Terry Finn

As an Investment, Gold's Just a Brick

I have been buying 2 U.S. 1 oz. Gold Eagles each week for the last 20 years at my local coin shop for cash. My investment has QUADRUPLED in those 20 years. This is a super way to not worry about the latest group of corrupt mobsters in Washington and Wall Street that are destroying the economy for the U.S. citizens. Even my two IRA's and my 401K have doubled by investing in hard metals that are not based on the printing press toilet paper coming out of Washington. Let the fools keep believing in the newest "PRINTING PRESS PAPER" scam to come along. I'll happily keep my 1 ounce gold bricks.

Mr. Roubini, Please Take a Seat

Thank you "Mr. Nouriel Roubini, Please Take a Seat" in the WINNER's CIRCLE. Thank you for not cooking your "NUMBERS" like all the Wall Street and Washington thieves. My 401K is up 30% over the last 18 month's simply from following your predictions. You have been spot on. The consumer has quit spending and that is all one needs to know. Are those 600,000 folks losing there jobs each month going to be buying more. I don't think so. It is so simple, just look around. The fancy stores are empty. The upscale restaurants are empty. The jets are empty. We ain't seen nothing yet.

China's Gold Reserves Almost Doubled

Bloomberg's Link On China's gold Purchases Below: Copy & Paste

www.bloomberg.com/apps...

NYSE Runs Out of Gold Bars: What Happens Next?

Just think about the reason our forefathers insisted that the words,
"IN GOD WE TRUST" be on all our paper dollars and our coins. Go ahead and check your wallet or your pocket. That didn't just happen. They were warning us to not be so naive as to trust anyone else but GOD. Our money does not say on it to trust our politicians, the NYSE, Madoff, Fort Knox, or any other phony man-made creations. Our forefathers weren't cynical, just very wise realists. Why now do we act so surprised?

Gold Against Stocks Over the Decades: Not as Impressive

I'm not sure what decades you are talking about, but I'll take $35./oz in 1968 to today's $950./oz. I would consider the last 4 decade to be relavent to most Americans. In forty short years $35. to $950 per ounce of gold is hard to beat.

E*Trade: A Bet Worth Making

Who are you kidding? I've watched this one tumble from $25 to 75 cents in less than 24 months. Vegas would be a better bet and you could at least see the dancing girls. So many bloggers are so desperate they will write anything to try to turn this loser around, so that they can recoup part of their ETFC loses. The folks buying this are the same people who believe that Obama will win a second term in the Whitehouse. Keep DREAMING!

Foreclosure Moratorium List Grows

Why would the stock market respond positively to an irresponsible action by these same irresponsible banks to reward the 5% of the people people who are not keeping their financial commitments? If anything, the banks and these phony politicans should be applauding the 95% of the hardworking responsible folks who are working two or three jobs to keep their word and live up to their financial commitments. Do you so quickly forget that these are the same crooked banks who caused this whole collapse? Immediate close these five largest banks and the financial crises will end. They are just trying to spread the cancer.

Stocks Are Doomed, Only Cash or Precious Metals May Survive

You are right on Doctor. I have been buying 2 U.S. 1 oz. Gold Eagles each week for the last 20 years at my local coin shop for cash. My investment has quadrupled over those years. This is a super way to forget about the 2% corrupt team in Washington and Wall Street that is destroying the economy for the remaining 98% of the citizens. Even my two IRA's and my 401K have doubled by investing in hard metals that are not based on the printing press toilet paper coming out of Washington. Let the fools keep believing in the newest "PRINTING PRESS" Savior to come along. Even super-liberal CNBC is running a special TV show tonight on the "House of Cards" we live under.

Three Strikes Against Home Buyers

The main strike against possible "HOME BUYERS" is their own lack of patience. Buyers should watch and see what is happening to workers at Caterpillar, Boeing, Microsoft, Google, and even Toyota. Layoffs and more layoffs! Don't even think for a minute that we are near the bottom. Will six million layed off U.S. workers in 2009 be buying or selling there homes? Don't believe the Realtor! Rent, rent, rent. Stay where you are. We are only seeing the tip of the iceberg. Is the government's printing press going to pull us out of this. I don't think so. Homes are just beginning their downward spiral. This downhill snowball is quickly gaining speed and momentum. PATIENT BUYERS with cash have the world by the _ _ _!

More Housing Pain on the Way

Thank you Craig for sharing the valuable information from David Crowe, with the National Association of Home Builders. If the NAHB are even willing to admit another 29% fall in 2009, it says alot. I hope this information will keep alot of the naive future home buyers from believing the garbage being touted by Realtors and Home Builders. They are falsely claiming we are at the bottom. Talk about a "pig in lip stick"! We are no where close to a bottom.

When Will the Housing Market Bottom?

Hello Fred, Interesting article! The homes in my area that rent for $2,000. to $2,200. per month are selling for 325K to 375K which simply tells me that we have quite a ways to go to hit bottom. Your formula is right on. Your prices are not realistic in my neck of the woods. Have A Prosperous New Year. Thank you for sharing your thoughts.

Dizzying Day Trip for Ultrashort Real Estate

I took a real whipping on SRS. Bought 1,000 shares at $250/share on Nov 21, 2008 and bailed out on Nov 25, 2008 at $130/share. OUCH ! 120K loss in 4 days. Now I've got a loss to use against some of my '08 gains. But it still stings ! I should have known that this ETF is too crazy to touch.

It Might Be Impossible to Stop the Decline of Housing Prices

Pipe dreams! What are you smoking? It's time for a reality check. You really believe that the GREAT CONFISCATOR, our government, is going to solve the problem they created. Fanny and Freddie were the government's strong arms suing the banks to make mortgage loans to illegals and minorites that couldn't afford to pay. I.E. Buying votes. The ponzi scheme is over. Magic wands only work in fairy land. Obamanomics are simply empty promises. The national treasury, our gold, our savings and our real estate assets, have been pillaged by the gate keepers. Remember Judas, also a banker, sold out Jesus for only 30 pieces of silver. Our forefathers did everthing possible to keep our government tiny, but it just didn't last. Check the money in your pocket, on each coin and dollar bill is a warning from our founding fathers, IN GOD WE TRUST. Not bankers, nor governments! Be frugal and be patient as the $250,000. home works it's way back down to the $25,000. price that your grandfather paid. That is really all it's worth.

Premium for Silver Coins Soars

Anyone have any ideas on how to buy Silver Eagles in Monster Boxes (500 coins) other than eBay?

The Online Brokerage Wars: E*Trade Offers Compelling Risk/Reward

I currently have accounts at all three brokerages, but I am only trading with two of them, Schwab and Ameritrade. Why did E*trade have such sizable loses from the sub-prime mess when the other two brokerages didn't? I attribute it to poor management at the top and simple greed. When the word got out about E*Trade's financial troubles, I baled on my positive stock positions with them and cashed out. This caused me to have to owe higher short term capital gains taxes instead of lower long term capitol gains taxes. I now owe $100,000. plus in additional taxes due to E*trade foolishness and greed. Maybe E*trade will reimburse me for my tax loss, but I'm not holding my breath. I also understand that when you swim with "SHARKS" you can get bit. OUCH!