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bob2007Participant
Forgot about the zombies. I hear they are attracted to the sound of a generator.
bob2007ParticipantWe were having a discussion on physical gold and silver today where I work. It reminded me of the early Piggington days before the housing crash. I would be interested in any comments people here might have on whether or not they see the following scenario as the next “crash” or a chance to cash in.
There are 3 guys who believe the all the fiat currencies will crash, especially the US. When that happens they want to have physical gold and silver on hand, as well as Sprott’s physical gold and silver funds, PHYS and PSLV. These trade at 22+ percent above ETF’s like SLV for silver. The reason they say is that SLV really doesn’t have silver, just paper that says they have silver.
Here is a really brief summary of their views:
– SLV and GLD are only paper
– The US currency will collapse
– The web site they read religiously (all day long at work) is http://tfmetalsreport.blogspot.com.
– 2 have purchased refrigerators and loaded them with meat so they can survive the upcoming crash (not sure they planned for the electricity going out if that happened) as well as excessive inflation (that seems more reasonable).
The counter to the PSLV argument is here:
So, is this a problem/opportunity? Should everyone invest heavily in silver before the big “event”, like selling your house in 2005?
I know this is off topic for housing, but it seems interesting from the point of a group of people with the foresight to see the mortgage crisis.
bob2007ParticipantWe were having a discussion on physical gold and silver today where I work. It reminded me of the early Piggington days before the housing crash. I would be interested in any comments people here might have on whether or not they see the following scenario as the next “crash” or a chance to cash in.
There are 3 guys who believe the all the fiat currencies will crash, especially the US. When that happens they want to have physical gold and silver on hand, as well as Sprott’s physical gold and silver funds, PHYS and PSLV. These trade at 22+ percent above ETF’s like SLV for silver. The reason they say is that SLV really doesn’t have silver, just paper that says they have silver.
Here is a really brief summary of their views:
– SLV and GLD are only paper
– The US currency will collapse
– The web site they read religiously (all day long at work) is http://tfmetalsreport.blogspot.com.
– 2 have purchased refrigerators and loaded them with meat so they can survive the upcoming crash (not sure they planned for the electricity going out if that happened) as well as excessive inflation (that seems more reasonable).
The counter to the PSLV argument is here:
So, is this a problem/opportunity? Should everyone invest heavily in silver before the big “event”, like selling your house in 2005?
I know this is off topic for housing, but it seems interesting from the point of a group of people with the foresight to see the mortgage crisis.
bob2007ParticipantWe were having a discussion on physical gold and silver today where I work. It reminded me of the early Piggington days before the housing crash. I would be interested in any comments people here might have on whether or not they see the following scenario as the next “crash” or a chance to cash in.
There are 3 guys who believe the all the fiat currencies will crash, especially the US. When that happens they want to have physical gold and silver on hand, as well as Sprott’s physical gold and silver funds, PHYS and PSLV. These trade at 22+ percent above ETF’s like SLV for silver. The reason they say is that SLV really doesn’t have silver, just paper that says they have silver.
Here is a really brief summary of their views:
– SLV and GLD are only paper
– The US currency will collapse
– The web site they read religiously (all day long at work) is http://tfmetalsreport.blogspot.com.
– 2 have purchased refrigerators and loaded them with meat so they can survive the upcoming crash (not sure they planned for the electricity going out if that happened) as well as excessive inflation (that seems more reasonable).
The counter to the PSLV argument is here:
So, is this a problem/opportunity? Should everyone invest heavily in silver before the big “event”, like selling your house in 2005?
I know this is off topic for housing, but it seems interesting from the point of a group of people with the foresight to see the mortgage crisis.
bob2007ParticipantWe were having a discussion on physical gold and silver today where I work. It reminded me of the early Piggington days before the housing crash. I would be interested in any comments people here might have on whether or not they see the following scenario as the next “crash” or a chance to cash in.
There are 3 guys who believe the all the fiat currencies will crash, especially the US. When that happens they want to have physical gold and silver on hand, as well as Sprott’s physical gold and silver funds, PHYS and PSLV. These trade at 22+ percent above ETF’s like SLV for silver. The reason they say is that SLV really doesn’t have silver, just paper that says they have silver.
Here is a really brief summary of their views:
– SLV and GLD are only paper
– The US currency will collapse
– The web site they read religiously (all day long at work) is http://tfmetalsreport.blogspot.com.
