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<p>[QUOTE="Brett_in_Sacto, post: 2205544, member: 71510"]There's a difference between recovery and gaining prosperity. We have recovered - a lot. But most outside of Wall St. have not completely recovered - and many are still way under water. Especially those that shorted their homes out, and trusted that they should just leave static investments in their 401k.</p><p><br /></p><p>You are in a particularly favorable real estate market - but I have seen that insanity my whole life (parents bought a house in Saratoga, CA for $46k in 1971 - Trulia's estimate on the house is $1.9million today). These days a million bucks in the bay area buys a small 3/2/2 tract home in a good neighborhood. The rest of the country isn't seeing that.</p><p><br /></p><p>Better than it was? Sure, but it was about as bad as it could get. Unemployment was at 15% and nobody had any savings to speak of. The government drained their coffers with extended unemployment benefits, bailouts.</p><p><br /></p><p>I admittedly survived it pretty well myself, but I'm still way behind theoretical projections of what a stable economy would have presented.</p><p><br /></p><p>If you look at a long term historic chart of the DJIA - you will see that it's due for a correction/pullback/whatever you want to call it. 2002, 2008, 201?</p><p><br /></p><p>More importantly, look at the volume trend. </p><p><br /></p><p><a href="http://stockcharts.com/freecharts/historical/marketindexes.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://stockcharts.com/freecharts/historical/marketindexes.html" rel="nofollow">http://stockcharts.com/freecharts/historical/marketindexes.html</a></p><p><br /></p><p>We built a lot of this "recovery" on credit and thin money. That note is going to come due, and it's probably going to happen in an election year.</p><p><br /></p><p>In all honesty, I think stacking bullion should be one of the last investments you make in a diversified portfolio. It ranks above coins, collector cars and art, but certainly in a capitalistic economy, betting on expansion is always the first (401k), real estate (your primary home) second and then diversify from there.</p><p><br /></p><p>But this is about bullion in here - and I honestly believe it's a buyer's market at current prices. It may go down more - but that's just an opportunity to double up.</p><p><br /></p><p>If it does go down, it will stay down for a while. I don't expect anything for at least a few years. It's just time to accumulate slowly and relax knowing that I have assets in a safety net if needed.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2205544, member: 71510"]There's a difference between recovery and gaining prosperity. We have recovered - a lot. But most outside of Wall St. have not completely recovered - and many are still way under water. Especially those that shorted their homes out, and trusted that they should just leave static investments in their 401k. You are in a particularly favorable real estate market - but I have seen that insanity my whole life (parents bought a house in Saratoga, CA for $46k in 1971 - Trulia's estimate on the house is $1.9million today). These days a million bucks in the bay area buys a small 3/2/2 tract home in a good neighborhood. The rest of the country isn't seeing that. Better than it was? Sure, but it was about as bad as it could get. Unemployment was at 15% and nobody had any savings to speak of. The government drained their coffers with extended unemployment benefits, bailouts. I admittedly survived it pretty well myself, but I'm still way behind theoretical projections of what a stable economy would have presented. If you look at a long term historic chart of the DJIA - you will see that it's due for a correction/pullback/whatever you want to call it. 2002, 2008, 201? More importantly, look at the volume trend. [url]http://stockcharts.com/freecharts/historical/marketindexes.html[/url] We built a lot of this "recovery" on credit and thin money. That note is going to come due, and it's probably going to happen in an election year. In all honesty, I think stacking bullion should be one of the last investments you make in a diversified portfolio. It ranks above coins, collector cars and art, but certainly in a capitalistic economy, betting on expansion is always the first (401k), real estate (your primary home) second and then diversify from there. But this is about bullion in here - and I honestly believe it's a buyer's market at current prices. It may go down more - but that's just an opportunity to double up. If it does go down, it will stay down for a while. I don't expect anything for at least a few years. It's just time to accumulate slowly and relax knowing that I have assets in a safety net if needed.[/QUOTE]
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