tag:blogger.com,1999:blog-18675105.post114890538514510789..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: This bust will be one that involves untold trillions of dollars, and will directly affect the value of every house in Americabloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-18675105.post-1148971209821693642006-05-30T07:40:00.000+01:002006-05-30T07:40:00.000+01:00(con't) We're studying the newly-available US city...(con't) <BR/>We're studying the newly-available US city-specific real estate futures as a supplement to trading minimally-leveraged gold futures.<BR/><BR/>All futuresource listings have "1!" after the 3-letter ID, e.g., BOS1!.<BR/><BR/>Boston (BOS)<BR/>Chiacago (CHI)<BR/>Denver (DEN)<BR/>Las Vegas (LAV)<BR/>Los Angeles (LAS)<BR/>Miami (MIA)<BR/>New York (NYM)<BR/>San Diego (SDG)<BR/>San Francisco (SFR)<BR/>Washington DC (WDC)<BR/>Composite (CUS)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148969979908542632006-05-30T07:19:00.000+01:002006-05-30T07:19:00.000+01:00I have found jim sinclair's timing to be off (e.g....I have found jim sinclair's timing to be off (e.g., call for 480 a few years ago), but his advice of minimal to no leverage is spot (no pun intended) on, especially with increased gold volatility, whether short, long, spreading or straddling. His overall directionality I believe to be correct.<BR/><BR/>HELOCing Americans are going to get (or are being) caught out, and so to quote the Mogambo, "we're freaking doomed"!<BR/><BR/>Richard Russell of dowtheoryletters.com, now in his 80's, has been in cash (short term treasuries) and gold for several years, and also has an S&P option writing biz. His rule of thumb is that a RE investor should expect 10% carrying costs of a property (PITI, "deferred" maintenance, etc), otherwise they will be upside down in short order. The T and I are going up-up-up.<BR/><BR/>As per Jimmy Buffett's cousin, "we'll see who is swimming naked".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148968617740888952006-05-30T06:56:00.000+01:002006-05-30T06:56:00.000+01:00like .biz - business."An asset is something that p...like .biz - business.<BR/>"An asset is something that puts money in your pocket", so gold is not an asset.<BR/>It's just money.<BR/>One biz is doing well - MH paper (highest risk paper in USA); the S&P witing biz flopped because we did not stick to the biz plan.<BR/><BR/>Paper is stocks, bonds, mutual finds, derivatives that you do not control/originate/create or are not the market maker.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148956596999994592006-05-30T03:36:00.000+01:002006-05-30T03:36:00.000+01:00oh, duh. paper is cash...so what is biz?oh, duh. paper is cash...so what is biz?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148956481819561262006-05-30T03:34:00.000+01:002006-05-30T03:34:00.000+01:003 classes of assets: RE, paper, biz, and 3rd piggy...3 classes of assets: RE, paper, biz, and 3rd piggybank to buy precious metals.<BR/><BR/>That looks like 4 assets to me: Real Estate, PAPER? BIZ ? and metals....could you explain to me?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148956224905183942006-05-30T03:30:00.000+01:002006-05-30T03:30:00.000+01:00What fish said...If gold is useless why do the cen...What fish said...<BR/><BR/>If gold is useless why do the central banks store it in their safes instead of storing fiat paper currency???<BR/><BR/>If you want an education no one understands gold better then www.jsmineset.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148952802553860182006-05-30T02:33:00.000+01:002006-05-30T02:33:00.000+01:00The Mogambo is my hero!Re: "cojones"$1,100,000 in ...The Mogambo is my hero!<BR/><BR/>Re: "cojones"<BR/><BR/>$1,100,000 in gold mining companies trading account (positions taken in 2002)<BR/>$750,000 on gold PM retirement<BR/>$200,000 in TIPS<BR/>100+oz Au<BR/>? silver (too heavy to count)<BR/>$300,000 mobile home paper<BR/>$600,000 6-plex<BR/><BR/>FLOPS:<BR/>$75,000 diagnostic radiology "no lose" private placement<BR/>$250,000 trading company (writing S&P options)<BR/><BR/>I just did what Robert Kiyosaki said: "mind your own business", market timing-interest rates-laws, start small and learn, 3 classes of assets: RE, paper, biz, and 3rd piggybank to buy precious metals (see richdadgold.com)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148952250787306292006-05-30T02:24:00.000+01:002006-05-30T02:24:00.000+01:00and slow...www.financialsense.com did a radio int...and slow...<BR/><BR/>www.financialsense.com did a radio interview with some expert, sorry I don't remember who; but this guy did address the oil shale issue and said something to the effect that:<BR/><BR/> the net Energy returned on Energy Invested is very very low. In summary he said that oil shale could not replace middle east oil dependence anytime soon (within the next 10 to 15 years).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148951476294560862006-05-30T02:11:00.000+01:002006-05-30T02:11:00.000+01:00It is true and it's not a secret. Canada has even...It is true and it's not a secret. Canada has even more oil shale in Alberta. The problem with oil shale is that it is expensive to recover.