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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (57273)	4/2/2006 12:28:57 PM
From: shades	Read Replies (1) of 110194

We all traded energy and real estate, most likely for the same reasons we bought gold, No, the reasons are very different - as the canadians in grace's link argued - you can't eat gold - it is a non consumable. One possible scenario - all the orange groves in fla cant compete with those cheap overseas oranges right now - with oil being so cheap and part of the overseas equation you know. This allows for very cheap orange grove purchases if you stay away from the coastal housing madness areas. Now if/when energy is no longer subsidized in the USA - those transportation costs go way up no? To maybe the 9 dollars a gallon you pay right? The greek shipping guys near me tell me things are not looking pretty for the future in global transportation and some are going out of business cause they cant make profit anymore. Overseas oranges may no longer be as cheap as local oranges then. The orange grove landlords may all of a sudden find themselves in ownership of a valuable asset - one that is consumed daily and desperately wanted and needed by the likes of publix and walmart who will no longer be able to afford the "china" price because it will be far more than the local one - if schumer has his way and oil keeps going up - but like that canadian guru said - you can eat wheat - you can't eat gold - big difference. I heard you sold your california house - where did you invest the winnings? Mr. RJR guy in the 80's bought florida real estate and lots of planes - he said he would not be "homeless" or "planeless" hehe - what a silly guy! Maybe its a cultural thing for me good General - all my ancestors in scotland ate food from out of the ground - when they came to dunedin fla and saw you didn't have to dig dirt to eat - but could just pull a fruit off a tree - it amazed them so much and I am still taken with its simplicity - hehe. They stopped being dirty and covered with mud and stood up like proud men to reach for their oranges -hehe.

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