Where are all the gold gurus?

[rhoff]

Are using gas as analogy to QE?Your analogy
breaks down because they won't run out of paper
to print. They won't ever get the wet logs to burn
because they by unitended consequences will just
end up blowing the whole campground sky high!

[errolanderson]

Hopper . . . 60 Minutes had an intersting 11 minute segment on Sunday nite called 'China's Real Estate Bust'

maybe someone can post it on this thread (not smart enough to figure out). or google 60 minutes overtime and surf until segment is found

Everyone in western Canada should see this interview.

[Hopperbin]

I understand this bubble as we are in a global economy. Right now we have money and people leaving china to save their money. I realized years ago when my ex had 4 houses for their family of 3, mom dad and daughter, like a house the wife where she was from, a house where they worked, a house for their place they want to retire, a house for

[Hopperbin]

This can explain a bit
http://www.creditwritedowns.com/2013/03/chinas-real-estate-bubble.html

[errolanderson]

thanks Hopper . . .

please everyone watch this video. This has
a direct impact on the Western Cdn economy

[Hopperbin]

What we don't understand is that we were the vision of the world 20 years ago. Today we can be bought out for half of what we think we are worth. Not sure about gold, sorry, but it may be anyone that owns property is going to be to the good in the future.

[Hopperbin]

Its pissing me off that i did not buy our canadian bank stocks a few months ago.

[ado089]

I don't know how you can watch a video
like that and take anything positive
from it. What I see is an entire economy
that has been propped up on false
assumption, mostly based on the
misconception that realestate only moves
in one direction. I can't comprehend
how or why people all over the world can
keep getting drawn into this stupidity.
The entire system is set up right now to
destroy middle class wealth around the
world. A correction and a big one is
needed before realestate or land is
worth buying again, we need to get back
to or below the long term trend lines
before it's safe to invest again.

[ado089]

As for your bank stocks, consider this.
Most analysts are calling for a 20%
correction in home prices. That is more
than most people under 35 have for equity
in their homes. Add a little more
interest to those payments and where are
we. Something to chew on.

[errolanderson]

ado089 . . . you are right on-the-money
with your comments.

[cottonpicken]

More like over a 40% drop.Like the us,only our
median price is 50% higher,so we could potentially
see catastrophic losses.

More importantly what are those securities worth on
the banks books?

How many banks did the us lose when their market
imploded,last i heard it was over 500?