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148945650723052072006-05-30T00:34:00.000+01:002006-05-30T00:34:00.000+01:00Dear Keith,Is this true? http://tinyurl.com/lno8aT...Dear Keith,<BR/>Is this true? <BR/>http://tinyurl.com/lno8a<BR/>The U.S. Govt’s<BR/>Secret Colorado<BR/>Oil DiscoveryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148941962430091382006-05-29T23:32:00.000+01:002006-05-29T23:32:00.000+01:00I count my savings in the total weight of Gold and...I count my savings in the total weight of Gold and Silver physical bullion.<BR/><BR/>Keep enough Fiat on hand to pay day to day expenses.<BR/><BR/>Increase physical positons as positive cash flow permits.<BR/><BR/>Will only tap physical for emergency. Plan to leave hugh non-taxable hoard to my kids.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148940777770090602006-05-29T23:12:00.000+01:002006-05-29T23:12:00.000+01:00keith has no cahunas........he buys at 65, touts G...keith has no cahunas........he buys at 65, touts GLD IS RISING when it hits 70, then panics and sells at 62<BR/><BR/>he buys back in at 63.....then says that gold will hit 730 (or 600)<BR/><BR/>no cahunas.......if he knew where gold was going (730 or 600), he wuld make a killing either wayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148936213243063342006-05-29T21:56:00.000+01:002006-05-29T21:56:00.000+01:00keith /others.seriously can you tell us what perce...keith /others.<BR/>seriously can you tell us what percentage of your assets are in gold..is some one out there w/ cahunas having 35%+ gold investment?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148934320024971182006-05-29T21:25:00.000+01:002006-05-29T21:25:00.000+01:00The Mogambo Guru has more intelligence and sanity ...The Mogambo Guru has more intelligence and sanity than David Lereah. I know that for a fact.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148930645068802212006-05-29T20:24:00.000+01:002006-05-29T20:24:00.000+01:00frankly, folks, I could care less where gold and s...frankly, folks, I could care less where gold and silver go day to day from here on out. I've made my bet, and 2 years, 5 years from now, I'm planning on being right<BR/><BR/>it went up too fast, and this correction, albeit a small one, is a good time to buy some more<BR/><BR/>we'll revisit and surpass those $730 highs soon enough<BR/><BR/>even though we may see $600 before we see $730bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148930094375577172006-05-29T20:14:00.000+01:002006-05-29T20:14:00.000+01:00I hope anon is shorting gold if s/he really believ...I hope anon is shorting gold if s/he really believes that. Otherwise if you're out of the game, how can we listen to you?Out at the peakhttps://www.blogger.com/profile/10855394670202295976noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148927958851142382006-05-29T19:39:00.000+01:002006-05-29T19:39:00.000+01:00Not to mention Putin and Russia selling oil in gol...Not to mention Putin and Russia selling oil in gold beginning June 8th...ooopps...buh bye US$Roccmanhttps://www.blogger.com/profile/13941353492023923157noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148925533665356832006-05-29T18:58:00.000+01:002006-05-29T18:58:00.000+01:00good one fish :)good one fish :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148924399407228252006-05-29T18:39:00.000+01:002006-05-29T18:39:00.000+01:00Hey.....if gold is as useless as some of the "anon...Hey.....if gold is as useless as some of the "anons" say why is it the bedrock transaction material/currency between central banks (answer...because central banks know how other central banks work and they don't want to get screwed either)? How come china is going to reweight their foreign currency reserves to include a greater percentage of gold? Oh yeah, they didn't check posts 4 and 6 on this thread! Maybe somebody should refer them!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148923135733340502006-05-29T18:18:00.000+01:002006-05-29T18:18:00.000+01:00All you clowns pushing gold are as funny as these ...All you clowns pushing gold are as funny as these clowns pushing real estate...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148920485222730492006-05-29T17:34:00.000+01:002006-05-29T17:34:00.000+01:00gold is gonna go down..Keith, run.gold is gonna go down..Keith, run.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148918541618547722006-05-29T17:02:00.000+01:002006-05-29T17:02:00.000+01:00Texas will be fine. It will receive a lot of peop...Texas will be fine. It will receive a lot of people from both coasts who want to live in an affordable house. <BR/><BR/>Affordability is 14% in CA it is 50% in Texas.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148914326287700742006-05-29T15:52:00.000+01:002006-05-29T15:52:00.000+01:00nice to see that here, i read it a week ago. (:nice to see that here, i read it a week ago. (:Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148909529318783992006-05-29T14:32:00.000+01:002006-05-29T14:32:00.000+01:00First, happy memorial day!First, happy memorial day!Anonymousnoreply@blogger.com