Gold-good investment or hype.

Big P

Big P

Well-Known Member
max can you post up links of the comments from the gurus about the dollar collapsing


if you dont want to buy gold, or send your money offshore,

is it best to put it all in your house, I live in a realestate market that is not too bad and wouldnt need to sell the house for many many years.


anyway thats where i have been putting all my extra money


if the dollar collapses my home will be worth more dollars thereby protecting me from inflation right, as long as the realestate market in my region is healthy right?

 
CrackerJax

CrackerJax

New Member
I agree that it's quite possible that the dollar and the market may crash. The USA is also getting close to losing it's AAA status. If that happens...if we get downgraded...the ripple effects will be devastating to the dollar.

I am already out of the dollar however..... something I started doing last June when it was apparent Obama was going to take the office. Everything about him pointed to his not understanding business and being hostile to it. He has kept his pattern true to form.

Big P.... real estate operates differently from gold but has one thing in common...it is not easily converted compared to other investment vehicles.

Depending on how much equity you have in ur home..... should dictate how long to keep money in there.

I got all of my equity pulled out of my properties about 6 months before the govt. caused real estate collapse. They were GIVING away loans at ridiculously low rates...and I took it. The market collapsed and tons of folks lost money on the books. Not me.... I was out of the real estate spiral and had mved all of my property equity into Phosphate and oil stocks, so while my neighbors were losing value....I was gaining.

Max is correct and sometimes nothing is the correct thing to do.... a lesson Obama should have heeded.

Investments are like water and tides..... it's lowering in some places and rising in others. The trick is to sell at or near the high tide and get into something low and rising.

So I had a two step process....work my real estate equity from a negative to a positive (it was a BIG positive :lol:), and then get into a stable currency predicting that at worst...the dollar is going to at some point act like a third world currency.
 
N

NoDrama

Well-Known Member
CrackerJax said:
Big P.... real estate operates differently from gold but has one thing in common...it is not easily converted compared to other investment vehicles.
Click to expand...

Gold is EXTREMELY easy to liquidate there CJ. Heck just today I needed to pay my Brother's bond for him to get out of jail. Sold some gold, not much just a few ounces, whole transaction took 2 minutes and I walked across the street with the check to their bank and cashed it.

Can you buy any real estate from hi how are ya to having the keys in your hand in 5 minutes?
 
CrackerJax

CrackerJax

New Member
I don't consider real estate to be liquid either.... read the posts before you comment.

Gold is not AS liquid as stocks and bonds... it just isn't. I can also hold $$100's of thousands worth of stock in one hand/envelope. I would need a truck and a very very large safe to hold that much gold.

10% ... no more.
 
Big P

Big P

Well-Known Member
i dont live in an area where realestate is bad they are still building houses here, well they just slowed down a lil:bigjoint:


we got $500k plus houses going up everywhere around my 150k per house average neighborhood so i only got one of the little working mans homes

this would make my investment relativly safe right? if i got all my monies in my house


i cant put it in the bank cuz of inflation and i dont want it in the market cuz i dont want to risk even 1% of it, and i dont want to put it off shore

cant a guy just have his money without it somehow becoming worth shit?


i slave for my earnings only to find out they are perishable like a big warhouse full of ice:cuss:


everyone told me i was a moron to put money in my home equity instead of putting any extra money in the stock market and making a killing

next thing i know all these folks now are telling me what a smart move that was and they lost thier shirts in the market collapse
im old fashioned I just want my money and keep it

i can see putting it in the market once there is too much money to know what to do with.

untill then its penny pinch and store it away:blsmoke:
 
M

max420thc

Well-Known Member
through my brokerage MONEX where i purchase my metals from . i can convert from them anytime i wanted back to dollars.or i could take my silver /gold and sell it in any country in the world for the proper exchange value to the currency of the country i exchanged it in.real estate you must find a buyer..there are ALWAYS instant buyers of gold and silver.
for thousands of years the medium of exchange has been gold and silver...even in the first years of our country our money was backed by gold and silver..the reason this was done was to control central bankers from over printing money..i can trade gold and metals just like stocks at monex..instantly..i can trade stocks on my ameritrade account with a click of a button..i can trade gold with a phone call instant and immediate.
or i can take possession of the physical gold. purchase it from monex they will ship it to me..and if i want to sale if.(for market rate) i just ship it back to them.
the only stock i currently own right now other than mining stocks in my 401K ..is halliburton. i know this might piss some people off.. but oh well...halliburton is a company who has NO bills...has a main office located in the middle east and is one of the only types of companys in the world that can provide the services they do.(mostly oil field supply's).
enter right now a company with NO debt is king of the hill..or companys with gauranteed profits in the ground.
my broker told me a couple of months ago that 15 billion dollars right now would corner the market on silver..that is how short supply it is in .
 
