Do not forget ,,,the professor, is funded by the state………..

Besides………..the entire EDUCATIONAL SYSTEM has been hijacked, and there is very little truth to be found at public and private universities today.

Right, the nature will have its revenge and swing to the other side in same magnitude. That will make gold far more expensive than it deserves like 1980.

I am too lazy to do a good calculation according to my above theory. since no one else come up with it, I should do it.

J…The Long…OOTB

Is your daughter finding that to be the case at her school?

Al, the entire system is wacked out………..Check and see how many TAs (teaching assistance)are teaching the freshmen classes instead of professors……that will be your first clue.

My daughter is not finding that to be the case., but, that might be because of the school and her major………..plus, we did our research before enrollment……

What did you learn…that you did not already know…………….

Hey, that’s a good long walk. You must be pretty fit Al. That comes out as 7 kilometers in my language which is pretty darn good for a guy in his Seventies. How the heck do you find the time with your schedule though?

And flight prices are dropping nicely with oil off by so much. A deflationary world might be a great place to live as long as you have cash on hand to do as you please.

In the future. I believe gold will go to 100K or more, may not be my life time though. All fiat currencies fail, these will include all the current ones. Human don’t have the discipline, at least not all the times..

Al, $12,000 today is no more preposterous than $875 in 1980. The following chart is two or three years old, but it makes this VERY clear. The monetary base has grown very sharply since 2012, so $12,000 will ultimately be low.
http://goldsilverworlds.com/wp-content/uploads/2012/07/monetary_base_M0_vs_gold_price_1940-2012.gif
Btw, I don’t know of anyone on this site, including myself, that thinks such a move will happen quickly (as you suggested in Segment 4).

Matthew , most people will make up words for other people and attack them. Al seems to be the same. I hope people stick to the meaning of their opponent and criticize what the other guy really mean. Disappointment on this.

+1 Lawrence

Matthew, you are assuming the monetary base remains stable or grows but are not considering that it can fall in real terms. Have a look at a chart of the base during the period 1928 through 1940 and note how dramatically it fell beginning around 1937 during a period of tightening. So I don’t think you can make the projections as you have because they assume a linear outcome and don’t account for disruptions along the path. Like interest rate changes as one example.

Monetary Base shows declines due to tightening action of Fed.
http://4.bp.blogspot.com/_H2DePAZe2gA/S6kZFIDQuEI/AAAAAAAAMOI/TeR2O4Q1ydQ/s1600-h/monetarybase+to+1939.png

Lawrence, I don’t understand your comment. Nobody called any names.

First a quick point. “Real terms” is not applicable when talking about the money supply. We all know it is measured in dollars and that it can increase, shrink, or remain relatively stable.

Yes, the monetary base can go down. It did so last quarter and does so all the time; just not for very long. The system will implode if it shrinks meaningfully for very long. What would the dollar be worth then?

In the big monetary picture, all roads lead to gold.

Seems Al thinks someone here suggest gold is going to 12,000 right away. I did not see any of these. And when poeple talk about invest in gold, my beloved Jim Puplava assumes they mean everything in gold and slap their faces. When people talkl about inflation, he also immediately saying hyper inflation is not happening. Who the hell talk about hyper inflation now. Very frastrating when people don’t focus on each other’s argument, especially the hosts who have control of the station.

+10 Lawrence
I lost respect for Puplava (and his silly sidekick) for several reasons including what you are talking about.

ditto on JP……….

Quick counter point…it is late here and I am tired so don’t bug me.

Secondly, the money supply in the US was expanded dramatically during the 30’s and through the Second World War and yet gold fell in “real terms” (that ok buddy?) for almost three decades until the early 1960’s. So how the hell do all roads lead to gold if a monetary base that rose almost 600% prior to 1937 and much more afterwards following the increase in US bank reserve requirements did not improve its fortunes? I don’t think you appreciate the impacts from the contraction of credit and how lending declined in the aftermath of the depression.

Look at a chart of the expansion of the monetary base during the 1930’s and 1940’s and explain why gold did not go insanely higher at that time. And please don’t say it is because the price was fixed because in fact it did rise and fall even then. If you want to use the idea that money supply is the primary determinant of the price of gold you have to get past this chart first.

US Monetary Base 1918 to 1963 — Federal Reserve Bank of St Louis
http://2.bp.blogspot.com/_H2DePAZe2gA/S6gndN3PSzI/AAAAAAAAMNY/KVQzYAUtUPg/s1600-h/monetarybase.png

Now look again at a 100 year chart of gold prices and roughly compare what happened with the monetary base versus what happened to the price of gold. see the problem with your assumption now?

Gold Prices – A 100 Year Perspective … GC ASSET Management.
http://www.gcasset.com/chart-perspective-gold-100-year-historical-prices/

Bird, do you know what you are talking about ? US was on gold standard and gold price was fixed. Then they issued too much money and gold went from 35 to 42 in. They formed London gold pool to fix the price. The suppression was open and US lost 70% of gold. So be Nixon has to break the tie with gold. US had more gold then it needs in the 30s. Is this common knowledge? There is nothing in common with the old time since there is no fixed price for gold now.

Look at the charts and the time periods Lawrence. I am not talking about the Seventies. Matthew says all roads lead to gold and he is being challenged to back that up versus a real world example from a leading world economy. All that money that was created in the expansion was absorbed into the system without sever inflation ever breaking out. That is the most important factor in this discussion. Matthew is an inflationist who only sees the numbers printed but does not know what needs to happen in order for there to be inflationary consequences. The money multiplier itself was shrunk as banks went into crisis and the Fed forced the survivors to increase reserves substantially. This was at a time of rate tightening, velocity in the gutter, savings rates on the rise and massive deleveraging of debts across society. How the hell can you get inflation in that cauldron of fire?!!!

Bird if you don’t believe there have been inflation since 70s, you can try to fill up your tank with 25 cents gas. I agree that in a fast expansion period, you can add a little more money. However, CBs will always overdo it out of political reason. There might not be severe inflation just like May not be hyperinflation. But in a longer term the inflation is very obvious.

Maybe you are the one who is tired. For the second time Lawrence, my posts did NOT refer to the period of the 1970’s when we had a serious period of inflation. What I was talking about was what happened between 1930 and 1948 which are the post 1929 Crash years and Second World War.

At that time the monetary base was dramatically increased as my charts prove. During that same period the price of gold did NOT rise dramatically. In fact gold fell all the way through to the start of the 1960’s

Obviously those facts are in conflict with the assertions and assurances from the gold bugs that gold must always equal the size of the monetary base and therefore that gold will surge to untold highs.

