Those two housers are on my street, in the neighbourhood of Coxwell and Danforth in Toronto

On the market about a month, but prices were similar to what this street saw a year ago.

If so, you are aware that PBS is a gov’t funded entity? Much like the gov’t funded “education system” can be counted on the brainwash…I mean “teach”…a statist view, we can count on PBS to toe the line.

That line leading straight to the current global financial fiasco we find ourselves in.

Please tell me Im wrong here. If not, things are much worse then I imagined.

I better go check on gold and silver. Thats what crazy people do, it seems.

The book, not the TV show. — Garth

1. Your realtor? Sue his ass if you have something on paper. It won’t be 40 hours of your time and will net you 2300 plus satisfaction. Well worth the price. Or better yet, report him to his association. Last thing they want is an embarrassing small claims case. That’s as outrageous as the realtor who wouldn’t put in the bid on the TO house.

2. You made a fantastic sale. That house won’t ever rent for $2800 a month. So it won’t ever sell for 280K again either. I’ve become fairly convinced that the rent-price ratio is not so much an indicator as an iron law as time goes on. You might get a deal, someone who has a place that they can’t make whole, but that you can, and so they’ll sell it to you for less than it’s worth to you and more than it’s worth to them, but you will never be able to sell that place, spit and polished and gorgeous, for much more than it would rent for 9 years for, for much more than 2 years’ pay. So be glad you got out with that much of the bubble’s gains now, because in a couple of years, in real terms, it will be worth what it ought to be worth, which so many speculators and flippers and other yahoos are convinced, their blood-koolaid content over economically legal limits, is next to nothing.

Keep selling gold so I can keep buying it at bargain basement prices. Surest way to world domination for me and ma boy Scottie yet….

Dr. Evil

Thanks for responding to my email, if you truly understood the gold market you would understand why it did not react to all of those events you pointed out.

I will tell you why bluntly but I expect you not to believe it as I did 2 years ago.

Gold and silver are managed markets and the price is held down even though there is record paced buying. There is much evidence of this, explaining how and why it is done. If you take the time to research it and cross ref the data, the truth becomes clear if you chose to look it up.

My average buy in for gold in 2008 was $900 Canadian and even right now as I write the Canadian price is $1100.

If you have only 10 points of your net worth in gold that’s good enough for a person who does not understand gold or care to learn more about it.

Finally I would like to say thank you for not getting to upset with me. Most paper money lovers call me stupid or clueless, even after calming them down, I never know why they hate gold. With you, I know why, it’s because you don’t understand gold and it’s history.

Thanks again,
I am very happy with your response.

Davinci

Goldfinger was a good movie.
Otherwise gold and hoarding are passe. We are global now baby. Enjoy the fiat and use it like it’s 1999.
Yeahhhhh baby.

Glenn,

You are shaking their tree with historical facts. They can’t comprehend such things.

__________

I begin to suspect you are right, Bill.

I may as well go for broke then.

HEY GARTH! May I ask another question? Garth, did the economic collapse of Argentina (circa 2001) actually happen?

If yes, did the entire middle-class of Argentina get wiped out? Also, is it true that Argentina was considered almost 1st World as far as properperity…before the implosion?

Lastly, did the Argentinian monetary unit also drop to its inherent value (toilet paper) during the above mentioned “conspiracy theory”?

If no to the above, just call me a drugged out delusional gold bug.

Try reading “The Ascent of Money,” for answers (the correct ones) to your questions. — Garth

Russell has been commenting on the market since you were 9 years old, Garth. I’ll take his word on gold over yours any day.

Richard who? — Garth

Glenn,

You are shaking their tree with historical facts. They can’t comprehend such things.