Finally someone from the BoE gives Darling some reasonable advice on the property precipice.
http://www.dailymail.co.uk/news/article-11...ns-Darling.html
Don't try and stop the housing crash, Bank of England official warns Darling
I am "G0ldfinger" on here, "gold-finger" on GIM, and I was "Goldfinger" on HPC (a long, long time ago), and that's it.
I wish I had lots of Euros, because then I could buy lots of Pd, Ag and Au!
The following is extremely dangerous bu11$h1t. How affordable are these houses at 15% interest?
http://www.ftadviser.com/FTAdviser/Mortgag...ifax-200-DW.jsp
In a hyperinflationary catastrophe boom anything real/tangible could become an object of speculation, e.g. heavy farming machinery or portaloos. ANYTHING will be better than cash, but the precious metals will rule.
Yepp. Darn it. And this now that I just found some cash in the matress.
Could work, or could not. If Iran or Pakistan finally blow up, all bets are off.
I spent all this month's spare cash already (not just on PMs, but I even got some gold too). But this offer IS good: below spot and for no good reason turdling seems sturdy as well.
Have... to... resist...
I think we can apply this to possibly the whole of the UK.
Las Vegas braces for commercial foreclosures
http://www.lasvegassun.com/news/2009/apr/1...l-foreclosures/
What he means is that a price range of $500-$1,000 is a superb buying opportunity given that the more conservative calculations for equilibrium prices range at $5,000-$6,000. As usual, the market will overshoot.