Hey guys,
That would be nice, BUT buy the dips and dollar cost average – in my humble opinion – A LOT of volatility to come! The “paper tigers” might still have some things up their sleeves. Also, another idea I had was – if we are looking at these type of gains I would already be looking ahead to these type of Q’s.
1. When do I start booking profits (stepping out of the bull market) in a step by step way?
2. If and when do I secure these profits BEFORE-the government looks to bite into our
projected profit – i.e. ‘windfall tax” or some other non-sense, in addition to capital gains taxes?
3. WHAT DO I DO with them after gains are realized? i.e. What other investment (hard asset vehicle) is out their to safely convert to?
Hey, its never too early to look down the road? This is all just “food for thought” and conjecture at this point – BUT………
All the best,
Marc
I would not buy US residential real estate with your money. Maybe after another 50% drop in prices, I would take a look at it. Now Farmland is a different story, and I do not know anything about Canadian RE.
On January 26, 2012 at 10:35 am,
castanheiro says:
Timing is everything. At some point, at or near the top of this bull run, I will convert into real estate, but knowing when to get out is key, and seems to me to be a long way off. Mike Maloney is good. I enjoy his talks.
On January 25, 2012 at 8:31 pm,
scott hamilton says:
I like certain land and housing investments in latin america , and some lesser known countrys in Europe. I have yet to move on them . when my gold gets way up i will sell , and them redeploy to some types of land investments. Land in USA is largely overpriced. Florida houses are very cheap, but —- storms and hurricains make FL too dicey for me. god bless S
Plus do not forget….. , Florida has those “big snakes” that are invading the glades,
and I am not talking about the “politicans” which are here campaigning .
As a Florida resident, i do not see prices as cheap. News yesterday was that over 50% (yes 1/2) of homeowners are underwater in their homes. Look at the cap rates, even rents are falling.
On January 26, 2012 at 11:04 am,
Jerry O^OTB says:
“Pineapple capital of the world”,,,,is that true…
On January 25, 2012 at 8:40 pm,
MattB says:
I am repeating those targets based upon time and price /charts given by Eric De Groot and can be found with some research on his site. http://edegrootinsights.blogspot.com/
GLTA
looking much further out, i love silver and think unless it’s price reaches mad numbers 600/1200 at least, silver will once the globe finds some form of normality consumption will go through the roof again, i can see that’s when people will see how little silver there really is, any thoughts !
phil, my thoughts exactly. It is hard to believe but some say the gold/silver ratio might even reach 1:1. I will be happy when we return to normal somewhere under 20:1
Phil,
I think the “kicking and bucking” is fast approaching the end. I believe the macro- factors that we have been discussing over a lengthy period FINALLY take hold. The silver horse will soon leave the gate and the “investment competition” in the dust. As fellow bloggers might have already assumed, I am a MAJOR silver bull and I have invested accordingly. Anyway you slice or dice it, there are a mass amount of bullish factors affecting the relatively small silver market. I believe, in my humble opinion, ( here we go – I am not an investment adviser), but its “KATY BAR THE DOOR” for silver to assert itself!
All the best,
Marc
PS – What the H___ am I doing up at this time in the morning!? Have NO CLUE…..couldn’t sleep.
BTW, Phil -
With all that said in the above post, silver can be and probably will continue to be, at times, BRUTALLY and VICIOUSLY volatile….proceed with caution- and for goodness sakes DON”T invest funds you need to live on…again NOT investment advice…just a guy trying to make his way in a very attractive silver market-with major obstacles down the road!
All the best
Marc
marc, I think you are in the right place. My friends laughed at me 2.5 years ago when i sold my house in Cali and bought silver with the tax free profits. just got a note from zillow that the property is now worth over 200k less than i sold it for, and the silver….well, you do the math.
I Agree.On all points Marc.I think it will Fly from 34 maybe vertical again.Because gold 500 and what ever in 80 leaves one hell of a gap for par if that was the last High for 50 it is a big mave to be in a ratio of anywhere near that.That is stating facts not investment advice on my part either.We will see.I do know that unless my low swinging chariot shows up for an assension of Faith.But either way it will be seen.
Carry On
Steve
On January 26, 2012 at 10:41 am,
Jerry O^OTB says:
Marc….the answer to your question,” WHAT THE H….AM I DOING THIS TIME OF THE MORNING..”
You are now an offical …. “AL”-CO HOLIC… THAT IS A “BIG AL”.CO HOLIC.
A little commented on fact was that back on Jan 12, Italy stopped accepting old Lire notes (which had been exchangeable into euros. Rumors are that Italy has started printing New Lire notes, because it’s debt is too big to save. Major problems start for Italy in April.
Bernanke’s attempt to kick the can into 2014 will not work because the bond vigilantes will not allow bond interest rates to stay low, and 100% buying of federal notes by the federal reserve will trigger mass international dumping of the dollar……..the start of hyperinflation is close and the rate of increase will be incredibly fast.
Can? GOLD go to $4.000 by 2014? I don’t so. Between now and then $2.400 tops and then back down to $1.800 with a $200 range up and down.Siiver may hit $80.00 year end. Gold will go to $2.200 by Sept,.Hey but who knows.