Matthews chart shows a correlation exists but he seems to ignore the finer details. One is that gold can refuse to respond to changes in the base for very extended periods of time. In this case (1930 to1960), the period of time where gold prices lacked responsiveness is three decades long!!!!

Matthew knows that. It is the reason he has not answered my posts because he knows he is playing around with numbers on a 100 year chart and fudging the outcomes to favour his idea rather than making a valid case for why gold should rocket to the moon.

Maybe the point here Lawrence is that there is truth to the notion that gold and the monetary base are correlated but you had better brace yourself for a very long wait before you will be satisfied with your defensive purchase.

For most people, three decades is too long to wait for a return. We might all be dead by then!!!

Lol Bird. If someone else wants to discuss “the finer details” with me I’d be happy to, but I’ve had enough of your presumptuous comments like this one: “It is the reason he has not answered my posts because he knows he is playing around with numbers on a 100 year chart and fudging the outcomes to favour his idea rather than making a valid case for why gold should rocket to the moon.”

And there you have it folks. That is how you beat the childish assertions of the gold bugs.

Read that post from Matthew carefully. It is the one directly above this answer. He has responded to the evidence and charts that I produced with no conviction whatsoever nor even a single counter point.

And you want to know shy? Because he has nothing of substance to refute what I wrote. He produced exactly zero in defense except the following empty remark…..” I’ve had enough of your presumptuous comments”.

Wow! What an effort (sarc) but honestly, in my experience, gold-bugs are some of the most feeble minded thinkers I have known. just sheep being led to slaughter. At this stage I would encourage enlightened readers to take note of my observations and the charts posted.

This is crucial if you want to understand what is happening to metals prices right now with regards to Central Bank monetary expansion. Those charts clearly indicate gold may not perform anywhere near the expectations of some people here. In other words, gold may actually perform very poorly relative to the expectations the bugs have placed on it.

Today, Matthew got beaten by his lack of knowledge and insights into the monetary history of the United States and the response of precious metals during a time very similar to today. Tomorrow I will deal with whoever else thinks he is smart enough to be Matthews replacement in the all-bull, all-the-time camp of hard money fools.

sorry, my response was for those ahead of you…………………..

That’s double speak, Al. You can’t have it both ways. Comparing the likeliness of Sinclair’s views to being invaded by green men from Mars is as degrading as it gets.

Al, Im not with you on this one. To each there own I guess.
Im ok with sinclair.

Funny, I can’t find “Green Men from Mars” as an insult in the slang dictionary. Perhaps you will direct us to the pages where that is the greatest insult of all time! Ha Ha Ha Ha!!!!!! 🙂 No wonder you people are all losing money betting on gold. No damned common sense.

Mine too Al. I understand why oil fell but as yet I cannot imagine what will drive it up anytime soon especially as most of Europe is in decline along with Japan, China, Russia, Brazil and much of the rest of the developed world. The bustling economies of Africa are just too small to make a dent in the ocean of unraveling that lies ahead. So I am now thinking that short of a real war that oil will stay down for quite a while.

I would think the real price swing would have to happen when the ball gets rolling on inflation via hyper print press mode and the “Oh my God we re printing more money” moment Chris keeps mentioning. That being said when we reach that point I’d have to wonder if sticking with the pms might be a safer more profitable move despite how much oil would rocket up?
Thx guys, great discussion on here all around this weekend!!

Thanks to you too Jay, it’s good to have you back again.

Doc fan,

Don’t be fooled or conned by birds! He conveniently changes his tone on the go. Follow him closely and not to far ago this nutty professor said silver has bottomed. He also said gold will not hit his 968 or whatever that number was that he kept insisting on for the longest time. Once the charts changed he then changed his tune. Is that the kind of advice you want from someone? To each there own. At least with me and Matt we give it to you live on the daily and don’t fill the board with sociopath negativity.

Now that gold has turned, the professor is claiming it will go down to a minimum of 1200. What happened to we are going to new lows? Ask him to give you a straight answer. He is full of bs. Beware it has red flags all over it.

Just saying….

+1 Glen. He’s simply trying to fake till he makes it. Like all BS-ing cons, he requires an audience that doesn’t know enough to detect what he’s doing.

Fake *it*

“He’s simply trying to fake till he makes it. Like all BS-ing cons, he requires an audience that doesn’t know enough to detect what he’s doing”. — Matthew
————–
Wow…you two are debate champions 🙁

I think Martin Armstrong has guys like you figured out pretty darn well. He wrote:
“Despite the kicking and screaming from the hyperinflationists, the world is starting to notice they are not in touch with reality. They keep touting old theories of money supply and inflation in their one-dimensional world. In the real world, there is a lot more complexity than they are capable of even observing”.
————-

Thank you Martin. well said.

Armstrong loves to setup straw men because that’s the kind he can knock down easily. Like you and even Jim Puplava, he doesn’t acknowledge that no hyperinflation is necessary for gold to resume its uptrend. By continuously calling all gold bugs “doom and gloomers” he and Puplava have lost a lot of credibility. At least you never had any to lose.

A lot of gold charts show the COT data in a graph form which is helpful for a quick visual clue as to what is going on. Sometimes I think too much gets made of it though because its is not really helpful for timing but rather just gives the suggestion of a trend since there is an assumption the Commercial Hedgers are usually correct in the long run. Here is a chart of weekly gold with the COT positioning shown below. Large Traders and Commercials have diverged quite a bit in the last two months so your concerns are valid if you subscribe to the idea the big guys know better.

Daily gold chart – Finviz.com
http://finviz.com/futures_charts.ashx?t=GC&p=d1

PS The gold call is for much lower in the years ahead…I haven’t been let down yet…

I know exactly who your guy is and he was dead wrong about gold at the December 2013 low.

You remind me of “Dillon” another follower of that guy. He also did not understand money/gold so, with gold at just 11 barrel of oil per ounce, I gave him this on Christmas day 2013 (gold is up dramatically in real terms since then):
—————————
Since gold is money, an assessment of it has to include, first and foremost, a look at its value relative to real goods and services. By comparing gold’s current purchasing power to its historical average, we can tell if gold is really going up or if the currency it is priced in is going down. For example, Fourteen years ago (Dec. ’99), gold was about $290 and was worth 11.3 barrels of oil. Today, gold is a whopping $910 higher, yet it is worth just 12.1 barrels of oil. Since 1970, the average barrels per ounce of gold is 15.1. So we can see that gold is currently undervalued in oil terms. Looking at copper, we see the same performance relationship profile. In December, 1999, an ounce of gold was worth 336 pounds of copper. Today, it is worth 357 pounds. Since 1970, an ounce of gold has been worth an average of 337 pounds of copper. As was the case with oil, we can see that gold has only slightly outperformed over the last 14 years despite being up 4 fold in terms of dollars. There are many more similar examples, but if we simply look at commodities as a group, we notice that gold did not break out of its 20 year range against commodities until 2008.

