Carl leason

Gold, Silver ETFs Lead the Way Lower; Financials Gain

Nick,...You better wake up ! Like Jim said, this is pure specullation !
When times go bad, really bad,...do you think you can take a bar of gold to your local bank and get cash or go the local grocery and get food ? Get serious,...I could never figure out people who get involved in pure speculation. Like the housing bubble,...not braging but I saw that bubble coming when prices were on the way up ,..way, way up ! Housing is an easy one to "Do the MATH !" If you buy a home, especially as an investor, you better figure all the costs and the probable income, and then tell yourself if it will at the very least,...PAY FOR ITSELF ! Most of todays investors are of the "Herd" mentality,...if joe Blow says it's a good idea and Joe does it, then it must be great,...right ? WRONG,..if you don't do the math,...meaning calculating "Return on Investment ".... it can be a real disaster, like Gold and housing !!
Gold is worth only what people are willing to pay, which is truly dumb ! At least with housing, one can calculate what the return should be ! There are so many MILLION $$ waterfront high rise condos for sale all over, it's really mind boggeling ! What are these people thinking ? There is no way that one can put 20-30 pct. down and have rental income pay for it ! Think I am wrong,...then "Do the math " !!! LC