Roubini Says Rogers’s Forecast of $2,000 Gold ‘Utter Nonsense’

Quote from veritas007:

If we are going to have hyper inflation, why isn't real estate just as good a hedge as gold?
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Nah, real estate comes with real estate taxes and school taxes and a dozen other fees and taxes tacked on by municipalities. Not to mention, you need to maintain real estate (heating, maintenance, mowing the lawn.

In a inflationary environment, your taxes just increase (typically at a higher rate than prevailing inflation).
 
Quote from Mayhem:

Nah, real estate comes with real estate taxes and school taxes and a dozen other fees and taxes tacked on by municipalities. Not to mention, you need to maintain real estate (heating, maintenance, mowing the lawn.
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Real estate is a good long-term hedge. If you plan it right and you can afford it you can automate the maintenance and never have to worry about it for 15 or 20 years.

Us day traders don't have that kind of patience.
 
I don't know that there will be hyperinflation but I will not be at all surprised to see inflation at the 8 - 12% a year level. That will be enough to wipe out my sister on her fixed income pension and millions of other people in a similar situations.

I gnash my teeth when I hear our financial experts talk about how inflation at 3% a year is good for us. In 20 years such "mild" inflation will mean that my sister has half as much to live on as she has now.

For those who say gold is in a bubble, and the dollar is just fine, please spell out your detailed plan for paying off the $14 trillion debt without debasing the currency. Use realistic estimates for the future cost of social security, Medicare, Medicaid, Obamacare, and government pensions. Don't forget the trillions of dollars of Fannie Mae and Freddie Mac liabilities that have now been dumped in the lap of the taxpayer.

I want to see this. Make me an optimist.
 
Quote from Debaser82:

Getting closer, Nouriel.

Doctor Doom.

The financial expert that predicted the financial crisis of 2008.
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Both these guys say a lot of things, its really hard to figure out igf they have any meaning, its timing risk management etc.

Both are headline grabbers though.... got to ask why huh ?
 
Quote from pwrtrdr:

Both these guys say a lot of things, its really hard to figure out igf they have any meaning, its timing risk management etc.

Both are headline grabbers though.... got to ask why huh ?
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Rogers trackrecord is maybe 100 times better then Roubini's really....
 
Quote from Debaser82:

Rogers trackrecord is maybe 100 times better then Roubini's really....
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Yes I bet it is.

There are many with track recors that are unreal, but they are not forecasters to public in anyway.

Roubini , he the y2k guy... got that all F up ?
 
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