People Are So Unaware

[SargeMaximus]

I’ve had to navigate lots of office politics. Never make your boss look bad. especially in front of others.

Yes I remember that from “48 laws of power” hence my silence

 

[BeExcellent]

Yes I remember that from “48 laws of power” hence my silence

There is a reason it’s the 1st Law.

I’ve been fired for violating that law several times in my career. By stupid less experienced people. I’m older & wiser now & keep my thoughts to myself (not here obviously) but there is another related law:

Think as you like but behave like others. Law 38.

Never outshine the master. Law 1

 

[SargeMaximus]

There is a reason it’s the 1st Law.

I’ve been fired for violating that law several times in my career. By stupid less experienced people. I’m older & wiser now & keep my thoughts to myself (not here obviously) but there is another related law:

Think as you like but behave like others. Law 38.

Never outshine the master. Law 1

Boom. Exactly

 

[jaygreenb]

Gold is a contentious asset. Even the many qualified money managers I work with disagree. To the extent some would never hold it, others hold 15% in portfolios.

The Gold bug would say that it’s an inflation hedge, and that all monetary debt based systems ultimately reset and gold is robust through these times.

The alternative view is that gold doesn’t produce earnings like a share, and it’s price is just what someone will pay for it.

I like gold as an item and I think it’s prudent to keep some actual krugerands should SHTF.

As an investment I would say hold a little bit ultimately it’s credentials as an inflation hedge are extremely poorly proven. It only really should be a negatively or non correlated place to rebalance profits into. Anyone betting the farm on gold as their main investment - or any non earnings producing asset, is foolish IMO.

The long run chart of gold shows it’s neither an inflation hedge nor a good long term store of value.

I own a decent amount of physical metals but basically look at as a last line of defense and insurance for SHTF situation. Just performance it is not that great and you initially are pretty deep in the red on dealer premiums. If you own paper gold, you give up its most important properties for the SHTF situation. Anything over 10% can really handicap overall performance, personally try to keep it in the 5-10%, that also include silver and platinum.

If you are around long enough you can have major wipe out scenarios where strategies that worked for decades no longer do. There is some information on how to allocate to avoid those scenarios long term. Read about something called the Dragon Portfolio a while back, was interesting.

 

[Sigmapocalypse]

Edit - i kind of missed the point of the thread but ill leave this up anyway. To the origin point, money is a fake system intentionally made confusing through the financial system. Cant expect the common man to understand and see through all the lies they have been indoctrinated to believe about our financial institutions.


Hmm I dont use the term boss toward someone I am working for or with. Heirarchically I dont tend to associate with traditional terms. In my eyes:
I never have a boss. I am the boss. If I am working for someone, they are my employer. Im a hired gun. I get paid to perform a duty. And at any point in time I can decide not to stay true to those duties and leave just like my employer can terminate my contract. There is no scarcity mentality.

I approach work and jobs like any situation, just be real with people and dont put on that fake front in business or anywhere.



Anyway, don't you remember the 48 laws of power? Never outshine the master lol. Sometimes its better to pick your battles. What good is going to come from proving some boomer wrong. Is that the hill u want to die on? Arguing with this clown about the price of gold in 2002 and even making this thread just shows where your head is at. Who even cares?

You dont need to fact check every person especially the guy paying you.

 

[SargeMaximus]

Heirarchically I dont tend to associate with traditional terms. In my eyes:
I never have a boss.

Anyway, don't you remember the 48 laws of power? Never outshine the master lol.

Bruh

 

[member160292]

Yep .308 = 7.62 x 56

remember remember the 5th of November!

Firing the 7.62 through an .308…. even though they ‘can’ be interchanged will leave your rifle barrel with a hefty toll. And no one wants our barrel to deal with potential consequences

 

[jaygreenb]

That’s the reason some of my fund managers hold gold - that all systems eventually become too endebted and eventually fold and that’s why you hold gold.

I don’t share the thoughts on some on the debt based system. Debt is a good thing, it makes the impossible possible and front ends things. As an example - who would save till age 65 and then buy a house when you can have use of that house for 25 years?

main issue for me is the governments debt. That’s different. That is literally the state maxing out your credit cards and not giving you a say on how it’s spent and on whom. Sadly we have what seems a generation who’ve been cucked into thinking this is a good thing.

Debt and how it us used is very nuanced. It can be a great tool if used responsibly, my personal opinion is most haven't because of the incentives created by very low interest rates the past 20yrs. Across all sectors most are way over leveraged. I have an extreme aversion to it, sometimes to my own detriment, because I saw my mom and step dad lose literally everything in 2008 because of debt. He owned a mid size construction company but also had the custom home, boats, luxury cars and expensive lifestyle. All done through debt, worked for 25ish yrs for them until it didn't. Took around 18 months to spend down all cash because of the high liabilities and all govt/public works jobs dried up for an extended period. I saw him go from the top to the bottom over a few years, by far that has to be one of my biggest fears.

