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Homes Have Never Been More Affordable (With One Footnote)
We said 1 for a reason, because while indeed homes have never been more affordable... one must pay for them in constant gold. Yes, holding gold over the past century has as of this point effectively defeated any of the accumulated home price inflation over the years, and when expressing home prices in terms of gold, the average home is now more affordable than ever before. We said gold. Not dollars, not yen, not spam, not Nobel economics prizes. So for everyone who wants to exchange some of that shiny metal into the most valuable and capital intensive investment the average American will do in their lifetimes, this is your moment.
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Yeah, but you can't eat gold.
Oh, wait...
http://www.businesspundit.com/10-ways-people-eat-gold/
You can't eat houses either. The red brick structures are a barbarous relic adhered to by virtue of tradition among those who cling to their guns and religion
It goes back to feudalism. The lord that owned the real estate also effectively owned the serfs that took care of that land and the wealth that land produced.
Exactly. And that's why I don't sell the farm for any amount of gold.
Paying with face value is a fantasy.
Only hit the Save button once..WTF?
Buying an inexpensive home is probably a very good decision if your credit is good because:
1) Mortgage/taxes etc often cheaper than rent
2) You can buy for effectively zero down
3) You have a call option and a put option at the purchase price.
Exactly.
Also, whether or not it "might" change, there is a tax exemption for mortgage interest paid. Works out nice for me, anyhow.
Truth hits everybody. I like this site but it can be a downer sometimes. Get up on going public,
Registration Statement on Form S-1 and more.
Gold Rises & EU Collapses:
European Debt Crisis, Risk of EU Collapse
Aug. 18 (Bloomberg) -- Mark Grant, managing director at Southwest Securities, talks about the European debt crisis. He speaks with Matt Miller on Bloomberg Television's "Street Smart."
http://www.bloomberg.com/video/74150204/
Watch out for this final twist of fate! (James 5:3):
Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment.
I needed that. Sometimes I forget. Thanks.
We all are searching for a way to a more just society. You've got to survive to get there. I am COMPLETELY comfortable standing before the LORD and being judged by HIM.
assembler
that works on your sunday go to church day. when you have worked your self into a semi coma of purple bubble thinking.
where is the line between wealth that eats your flesh, and the wealth that keeps you off the street in a 50 foot trailer and a 89 half paid for ford .
my people perish for lack of understanding ,
Those "christians" think they're gonna be "raptured" out of the coming shitstorm, so they're likely not preparing for it.
So when said "rapture" doesn't happen, they'll be the first to starve.
Religious people don't starve: religion has been resilient throughout human history, and it will remain so: it gives strength to the ignorant. They won't starve because starving would basically be "giving up" before their "creator."
No-- as the hedonists slaughter one another and die off, the religious will persevere and spread their beliefs. Religion always, always thrives in "hard times."
When you push the average person hard enough, they have to create something beyond themselves to fall back on.
btw--I claim not to be an atheist. I'm just not religious, and I'm certainly not some god worshipper.
They can't eat beliefs.
But they may try to eat you (or yours), and then self-justify afterwards.
I considering buying a farm in the middle of nowhere (not in the US) for some of my gold.
Is trading gold for farmland a taxable event? I would think not....right?
Not taxable, if you follow the procedures for a "like-kind exchange"
See: IRS Revenue Ruling 1982-96 (Rev. Rul. 82-96) (Google it)
But does land for gold equate to a like-kind exchange? I would think that if I swapped eagles for philharmonics that would fit that description, but I don't believe it for land-gold.
Most deeds write the exchange as ". . .for $1.00 and other valuable consideration. . ." for a reason.
Glancing at it, that Rev. Rul. applies to coin swaps, silver to gold. Unless the rules changed on me, you need some form of like-kind property, real property for real property, not gold for real property. Gold would be boot, and thus taxable.
That's not to say that some tax attorney deep in the bowels of Sullivan or other firms hasn't figured out a loophole. Just that generally, you can't trade inedible metals in tax free exchanges for real property (which incidentally can produce edible things).
The underlying theory seems to be if you use FRNs to make the trade, it's taxable.
I'm not sure about this. But it seems consistent.
armegeddon is not coming! you will perish with your chunks of metal. Darwin wins again.
bigredmachine
in the end you will perish with large chunks of tacos stuck in your teeth . darwin
Think blue water sailboat and Hooter girl. She scrubs boat in bottoms only with a hat.
Another milestone:
DOW/Gold ratio touching 6.0...
Whoops!
Make that 5.99....
either houses are undervalued priced in FRN or gold priced in FRN is overvalued? How about price house in WTIC instead?
You can't eat gold. However you can grow your own food if you buy land with a home on it.
yep cant eat the dirt , cant eat the home, cant eat a dollar bill.
but farm the land grow crops eat.. have the gold .. sell the gold for land , food , home , eat. cant eat your job, cant eat your bank account ,
the by far stupidist remark about gold ever. gold will preserve your buying power for more to eat.
If you think that gold will buy you food when there is a shortage you are using shit for brains.
True. Ask the Germans circa 1945-1947. Happy to trade away gold, silver, artwork, family heirlooms, land, whatever for a K-Ration. Same in many places and points in time.
A balanced plan involves not only wealth preservation (PM's), but wealth production opportunities. Productive farmland offers the later, which is why, like gold, it has been correctly perceived as valuable literally since the dawn of recorded history.
Seriously, that 100/1 Real Estate/Gold ration is a 100 year old bottom of channel. Its time to zig when everyone zags
ya, except wages aren't paid in "constant gold".
Wait, they will be alot more affordable in a year or two.
Living through a currency devaluation and how to cope
In 1976 I was managing an American subsidiary of a successful large US Company in Mexico. It had been a financial turnaround for our team. Cash flow had accumulated in our bank in Mexico and corporate didn’t want the money repatriated to the US. Although we had already paid a 35% income tax to the Mexican government, we would have to pay an additional 30% exit tax to repatriate the money. In addition, we would have to pay high fees for the peso/dollar exchange, in order to make the transfer. The company wanted to expand our successful business and so we decided to keep the money in Mexican pesos to be used for further expansion.
One morning, as my wife and I were on a trip driving on the highway, we heard a national message from the President of Mexico, Luis Echevarria, one of the most corrupt presidents in Mexican history. “It is a lie that we are going to devalue the peso,” he said.
Read more
http://lonerangersilver.wordpress.com/2011/06/20/living-through-a-curren...
hi, again, jo,
YOU ARE A FUKING TROLL AND YOU BLASPHEME THE NAME OF THE LONE RANGER