• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Bill Gross:"Buy Real Assets... Gold... A House!"

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Fri, 09/14/2012 - 10:28 | 2794633 Roland99
Roland99's picture

best yet: A house made out of gold!

Fri, 09/14/2012 - 10:28 | 2794640 tocointhephrase
tocointhephrase's picture

Yeah but it would be gone by the morning!

Fri, 09/14/2012 - 10:32 | 2794648 GetZeeGold
GetZeeGold's picture



Bill....the Huns are on line 2.


.....and Chuck Munger is still on hold.


Fri, 09/14/2012 - 10:35 | 2794678 Precious
Precious's picture

Buy a comfortable lawn chair so you can see the banking system burn the country down.

Fri, 09/14/2012 - 10:35 | 2794681 Dalago
Dalago's picture


Fri, 09/14/2012 - 10:38 | 2794698 MillionDollarBonus_
MillionDollarBonus_'s picture

WARNING … Bill Gross has endured serious losses over the last 5 years, and is not a credible investor.

SHOCKER: over the last 5 years, Bill Gross has lost millions of dollars shorting treasuries, along with Peter Schiff and Jim Rogers. This demonstrates a serious deficiency in market knowledge and ability to manage risk. Inexperienced investors are advised to view this advice with caution and skepticism 

Fri, 09/14/2012 - 10:39 | 2794712 Bay of Pigs
Bay of Pigs's picture


Fri, 09/14/2012 - 10:41 | 2794742 Dalago
Dalago's picture

But how much have they gained buy being in physical assets...?


Why would anyone buy a house?!  The inflation would kill the money to pay for the mortgage.

Fri, 09/14/2012 - 10:49 | 2794805 mrdenis
mrdenis's picture

In New Jersey property taxes alone will kill ya'.....our politicians think a "just 2 1/2 % increase on the already highest in the nations taxes is like a tax cut ,even though you can't sell your home for assesed value ! 



Fri, 09/14/2012 - 11:19 | 2795022 Jay Gould Esq.
Jay Gould Esq.'s picture

"Think 7% unemployment..."

Ergo, think 60% labor force participation rate, for that is the only way the reported unemployment rate can decline to such a figure.

Fri, 09/14/2012 - 16:08 | 2796787 Kobe Beef
Kobe Beef's picture

Exactly. And as California and all the other Brokeback Parasite States go under, getting their greedy little paws on your property taxes is all they got left.

Plus, there's that whole Agenda 21, sustainable development, land restriction, property seizure thing going on.

Buy a house in the USSA? You're painting a bulls-eye on your forehead.

Fri, 09/14/2012 - 10:52 | 2794831 All_Is_Well
All_Is_Well's picture

No man..... You BUY the house, ,,with FRNs.....

Fri, 09/14/2012 - 10:54 | 2794845 analyzer_66
analyzer_66's picture

not too mention food, utils, and the cost of children

Fri, 09/14/2012 - 11:12 | 2794963 SGS
Fri, 09/14/2012 - 11:15 | 2794959 jekyll island
jekyll island's picture

Buy the house and take out a loan.  Pay off the loan with inflated dollars down the road.  Better yet, buy 1000 oz of silver at the same time you buy the house, use silver to pay off the house, get it for $35,000 you paid today.  Your mortgage contract is priced in dollars.  If, oops, when silver goes parabolic against the dollar you can use silver to complete your purchase.  That's how inflation erodes the FRN$.  Have to start thinking about houses priced in ounces of gold or silver.  

Fri, 09/14/2012 - 11:31 | 2795116 mirac
mirac's picture

Agree with what you say regarding the "house" idea, but Gross's theory will be proven wrong.  Housing is going to collapse with the system.  These "coastal people" tend to be nuts.  Wish he would just shut up.  Very insecure!  Seems to need the attention.  The silver part I am not sure but it has had a heck of a rally.  So are the 10 yr rates now...

Fri, 09/14/2012 - 11:33 | 2795121 aerojet
aerojet's picture

If only--since you can't use silver as a currency, you have to convert the silver to something else--dollars, probably, and then do what you said.  The whole thing is money changers and middle men taking their cut, which is a huge part of the problem.  If only we could pay with precious metals, the dollar would have to be competitive, but under present laws, it doesn't have to be.  The masters of this game have been very clever at backing us all into the corner they want us in.

Fri, 09/14/2012 - 15:16 | 2796493 Hayabusa
Hayabusa's picture

aerojet...  you cant be serious.  any homeowner would be willing to take 50k for their 100k house and the rest in gold or silver on the side.  this would lower the valuation and property taxes and screw the taxman or system think outside the box man, outside the box.