Do agree, debt can be a good thing if used responsibly I would argue that most just haven't

 

[Sigmapocalypse]

Bruh

Hey I didn't write that book lol. I had to use that verbiage, because I didnt think of the more accurate saying "dont bite the hand that feeds"

 

[SargeMaximus]

Hey I didn't write that book lol. I had to use that verbiage, because I didnt think of the more accurate saying "dont bite the hand that feeds"

I see. Well I agree and have already said as much and mentioned the 48 laws of power as did another user

 

[Pierce Manhammer]

I’m a m1a1 MBR aficionado. I reload .308 Winchester aka 7.62x51 NATO they’re virtually IDENTICAL the only difference being headspace and that’s 6/1000’s of an inch - military rifles’ headspace is a little wider in order to avoid MALFs.

Anyway…

Firing the 7.62 through an .308…. even though they ‘can’ be interchanged will leave your rifle barrel with a hefty toll. And no one wants our barrel to deal with potential consequences

 

[member160292]

I’m a m1a1 MBR aficionado. I reload .308 Winchester aka 7.62x51 NATO they’re virtually IDENTICAL the only difference being headspace and that’s 6/1000’s of an inch - military rifles’ headspace is a little wider in order to avoid MALFs.

Anyway…

I was reloading my AR-10 .308* with Russian 7.62’s until my army friend gave me a huge lecture. Too bad we live in California…

 

[Pierce Manhammer]

I was reloading my AR-10 .308* with Russian 7.62’s until my army friend gave me a huge lecture. Too bad we live in California…

When I say reload I mean I reload brass - I make my own bullets. I was also a DM for my unit. I carried an M14 in the sandbox.

 

[member160292]

When I say reload I mean I reload brass - I make my own bullets. I was also a DM for my unit. I carried an M14 in the sandbox.

I was looking into that when I wanted to get a .44. Didn’t have the space or ventilation. Kudos in being able to do that.

 

[CAPSLOCK BANDIT]

Gold will be illegal to own, you'll be curved into selling at a price point of their choosing, the legal precedent is already set almost 100 years ago, it's there, it's always been there.

Buy silver instead.

 

[jaygreenb]

Gold will be illegal to own, you'll be curved into selling at a price point of their choosing, the legal precedent is already set almost 100 years ago, it's there, it's always been there.

Buy silver instead.

If this is something you are legitimately concerned for, you can get high karat jewelry in different forms like a chain, that was not confiscated. Also, doesn't mean you have to report it or turn it in. If purchased local with cash, there is no record, you can also have it stored internationally. Forget the amount but you were allowed to keep a few ounces I believe. Silver has been massively demonetized and is more of a industrial metals play while gold almost all monetization.

Personal opinion is I highly doubt this happens. The world is a much different place than 100yrs ago and there is a lot less patriotism now which inclined people to turn in for the overall benefit of the country.

 

[CAPSLOCK BANDIT]

If this is something you are legitimately concerned for, you can get high karat jewelry in different forms like a chain, that was not confiscated. Also, doesn't mean you have to report it or turn it in. If purchased local with cash, there is no record, you can also have it stored internationally. Forget the amount but you were allowed to keep a few ounces I believe. Silver has been massively demonetized and is more of a industrial metals play while gold almost all monetization.

Personal opinion is I highly doubt this happens. The world is a much different place than 100yrs ago and there is a lot less patriotism now which inclined people to turn in for the overall benefit of the country.

Im not worried at all, I took all my gold on a boat and it ended up sinking, declared as a loss!

 

[SargeMaximus]

Im not worried at all, I took all my gold on a boat and it ended up sinking, declared as a loss!

This is the way

 

[jaygreenb]

Im not worried at all, I took all my gold on a boat and it ended up sinking, declared as a loss!

Most people who own gold would respond in similar fashion, myself included. Would be hard to actually pull off

 

[CAPSLOCK BANDIT]

Most people who own gold would respond in similar fashion, myself included. Would be hard to actually pull off

It wasn't hard at all actually, my family owned the boat for a long time, my Grandpa gifted it to our family like 20 years ago after he had a near death experience on it, we rebuilt that engine twice, replaced the seats, new upholstery.

We took it out to the lake lot, my buddy, our neighbor who we were good friends with told us he was an experienced boater and wanted to take it for a ride with his kids. 2 hours later it was flipped over on the bottom of the lake rofl.