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Title: Ounces of Silver to Buy a Median-Priced Home Post by: Stephen Gornick on February 03, 2011, 09:44:17 PM http://ih.constantcontact.com/fs036/1103529695337/img/27.jpg
Certain asset classes can vary so widely over time. Article: Take a look at how many ounces of silver have been needed to buy a median-priced home in the US (http://beforeitsnews.com/story/391/978/Take_a_look_at_how_many_ounces_of_silver_have_been_needed_to_buy_a_median-priced_home_in_the_US:.html) Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: Sjalq on February 13, 2011, 07:55:26 PM Silver is awesome, doubled in value in the last 15 or so months. :D
Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: Binford 6100 on February 13, 2011, 08:03:11 PM Silver is awesome, doubled in value in the last 15 or so months. :D so did bitcoin. i wanted to offer tradeing silver for bitcoin when i came here 4 weeks ago 1 ounce would be 100 btc now it would be 30 or so. i will not get rid of silver for that low bitcoint amounts Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: S3052 on February 13, 2011, 08:19:02 PM Even if it may disappoint some of you, the forecast for silver is to go DOWN significantly over the next few years.
First to 20 $ in the next 2-3 months Then to beow 10 $ in the next 2-4 years. Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: Anonymous on February 14, 2011, 01:54:30 AM Even if it may disappoint some of you, the forecast for silver is to go DOWN significantly over the next few years. Reasoning?First to 20 $ in the next 2-3 months Then to beow 10 $ in the next 2-4 years. Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: nanaimogold on February 14, 2011, 02:37:21 AM Even if it may disappoint some of you, the forecast for silver is to go DOWN significantly over the next few years. First to 20 $ in the next 2-3 months Then to beow 10 $ in the next 2-4 years. Sounds like "plunge protection team" lies. In the near future, nothing is going to go down against the USD, even dogshit is going up against the USD. Silver is currently even more undervalued than gold. Silver might go down against RE, but I doubt it. Might go down against gold, but I doubt that too. I'll bet you all the silver I own that reality will unfold exactly opposite to this forecast. Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: bitcool on February 14, 2011, 02:54:14 AM I am with nanaimogold on this one. If silver soars JPM might go boom too. Max Kaiser's "buy silver, bankrupt JP Morgan" hasn't shown any sign of materializing, but he sure brought a lot of attention to bitcoin. Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: Bimmerhead on February 14, 2011, 02:57:41 AM I agree with S3052. Silver could fall hard, lower than it did in late 2008, for the same reason as late 2008: people will be selling everything to get their hands on USD, to pay their USD-denominated debts.
On the other hand I've been waiting for it to happen for quite awhile now. This credit implosion is taking it's sweet time to arrive. Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: bitcool on February 14, 2011, 03:17:51 AM people will be selling everything to get their hands on USD, to pay their USD-denominated debts. who are those "people" anyway? in 2008, it were banks, hedge funds etc who held MBS, CDOs needing to get money.Now with a suspension of FAS 157(mark-to-market) rule, a Fed determined to bailout anyone that poses systematic risk and with PPT hard at work, the chance of 2008 relapse is slim. Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: bitcool on February 14, 2011, 03:51:55 AM At the very least Max got me interested in bitcoin. You can blame him for that. 8) you meant "thank him for that"? ;) Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: Stephen Gornick on February 28, 2011, 04:51:09 AM Here's an update, this time US housing priced in gold ounces:
http://www.marketoracle.co.uk/images/2010/Mar/us-housing-26.gif (http://www.marketoracle.co.uk/Article18219.html) Quote The chart measures the average US home price, divided by the annual average ounce price of gold. Quote The bottom in house prices could take a while to reach yet. Article: http://www.marketoracle.co.uk/Article18219.html (http://www.marketoracle.co.uk/Article18219.html) Title: Re: Ounces of Silver to Buy a Median-Priced Home Post by: MoonShadow on February 28, 2011, 05:33:59 AM I agree with S3052. Silver could fall hard, lower than it did in late 2008, for the same reason as late 2008: people will be selling everything to get their hands on USD, to pay their USD-denominated debts. On the other hand I've been waiting for it to happen for quite awhile now. This credit implosion is taking it's sweet time to arrive. Actually, it's been happening all around us gradually over the past two years. The budget crises in the many states are a side-effect of this. Hell, the very recession itself is a side effect. This is one reason why the value of the USD has been fairly stable despite the near doubling of the M1 monetary base, because as the M2 is collapsing (Monetary base plus credit outstanding) due to defaults and the attitude of austerity the FedReserve has been printing new money at almost the precise pace that credit has been destroyed. This, of course, cannot continue; as the balancing effects are relatively short term. As soon as we hit bottom in the recession (which I still doubt we are very near) the velocity of money will increase towards the mean and the long term effects of all that debasement is going to be felt in earnest by the public, and the value of the USD then has only one direction that it can go. I have no idea when to expect this, and I doubt that anyone else does either. |