Fri, 09/14/2012 - 17:48 | 2797155 Kobe Beef
Kobe Beef's picture

You're still stuck in a house in an increasingly dysfunctional, increasingly Totalitarian State. I'm sure there's a great scheme to get North Korean real estate too, but I'm not buying.

Just buy the metals and stay mobile. Like, expatriate, mobile. Like, guerilla war, mobile. Mobility is your friend.

Fri, 09/14/2012 - 10:40 | 2794714 TwoShortPlanks
TwoShortPlanks's picture

And yours with even more skepticism.

Fri, 09/14/2012 - 10:47 | 2794784 larz
larz's picture

wow bonus time we need an analyst of your caliber at my negative return fund

Fri, 09/14/2012 - 11:41 | 2795173 asteroids
asteroids's picture

Wake me up when PIMCO has a gold fund that is run by Gross.

Fri, 09/14/2012 - 10:40 | 2794722 rqb1
rqb1's picture

come on mdb, you can do better than that.

Fri, 09/14/2012 - 10:41 | 2794739 NewWorldOrange
NewWorldOrange's picture

The only reality left is that criminals and traitors have taken control of America and are hellbent on destroying it, wittingly or not, and we MUST STOP THEM SOON.

On Martch 15, 2013, march on your city councils, state capitals, DC. Whatever you can manage. At 8am your time, just grab your family and walk into the streets. Refuse to disband or go home until the city councils oblige, the local police oblige, the state capitals oblige, the national guardsmen and armed forces oblige and follow their oaths, and TPTB in DC, including every Congressman, top administration officials, the DOJ heirarchy, have all been arrested and are awaiting trial.

Let the revolution begin. Demands: TPTB are tried for treason against their Oaths to support and defend the Constitution, for cronyism, rampant bribery and corruption, lies, malfeasance, and plenty of other charges that not only makes them unfit to serve, but TRAITORS and CRIMINALS and THUGS.

America marches on the Ides of March. 8am local time -- get in the streets. It's our last, best hope. Make this go viral. American Spring.

Fri, 09/14/2012 - 11:49 | 2795221 Renewable Life
Renewable Life's picture

As long as we are back home by 7pm to watch the lakers- heat game on TNT!!! Oh and not to mention, "dancing with the stars" will be in the knock out stages, so as long as this "marching thing" doesn't interrupt that, I'm game!!!

COME ON MAN, American Spring!!!!! Shit like that happens "over there" because the masses of people don't have........let me list them:

Food stamps
Social Security
Section 8 housing
EBT cards
Fast food that's cheap
Pro Sports
Mindless entertainment at the touch of a finger
And Ben Bernanke

We might get our "American Spring", but it won't be in 2013, shit has to get real in America first.......maybe by 2015-2016, and 10-15 trillion more in spending and printing!!

Fri, 09/14/2012 - 16:09 | 2796789 Theosebes Goodfellow
Theosebes Goodfellow's picture

Spot on, RL. If you want revolution in the streets in the USA, cut off all satellite TV, cable TV and drop the tower on local affiliates.

"No American civilization is more than 24 hours away from revolution if you cut off from their idiot boxes."  

~Theosebes Goodfellow

Ya' heard it here first, folks! :-)

Fri, 09/14/2012 - 18:14 | 2797241 Kobe Beef
Kobe Beef's picture

Why does everybody wanna wait until shit gets completely untenable before taking the slightest action whatsoever?

Enough with the excuses. You think George Washington, Thomas Paine, Samuel Adams and all those guys waited to see what the dumb mass of complacent boobs wanted to do first? No they didn't. Lexington and Concord happened way before most Colonists had even made up their minds. Two years into the Revolutionary War and most were still sitting on the fence. Guess they had a barn dance to go to, and that's why we Pledge Allegiance to the Crown still. Not.

"They tell us Sir, that we are weak -- unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed, and when a British guard shall be stationed in every house? Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs, and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak, if we make a proper use of those means which the God of nature has placed in our power." -- Patrick Henry

OK fine, you're comfy, and you'll wait until you're not. And then it'll be way too late. But never too late for more excuses.

"A general dissolution of principles and manners will more surely overthrow the liberties of America than the whole force of the common enemy. While the people are virtuous they cannot be subdued; but when once they lose their virtue then will be ready to surrender their liberties to the first external or internal invader." -- Samuel Adams, 1779

Surrender to Sloth, then. Conquered by Consumerism. And finally...

"Contemplate the mangled bodies of your countrymen, and then say 'what should be the reward of such sacrifices?' Bid us and our posterity bow the knee, supplicate the friendship and plough, and sow, and reap, to glut the avarice of the men who have let loose on us the dogs of war to riot in our blood and hunt us from the face of the earth? If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom - go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!" - Samuel Adams, 1776

Fri, 09/14/2012 - 19:49 | 2797526 steve from virginia
steve from virginia's picture


The American Revolution was at the tail end of over sixty five years of war between the colonists, natives, England and France. Segue from warfare to warfare was not a problem.


