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gold_dredger_phd
ParticipantThe yen is undervalued. Look for a Yen ETF. The Economist says it’s undervalued by 30% relative to other currencies. The carry trade will unwind eventually.
ParticipantThe climate has always been changing. The last 10000 years have been anomolously static in terms of temperature and weather. Strange that this period would coincide with the rise of agriculture.
I don’t think this post belongs on a housing blog unless you were going to comment on how if you bought beachfront property, your grandkids would be flooded out of their house in the year 2100.
The sea level has risen in the last hundred years, by about a foot, and the overall temperature has warmed by 0.7 degrees Celsius. I don’t see any disasters or mass starvation caused by this.
This whole global warming drum beating by the liberals and their fellow travelers in the media is just an attempt to foist one-world government on the prosperous countries and introduce socialism again.
Funny how after the Soviet Union collapsed that environmentalism has been making a huge comeback. I’m sure peasants in China who make less than $1 per day are going to be worried what the weather’s like in the year 2100.
The wealthy and trustafarians have nothing to worry about or no purpose in their lives so they manufacture disaster scenarios and travel the world bleating about the end of the world unless we all stop sinning (using fossil fuels).
Environmentalism is a religion. God is no longer fashionable among the left, so they have to have something to believe in. The collapse of the Soviet Union left a big ideological vacuum and it had to be filled.
Scientists measure things and try to extrapolate from current data and theories. Scientists who are interested in political careers spout off to the New York Times and anyone else who will listen about what will happen to humanity unless their predictions are taken seriously.
As far as the weather goes, I’d be much more worried about an Ice Age than warming temperatures.
ParticipantCondo_tipping
_CoolBack to the future, to the 1970’s again!
February 15, 2007 at 4:55 PM in reply to: Would you buy a house 300 feet from Power lines and tower #45533ParticipantThey should turn all of the houses near the power lines into Section 8 housing.
Children of low income parents can go to good schools and this would help the social engineers have “mixed income” neighborhoods.
ParticipantWhat’s the symbol for WMC?
February 14, 2007 at 5:42 PM in reply to: Would you buy a house 300 feet from Power lines and tower #45441ParticipantNo. Don’t buy the house. Aliens land there. They need to recharge their dilithium crystals from the AC power radiated from the lines. It’s free electricity.
I would not buy such a place. You’d have a hard time selling it and the noise and such from the lines can be loud. The noise varies with the humidity of the air.
ParticipantBuy gold, silver and some foreign currencies since the US dollar is going in the toilet.
Notice that interest rates are lower in Europe, with the Euro than here, and the Euro is gaining on the dollar? Europeans may suck at running an economy, but they do understand the meaning of hard currency and aren’t afraid of a little unemployment.
We need a depression right ahead of the election in 2008!
I’m sure the economy looked real rosy in 1929 as well!
This time around, people are buying over-priced real estate on margin instead of stocks. You can buy a house with 0% margin!
ParticipantI think I’ve been telling everyone to buy gold and silver coins with the home equity withdrawal money and squirrel them away somewhere. Make sure you buy with cash at coin dealer shows and bury it in your parent’s yard or something.
Go bankrupt every 10 years and make sure you take $500K out of the bubble-house and then default. There’s no limit to the number of times you can default. The bankers are only risking other people’s money and the government can just print more to bail out the depositors if the bank goes under.
February 14, 2007 at 1:59 PM in reply to: Credit Cards for Illegal Immigrants. Mortgages Next? #45407ParticipantTypical liberal, open-borders, multi-culti BS.
Why not let everyone from South America to live here?
ParticipantWho needs to live in a big city like New York or San Francisco.
Culture sucks!
Diversity sucks!
ParticipantAll money today is “fiat money” since it’s all paper and no third party (the issuer) will give you a set amount of anything for it, except different denominations of fiat money, (change).
Gold is not fiat money. It’s not something that’s issued by a government that forces people to accept it.
Your argument has too many undefined terms. I’m guessing what you mean by “psychological value” is whatever value beyond a thing’s use as a necessity. There’s a great deal of psychological value in art, but not much “floor value” or intrinsic value.
The “trading value” is the value of the commodity which is just its price on the open market. That’s the value. As long as there is a market for a commodity, there will be a given price or “trading value” set for it on a daily, hourly or minute-by-minute basis.
Yes, it’s confusing. In the absence of a market for something, how do you determine its value?
I don’t want to discuss the value of something without reference to a market for it. That’s not the context here.
ParticipantDrag a $20 bill through Tijuana and this is what you find.
Better to be alone than ‘whipped!
I’m not alone.
ParticipantShannon:
The “trading value” of gold is it’s value. It’s a store of value and a fairly compact one in comparison to oil, wheat and other consumables. Gold is a univeral store of value and used for trade.It is:
-indestructible
-divisable
-rare
-easy to determine purity
-so easy to mine and work that the ancients could do it
-doesn’t corrode
-non-poisonous and non-radioactive
-easily formed and handled
-universally recognized
-extremely easy to store
-very valuable so a small amount can be traded
-extremely beautiful, so it has decorative or artistic uses
-useful in industry
-most maleable of all elements
-excellent conductor of heat and electricityIt, like all commodities, is an asset that is not also someone else’s liability like paper money, a stock certificate, a bond, or an insurance policy. It cannot be
defaulted upon by any government or group of people.It is true that people may refuse your gold in exchange for something, but an ounce of gold is an ounce of gold. It may have different values at different times in different places, but it’s as close to universal money as anything has ever been. Its use as money has spanned thousands of years and many continents.
I’m guessing that by intrinsic value, you mean something that you can eat, drink or sleep in. If you’re off in the jungle by yourself, I would imagine that a good machete or water purifier would be worth its weight in gold to you at that time. But, in a social setting, where there is trade, I think that gold will always have its value unlike the paper promises of governments or corporations today.
The “intrinsic value” of paper money is if you can use it for toilet paper or decoration or starting a fire. It cost the Treasury 4 cents to print a $100 bill, so you could use these things as wall paper if you could get them at cost.
The value of paper money is purely a legal construct. Try spending foreign currency in this country. Will the neighborhood Starbucks take your Euros?
ParticipantGet an abortion. That’s the right thing.
How does he know the kid was his anyway?
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