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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.75+0.5%Dec 1 4:00 PM EST
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To: TobagoJack who wrote (48969)4/22/2009 1:11:44 PM
From: Maurice Winn2 Recommendations  Read Replies (2) of 218131
 
TJ, houses are much better than gold. Check out house prices from 1992 to 2006. Compare with gold over the same time. That proves which is the better: <Check out the average yearly return on gold savings for the past 8 years in all major currencies, proving that is not only the best money, but sure savings: >

Ooops, no wait. My theory "Houses are the best money and sure savings" seems to go awry about 2008. Do you think it's possible that past bubble prices do not guarantee the same thing in future?

Perhaps we should adopt causal thinking rather than correlative thinking.

Financial relativity theory is all you need to know.

If you substitute the word "gold" for "houses" you will get a better idea of what is going to happen. Gold is just stuff that people dig out of the jungle, same as wood for houses is just stuff people get out of the jungle. People dig ore and turn it into gold and sell it, they catch trees and turn it into houses and sell it.

When people expect unearned wealth from speculative investment in bubble prices, there is an inevitable denouement. The US$ was such a bubble. Houses were such a bubble. Gold is looking toppy too having increased against houses, hourly wages, oil, and has even held its own against QCOM over the last few years.

Mqurice
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