US Economy is done...The entire world is propping up the US Dollar...Consevative Losses from the Housing Bubble are now 3+ trillion and growing...The worst is yet to come...You live by the Bubble...You die by the Bubble...http://www.kitco.com/ind/willie/jan242008.html
"Conservative losses from the housing bubble"...as in LMAO. US property owners, with the exception of the last two years, have doubled to tripled their asset values, which equates to a 5 to 10 fold return on their equity. Yes those who bought at the top got creamed, but I would bet they were mostly investors who were leveraged to death.
With Realestate not being so attractive, we have seen a correlationg move in gold. Rather fascinating.
FYI, the conservatives had nothing to do with junk mortgages or the housing bubble. Its called "the market". Same as with gold.Or maybe Al Gore invented the internet...LMAO!!
I really wonder how you could have a totally different analysis but come to the same investment conclusions. To me, the chronic wrongdoing and economic mismanagement of this US government is a crucial and essential part of the rise in gold and therefore Seabridge.