M

max420thc

Well-Known Member
real estate is effected by several things.
the economy the job market. local supply and demand. local income levels.money supply both local and national.BUT MOST IMPORTANTLY IN THE USA...THE MOST IMPORTANT THING IS INTEREST RATES.
the great depression of the US back starting in 1929 and slowly escalating down hill for 14 years untill ww2 brought us out of it you could have purchased homes for 50 bucks or 100 bucks...NO ONE HAD THE HUNDRED DOLLARS. the american consumer is taped out. they are broke and unemployed plain and simple. they can no longer fuel the economy.
this depression is going to be something far more sinister . a inflationary depression.
the cost of every COMMODITY'S go up...FOOD FUEL ect. wages will stay stagnant everyone will effectively will be taking huge pay cuts as inflation will eat up their purchasing power with no growth in the economy(government growth excluded)HOUSING VALUES HAVE BEEN briefly propped up by a 8000 tax credit...the US government cannot float the real estate market for ever..and there is a whole new tidal wave of foreclosures hitting the market..this time with no government subsidize ..this blood bath has just started.
 
M

max420thc

Well-Known Member
i like silver alot better for several reasons.
it is in perhaps shorter supply than gold..it is no where near its all time high that means it is undervalued in relationship to gold..
the US government at one time confiscated gold(under another progressive FDR) silver has never been confiscated by the US government.
and silver has alot of industrial uses .
 
CrackerJax

CrackerJax

New Member
That is very true.... I have tried to warn folks that the real pain has not even begun.... the Fed's are up to their old tricks again with Fred & Fannie.....more rubbish on the already giant pile.

If you can get at least a portion of ur assets overseas...do so now. Although I would wait for the Euro to shake out first.....Greece is a wild card at this point and the bailout may sink the EU worse than a default.

One thing I find quite different from the USA and the EU.

Both have had economic meltdowns..... but the population response couldn't be more different. The EU's haven't even protested the govt.'s dismal recovery approaches while the USA has had many tea parties and very vitriolic debate everywhere.

We are cut from different cloth. They have given up on the idea of the ppl holding the true power. they have submitted to their bureaucracy.
 
P

PadawanBater

Guest
CrackerJax said:
That is very true.... I have tried to warn folks that the real pain has not even begun.... the Fed's are up to their old tricks again with Fred & Fannie.....more rubbish on the already giant pile.

If you can get at least a portion of ur assets overseas...do so now. Although I would wait for the Euro to shake out first.....Greece is a wild card at this point and the bailout may sink the EU worse than a default.

One thing I find quite different from the USA and the EU.

Both have had economic meltdowns..... but the population response couldn't be more different. The EU's haven't even protested the govt.'s dismal recovery approaches while the USA has had many tea parties and very vitriolic debate everywhere.

We are cut from different cloth. They have given up on the idea of the ppl holding the true power. they have submitted to their bureaucracy.
Click to expand...
ROFL! I'm sorry but you're an idiot.

This is straight up ignorance Cracker.
 
Big P

Big P

Well-Known Member
so your saying im sitting on a time bomb


smart thing to do is refinance at low rate and pull every single penny out of equity right

and then what?:weed:




also what will inflation do the price of ameican goods on the foreign market?

will it make them cheaper or more expensive to foreign buyers?

I think the saudi currency is linked to ours, will inflation cause them to switch currencies?


will this make oil cost an ass load?


anyone wanna chime in,

im not knowledgable in these things
 
M

max420thc

Well-Known Member
Big P said:
so your saying im sitting on a time bomb


smart thing to do is refinance at low rate and pull every single penny out of equity right

and then what?:weed:




also what will inflation do the price of ameican goods on the foreign market?

will it make them cheaper or more expensive to foreign buyers?

I think the saudi currency is linked to ours, will inflation cause them to switch currencies?


will this make oil cost an ass load?


anyone wanna chime in,

im not knowledgable in these things
Click to expand...
what american goods?
and yea..oil will cost a ass load.
if you can pay everything off you owe and save money with a secure income you would be good..if not you could always max out your credit ....LOL..then file bankruptcy and keep the cash.LOL
 
Big P

Big P

Well-Known Member
max420thc said:
what american goods?
and yea..oil will cost a ass load.
if you can pay everything off you owe and save money with a secure income you would be good..if not you could always max out your credit ....LOL..then file bankruptcy and keep the cash.LOL
Click to expand...

products that are american like say large generators for hospitols and all that sort of industrial equipment air conditioning systems, water purification, pumps whatever

will those goods become cheap to people with foreign currency?


 
M

max420thc

Well-Known Member
no for several reasons..their currency's are melting down too..air conditioning units are mostly made in mexico and china now. the USA is a large manif. of heavy equipment and machinery we compete with germany and japan for alot of that market. soon to be china im sure.but heavy equip isnt going to support the US economy by itself. we rely to much on imported energy and our trade inballance's are too high and not coming down.the USA even now imports alot of food. when at one time we were the worlds number one food exporter .
at one time we were the worlds largest creditor nation now we are the worlds largest debtor nation.
 
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