Conclusion: Fiat currencies have been in a bear market, but, for the first 8 years of the last 14, gold was NOT in a confirmed bull market. Gold must go far higher in real terms, not dollar terms, before we can call it a bubble. What has been before, will be again. History IS your guide.

————————–

Isn’t it funny that your guy is bullish on the “money” that the guys he despises create, OWN, and emit?

If their is anyone that thinks they can get the gold trade every time their a complete liar. Including anyone I read and respect and their the first to admit it..

See how much you made against the USD holding Gold the last 2 years. LOL
$GOLD:$USD
Ratio from 21 to about 14….Paper crushes rock……

Here’s what you don’t get, Bill. If you hold too much gold during the wrong two years, you’ve suffered an opportunity cost, but you haven’t lost much purchasing power, especially not permanently (notice that living costs have come down along with gold? How much is gasoline today versus 2011?). On the other hand, if you hold too many dollars through the wrong two years, you’ve not only suffered an opportunity cost, but also a real and often permanent loss of purchasing power (2004 to 2006 is a good example).

Generally I agree gold is an insurance policy. I just don’t know that it is good insurance against a major deflation in the developed economies where almost all asset prices are set to eventually fall. We do know gold tracks inflation more or less over time so that should be warning us that if inflation fails to break out that gold might languish or fall further. It looks to me that the metals breakout failed and we have returned to the major falling trend although a little more time is needed to confirm that.

I agree with you…I think this oil crash is going to be quite telling.
Some gold is ok but I don’t think now is a good time…Deflation definitely has the upper hand….

Bill, gold has skyrocketed 375% since the summer of 2008 when priced in oil. It went up 655% from 2000 to 2011 when priced in the Dow. From 2000 to the present, it is STILL up 400%+ when priced in dollars and was up 660% before this counter trend move. Gold is OBVIOUSLY a good thing to own when the economy turns down in REAL terms.

With all due respect, you’re lack of understanding appears to be willful.

*Last line: your not you’re

Matthew
Yes a crisis WAS in the works way back and HAPPENED……I traded millions of dollars in the PMs. I bought stocks like Richfield Ventures @ .90c and sold at $9….The real estate market crash a shit load of leveraging took place and central banks pumped desperately…..Business in Washington sate is doing well indeed…Deflation occurring now…The reasons to hold gold are very unclear as compared to the past….In USD it was a no brainier….I own 3% gold product now…..

Not everyone agrees the bottom in gold is yet in Matthew so your percentages can still change as time goes by. For example, if the Dow rises dramatically as some suspect will happen as the debt bubble unwinds but gold stays flat then the 655% figure becomes less meaningful. That was then but this is now. By the way, as a rule when something has already risen dramatically it is not the time to buy but to sell. The bear in gold is evidence of that maxim.

I agree with the ownership of Washington comment, Bill

In real terms, everything has been deflating against gold for years (OF COURSE not in a straight line).
This causes the Marxist Money Men to create more of their monopoly money since: 1) their system REQUIRES inflation; 2) REAL deflation (everything priced in gold), provides them with the political cover they need; and 3) it is extremely profitable to transfer wealth from everyone else in society to themselves.

Btw, when I say “monopoly money” it’s not meant as a euphemism for “fake” —I mean MONOPOLY —you know, that thing that we’re all supposed to be against? We don’t need FRNs OR a gold standard, we need free markets.

Matthew. Of course Gold goes up nominally over time. I owner a restaurant in Van 1986…I could buy potatoes $7 for a 100 lbs and Halibut for $2….Hal is now 20-25$ lb…Gold is not special…Id rather own a copper mine and produce as copper is needed year in and year out.

Gold is special in that no other asset class is negatively correlated to the economy. This is why it has crushed copper and even platinum since 2008. Each made a nominal record high that year, but only gold went on to make a much higher high (almost 100% higher in 2011). Copper is now down 41% from its ’08 high and platinum is down 44%. Gold, on the other hand, is UP 25% despite a nasty cyclical bear market decline of 42% (!!!).

Very few investors have paper portfolios that have outperformed gold since 2000.
Those who chose to stay invested in the S&P are up 31% while those who switched to gold are up as much as 400% right now. When gold hit 1923 in 2011, it was up 660% while the S&P was down 28%.

I’ve obviously won this “debate.” You resort to name-calling and pissing contests because you can’t make a good case for your misguided views. Like most people, you misread gold because you can SEE its DOLLAR price volatility. What you are programmed NOT to see is the dollar’s VALUE volatility.
It is easy to prove that gold’s value is FAR more constant than the dollars’ is, yet, like most, you choose to measure gold in terms of a Marxist pipsqueak of a currency instead of measuring the little paper promise in terms of gold. BIG mistake. I’ll spare you a huge lol.

Btw, you remind me of a cute little school teacher I talked to about 15 years ago. When she couldn’t hold her own in a conversation about the Federal Reserve, she defiantly asked what my level of education was. Then she quickly informed me that she has a master’s degree. It was an embarrassing display, to say the least.

Come on Matthew, you are the first to start calling names around here. You have a reputation and a bad temper so spare us the throwing of rocks in a glass house.

HAHAHA you are WAY to serious bud….Never seen someone so obsessed….Chill out man.
I actually don’t have time to micro manage currencies / Gold ect. Its pretty hard to move 100s of Ks in and out…Plus my business which is way more fun building Cell networks than staring into computer screens..
All good just screwing with you because its so easy!

Matt your a wound up dude…are you on this blog 7 days a week?

Things I enjoy…long walks on the beach…..
What I find interesting is diversity in life….Its way more interesting.
So if you spend most your time impressing people about your knowledge about the financial system Matt I have to have a little giggle…..
I know more about the financial system than 98% of the population BUT!
I can run heavy duty machinery…Rebuild Heavy duty machinery diesels ect.
Build a cell phone network. Microwave radios, Fiber networks.(present business)….I built my home including the cabinets (toughest job). Multiple business including Mini storage and owned and operated a restaurant. BUT WHO CARES!?? Right…

Bill, you’re reading a lot into my writing style. I am hardly as serious as you think.

