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Phase 2 of the Real Bailoutâ„¢ is here
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2008 Feb 27, 2:33am 26,571 views 273 comments
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Peter P
2008 Feb 28, 1:53am
Look at this 12 oz gold coin. I bet it is not very big physically.
http://www.pandaamerica.com/details.asp?item=5297&grp=1&categ=32
Peter P
2008 Feb 28, 2:00am
Which coin dealer do you guys use?
I am looking for a nice 20 Franc Helvetia. It just looks pretty to me. Perhaps I can use it for meditation.
Malcolm
2008 Feb 28, 2:11am
I would guess that coin is the size of one of those large gold chocolate coins. Pretty, but man that is a hell of a premium over spot.
You'll need to medidate if you own that thing. Like we were saying, owning physical gold in any substantial quantity brings on new stresses.
Namaste-/\
Peter P
2008 Feb 28, 2:13am
I would guess that coin is the size of one of those large gold chocolate coins. Pretty, but man that is a hell of a premium over spot.
Yeah, I joked with my wife that if I order that online, the chocolate version will come instead. :)
You’ll need to medidate if you own that thing. Like we were saying, owning physical gold in any substantial quantity brings on new stresses.
Wealth is no wealth if it brings stress.
Malcolm
2008 Feb 28, 2:15am
That's why I like to simplify. Very true, I have friends with the big house and all that good stuff, they are suing this contractor, being sued by that contractor, uh I don't get people.
Peter P
2008 Feb 28, 2:16am
From pictures online, it seems that the Krugerrands have a beautiful red-tint (due to copper contents?).
On the other hand, is the softness in the Maples a issue? I heard that many dealers will buy them only at melt price.
Peter P
2008 Feb 28, 2:18am
Many people are not ready to receive wealth. It is essential to understand the concept of abundance.
Malcolm
2008 Feb 28, 2:21am
That is true of most common coins, which is why I'd caution on paying any premium over spot. My buffalos got $5 over spot when I sold them.
Don't worry about the softness, that is somewhat BS, just like a jewelry store will say 18K is too soft which is why they only carry 14K. BS. Pure gold is soft in comparison to other metals but you can't pinch it or anything like that. You can't bend it, if you drpped a pure gold coin onto a hard surface it might leave an impression.
So don't drop a pure collectible gold coin onto a hard surface - yes, that's financial advice.
Malcolm
2008 Feb 28, 2:22am
Peter P Says:
February 28th, 2008 at 10:18 am
"Many people are not ready to receive wealth. It is essential to understand the concept of abundance."
Let's leave the boomers out of this.
Peter P
2008 Feb 28, 2:26am
The maple platinum coins look nice though. Unlike gold, platinum is HARD.
Malcolm
2008 Feb 28, 2:27am
And guys, please, if you do take your gold in to a coin shop DO NOT wear a fanny pack on the way out. Not only might you get robbed, but you are likely to get your ass kicked for making that kind of fashion statement.
Not financial advice.
(sorry; I posted this question in other threads)
Hi, I was hoping somebody here could point me to a good free foreclosure listings site? (if it even exists) All the ones I see, you have to pay to access full listings.
Much appreciated in advance.
Cheers
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Fannie Mae, Freddie Mac Portfolio Caps Will Be Lifted (Update2)
Phase 1 : Congress raised the GSE (Fannie and Freddie) conforming loan limit from $417,000 to $729,000.
Phase 2 : Congress instructs the OFHEO to lift portfolio caps on the GSEs (which were placed there because of GSE "accounting irregularities" and concerns about the GSE's size/share of market).
Next up...
Phase 3 : Eliminating all qualifying “standards†on the type of mortagages the GSEs can buy: allowing no-docs/NINJAs, neg-ams, I/Os, option ARMs and assorted hybrids.
Phase 4 : Congress making implicit GSE guarantees explicit, and taxpayers assuming/liquidating the portfolios of the soon-to-be bankrupt GSEs (RTC, part II)
Can’t happen, you say? Never say “never†where a bought-off "Socialize all losses" Con-gress and whining, clueless, bleating "why me?" sheeple are concerned.
HARM