[limo_888]

Talk about gloom and doom. I thought I was bearish, but he makes me look like a little boy with my fire truck. Thanks for the article. I do see his point of view and are foreseen the similarities that he discussed in the article. For the depth of the slow down of the US/world economy, I’m leaning toward a recession more than a depression.

It won’t be long before we see the full force of the housing burst, the deficit and the inflation.

[limo_888]

Talk about gloom and doom. I thought I was bearish, but he makes me look like a little boy with my fire truck. Thanks for the article. I do see his point of view and are foreseen the similarities that he discussed in the article. For the depth of the slow down of the US/world economy, I’m leaning toward a recession more than a depression.

It won’t be long before we see the full force of the housing burst, the deficit and the inflation.

[limo_888]

Warren Buffett is now joining the band wagon. Check out the article below.

Billionaire Buffett’s Berkshire Hathaway to finally invest in gold…jewelry
Billionaire Warren Buffett’s Berkshire Hathaway intends to create the largest U.S. gold jewelry manufacturer, the new Richline Group.

Author: Dorothy Kosich
Posted: Monday , 21 May 2007

RENO, NV –

The company of U.S. billionaire Warren Buffett–who nearly a decade ago ridiculed the non-productive aspects of gold–intends to acquire U.S. gold jewelry manufacturers, Bel-Oro International and Aurafin LLC.

Berkshire Hathaway announced Friday it has entered into definitive agreements to acquire the companies and will combine them into the newly formed Richline Group, which aims to be the largest jewelry supply group in the United States.

During a 1998 speech at Harvard, Buffett noted that gold “gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

In a news release, Dave Meleski, Auragin CEO, called it “an unprecedented transaction in our industry. We are proud to have a top financial investor invest in which will now the largest jewelry supply group in the USA.” Meleski and Bel-Ore CEO Dennis Ulrich have agreed to merge the companies into two large and cohesive operating entities under Richline Group. Both brand names will be kept although Richline intends to achieve operational and administrative cost synergies.

Ulrich will become the CEO of Richline Group and will manage the company. Meleski will become president of the new group. The two jewelry companies generate more than $500 million in revenue and employ 1,800 people internationally.

The transaction is expected to close during the second or third quarter of 2007.

Mark Hanna, spokesman for Bel-Oro, told the Associated Press that the combined company will account for about 6% of the world gold jewelry market. Berkshire owns several jewelry retailers including Helzberg’s and Borsheim’s, which buy gold jewelry from Bel-Oro or Aurafin, according to Hanna.

[limo_888]

Warren Buffett is now joining the band wagon. Check out the article below.

Billionaire Buffett’s Berkshire Hathaway to finally invest in gold…jewelry
Billionaire Warren Buffett’s Berkshire Hathaway intends to create the largest U.S. gold jewelry manufacturer, the new Richline Group.

Author: Dorothy Kosich
Posted: Monday , 21 May 2007

RENO, NV –

The company of U.S. billionaire Warren Buffett–who nearly a decade ago ridiculed the non-productive aspects of gold–intends to acquire U.S. gold jewelry manufacturers, Bel-Oro International and Aurafin LLC.

Berkshire Hathaway announced Friday it has entered into definitive agreements to acquire the companies and will combine them into the newly formed Richline Group, which aims to be the largest jewelry supply group in the United States.

During a 1998 speech at Harvard, Buffett noted that gold “gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

In a news release, Dave Meleski, Auragin CEO, called it “an unprecedented transaction in our industry. We are proud to have a top financial investor invest in which will now the largest jewelry supply group in the USA.” Meleski and Bel-Ore CEO Dennis Ulrich have agreed to merge the companies into two large and cohesive operating entities under Richline Group. Both brand names will be kept although Richline intends to achieve operational and administrative cost synergies.

Ulrich will become the CEO of Richline Group and will manage the company. Meleski will become president of the new group. The two jewelry companies generate more than $500 million in revenue and employ 1,800 people internationally.

The transaction is expected to close during the second or third quarter of 2007.

Mark Hanna, spokesman for Bel-Oro, told the Associated Press that the combined company will account for about 6% of the world gold jewelry market. Berkshire owns several jewelry retailers including Helzberg’s and Borsheim’s, which buy gold jewelry from Bel-Oro or Aurafin, according to Hanna.

[limo_888]

I have been following the sector for the last couple of months now and did a lot of researches on it. From what I gather gold is a great thing to hold when there are instabilities in the world. I also think holding gold coin is not a great investment, but rather holding mining company is the way to invest. One warning!! It’s risky, but it also has great reward.

I am currently holding UXG and RBY just for a full closure.

Here is a link that may give you bullish opinion on Gold.

http://www.usgold.com/news-article/129/

[limo_888]

I have been following the sector for the last couple of months now and did a lot of researches on it. From what I gather gold is a great thing to hold when there are instabilities in the world. I also think holding gold coin is not a great investment, but rather holding mining company is the way to invest. One warning!! It’s risky, but it also has great reward.

I am currently holding UXG and RBY just for a full closure.

Here is a link that may give you bullish opinion on Gold.

http://www.usgold.com/news-article/129/

[limo_888]

I’m currently holding cash, but I want to invest in gold to hedge my profolio. What do you think about gold? Is there a chance that it breaks 700 mark?

[limo_888]

I’m currently holding cash, but I want to invest in gold to hedge my profolio. What do you think about gold? Is there a chance that it breaks 700 mark?

[limo_888]

If you are sick of it all. Here is a chance for you to do something about it.

Write your own Representative and Senators!

Find Your Representative
http://www.house.gov/writerep/
Find Your Senators
http://www.senate.gov/general/contact_information/senators_cfm.cfm?OrderBy=state&Sort=ASC

SAMPLE LETTER – If you are at a loss for words, copy the following letter into the email you send to your Representative, and be sure to include your rep’s name and your name and location before sending 🙂

Dear X Representative,

Please do not support the efforts to bail out subprime
borrowers with my tax dollars. As a responsible citizen, I
do not feel it is right for you to ask me to pay for other
peoples’ financial mistakes, especially since a bailout
encourages sleazy lenders to keep on making predatory loans,
with the assumption that taxpayers are on the hook.

I appreciate the goal of helping people to have access to
housing, but the proposed subprime bailout will only reward
people who acted irresponsibly, and it will punish people
who work hard and diligently manage their finances by not
buying houses which they cannot afford.

The housing market has begun a process of correction. This
is necessary in order to keep housing affordable in the
long-term. Let the market correct so we can achieve
stability again, and people are able to save and afford the
house of their dreams over time. That really is the true
American Dream.

Sincerely,

Your Name
City, State

[limo_888]

This article point out the reason why we have a housing bubble. the home price increases too much in such a short period to time. If one was to look at pricing data, one would see the deep trouble that we are facing. Here is link that give a basic concept on price.

http://video.google.com/videoplay?docid=-4299856195587897876&q=housing+bubble

[Author]

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