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September 23, 2008 at 9:09 AM in reply to: HAHA: Lennar calls for government help for U.S. builders #274412September 23, 2008 at 9:09 AM in reply to: HAHA: Lennar calls for government help for U.S. builders #274417
peterb
ParticipantCan anyone explain to me why Toll Brothers is not much lower priced? Seems like they’re the Goldman Sachs of the builders?
September 23, 2008 at 9:09 AM in reply to: HAHA: Lennar calls for government help for U.S. builders #274461ParticipantCan anyone explain to me why Toll Brothers is not much lower priced? Seems like they’re the Goldman Sachs of the builders?
September 23, 2008 at 9:09 AM in reply to: HAHA: Lennar calls for government help for U.S. builders #274483ParticipantCan anyone explain to me why Toll Brothers is not much lower priced? Seems like they’re the Goldman Sachs of the builders?
ParticipantAll this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.
It seems like it’s really a hedge against panic and/or FIAT abuse.
ParticipantAll this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.
It seems like it’s really a hedge against panic and/or FIAT abuse.
ParticipantAll this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.
It seems like it’s really a hedge against panic and/or FIAT abuse.
ParticipantAll this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.
It seems like it’s really a hedge against panic and/or FIAT abuse.
ParticipantAll this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.
It seems like it’s really a hedge against panic and/or FIAT abuse.
ParticipantIf in fact the US does spend ~20% of its income on servicing the debt, then that seems like a pretty sustainable DTI ratio.
Just about every currency is FIAT these days. All flawed in their own ways. Abused by their govts.So, it’s really a matter of chosing the lessor evil.
ParticipantIf in fact the US does spend ~20% of its income on servicing the debt, then that seems like a pretty sustainable DTI ratio.
Just about every currency is FIAT these days. All flawed in their own ways. Abused by their govts.So, it’s really a matter of chosing the lessor evil.
ParticipantIf in fact the US does spend ~20% of its income on servicing the debt, then that seems like a pretty sustainable DTI ratio.
Just about every currency is FIAT these days. All flawed in their own ways. Abused by their govts.So, it’s really a matter of chosing the lessor evil.
ParticipantIf in fact the US does spend ~20% of its income on servicing the debt, then that seems like a pretty sustainable DTI ratio.
Just about every currency is FIAT these days. All flawed in their own ways. Abused by their govts.So, it’s really a matter of chosing the lessor evil.
ParticipantIf in fact the US does spend ~20% of its income on servicing the debt, then that seems like a pretty sustainable DTI ratio.
Just about every currency is FIAT these days. All flawed in their own ways. Abused by their govts.So, it’s really a matter of chosing the lessor evil.
September 21, 2008 at 9:30 PM in reply to: LOL: It keeps getting better. Fed “clarifies” short selling restrictions. You can’t, but pros can…. #273751ParticipantPretty soon they’ll pass a law that you cannot sell equities. Only buy them. That way the market will always go up. Problem solved.
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