– 2 have purchased refrigerators and loaded them with meat so they can survive the upcoming crash (not sure they planned for the electricity going out if that happened) as well as excessive inflation (that seems more reasonable).
The counter to the PSLV argument is here:
So, is this a problem/opportunity? Should everyone invest heavily in silver before the big “event”, like selling your house in 2005?
I know this is off topic for housing, but it seems interesting from the point of a group of people with the foresight to see the mortgage crisis.
bob2007ParticipantWe were having a discussion on physical gold and silver today where I work. It reminded me of the early Piggington days before the housing crash. I would be interested in any comments people here might have on whether or not they see the following scenario as the next “crash” or a chance to cash in.
There are 3 guys who believe the all the fiat currencies will crash, especially the US. When that happens they want to have physical gold and silver on hand, as well as Sprott’s physical gold and silver funds, PHYS and PSLV. These trade at 22+ percent above ETF’s like SLV for silver. The reason they say is that SLV really doesn’t have silver, just paper that says they have silver.
Here is a really brief summary of their views:
– SLV and GLD are only paper
– The US currency will collapse
– The web site they read religiously (all day long at work) is http://tfmetalsreport.blogspot.com.
– 2 have purchased refrigerators and loaded them with meat so they can survive the upcoming crash (not sure they planned for the electricity going out if that happened) as well as excessive inflation (that seems more reasonable).
The counter to the PSLV argument is here:
So, is this a problem/opportunity? Should everyone invest heavily in silver before the big “event”, like selling your house in 2005?
I know this is off topic for housing, but it seems interesting from the point of a group of people with the foresight to see the mortgage crisis.
bob2007ParticipantWhat an interesting topic. I have actually been trying to come up with something as an investment idea in MI for the past month. I’m not sure it would be RE; in my opinion it seems like it would be flat for a while.
Comments on Ann Arbor seem to be good. Lots of smart college kids there and maybe a start-up opportunity for money or renting space.
Surrounded by fresh water, although the quality varies ;). It seems that at some point the state/cities should realize they need to provide breaks to businesses to attract them. The unions have always been a problem there, but in the past 3 years it seems the workforce is realizing that unions are not the way to prosperity. This, despite the fact the GM union benefited in a huge way through the gov’t takeover of GM. Transfer of wealth from investors to union members. Ford is a much better story.
I’m rambling, but I truly would like to be part of a success story there. Lots of good hard working people that deserve a chance (plenty of non-workers as well). It would be great if you share some of your ideas in this area.
bob2007ParticipantWhat an interesting topic. I have actually been trying to come up with something as an investment idea in MI for the past month. I’m not sure it would be RE; in my opinion it seems like it would be flat for a while.
Comments on Ann Arbor seem to be good. Lots of smart college kids there and maybe a start-up opportunity for money or renting space.
Surrounded by fresh water, although the quality varies ;). It seems that at some point the state/cities should realize they need to provide breaks to businesses to attract them. The unions have always been a problem there, but in the past 3 years it seems the workforce is realizing that unions are not the way to prosperity. This, despite the fact the GM union benefited in a huge way through the gov’t takeover of GM. Transfer of wealth from investors to union members. Ford is a much better story.
I’m rambling, but I truly would like to be part of a success story there. Lots of good hard working people that deserve a chance (plenty of non-workers as well). It would be great if you share some of your ideas in this area.
bob2007ParticipantWhat an interesting topic. I have actually been trying to come up with something as an investment idea in MI for the past month. I’m not sure it would be RE; in my opinion it seems like it would be flat for a while.
Comments on Ann Arbor seem to be good. Lots of smart college kids there and maybe a start-up opportunity for money or renting space.
Surrounded by fresh water, although the quality varies ;). It seems that at some point the state/cities should realize they need to provide breaks to businesses to attract them. The unions have always been a problem there, but in the past 3 years it seems the workforce is realizing that unions are not the way to prosperity. This, despite the fact the GM union benefited in a huge way through the gov’t takeover of GM. Transfer of wealth from investors to union members. Ford is a much better story.
I’m rambling, but I truly would like to be part of a success story there. Lots of good hard working people that deserve a chance (plenty of non-workers as well). It would be great if you share some of your ideas in this area.
bob2007ParticipantWhat an interesting topic. I have actually been trying to come up with something as an investment idea in MI for the past month. I’m not sure it would be RE; in my opinion it seems like it would be flat for a while.
