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Re: Gold closed above $400...can the $400
<< <i>dcarr -- "A 6% mortgage is a good deal IF you can invest the money someplace and earn MORE than 6% in return. In this environment, that is a major challenge" Agreed. (However, if I were advising a disciplined person holding a 6 % mortgage and good cash flow, I would probably suggest that they keep the mortgage. In… -
Re: Gold closed above $400...can the $400
Why do you think gold is "dirt cheap" at $400/oz when there are many mines throughout the world producing at under $200/oz? There is no shortage of gold as anyone who has done any prospecting knows. Mines will continue to increase production as prices rise. The largest physical buyer of gold in the world, India, has… -
Re: Gold closed above $400...can the $400
The economic/investment advisor I trust the most says that this last week his mutual fund sold all precious metal shares. He does not believe the near-term investment odds favor Gold. That makes me sit up and take notice! But personally, I bought in low enough that I can wait and observe the future for weakness, rather… -
Re: Gold closed above $400...can the $400
<< <i>Going back to one of the earlier points -- dcarr, I'm curious about the following: "2. Cut out the middle man (the bank) ! If you have assets, cash them out to pay off debt. For example, it makes no sense to have high-interest debt and an IRA. Get out of that circle. 3. The absolute LAST thing you should put your…
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