[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Along similar lines, I see pricing in Carmel Valley between owners in new communities versus old(er) all over the map.

Example:

1) Pardee "Saratoga"

http://redfin.com/stingray/do/printable-listing?listing-id=1301818

2724sqft 4bed/3.5 bath. Notice no landscaping yet. $1,047,250

Versus

2) Belmont

http://redfin.com/stingray/do/printable-listing?listing-id=1290882

3,398 sqft, 4bed/3.5 bath.

$997,888-$1,029.000

 

3) or La Strada

http://www.redfin.com/stingray/do/printable-listing?listing-id=1265648

2928 4bed/3.5 bath

$949,000-1,049,000.00

 

I'd say for #1, whoever buys this unit will probably need to shell out another $50k to cover that 5500sqft brown dirt in front and back, and add some irrigation. Then they'll also be shelling out $66/month on hoas.

It's a long way before things start to normalize. My hunch in is some folks in CV are just going after their asking price, and if they can't get what they want, they're just adopting a wait and see approach.

 

 

[Coronita]

Along similar lines, I see pricing in Carmel Valley between owners in new communities versus old(er) all over the map.

Example:

1) Pardee "Saratoga"

http://redfin.com/stingray/do/printable-listing?listing-id=1301818

2724sqft 4bed/3.5 bath. Notice no landscaping yet. $1,047,250

Versus

2) Belmont

http://redfin.com/stingray/do/printable-listing?listing-id=1290882

3,398 sqft, 4bed/3.5 bath.

$997,888-$1,029.000

 

3) or La Strada

http://www.redfin.com/stingray/do/printable-listing?listing-id=1265648

2928 4bed/3.5 bath

$949,000-1,049,000.00

 

I'd say for #1, whoever buys this unit will probably need to shell out another $50k to cover that 5500sqft brown dirt in front and back, and add some irrigation. Then they'll also be shelling out $66/month on hoas.

It's a long way before things start to normalize. My hunch in is some folks in CV are just going after their asking price, and if they can't get what they want, they're just adopting a wait and see approach.

 

 

[Coronita]

Along similar lines, I see pricing in Carmel Valley between owners in new communities versus old(er) all over the map.

Example:

1) Pardee "Saratoga"

http://redfin.com/stingray/do/printable-listing?listing-id=1301818

2724sqft 4bed/3.5 bath. Notice no landscaping yet. $1,047,250

Versus

2) Belmont

http://redfin.com/stingray/do/printable-listing?listing-id=1290882

3,398 sqft, 4bed/3.5 bath.

$997,888-$1,029.000

 

3) or La Strada

http://www.redfin.com/stingray/do/printable-listing?listing-id=1265648

2928 4bed/3.5 bath

$949,000-1,049,000.00

 

I'd say for #1, whoever buys this unit will probably need to shell out another $50k to cover that 5500sqft brown dirt in front and back, and add some irrigation. Then they'll also be shelling out $66/month on hoas.

It's a long way before things start to normalize. My hunch in is some folks in CV are just going after their asking price, and if they can't get what they want, they're just adopting a wait and see approach.

 

 

[Coronita]

Along similar lines, I see pricing in Carmel Valley between owners in new communities versus old(er) all over the map.

Example:

1) Pardee "Saratoga"

http://redfin.com/stingray/do/printable-listing?listing-id=1301818

2724sqft 4bed/3.5 bath. Notice no landscaping yet. $1,047,250

Versus

2) Belmont

http://redfin.com/stingray/do/printable-listing?listing-id=1290882

3,398 sqft, 4bed/3.5 bath.

$997,888-$1,029.000

 

3) or La Strada

http://www.redfin.com/stingray/do/printable-listing?listing-id=1265648

2928 4bed/3.5 bath

$949,000-1,049,000.00

 

I'd say for #1, whoever buys this unit will probably need to shell out another $50k to cover that 5500sqft brown dirt in front and back, and add some irrigation. Then they'll also be shelling out $66/month on hoas.

It's a long way before things start to normalize. My hunch in is some folks in CV are just going after their asking price, and if they can't get what they want, they're just adopting a wait and see approach.

 

 

[Coronita]

Along similar lines, I see pricing in Carmel Valley between owners in new communities versus old(er) all over the map.

Example:

1) Pardee "Saratoga"

http://redfin.com/stingray/do/printable-listing?listing-id=1301818

2724sqft 4bed/3.5 bath. Notice no landscaping yet. $1,047,250

Versus

2) Belmont

http://redfin.com/stingray/do/printable-listing?listing-id=1290882

3,398 sqft, 4bed/3.5 bath.

