tag:blogger.com,1999:blog-18675105.post9210820820620134294..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Gold?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-18675105.post-51047688523893229002008-04-03T04:40:00.000+01:002008-04-03T04:40:00.000+01:00The thing you must remember, is that during the De...The thing you must remember, is that during the Depression, the US Government made it illegal to buy/sell gold...ILLEGAL!!! So yeah, theoretically, it was valuable, but who knows how easy it was to trade it for FRNs for actual FOOD, you know, something of real value...<BR/><BR/>On the Schiff-angle: I remember hearing an interview with him on a radio show, and he was talking his book about how dollar will inflate to TP...also said there will be no private/domestic demand for treasuries...uhhh, bull****! Have you seen the IRX lately??? It's trading around 1.3% yield, but it spiked as low as 0.3%! The 13-week treasury has never had a print that low, ever. Everyone that owns that, is basically ok with losing 2.5% of their money every year (subtract inflation from yield). What's that mean? Everyone is AFRAID! Guess what, no one knows who the **** will blow up tomorrow nor what Uncle Bendover Bernanke will stick-save the banks with next; thus you have flight to treasuries. Return OF Capital, is more important right now than Return ON Capital, according to the market.<BR/><BR/>Basically, the inflation/deflation hypothesis goes like this:<BR/><BR/>If there's deflationary pressures, you inflate; if there's inflationary pressures, you deflate. Thus, Ben is fighting deflation. So there's two outcomes: either the FED wins => hyperinlfation, or the FED loses => net deflationary market pressures win.<BR/><BR/>How can the FED win, if the rest of the world refuses to play along with us? IT CAN'T!!!<BR/><BR/>So now you must ask yourself: is the world sick and tired of our ****? (yes) can they stomach more bullying? (no) China says nope, ECB says same thing: they're no longer following our lead, they're paying attention to their own currencies.<BR/><BR/>Also, the MBS slime has traveled all over the world...does the rest of the world have more slime than we do? You better figure out the answer to that question, because it will determine the fate of the globe...not to sound too gloomy...<BR/><BR/>Schiff says the rest of the world is basically ok; what do you think the truth is? Is he talking his book? Is he trying to make money? I think so, and I think the rest of the world is even more ****ed than we are => DEFLATION!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76338059554548191992008-04-03T03:47:00.000+01:002008-04-03T03:47:00.000+01:00Low on gold will be friday or monday, and going to...Low on gold will be friday or monday, and going to 1600 by summer. By 2012 will be over 5000. But I expect them to call in gold, so you will have to sell it on the black market. We will return to the gold standard, Ron Paul right on everything.<BR/><BR/>BTW Ron Paul is a huge gold bug, just look at his portfolio.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61171501327822631362008-04-03T00:20:00.000+01:002008-04-03T00:20:00.000+01:00anon 7:19:'Theyre not making any more land' was a ...anon 7:19:<BR/><BR/>'Theyre not making any more land' was a common saying by realtors in response to any mention of a bubble.<BR/><BR/>The arguments and blind faith in 'gold will go up' sound just like the r/e cheerleaders sounded in 2005. And any mention of a bubble/crash is refuted with r/e cheerleader talk of 2006/2007 of 'oh it's just a blip'. Or better yet sounds like someone suggesting nasdaq at 3000 was a great buying opportunity since you know, pets.com is due for a huge comeback and all.<BR/><BR/>Look at a chart of gold 2005-2008and it looks like nasdaq of 1997-2000 or Las Vegas r/e 2002-2005.<BR/><BR/>A bubble is a bubble is a bubble. And no it's not different this time.Edhttps://www.blogger.com/profile/13750286862065420283noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49777577897957922862008-04-02T21:10:00.000+01:002008-04-02T21:10:00.000+01:00Everything good about gold applies to silver. The...Everything good about gold applies to silver. There are a several additional advantages to silver.<BR/><BR/>1) Industrial uses - antiseptic and superconducting to name a couple of new ones.<BR/><BR/>2) Just try to buy silver in your local coin or pawn shop at spot! They will either be out or selling at $20 an ounce or more. the price is being manipulated downward in the electronic markets. This manipulation will end when the industrial users encounter a shortage and push the price to whatever it takes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24312712126649493372008-04-02T21:06:00.000+01:002008-04-02T21:06:00.000+01:00Gold will continue on a bull market. It's been un...Gold will continue on a bull market. It's been underpriced because of various governments dumping it. This is coming to an end.<BR/><BR/>The US gov has no choice but to embrace high inflation to weasel out of its medicare responsibilities. And Bernanke has vowed to not let deflation happen.