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Dawood

Buying Gold and other investments

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YOOOOOOOOOOOOOOOOOOOOOOOOO!

Gold is off the charts right now. It's about to hit a G. I kick myself in the ass for not backing the truck up to the gold factory back in '04. I watch the prices of Gold everyday

hoping for it to take a dive so I can jump in and buy up a gang of ounces, but it keeps climbing.

 

(probably the wrong forum for this , but)

Anyone else know any good investments?

 

 

GBX_LINE_1825DAY.PNG

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Anyone else know any good investments?

 

 

A Butt Funnel.

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Should've bought it in 04!

 

 

If you did'nt buy it when it was low, and your money is in dollars, it's tough..

When the dollar goes down, gold goes up..

so the only way to get on the other side of that trading gold with dollars is to take futures "options" on gold.. and that's not always such a good bet.

I suggest selling any gold you now have, and buying dollars cheap..

Gold is to 2003 what dollars are to 2013..

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Yeah right now would be a bad time to invest in gold... People are usually pretty quiet about what is good to invest in; as with pretty much everything, do your research!

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if you earn and bank in dollars, basically everything is one sale right now with the exception of gold and foreign assets.. the entire US economy from stocks, to bonds to property is on sale

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yeah, US property is cheap right now because of the mortgage crisis, isn't it?

 

i want to get a container and load it up with stuff from china. manufacturers there are practically giving stuff away.

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yeah i hate buying high, you might see some gains but will have the most risk. Property is amazing right no in certain area's. Also looking at some mortgage and real estate stock might be an option, as they have been hammered the last 9 months and are all selling at huge discounts. With the stimulus package raising FHA loan limits across the nation, we will see a boost in activity. Also most banks have corrected there lending mistakes, and solid profits should entail.

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i don't know anything about investing but i pay attention to the business reports and it always seem like banks are solid investments. record earnings every quarter

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anywhere were your rents can cover most of the mortgage if you buy an REO or short sale. The bay has plenty of area's where rents are high the house has dropped significantly and you can pick it up for cheap. But its not that easy it takes time.

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yea ive been craigslisting property for sale and i see some 'reo' that are somewhat cheaper. what does REO and short sale mean?

 

i really want a small family home, in the 600k region. ive been looking at places like daly city, pacifica, south city, where the rent on a 3 bedroom house is usually around 2 thousand a month. im assuming that if the property owner is only charging 2 gees a month than his mortgage is lower than that??

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Why am I the only person who thinks real estate is still way to fucking high. Prices haven't come down by much around here compared to how they skyrocketed a few years ago. A house is still beyond reach here unless you can handle $3000 a month payments.

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yea i agree with that. housing in san francisco bay area is ridiculous. a small 3 bedroom house will run over 800k easily, a 4 bedroom is almost always above the million mark.

 

the thing is, i was born and raised here and i really do not want to live in some cookie cutter mcmansion neighborhood filled with strip malls and franchise stores.

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plus on top the mortgage payment theres mad taxes for living in SF too. my pops pays something like 8 grand a year in taxes on his house in SF.

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i always told myself that once i leave the eastbay i will never go back. i hate the east bay with a passion, unfortunately with housing prices on the peninsula so high i might have to get something in freakmont or east oakland or some shit.

 

kind of hijacking the thread, but these houses look dope

http://sfbay.craigslist.org/pen/rfs/598669000.html

http://sfbay.craigslist.org/pen/rfs/598630223.html

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I don't know...Daly City? I lived there, it was pretty depressing. If you're from the Sunset or Richmond, though, then you're probably already used to fog.

 

I'm leaving the state because I can't get a job doing what I know how to do without a degree, and if I go to school in the Bay Area I'm going to be fucking struggling and hating life for at least the next two years. Rents here are ridiculous, and the cost of doing business here is so high that almost every employer I've had in the past decade has pulled some shady styles when it came to money/raises/bennies/training...I hear where you're coming from, Moe, I was born in SF and I can't even afford to live there.

 

As far as investments go, my friend just went to Alaska and bought four ounces of platinum (no sales tax)...and claims that he's already made his money back on the airfare and hotel.

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