You look pretty serious yourself. I am now a “clown” “a freaking genius” and Matt”y” lol!
Makes you look threatened and insecure too. 😮

Bird, who called who a “retard” recently? All I did is tell the truth:

😮 On January 18, 2015 at 1:45 pm,
Matthew says:

Ha, more proof that the value of your comments is inversely proportional to their length. Ergo, you provide the most value here when you post nothing at all.

While your here like clockwork…..that’s not serious?…
I could care less…I just poke my head in here once in a while to mess around….Then I’m off to pull wire….!!

I trade all week every week so it’s not hard to rotate through this site often. I prefer the markets to pulling wire anyway; haven’t done that in 25 years! 😉

That drives me bonkers personally…Love building/creating things….more better than money for me!

There are many ways for the Dow-Gold ratio to go to parity.
1) They can both rise while gold rises more/faster…
2) Both can fall while the Dow falls MUCH faster/more…
3) The Dow can stay essentially where it is today while gold goes up…
4) Gold can stay essentially where it is today as the Dow plunges…
and the most like scenario is…
5) Gold can go up dramatically while the Dow drops.

The ratio bottomed at 1.3 in 1980. This time, that might mean $11,000 gold and 14,300 Dow. The Dow already plunged 87% versus gold between 8/99 and 8/11 and the sheeple didn’t understand it or become too alarmed. Now it’s going to drop by another 90% or more and I’m sure that I will still be a clown to most of them.

Since the excesses are far greater this time (which amount to stored, or potential, energy), we might see gold exceed the Dow this time. It wouldn’t surprise me but I don’t know how much of my positions I would have left at that point as it would take nerve not to sell everything sooner.

The oil “shock” of the ’70s was due to the dollar suddenly becoming “as good as a government’s promise.” It had previously always been “as good as gold.” There have only been very short term bouts of price deflation since 2000 in dollar terms. Dr. Copper is STILL up more than 4 fold since its 2001 low despite a contracting economy. Why? Because of money creation and the resulting destruction of each unit’s value. You haven’t seen anything yet.

Ben and Janet tell you to worry about deflation because…YOU SHOULDN’T.

The oil shock was due to an embargo and the formation of a Cartel. By the time it was over we had a dollar essentially denominated and backed in crude oil and priced in USD. That was part of an agreement Nixon made with the Saudi’s who exchanged it for US protection and their defense.

What this effectively meant though was that oil had supplanted gold as the measure of worth. You had best check your history on the topic, Matthew because this is important for where we are at today and why gold has lost so much of its luster.

It is also what tells us that we had better learn now that the trade to offset potential losses and see profit during the coming dislocation of bond markets and stocks will be found in energy (crude),and not so much in precious metals.

And by the way, it is hardly improbable that the US administration sacrificed the domestic Frackers to get Saudi back onside and playing the game. Oil is falling because they will not relent on production volumes during a time when the globe is suddenly bathing in surplus oil output. But make no mistake, this is all about the dollar and given time the Saudi’s will be amply rewarded with substantially higher prices that more than offset the losses they currently incur as they drive most other producers to the wall. Major producers there are going to be a strong buy.

Gold is up 9% vs your pseudo cash in just the first 3 weeks of the new year. It is up 7.5% since the first of last year (when your guy said to sell it).

Last time the debt bubble burst (1930’s) they ended up turning a large part of those Shaugnessy mansions into rooming houses for the indigents and unemployed after their formerly wealthy owners were unable to pay the taxes, mortgages and upkeep following the Crash. Not saying it will get that bad again but its pretty sure Vancouver is in store for an ugly correction one fine day.

As long as the Asian folks keep streaming in with their money it will not. And, what is wrong with their money itself?

“when your guy said to sell it”….. Matthew
———–
Who are we talking about anyway? I have never heard of an AVA.

True enough Al. Guess we will know if China lands hard or not. Don’t forget the correlation between Hong Kong and Vancouver land prices. As China is a major export economy its eventual correction might even mirror the severity of what the US experienced in the 1930’s when it was the worlds workshop and the whole globe stopped buying. Both HK and Vancouver should turn down together.

Al, all markets eventually run out of greater fools/bag holders. Vancouver real estate will be no different.

Not so Matt, Vancouver is one of the greatest cities in the world, and if as you do, believe the fed will print print print (which I also agree with), prices won’t be coming off anytime soon in Vancouver. At best will stay flat for periods of time. No question prices are ludicrous though (as are the costs associated I.e. property taxes in west van on most of those new homes up the hill are approx 60 grand a year per house)

Jay, I believe that Vancouver being “one of the greatest cities in the world” is part of the reason why its real estate market has performed as it has so far. It’s greatness is priced in.

This is interesting:
http://www.bloomberg.com/news/2015-01-21/shadow-lenders-fuel-risk-as-canadian-home-prices-soar-mortgages.html

Someone has to buy for them to rent.

Well,some of the problem will be the rental amount , will not match the budgets of part time millennial worker. These millennials will have to share space, and the result of sharing a space, ,,is one sometimes looses his job…..and then the other moves out, and you have an empty unit………………Not a rosy picture………..

Millennial also, have more SCHOOL DEBT….which is not forgiven, and rents will be an ongoing higher vacancy rate, than most are considering………..a dollar short, is a dollar that the LANDLORD IS NOT GOING TO GET…………………….JMHO…as a past landlord…..

Times are totally different for real estate than anytime in the last 50 years….., people are not thinking who the customer is going to be…..and the oversupply of all the vacant units in the USA. There is still a glut of housing ,,,,big, and small.

Oh, I think you are talking about states. Here students don’t have much debt. There are a lot of help wanted signs in Calgary. This may change off course. I haven’t heard too many kids unemployed.

you are correct…..the USA…………big problem with student debt……that is why OBAMA wants to give kids a free ride for two years…………..and then sock it to them…

Partially true, but not completely.

which part?

Not sure since I feel it will be state secret. But but their import was up 20% compared to last year in December. If they inject it back to gound, it could be a lot since China is a large oil producers for a long time and a lot of its fields are depleted.

Also Saudi prince was in China for a long visit before the crash. They may have worked out a deal. Pure speculation on my part. There might be nothing.

