All Forum Posts by: Account Closed

Awesome! I am looking forward to the BP Conf/ski trip.

I've been enjoying the slowdown in doom and gloom threads. Yes there might be more doom and gloom. Maybe another steep deflation, possibly followed with big inflation. In any case onward and upward!

I agree with the others.

Though, there are a lot more deals now. The only reason I have held off is because I have been doing very well with other vehicles over the last three years. I will be using those returns for capital.

But there are experienced investors here doing very well with Real Estate.

I am happy it's steadying out. $1800.00 appears to be support. I would not be upset if it fell back to the $1500.00s. Three years ago $1500.00 gold was seen as madness. The long term trend is still up.

I'd rather see $2500.00 next fall instead of this fall. But I agree that we could see it this fall. Which would be an unhealthy spike.

I am with you on some of this. It's obvious that I am long gold. I have been for a few years. However, I was sick of hearing about gold on the news daily over the last month. Same with silver in May. I bought them because of the fundamentals, to protect my wealth, and yes to speculate based on history. Given the environment a gold bubble seems a solid bet. However, now that it started some preliminary spiking it's getting annoying to hear about daily in media. It's a reminder of how uncertain things are every day. However, that uncertainty was not my choice. Uncertainly and fear was going to happen whether or not I bought three years ago.

Of course me getting mad at the media for perpetuating fear in America is funny. That's what they do here. It's up to me to focus on more optimistic things, like real estate or tech.

I agree with you on both counts. The way I phrased that was depressing. My perception (which could be flawed) tells me that the middle class is disappearing at the moment, and may be for a while until things balance out - Probably more into tech and alternative energy, agriculture, etc... We're not there yet, and I don't think we will be by the "mania phase" of gold. But I believe we'll get there.

As for interest rates rising and hammering gold, yes I see that happening. But I also can see the gold bubble still spiking as rates begin to rise if the market (and not the fed) is what is raising interest rates.

As for when to sell I can't time it. I am using a few ratios: median home/gold. dow/gold. gold/silver.

I also think it will be laughable to see "We buy gold" signs during the mania phase.. Just as it was laughable in many areas to see a "We buy houses" sign during the real estate bubble. As in: "Umm.. yeah. the cashier at 7-11 also buys houses (gold)"

Believe it or not I consider myself an optimist. I think long term things will work out. These are simply historic patterns. Every great nation has had to deal with similar cycles for centuries. So, I would be mad at myself if I thought "Ah, but America is different from (and transcends) the cycles from centuries of history". That's just not good speculating.

Yes, it's possible that Americans won't be the drive behind the main street mania in gold this cycle. Perhaps silver. However the gold market is different this time. There is a global market for it, in an environment where there is a race to debase currencies. And a lot of gold purchasing by those who want to be the next reserve currency.

I recent cycles yes, during the main street mania phase for gold bubbles, "Americans" lined up around the block at coin shops to buy (not to sell) precious metals. This time Americans may be getting more silver - the poor man's gold. That and maybe gold weighed in grams or smaller units, unfortunately. Actually, maybe not "unfortunately," since we're talking about the "mania" phase, where the masses get fleeced soon after they purchase.

Really? I am not sure why you'd have to eat crow. It sounds to me like you bought in the 700 to 900 range? Also, now that we're getting closer to the mania phase we'll see increased volatility. $100.00 + swings in either direction may be normal soon. However the trend is up. Nothing has changed fundamentally, and the mania time has not yet hit.

We're entering Gold season. From Sept to Dec it's usually up. However, summer is supposed to be dead for metals and that was not the case this year. Who knows what will happen this fall. But yeah I am ignoring the talking heads that are saying the gold bubble is over. That's funny.

Short term: If Ron Paul gets elected president the gold bubble is probably over. The chance of that happening is slim :)

I am glad it dropped. I'd like the climb to remain steady. Ultimately it will spike, and I'd rather go Parabolic from a support range of $3000 - $3600.00 than from the $1400.00 area.

This is not true in California. With a bachelors degree (especially in Business) you qualify by simply taking five additional online courses. They can be completed in about three months.

I've never been a real estate agent, and I will be ready to sit for the state exam by the end of this month.

See, Education In Lieu of Experience

http://www.dre.ca.gov/exm_broker_exper.html