The last war on American soil ... leaving out Pearl Harbor and 9/11 ... 147 years ago. Yup, complacent.

Sat, 09/15/2012 - 01:24 | 2798107 Kobe Beef
Kobe Beef's picture

Complacency indeed. That's why I read the Founders. Complacent they were not. Their words can still inspire, but we've got to man up and do the work.

I think consumer culture is partly to blame. We've been raised among all these labor-saving devices, and led to believe that easier is better. That easy is intrinsically good. Ease: the false God of Post-productive Consumerism.

Conversely, it's taking on the difficult or downright impossible that makes us Men.



Fri, 09/14/2012 - 10:41 | 2794740 KidHorn
KidHorn's picture

I thought Gross loaded up on MBS on expectation the FED was going to buy it.

Fri, 09/14/2012 - 10:42 | 2794751 TheCanadianAustrian
TheCanadianAustrian's picture

Downvoted because not funny enough.

Fri, 09/14/2012 - 10:45 | 2794771 LongSoupLine
LongSoupLine's picture

I'm with MDB...we should put more stock in people who said "hand over fist" buying of Facebook IPO !

Fri, 09/14/2012 - 10:51 | 2794818 samsara
samsara's picture

You could help us and mention the name of the Multi-Billion Dollar fund you manage?

So we can weigh your credibility vs Gross's.    Or do you get paid just for your DisInformational capabilities?

Fri, 09/14/2012 - 11:12 | 2794962 Stoploss
Stoploss's picture

Im sure Tyler can find the tweet from Gross a month or two back saying the FED was going to buy MBS until the end of time. As Gross was loading up on MBS.


LOL!! Try again.

Fri, 09/14/2012 - 11:51 | 2795233 silvermaister
silvermaister's picture

Hey you RETARD are you still around ?? Buying silver allready ?


Fri, 09/14/2012 - 12:33 | 2795462 Omen IV
Omen IV's picture

Gross - buy houses ?

gross already owns mortgage bonds and now probably more coming his way - these houses are already moving to obsolence given lack of discretionary income / approval restrictions and gasoline - surburban locations cannot be supported on $5.00 plus per gallon - this stock of housing is an avalanche on the flip - to whom?  

Fri, 09/14/2012 - 13:35 | 2795796 Stares straight...
Stares straight ahead's picture

"Inexperienced investors are advised to view this advice with caution and skepticism"

...And experienced investors are advised to view this advice with accordance and alacrity!

Fri, 09/14/2012 - 10:37 | 2794683 Pladizow
Pladizow's picture

 "Gold is a treasure, and he who possesses it does all he wishes to in this world ........" – Christopher Columbus

Fri, 09/14/2012 - 10:36 | 2794690 TwoShortPlanks
TwoShortPlanks's picture

QE3 buzz is gonna wear-off real fucking fast. I gotta bad feeling already.

Fri, 09/14/2012 - 10:53 | 2794839 Rainman
Rainman's picture

Why are you so cynical about Chairsatan's predictive talents ??

".....the impact on the broader markets of the problems in the subprime markets seems likely to be contained."

       Bernank to Congress....March 2007


Fri, 09/14/2012 - 11:02 | 2794910 e-man
e-man's picture

LOL! Just like the broader impact of printing $85 B per month is not likely to cause any inflation.  I'm sure $20 per gal gas will be blamed on evil speculators that need to be taxed.

Fri, 09/14/2012 - 14:24 | 2796157 MillionDollarBoner_
MillionDollarBoner_'s picture

I just brimmed out my gas tank in expectation of a price spike.

Does that make me an "evil speculator"?

Fri, 09/14/2012 - 15:12 | 2796458 Ying-Yang
Ying-Yang's picture

perhaps an evil brimmer

or even a bedeviled rimmer

Fri, 09/14/2012 - 10:54 | 2794847 Roland99
Roland99's picture

MBSes are already down 19/32.


Fri, 09/14/2012 - 11:22 | 2795049 jekyll island
jekyll island's picture

Of course the QE buzz will wear off, you obviously have been paying attention.  What this means is really bullish for PMs.  And inflation.  The end.  



Fri, 09/14/2012 - 14:22 | 2796143 MillionDollarBoner_
MillionDollarBoner_'s picture

That'll be the comedown. Its a real bummer!

Fri, 09/14/2012 - 11:46 | 2795208 Chuck Walla
Chuck Walla's picture

Bill....the Huns are on line 2.

.....and Chuck Munger is still on hold.


Cripes! Milk just flew out my nose!


Fri, 09/14/2012 - 10:50 | 2794809 Roland99
Roland99's picture

not if I secure it like an Embassy.



oh wait....

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