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  • Roger Wiegand: The Biggest Gold, Silver Rally in History [View article]
    This guy is an idiot. Sure he might be right on some things, but when you throw out random assertions something is bound to turn out true.

    Stuff that made me laugh:
    1) "House Prices Doubled between 2003 and 2006"
    2) 10 Million Homes will be foreclosed on in the US

    Please, neither of those is in any way close to realistic. I bought a home in 2002, I don't think at any time since then it was worth more than 20% more than I paid for it - not that I care, if it had doubled in value, I'd still be living here, still paying on my 30 yr 5.4% fixed rate loan.

    How many homes are there in the US? I think 10 million is a bit too large of a percentage to be anywhere near realistic - there has only been one foreclosure in my neighborhood that I know of and that was because the owner got arrested for criminal activities. So, 1 in 12 or so homes overall is impossible.
    Apr 07 10:52 am |Rating: 0 0 |Link to Comment
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