Cruisers Forum
 


Join CruisersForum Today

Closed Thread
 
Thread Tools Rate Thread Display Modes
Old 02-03-2009, 19:40   #76
Registered User
 
Spammy's Avatar

Join Date: Mar 2008
Boat: Catalina 42: Quetzalcoatl
Posts: 114
TSpringer:
Thanks for your comments about gold. I agree that it is not liquid in the way cash is. It is also vulnerable to speculative highs and lows, as I mentioned before. My purpose in investing in gold is NOT to maintain cash flow, but as a means of storage. I do not see good things on the horizon for the Dollar.
Regarding your comments about real estate: For the past 2 or 3 generations in the U.S.A., it has steadily appreciated, and has been virtually the best investment (some would argue), that is, until the past year. During this time, some markets have seen more than a 40% loss in home values. There is now a crisis in mortgage lending. This does not portend well for the value of an investment in real estate. I do not feel capable of predicting future housing values at present. Those who do suggest that some markets may ultimately see a decrease of 60-80% in home prices. This is why i hesitate to commit to realestate at this time.
__________________

__________________
Spammy is offline  
Old 02-03-2009, 19:43   #77
Registered User
 
Spammy's Avatar

Join Date: Mar 2008
Boat: Catalina 42: Quetzalcoatl
Posts: 114
BTW, sorry for my contribution to the drift of this thread, but it is fortunately an off-topic thread, and the current state of the economy has a substantial impact on many cruisers' plans.
__________________

__________________
Spammy is offline  
Old 02-03-2009, 20:40   #78
Registered User

Join Date: Oct 2007
Location: Raleigh, NC
Boat: 1974 Columbia 41
Posts: 91
Images: 1
Not Worried

Im an avid outdoorsman with many guns, tons of fishing gear, a nice enough boat, no dept, am young enough to do it and old enough to know how to. Never fear the future, just prepare for it. By the way, money is an illusion and you cant eat gold. Im ready for it, whatever it may be. Even if it happens to be business as usual.
__________________
stoupidmonkey is offline  
Old 02-03-2009, 21:01   #79
Registered User
 
cat man do's Avatar

Join Date: Aug 2006
Location: Brisbane Australia [until the boats launched]
Boat: 50ft powercat, light,long and low powered
Posts: 4,409
Images: 36
Quote:
Originally Posted by stoupidmonkey View Post
you cant eat gold.
Yes you can
Quote:
Gold leaf on the menu at refurbished hotel > Gold News > World Gold Council, the information resource for gold, investment, jewellery, science and technology, historical and culture
Gold leaf on the menu at refurbished hotel


The news feeds on this site are independently provided by Adfero Limited and do not represent the views or opinions of the World Gold Council.
Tuesday, 4th March 2008 (3648 views)
Eclairs topped with edible gold leaf are among the sweets on offer at the newly-refurbished Plaza Hotel in New York City, according to reports.
You can also trade it for other goods

But, I would rather property that was purchased cheap and renting high.

The other stuff that was overbuilt and purchased at its peak for speculative purposes deserves to fail.

Dave
__________________
"Money can't buy you happiness but it can buy you a yacht large enough to pull up right alongside it"...............David Lee Roth
Long Distance Motorboat Cruising It Is Possible on a Small Budget
cat man do is offline  
Old 02-03-2009, 21:05   #80
Senior Cruiser
 
rebel heart's Avatar

Cruisers Forum Supporter

Join Date: Oct 2005
Posts: 6,190
Images: 3
<-- Bought a lot more stocks today. :-)
__________________
rebel heart is offline  
Old 02-03-2009, 21:41   #81
Moderator Emeritus
 
Ex-Calif's Avatar

Cruisers Forum Supporter

Join Date: May 2007
Location: Singapore
Boat: Maxi 77 - Relax Lah!
Posts: 11,514
Images: 4
Note to participants - Several personal attacks and politcal comments have been removed from this thread. There is value in this thread to discuss:

The economic conditions of the world
Economical cruising

There is no value in politics or personal attacks.

