John Fitch - Comments

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Greenspan, Gold Mining And Gravedancing
10 years ago

This endless process of QE will eventually lead to inflation, no? In theory that should send people toward gold. If people are looking to protect themselves from inflation by selling fiat, there are, however, alternatives to gold. Bitcoin is immune to M0/MB inflation due to its fixed supply. Although certainly less stable than gold, and even fiat for that matter, the upside is exponentially greater. I would not recommend converting all money and assets, but a small percentage of discretionary investment income could certainly be viewed as a calculated risk.

I recognize the support of Bitcoin might be a bit of a contrarian view at this juncture, but I recognize the obvious benefits it provides as a store of money. My view is that it serves as more of an investment vehicle than a currency, but I take no issue with that. It is a way to separate oneself from the consequences of hypocritical government actions. Food for thought.

In this article: AUY, SLW, GORO
What’s Gold Really Worth?
10 years ago

Brad,

Do you believe in a negative correlation existing between gold and the strength of the dollar? It seems natural that as investors lose faith in the dollar, they move money into the seemingly more stable gold market, and vice versa. Since CPI is known to be a good economic indicator, could this be why gold and CPI seem to share a correlation as well?

In this article: GLD
Moving Apple Shares Today; Bond Sale In Euro?
10 years ago

They had someone with creativity; unfortunately, he passed away. Cook lacks the innovation Jobs had, and now Apple is under the guidance of a leader with no vision. I firmly believe that Cook will bring about the undoing of the Apple empire.

In this article: DB, GS, AAPL
3 Dividend Stocks To Buy If The Market Crashes
10 years ago

Dividend paying stocks can prove to be valuable in one's portfolio, however, I prefer those with a long history in paying dividends. That's my only concern with AMGN. Their short history of dividend payments leaves no guarantees that they will continue to do so.

In this article: BMY, JNJ, AMGN
Child Poverty Jumps 2.6 Million Since 2008, While Number Of Billionaires Doubles
10 years ago

I don't even think I could spend a billion dollars in a lifetime. At what point does an individual have too much money? And at what point does it become selfish to hoard all of that money instead of using it to make a difference in the world? In a perfect world, there would be a better distribution of money, not due to government mandate, but due to the character of the "elite."

In The Contest Of Spain Vs. Google, Who Do You Think Will Win?
10 years ago

I think Google is right on this one. Google News is a great place to do a broad search instead of searching websites individually, and ultimately, it brings readers to the publishers' websites. Google definitely helps drive traffic for other sites. In my opinion, it is a mutually beneficial situation. Just me $.02

In this article: GOOG
In India, No Chauffeur Is A Status Symbol. Why ZoomCar Just Raised $8 Million
10 years ago

India is definitely a great market for an idea such as this; I do believe, however, that Zipcar was around prior to this and that is where Back and Moran got the idea? In any case, bringing this type of service to India was certainly a profitable venture.

Apple Pay + AliPay = New Chinese Payment Standard?
10 years ago

That would be a powerhouse partnership. They each have something of value to offer the other. That could help with the growth of each company.

In this article: MA, V, AAPL, EBAY, BABA
On Retirement, From A Millennial’s Perspective
10 years ago

Not saving for retirement early is a huge mistake. It's important to start saving as soon as you can afford to put away a percentage of your earnings. Waiting even 5 years could result in a difference of hundreds of thousands of dollars down the road. As you said, that is the impact compounding interest can have; and it is an impact a lot of people fail to understand. Necessary retirement savings is already a hard thing to project with the uncertainty of how long you will live, there's no need to limit yourself even more by not starting at an early age.

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