If You Are Smart You Will Sell Gold and Buy Real Estate (wage, legal)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
No, because intrinsic value is based on perception of value, and currently that perception is fear.
Are you saying that fear is the current driver of value?
If so, then how are the current political machinations of Bernanke, Geithner and Obama a better basis of fiscal rationality than the constancy of a centuries old precious metal?
Are you saying that fear is the current driver of value?
yes.
Quote:
If so, then how are the current political machinations of Bernanke, Geithner and Obama a better basis of fiscal rationality than the constancy of a centuries old precious metal?
wow, hyperbole overload. let me decipher that..
"Given the policy decisions of our leaders, how is the dollar a better store of value than gold?"
That's the best translation of your words into a meaningful question, that I can produce.
And the answer to that is that gold cannot be used to invest in productive enterprises, while dollars can.
Owning a home is going to become largely stratified and hereditary. New homeowners will largely be those who inherit, and kids born today will mostly not be homeowners unless their parents were.
Owning a home is going to become largely stratified and hereditary. New homeowners will largely be those who inherit, and kids born today will mostly not be homeowners unless their parents were.
This isn't true. You can buy a decent 2br condo today (post-crash prices) near Orlando, FL for $65,000. That comes out to under $400/mo. If you rent out one bedroom, you are able to buy a place for less than it costs to rent. The market tends to regulate itself. While the housing crash was devastating, it did open the door for many people to afford to buy their first home.
–noun Rhetoric .
1.
obvious and intentional exaggeration.
2.
an extravagant statement or figure of speech not intended to be taken literally, as “to wait an eternity.”
Unless the three men I mentioned are not, in fact, in charge of our money, I don't believe I used hyperbole (as it is defined).
"Squandering" is not a productive enterprise.
"Dollars" are a medium of exchange, not a store of value.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
