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Quote from: NorthWestJTF on July 21, 2008, 04:46:55 AMThis is probably a good time to invest in gold and real estate. Gold definitly, real estate I dont think soo. Already like a year ago I was believing that gold is a very great investment. This guy who works part time with my dad (he also does stock trading) said that gold and oil isn't that good, I was saying the opposite and I wish I had some big $ back in the day to invest in gold. Also do people think it would be evil to invest in oil, if someone had the $ and predicted that it would go up? (And their is soo much indicators for these 2 commodities going up, even the Talmud written 2,000 years ago said that in the Messianic era gold and expecially oil will be expensive- also food prices).
This is probably a good time to invest in gold and real estate.
Quote from: NorthWestJTF on July 21, 2008, 04:46:55 AMThis is probably a good time to invest in gold and real estate. Not real estate funds but actual properties.I haven't decided about gold but here in New York I think real estate as an investment could be a questionable proposition. Real estate right now is a good opportunity for an investor that has a great deal of cash money that he would not need to live on if things got really bad. If we all could see a year or two down the line and saw that the major problems in the economy were subsiding then buying some real estate might be a good idea. If on the other hand the economy continues to fade being overextended in property that could be hard to sell could be a real problem. Taxes still have to be paid and if a home or building exists it has to be maintained. Here in New York property taxes are high and in a bad economy people have lost their property because they were property rich and cash poor and were unable to make the tax rolls. I am not sure about other parts of the country but here in New York although there are distress sales people have payed bubble prices for properties and they or the foreclosing bank are unwilling to take the blood bath by selling cheap. Prices are still high but the market is stagnant. This makes the market even more volatile because sooner or later people like that will not be able to cling on and the prices will then collapse taking all property owners along for the ride down.
This is probably a good time to invest in gold and real estate. Not real estate funds but actual properties.
If things really go south; you can't eat gold and unless you get close enough to hit someone with it you can't defend yourself with it.