Bird,Lawrence, I posted below, Richard Duncan, If this fellow is right, the world economy doesn’t depend so much on oil,gold etc but credit, which he expects to expand.
He suggest there is an opportunity to invest this credit in new technologies that could drive the world economy for years into the future.
I guess it would be time consuming to watch it but I couldn’t take my eyes off.
Sure be nice to get an opinion or two, from you guys and others of course.

Sure I will have a look at the link…maybe tomorrow though. Now its bedtime for me and for some reason the dogs are howling up a storm and making me nuts. They sometimes do that when they smell a Hyena in the neighborhood.

Sorry bb, that video won’t play for me for some reason.

Unfortunate Bird, I think you might have appreciated what he is saying.
You have mentioned pieces of it.

That is an excellent comment Vortex. There must always be a refuge for sheltering from the end of a credit bubble. In the Depression it was gold but that was ONLY because the US government confiscated and then revalued the price higher.

Had they NOT done that in conjunction with putting a floor under price and buying all the available mine supply then there is about zero chance that gold miners would have performed as they did during those difficult times.

In other words, gold performed well ONLY because government policy dictated it be so and that is why share prices soared while almost everything else was in decline. We will not see the same thing again because gold confiscation cannot be repeated in the same way nor at a time when so much of the gold is held in other nations vaults.

OK…so what is the refuge going to be? Oil is the obvious candidate. It is money after all.

And we must keep in mind it will be the majors who will benefit shareholders most, not the small fry. I am talking about the dividend payers and blue chips of the business who are formidable enough that this price decline will not derail them during a time the small operations are flushed out, bought out or bankrupted.

Where I live we experienced an egg price crash about a year back. It was touted benevolently as a favour to the public and the price declines came just before a major holiday. The people were thrilled and those discounts lasted for the better part of the year.

In the background though almost all the small producers were drained of resources as production costs exceeded sales. Eventually they closed one by one because the discount egg price was in fact below the cost of production for anyone with fewer than a couple thousand birds.

The big players had cut their margins to the bone. Once the field had been cleared and the dust settled the big boys jacked up the price above its pre-discount days and earned back any losses they had suffered during the shakeout. Many of them had also undergone expansions and that is how a handful of majors now have dominant control of the egg market here.

This is a story that plays out again and again and I have seen it done many times over the years. Something similar happened long ago in the US steel industry as it was consolidated into the hands of just a few men. You all know the story.

And so now it is happening on a global scale with oil. We should expect major mergers, bankruptcies and buyouts that will most certainly be on the horizon as valuable properties are acquired by the few bigger firms who are most strategically placed to benefit.

High cost producers necks will be on the chopping block just like the hundreds of thousands of egg birds over here that got packed and frozen for the dinner plate once their careers as egg makers proved unprofitable to their investors.

That is why we need to focus on crude oil because that is where the shelter is going to be as the credit bubble concludes, bonds implode and sovereign debts are reconciled with reality.

And of course, oil does not carry the stigma of gold. I would not be surprised one bit that strategic investments in energy and oil at this time eventually pay off equally or better than those achieved by Homestake Mining during the Depression years.

Because history rhymes. There is always a shelter for capital. We need only understand what it will be.

Gold Stocks in a Depression — A refresher…just don’t expect this to repeat for gold.
http://www.caseyresearch.com/articles/gold-stocks-depression

Vortex, I love the dividend these companies offer. They almost too good to be true.

What are your favorites Lawrence?

Bird, thanks for the kind words. You bring excellent additional comments to the table as well.

When I say staggering profits could be had if the stocks are bought at the right price and time, I’m not kidding.

Most of these big international oil players are some of the safest businesses in the world today and will be around when I’m gone and buried. Far safer than any gold or silver mining operation by untold miles.

Don’t get me wrong, I do love investing in the PM space where huge profits can be made relatively quickly, but they come with insane risk and volatility.

The profits would be somewhat slow with the oil sector behemoths but would be very consistent and generate very safe returns. Something you park cash in for years.

Bird, I’m just licking my chops at the opportunities coming up in the sector.

Lawrence, YES!

There are some that are already paying 4%-5%. I mean these are fabulous companies, and very likely far safer than even keeping your money in a bank. As long as brokerages remain solvent the stocks will really generate wealth in paper terms.

Some of these companies in today’s climate of uncertainty are as close to a widows and orphans long-term opportunity as can be expected.

Three to five years from now these quality companies will be priced multiples higher than they are today.

Bird, I have only a few oil companies but I like a lot of them. The reason I am light on oil is that I work in this area. Now I have to break the rule. I like ConocoPhillips, Canadian natural resources, husky, suncor, shell , Encana, etc. too many good companies in oil gas. I may have to wait though. Trying my best to stay cool.

Great judgement Vortex. Now I am tilted a little more to Canadian companies since Canada is devaluing loonie and Canada does not have a lot expensive shale play. Oil sand is expensive but only in the sense you need to invest a lot of money to start. Once you are in survival mode, the cost is not that bad. Shale will decline too fast to avoid drilling. US drilling is in overdrive in the last two years. Now it is not viable. So you can see canada almost halted a lot if drilling and can still operate and US shale companies have to drill at loss.

You got it Vortex. To put a finer point on this, just put yourself in the seat of an oil executive in America for a moment and appreciate two very important points. The first is that the dollar is soaring in value and thus buys a great deal more than it did in the recent past and secondly that oil and oil assets have suddenly become stupidly cheap.

When you combine these ideas with the fact that the Gold/Oil ratio is screaming sell gold and buy oil you get the picture quickly. This is a no-brainer as far as an investment choice goes and anybody not paying attention will miss one of the easiest trades of the century.

You absolutely MUST NOT ignore the upside potential of owning the top tier oil companies in America at a time when their competitors are reeling from a combination of debt servicing costs (in USD) that have gone stratospheric and simultaneously dirt cheap oil prices which could bankrupt many in the coming year or force them into the willing hands of stronger competitors.

When these factors converge you get an amazing setup that is not obvious to most people. Gold holds no allure to me whatsoever at this time as my attention has become fixated on oil, the dollar and a coming consolidation in the industry that will change the world for decades to come.

It is time to buy big oil.

Put another way, we are now in a position to buy an alternate form of money for a fraction of its known cost (and below extraction costs) and we can do that by using USD which has surprised most analysts by rising parabolically in the last while. It is the perfect trade if you are a holder of USD and have time on your hands. It may actually be the key trade we need for sheltering capital during the coming sovereign debt bubble deflation. Oil is money….oil is new gold.

