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34f3f3f
ParticipantMy post was more hypothetical, and pointing to security of assets rather than short term profits to be had from current gold speculation. I do know Rich and am aware of his views, and have myself been well invested in gold for some time. However, for those seeking a little more stability and security, bricks and mortar, even if still on a depreciating curve, has one fundamental benefit over everything else, you can live in it. I don’t think the time has been reached yet for many of us, but is got pretty close to at least considering it over the last few days, driven less my prices and more by financial anarchy.
34f3f3f
ParticipantMy post was more hypothetical, and pointing to security of assets rather than short term profits to be had from current gold speculation. I do know Rich and am aware of his views, and have myself been well invested in gold for some time. However, for those seeking a little more stability and security, bricks and mortar, even if still on a depreciating curve, has one fundamental benefit over everything else, you can live in it. I don’t think the time has been reached yet for many of us, but is got pretty close to at least considering it over the last few days, driven less my prices and more by financial anarchy.
34f3f3f
ParticipantMy post was more hypothetical, and pointing to security of assets rather than short term profits to be had from current gold speculation. I do know Rich and am aware of his views, and have myself been well invested in gold for some time. However, for those seeking a little more stability and security, bricks and mortar, even if still on a depreciating curve, has one fundamental benefit over everything else, you can live in it. I don’t think the time has been reached yet for many of us, but is got pretty close to at least considering it over the last few days, driven less my prices and more by financial anarchy.
34f3f3f
ParticipantMy post was more hypothetical, and pointing to security of assets rather than short term profits to be had from current gold speculation. I do know Rich and am aware of his views, and have myself been well invested in gold for some time. However, for those seeking a little more stability and security, bricks and mortar, even if still on a depreciating curve, has one fundamental benefit over everything else, you can live in it. I don’t think the time has been reached yet for many of us, but is got pretty close to at least considering it over the last few days, driven less my prices and more by financial anarchy.
September 19, 2008 at 9:31 AM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #27266834f3f3f
ParticipantI personally was a little relieved to hear your president speaking this morning. A trillion dollars does sound like a lot of money, and one wonders who’s going to buy all those bad mortgages from the government. Regarding the FDIC, I’m not convinced that his promise to pay will stick. My understanding (which was related to me by one of my brokers) is that the FDIC is not a government entity, as Mr Bush seemed to be saying, and that legally it is not even obliged to pay claims. Maybe what he was trying to say, is “Don’t worry folks, we’re here to save you all”. That it should have come to this for either the President, or candidates for that matter to officially recognize the severity publicly says a lot about how reactive as opposed to proactive the system is. Conspicuous by it’s absence was any reference to the need for a regulatory framework. This obviously would give Obama the ammunition he needs.
September 19, 2008 at 9:31 AM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #27291034f3f3f
ParticipantI personally was a little relieved to hear your president speaking this morning. A trillion dollars does sound like a lot of money, and one wonders who’s going to buy all those bad mortgages from the government. Regarding the FDIC, I’m not convinced that his promise to pay will stick. My understanding (which was related to me by one of my brokers) is that the FDIC is not a government entity, as Mr Bush seemed to be saying, and that legally it is not even obliged to pay claims. Maybe what he was trying to say, is “Don’t worry folks, we’re here to save you all”. That it should have come to this for either the President, or candidates for that matter to officially recognize the severity publicly says a lot about how reactive as opposed to proactive the system is. Conspicuous by it’s absence was any reference to the need for a regulatory framework. This obviously would give Obama the ammunition he needs.
September 19, 2008 at 9:31 AM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #27291734f3f3f
ParticipantI personally was a little relieved to hear your president speaking this morning. A trillion dollars does sound like a lot of money, and one wonders who’s going to buy all those bad mortgages from the government. Regarding the FDIC, I’m not convinced that his promise to pay will stick. My understanding (which was related to me by one of my brokers) is that the FDIC is not a government entity, as Mr Bush seemed to be saying, and that legally it is not even obliged to pay claims. Maybe what he was trying to say, is “Don’t worry folks, we’re here to save you all”. That it should have come to this for either the President, or candidates for that matter to officially recognize the severity publicly says a lot about how reactive as opposed to proactive the system is. Conspicuous by it’s absence was any reference to the need for a regulatory framework. This obviously would give Obama the ammunition he needs.
September 19, 2008 at 9:31 AM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #27295934f3f3f
ParticipantI personally was a little relieved to hear your president speaking this morning. A trillion dollars does sound like a lot of money, and one wonders who’s going to buy all those bad mortgages from the government. Regarding the FDIC, I’m not convinced that his promise to pay will stick. My understanding (which was related to me by one of my brokers) is that the FDIC is not a government entity, as Mr Bush seemed to be saying, and that legally it is not even obliged to pay claims. Maybe what he was trying to say, is “Don’t worry folks, we’re here to save you all”. That it should have come to this for either the President, or candidates for that matter to officially recognize the severity publicly says a lot about how reactive as opposed to proactive the system is. Conspicuous by it’s absence was any reference to the need for a regulatory framework. This obviously would give Obama the ammunition he needs.
September 19, 2008 at 9:31 AM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #27298334f3f3f
ParticipantI personally was a little relieved to hear your president speaking this morning. A trillion dollars does sound like a lot of money, and one wonders who’s going to buy all those bad mortgages from the government. Regarding the FDIC, I’m not convinced that his promise to pay will stick. My understanding (which was related to me by one of my brokers) is that the FDIC is not a government entity, as Mr Bush seemed to be saying, and that legally it is not even obliged to pay claims. Maybe what he was trying to say, is “Don’t worry folks, we’re here to save you all”. That it should have come to this for either the President, or candidates for that matter to officially recognize the severity publicly says a lot about how reactive as opposed to proactive the system is. Conspicuous by it’s absence was any reference to the need for a regulatory framework. This obviously would give Obama the ammunition he needs.
34f3f3f
ParticipantRustico, I am principally referring cash investors.
34f3f3f
ParticipantRustico, I am principally referring cash investors.
34f3f3f
ParticipantRustico, I am principally referring cash investors.
34f3f3f
ParticipantRustico, I am principally referring cash investors.
34f3f3f
ParticipantRustico, I am principally referring cash investors.
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