Silver getting crushed today

This where the obligatory "All investments have risk." statement should have come to fruition. All those investors and institutions that caused the problems should have had to eat their dinner instead getting bailed out.

 

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Indeed. This would have the effect of making the Federal balance sheet look better in the short term (because less current income is sheltered from taxation), but much worse in the long term (because there will be less future taxable distribution, not to mention more retirees with little or no savings).

Sacrificing the future to enrich the present? Foolish and/or evil, but not limited to politicians, never mind politicians of any particular stripe.

 

errrr Provident has the 2016 panda on sale just what 2 weeks after I bought one for my set! I ended up with 22.95 free ship . I almost am thinking of buying 5 of them seem to hold there value pretty good. But then again if silver goes down to the $14 range I will be disappointed. What to do, What to do?

 

I agree, and they should have had to eat said dinner from a plastic tray with a "spork" without sharp points, while wearing orange jump suits. The Fed is blameless about that not happening, despite what you may have read.

 

The Fed was the chief proponents of the financial sector bailout unless my memory fails me.

 

Yup, in response to emergency legislation mandating it. Until then, the Fed didn't have the necessary tools.

 

The institutions that didn't fail would have been able pick up the slack once things got going again. So says my 20/20 hindsight vision.

 

Actually I consider "my" house an investment.
Though it does require maintenance expenditures. My monthly mortgage (including city property taxes) is HALF of what it would cost to Rent it .. as I used to rent it then I bought it.

My house's property value has gone up $45k (comparison to other in the same neighborhood) since I bought it, and I'm 60% equity into it just 4 years after buying it. I should have it paid off in about more 7 years in my 30 yr mortgage. Ironically, the payment is fixed no matter the actual cost of a dollar at a low prime rate.

Many people are not adept enough at paying down debt, nor at reviewing contracts and comparison shopping, or keeping their credit worthiness high enough to get the good deals.

And Savings accounts are the same way, I have fee free savings accounts that range from 0.01% up to 1.25%. Those rates though pale in comparison from 25 years ago. And I do not consider Savings accts as an investments, just places to hold money until it pays debt or moves into an investment.

But Silver seems to like $17ish/oz today.

 

Today and lots of other recent days, too. A "center of gravity" seems to have been established.

 

Odd, virtually the entire finance world, outside of the Austrian "Fool" - "we love and promote as much misery as we can possibly get, and let's make Charles Dickens' writings real today" faction, disagree completely.

 

That is odd. I would call it capitalism. Unless you think the Austrian Fool and capitalism are one and the same.

 

No, Austrian Fool is utter and complete idiocy.

 

Commence with the crushing.

 

I consider my house an investment also even though the price is falling on it yearly. Between age of home and every other house for sale or foreclosing in our area its a hard sell. Plus we have no business or jobs in the surrounding area so prices are going down. But Taxes still go up.
Everyone have a Happy Thanksgiving .
JON

 

Sorry to hear about the housing situation where you are. I live on the west coast where housing is in high demand in many places. Prices are going up everywhere though not at the same rates. It's like the housing crash didn't happen here. It's to bad for young people who would like to buy a home. Good luck saving for a 20% down payment.

 

I consider the west coast a foreign planet.

 

Same here in the northeast. It's a seller's market, for sure.

 

Seller's market in the Denver area.

 

I've lived here all my life and the biggest difference is the Intersate 5 corridor. On the coast side it's very liberal. On the inland side it very conservative in many areas. There are dreamers here who champion the State of Jefferson, the 51 state. It's generally northern CA and southern OR. It will be a utopia of no government, no taxes, pristine infrastructure and exactly the right amount of services. Of course nobody can agree on boundaries or what the right amount of anything is.

 

Yea that is where we got lucky we had the family farm land for collateral And even then they only wanted like 2 acres to put on new home for mortgage. So no money down. Or at least that we saw in the paperwork.
I have an older friend in OR by the columbia river Banana belt . He talks about the liberals and conservatives and fluffer nutters. He owns a small ranch is retired and just does his own thing.