-
Not so simple,
[QUOTE=Sidney;427345]Very simple[/QUOTE]
Globalization created competition, and the USA is undergoing a transition period where we are no longer competitive in some areas. It did not help that we were partying and forgot to do our homework. Rapacious Big Business practices is primarily responsible for the spending and selfish culture that exist today. A few months ago, an Arizona hospital billed a patient $80, 000+ for treatment for a scorpion sting. What a sting! She was left with a $30, 000 bill after insurance deductions. I am sure that is small change for you.
-
[QUOTE=Tiny12;427351]Look on sedar.com, there's no lack of transparency. This was trading at a 30% premium to NAV in January! And around 15% to 20% for much of 2011. Considering you could have bought futures contracts instead that's crazy. No criticism of Dccpa, the premium was much lower in recent months.[/QUOTE]Being on sedar.com, whatever that is, is not transparency for the average investor. The average investor is going to go their website, the SEC's website, and the information available from their broker (E-Trade, etc.). There ain't shit.
-
[QUOTE=Dickhead;427355]Being on sedar.com, whatever that is, is not transparency for the average investor. The average investor is going to go their website, the SEC's website, and the information available from their broker (E-Trade, etc.). There ain't shit.[/QUOTE]The world doesn't revolve around the USA any more. If you want information on a Canadian equity or fund you go to sedar.
-
[QUOTE=Black Shirt;427352]Globalization created competition, and the USA is undergoing a transition period where we are no longer competitive in some areas. It did not help that we were partying and forgot to do our homework. Rapacious Big Business practices is primarily responsible for the spending and selfish culture that exist today. A few months ago, an Arizona hospital billed a patient $80, 000+ for treatment for a scorpion sting. What a sting! She was left with a $30, 000 bill after insurance deductions. I am sure that is small change for you.[/QUOTE]Black Shirt, nonprofit hospitals do the same. It's ridiculous, and if you don't have insurance you pay a lot more than it costs the insurance company. So the market isn't working. That's what I didn't like about Obamacare. It did very little to bring down costs and make medical care an efficient market. You have posted in the past on the irresponsibility of individuals, that they take on too much debt and spend too much, which I agree 100% with. People in the USA make more than in any large country in the world yet still live pay check to pay check. Why is it that someone in China or Thailand is able to save 20% of what he makes, when he's only making a small % of the average USA individual?
I can't argue that rapacious big business practices don't play a part (like promoting no money down mortgages and useless stuff for the consumer), but it's the politicians and individuals that are primarily responsible. The politicians set the rules and provide the framework for their enforcement. Individuals elect the politicians and should have enough sense to not buy things they can't afford.
I disagree with you that we're a selfish culture. From what I've read, we're one of the most generous in the world.
-
[QUOTE=Tiny12;427357]The world doesn't revolve around the USA any more. If you want information on a Canadian equity or fund you go to sedar.[/QUOTE]So that is like [url]www.sec.gov[/url] Except it's privatized. Got it.
-
[QUOTE=Dickhead; 427350]This Sprott operation has a definite lack of transparency from the point of view of a US investor. Maybe Canadians are just more trustworthy. No SEC filings, no financial information on their website. No information through Morningstar, E-Trade, or TDAmeritrade. No history of past returns on any of these sites. No fundamental information either. No info on TDAmeritrade is particularly strange since this Sprott family seems to have some connection to or affiliation with Toronto Dominion Bank. Where's the balance sheet for these metals funds?
Anyway, investing based on past performance is, well, chasing past performance.
But we should probably have an investing thread because this thread should be more macroeconomic in nature. Macroeconomic indicators appear to me to be improving, although very slowly. Maybe GDP growth of less than 1% for five more years. Maybe 8% unemployment closer to the norm, still low by world-wide standards. In a scenario like that you just have to hope for innovation and productivity gains. My fear there is that growing functional illiteracy and innumeracy coming out of the K12 system really threatens innovation and productivity growth. I hope I am wrong.[/QUOTE]Not sure where you are getting your information. Here is the web site for PSLV (silver) and PHYS (gold). Click on one of the two choices and choose financial reports.
[url]http://sprottphysicalbullion.com/[/url]
Here is link to SEC filings for PSLV:
[url]http://www.nasdaq.com/symbol/pslv/sec-filings[/url]
Here is the link to the main Sprott web site:
[url]http://sprott.com/[/url]
If you are trying to research through TD, good luck. My access is through the professional side and it is probably just as bad as the individual side. When they switched to the new platform, I stopped doing any research through the TD site.
-
[QUOTE=Tiny12;427351]Look on sedar.com, there's no lack of transparency. This was trading at a 30% premium to NAV in January! And around 15% to 20% for much of 2011. Considering you could have bought futures contracts instead that's crazy. No criticism of Dccpa, the premium was much lower in recent months.[/QUOTE]In the past I avoided futures because I cannot buy the same for my clients. Now I avoid futures because I am a sane person who understands the massive theft occuring at places like Sentinel, PFG Best and MF Global.
The potential premium is one of the main reasons I purchased PLSV and the other reason is convertibility. Someone who has enough shares can trade in those shares for the physical silver (pslv) or gold (phys). If I am correct about the future performance of gold and silver, then physical metal will go to a premium and so should the shares of these mutual fund trusts. The PSLV premium during the silver spike last year is just an example. My previous silver vehicle was SIVR. When Sprott did another offering of PSLV this summer, the premium plunged to around 3. I swapped out of SIVR into PSLV and hope that PSLV once again gets a large premium. We shall see.
BTW. I didn't sell out this morning. Silver dropped to the first support area last night and I am in a wait and see mode right now.
