[sobmaz]

Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.

[sobmaz]

Does ANYONE really think the Gooberment will not extend the 8K credit?

In fact, I think unless prices are not rising by at least a 10% rate, it will probably be more than 8K next time.

When you do something you shouldn’t, it gets easier and easier to do again.

When we spend 2 trillion that we don’t have and nothing really happens, what’s the big deal? Why not spend 3 trillion? How about 4 trillion?

This madness will not end until there are serious repercussions for it.

[sobmaz]

Sorry, but not true.

Gold is currently selling for around 934 an ounce. A 20% commission would be 186.00!! I don’t think so!

Gold and Silver are very viable ways of protecting your wealth. Alan Greespan wrote a very interesting paper back in the 60’s that you ought to read.
http://www.gold-eagle.com/greenspan041998.html

Now there are always people willing to rip you off but that can’t happen if you are educated. Any reputable dealer will give you a fair price.

http://www.golddealer.com/bullionpage.html
Lets take California Numismatic as an example. If you have a one ounce Gold Eagle they will actually pay you 16.00 an ounce above spot price, or 950.00. If you want to buy that same coin from them it would be 980.00. The difference between 950 and 980 is the commission. According to my mathematics that is somewhere around 3%.

Again, you can find plenty of people who will charge you a 20% commission but a reputable dealer won’t.

As far as your rings and Jewelry you will likely only get melt value. Being that it would need to be processed, even a reputable dealer will probably pay a fair amount below spot, but not more than 20%.
Good Luck

[sobmaz]

Sorry, but not true.

Gold is currently selling for around 934 an ounce. A 20% commission would be 186.00!! I don’t think so!

Gold and Silver are very viable ways of protecting your wealth. Alan Greespan wrote a very interesting paper back in the 60’s that you ought to read.
http://www.gold-eagle.com/greenspan041998.html

Now there are always people willing to rip you off but that can’t happen if you are educated. Any reputable dealer will give you a fair price.

http://www.golddealer.com/bullionpage.html
Lets take California Numismatic as an example. If you have a one ounce Gold Eagle they will actually pay you 16.00 an ounce above spot price, or 950.00. If you want to buy that same coin from them it would be 980.00. The difference between 950 and 980 is the commission. According to my mathematics that is somewhere around 3%.

Again, you can find plenty of people who will charge you a 20% commission but a reputable dealer won’t.

As far as your rings and Jewelry you will likely only get melt value. Being that it would need to be processed, even a reputable dealer will probably pay a fair amount below spot, but not more than 20%.
Good Luck

[sobmaz]

Sorry, but not true.

Gold is currently selling for around 934 an ounce. A 20% commission would be 186.00!! I don’t think so!

Gold and Silver are very viable ways of protecting your wealth. Alan Greespan wrote a very interesting paper back in the 60’s that you ought to read.
http://www.gold-eagle.com/greenspan041998.html

Now there are always people willing to rip you off but that can’t happen if you are educated. Any reputable dealer will give you a fair price.

http://www.golddealer.com/bullionpage.html
Lets take California Numismatic as an example. If you have a one ounce Gold Eagle they will actually pay you 16.00 an ounce above spot price, or 950.00. If you want to buy that same coin from them it would be 980.00. The difference between 950 and 980 is the commission. According to my mathematics that is somewhere around 3%.

Again, you can find plenty of people who will charge you a 20% commission but a reputable dealer won’t.

As far as your rings and Jewelry you will likely only get melt value. Being that it would need to be processed, even a reputable dealer will probably pay a fair amount below spot, but not more than 20%.
Good Luck

[sobmaz]

Sorry, but not true.

Gold is currently selling for around 934 an ounce. A 20% commission would be 186.00!! I don’t think so!

Gold and Silver are very viable ways of protecting your wealth. Alan Greespan wrote a very interesting paper back in the 60’s that you ought to read.
http://www.gold-eagle.com/greenspan041998.html

Now there are always people willing to rip you off but that can’t happen if you are educated. Any reputable dealer will give you a fair price.

http://www.golddealer.com/bullionpage.html
Lets take California Numismatic as an example. If you have a one ounce Gold Eagle they will actually pay you 16.00 an ounce above spot price, or 950.00. If you want to buy that same coin from them it would be 980.00. The difference between 950 and 980 is the commission. According to my mathematics that is somewhere around 3%.

Again, you can find plenty of people who will charge you a 20% commission but a reputable dealer won’t.

As far as your rings and Jewelry you will likely only get melt value. Being that it would need to be processed, even a reputable dealer will probably pay a fair amount below spot, but not more than 20%.
Good Luck

[sobmaz]

Sorry, but not true.