<BR/><BR/>Lastly, the lights are going off in South African gold mines. Say bye to 11% of the world's production.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13524592027459197232008-04-02T19:19:00.000+01:002008-04-02T19:19:00.000+01:00ED,You cannot compare the two.Land is NOT what the...ED,<BR/><BR/>You cannot compare the two.<BR/><BR/>Land is NOT what the people want, it is shelter.<BR/>So HOMES are the comparison to gold, not land.<BR/>Did you know the entire population of Earth lives on less than 15% of the land mass?<BR/>But I think you meant homes, and the supply of homes expanded at an exponential rate.<BR/><BR/>That increases supply, you comparison is invalid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57621621478354575292008-04-02T19:17:00.000+01:002008-04-02T19:17:00.000+01:00We are finding less and less gold deposits, and th...<I>We are finding less and less gold deposits, and the ones we are finding are of small deposits.</I><BR/><BR/>Totally true. My brother is a Geologist who worked for a Canadian mining company for 20 years in several jungles around the planet. It's extremely tough to find a new gold mine.<BR/><BR/>If you want to get the scoop on gold, you should listen to a Geologist who worked in the field for decades. We've bee buying lots of gold for years, as well as precious gems.<BR/><BR/>Hell, we're even running out of fresh water in this planet! Like Ted Turner said, we need to control the amount of people in this planet.<BR/><BR/>It's in the movie Idiocracy: The educated and productive people aren't having children because they're either career oriented or it's getting too expensive. Meanwhile, the ignorant people are having 7 children per household. <BR/><BR/>We've been replacing productive people with ignorant parasites who waste limited resources, create inflation and healthcare crises, and increase violence and taxes. <BR/><BR/>Something's got give sooner or later. It's out of control and all that matters for this gov or Wall Street, or Bernanke for that matter, it's continuing the lie for another quarter or next election. It's gonna blow!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91827332670964138492008-04-02T18:53:00.000+01:002008-04-02T18:53:00.000+01:00I'm long on COST because in times of accelerating ...I'm long on COST because in times of accelerating prices, many consumers flock there. Bought it at big deep in March and it's been good to me since then.<BR/><BR/>Inflation is here to stay.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35056020096549807442008-04-02T17:36:00.000+01:002008-04-02T17:36:00.000+01:00Deflation is here, Keith, time to sell. I wish I h...<I>Deflation is here, Keith, time to sell. I wish I had sold at $1000. I am hanging on now still, not taking my own advice, but I am looking to dump the first time gold peeks its head above $950 again.<BR/><BR/>I love Peter Schiff but he's wrong on inflation. We've just finished going through an inflationary period, and now it's all going down. The FED is out of room to cut, they can't inflate us out of this one.</I><BR/><BR/>_________<BR/><BR/>NOW IT'S ALL GOING DOWN?<BR/><BR/>You've gotta be kidding. Was your great granddad the captain of the Titanic?<BR/><BR/>The Fed is only getting warmed up with desperate rate-cutting and money-creating measures.<BR/><BR/>Don't be a chicken$h|t d|p$h|t.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5560334104016161022008-04-02T17:32:00.000+01:002008-04-02T17:32:00.000+01:00Look at the chart, it's parabolic. No way is actua...<I>Look at the chart, it's parabolic. No way is actual inflation that bad. Gold has priced in years of future inflation, just like tech stocks priced in years of future earnings growth back in 2000. I'm not saying it's gonna crash, but think about it people, does that chart remind you of anything? (Hint: look at housing prices in the mid-00s.)</I><BR/><BR/>_______<BR/><BR/>What you're NOT paying attention to or thinking about is the parabolic upward curve in money supply -- the insane creation of "money" out of thin air at rates that defy any kind of reason or prudence.<BR/><BR/>Have you considered the ramifications of the insane increases in total Fed credit, or the insane leverage used to buy worthless financial mortgage-backed bonds...a foolhardy worlwide practice that has set us on a course of failing banks and loss of wealth during a time of hyperinflation?<BR/><BR/>You too are like the dumb frog being slowly boiled.<BR/><BR/>WAKE UP. THINK.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37674802106099949282008-04-02T17:28:00.000+01:002008-04-02T17:28:00.000+01:00I don't see the inflation he keeps talking about, ...<I>I don't see the inflation he keeps talking about, but I do see discounts everywhere...</I><BR/><BR/>______<BR/><BR/>Oh, really? Have you paid college tuition for one of your kids recently? Checked gas prices? Checked prices of milk, eggs, bread now versus two years ago? Checked your utility bills and Internet service provider fees now versus two years ago?