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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: The Wharf who wrote (22893)	4/10/2005 5:51:18 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81619

Darleen > Paul bid on a house so did several other people bid well above asking price. The result the people who had it on the market took it off. That's an old trick to push the market. I remember in the UK they called it "gazumped". When asked by prospective buyers why the house was taken off the market, the owner said it had gazumped -- gazumped to a higher price. en.wikipedia.org >>The word is thought to have come from the Yiddish word (where else?) gazumph meaning to swindle or overcharge, which became gangster slang in the 1920s. The term Gazundering has been coined for the opposite practice when house prices are falling and the buyer waits until everybody is poised to exchange contracts before lowering the offer on the property, threatening the collapse of a whole chain of house sales waiting for the deal to go through.<< But I also remember, after that period, there was a crash. > For the life of me I cannot understand where all the dollars are coming from or how this can continue Debt, sweetheart, where did you think? This writer feels US inflation, also in house prices, is rising at about 10%+ pa. whatreallyhappened.com >>Buying a home is the largest purchase any consumer makes and the numbers do not lie, new home price inflation has run at about a 10 percent annual rate for the past 5 years. In 2000 a barrel of crude oil cost $30 dollars, in recent months the price has hovered around $50. That is about a 65% increase or roughly a 12% annual rise over the 2000 level. The average price of a gallon of gas was $1.46 in April 2000 and $2.30 in April 2005. Not surprisingly, those numbers too reflect a little more than a 12% annual rate of increase. If we turn to basic commodities what do we find? The price for an ounce of gold in 2002 was about $300, we would have to pay $420 today. Once again, annualized, instead of a mere 3%, we find a 10% rate of increase. Silver was about $5 an oz. in April 2000 and about $7 in April 2005, about an 8% per year rise. The prices of industrial metals have risen just as sharply, in fact copper was up similarly and steel prices rose sharply from 2003 to 2005.<<