Gold is currently selling for around 934 an ounce. A 20% commission would be 186.00!! I don’t think so!

Gold and Silver are very viable ways of protecting your wealth. Alan Greespan wrote a very interesting paper back in the 60’s that you ought to read.
http://www.gold-eagle.com/greenspan041998.html

Now there are always people willing to rip you off but that can’t happen if you are educated. Any reputable dealer will give you a fair price.

http://www.golddealer.com/bullionpage.html
Lets take California Numismatic as an example. If you have a one ounce Gold Eagle they will actually pay you 16.00 an ounce above spot price, or 950.00. If you want to buy that same coin from them it would be 980.00. The difference between 950 and 980 is the commission. According to my mathematics that is somewhere around 3%.

Again, you can find plenty of people who will charge you a 20% commission but a reputable dealer won’t.

As far as your rings and Jewelry you will likely only get melt value. Being that it would need to be processed, even a reputable dealer will probably pay a fair amount below spot, but not more than 20%.
Good Luck

[sobmaz]

“”because if you’re in debt up to your eyeballs some govt program will be made available to pay their way or introduce them to student debt””

You got that right.

I am 47, when I was 20 a high FICO score was an asset, you could do what less responsible people could not do. Eventually FICO scores meant nothing and anyone could buy a house, artificially inflating the prices. And when you trash your credit, you are given credit in less than a year. A high FICO score is not the asset it once was.

When I was 20, having a great deal of cash savings meant you could get ANY HOUSE you wanted. Eventually, housing became so expensive that was tossed out the window.

When I was 20, having a great deal of cash meant that after accounting for the inflation rate and taxes on earnings, you could still make a REAL rate of return on your money. Eventually, holding cash in savings means a constant erosion of purchasing power, a hidden tax. That too is now gone.

I am seriously thinking about buying a house with as little down as possible and should housing values go the wrong way, simply stop paying and live “rent free” for a year or two. Of course, if housing goes the right direction, it is happy days once again.

My Government wants me to take stupid financial risks. If I am prudent, I will be punished, if I am a spendthrift, I will be rewarded.

On CNBC they constantly talk about the “moral hazard” of all the bail outs. It is too late, when you have no finanicial morals to lose, how can you lose them?

[sobmaz]

“”because if you’re in debt up to your eyeballs some govt program will be made available to pay their way or introduce them to student debt””

You got that right.

I am 47, when I was 20 a high FICO score was an asset, you could do what less responsible people could not do. Eventually FICO scores meant nothing and anyone could buy a house, artificially inflating the prices. And when you trash your credit, you are given credit in less than a year. A high FICO score is not the asset it once was.

When I was 20, having a great deal of cash savings meant you could get ANY HOUSE you wanted. Eventually, housing became so expensive that was tossed out the window.

When I was 20, having a great deal of cash meant that after accounting for the inflation rate and taxes on earnings, you could still make a REAL rate of return on your money. Eventually, holding cash in savings means a constant erosion of purchasing power, a hidden tax. That too is now gone.

I am seriously thinking about buying a house with as little down as possible and should housing values go the wrong way, simply stop paying and live “rent free” for a year or two. Of course, if housing goes the right direction, it is happy days once again.

My Government wants me to take stupid financial risks. If I am prudent, I will be punished, if I am a spendthrift, I will be rewarded.

On CNBC they constantly talk about the “moral hazard” of all the bail outs. It is too late, when you have no finanicial morals to lose, how can you lose them?

[sobmaz]

“”because if you’re in debt up to your eyeballs some govt program will be made available to pay their way or introduce them to student debt””

You got that right.

I am 47, when I was 20 a high FICO score was an asset, you could do what less responsible people could not do. Eventually FICO scores meant nothing and anyone could buy a house, artificially inflating the prices. And when you trash your credit, you are given credit in less than a year. A high FICO score is not the asset it once was.

When I was 20, having a great deal of cash savings meant you could get ANY HOUSE you wanted. Eventually, housing became so expensive that was tossed out the window.

When I was 20, having a great deal of cash meant that after accounting for the inflation rate and taxes on earnings, you could still make a REAL rate of return on your money. Eventually, holding cash in savings means a constant erosion of purchasing power, a hidden tax. That too is now gone.

I am seriously thinking about buying a house with as little down as possible and should housing values go the wrong way, simply stop paying and live “rent free” for a year or two. Of course, if housing goes the right direction, it is happy days once again.