<BR/><BR/>Inflation is everywhere. It sneaks up slowly and most people are like the stupid frog in the water where the temperature is slowly raised to boiling, which of course kills the frog. The frog feels fine and doesn't notice all along........until he's dead.<BR/><BR/>Stupid, stupid sheeple.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80373478300327709912008-04-02T17:24:00.000+01:002008-04-02T17:24:00.000+01:00Both 1 & 2.Hold any you've already got. Buy more ...Both 1 & 2.<BR/><BR/>Hold any you've already got. Buy more if you can.<BR/><BR/>Don't sell on dips, that's dumb. BUY on dips. Maybe sell a little of what you bought on the next strong rally.<BR/><BR/>Don't let head fakes in the metals market fool you. The economic underpinnings of much higher highs in gold are unshakeable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86774904519660654492008-04-02T15:50:00.000+01:002008-04-02T15:50:00.000+01:00This one is easy...Simple Econ 101.Supply and dema...This one is easy...<BR/><BR/>Simple Econ 101.<BR/><BR/>Supply and demand.<BR/><BR/><B>kinda like what the NAR was saying in 2005</B><BR/><BR/>We are finding less and less gold deposits, and the ones we are finding are of small deposits.<BR/><BR/><B>they're not making any more land you know, especially prime land like in SoCal, Nevada and Arizona</B><BR/><BR/>So, supply is not/will not, be expanding anytime soon.<BR/><BR/><B>land will not be expanding any time soon, since you know, they can't make any more of it</B><BR/><BR/>Demand; as long as the Governments of the World continue to expand their currencies, the new money will find its way into the hands that want to buy gold. That increases demand.<BR/><BR/><B>New immigrants are coming to the US in droves and they all need a place to live. Plus baby boomers will all be buying 2nd and 3rd homes for retirement. And their kids are now in their prime buying years. Therefore demand will only increase for real estate.</B><BR/><BR/>So, from there we deduce;<BR/>stagnant supply, met with increasing demand equals...?<BR/><BR/><B>Therefore, we have stagnant supply of land and an incresed demand, meaning now is a great time to buy real estate before you get priced out forever.</B>Edhttps://www.blogger.com/profile/13750286862065420283noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28467143749961480222008-04-02T08:18:00.000+01:002008-04-02T08:18:00.000+01:00Question for the crowd and Keith:How much gold is ...Question for the crowd and Keith:<BR/><BR/>How much gold is in physically owned assets vs 'electronic' gold such as GLD?<BR/><BR/>Physical should be more secure given you can see it's backed by real gold but there is a risk of theft. And buying & selling involves verification of the quality and commissions. So in this point electronic is more convenient.<BR/><BR/>Anyone know the mix between physical & electronic? Can you post the links for this info?<BR/><BR/>Thanks,<BR/><BR/>BCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11413260716656105882008-04-02T05:53:00.000+01:002008-04-02T05:53:00.000+01:00Uhh dude, I have a BA in Economics...you can get e...Uhh dude, I have a BA in Economics...you can get either one...but I agree its more of an Art than Science..but it does apply in todays world. Unfortunately some of the "best known" economists are not the "best" economists. Shiller would be a great exception.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78356813836810573342008-04-02T05:11:00.000+01:002008-04-02T05:11:00.000+01:00Advice to potential gold buyers; Use anyone but ...Advice to potential gold buyers; Use anyone but MONEX. So Cal BBB rates them an "F". Had a NIGHTMARE experience last month buying just 100 Silver Eagles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82203466931406835312008-04-02T04:11:00.000+01:002008-04-02T04:11:00.000+01:00Look at the chart, it's parabolic. No way is actu...Look at the chart, it's parabolic. No way is actual inflation that bad. Gold has priced in years of future inflation, just like tech stocks priced in years of future earnings growth back in 2000. I'm not saying it's gonna crash, but think about it people, does that chart remind you of anything? (Hint: look at housing prices in the mid-00s.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22878610080192635842008-04-02T04:09:00.000+01:002008-04-02T04:09:00.000+01:00Take $1000 cash and 1 gold coin and bury them both...Take $1000 cash and 1 gold coin and bury them both for 100 years. Dig them up and see what you can buy with them at that point.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15519352272525717692008-04-02T03:37:00.000+01:002008-04-02T03:37:00.000+01:00Interesting that gold and long-term treasuries bot...Interesting that gold and long-term treasuries both went down (and stocks up) - market sees uncertainty disappear, I think market is wrong. I expect both gold and long-term treasuries to come back, but at some time their ways will part - which one will gain the upper hand?