No warnings will be issued (so far) and the thread will rremain open (for now) so let's play nice.
__________________
Relax Lah! is For Sale <--- Click
Click--> Custom CF Google Search or CF Rules
You're gonna need a bigger boat... - Martin Brody
Ex-Calif is offline  
Old 02-03-2009, 21:43   #82
Senior Cruiser
 
rebel heart's Avatar

Cruisers Forum Supporter

Join Date: Oct 2005
Posts: 6,190
Images: 3
Just a footnote that you can add people to your ignore list:

http://www.cruisersforum.com/forums/...?do=ignorelist

It's a handy feature especially against people who really annoy you, and that you feel don't really offer anything to the community.
__________________
rebel heart is offline  
Old 02-03-2009, 21:46   #83
Senior Cruiser
 
starfish62's Avatar

Cruisers Forum Supporter

Join Date: Mar 2006
Location: Palm Beach, Florida
Boat: Gulfstar 44 Sloop
Posts: 647
Images: 4
Quote:
Originally Posted by anotherT34C View Post
If you ignore them, they'll go away and howl at the moon. It's for the best...
I agree that they revel in attention--whether good or bad, but you can't let the statements go unchallenged. As simplistic as it is to "not them let have the last word," in our political system both sides of the argument have to be heard--or the silent voice is not acknowledged. Rush Limbaugh would be wearing a patchouli-infused sarong if he thought he could make more money doing that. Believe me, he is an entertainer and not a civic idealist. Unfortunately he's learned that there's a lot of money to be made in peddling divisive distrust, fear and outright hatred. Even more unfortunate is that a lot of people blindly follow what he says. I was diving with a guy last week that told me there, "was a direct line between Hitler and Hussein." He listens to Limbaugh, Hannity & O'Reilly religiously (literally), and has apparently never had an independent thought in his life.
__________________
Starfish
starfish62 is offline  
Old 02-03-2009, 21:59   #84
Registered User
 
Christian Van H's Avatar

Join Date: Oct 2008
Location: Princeton, NJ
Boat: Challenger Anacapa 42
Posts: 2,097
Images: 57
Quote:
Originally Posted by starfish62 View Post
Rush Limbaugh would be wearing a patchouli-infused sarong if he thought he could make more money doing that
Where did you come up with THAT mental picture? Now I wont be able to sleep tonight! I noticed that for some reason, his original inflammatory post wasn't one of the censored ones. Might have been missed. He's done it before, and I guarantee he gets away with it again. He knows how offensive he is, but revels in revulsion.Cant quite understand that. As for destinations for cheap cruising, I still hear a lot of good things about the Dominican Republic. Hopefully, Cuba will be open soon too (I hope). Hope that isn't too political...
__________________
www.anacapas.com

Here's to swimmin' with bowlegged women!
Christian Van H is offline  
Old 02-03-2009, 22:03   #85
Eternal Member
 
Chief Engineer's Avatar

Join Date: Aug 2006
Location: North of Baltimore
Boat: Ericson 27 & 18' Herrmann Catboat
Posts: 3,798
Next time you go to the grocery store...read the labels on the cans....China China Chinaor some third world country.

Gold isn't worth a fiddlers farrago....you can't start a fire with it.....and to fill up your fuel tank in bad times it might cost you a few ounces....
__________________
Chief Engineer is offline  
Old 02-03-2009, 22:08   #86
Senior Cruiser
 
starfish62's Avatar

Cruisers Forum Supporter

Join Date: Mar 2006
Location: Palm Beach, Florida
Boat: Gulfstar 44 Sloop
Posts: 647
Images: 4
Quote:
Originally Posted by Christian Van H View Post
Where did you come up with THAT mental picture? Now I wont be able to sleep tonight! I noticed that for some reason, his original inflammatory post wasn't one of the censored ones. Might have been missed. He's done it before, and I guarantee he gets away with it again. He knows how offensive he is, but revels in revulsion.Cant quite understand that. As for destinations for cheap cruising, I still hear a lot of good things about the Dominican Republic. Hopefully, Cuba will be open soon too (I hope). Hope that isn't too political...
Sorry, dude. That's not pretty, is it? Back to the vein:

I have several friends in Luperon (DR) who love it and show no signs of ever leaving. I think Cuba will be amazing when it opens--and very, very affordable. Nicaragua has some good spots (little corn) and is cheap. Making money while cruising is so problematic that finding a place where the $$ goes farther is important.
__________________
Starfish
starfish62 is offline  
Old 02-03-2009, 22:09   #87
Back to the game

Join Date: Jan 2008
Location: Medellin, Colombia
Boat: Pearson Countess 44 wannabe
Posts: 545
Is it something wrong with being at/or from a third word country? I am from a third word country here in south america and we also happen to be the first commercial allied and strategic partner of the US in the region, besides being a "third word country" as you call it, we call them countries under development as any other sobereign territory in the globe was in it's past history.

