Comments on: Understanding the U.S. housing meltdown http://www.stabroeknews.com/2008/business/07/25/understanding-the-us-housing-meltdown/ Guyana News, Sports, Businesss and Entertainment Sun, 08 Nov 2009 07:44:10 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Joe Coxall http://www.stabroeknews.com/2008/business/07/25/understanding-the-us-housing-meltdown/comment-page-1/#comment-15069 Joe Coxall Sat, 26 Jul 2008 00:52:58 +0000 http://www.stabroeknews.com/?p=17473#comment-15069 Vatvic, What the Guyana government needs to do to allow its citizens to invest in gold is not to actually sell you the gold. They should allow you to buy an ounce of gold at market price then issue you a certificate to be redeemed at any future date at current market price. that way they get paid for the gold while still keeping it as a reserve. They can then lend your money to investment firms for interest instead of having to sell that gold themselves. When you are ready to redeem your gold, it is there to back up the higher price that you must be paid. Of course if the price goes down you lose, but the government does not. So it is a safe investment as long as the government keeps the gold reserve to honor your certificate. Joe. Vatvic,
What the Guyana government needs to do to allow its citizens to invest in gold is not to actually sell you the gold.

They should allow you to buy an ounce of gold at market price then issue you a certificate to be redeemed at any future date at current market price. that way they get paid for the gold while still keeping it as a reserve. They can then lend your money to investment firms for interest instead of having to sell that gold themselves.

When you are ready to redeem your gold, it is there to back up the higher price that you must be paid. Of course if the price goes down you lose, but the government does not. So it is a safe investment as long as the government keeps the gold reserve to honor your certificate.

Joe.

]]> By: Joe Coxall http://www.stabroeknews.com/2008/business/07/25/understanding-the-us-housing-meltdown/comment-page-1/#comment-15040 Joe Coxall Fri, 25 Jul 2008 21:39:12 +0000 http://www.stabroeknews.com/?p=17473#comment-15040 Vatvic, I would not, this meltdown is far worst than the politicians and their mouthpiece media is letting out at this time, wait until after the election, it will be a blood bath in the ecomomic sector. One lady has already commited suicide after faxing a letter to her mortgage company saying that she will be dead by the time they came to foreclose on her the very same day. Joe. Vatvic,
I would not, this meltdown is far worst than the politicians and their mouthpiece media is letting out at this time, wait until after the election, it will be a blood bath in the ecomomic sector.

One lady has already commited suicide after faxing a letter to her mortgage company saying that she will be dead by the time they came to foreclose on her the very same day.

Joe.

]]> By: vatvic http://www.stabroeknews.com/2008/business/07/25/understanding-the-us-housing-meltdown/comment-page-1/#comment-15030 vatvic Fri, 25 Jul 2008 21:19:04 +0000 http://www.stabroeknews.com/?p=17473#comment-15030 buying Raw gold is illegal here. And it would make good reading for the writer ( Karen Abrams) to comment about how a Obama or Mcain presidency will alter the present dynamics. buying Raw gold is illegal here. And it would make good reading for the writer ( Karen Abrams) to comment about how a Obama or Mcain presidency will alter the present dynamics.

]]> By: Joe Coxall http://www.stabroeknews.com/2008/business/07/25/understanding-the-us-housing-meltdown/comment-page-1/#comment-14872 Joe Coxall Fri, 25 Jul 2008 10:33:28 +0000 http://www.stabroeknews.com/?p=17473#comment-14872 It is still a great time to short stocks on the market, even Google went down 30%. My advise is to buy gold. not jewelry, but raw gold. One ounce of gold will give you the same amount of goods as during the time of Christ. It remains recession proof. On the other hand your US dollar will continue to loose value as a result of runaway inflation. Joe. It is still a great time to short stocks on the market, even Google went down 30%.
My advise is to buy gold. not jewelry, but raw gold. One ounce of gold will give you the same amount of goods as during the time of Christ. It remains recession proof. On the other hand your US dollar will continue to loose value as a result of runaway inflation.

Joe.

]]> By: Joe Coxall http://www.stabroeknews.com/2008/business/07/25/understanding-the-us-housing-meltdown/comment-page-1/#comment-14870 Joe Coxall Fri, 25 Jul 2008 10:27:31 +0000 http://www.stabroeknews.com/?p=17473#comment-14870 A very good analysis of the housing meltdown. However the cure will turn out to be worst than the disease. The fereral reserve are now set to bail out the very banks that own the federal reserve. it is hand wash hand economics- good for the banks- bad medicine for the taxpayers. This week alone, if you had shorted the stocks of Fannie and Freddie, you would have come out with an 85% profit on your investiment. Loopholes are still left open to allow greedy investors to squirrel away their profits off the table. Who cares, the taxpayer will foot the bill of this fiat money system that was bound to collapse sooner or later. Joe. A very good analysis of the housing meltdown. However the cure will turn out to be worst than the disease. The fereral reserve are now set to bail out the very banks that own the federal reserve. it is hand wash hand economics- good for the banks- bad medicine for the taxpayers.

This week alone, if you had shorted the stocks of Fannie and Freddie, you would have come out with an 85% profit on your investiment. Loopholes are still left open to allow greedy investors to squirrel away their profits off the table. Who cares, the taxpayer will foot the bill of this fiat money system that was bound to collapse sooner or later.

Joe.

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