Forum Replies Created
-
AuthorPosts
-
stockstradr
ParticipantStarting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.
ParticipantStarting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.
ParticipantGo ahead keep believing gold will rise in response to the bail out package passing.
The markets will now give you a harsh lesson in economics. Gold is set to end this week down over 6%.
My buy point still remains $750 to $800 per ounce.
My mistake? I should have DUMPED ALL my gold at $900/ounce instead of holding onto that last 25% of portfolio, but I held that just on “principle” of knowing that yes gold will soar in coming years.
ParticipantGo ahead keep believing gold will rise in response to the bail out package passing.
The markets will now give you a harsh lesson in economics. Gold is set to end this week down over 6%.
My buy point still remains $750 to $800 per ounce.
My mistake? I should have DUMPED ALL my gold at $900/ounce instead of holding onto that last 25% of portfolio, but I held that just on “principle” of knowing that yes gold will soar in coming years.
ParticipantGo ahead keep believing gold will rise in response to the bail out package passing.
The markets will now give you a harsh lesson in economics. Gold is set to end this week down over 6%.
My buy point still remains $750 to $800 per ounce.
My mistake? I should have DUMPED ALL my gold at $900/ounce instead of holding onto that last 25% of portfolio, but I held that just on “principle” of knowing that yes gold will soar in coming years.
ParticipantGo ahead keep believing gold will rise in response to the bail out package passing.
The markets will now give you a harsh lesson in economics. Gold is set to end this week down over 6%.
My buy point still remains $750 to $800 per ounce.
My mistake? I should have DUMPED ALL my gold at $900/ounce instead of holding onto that last 25% of portfolio, but I held that just on “principle” of knowing that yes gold will soar in coming years.
ParticipantGo ahead keep believing gold will rise in response to the bail out package passing.
The markets will now give you a harsh lesson in economics. Gold is set to end this week down over 6%.
My buy point still remains $750 to $800 per ounce.
My mistake? I should have DUMPED ALL my gold at $900/ounce instead of holding onto that last 25% of portfolio, but I held that just on “principle” of knowing that yes gold will soar in coming years.
ParticipantYes…HUGE HUGE spikes in rent and the Bay Area is the worst for rent increases as homeowners flee their houses.
We rented our 2400 sq ft home a year ago for $2600/month at a time when some similar were rentign even for less.
This place now renting for $3,000 per month! Also I spent a week looking at alternative rentals, and that IS the going rate for bigger houses in Silicon Valley (good locations).
In Palo Alto (PREMIUM location) this kind of house is renting for $4000 or even $5000!
ParticipantYes…HUGE HUGE spikes in rent and the Bay Area is the worst for rent increases as homeowners flee their houses.
We rented our 2400 sq ft home a year ago for $2600/month at a time when some similar were rentign even for less.
This place now renting for $3,000 per month! Also I spent a week looking at alternative rentals, and that IS the going rate for bigger houses in Silicon Valley (good locations).
In Palo Alto (PREMIUM location) this kind of house is renting for $4000 or even $5000!
ParticipantYes…HUGE HUGE spikes in rent and the Bay Area is the worst for rent increases as homeowners flee their houses.
We rented our 2400 sq ft home a year ago for $2600/month at a time when some similar were rentign even for less.
This place now renting for $3,000 per month! Also I spent a week looking at alternative rentals, and that IS the going rate for bigger houses in Silicon Valley (good locations).
In Palo Alto (PREMIUM location) this kind of house is renting for $4000 or even $5000!
ParticipantYes…HUGE HUGE spikes in rent and the Bay Area is the worst for rent increases as homeowners flee their houses.
We rented our 2400 sq ft home a year ago for $2600/month at a time when some similar were rentign even for less.
This place now renting for $3,000 per month! Also I spent a week looking at alternative rentals, and that IS the going rate for bigger houses in Silicon Valley (good locations).
In Palo Alto (PREMIUM location) this kind of house is renting for $4000 or even $5000!
ParticipantYes…HUGE HUGE spikes in rent and the Bay Area is the worst for rent increases as homeowners flee their houses.
We rented our 2400 sq ft home a year ago for $2600/month at a time when some similar were rentign even for less.
This place now renting for $3,000 per month! Also I spent a week looking at alternative rentals, and that IS the going rate for bigger houses in Silicon Valley (good locations).
In Palo Alto (PREMIUM location) this kind of house is renting for $4000 or even $5000!
ParticipantBetting with gold against a fiat currency in the hands of politicians is the biggest no-brainer on the planet! Whee! This investing stuff is easy!
I absolutely agree with that.
Now, someone wrote that if the bail out FAILS tomorrow, then gold will RISE. You think so, eh? You coul be right but recent evidence suggests NOT.
Many expected a flight to gold on Sept 29th, the first time the Senate FAILED to pass the bail out.
Apparently you have NOT looked at the gold charts for Sept 29 -> 30, to see what actually happened.
Gold did NOT rise in response to bail out failing in the Senate.
I think the only way gold rises against accelarating deflationary pressures is IF we have real signs of total financial meltdown (beyond what we’ve already seen) and that scares everyone so deeply they run to gold.
ParticipantBetting with gold against a fiat currency in the hands of politicians is the biggest no-brainer on the planet! Whee! This investing stuff is easy!
I absolutely agree with that.
Now, someone wrote that if the bail out FAILS tomorrow, then gold will RISE. You think so, eh? You coul be right but recent evidence suggests NOT.
Many expected a flight to gold on Sept 29th, the first time the Senate FAILED to pass the bail out.
Apparently you have NOT looked at the gold charts for Sept 29 -> 30, to see what actually happened.
Gold did NOT rise in response to bail out failing in the Senate.
I think the only way gold rises against accelarating deflationary pressures is IF we have real signs of total financial meltdown (beyond what we’ve already seen) and that scares everyone so deeply they run to gold.
-
AuthorPosts