Comments on Ann Arbor seem to be good. Lots of smart college kids there and maybe a start-up opportunity for money or renting space.
Surrounded by fresh water, although the quality varies ;). It seems that at some point the state/cities should realize they need to provide breaks to businesses to attract them. The unions have always been a problem there, but in the past 3 years it seems the workforce is realizing that unions are not the way to prosperity. This, despite the fact the GM union benefited in a huge way through the gov’t takeover of GM. Transfer of wealth from investors to union members. Ford is a much better story.
I’m rambling, but I truly would like to be part of a success story there. Lots of good hard working people that deserve a chance (plenty of non-workers as well). It would be great if you share some of your ideas in this area.
bob2007ParticipantWhat an interesting topic. I have actually been trying to come up with something as an investment idea in MI for the past month. I’m not sure it would be RE; in my opinion it seems like it would be flat for a while.
Comments on Ann Arbor seem to be good. Lots of smart college kids there and maybe a start-up opportunity for money or renting space.
Surrounded by fresh water, although the quality varies ;). It seems that at some point the state/cities should realize they need to provide breaks to businesses to attract them. The unions have always been a problem there, but in the past 3 years it seems the workforce is realizing that unions are not the way to prosperity. This, despite the fact the GM union benefited in a huge way through the gov’t takeover of GM. Transfer of wealth from investors to union members. Ford is a much better story.
I’m rambling, but I truly would like to be part of a success story there. Lots of good hard working people that deserve a chance (plenty of non-workers as well). It would be great if you share some of your ideas in this area.
bob2007ParticipantI’ve had the same experience as njtosd. Originally from Ohio. Moved back there, lasted 18 months. It was great to see the family on visits, snow (more like slush) and cold was fun and a novelty. Living and working there was different.
As with njtosd’s experience, most people grew up and live there, which I though would make things even better. Nice neighbors, family neighborhoods, etc. But in a lot of cases they are not as accepting of new people and its really hard to become a part of a group that has been together 20 years (since high school).
Cost savings were not even close to what I had calculated. Although housing was less, there were a lot of expenses I hadn’t considered: property tax was higher, trash pickup, utilities in winter, etc.
Living essentially indoors for 4-5 months a year was a major change from socal.
People are different, experiences are different, so yours may be completely different. But this story is a very common one.
PS. I would think texas is a better choice: loewer taxes, better weather, and one of the few growing economies with gov’t in place focused on making it better.
bob2007ParticipantI’ve had the same experience as njtosd. Originally from Ohio. Moved back there, lasted 18 months. It was great to see the family on visits, snow (more like slush) and cold was fun and a novelty. Living and working there was different.
As with njtosd’s experience, most people grew up and live there, which I though would make things even better. Nice neighbors, family neighborhoods, etc. But in a lot of cases they are not as accepting of new people and its really hard to become a part of a group that has been together 20 years (since high school).
Cost savings were not even close to what I had calculated. Although housing was less, there were a lot of expenses I hadn’t considered: property tax was higher, trash pickup, utilities in winter, etc.
Living essentially indoors for 4-5 months a year was a major change from socal.
People are different, experiences are different, so yours may be completely different. But this story is a very common one.
PS. I would think texas is a better choice: loewer taxes, better weather, and one of the few growing economies with gov’t in place focused on making it better.
bob2007ParticipantI’ve had the same experience as njtosd. Originally from Ohio. Moved back there, lasted 18 months. It was great to see the family on visits, snow (more like slush) and cold was fun and a novelty. Living and working there was different.
As with njtosd’s experience, most people grew up and live there, which I though would make things even better. Nice neighbors, family neighborhoods, etc. But in a lot of cases they are not as accepting of new people and its really hard to become a part of a group that has been together 20 years (since high school).
Cost savings were not even close to what I had calculated. Although housing was less, there were a lot of expenses I hadn’t considered: property tax was higher, trash pickup, utilities in winter, etc.
Living essentially indoors for 4-5 months a year was a major change from socal.
People are different, experiences are different, so yours may be completely different. But this story is a very common one.
PS. I would think texas is a better choice: loewer taxes, better weather, and one of the few growing economies with gov’t in place focused on making it better.
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