Thanks
__________________
JC
Soft Air is offline  
Old 03-03-2009, 07:17   #88
Registered User

Join Date: Sep 2006
Posts: 363
Quote:
Originally Posted by Spammy View Post
TSpringer:
Thanks for your comments about gold. I agree that it is not liquid in the way cash is. It is also vulnerable to speculative highs and lows, as I mentioned before. My purpose in investing in gold is NOT to maintain cash flow, but as a means of storage. I do not see good things on the horizon for the Dollar.
Regarding your comments about real estate: For the past 2 or 3 generations in the U.S.A., it has steadily appreciated, and has been virtually the best investment (some would argue), that is, until the past year. During this time, some markets have seen more than a 40% loss in home values. There is now a crisis in mortgage lending. This does not portend well for the value of an investment in real estate. I do not feel capable of predicting future housing values at present. Those who do suggest that some markets may ultimately see a decrease of 60-80% in home prices. This is why i hesitate to commit to realestate at this time.

I own a small mortgage company and have been in the biz for 18 years.... YES, there are problems in this industry and mortgage guidelines are very tight. But, loans are definitely available and interest rates are crazy low. If things do degenerate to the point where the housing markets trade purely on a cash sales basis with no lending.... then your best investment is likely to be in automatic weapons and lots of ammunition. I think that's highly unlikely.

To me... real estate valuations are all about cash flow ratios. Its a numbers game. If I cannot rent a property for at least 1% of its value in monthly rent, then the home is overpriced. Period.

By that measure, most real estate is still overvalued. For example, in California at the peak of the market plain jane 3/2 ranch homes in a LA Suburb were selling for $600K. Those same homes would only bring $2K at most in rent. Why? Because $2K was the most the potential tenants could possibly afford to pay given their income. But the home prices were driven up by speculation on the hope they would continue to go up.

Now those homes are down to around $300K and the rents have declined to around $1,500. STILL overpriced by 50% as far as I am concerned.

But I am buying homes in neighborhoods where the values at the market peak were around $185K. I am buying the homes in need of renovation, doing the renovations and then renting them out. The cash flow is much better than 1% of the value monthly, so I view the homes as well priced.

The real estate market is such a mess, homes have to be evaluated not on a neighborhood by neighborhood basis but on a street by street basis and if the rental cash flow does not work, the house is still overvalued.

I do think it is very prudent to own some gold purely as a worst case inflation scenario hedge.



Terry
__________________
Tspringer is offline  
Old 03-03-2009, 11:06   #89
Senior Cruiser

Cruisers Forum Supporter

Join Date: Apr 2008
Posts: 769
Another bailout for AIG, thanks it seems to CDS payouts.

AIG is bailed out again | In a state | The Economist

In an attempt to be an informed voter, I'm trying to sort my way through understanding the convoluted CDS contracts. I'm now of the opinion that the entirety of this mess is not understandable by any individual, and anyone who tells you how it is, and knows what needs to be done, is lying (maybe to themselves). I hold a doctorate in applied physics, did my dissertation on the mathematics of j/psi suppression in quark-gluon plasma, and now design accelerators for a living. The understanding of these contracts and the math that goes into them eludes me. Maybe I'm just too stupid to get it, but I find it hard to believe that the business school grads (who I've taught math) are doing any better.

In science, when we have an incalculable problem where the theory (math) is intractable, we experiment. I think that's what we need to do now. Experiment. Nobody knows, nobody understands. Time for a best guess.
__________________
anotherT34C is offline  
Old 03-03-2009, 11:28   #90
Registered User
 
Microship's Avatar

Join Date: Dec 2005
Location: living aboard in Friday Harbor, WA
Boat: Vic Franck Delta 50
Posts: 699
Images: 7
Never thought I'd say this after observing the staggering amount of money that I rescued from stocks and put into nautical toys in 2007-8, but I now consider my boat (and even the electronics) as a great investment. At least that stuff tanks only linearly, and can be used in the meantime.

The larger lesson here is that we should be investing in ourselves, our own tools and consumables, and of course anything that gets us out of debt. Even non-dollar-denominated international dividend-paying commodities have been halved in this paradoxical flight to treasuries, so nothing makes sense anymore except simple reality: solar panels, tanks of fuel, parts, voyaging stores, facilities, food production, water resources, and tools.

Cheers,
Steve
__________________

__________________
M/V Datawake
Nomadic Research Labs
Microship is offline  
Closed Thread

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Favorite Destinations, Do not Miss! Lundy Other 48 07-04-2013 16:05
Good Destinations in Event of Global Economic Depression? Captkev Dollars & Cents 304 05-01-2010 08:31
Best Chesapeake weekend destinations from Annapolis sneuman Atlantic & the Caribbean 3 14-05-2008 12:47
Unknown Destinations Amgine Other 6 17-03-2008 09:14
Choosing Destinations, Routes, and Times blahman Atlantic & the Caribbean 10 04-03-2007 16:37



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 04:21.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.