Jerry O -out of the box
I follow Sinclair very closely too – good call. BTW, I am flying to check out Detroit RE today….then I am flying back after wasting my time and money flying there………wow, real estate problems everywhere in US..Who would have “thunk” it just 8 to 10 years ago!
All the best,
Marc
BTW, I miss you and Irish bantering back and forth – its fun.
marc, check out some of the bank owned stuff, i was informed that in Detroit, they were giving properties away FREE, to the right person. BTW I am still a California RE Broker, let me know when you want to buy there.
On January 26, 2012 at 1:08 pm,
roger wiegand says:
As an old real estate developer I would suggest buying nothing but income producing farm land or a hidey hole small cheap farm for all cash. RE is destroyed for a decade. You can rent two nice places … one north and one south for the winter to escape the cold for the price of one decent house. Real estate taxes and utility costs are an open-ended, sky’s the limit pricing deal. Don’t go there.
In the future do not count on any income producing property for serveral years. Its all based on credit and credit is busted. WE CALLED THE TOP IN JUNE 2005 WHEN LUMBER FUTURES TANKED -Traderrog
phil says:
we all know the old cart can roll down the hill pretty quick! but get enough people behind it, yep she go’s up pretty quick too
MattB says:
2015 ,here we come.
$150 silver.
$4500 gold.
Jed Davis says:
It may be a lot sooner than that.
Marc says:
Hey guys,
That would be nice, BUT buy the dips and dollar cost average – in my humble opinion – A LOT of volatility to come! The “paper tigers” might still have some things up their sleeves. Also, another idea I had was – if we are looking at these type of gains I would already be looking ahead to these type of Q’s.
1. When do I start booking profits (stepping out of the bull market) in a step by step way?
2. If and when do I secure these profits BEFORE-the government looks to bite into our
projected profit – i.e. ‘windfall tax” or some other non-sense, in addition to capital gains taxes?
3. WHAT DO I DO with them after gains are realized? i.e. What other investment (hard asset vehicle) is out their to safely convert to?
Hey, its never too early to look down the road? This is all just “food for thought” and conjecture at this point – BUT………
All the best,
Marc
castanheiro says:
I hope so.
Jerry O^OTB says:
even at $4500 may be to cheap….in 2015….you might be looking at
$12000…..three years out is a long time….
CHECK OUT SINCLAIRS COMMENTS ON KWN….TODAY..
Bobby says:
I like those numbers, Jerry!
Jerry O^OTB says:
Bobby,,,check out MOOLMAN ARTICAL ON KITCO…JAN 26 ….SILVER AT 140 BY YEAR END.
ConservativeCanuck says:
convert to real estate as per Mike Maloney, hopefully in a safe jurisdiction ie. Canada.
Jerry O^OTB says:
Are you going to make 100% on your money in real estate, with out hassel., and taxes
Marc says:
Its my humble opinion guys that thats the safest play -real estate!
Marc
Jerry O^OTB says:
I like Detroit real estate, there is a lot of upside there….(joke)
Marc says:
Out of the box,
unfortunately – for Detroit – but that’s funny.
Marc
Bobby says:
I would not buy US residential real estate with your money. Maybe after another 50% drop in prices, I would take a look at it. Now Farmland is a different story, and I do not know anything about Canadian RE.
Jerry O^OTB says:
Bobby, I agree with you….on the real estate…the “cycle” is not correct for that investment…and you are correct o”n the farmland.
castanheiro says:
Timing is everything. At some point, at or near the top of this bull run, I will convert into real estate, but knowing when to get out is key, and seems to me to be a long way off. Mike Maloney is good. I enjoy his talks.
scott hamilton says:
I like certain land and housing investments in latin america , and some lesser known countrys in Europe. I have yet to move on them . when my gold gets way up i will sell , and them redeploy to some types of land investments. Land in USA is largely overpriced. Florida houses are very cheap, but —- storms and hurricains make FL too dicey for me. god bless S
Marc says:
I am very glad my fellow, intelligent bloggers are thinking ahead…..hey, good for us!
Jerry O^OTB says:
Plus do not forget….. , Florida has those “big snakes” that are invading the glades,
and I am not talking about the “politicans” which are here campaigning .
Bobby says:
As a Florida resident, i do not see prices as cheap. News yesterday was that over 50% (yes 1/2) of homeowners are underwater in their homes. Look at the cap rates, even rents are falling.
Jerry O^OTB says:
Bobby,,,,where are you living in florida?
Bobby says:
jensen beach
Jerry O^OTB says:
“Pineapple capital of the world”,,,,is that true…
MattB says:
I am repeating those targets based upon time and price /charts given by Eric De Groot and can be found with some research on his site.
http://edegrootinsights.blogspot.com/
GLTA
phil says:
looking much further out, i love silver and think unless it’s price reaches mad numbers 600/1200 at least, silver will once the globe finds some form of normality consumption will go through the roof again, i can see that’s when people will see how little silver there really is, any thoughts !
