Quote from: JOE on March 31, 2024, 12:57:07 PMThese workers are badly needed to keep our society going.
Otherwise it will collapse.

"Society would collapse if not for fast food workers."

  - Senile Joe, 2024

Quote from: JOE on March 29, 2024, 11:22:41 AMAh, it's more like a hobby fer me..

Yeah, I can see that.

So why do you talk like it is an investment?

What are you actually invested in?

Quote from: JOE on March 28, 2024, 09:35:33 PMAh not a lot really.

Just around 15 ounces.

Some of it collector gold.

I was thinking of striving for 20, but with the price of gold now skyrocketing not sure if I can afford to meet this target.

At this rate maybe all I can afford to buy is just 1 ounce per year

Why do you talk about it so much when you have so little?

Quote from: Kingoffrogs on March 28, 2024, 11:12:16 AM@JOE is right about one things, cars are not good investments.

Depreciate as soon as you drive it off the lot.

Well, that is correct almost 100% of the time.

Things were funny during the Covid shutdown and used cars were selling for more than new cars, because there was a shortage of new cars.

So you could buy a new car and turn around as sell it at a profit if you were one of the lucky ones to be able to find a new car.

That was not true for all models, but it was true for my C8 Corvette and I know it was true for a lot of SUVs and large pickup trucks.

Regardless, Senile @JOE goes on and on about it, when nobody has indicated that they ever considered a car to be an investment.

The vast majority of the time, a car is an asset that depreciates.  A new car usually depreciates very quickly.


But....

It is up to the person buying the car to weigh out the cost of depreciation versus the value of the experience of being the first owner of a car, of knowing that you performed the engine break-in properly, of knowing that a smelly rat-raced derelict like Senile Joe never dirtied the interior of the car, etc. etc.

Quote from: Lokmar on March 28, 2024, 09:50:46 AMTechnically, I have seen a few coins sell for under melt.

Liar @JOE did not say they sold for "under melt value"...he said they sold for "under asking price".


Nothing is sold for under the asking price (or the resrve bid amount).

You can not even register a bid for under the ask.


He is lying.

Quote from: JOE on March 28, 2024, 07:51:36 AMY'know @TheProwler my vintage comic book collection is also worth more than your Corvette.

One of my comic books alone typically sells for $10,000 US Prowler


If I sold that collection I could go to a dealer and pick it up from the lot.

So if I sold my gold coin collection & vintage comic books I could buy your car 2 times in the same day Prowler.

But unlike your car my gold coins and comic books are appreciating assets. And yours are constantly deprecating and fast Prowler.

Moral of the story is...

Think smart & not dumb, Dumb Prowler

Senile @JOE, I could buy over 100 brand new C8 Corvettes if I sold my investments.

If I sold my house I could buy 10 more.


Weird flex, Senile Joe.

Quote from: Lokmar on March 28, 2024, 01:47:15 AMThe only coins I've bought on ebay were some 2021 Peace Dollars.

I wouldnt even do that now.

The online dealers and the Gold Center in Springfield are the only places I typically buy from. Even then, I measure every coin with calipers and weigh them.

Funny story, my kid noticed my scale one day and was really concerned because he recognized it as a scale used to measure dope.  We both had a big LOL discussing what I used it for.

Senile Joe is living in a fantasy world.

He doe not buy and sell gold.

He suggested that some coins sell for under the "asking price".

That is not the way it works.  If there is no bid at the asking price or higher, then there is no sale.

The poor guy is just bullshitting again.

It makes me wonder what he really did with his inheritance.

Quote from: JOE on March 27, 2024, 03:35:00 PMI notice at the auctions, the US coins always have bidders and they rarely go below asking.

Senile @JOE, you just got caught in another lie.


And this one is a doozy!!!!



What you are calling the "asking price" is actually called a "reserve bid" in an auction.

And items are never sold for an amount less than the reserve bid.

Auctions do not even allow bids for less than the reserve bid.



The evidence is clear.


You do not even participate in the auctions, Senile Joe.

