Home › Forums › Financial Markets/Economics › The writing is on the wall!
- This topic has 430 replies, 27 voices, and was last updated 15 years, 9 months ago by
Djshakes.
-
AuthorPosts
-
January 25, 2009 at 10:33 AM #336024January 25, 2009 at 10:36 AM #335480
jficquette
Participant[quote=4plexowner]john, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies[/quote]
If Gold becomes the standard it will be valued as all commodities are just above the cost of production. The difference now between cost of production and its price is the fear factor. You take out the fear factor when you put the system on Gold. Without fear, Gold is only worth what it costs to get it out of the ground and refined.
Balancing the books is not necessary when you throw out an economic system and instigate a new one. You wouldn’t set up a new basis that included the garbarge from before. That is the whole point.
Gold bugs are suckers.
John
January 25, 2009 at 10:36 AM #335809Participant[quote=4plexowner]john, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies[/quote]
If Gold becomes the standard it will be valued as all commodities are just above the cost of production. The difference now between cost of production and its price is the fear factor. You take out the fear factor when you put the system on Gold. Without fear, Gold is only worth what it costs to get it out of the ground and refined.
Balancing the books is not necessary when you throw out an economic system and instigate a new one. You wouldn’t set up a new basis that included the garbarge from before. That is the whole point.
Gold bugs are suckers.
John
January 25, 2009 at 10:36 AM #335895Participant[quote=4plexowner]john, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies[/quote]
If Gold becomes the standard it will be valued as all commodities are just above the cost of production. The difference now between cost of production and its price is the fear factor. You take out the fear factor when you put the system on Gold. Without fear, Gold is only worth what it costs to get it out of the ground and refined.
Balancing the books is not necessary when you throw out an economic system and instigate a new one. You wouldn’t set up a new basis that included the garbarge from before. That is the whole point.
Gold bugs are suckers.
John
January 25, 2009 at 10:36 AM #335924Participant[quote=4plexowner]john, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies[/quote]
If Gold becomes the standard it will be valued as all commodities are just above the cost of production. The difference now between cost of production and its price is the fear factor. You take out the fear factor when you put the system on Gold. Without fear, Gold is only worth what it costs to get it out of the ground and refined.
Balancing the books is not necessary when you throw out an economic system and instigate a new one. You wouldn’t set up a new basis that included the garbarge from before. That is the whole point.
Gold bugs are suckers.
John
January 25, 2009 at 10:36 AM #336009Participant[quote=4plexowner]john, if you read anything besides anonymous real estate blogs you would realize that gold is far more likely to be re-valued upwards
the US gold is held on the Fed’s books at a value of $42/oz – for them to balance their current books against all the worthless paper they have taken on, all they would have to do is revalue gold at $6000/oz and the books are balanced
you are also being intentionally deceptive (or maybe just uninformed) – gold was revalued from $20/oz to $35/oz – that’s over 60% INCREASE in price
human beings have been choosing gold for at least 5000 years and are currently doing so in spades – that is why gold is at or near all time highs in most currencies[/quote]
If Gold becomes the standard it will be valued as all commodities are just above the cost of production. The difference now between cost of production and its price is the fear factor. You take out the fear factor when you put the system on Gold. Without fear, Gold is only worth what it costs to get it out of the ground and refined.
Balancing the books is not necessary when you throw out an economic system and instigate a new one. You wouldn’t set up a new basis that included the garbarge from before. That is the whole point.
Gold bugs are suckers.
John
January 25, 2009 at 10:47 AM #335506socrattt
Participant[quote=jficquette][quote=air_ogi]Out of curiosity, why do so many real estate bears feel that gold at 3x its 2001 price is a great investment, while real estate at 1.5x its 2001 price will continue to decline?
[/quote]
LOL good point. “Yeah honey, this house on the ocean is a shitty deal but lets buy some gold at a $1k an oz.”
[/quote]Air and jf you ever heard about supply and demand? Remember when Greenspan started lowering interest rates and everyone thought RE was a good buy? At that same time people had no interest in gold as most at that point in time were seeing an upside potential in RE. 7 years ago we could see a long term picture of what was going to happen. Today we can’t even predict a year from now. That is pathetic and leads me to believe that housing poses a much greater risk from a investment perspective.
January 25, 2009 at 10:47 AM #335835Participant[quote=jficquette][quote=air_ogi]Out of curiosity, why do so many real estate bears feel that gold at 3x its 2001 price is a great investment, while real estate at 1.5x its 2001 price will continue to decline?
[/quote]
LOL good point. “Yeah honey, this house on the ocean is a shitty deal but lets buy some gold at a $1k an oz.”
