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Old 10-12-2011, 09:23 AM
 
2,514 posts, read 1,986,824 times
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Quote:
Originally Posted by KUchief25 View Post
You'd be better off buying a pan and heading to Alaska if you want physical gold.
Well I am personally going to a place closer to home but... Gold should hit $12k per oz if two long term trends hold. http://blogs.reuters.com/rolfe-winkl...ow-vs-gold.jpg The bottom should be less than one oz of gold to buy the Dow. and the fed is printing money to keep the Dow above 12k. There is a bit of upside left in gold.
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Old 10-12-2011, 09:30 AM
 
2,514 posts, read 1,986,824 times
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Quote:
Originally Posted by workingclasshero View Post
UHM

higher prices (cost of living) is inflation

and as far as housing prices are still way higher than they should be

house here sold in 1994 for 125k...valued today at 380k


the NORMAL INFLATION for housing is 5%..meaning after 20 years that 125k house would NORMALLY be worth 310k...yet after 17 years it worth 380k...its INFLATED....has it DEFLATED from the 2006 PEAK..yes...but still way OVERINFLATED during the last 20 years)
What counts the direction before the peak or the direction after the peak? When do you have deflation? When the price bottoms and starts going up? Or when the price peaks and starts going down? It was over inflated. The correction is called deflation. Consumer prices are headed higher houses are headed lower. Put your money where it will help you the most.
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