$997,888-$1,029.000

 

3) or La Strada

http://www.redfin.com/stingray/do/printable-listing?listing-id=1265648

2928 4bed/3.5 bath

$949,000-1,049,000.00

 

I'd say for #1, whoever buys this unit will probably need to shell out another $50k to cover that 5500sqft brown dirt in front and back, and add some irrigation. Then they'll also be shelling out $66/month on hoas.

It's a long way before things start to normalize. My hunch in is some folks in CV are just going after their asking price, and if they can't get what they want, they're just adopting a wait and see approach.

 

 

[Coronita]

Paramount,

The VGPMX fund isn't really a fund investing in gold, silver, and other precious metals. Looking at this fund's holdings, it's many investment in companies that mine precious metals or are in the metal business. It doesn't strictly tract precious metal prices. Example there were days when gold went up, the entire stock market both here and overseas were down, and this fund tracked the stock market's movement and not the price of gold.

 

Second, this fund is basically closed to new investors. So it's a moot point unless you already own this fund.

 

I'm not trying to say this is a bad fund. Actually, I do have it in my portfolio. It's just that it's not truely tracking precious metal prices.  I'm posting the funds holdings below. Also not that this fund does have pretty hefty distributions. So if possible, it's probably better to hold this in tax-exempt or tax-deferred accounts.

 

Lonmin PLC	6,069,413	$454,791,950
Impala Platinum Holdings Ltd. ADR	9,400,000	$327,611,620
Eramet SLN	776,773	$282,902,158
Harry Winston Diamond Corp.	6,575,000	$257,672,045
Johnson Matthey PLC	7,450,000	$253,890,180
Barrick Gold Corp.	5,750,000	$230,948,072
Anglo Platinum Ltd. ADR	1,450,000	$219,490,270
Sims Group Ltd.	6,300,000	$179,802,450
CONSOL Energy, Inc.	3,230,000	$150,518,000
Imerys SA	1,599,197	$145,720,458
K+S AG	730,000	$133,803,867
Peabody Energy Corp.	2,700,000	$129,249,000
BlueScope Steel Ltd.	13,300,000	$126,756,196
FMC Corp.	2,350,000	$122,247,000
Centerra Gold Inc.	12,940,000	$117,086,412
Meridian Gold Inc.	3,500,000	$115,850,000
Minerals Technologies, Inc.	1,377,000	$92,259,000
Iluka Resources Ltd.	17,150,000	$83,846,548
Compania de Minas Buenaventura S.A.u. ADR	1,700,000	$81,226,000
Peter Hambro Mining PLC	2,967,368	$74,643,321
Sherritt International Corp.	4,375,000	$70,024,632
Northam Platinum Ltd.	9,600,000	$68,935,400
Schnitzer Steel Industries, Inc. Class A	900,000	$65,961,000
AMCOL International Corp.	1,600,000	$52,944,000
Centennial Coal Co., Ltd.	15,775,000	$52,258,930
Gold Fields Ltd. ADR	1,900,000	$34,371,000
CSR Ltd.	11,862,069	$32,596,260
Gem Diamond Ltd.	1,171,428	$25,348,194
St. Barbara Ltd.	36,800,000	$19,666,766
Arch Coal, Inc.	300,000	$10,122,000
PT International Nickel Indonesia Tbk	1,250,000	$8,672,808
Hochschild Mining plc	1,050,000	$8,098,536
Consolidated Minerals Ltd.	1,500,000	$6,531,195
Claude Resources, Inc.	4,150,000	$6,017,500
Kenmare Resources PLC	4,550,000	$5,001,056
SouthernEra Diamonds, Inc.	7,022,900	$3,671,551
Arizona Star Resource Corp.	200,000	$2,750,000
Zambezi Resources Ltd.	4,895,833	$2,328,542
Tanami Gold NL	18,170,000	$2,102,554
Bougainville Copper Ltd.	2,000,000	$1,722,889
Mwana Africa PLC	100,000	$108,463
MIL Resources, Ltd.	1,678,671	$104,019

 

[Coronita]

Paramount,

The VGPMX fund isn't really a fund investing in gold, silver, and other precious metals. Looking at this fund's holdings, it's many investment in companies that mine precious metals or are in the metal business. It doesn't strictly tract precious metal prices. Example there were days when gold went up, the entire stock market both here and overseas were down, and this fund tracked the stock market's movement and not the price of gold.