My Government wants me to take stupid financial risks. If I am prudent, I will be punished, if I am a spendthrift, I will be rewarded.

On CNBC they constantly talk about the “moral hazard” of all the bail outs. It is too late, when you have no finanicial morals to lose, how can you lose them?

[sobmaz]

“”because if you’re in debt up to your eyeballs some govt program will be made available to pay their way or introduce them to student debt””

You got that right.

I am 47, when I was 20 a high FICO score was an asset, you could do what less responsible people could not do. Eventually FICO scores meant nothing and anyone could buy a house, artificially inflating the prices. And when you trash your credit, you are given credit in less than a year. A high FICO score is not the asset it once was.

When I was 20, having a great deal of cash savings meant you could get ANY HOUSE you wanted. Eventually, housing became so expensive that was tossed out the window.

When I was 20, having a great deal of cash meant that after accounting for the inflation rate and taxes on earnings, you could still make a REAL rate of return on your money. Eventually, holding cash in savings means a constant erosion of purchasing power, a hidden tax. That too is now gone.

I am seriously thinking about buying a house with as little down as possible and should housing values go the wrong way, simply stop paying and live “rent free” for a year or two. Of course, if housing goes the right direction, it is happy days once again.

My Government wants me to take stupid financial risks. If I am prudent, I will be punished, if I am a spendthrift, I will be rewarded.

On CNBC they constantly talk about the “moral hazard” of all the bail outs. It is too late, when you have no finanicial morals to lose, how can you lose them?

[sobmaz]

“”because if you’re in debt up to your eyeballs some govt program will be made available to pay their way or introduce them to student debt””

You got that right.

I am 47, when I was 20 a high FICO score was an asset, you could do what less responsible people could not do. Eventually FICO scores meant nothing and anyone could buy a house, artificially inflating the prices. And when you trash your credit, you are given credit in less than a year. A high FICO score is not the asset it once was.

When I was 20, having a great deal of cash savings meant you could get ANY HOUSE you wanted. Eventually, housing became so expensive that was tossed out the window.

When I was 20, having a great deal of cash meant that after accounting for the inflation rate and taxes on earnings, you could still make a REAL rate of return on your money. Eventually, holding cash in savings means a constant erosion of purchasing power, a hidden tax. That too is now gone.

I am seriously thinking about buying a house with as little down as possible and should housing values go the wrong way, simply stop paying and live “rent free” for a year or two. Of course, if housing goes the right direction, it is happy days once again.

My Government wants me to take stupid financial risks. If I am prudent, I will be punished, if I am a spendthrift, I will be rewarded.

On CNBC they constantly talk about the “moral hazard” of all the bail outs. It is too late, when you have no finanicial morals to lose, how can you lose them?

[sobmaz]

I agree 100%.

It is becoming increasingly clear that the housing market in California, due to all the moratorium, tax credits and all the other B.S. they are doing to bail out the spendthrifts who bought houses they could not afford, will not correct until 30 year interest rates force the correction.

Until then, those who used their common sense, their brains and lived within their means will have to continue to be punished by the Government and watch the Gooberment continue trying to keep the spendthrifts, the idiots, those who do not save for their future, in the houses they never should have gotten in the first place.

You know it is time to invest in Gold when our Government rewards greatly stupidity and crushes commons sense. Of course, it has always been that way to a degree but never like this.

[sobmaz]

I agree 100%.

It is becoming increasingly clear that the housing market in California, due to all the moratorium, tax credits and all the other B.S. they are doing to bail out the spendthrifts who bought houses they could not afford, will not correct until 30 year interest rates force the correction.

Until then, those who used their common sense, their brains and lived within their means will have to continue to be punished by the Government and watch the Gooberment continue trying to keep the spendthrifts, the idiots, those who do not save for their future, in the houses they never should have gotten in the first place.

You know it is time to invest in Gold when our Government rewards greatly stupidity and crushes commons sense. Of course, it has always been that way to a degree but never like this.

[sobmaz]

I agree 100%.

It is becoming increasingly clear that the housing market in California, due to all the moratorium, tax credits and all the other B.S. they are doing to bail out the spendthrifts who bought houses they could not afford, will not correct until 30 year interest rates force the correction.

Until then, those who used their common sense, their brains and lived within their means will have to continue to be punished by the Government and watch the Gooberment continue trying to keep the spendthrifts, the idiots, those who do not save for their future, in the houses they never should have gotten in the first place.

You know it is time to invest in Gold when our Government rewards greatly stupidity and crushes commons sense. Of course, it has always been that way to a degree but never like this.

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