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51046419506617858252008-04-02T03:28:00.000+01:002008-04-02T03:28:00.000+01:00This morning on Bloomburg news mentioned food, and...This morning on Bloomburg news mentioned food, and meat in particular is going to get a lot more expensive.<BR/><BR/>I'm stocking up my freezer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22816621225049649062008-04-02T03:13:00.000+01:002008-04-02T03:13:00.000+01:00This one is easy...Simple Econ 101.Supply and dema...This one is easy...<BR/><BR/>Simple Econ 101.<BR/><BR/>Supply and demand.<BR/><BR/>We are finding less and less gold deposits, and the ones we are finding are of small deposits.<BR/><BR/>So, supply is not/will not, be expanding anytime soon.<BR/><BR/><BR/>Demand; as long as the Governments of the World continue to expand their currencies, the new money will find its way into the hands that want to buy gold. That increases demand.<BR/><BR/>So, from there we deduce;<BR/>stagnant supply, met with increasing demand equals...?<BR/><BR/>anybody?<BR/><BR/><BR/>anybody?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88130629347973830392008-04-02T01:26:00.000+01:002008-04-02T01:26:00.000+01:00This is the big washout for those who either bough...This is the big washout for those who either bought too much or dont have staying power. For all you experienced traders out there you know this happens in bull markets. Gold will likely trade down to $800 then we can think about buying it again. The commodity bull will last another 10yrs. Look to buy gold in a few weeks time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21796023173633815062008-04-02T01:20:00.000+01:002008-04-02T01:20:00.000+01:00I think there are powerful moves toward socialism ...<I>I think there are powerful moves toward socialism happening in the US - including the federalizing of the banks.</I><BR/><BR/>The shady group controlling the government wants you to believe that it's socialism, but in reality is Corporate Fascism. Just look at how Wall Street got away with all those misdeeds about the housing bubble. There's a deliberate movement in this country to hide their Fascist agenda behind socialism. Hell, you might even be one of their disinformation agents.<BR/><BR/>A note to the shady group out there:<BR/><BR/>We know that you're trying to impose Corporate Fascism and we'll f*ck you up! Not everyone is a sheep in this country and hiding behind Blackwater like a sissy won't work because we'll hunt you like dogs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88966558359353847242008-04-02T01:03:00.000+01:002008-04-02T01:03:00.000+01:00It's all rigged by crooks on Wall Street, corrupt ...It's all rigged by crooks on Wall Street, corrupt MSM, and the Zionists that hold Bernanke, Congress, Senate, and the Fed as their bitches!<BR/><BR/>Oh yeah, nothing says rally and optimism like today's headlines:<BR/><BR/>1. Analysts see 200,000 banking industry layoffs<BR/><BR/>2. The U.S. industrial sector contracted for a second consecutive month in March<BR/><BR/>3. Construction spending fell again in February as home building tumbled for a record 24th straight month.<BR/><BR/>4. New Yorker: Americans are going for broke<BR/><BR/>5. Dell announces 8000 layoffs<BR/><BR/>6. 28 Million Americans Rely on Food Stamps<BR/><BR/>7. Food Prices Rise<BR/><BR/>8. Toyota, Honda Post Declines as U.S. Market Shrinks<BR/><BR/>9. Stock hedge funds, unsure about which direction the markets would move, sat on a record amount of cash as the industry headed for its biggest quarterly decline in almost six years.<BR/><BR/>10. NASA to Cut 8,000 Jobs as Shuttle Retirement Looms<BR/><BR/>11. Auto Sales Fall Steeply. GM, Toyota, Ford and Chrysler posted double-digit drops in U.S. vehicle sales last month, in what is shaping up to be the auto industry's toughest year in at least a decade.<BR/><BR/>12. A U.S. retailer group cut its March sales estimate for a second time as shoppers concerned about job security and the worst housing slump in a quarter century cut apparel spending.<BR/><BR/>13. Truckers clogged the New Jersey Turnpike and other highways today, slowing traffic to as low as 20 mph as part of a nationwide protest against surging diesel fuel prices.<BR/><BR/>14. As the falling real-estate and stock markets erode their savings, many aging Americans are delaying retirement<BR/><BR/>15. UBS to Write Down Another $19 BillionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48456684772654793032008-04-02T00:46:00.000+01:002008-04-02T00:46:00.000+01:00Keith,Professor Robini said cash will be king in 2...Keith,<BR/>Professor Robini said cash will be king in 2008. Does he have an opinion on gold?<BR/><BR/>The government stopped measuring M3 money supply but it is being measured by John Williams. <BR/><BR/>Is he and others wrong? <BR/><BR/>I think the safe bet should be gold while the government continues to print money and keep rates low. How can I be wrong?<BR/><BR/>Is there a site that can dispute John Williams measurement of M3?<BR/><BR/>Interview with John Williams<BR/>http://www.youtube.com/watch?v=PQIO0Roxo6o<BR/><BR/>http://www.shadowstats.com/<BR/><BR/>hloweAnonymousnoreply@blogger.com