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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (83758)	7/17/2007 10:49:12 PM
From: bart13	Read Replies (2) \| Respond to of 110194

fair enough, all I can say is that according to chromatic - hoover tried to inflate massively - but he could not control where the money went - so he gave up on that exercise in futility - applied to today - I do not think you can control where the money goes - or as Russ says - where the debt explodes from - do you own a house BART? Are you helocing it and buying gold? $mogul will not answer this question, russ says he does not have a house - what is your answer? If you TRULY BELIEVE gold is going way up and housing prices about to collapse - doesn't it make sense to heloc your declining asset and put the money into the rising asset - as $mogul says - this is the quick way to great riches - OPM. I do agree that Hoover tried to inflate, but even with that $1.1 billion per chromatic it was like pissing into the wind given the drops in bank credit & M3. etc. The Fed has learned a great deal since then, and fundamentals always win in the end - a fancy way of saying it'll blow up sometime and I don't know when. I don't own a house and wouldn't HELOC it for gold if I did. I consider assets like it part of a "core state" and am conservative. I also don't think we'll see over about a 25% correction or so in housing, but would have shorted it in Aug 2005 or so when I called the peak... if there would have been a liquid enough futures housing contract. I do believe in my $3k+ gold target but like anything, timing is an issue. I'm also primarily a futures trader so significant leverage is very familiar to me, and it's not terribly unusual for me to run 4x+ leverage against my entire net worth. In other words, I do put my money where my mouth is when the trade looks good... in gold as well about a half dozen other markets, including hedging my exposure to the dollar using futures contracts.