[Adebisi]

[quote=Nor-LA-SD-guy]Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,[/quote]

You’ve made a bunch of conclusory statements with nothing to back them. As long as the Fed continues to monetize the bad debt in the system, the dollar will continue to go down and fiat money substitutes (gold, silver) will go continue to go up.

[Adebisi]

[quote=Nor-LA-SD-guy]Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,[/quote]

You’ve made a bunch of conclusory statements with nothing to back them. As long as the Fed continues to monetize the bad debt in the system, the dollar will continue to go down and fiat money substitutes (gold, silver) will go continue to go up.

[Adebisi]

[quote=Nor-LA-SD-guy]Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,[/quote]

You’ve made a bunch of conclusory statements with nothing to back them. As long as the Fed continues to monetize the bad debt in the system, the dollar will continue to go down and fiat money substitutes (gold, silver) will go continue to go up.

[Adebisi]

[quote=Nor-LA-SD-guy]Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,[/quote]

You’ve made a bunch of conclusory statements with nothing to back them. As long as the Fed continues to monetize the bad debt in the system, the dollar will continue to go down and fiat money substitutes (gold, silver) will go continue to go up.

[Adebisi]

[quote=Nor-LA-SD-guy]Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,[/quote]

You’ve made a bunch of conclusory statements with nothing to back them. As long as the Fed continues to monetize the bad debt in the system, the dollar will continue to go down and fiat money substitutes (gold, silver) will go continue to go up.

[Adebisi]

[quote=scaredycat]is it immoral to play by the rules? it feels wrong, but is it wrong? why?[/quote]

Maybe ‘morality’ wasn’t the right term. However, with FHA you have a two-party transaction (homebuyer and lender) in which the loss is borne by a third party (taxpayer). In such a transaction, it’s in the buyer’s and lender’s interest to structure the transaction in such a way that the silent third-party (taxpayer) is stuck with as much risk as possible.

So that’s what’s happening, and that’s why gold is going up and the dollar is collapsing.

[Adebisi]

[quote=scaredycat]is it immoral to play by the rules? it feels wrong, but is it wrong? why?[/quote]

Maybe ‘morality’ wasn’t the right term. However, with FHA you have a two-party transaction (homebuyer and lender) in which the loss is borne by a third party (taxpayer). In such a transaction, it’s in the buyer’s and lender’s interest to structure the transaction in such a way that the silent third-party (taxpayer) is stuck with as much risk as possible.

So that’s what’s happening, and that’s why gold is going up and the dollar is collapsing.

[Adebisi]

[quote=scaredycat]is it immoral to play by the rules? it feels wrong, but is it wrong? why?[/quote]

Maybe ‘morality’ wasn’t the right term. However, with FHA you have a two-party transaction (homebuyer and lender) in which the loss is borne by a third party (taxpayer). In such a transaction, it’s in the buyer’s and lender’s interest to structure the transaction in such a way that the silent third-party (taxpayer) is stuck with as much risk as possible.

So that’s what’s happening, and that’s why gold is going up and the dollar is collapsing.

[Adebisi]

[quote=scaredycat]is it immoral to play by the rules? it feels wrong, but is it wrong? why?[/quote]

Maybe ‘morality’ wasn’t the right term. However, with FHA you have a two-party transaction (homebuyer and lender) in which the loss is borne by a third party (taxpayer). In such a transaction, it’s in the buyer’s and lender’s interest to structure the transaction in such a way that the silent third-party (taxpayer) is stuck with as much risk as possible.

So that’s what’s happening, and that’s why gold is going up and the dollar is collapsing.

[Adebisi]

[quote=scaredycat]is it immoral to play by the rules? it feels wrong, but is it wrong? why?[/quote]

Maybe ‘morality’ wasn’t the right term. However, with FHA you have a two-party transaction (homebuyer and lender) in which the loss is borne by a third party (taxpayer). In such a transaction, it’s in the buyer’s and lender’s interest to structure the transaction in such a way that the silent third-party (taxpayer) is stuck with as much risk as possible.

So that’s what’s happening, and that’s why gold is going up and the dollar is collapsing.

[Adebisi]

[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]

I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?

[Adebisi]

[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]

I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?

[Adebisi]

[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]

I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?

[Adebisi]

[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]

I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?

[Adebisi]

[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]

I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?

[Author]

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