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Missed you when you were away..... however when you were away .... the feces hit the paddle wheel..... welcome back
Apple Co-Founder Traded His Shares for Gold. Why That Was a Horrible Investment, in One Chart
In 1976, Apple co-founder Ron Wayne sold his 10 percent stake in the company for $800 and said he has no regrets. Before auctioning off some early Apple artifacts today, he told Bloomberg TV that the first purchase he'll make with his proceeds winnings is gold.
"Security for the future," Wayne said yesterday. "My savings has been in gold for the last 40 years."
Let's take a look at how gold has performed against Apple's stock since the company went public.
If Wayne put his $800 into a handful of gold bars in 1980 when Apple Computer went public, they'd be worth about $1,750. If he'd held onto his Apple stock, he'd have billions of dollars today. As investment strategies go, don't expect to see this one in the gold bug hall of fame.
Wayne met Steve Jobs when they'd worked together at Atari. Wayne compiled instruction booklets for the game system and got along well with Jobs and Steve Wozniak, who were about half his age. The pair brought Wayne into their computer project to help incorporate it and serve as adult supervision. He designed the Apple-1's documentation and drew the first company logo, depicting Sir Isaac Newton sitting beneath an apple tree.
At 80, Wayne is now retired and lives off of his Social Security checks. He told Emily Chang in the Bloomberg TV interview that he's never regretted his decision to leave. Jobs and Wozniak were "a whirlwind," and Wayne, who was interested in creating new products, dreaded spending his life writing computer manuals.
"If I had stayed with Apple, I probably would have wound up the richest man in the cemetery," Wayne said. "As a product-development engineer, I couldn't see myself spending the next 20 years in a large backroom shuffling papers. I had my own passions."
Bullard of the Fed did some recent "blundering" that I believe was intentional.
First he says one week that interest rates must rise …… starting a panic downward in the DOW of 8 % and then a week later suggests we need more QE and the markets amazingly rebound in about 48 hours. Actually he knows exactly what he is doing and this is intentional.
The “V” that he produced in the Dow is exactly what he desires to produce. If you want to understand their intentions all you need to know about is Behavioral Finance. Lawrence Summers has told us that this is Fed doctrine.
Behavioral Finance practiced by the Fed does not just reward dummies who blindly do what the Fed wants that is supportive of the dollar and punish those who vote against the dollar with gold or other hard assets… it also is used to mold behavior through pattern repetition. For example the recent “V” produced in the stock market has this behavioral effect:
1). They want as much market participation as possible.
2). By engaging the peoples money in stocks they are less likely to look for alternatives like gold or other hard assets. They want you in the paper game.
3). They plant fear seeds by getting a lot of media pundits to say that we are headed for the rocks in the market.
4). When the controlled, computer algo initiated downward 8 % drop occurs, a lot of people who are risk adverse sell their stocks at the bottom or close to the bottom.
5). The stock market rebounds back. This is all done with computers and then made up excuses for the movements in the stocks are leaked into the markets by the owned media to explain what the computers did.
6). The people that sold feel stupid for having their “fear” reflex get the better of them and then buy back into the market at higher prices.
7). Their dumb friends that are impervious or immune to the dangers and mispricing of risk throughout the system did not sell and therefore look smart.
8). Next time the risk adverse will not react to a downward spike and be “smart” like there conditioned friends.
9). Rinse and repeat until you have modified behavior such that the investor will stay put and be complacent no matter what world events transpire.
10). Enough repetition of this behavior modification and even if a nuclear device goes off in a highly populated U.S. city – the average investor will not only not sell their stocks... but also watch the market go up and accept this as a normal reaction.
In summary, the public will trust that the markets always recover and never want sell. Now they have really achieved what they want. The have nullified smart and made dumb look brilliant. So now all they have to deal with is the dumb.
What I am saying is that there is nothing left that is free or up to chance anymore in this market. Unlimited deriviatives rule the day and nothing will happen that is not intentional until of course they lose control. Because the stranglehold is so absolute, we hope that the end game should not be that far off.
