US Housing priced in gold

[4plexowner]

if you had been paying attention to my posts back in 2004 you would have bought gold for under $500 and silver for less than $5 (currently $887 and $12.50)

“Look first for assets that are priced less than their long-term average”

please enlighten us as to what these asset classes are (without mentioning equities) or give us an example

“buying things that have tripled in price in recent times isn’t a wise long-term strategy”

that’s a very simplistic guideline – no mention of fundamental analysis – so oil tripling from $10 to $30 makes it a less-than-wise investment? – oil subsequently went to $147

[patientrenter]

4plex, I am a lot more skeptical of assets that have tripled in price recently than I am of other assets. Have I ever bought any? Yes. Am I less likely to buy these assets than others? Yes.

I am not saying you will be unhappy if you buy an asset that has tripled. If you are very committed to such an asset, for whatever reason, then go for it, and I wish you good luck.

[patientrenter]

4plex, I am a lot more skeptical of assets that have tripled in price recently than I am of other assets. Have I ever bought any? Yes. Am I less likely to buy these assets than others? Yes.

I am not saying you will be unhappy if you buy an asset that has tripled. If you are very committed to such an asset, for whatever reason, then go for it, and I wish you good luck.

[patientrenter]

4plex, I am a lot more skeptical of assets that have tripled in price recently than I am of other assets. Have I ever bought any? Yes. Am I less likely to buy these assets than others? Yes.

I am not saying you will be unhappy if you buy an asset that has tripled. If you are very committed to such an asset, for whatever reason, then go for it, and I wish you good luck.

[patientrenter]

4plex, I am a lot more skeptical of assets that have tripled in price recently than I am of other assets. Have I ever bought any? Yes. Am I less likely to buy these assets than others? Yes.

I am not saying you will be unhappy if you buy an asset that has tripled. If you are very committed to such an asset, for whatever reason, then go for it, and I wish you good luck.

[patientrenter]

4plex, I am a lot more skeptical of assets that have tripled in price recently than I am of other assets. Have I ever bought any? Yes. Am I less likely to buy these assets than others? Yes.

I am not saying you will be unhappy if you buy an asset that has tripled. If you are very committed to such an asset, for whatever reason, then go for it, and I wish you good luck.

[4plexowner]

http://www.marketwatch.com/news/story/Chinas-gold-buy-raises-eyebrows/story.aspx?guid={13486258-94EA-44E8-AEC4-3691693D6B42}&dist=SecMostRead

“And it didn’t just announce its gold accumulation last week. It also asked the International Monetary Fund to sell its entire 3,217 tons reserve, Kosares points out.

…

The request, combined with the announcement on reserves, “is intended to deliver a message to the financial markets [that China] sees gold as an important part of the overall international monetary scheme — a scheme that may evolve to a system in time,” said Kosares. ”

~

China wants to buy all 3200 tons of gold that the IMF holds – guess we better tell them that it has recently tripled in price …

[4plexowner]

http://www.marketwatch.com/news/story/Chinas-gold-buy-raises-eyebrows/story.aspx?guid={13486258-94EA-44E8-AEC4-3691693D6B42}&dist=SecMostRead

“And it didn’t just announce its gold accumulation last week. It also asked the International Monetary Fund to sell its entire 3,217 tons reserve, Kosares points out.

…

The request, combined with the announcement on reserves, “is intended to deliver a message to the financial markets [that China] sees gold as an important part of the overall international monetary scheme — a scheme that may evolve to a system in time,” said Kosares. ”

~

China wants to buy all 3200 tons of gold that the IMF holds – guess we better tell them that it has recently tripled in price …

[4plexowner]

http://www.marketwatch.com/news/story/Chinas-gold-buy-raises-eyebrows/story.aspx?guid={13486258-94EA-44E8-AEC4-3691693D6B42}&dist=SecMostRead

“And it didn’t just announce its gold accumulation last week. It also asked the International Monetary Fund to sell its entire 3,217 tons reserve, Kosares points out.

…

The request, combined with the announcement on reserves, “is intended to deliver a message to the financial markets [that China] sees gold as an important part of the overall international monetary scheme — a scheme that may evolve to a system in time,” said Kosares. ”

~

China wants to buy all 3200 tons of gold that the IMF holds – guess we better tell them that it has recently tripled in price …

[4plexowner]

http://www.marketwatch.com/news/story/Chinas-gold-buy-raises-eyebrows/story.aspx?guid={13486258-94EA-44E8-AEC4-3691693D6B42}&dist=SecMostRead

“And it didn’t just announce its gold accumulation last week. It also asked the International Monetary Fund to sell its entire 3,217 tons reserve, Kosares points out.

…

The request, combined with the announcement on reserves, “is intended to deliver a message to the financial markets [that China] sees gold as an important part of the overall international monetary scheme — a scheme that may evolve to a system in time,” said Kosares. ”

~

China wants to buy all 3200 tons of gold that the IMF holds – guess we better tell them that it has recently tripled in price …

[4plexowner]

http://www.marketwatch.com/news/story/Chinas-gold-buy-raises-eyebrows/story.aspx?guid={13486258-94EA-44E8-AEC4-3691693D6B42}&dist=SecMostRead

“And it didn’t just announce its gold accumulation last week. It also asked the International Monetary Fund to sell its entire 3,217 tons reserve, Kosares points out.

…

The request, combined with the announcement on reserves, “is intended to deliver a message to the financial markets [that China] sees gold as an important part of the overall international monetary scheme — a scheme that may evolve to a system in time,” said Kosares. ”

~

China wants to buy all 3200 tons of gold that the IMF holds – guess we better tell them that it has recently tripled in price …

[peterb]

It is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.

[peterb]

It is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.

[peterb]

It is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.

[peterb]

It is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.

[Author]

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