Bird, you get it right. I am selling gold to buy oil. My frustration at present is this stupid oil equities stay high compared to oil price. It is hard to pull the trigger. I want them down more.

Many thanks Lawrence. I really appreciate those words from you above others who don’t know how to do the math and keep pounding on the gold drums of doom. This is a time to sell gold. It would be a big mistake in my opinion to do otherwise when this kind of a risk free trade comes along. Maybe Chris Temple who follows energy stocks most closely will weigh in next week with his thoughts. Cheers! 🙂

Birdman:
Good piece at 5:46 pm.
You write very well when you aren’t frothing at the mouth.
I think you’d do well if you stopped trying to convince others by arguing with them, perhaps in a blog titled “Out of Africa”.
Whenever I see you jumping all over someone like a screaming banshee, I’m reminded of this; “A man convinced against his will, is of the same opinion still”.

For those with long-term charting capabilities, pull up a chart going back to mid 2007 comparing the following. You might be surprised – or not.
XOM – Exxon
VLO – Valero
CVX – Chevron
COP – ConnocoPhillips
BAM – Brookfield Asset Management
CNI – Canadian National Railway

Many thanks Irwin. I appreciate your point. Maybe I just write better sober. Truth is I have had my struggles with alcohol but for many months now it is dry around here. Old habits die hard though. The behaviors of the drinking days stick with you even after the glass is not filled anymore. Bear with me as I attempt to rejoin the human race.

Irwin, I see you have included oil companies and refiners and property management as well. So we may want to include oil service, EPC and drillers. There are a lot of these companies and they fluctuate a lot more than oil gas companies themselves.

Thanks for the RX info. I will check into it. Wonder if it’s covered under Obammiecare 🙂

Also, looking into speech to text software so I don’t have to type. Tried it along time ago and didn’t work to good. Had a friend named Sutton and it always spelled his name as Satan 🙁

Also, having trouble seeing. Can you recommend something for eye health? Maybe some kind of supplements?

Sight? How about an optometrist?

Not trying to be cute. It took Kathy five years to get me to one. Know what? I can see again!

Yes. I have gone to opthamologists. They say I have a rare disease called pigmentation dispersion syndrome which causes a pressure build up in the eye. Due to my corneas they say there is not much they can do (except of course they want me to come in every 6 months to monitor it which seems useless to me since they can’t do anything significantly beneficial, anyway. Guess they want the revenue.)

I just don’t see or type as good as I used to. When I was just a whipper snapper I could type so fast I had to use and asbestos keyboard to prevent sparks! And no typos. 🙂

so Mr. Big Al, again my apologies for mangling your name. As for me, you can call me whatever you like (typos OK), but just don’t call me late for supper…or lunch…or breakfast…or brunch 🙂

Ebolan:

Voice recognition (Speech to text) software: There has been an incredible improvement in the consumer level software in the past 5 years. I am buying the Dragon product for Mac in the next couple weeks – I think it is about $150.

Here is some information to get you started.

http://www.nuance.com/dragon/index.htm

Thanks for the link, Brian. Looking forward to hearing…er…readng how it works out for you.

BTW…Just heard from DOC…he said he’d pass….something about him & Cory going 7 rounds with Obama !!!

Tony that is too funny………I love it. 😉

V

J Long,

I did say that. The washout I’ve been looking to see happen is close. Could even start tonight. But certainly very soon!

I agree!

Can’t argue with that, but the odds do look good for the bulls in my opinion.

Well below 1,000 for a very short time.

Then, it’s on to the bull!

ditto

Most likely……sorry English not my top game and although can produce Im lazy on the type side …If i screw up my fuel pump timing on my backhoe then there’s a problem…
….Yip Gold has smoke the dollar since the beginning of time,…But the USD entered a bull when it was hated GLOBALLY….It was a bottom. With a deflationary collapse most likely going on now… a gold rally is highly suspect. I’m actually shocked at the move in the dollar…I thought it was in for a move but wow.

Yes, and a large part of that move has been real, not just nominal. However, I think that is about to change or has already. It can continue to go higher nominally by simply not falling as fast as the currencies that it is measured in (there is nothing real in the dollar index). Here’s something that might be confusing, or not: When gold and the dollar are both rising, the dollar is falling in real term (gold is winning). When both are falling, the dollar is rising in real terms (the dollar is winning). If all currencies were to lose purchasing at the same rate, the dollar could stay right where it is, as measured by the index (94-95), yet still lose a huge amount of purchasing power. The index does not measure purchasing power. Appearances to the contrary are coincidental. Gold does measure purchasing power.

Silver is up 29% since December 1 and gold is up 14.5% since November 7. Both monetary metals started their plunge more than a year ahead of oil and the rest of the commodities. They are now leading them on the way up.

Btw, that was my typo that I noticed not yours.

I’ve spoken of my expensive “tuition” many times. I don’t know what your purpose is… are you trying to convince me that you’re great or that I am not? Both, perhaps? I’m already convinced that neither of us is, but I am ok with each of our pursuits while you only see merit in your own.
http://media-cache-ec0.pinimg.com/736x/03/92/17/039217b7d8c51d10f1ec58ea3963f1cb.jpg

Your technicals are pretty dam good…
There’s just no point in pointing out every turn on the dime as if one can make it…You should be working for a large hedge fund or a investment bank…no?
I know where I stand and shlt

Re: “There’s just no point in pointing out every turn on the dime …”

I don’t come close to pointing out every turn. You have no idea how much I use hourly and lower degree charts intraday. There are a LOT of turns during every session. It’s really not “turns” but developments that I try to highlight with my seemingly redundant charts here.

Telling me not to bother is pretty arrogant in my opinion. Since when do you speak for everyone here. Some here actually appreciate them. If you can’t use them, don’t click on them. Simple.

If Al tells me to stop, I’ll stop.

Matthew all I’m saying is its pointless pointing at the review mirror and pointing out what happened the last few weeks on some counter trend…..If you have your gambling money GREAT…If your sitting on a few houses worth of dough I sure as hell ain’t one to play that game…. so if you want to point out GOLD OUTPERFORMED CASH FOR 3 WEEKS or so…I don’t give a rat….. If we have entered a new bull market in PMs for some time which I highly doubt….Id take that and commit some larger dough..
In the mean time Whale watching tours would be cool…I lived on the high seas for some time……But when I got to shore I had to pay bills…

I can say that gold has outperformed the dollar by more than 7% since January 1, 2014. You can fire back that dollars have outperformed since September, 2011. You’ll be able to keep saying that until gold makes a new all-time $ high, but I can point out that gold has absolutely SMOKED the dollar since the economy made its real peak in ’99/’00.