Quote from: JOE on March 26, 2024, 12:43:21 AMWell put it this way @TheProwler .... if we already have 10-100x more junk today than 50 years ago because of the first wave of computing, then just think how much more junk AI and robotics are capable of producing. 1000s of times more.

Unless the AI has algorithms to produce only what we need.

But that doesn't take into account consumer appetites or human greed.

People don't think like machines, and they have irrational wants and desires.
And if a company thinks it can capitalize of this demand, they'll produce even more junk and wreck our environment even more. More production means more profits for them. Of course they won't stop at $1 million in sales. They'll want $10,000,000 and if AI/Robotics can deliver it for them, then greed rather than what actually need takes over.

So of course what that could lead to is even more overproduction, pollution, etc.

And that right there is exactly whey stupid people are going to be first on The Culling List.

Quote from: Kingoffrogs on March 26, 2024, 12:29:42 AMWhat does Joe mean by oversupply?

It is Senile @JOE so we all have to make a lot of assumptions.

You could ask him what he meant, but he is very unlikely to try to explain himself because he has the attention span of a frying pan.

He will be surprised he said it and will not know what he meant.

But, piecing together his irrational thoughts and fears, I assume he thinks AI will totally take over and fulfill its Prime Directive of producing as many Widgets as possible without any human input or interference.

The guy is nuts.

Quote from: JOE on March 25, 2024, 11:24:36 PMHey @TheProwler ....


.....changing the topic a bit.

I thought you would find the thread I posted earlier about the fragmenting global economy interesting:

https://thebluecashew.net/index.php/topic,17207.0.html

Video of the guy says he thinks more inflation is coming

So that will impact your stocks & the markets

If so we'll probably see a repeat of the 1970s & the 2020s could finish like the end 9f that decade.

However there was a severe recession by 1982 so the 2030s could be like that if history repeats itself.

I suppose my gold will keep going up in price.

I'm gonna try ta buy everything I need now before the prices on everything shoot up.

More social unrest ahead unfortunately

First of all, eat shit, you disgusting piece of garbage.

Secondly, you are a vegetable.  Even if you were the richest vegetable in the world.  You are still just a vegetable!!!

Thirdly, I am in a very good financial position and will be just fine.

Quote from: JOE on March 25, 2024, 10:39:14 PMThe only ones willing to have fewer children are Europeans some Asians and North Americans @TheProwler

Otherwise much of the planet's population is still exploding in the middle east Africa & central America

We'll probably reach 10 bil within 30 years.

I don't think po' mother earth can take too much more.

You might still be alive then.
But you will not like what you see.

Which is why plans are in place to reduce the population.


We can do this the easy way......


Or we can do it the hard way.

Quote from: Kingoffrogs on March 25, 2024, 08:11:12 PMmaking them more accessible to those who previously were unable to afford them.

When I say "need" I am really talking about "want".  Most stuff we do not "need" and most of what we are talking about is more of a "want" than a "need".

So arguing that point is just semantics.

If people were previously unable to afford a product, then producing it at a price they can afford is not producing more than we want.  When I say more than we want (or need), I am referring to Senile @JOE's claim that we will produce an "oversupply".

Quote from: Kingoffrogs on March 25, 2024, 08:11:12 PMSupply and Demand Have never been and will never be in equilibrium. We can get close, but because of many things (such as the delay in supply change in response to demand.) it will never be a 100% efficient system.

I do not want to go off on a tangent about what I mean by "efficient".

I am talking about efficient methods of producing goods or services.  I am not talking about accurately projecting the demand for a product.

Quote from: JOE on March 25, 2024, 12:34:02 PMFrood didn't do a very good job of raising his son. Now hes an invalid costing the Australian taxpayers so much money.

Frood should have been a better Father to his son & provided him with the help he needed before it was too late.

If anyone ever asks why I hound Senile @JOE and make his miserable life even more miserable....


Because he deserves it.

Quote from: JOE on March 25, 2024, 12:15:02 PMAI will create a massive oversupply if the planet produces even more. And we'll run out of raw materials and energy sources to keep feeding it.

Do not be so stupid, Senile Joe.

Why would we produce more than we need?

Anyone who think being inefficient is better than being efficient should just sit this one out.