RE:Let's review the FACTS shall we Let me tell you a little story and I will try to not use big words for you. I started investing in the 70's. I took a break from high school and worked at a very well paying job earning $6 per hour when the minimum wage was just over $1 per hour. Today it would be like making $70 per hour. I was a teenager. Instead of blowing ALL my money on the usual teenage stuff I managed to save SOME of it and went to a bank and saw a thing called a mutual fund. Even better they had tax sheltered thing called an RRSP. I bought into it. I was quite thrilled to see how money could be made without working!!! And there was another thing called a Registered Home Ownership Savings Plan. I invested money in that as well. So far so good. And both investments did very well. So well that I thought I was a great investor. So then I decided to invest better.... I took ALL my RHOSP money out of the bank and marched downtown Toronto and bought gold bullion with the proceeds. Yes, I had it figured out. Gold had made a steady increase to $2000 per ounce and I was going to buy up my share and cash in big time. In addition I had bought some gold mines from some obscure investment agency (I now know as boilerrooms) .... You can probably figure out the outcome of my investing "genious" - Gold nose dived to half the value and even 40 years later has NEVER again hit $2000 an ounce. PLus taking my RHOSP money out created a large tax obligation. As well the gold mines were moose pasture.. So what did I do? I could have gotten mad at all the gold investors and at the metal itself or could have accused everyone around me of being in some kind of con game of scamming me or etc.... Instead, what I did was educate myself. Home computers did not exist but I went out and took some investing courses and read up on investing usting all the things available to me. In other words I made use of my ignorance of investing to find out how to do it with some intelligence. Later, after hitch- hiking around Europe for a couple of years, returned to school and used my new knowledge to invest in other investments, so much so that I was able to fund a few years of University from investing my summer working money.
So Mr. Yunguy, you have a choice: continue to spend your time and energy creating your conspiracy theories and ranting away or spend your time learning how to invest. Shut up and learn or continue to miss out. The internet is a huge information resource. It is also the supreme showcase of stupidity. Take your pick.
From the one and only IWILLRETIERSOON