The secular gold bull never ended and the cyclical bear within it is now ending. As far as I’m concerned, a monthly close above 1,327.80 will seal the deal. If you can stomach one more of my charts, sit way back from your screen when you look at the following one and ask yourself if the dollar has been anything but a loser for anyone that held it for the last 15 years, overall.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=M&yr=14&mn=0&dy=0&id=p76980710921&a=367847899&listNum=1

As any trader knows, it is not pointless to keep looking at the charts. Even if you just actively rebalance your portfolio, charts are a great aid.

It’s been awhile, but I’m pretty sure I can smoke Bill at motocross, too.
There was a great race in Oakland last night…
https://www.youtube.com/watch?v=TQ6VIQOLLyA

Matthew …..do you collect arms……j…….

after seeing moto…..I need to say gun, rifles…………………

Not for the sake of collecting, but they did really pile up! Probably the prettiest of them is my favorite quail gun:
http://www.eurooptic.com/merkel-shotguns-280el-sxs-28ga.aspx

The one that most of my friends were always too afraid to shoot was my 475 Linebaugh. With my hand loaded 420 grain heat treated solids, it packs 100% more energy than Dirty Harry’s 44 Mag:
https://www.youtube.com/watch?v=5DZdfdAuxCA
You have to know what you’re doing to shoot it one-handed like John does in the video.

NICE quail gun………………What a kick..on the 475…..two hands required.., makes a 9mm and 38 look a little like child’s play.

Oh yeah, even my compact Kimber 45 Eclipse Ultra II feels like a 22 by comparison.
http://picturearchive.gunauction.com/5648180059/8936777/12377-2.gif_thumbnail1.jpg

if we ever meet up , you might appreciate some of the early antique , black power, cap and ball, muskets, longrifles, over and unders ….and civil war arms that I have collected over a number of years……colts, sharps, springfield, halls……nothing to expensive………..but, nice collectable and historical items……….and some with a little gold and silver plated………………….

nice looking piece…………………..j

I know I would like your collection. I’m very interested in everything you mentioned. One of the funnest guns I’ve had was a very inexpensive Marlin 45 Camp Gun. It uses 1911 magazines and I had a 50 round drum for it that fit the Kimber (yes, a 50 rd drum on a little pistol looks ridiculous!). I put in a heavy duty Wolf spring and recoil block and added a red dot scope and that thing was more accurate than it had any right to be.

What a hoot ,,,,50 rounds………….the drum must have be a real sight to see…

I have a nice cape gun………in case bird is reading……………

Sweet Dirt Bikes…
I use to race 125-250 class a LONNNNNNG time ago………I’m 49 now but can kick some ass….I use to jump grey hound bus lengths…I cant freaking believe what they do now…That and maybe a 720!!

Heck Bill………….your still a puppy…………..I thought you were about 70….

I’m 66 …..just so you know……………..

J, just for the heck of it, I’m going to guess that your cape gun is a 7mm Mauser next to a 16 guage. I know it’s a long shot but how did I do?

My bow accuracy is not great……Its been a long time but years ago we hunted bear in BC with a bow. Not without a loaded sidearm. LOL
Now they just hang out in my apple tree and I yell at them.

Matthew………….L.St George Garmishch 20 gauge/9.3 x 72R , Hammer model 1890, over and under…………………….

That is way cooler, J! Especially the 9.3 x 72R. I had a Sauer 9.3 x 62, but as you know it was rimless and lacked the interesting history of your gun. I like the 20 gauge more than the 16, too. I’ve owned the 410, 28, 20, and 12 gauges but never had a reason to get a 16.

Sauer makes a nice weapon…..

this was for Matthew……..sorry…………

Have you ever fired it?

Matthew……….never fired it………..to big to use on rabbits……lol

That’s for sure, lol!
Get a load of this:
http://hollandandholland.com/gun-rooms/royal-double-rifle/

Nothing like a $100,000 piece to set in a nice collection…….Those are really superior weapons………….Takes collecting to a whole different realm………appreciate, j…

Matthew………..go back to the site,,,,and check out the Range Rover………

180,000 pounds ($240,000) for a Range Rover? It’s very nice, but it’s still a Range Rover 😮
Here’s another great brand:
http://www.westleyrichards.com/new-guns/engraving

Nice………….

BTW……THE $240K….does include a driver ,,,right……………..

Went to a BMW driving school today. Very happy with my car which cost me a whole lot less than $240k!

I don’t think so… $240,000 ain’t what it used to be ya know. 🙁

AL…..are you sure that was not driver’s ed for those over 70

Thanks Glen, the feeling is mutual. We’ll just tune out the noise when the market opens.

Fair enough I just see the battle simply between them. I just see Bird as the Bull that walks down the hill.
I just hate gold nut protectors.
like a said Matthew has great TA experience. But if he thinks he’s going to point out every trade that I could have made in the short period He’s subjuect to my criticism. There’s no way in hell most are gong to be running that. Once again dont tell me how gold went up in few weeks while my cash trademarked it look stupid over the last 2 years. I saved myself R from 50% losses. I have no doubt Matt major input worth while here! I’m not that important anywhere. If you think you are check the mirror. I do appreciate this site. I just can’t stand gold pumpers obviously. Where were they 1998? It will come again. Like I said and Bird oil is far far more important than in the past. Gold is far less important. I wish i had time to read every response but after this one I’ll have no time for a while. Bird gas nailed the gold / oil importance and I own a company that burns $40k a year which is small by some standards but is very relavenmt to me. Gold is worthless to almost every company but a miner that’s selling it. Sorry for ghe typos but I’m not proofing

Gold nut protector? Pumper? Paper-pumper ignorance is too much.

Re: ” But if he thinks he’s going to point out every trade that I could have made in the short period He’s subjuect to my criticism.”

-I don’t know what you’re talking about.

Btw, I’m still wondering if the irony has registered with you that your guru promotes the fraud paper (FRNs) emitted by the very guys he so blatantly APPEARS to be against. Maybe you’ve been had and he’s nothing but (very convincing) controlled opposition. Or is he just not too bright?

Great big ditto Glen. People invalidate themselves when reverting to rudeness or worse.