[/quote]Air and jf you ever heard about supply and demand? Remember when Greenspan started lowering interest rates and everyone thought RE was a good buy? At that same time people had no interest in gold as most at that point in time were seeing an upside potential in RE. 7 years ago we could see a long term picture of what was going to happen. Today we can’t even predict a year from now. That is pathetic and leads me to believe that housing poses a much greater risk from a investment perspective.
January 25, 2009 at 10:47 AM #335921Participant[quote=jficquette][quote=air_ogi]Out of curiosity, why do so many real estate bears feel that gold at 3x its 2001 price is a great investment, while real estate at 1.5x its 2001 price will continue to decline?
[/quote]
LOL good point. “Yeah honey, this house on the ocean is a shitty deal but lets buy some gold at a $1k an oz.”
[/quote]Air and jf you ever heard about supply and demand? Remember when Greenspan started lowering interest rates and everyone thought RE was a good buy? At that same time people had no interest in gold as most at that point in time were seeing an upside potential in RE. 7 years ago we could see a long term picture of what was going to happen. Today we can’t even predict a year from now. That is pathetic and leads me to believe that housing poses a much greater risk from a investment perspective.
January 25, 2009 at 10:47 AM #335949Participant[quote=jficquette][quote=air_ogi]Out of curiosity, why do so many real estate bears feel that gold at 3x its 2001 price is a great investment, while real estate at 1.5x its 2001 price will continue to decline?
[/quote]
LOL good point. “Yeah honey, this house on the ocean is a shitty deal but lets buy some gold at a $1k an oz.”
[/quote]Air and jf you ever heard about supply and demand? Remember when Greenspan started lowering interest rates and everyone thought RE was a good buy? At that same time people had no interest in gold as most at that point in time were seeing an upside potential in RE. 7 years ago we could see a long term picture of what was going to happen. Today we can’t even predict a year from now. That is pathetic and leads me to believe that housing poses a much greater risk from a investment perspective.
January 25, 2009 at 10:47 AM #336036Participant[quote=jficquette][quote=air_ogi]Out of curiosity, why do so many real estate bears feel that gold at 3x its 2001 price is a great investment, while real estate at 1.5x its 2001 price will continue to decline?
[/quote]
LOL good point. “Yeah honey, this house on the ocean is a shitty deal but lets buy some gold at a $1k an oz.”
[/quote]Air and jf you ever heard about supply and demand? Remember when Greenspan started lowering interest rates and everyone thought RE was a good buy? At that same time people had no interest in gold as most at that point in time were seeing an upside potential in RE. 7 years ago we could see a long term picture of what was going to happen. Today we can’t even predict a year from now. That is pathetic and leads me to believe that housing poses a much greater risk from a investment perspective.
January 25, 2009 at 11:51 AM #335577air_ogi
ParticipantSupply and demand also explains housing prices in 2005.
Long term, gold and real estate will both benefit if Fed’s actions result in significant inflation.
But almost all people who are bearish on real estate are very bullish on gold and silver. Since premium in gold is currently significantly higher than premium in real estate, I am wondering what the reason are.
Are there other benefits from gold other than inflation hedge? What makes you sure that what happened to oil will not happen to gold?
January 25, 2009 at 11:51 AM #335907ParticipantSupply and demand also explains housing prices in 2005.
Long term, gold and real estate will both benefit if Fed’s actions result in significant inflation.
But almost all people who are bearish on real estate are very bullish on gold and silver. Since premium in gold is currently significantly higher than premium in real estate, I am wondering what the reason are.
Are there other benefits from gold other than inflation hedge? What makes you sure that what happened to oil will not happen to gold?
January 25, 2009 at 11:51 AM #335992ParticipantSupply and demand also explains housing prices in 2005.
Long term, gold and real estate will both benefit if Fed’s actions result in significant inflation.
But almost all people who are bearish on real estate are very bullish on gold and silver. Since premium in gold is currently significantly higher than premium in real estate, I am wondering what the reason are.
Are there other benefits from gold other than inflation hedge? What makes you sure that what happened to oil will not happen to gold?
January 25, 2009 at 11:51 AM #336020ParticipantSupply and demand also explains housing prices in 2005.
Long term, gold and real estate will both benefit if Fed’s actions result in significant inflation.
But almost all people who are bearish on real estate are very bullish on gold and silver. Since premium in gold is currently significantly higher than premium in real estate, I am wondering what the reason are.
Are there other benefits from gold other than inflation hedge? What makes you sure that what happened to oil will not happen to gold?
-
AuthorPosts
- You must be logged in to reply to this topic.