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CricketOnTheHearth
ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
ParticipantI’m not sure what to think of gold.
For one, I’m getting deja vu to the big gold boom of the early ’80’s. Then, like now, the economy was under great stress, and people were scared– so they stampeded to gold. At one point it got up to $1000 an ounce IIRC.In those days, too, just like today, you had shills pushing gold on the mass media. It seems that whenever it spikes up to a high price, that’s when sleek-talking salesmen and saleswomen come on the TV urging you to buy. Hm, you think they bought it in ’05 at $450 an ounce and are looking to sell….?
However, the peak of the ’80’s didn’t last long, and the price quickly dropped back down. I saw a graph on one of the econ blogs recently which showed the big ’80 spike and the rise we’ve had in the last couple of years. Compared to the prices of gold the rest of the time ($300-400 range for years on end) they both looked like short-term spikes of about equal height.
On the other hand, there is the argument that gold is the item of value of choice when dollars, stocks, etc head south. It is the one item you can be sure that people will always want and buy.
You could also say the rise in the price of gold is an illusion which reflects the fact that the dollar has actually fallen in purchasing power.
I’m inclined to agree with drunkle. Gold seems kind of “bubbled” to me– but passions are high these days, and will drive its price higher in the short term (next year or two), IMO.
>chirp<
Participant“Do you guys know of anyone like this?”
Yes, me.
Those Texas prices…. sigh.
I might be persuaded to move to Austin. If I didn’t have the friends I have here in SD I would have already moved out of state 4 or 5 years ago.
>chirp<
ParticipantNo need to be nasty to Veees.
This is probably one of the few places Veees or other newcomers can hope to get straight answers about real estate.
My opinion (not advice) is that
(a) Not only will this wave of ARM resets continue all the way through 2008, but it hasn’t even peaked yet;(b) Homebuilders are now advertising all over the radio and TV about their “great deals”, when 2 short years ago they couldn’t beat off the buyers with a stick;
So (c) I think you’d do well to wait at least until the end of 2008 to see where the rubble lies before investing in a mortgage.
Meanwhile, check the classifieds at signonsandiego.com for rentals… I’ll bet you can find something you can rent for $2400 or even $3000 very much like a 4S Ranch *house*… which of course is a lot less than the mortgage payments on same (and no Mello-Roos or HOA fees to boot).
>chirp<
ParticipantIf you are looking for where are the low-crime, where are the high-crime areas, a splendid San Diego County resource is the crime maps website, http://mapping.arjis.org/default.aspx.
I tend to pay more attention to North County, but what I know of in that area is that Poway is extremely quiet for crime, but the decent areas are mostly single-family houses in the $600K-900K range. There are apartments, but they’re pretty dubious-looking, most of them.
Rancho Bernardo is fairly quiet for crime too, but not as much as Poway. Stay away from Escondido, period. If you are really well off, you can rent a place in Rancho Santa Fe.
The beach communities, and the areas south of I-8 and north and east of Balboa Park/downtown tend to be high in crime, as confirmed by the ARJIS maps above.
If you can, rent a place now and wait a year or two before buying, it looks like you will be able to get a better price.
>chirp<
ParticipantIf you are looking for where are the low-crime, where are the high-crime areas, a splendid San Diego County resource is the crime maps website, http://mapping.arjis.org/default.aspx.
I tend to pay more attention to North County, but what I know of in that area is that Poway is extremely quiet for crime, but the decent areas are mostly single-family houses in the $600K-900K range. There are apartments, but they’re pretty dubious-looking, most of them.
Rancho Bernardo is fairly quiet for crime too, but not as much as Poway. Stay away from Escondido, period. If you are really well off, you can rent a place in Rancho Santa Fe.
The beach communities, and the areas south of I-8 and north and east of Balboa Park/downtown tend to be high in crime, as confirmed by the ARJIS maps above.
If you can, rent a place now and wait a year or two before buying, it looks like you will be able to get a better price.
>chirp<
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