Originally posted by AtW
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I bought up all the coal mines for next to nothing, one day I will be rich (when Tesla switch to steam power).
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A month ago -
Que 'anyone could see this was going to happen' comments....
Originally posted by scooterscot View PostI think oil will go <$10 a barrel - so be careful. Cost of production is the same argument I'm hearing for sliver mining, which is currently priced less than it costs to pull it out of the ground. The economy is the driver of wealth, the wealth creator. Take Silver for example, it doesn't get it price from folks holding it in fear of financial Armageddon, the price actions comes from industry. The largest industry users by far is the electronics industry, in particular the mobile phone industry. Do we think US citizens are going to use their cash handouts to buy the latest iPhone?
Same argument with oil, the appetite has absolutely vanished. However it might also be an excellent time to get in. Who'd have thought we'd be paying the same price for oil today as we were in 1987! I guess that means you guys are paying 37p per litre at the pumps?
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Erm, everybody with a brain knew it would happen - whole world shutdown, there is no demand and limited storage.Originally posted by scooterscot View Post
Try harder next time, Sherlock.Comment
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Already found a few posts of those that thought otherwise, I'll spare them the blushes..."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Cresting a two-weekly high. Could we see 6000 this week? This is a very odd crash. The second wave could be interesting.
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Former member of IPSE.
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Many a mickle makes a muckle.
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Nothing but bad news in the real economy, but the stock markets are on fire.
Boom! Our pensions will all be worth millions soon, who needs work when there's a magic money tree feeding the markets?
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What is the alternative to stocks?Originally posted by DimPrawn View PostNothing but bad news in the real economy, but the stock markets are on fire.
Boom! Our pensions will all be worth millions soon, who needs work when there's a magic money tree feeding the markets?
The money has to go somewhere, and even though dividends have been cut, there are still dividends.
I'm alright JackComment
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Bonds, Gold, Cash, take yer pick.Originally posted by BlasterBates View PostWhat is the alternative to stocks?
The money has to go somewhere, and even though dividends have been cut, there are still dividends.
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Up 30% by ignoring everything scooter's ever said.Comment
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