-
[QUOTE=Black Shirt;427352]Globalization created competition, and the USA is undergoing a transition period where we are no longer competitive in some areas. It did not help that we were partying and forgot to do our homework. Rapacious Big Business practices is primarily responsible for the spending and selfish culture that exist today. A few months ago, an Arizona hospital billed a patient $80, 000+ for treatment for a scorpion sting. What a sting! She was left with a $30, 000 bill after insurance deductions. I am sure that is small change for you.[/QUOTE]Not sure what this extreme example says about anything other than our FDA is protecting us to death and never use out-of-network medical services. The drug is widely available in Mexico for $100 / vial, but the FDA required expensive trials that jacked the US price up to over $3800 / vial. The hospital added another $70, 000 and the out-of-network deductible was $30, 000. She is not going to have to pay anywhere near $30, 000.
[url]http://news.yahoo.com/arizona-hospitals-80-000-bill-stings-worse-scorpion-213605531--abc-news-health.html[/url]
-
[QUOTE=Dccpa; 427381]Not sure where you are getting your information. Here is the web site for PSLV (silver) and PHYS (gold). Click on one of the two choices and choose financial reports.
[url]http://sprottphysicalbullion.com/[/url]
Here is link to SEC filings for PSLV:
[url]http://www.nasdaq.com/symbol/pslv/sec-filings[/url]
Here is the link to the main Sprott web site:
[url]http://sprott.com/[/url]
If you are trying to research through TD, good luck. My access is through the professional side and it is probably just as bad as the individual side. When they switched to the new platform, I stopped doing any research through the TD site.[/QUOTE]Dude. I proceeded as would any average investor. Sprott's site is the first place I went. There is no financial information there, nor any clue as how to get it. How TF would anyone know to go to "sprottphysicalbullion" when most people can't even spell bullion? And why would I look on NASDAQ's site and not the SEC? Why would I know this is Canadian if I am an average investor? This is what I am saying. I'm not personally interested in bullion but if I were, I would be frustrated and would give up on this investment.
-
An extreme example?
[QUOTE=Dccpa; 427383]Not sure what this extreme example says about anything other than our FDA is protecting us to death and never use out-of-network medical services. The drug is widely available in Mexico for $100 / vial, but the FDA required expensive trials that jacked the US price up to over $3800 / vial. The hospital added another $70, 000 and the out-of-network deductible was $30, 000. She is not going to have to pay anywhere near $30, 000.
[url]http://news.yahoo.com/arizona-hospitals-80-000-bill-stings-worse-scorpion-213605531--abc-news-health.html[/url]
[/QU.
That's why it made the news. The publicity put their outrageous practices to shame, and the only reason why they are willing to back down.
Bloomberg News' Catherine Arnst wrote in 2009 (a bit outdated),"Medical problems caused 62% of all personal bankruptcies filed in the US in 2007. 78% of these filers had medical insurance at the start of their illness, including 60. 3% who had private coverage, not Medicare or Medicaid."
Doesn't that say it all?
I apologized for being out of topic.
-
[QUOTE=Dickhead;427390]Dude. I proceeded as would any average investor. Sprott's site is the first place I went. There is no financial information there, nor any clue as how to get it. How TF would anyone know to go to "sprottphysicalbullion" when most people can't even spell bullion? And why would I look on NASDAQ's site and not the SEC? Why would I know this is Canadian if I am an average investor? This is what I am saying. I'm not personally interested in bullion but if I were, I would be frustrated and would give up on this investment.[/QUOTE]Dickhead, I know you are a very intelligent investor, but it took me all of 60 seconds to find the links I posted. Limiting yourself to the crappy TD platform is the problem. The information below is for general information to anyone interested:
The links were found using dogpile. Com. Dogpile is a search engine of search engines.
For researching US investments, the first place I look for information is the finance section of yahoo.
For researching Canadian stocks I start with TMX. Com.
TD has a crappy research platform.
For most superficial information, I use yahoo finance
-
Another kudo to Tiny12
Watched the Presidential debates tonight. Wow Tiny you nailed the 25K limit on Schedule A deductions in Romney's tax plan. You must have inside information.
-
[QUOTE=Dickhead; 427364]So that is like.
[url]www.sec.gov[/url]
Except it's privatized. Got it.[/QUOTE]Still recovering from tax prep season, but I was looking over the older posts.
Dickhead, I used your SEC link and typed in Sprott. A lot of filing came up, including some for PSLV.
I clicked on one of the PSLV links and the the following links appeared:
[url]http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001494728&owner=include&count=40&hidefilings=0[/url]
-
[QUOTE=Dccpa; 427817]Still recovering from tax prep season, but I was looking over the older posts.
Dickhead, I used your SEC link and typed in Sprott. A lot of filing came up, including some for PSLV.
I clicked on one of the PSLV links and the the following links appeared:
[url]http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001494728&owner=include&count=40&hidefilings=0[/url][/QUOTE]I used the ticker symbol you posted and not the name. I still don't see why their website doesn't have links to their filings.
-
Dickhead, I was going to send this via PM but then thought that your answer to the second question might have some relevance to someone thinking about opening an interest bearing account in a non-US currency. As you know USA interest rates are very low right now.
In your last post in the election thread, what does "and 8 of the 11 signs (12 years so 11 changes)" mean? Are these inflection points in (change in EUR GDP) / (change in USD GDP) versus forex?
Also, I don't have an answer for your quiz on the elections page, when foreign money comes in to take advantage of higher interest rates, what does that do to interest rates. What's the answer? Thanks