Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (132766)	4/5/2013 4:44:53 PM
From: tejek	Read Replies (1) \| Respond to of 149317

You used to be a sensible policy wonk. I liked that MM better... much more conservative and less nut case. I have a sense that MM hid who he was.........because Bush was so bad.

To: Road Walker who wrote (132766)	4/5/2013 5:10:40 PM
From: tejek	Respond to of 149317

What's interesting about this article is not that home prices are increasing here and leading to bidding wars but that banks continue to require 20%+ down payment. It's estimated that about one out of every four home sales in the King County region is an all-cash sale at the moment. Those that are financing are still averaging 20 percent or higher down payments. As most first-time home buyers are putting down smaller amounts, especially those with 3.5 percent FHA down payments, they're often overlooked in the competitive bidding process. First time buyers shouldn't despair, though, as there are still many ways to have their offers accepted, but the process requires more strategy these days. Having your offer to purchase a home delivered with a convincing message is often necessary. Whether that means letting a seller know that this is your one-and-only dream home, or that you're committed to closing on the property far more than an investor who may just want to rent it out, it's important for the buyer and their Realtor to present themselves as the most likely candidate to get the seller to a quick and guaranteed closing. More listing inventory will likely make its way to the market at some point, but there aren't many signs of new listing picking up yet. For now, competition is fierce. link

To: Road Walker who wrote (132766)	4/5/2013 5:11:18 PM
From: Wharf Rat	Respond to of 149317

"You could easily put all your money in gold, in a minute. Yet you don't, you are instinctively invested in things that trade in US dollars. Why?" Cuz a million dollars in gold will make you drown, but a million dollars in soggy paper will be redeemed by the UST. Yusuf Ismail (1857-4 July 1898), also widely known as Youssouf Ishmaelo, was a Turkish professional wrestler who competed in Europe and the United States as Yusuf Ismail the Terrible Turk during the 1890s. During his lifetime, his native Turks knew him as Sumnulu Yusuf Pehlivan. However, writer Riza Tevfik posthumously awarded him the honorific Koca (great) and he was later remembered as Koca Yusuf.... Death Shortly after his victory over Lewis, Ismail took the first ship back to Europe where he reportedly planned to open a coffee or bazaar in his native village of Scutari. It was on the ill-fated SS La Bourgogne that he was one of the 600 passengers who drowned when the ship sank on the morning of July 4, 1898. According to colorful accounts from the New York press, Ismail fell overboard while passengers were being evacuated to the lifeboats. Dragged underwater by the weight of his money belt, supposedly containing between $8,000-10,000 in gold coins, he drowned before the crew could get to him. [7] [8] [9] Other journalists and surviving passengers claim to have seen "the Terrible Turk" throw women and children overboard trying to reach the lifeboats, however no mention of this was included in the official report and is generally assumed to have originated by Ismail's manager and promoter William Brady who later went on to become a successful Broadway producer. [2] [10] en.wikipedia.org That doesn't mean that all those legends about the Lost Wharf Rat Mine are just legends, tho. Also, if you buy this lump of gold from your local coin dealer for $2K in paper, the UST will give you exactly what it says they will... 50 bucks in paper.

To: Road Walker who wrote (132766)	4/6/2013 5:26:38 PM
From: RetiredNow	1 Recommendation Read Replies (1) \| Respond to of 149317

Actually, I put my money in things that can generate more capital. I do have gold, but I think of it like cash. Right now, gold is more secure than cash, because cash is being devalued. I also have paid off my house, because that is more secure than cash or gold, which are more likely to be confiscated before they come after my house. RW, I won't make this post a long one, even though your post had several important propositions in it that deserve a longer reply. However, I will keep it simple and say that you have way too much faith in the US currency within the context of what is going on in the halls of power in the US today. Every USD is backed by debt...debt that will never be repaid. The full faith and credit of the US is not what it used to be, precisely because we are unable to get our fiscal house in order.