 

Second, this fund is basically closed to new investors. So it's a moot point unless you already own this fund.

 

I'm not trying to say this is a bad fund. Actually, I do have it in my portfolio. It's just that it's not truely tracking precious metal prices.  I'm posting the funds holdings below. Also not that this fund does have pretty hefty distributions. So if possible, it's probably better to hold this in tax-exempt or tax-deferred accounts.

 

Lonmin PLC	6,069,413	$454,791,950
Impala Platinum Holdings Ltd. ADR	9,400,000	$327,611,620
Eramet SLN	776,773	$282,902,158
Harry Winston Diamond Corp.	6,575,000	$257,672,045
Johnson Matthey PLC	7,450,000	$253,890,180
Barrick Gold Corp.	5,750,000	$230,948,072
Anglo Platinum Ltd. ADR	1,450,000	$219,490,270
Sims Group Ltd.	6,300,000	$179,802,450
CONSOL Energy, Inc.	3,230,000	$150,518,000
Imerys SA	1,599,197	$145,720,458
K+S AG	730,000	$133,803,867
Peabody Energy Corp.	2,700,000	$129,249,000
BlueScope Steel Ltd.	13,300,000	$126,756,196
FMC Corp.	2,350,000	$122,247,000
Centerra Gold Inc.	12,940,000	$117,086,412
Meridian Gold Inc.	3,500,000	$115,850,000
Minerals Technologies, Inc.	1,377,000	$92,259,000
Iluka Resources Ltd.	17,150,000	$83,846,548
Compania de Minas Buenaventura S.A.u. ADR	1,700,000	$81,226,000
Peter Hambro Mining PLC	2,967,368	$74,643,321
Sherritt International Corp.	4,375,000	$70,024,632
Northam Platinum Ltd.	9,600,000	$68,935,400
Schnitzer Steel Industries, Inc. Class A	900,000	$65,961,000
AMCOL International Corp.	1,600,000	$52,944,000
Centennial Coal Co., Ltd.	15,775,000	$52,258,930
Gold Fields Ltd. ADR	1,900,000	$34,371,000
CSR Ltd.	11,862,069	$32,596,260
Gem Diamond Ltd.	1,171,428	$25,348,194
St. Barbara Ltd.	36,800,000	$19,666,766
Arch Coal, Inc.	300,000	$10,122,000
PT International Nickel Indonesia Tbk	1,250,000	$8,672,808
Hochschild Mining plc	1,050,000	$8,098,536
Consolidated Minerals Ltd.	1,500,000	$6,531,195
Claude Resources, Inc.	4,150,000	$6,017,500
Kenmare Resources PLC	4,550,000	$5,001,056
SouthernEra Diamonds, Inc.	7,022,900	$3,671,551
Arizona Star Resource Corp.	200,000	$2,750,000
Zambezi Resources Ltd.	4,895,833	$2,328,542
Tanami Gold NL	18,170,000	$2,102,554
Bougainville Copper Ltd.	2,000,000	$1,722,889
Mwana Africa PLC	100,000	$108,463
MIL Resources, Ltd.	1,678,671	$104,019

 

[Coronita]

Paramount,

The VGPMX fund isn't really a fund investing in gold, silver, and other precious metals. Looking at this fund's holdings, it's many investment in companies that mine precious metals or are in the metal business. It doesn't strictly tract precious metal prices. Example there were days when gold went up, the entire stock market both here and overseas were down, and this fund tracked the stock market's movement and not the price of gold.

 

Second, this fund is basically closed to new investors. So it's a moot point unless you already own this fund.

 

I'm not trying to say this is a bad fund. Actually, I do have it in my portfolio. It's just that it's not truely tracking precious metal prices.  I'm posting the funds holdings below. Also not that this fund does have pretty hefty distributions. So if possible, it's probably better to hold this in tax-exempt or tax-deferred accounts.

