but as a percetnage it's nothing unusual and has happened before. Of course panic selling takes place from small investors, the price drops, and the same coorporate Clark Kents who cried wolf are the ones buying on the cheap.

Also, an ounce isn't an ounce. Put the figures into standarised units, use $/gram or $/kilogram, because metric units are the same in every market. An ounce might be a Troy Ounce or some other Ounce, and the media is known for cherry-picking the units to maginfy the effect.
Small investors dont really move the market with Gold its Central Banks buying it in times of uncertainty as a hedge  and thats why Donald Trump is good for the gold price as he creates uncertainty with his decision making.