- advertisements -
did you account for rent?
I'm watching Final Destination 7... starring Bank of America
What owner of gold would be stupid enough to give it up for a single family home.
Wait a couple of years and for the same amount of gold, youll be able to buy the neighborhood.
The case for $20K/oz gold: http://goldsilver.com/the-debt-collapse-and-why-gold-silver-are-rising/?utm_medium=email&utm_campaign=GoldSilver+-+8172011&utm_content=GoldSilver+-+8172011+CID_cae0c95a3bb662ff17a73464c417ab4d&utm_source=GoldSilver+Email+Marketing&utm_term=Dont+miss+seeing+this+valuable+video
Carrying cost on gold = $0
Carrying cost on home = infinite tax increases by city/state, insurance premiums going up, needed normal upkeep, etc.
The prices of homes will get a whole lot cheaper in gold...bitchez.
And even if they don't go lower in gold, not one of the 7 million unemployed will be able to rent it from you anyway.
Maybe one of the 45 million people can pay you with their food stamps?
going much lower, bitchez:
They will get cheaper faster in silver if you don't mind using a dolly.
Wake me up when you can buy a house with a mere three loaves of bread, a can of Red Feather butter, and one jar of raspberry jam. Until then they're still overvalued.
I'd trade my $200/mo in stamps for a roof over my head. Any takers?
Not many landlords I know will rent to the unemployed, how about the 150 million or so employed?
There will very soon be a carrying cost of gold.
Never EVER forget: The gov't will do ANYTHING to keep the balls in the air. They will never outlaw gold or confiscate it. They will tax it. They will tax transactions at 70%.
If you were them, wouldn't you?
see "Greece"...or see "about anywhere else."
The government can TRY a lot of things; doesn't mean they can make them stick. They tax drug transactions at "jail" right now and those seem to be sailing right along.
i believe I can speak for most Americans when I reasonably say.
FUCK compliance with bullshit laws like that. Say hello black market
"All laws repugnant to the U. S. Constitution are null and void." -- Marbury v. Madison 1803
You might want to let Congress know.
They just forgot. Pitchforks and torches will remind 'em though....ah, who am I kidding, that's another thing that will never happen.
Retail investors by in large do not move the price of gold. Institutions do. They will never let this happen. Central Banks around the world are buying up gold like crazy.
They very well may institute a licence to possess gold, renewable annually, of course, for large fees. Covers the big boys, and allows them to control the market.
If I were them I would look for honest work, but you are right. The demons will do whatever is necessary to stay in power. It would not matter how many dead bodies piled up. Tuco
As If, Ya, Like they tax 70% on the transaction when one buys an Oz. of pot.
You think like an Honest person. While that may have been Admiral in other times, it will get you killed in the future. Learn to Think Like an Outlaw.
How do you suppose those Wall Street guys got so much money? THEY THINK LIKE OUTLAWS.
Read your post. Don't Do any 'Legal" transactions. Have no income 'On the Books' Just like the big guys. Nothing to Tax.
Black and Flea markets will be ubiquitious.
Jesus said, "render unto Caesar, what is Caesar's"
Well, that begs the question, what the fuck is Caesar's and as far as I'm concerned anything above 20% is thievery and I'll do what I have to do to keep my cash/gold etc. http://guerillatics.com
Flipping houses made sense. Being a landlord or owner makes you a target.
that chart is going lower....
Yes, I think the "moment" will be long and shaped like a hockey stick.....
To be fair, 2nd derivitive looks positive.
Still early in the game. I see the gold max/housing low point coming in 2013. Not to say it may go out lower and potentially not even be worth addressing if 'merica comes more and more unglued.
I vote for your third sentence
It will go much, much lower. Real estate is dead for a generation.
+One Generation (in luie of voting)
Right you are. No bubble in economic history has ever reinflated. Ever.
Oh it'll reinflate alright. Right after my generation (boomers) downsizes into urns. See you in 2040.
Everytime I think we've seen the low home price / low interest rate sweet spot, I just wait 6 months or so and another one comes along. People have been trying to call a bottom on this thing for 4 years now at least...I see ample reason to believe that this isn't it, either. 2013 maybe, but when CSHPI started turning south, 2011 seemed an impossibly long time to have to wait for the correction to end, and yet here we all are....
Given that the US housing market has yet to be nationalized (officially), there's no telling how the market will look as we go forward. Well, other than that unglued part. That's pretty much assured.
I'm surprised that spam hasn't done better. But I'm sure spam will come into her own in the next few years.
Spam still accounts for a decent percentage of Hormel's profitability.
I love Spam, and I'm not even Hawaiian.
Spam=Food of the Gods! Slice it thin and fry it in bacon grease until crisp on the outside. Yummm. In all seriousness spam is a great survival food. Protein and lots of fat and salt, all of witch will be in short supply when the SHTF.
That (home/farm 4 gold) is the plan, but I'm still going to wait a bit (guessing it'll be even more advantageous to do so).
I'm holding out too. Keep getting offers for cheaper and cheaper farmland. When the Greater Depression hits, I'll be trading a few ounces of silver for the farmland and farmhouse plus some livestock. Until then...we just hold.
why in the fuck would anybody ever trade you their farm plus livestock for your stupid few ounces of silver?
Silver isn't that valuable ,nor rare. And if the farm is not sustainable, why would you trade for it anyway.
You silverbugz are frickin idiots
There is more gold above ground than there is silver. Silver is consumed in almost every industrial application where it is used. It is mined as a biproduct of other metals, such that mining silver by itself is not economical (at these prices) for all but a few producers. As the economy gets worse, and demand for base metals drops, silver production also drops.
But you never let the facts get in the way of your irrational hatred, do you?
Also, why would anyone trade you a farm plus livestock for a suitcase full of paper? Just because you are (again) too stupid to see why something would happen doesn't mean that it won't.
Also, you are a fucking hypocrite, as you are on the record as owning silver. Sell your silver. You don't deserve it.
Yes. And increasing amounts of silver are consumed in the healthcare industry. I get pharma propaganda through my office daily, with more and more items that are promoted to be impregnated with silver ion. It is a potent, broad-spectrum bactericidal.
Trav is quite interesting these days.
For one who understands and expounds ad infinitum about the exponential function, he seems to play a devils advocate for his amusement. Yesterday, he was bent on embracing the statement 'that in no way could the collapse of the monetary system' be planned. The intersection of exponential function, fiat money and debt service as performed dozens of times throughout history hasn't been forgotten. The cyclical nature of the scam has been known for thousands of years.
Thank Christ you two kept it short tonight. You're like Archie and Meathead, but in a bad way.
Agreed trav: I own a farm. and livestock and there is no fucking way it is selling for a couple shiny coins WTSHTF. Perhaps your silver might buy you some eggs, maybe even a chicken....... but a few oz buying property is a stupid plan for preparing.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.