Bobby says:
phil, my thoughts exactly. It is hard to believe but some say the gold/silver ratio might even reach 1:1. I will be happy when we return to normal somewhere under 20:1
phil says:
ya see, I don’t see as the bull in silver has even left the gate lot’s of kicking and bucking, but no where near running ! any more thoughts
Marc says:
Phil,
I think the “kicking and bucking” is fast approaching the end. I believe the macro- factors that we have been discussing over a lengthy period FINALLY take hold. The silver horse will soon leave the gate and the “investment competition” in the dust. As fellow bloggers might have already assumed, I am a MAJOR silver bull and I have invested accordingly. Anyway you slice or dice it, there are a mass amount of bullish factors affecting the relatively small silver market. I believe, in my humble opinion, ( here we go – I am not an investment adviser), but its “KATY BAR THE DOOR” for silver to assert itself!
All the best,
Marc
PS – What the H___ am I doing up at this time in the morning!? Have NO CLUE…..couldn’t sleep.
Marc says:
BTW, Phil -
With all that said in the above post, silver can be and probably will continue to be, at times, BRUTALLY and VICIOUSLY volatile….proceed with caution- and for goodness sakes DON”T invest funds you need to live on…again NOT investment advice…just a guy trying to make his way in a very attractive silver market-with major obstacles down the road!
All the best
Marc
Bobby says:
marc, I think you are in the right place. My friends laughed at me 2.5 years ago when i sold my house in Cali and bought silver with the tax free profits. just got a note from zillow that the property is now worth over 200k less than i sold it for, and the silver….well, you do the math.
Marc says:
Bobby,
Congrats and good job! NO……great job!
All the best,
Marc
Bobby says:
marc, well time will tell, there is no income stream from pms, you have to sell them to live, unless you want to work until you are 90.
castanheiro says:
Bobby,
You’re one smart and gutsy guy.
Great job!
Steve J says:
I Agree.On all points Marc.I think it will Fly from 34 maybe vertical again.Because gold 500 and what ever in 80 leaves one hell of a gap for par if that was the last High for 50 it is a big mave to be in a ratio of anywhere near that.That is stating facts not investment advice on my part either.We will see.I do know that unless my low swinging chariot shows up for an assension of Faith.But either way it will be seen.
Carry On
Steve
Jerry O^OTB says:
Marc….the answer to your question,” WHAT THE H….AM I DOING THIS TIME OF THE MORNING..”
You are now an offical …. “AL”-CO HOLIC… THAT IS A “BIG AL”.CO HOLIC.
Marc says:
OTB
That’s good…real good!……Ha!!
cfs2000 says:
There is panic in Europe…….run for gold.
A little commented on fact was that back on Jan 12, Italy stopped accepting old Lire notes (which had been exchangeable into euros. Rumors are that Italy has started printing New Lire notes, because it’s debt is too big to save. Major problems start for Italy in April.
cfs2000 says:
Bernanke’s attempt to kick the can into 2014 will not work because the bond vigilantes will not allow bond interest rates to stay low, and 100% buying of federal notes by the federal reserve will trigger mass international dumping of the dollar……..the start of hyperinflation is close and the rate of increase will be incredibly fast.
Raymondo says:
Can? GOLD go to $4.000 by 2014? I don’t so. Between now and then $2.400 tops and then back down to $1.800 with a $200 range up and down.Siiver may hit $80.00 year end. Gold will go to $2.200 by Sept,.Hey but who knows.
Jerry O^OTB says:
Raymondo….do yourself a favor and start reading James Sinclair….might give you some
insight…Respectfully….out of the box Jerry
Marc says:
Jerry O -out of the box
I follow Sinclair very closely too – good call. BTW, I am flying to check out Detroit RE today….then I am flying back after wasting my time and money flying there………wow, real estate problems everywhere in US..Who would have “thunk” it just 8 to 10 years ago!
All the best,
Marc
BTW, I miss you and Irish bantering back and forth – its fun.
Bobby says:
marc, check out some of the bank owned stuff, i was informed that in Detroit, they were giving properties away FREE, to the right person. BTW I am still a California RE Broker, let me know when you want to buy there.
Jerry O^OTB says:
marc…btw….I AM STILL LOOKING FOR IRISH, HE STILL OWES ME SOME MONEY
ON OUR LAST DEAL….I understand from” the queen “, she also, got stiffed by him.
roger wiegand says:
As an old real estate developer I would suggest buying nothing but income producing farm land or a hidey hole small cheap farm for all cash. RE is destroyed for a decade. You can rent two nice places … one north and one south for the winter to escape the cold for the price of one decent house. Real estate taxes and utility costs are an open-ended, sky’s the limit pricing deal. Don’t go there.
In the future do not count on any income producing property for serveral years. Its all based on credit and credit is busted. WE CALLED THE TOP IN JUNE 2005 WHEN LUMBER FUTURES TANKED -Traderrog
Marc says:
Thanks Trader Rog
Jerry O^OTB says:
Marc…..ROGER IS SPOT ON….
(It takes one to know one…meaning…also, been there done that)
now, I know why I like trader rog…)
Bobby says:
i also agree with you, TR