 

Lonmin PLC	6,069,413	$454,791,950
Impala Platinum Holdings Ltd. ADR	9,400,000	$327,611,620
Eramet SLN	776,773	$282,902,158
Harry Winston Diamond Corp.	6,575,000	$257,672,045
Johnson Matthey PLC	7,450,000	$253,890,180
Barrick Gold Corp.	5,750,000	$230,948,072
Anglo Platinum Ltd. ADR	1,450,000	$219,490,270
Sims Group Ltd.	6,300,000	$179,802,450
CONSOL Energy, Inc.	3,230,000	$150,518,000
Imerys SA	1,599,197	$145,720,458
K+S AG	730,000	$133,803,867
Peabody Energy Corp.	2,700,000	$129,249,000
BlueScope Steel Ltd.	13,300,000	$126,756,196
FMC Corp.	2,350,000	$122,247,000
Centerra Gold Inc.	12,940,000	$117,086,412
Meridian Gold Inc.	3,500,000	$115,850,000
Minerals Technologies, Inc.	1,377,000	$92,259,000
Iluka Resources Ltd.	17,150,000	$83,846,548
Compania de Minas Buenaventura S.A.u. ADR	1,700,000	$81,226,000
Peter Hambro Mining PLC	2,967,368	$74,643,321
Sherritt International Corp.	4,375,000	$70,024,632
Northam Platinum Ltd.	9,600,000	$68,935,400
Schnitzer Steel Industries, Inc. Class A	900,000	$65,961,000
AMCOL International Corp.	1,600,000	$52,944,000
Centennial Coal Co., Ltd.	15,775,000	$52,258,930
Gold Fields Ltd. ADR	1,900,000	$34,371,000
CSR Ltd.	11,862,069	$32,596,260
Gem Diamond Ltd.	1,171,428	$25,348,194
St. Barbara Ltd.	36,800,000	$19,666,766
Arch Coal, Inc.	300,000	$10,122,000
PT International Nickel Indonesia Tbk	1,250,000	$8,672,808
Hochschild Mining plc	1,050,000	$8,098,536
Consolidated Minerals Ltd.	1,500,000	$6,531,195
Claude Resources, Inc.	4,150,000	$6,017,500
Kenmare Resources PLC	4,550,000	$5,001,056
SouthernEra Diamonds, Inc.	7,022,900	$3,671,551
Arizona Star Resource Corp.	200,000	$2,750,000
Zambezi Resources Ltd.	4,895,833	$2,328,542
Tanami Gold NL	18,170,000	$2,102,554
Bougainville Copper Ltd.	2,000,000	$1,722,889
Mwana Africa PLC	100,000	$108,463
MIL Resources, Ltd.	1,678,671	$104,019

 

[Coronita]

Paramount,

The VGPMX fund isn't really a fund investing in gold, silver, and other precious metals. Looking at this fund's holdings, it's many investment in companies that mine precious metals or are in the metal business. It doesn't strictly tract precious metal prices. Example there were days when gold went up, the entire stock market both here and overseas were down, and this fund tracked the stock market's movement and not the price of gold.

 

Second, this fund is basically closed to new investors. So it's a moot point unless you already own this fund.

 

I'm not trying to say this is a bad fund. Actually, I do have it in my portfolio. It's just that it's not truely tracking precious metal prices.  I'm posting the funds holdings below. Also not that this fund does have pretty hefty distributions. So if possible, it's probably better to hold this in tax-exempt or tax-deferred accounts.

 

Lonmin PLC	6,069,413	$454,791,950
Impala Platinum Holdings Ltd. ADR	9,400,000	$327,611,620
Eramet SLN	776,773	$282,902,158
Harry Winston Diamond Corp.	6,575,000	$257,672,045
Johnson Matthey PLC	7,450,000	$253,890,180
Barrick Gold Corp.	5,750,000	$230,948,072
Anglo Platinum Ltd. ADR	1,450,000	$219,490,270
Sims Group Ltd.	6,300,000	$179,802,450
CONSOL Energy, Inc.	3,230,000	$150,518,000
Imerys SA	1,599,197	$145,720,458
K+S AG	730,000	$133,803,867
Peabody Energy Corp.	2,700,000	$129,249,000
BlueScope Steel Ltd.	13,300,000	$126,756,196
FMC Corp.	2,350,000	$122,247,000
Centerra Gold Inc.	12,940,000	$117,086,412
Meridian Gold Inc.	3,500,000	$115,850,000
Minerals Technologies, Inc.	1,377,000	$92,259,000
Iluka Resources Ltd.	17,150,000	$83,846,548
Compania de Minas Buenaventura S.A.u. ADR	1,700,000	$81,226,000
Peter Hambro Mining PLC	2,967,368	$74,643,321
Sherritt International Corp.	4,375,000	$70,024,632
Northam Platinum Ltd.	9,600,000	$68,935,400
Schnitzer Steel Industries, Inc. Class A	900,000	$65,961,000
AMCOL International Corp.	1,600,000	$52,944,000
Centennial Coal Co., Ltd.	15,775,000	$52,258,930
Gold Fields Ltd. ADR	1,900,000	$34,371,000
CSR Ltd.	11,862,069	$32,596,260
Gem Diamond Ltd.	1,171,428	$25,348,194
St. Barbara Ltd.	36,800,000	$19,666,766
Arch Coal, Inc.	300,000	$10,122,000
PT International Nickel Indonesia Tbk	1,250,000	$8,672,808
Hochschild Mining plc	1,050,000	$8,098,536
Consolidated Minerals Ltd.	1,500,000	$6,531,195
Claude Resources, Inc.	4,150,000	$6,017,500
Kenmare Resources PLC	4,550,000	$5,001,056
SouthernEra Diamonds, Inc.	7,022,900	$3,671,551
Arizona Star Resource Corp.	200,000	$2,750,000
Zambezi Resources Ltd.	4,895,833	$2,328,542
Tanami Gold NL	18,170,000	$2,102,554
Bougainville Copper Ltd.	2,000,000	$1,722,889
Mwana Africa PLC	100,000	$108,463
MIL Resources, Ltd.	1,678,671	$104,019

