Our focus on the housing market is no longer!

[urbanrealtor]

[quote=equalizer]IF Sec Paulson & friends state that “In the interst of national security no dudes are allowed access to my files”, supremes would say we can not second judge, case closed.[/quote]

Yeah the problem with that assertion is that the final arbiter of whether that statute is reviewable is the court that would review it. Seriously, go back as far as Marbury vs. Madison. A major part of the SC’s mission has been asserting that they are relevant as interpreters on rules saying they can’t weigh in. EG: the elimination of habeus corpus in the statute addressing terror detainees. They have the right to interpret a law that says courts have no jurisdiction.

Further, they are literally infallible. The constitution says they are the final word on what is constitutional. By definition, they can never be constitutionally wrong. The constitution says so.

Unless the statutes are upheld explicitly, or the challenge to the stated rule is denied a hearing, Paulsons decisions can totally be reviewed.

[cashflow]

I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).

[cashflow]

I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).

[cashflow]

I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).

[cashflow]

I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).

[cashflow]

I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).

[urbanrealtor]

[quote=cashflow]I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).
[/quote]

Well you have a point. There will be an inflationary component. How that will interact with the deflationary component of reduced buying power is unclear. It is also unclear as to where commodities will be in terms of real wealth in the next couple of years.
Further, it is wise to remember that while the Fed and Paulson are essentially offering unlimited lines, it is not as though we are printing palettes of money (like Latin America in the 80’s, or Germany in the 30’s, or Zimbabwe now. Its unclear where the dollar will land relative to other forms of cash or commodity values. Considering that dollar-denominated items are the only wealth vehicle that are insured (though yes, in dollars) in a way I trust,they don’t seem like such a bad option.

[urbanrealtor]

[quote=cashflow]I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).
[/quote]

Well you have a point. There will be an inflationary component. How that will interact with the deflationary component of reduced buying power is unclear. It is also unclear as to where commodities will be in terms of real wealth in the next couple of years.
Further, it is wise to remember that while the Fed and Paulson are essentially offering unlimited lines, it is not as though we are printing palettes of money (like Latin America in the 80’s, or Germany in the 30’s, or Zimbabwe now. Its unclear where the dollar will land relative to other forms of cash or commodity values. Considering that dollar-denominated items are the only wealth vehicle that are insured (though yes, in dollars) in a way I trust,they don’t seem like such a bad option.

[urbanrealtor]

[quote=cashflow]I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).
[/quote]

Well you have a point. There will be an inflationary component. How that will interact with the deflationary component of reduced buying power is unclear. It is also unclear as to where commodities will be in terms of real wealth in the next couple of years.
Further, it is wise to remember that while the Fed and Paulson are essentially offering unlimited lines, it is not as though we are printing palettes of money (like Latin America in the 80’s, or Germany in the 30’s, or Zimbabwe now. Its unclear where the dollar will land relative to other forms of cash or commodity values. Considering that dollar-denominated items are the only wealth vehicle that are insured (though yes, in dollars) in a way I trust,they don’t seem like such a bad option.

[urbanrealtor]

[quote=cashflow]I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).
[/quote]

Well you have a point. There will be an inflationary component. How that will interact with the deflationary component of reduced buying power is unclear. It is also unclear as to where commodities will be in terms of real wealth in the next couple of years.
Further, it is wise to remember that while the Fed and Paulson are essentially offering unlimited lines, it is not as though we are printing palettes of money (like Latin America in the 80’s, or Germany in the 30’s, or Zimbabwe now. Its unclear where the dollar will land relative to other forms of cash or commodity values. Considering that dollar-denominated items are the only wealth vehicle that are insured (though yes, in dollars) in a way I trust,they don’t seem like such a bad option.

[urbanrealtor]

[quote=cashflow]I’ll move the discussion back to the initial commentby socratt.

Where to hold your cash….There’s been alot of talk on here about how Gold, although at a high, will still move higher and would be a good place to move some of your cash. Any ideas on what percentage of holdings to move to gold? Also, how risky would this move be?

There’s gotta be better ideas than stuffing your pillows with dollar bills (could end up being a paper filler as the printing presses keep going off).
[/quote]

Well you have a point. There will be an inflationary component. How that will interact with the deflationary component of reduced buying power is unclear. It is also unclear as to where commodities will be in terms of real wealth in the next couple of years.
Further, it is wise to remember that while the Fed and Paulson are essentially offering unlimited lines, it is not as though we are printing palettes of money (like Latin America in the 80’s, or Germany in the 30’s, or Zimbabwe now. Its unclear where the dollar will land relative to other forms of cash or commodity values. Considering that dollar-denominated items are the only wealth vehicle that are insured (though yes, in dollars) in a way I trust,they don’t seem like such a bad option.

[peterb]

All this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.

Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.

It seems like it’s really a hedge against panic and/or FIAT abuse.

[peterb]

All this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.

Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.

It seems like it’s really a hedge against panic and/or FIAT abuse.

[peterb]

All this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.

Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.

It seems like it’s really a hedge against panic and/or FIAT abuse.

[peterb]

All this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.

Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.

It seems like it’s really a hedge against panic and/or FIAT abuse.

[Author]

Posts