Only posts now are daily Ed Steer links. Their plans for us have been successful. They have spanked us publicly and made sure that all that we spouted to relatives and friends was fringe lunacy. Now we talk to ourselves because when we talk to others, they roll their eyes. Mission accomplished. We are completely demoralized, disillusioned, financially gutted and silenced. They have turned our message to mush. They have won.
All the dummies get to make 30 % a year on Equities - so do what they want and you will be rewarded handsomely.... don't do what they want..... well ..... Laurence Summer's Gibson Paradox and Behavioral Finance (Also from Laurence Summers) will take you out. They are brutal, relentless and have all the money in the world.... so did we ever really have a chance ?
To be fair though, we lacked the foresight to know the immense importance of zero percent interest rates and how they are the only reason we are afloat right now. Without zero percent rates we would be so very deep in a hole, it's almost unimaginable. Zero percent interest rates in times when defaults and monstrous debt levels plague the majority of the world, would not be attainable without gold being held down (Gibson's Paradox). Gold suppression is essential to the continuation of the myth of recovery.
This is because traditionally, when interest rates are normal to high, gold is not held because it pays no interest ..... but when Bonds also pay no interest... people would prefer gold rather than bonds because of the liquidity and safety of the metal. This preference for gold would start as a trickle and then bubble up to a full boil panic into the metals - demand would rise exponentially, while supply tightened. This cannot be allowed to happen.
We hoped that we had free markets.... but we did not. We hoped that the regulators would do their jobs... but they were working for the other side. We hoped that the mining management would raise hell .... but all we heard was silence. We hoped that our elected politicians would oppose the special interests of Wall Street and the Big Banks... but their re-election depends on their river of payola - so everyone steals with impunity. So this has morphed into something much, much bigger than what we estimated or bargained for.
Nonetheless, I am not quitting and joining the Lotus Eaters.... I have just lost a lot of respect for humanity and the intelligence of the citizens of the world. Apparently, they will always be pawns of the elite. This charade is positively juvenile, but it fools the average Joe with ease. As more and more wake up, the disinformation will no longer work and trust will be gone....... but the wait for this to happen has been positively agonizing.
Hang in there - as all our warrants expire worthless and many of our gold stocks holdings are down 95 %. Only satisfaction at this point, is that we dared to go against them. I will be cashing in my 401k to buy metal shortly - this is my fourth double down. At least I am consistent: they are giving me plenty of time to acquire cheap metal. I know that a normal person would give up and go away... he would question himself and what he thought was true.... slink way with his tail between his legs and vow never to play in markets again....however, I am a junk yard dog and will hold on and never let go - because I don't think I am right.... I know I am right. If that is Hubris, then I have already paid the price and so be it.
"But Boyd, correctly in my view, said that continuing to pump money into the system and keeping rates low is akin to the following medical example: A farmer has his leg crushed by a heavy machine. When he enters the emergency room, he is told that the only way the bleeding can stop is to amputate his leg. But not having the heart to do it, the hospital keeps pumping blood into his body with the result that the patient eventually dies. In other words, our financial system will, given time, self destruct if the same artificial means of keeping our economy and banking system alive are continued."
http://www.kitco.com/ind/Taylor/2014-08-19-Gibson-s-Paradox-Requires-Gold-Manipulation.html
Nothing happens by accident when it comes to precious metals - The Gold and Silver fix in London being re-jiggered is an excellent example. Why was it essential now to uproot the decade standing methods of both the Silver and Gold fix in London each day ? It was archaic, but why now ?
Me thinks they want to pull off another fast one. Notice the new players involved are all the usual suspects and the methods and details of this new fix are very sketchy to say the least. So my conclusion is that this is another method to suppress the metals and prolong the rig. Computerize and implement algos with no humans involved - just don't look at the source code. Just like the creation of the precious metal ETFs, this will put another tool at their disposal to corrupt free markets and continue to make the gold investor their bitch.
As a tangent, good Jim Rickards interview on Financialsense.com
Notable Jim Rickards quotes:
"Since 1975, any student who learns anything about gold as money is self-taught because it is no longer part of any economics curriculum"
"A rising gold price is just the flip side of a collapsing dollar"