FRNs are not the problem…Its the folks that control them…We dont need the FED…Just someone that’s responsible enough to control the amount in circulation….Its the best thing we got….That’s what I buy my toilet paper with…dollar back gold won’t and cant work…

If you don’t see the absurdity in your entire comment, you really need to take an interest in both, money and history.
Free markets would be the best, but a gold standard would still be far superior to the money-out-of-nothing, thieving standard.

If you can be increase the gold supply as fast as the growth of the economy it could work. The money supply is just been a used cause they can. Responsible management is the key I think.

That’s Keynesian (Marxist) propaganda.

I suspect red will be popular this week.

is that a joke……..what does a 4 D …do……..pay the taxes……..

Jerry, not a joke these new printers are capable of producing military armaments in the field, or on the way, they can now build a plane within a transport plane. DT

thanks DT…………j

There goes gold and silver my fine friend. Rollin over. Told you so!

PS: You are quite a rude individual. And your answer is still pretty weak. Three strikes, you are out buddy!

Do you remember when I told LPG that the sale of his gold options was both prudent and professional and that I hoped people were paying attention? Of course you don’t. That wouldn’t be convenient now would it?

OMG…you mean all those bullish gold charts of yours and the lines pointing up meant…..nothing! Ha Ha Ha! You are a real card, friend. You are talking about of both sides of your face. Doesn’t that hurt just a little?

You’re a fool Bird. Gold became overbought on the daily chart, that’s all. It’s going much higher after this consolidation is done. The weekly chart won’t lose its bullishness unless we get a weekly close below the 20 day EMA (currently 1230). I consider the outlook to be better than neutral from there down to the 20 day SMA (currently 1213).
So keep squawking.

I completely agree here Bird. Also great comments on oil. Way back. Can’t keep up with all the posts Honey doo list is long. And Al gotcha. Jim Sin was just pumping to hard and I lost respect for h and many others. Gold is not a saviour in my view. It has its place but I’ll take commercial real estate and oil over it any day.
If you take away gold it’s wouldn’t be a huge dal to the world but if you remove oil we would all die of starvation.

We would agree on plenty when it comes to both gold and oil, Bill. A few people on this site have a real hangup whenever someone does not get in the parade line and sing with the gold hymn books. Kind of funny really because they never get there are others who love the stuff but for different reasons. Gold charts and gold bugs are an easy read. This is like taking candy from babies.

More silliness. Plenty of people here like oil and know that it has become a bargain. They also know that there is no rush to go all-in. If you really could read a chart, you’d know that oil is on big monthly sell signals when priced in either dollars or gold (i.e. Gold is on big monthly BUY signals when priced in either dollars or oil). Gold is now up nearly 5-fold versus oil since the summer of 2008.

A lot of vacant RETAIL , WAREHOUSE, AND OFFICE space available………..depends on where you are…..and since, RE is not portable one takes the risk of not being in the right place at the right time…………not all commercial real estate is equal….as for oil one would need to go back and read some history on renewable resources……and I am not talking about the sun…….

Wait till interest rate increase and see if the numbers crunch on the commercial real estate…….even free and clear commercial buildings still have tax liabilities……and anchor tenant can go bankrupt.

Yup, no other commodity trades at just a fraction of its 1980 high. It even trades well below its average price for 1979 —before its end of January 1980 spike to $50.
We now have a very bullish, gigantic cup and handle formation.
http://silverprice.org/charts/history/silver_all_data_o_usd.png

Matt, this is not by accident. It is a fraud. We are consuming silver given to us by our ancestors for the last 4000 -5000 years. Silver have been used as money ( coinage). This is exactly what has been used to control its price since government took the metal out of circulation – inventory accumulated. They can not do it to other metals other than gold. But for gold, they are not that confident to do it completely, they need it. But for silver, they went all in and some. This is a crime in my opinion. When the crisis comes, they can impoverish the unprepared population, which is majority.

Lawrence, you’re absolutely right, it’s a crime and the mean reversion will be historic and very long-lasting.
How high will it ultimately go (I mean decades from now)? I don’t know, but it’s a no-brainer at anything close to current levels.
https://farm6.staticflickr.com/5164/5242628749_389c26cdb3_z.jpg

This one seems not talking about default.

http://www.zerohedge.com/news/2015-01-26/4th-time-charm-todays-slam-silver-surge-stocks-algo

Lawrence………I WENT back to find it………….sorry …it was early this morning, and this afternoon I can find it……………sorry…………….j……..

You got that right Matthew. This kind of speculation is for almost no one . If you have an don as an investment horizon and you don’t need the money Gold is a good option. Short term there are major risks. As for their stocks that’s a whole other ball game. There’s an element of speculation in everything. But I can put say 30% down on some commercial enjoy some annual appriciation of maybe 4% and yield of maybe 5-8% and some leverage that you would dare to go to sleep on trading PMs. That’s ultra low risk for me

Bill…………I have something to say….concerning ROI… gold vs. commercial real estate, if, you look at gold…long term, the return is at least 8.9%.(at least that was the number about 18months ago)………but, we could go back and forth which I care not to do,,,,,because I do like Real estate, and might actually go back to it later,,,when and if the timing is correct …………..thanks for reading……..respectfully,,,,,,,,,,,,j………

I prefer most in realestate with some gambling money to play with. Im a believer that we are seeing some serious deflation where cash and no debt works for now. Also my telecom biz is rocking so I’ll focus on that.
Always appreciate alls comments!! It’s fun when I have time.
J……..THE LONG. wish I started in rear state in the 70s!!!

Thanks J…T L.
There’s a lot of ownership cost in commercial but with the leverage and growing your company its a no brainer. Gold has bear markets for decades at a time. The biz kept tick tock and fed me and the gov inflates away my debt!!!

PS I could never put 7 figs in gold.
I’m hoping Canada takes it on the chin so I can purchase more dirt.
Cheers

there is still plenty of dirt around……you need to go into politics, and have your dirt turn into a golden goose…..Like Pelosi…….

The problem with real estate during an economic contraction is the leverage (debt). It is very difficult for real estate to keep up with gold in such an environment, that’s why it hasn’t in most places. Imagine what would happen if RE became a cash market.

J…TL
Yes politians always get the inside…..crooked bastar… they are….
Matt
Thats why you can’t overpay and you must be long term…
Me Im light right now…like I say no debt for me….
Yes it would take a huge hair cut and HUGE…..Most would be out of the game….its the scam on which keeps the whole ball rolling…
WOW lots of comments on this thread….time to move on…
Just fixing some Network alarms on an island on BC Sunshine Coast..(Rainy as hell these days is more like it)