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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (22919)	9/22/2007 7:04:23 PM
From: RJA_	Read Replies (1) \| Respond to of 220527

>>If the US$ really goes a gutser, gold should make it to $2000 an ounce, temporarily. By then, financial carnage should be clearing, I'll own a bunch of houses in Hawaii, California and New Hampshire/Maine. People won't be out of "their" houses because they can rent them for $10 a week if they maintain them well. 2k would be good...<grin!>... provided US$ has some value. And housing has been kind to folks... if you want to get into taxation, maintenance, renters and resale... not always good for resale, like now. Every asset has its season. The point of my post was AG. He really deserves a substantial share of the blame here... and many folks have seen this coming... so it was visible irresponsibility and mismanagement. Re gold as money, I'm sure a stack of KRands will buy the ________ of your choice (vehicle or whatever). More now than before. Its not government sanctioned money, but money it is. [Medium of exchange, tool for barter, solid, real, and not to be turned down if offered]. Will this mirror the late 70's? Could be. Stay tuned. There is much more fiat money about now than was then... and US is IMHO in much worse fiscal shape. Re gold standard and countries... yes, elastic money is needed. But money should also be a store of value... and when that function slips, you get events like now. Mq, I have been through this before, have seen the drill and (so far) looks familiar... Is it certain? No. We all work with our best guess of the future, based on past and present... and if we get a substantial stock market decline, I imagine the Astecs will be effected. Re stocks, there is a valuation cycle, where stock price is directly related to actual dividends paid... IMHO we are at an excessively high level of valuation, much like 1928 - 1929. Obviously most in market don't agree with me... still, there is only so much I am willing to pay for non or minimal cash flow, otherwise paying for dream of future... and dreams change. Be well. RJA

To: Maurice Winn who wrote (22919)	9/23/2007 11:03:39 AM
From: philv	Read Replies (1) \| Respond to of 220527

"f the US$ really goes a gutser, gold should make it to $2000 an ounce, temporarily. By then, financial carnage should be clearing, I'll own a bunch of houses in Hawaii, California and New Hampshire/Maine. " What will you use to pay for all these houses? Wheelbarrows full of which dollars?