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peterb
ParticipantIt is interesting to keep in mind that gold cost around $500 to $600 an ounce to mine. So it’s a place to start for valuation. A decent house is maybe $150 to $200/sq/ft plus the dirt, and cash is priced according to other currencies.
Right now it looks like most tangible assets are priced too high compared to what most people earn, from a historic perpective. If we do in fact experience inflationary pressure, it seems like tangible assets should rise compared to cash. But there are so many other factors. Houses are deflating right now. Gold is inflating and the US$ is rising a little. I’d bet on gold or the US$ for a while. Far more liquid than real estate and trending upward at this time.
Although our fed is doing it’s best to fill the world with dollars, unemployment is rising, wages are not increasing and most assets are still correcting downward. This all makes your US$ buy more. It will be interesting to see if gold will test $1000 again.ParticipantIt is interesting to keep in mind that gold cost around $500 to $600 an ounce to mine. So it’s a place to start for valuation. A decent house is maybe $150 to $200/sq/ft plus the dirt, and cash is priced according to other currencies.
Right now it looks like most tangible assets are priced too high compared to what most people earn, from a historic perpective. If we do in fact experience inflationary pressure, it seems like tangible assets should rise compared to cash. But there are so many other factors. Houses are deflating right now. Gold is inflating and the US$ is rising a little. I’d bet on gold or the US$ for a while. Far more liquid than real estate and trending upward at this time.
Although our fed is doing it’s best to fill the world with dollars, unemployment is rising, wages are not increasing and most assets are still correcting downward. This all makes your US$ buy more. It will be interesting to see if gold will test $1000 again.ParticipantIt is interesting to keep in mind that gold cost around $500 to $600 an ounce to mine. So it’s a place to start for valuation. A decent house is maybe $150 to $200/sq/ft plus the dirt, and cash is priced according to other currencies.
Right now it looks like most tangible assets are priced too high compared to what most people earn, from a historic perpective. If we do in fact experience inflationary pressure, it seems like tangible assets should rise compared to cash. But there are so many other factors. Houses are deflating right now. Gold is inflating and the US$ is rising a little. I’d bet on gold or the US$ for a while. Far more liquid than real estate and trending upward at this time.
Although our fed is doing it’s best to fill the world with dollars, unemployment is rising, wages are not increasing and most assets are still correcting downward. This all makes your US$ buy more. It will be interesting to see if gold will test $1000 again.ParticipantRE prices move slowly, worrying about missing a bottom has no historical data to give it credence. Waiting until it stabilizes is at least an indicator of a bottom. But, RE can also stay at the bottom for quite some time until the factors needed to cause it to rise improve.
The crap storm is really getting momentum now. It sounds like you understand this. Having cash will serve you well in the future.
ParticipantRE prices move slowly, worrying about missing a bottom has no historical data to give it credence. Waiting until it stabilizes is at least an indicator of a bottom. But, RE can also stay at the bottom for quite some time until the factors needed to cause it to rise improve.
The crap storm is really getting momentum now. It sounds like you understand this. Having cash will serve you well in the future.
ParticipantRE prices move slowly, worrying about missing a bottom has no historical data to give it credence. Waiting until it stabilizes is at least an indicator of a bottom. But, RE can also stay at the bottom for quite some time until the factors needed to cause it to rise improve.
The crap storm is really getting momentum now. It sounds like you understand this. Having cash will serve you well in the future.
ParticipantRE prices move slowly, worrying about missing a bottom has no historical data to give it credence. Waiting until it stabilizes is at least an indicator of a bottom. But, RE can also stay at the bottom for quite some time until the factors needed to cause it to rise improve.
The crap storm is really getting momentum now. It sounds like you understand this. Having cash will serve you well in the future.
ParticipantRE prices move slowly, worrying about missing a bottom has no historical data to give it credence. Waiting until it stabilizes is at least an indicator of a bottom. But, RE can also stay at the bottom for quite some time until the factors needed to cause it to rise improve.
The crap storm is really getting momentum now. It sounds like you understand this. Having cash will serve you well in the future.
ParticipantGold is no panacrea and you cant eat it or run your car on it. But, the world seems to like it when fiat currency weakens. And that’s what’s starting to happen. Or at least the faith in it.
Austrian school seems to be playing out.ParticipantGold is no panacrea and you cant eat it or run your car on it. But, the world seems to like it when fiat currency weakens. And that’s what’s starting to happen. Or at least the faith in it.
Austrian school seems to be playing out.ParticipantGold is no panacrea and you cant eat it or run your car on it. But, the world seems to like it when fiat currency weakens. And that’s what’s starting to happen. Or at least the faith in it.
Austrian school seems to be playing out.ParticipantGold is no panacrea and you cant eat it or run your car on it. But, the world seems to like it when fiat currency weakens. And that’s what’s starting to happen. Or at least the faith in it.
Austrian school seems to be playing out.ParticipantGold is no panacrea and you cant eat it or run your car on it. But, the world seems to like it when fiat currency weakens. And that’s what’s starting to happen. Or at least the faith in it.
Austrian school seems to be playing out.ParticipantAbout the only currency looking any stronger is the Yen. And maybe gold if you consider it a type of money. CD under FDIC limits? You’re probably in a good place as that money may come in more handy for living than buying a house that’s going down in value.
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