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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (40704)	9/5/2005 10:20:45 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

Is KB homes Kaufman and Broad? those are really crappy.

To: shades who wrote (40704)	9/5/2005 11:04:40 PM
From: Moominoid	Read Replies (1) \| Respond to of 306849

I don't think any of these guys are thinking things will get as bad as NO-waterworld in general. Just that there will be a lot of hyperinflation and bankrupt firms and governments and gold will keep its value better than any other asset. In waterworld there probably would be some currency but the equilibrium could settle on anything, not neccessarily gold. If gold is worth the same as now, a gold coin is not very handy for buying the available food, though it is lasting and hard to reproduce, which are good characteristics for a currency. In the ancient world taxes were collected in grain not gold... though gold and silver were handy for large transactions. Gold isn't real wealth... maybe agricultural land would be valuable (unless it is in a delta hit by hurricane and disappears) but is a bit awkward to move around :) and in the end anything can be expropriated.

To: shades who wrote (40704)	9/6/2005 1:42:11 AM
From: patron_anejo_por_favor	Respond to of 306849

Gold isn't everything, it's part of the package. What YOU want is the survival kit on the B-52 in Dr. Strangelove, you know "$500 in Russian rubles, $500 in Euros, 10 ozs of gold, 1 dozen condoms, 1 pair of nylon stockings, 10 hershey bars, a .357 magnum with 10 clips of ammo, a half dozen morphine syringes, 3 cartons of Marlboros, etc, etc". I'm all for the firearms dude, just try to break into mi casa and you'll find out...what happened in NO wasn't a financial calamity, it was a natural disaster, ie, a physical calamity. Sometimes the 2 go together, most times they do not. Things got pretty bad financially in the 30's and the 70's, and guess how gold did in those decades?