Bitcoin biting the dust?

Loren Pechtel said:

Swammerdami said:

Jarhyn said:

Jimmy Higgins said:

Jarhyn said:

Loren Pechtel said:

Historically, gold is the worst investment class.

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Hogwash! This meme has become more prevalent on message boards than the 1 ≠ 0.99999999... meme.
Where in heck does this obviously false meme come from? Is it just a political reaction to carnies like Rush Limbaugh touting Trump medallions or WTF?

The gold price is now 10x what the price was in 2001. That's TEN with a T, an E and an N.

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1) The comparison is to dollars in the bank.

2) You're looking at when gold was low to when gold was high, you're not counting the periods where gold went down.

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I was responding to the absurd claim that "Historically, gold is the worst investment class."
Worst is a superlative.

Circa 1990 some Americans were "investing" in beanie babies. How did that investment class work out for all y'all? Better than gold?
Silver and MANY other investment classes (e.g. Nikkei 225) also underperformed gold.

Elixir said:

Loren Pechtel said:

Elixir said:

Loren Pechtel said:

Elixir said:

Loren Pechtel said:

There's a big difference in the voting power of A and B shares.

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Sure, it’s scaled to the share price.

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Berkshire Hathaway: Class A vs. Class B Stock

A memo from Warren Buffett regarding BRK.A vs. BRK.B share classes

brkshr.com

Price difference: 1,500:1. Voting difference: 10,000:1

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If that’s right I was wrong. Fractional A shares are available from brokers, so why buy B shares?

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Because A shares are simply too big for the average investor. And the voting difference means that Buffet (who has a whole lot of A) has an outsized vote.

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B-b-but I can buy $100 worth of A shares through my Schwab account …

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Have you ever actually traded stock????

Mutual funds you can buy in arbitrary amounts, stocks you buy a number of shares. When placing an order you specify the share count and optionally specify the maximum price you will pay (or minimum price you'll sell for if you're selling.) If you don't put a restriction on it you'll get whatever the current price is (which will almost always be very close to what it said when you placed the order), if you put a restriction on it the trade doesn't execute if it can't be done within the limits you specified.

Loren Pechtel said:

Elixir said:

B-b-but I can buy $100 worth of A shares through my Schwab account …

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Have you ever actually traded stock????

Mutual funds you can buy in arbitrary amounts, stocks you buy a number of shares....

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Can we take sides in this dispute? I'll bet on Elixir, that he has actually traded stock and COULD (though not necessarily DID) buy $100 worth of A shares through his Schwab account.

Back when Schwab charged high commissions, I forgot to click "All or None" on a sell order for 100 shares of a preferred stock. The shares were cheap -- maybe $50 or so -- but I sold 50 shares on Tuesday and the other 50 on Wednesday, so paid DOUBLE the already high commission!

I overlooked that many preferred stocks -- even cheap ones -- have standard lots LESS than 100 shares.

Stocks can be purchased by $ amount. My credit union does it this way. In fact for their bare-bones "digital investor", it was the only way.