 

[Coronita]

Paramount,

The VGPMX fund isn't really a fund investing in gold, silver, and other precious metals. Looking at this fund's holdings, it's many investment in companies that mine precious metals or are in the metal business. It doesn't strictly tract precious metal prices. Example there were days when gold went up, the entire stock market both here and overseas were down, and this fund tracked the stock market's movement and not the price of gold.

 

Second, this fund is basically closed to new investors. So it's a moot point unless you already own this fund.

 

I'm not trying to say this is a bad fund. Actually, I do have it in my portfolio. It's just that it's not truely tracking precious metal prices.  I'm posting the funds holdings below. Also not that this fund does have pretty hefty distributions. So if possible, it's probably better to hold this in tax-exempt or tax-deferred accounts.

 

Lonmin PLC	6,069,413	$454,791,950
Impala Platinum Holdings Ltd. ADR	9,400,000	$327,611,620
Eramet SLN	776,773	$282,902,158
Harry Winston Diamond Corp.	6,575,000	$257,672,045
Johnson Matthey PLC	7,450,000	$253,890,180
Barrick Gold Corp.	5,750,000	$230,948,072
Anglo Platinum Ltd. ADR	1,450,000	$219,490,270
Sims Group Ltd.	6,300,000	$179,802,450
CONSOL Energy, Inc.	3,230,000	$150,518,000
Imerys SA	1,599,197	$145,720,458
K+S AG	730,000	$133,803,867
Peabody Energy Corp.	2,700,000	$129,249,000
BlueScope Steel Ltd.	13,300,000	$126,756,196
FMC Corp.	2,350,000	$122,247,000
Centerra Gold Inc.	12,940,000	$117,086,412
Meridian Gold Inc.	3,500,000	$115,850,000
Minerals Technologies, Inc.	1,377,000	$92,259,000
Iluka Resources Ltd.	17,150,000	$83,846,548
Compania de Minas Buenaventura S.A.u. ADR	1,700,000	$81,226,000
Peter Hambro Mining PLC	2,967,368	$74,643,321
Sherritt International Corp.	4,375,000	$70,024,632
Northam Platinum Ltd.	9,600,000	$68,935,400
Schnitzer Steel Industries, Inc. Class A	900,000	$65,961,000
AMCOL International Corp.	1,600,000	$52,944,000
Centennial Coal Co., Ltd.	15,775,000	$52,258,930
Gold Fields Ltd. ADR	1,900,000	$34,371,000
CSR Ltd.	11,862,069	$32,596,260
Gem Diamond Ltd.	1,171,428	$25,348,194
St. Barbara Ltd.	36,800,000	$19,666,766
Arch Coal, Inc.	300,000	$10,122,000
PT International Nickel Indonesia Tbk	1,250,000	$8,672,808
Hochschild Mining plc	1,050,000	$8,098,536
Consolidated Minerals Ltd.	1,500,000	$6,531,195
Claude Resources, Inc.	4,150,000	$6,017,500
Kenmare Resources PLC	4,550,000	$5,001,056
SouthernEra Diamonds, Inc.	7,022,900	$3,671,551
Arizona Star Resource Corp.	200,000	$2,750,000
Zambezi Resources Ltd.	4,895,833	$2,328,542
Tanami Gold NL	18,170,000	$2,102,554
Bougainville Copper Ltd.	2,000,000	$1,722,889
Mwana Africa PLC	100,000	$108,463
MIL Resources, Ltd.	1,678,671	$104,019

 

[Author]

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