Your Chance to Interview Chris

Login or register to post comments Last Post 16603 reads   63 posts
Viewing 10 posts - 51 through 60 (of 63 total)
  • Wed, Feb 29, 2012 - 08:03pm

    #51
    Karlx1

    Karlx1

    Status Member (Offline)

    Joined: Dec 14 2011

    Posts: 5

    count placeholder

    Question for Chris: Gold or (fertile) land?

Hi,

The following quote from Warren Buffet’s latest Berkshire Hattaway annual report – which was all over the news – made me pounder the question below. (Here’s where I got it: http://nonchalantrepreneur.com/post/18259699208/warren-buffet-on-gold-as…)

“Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion. Call this cube pile A.

Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?”

This made me think of Chris stating at some point (in the Crash Course or some blog article, I can’t find it right now) something like: ‘How would you know it’s the right time to use your gold? Everyone has to decide for himself. For me it would be when I can swap it for fertile land.’ And then also bringing it together with the recent article about ‘Owning wealth in the ground’: http://www.peakprosperity.com/blog/james-dines-owning-wealth-ground-your….

Hence the following question: (1) Wouldn’t it make sense to prefer buying (fertile) land over gold already at this moment? Instead of exchanging it at some future point in time? (2) And how do you see both evolving inflation/deflation-wise compared to each other? (3) And finally, if things evolve the way you explain on your website, then why would anyone in the future want to sell their (fertile) land anyway? What could be their motivation?

Thanks for clarifying your point of view on this issue.

Best regrads,
Karl van Staeyen

  • Thu, Mar 01, 2012 - 01:28am

    #52
    NatalieO

    NatalieO

    Status Member (Offline)

    Joined: Apr 28 2010

    Posts: 13

    count placeholder

    Great interview of Chris by Stephan Molyneux

I found this great one-hour interview where Chris addresses a lot of points, including current geo-political ones there:

Could they be mentionned on the site when they happen so that we’re sure not to miss them – there’s always something more to take from these conversations, even though we know a lot of it already.

Thanks!

Natalie

  • Wed, Mar 21, 2012 - 07:06am

    #53
    Grover

    Grover

    Status Gold Member (Offline)

    Joined: Feb 15 2011

    Posts: 771

    count placeholder

    If the future holds …

Chris,

I try to know all the people in my neighborhood. There are children who are nearly finished with High School who are asking me for advice. In the past, I’d counsel the ones with math or science skills towards college. Those more inclined to work with their hands, I recommend whatever particular field they are interested in that can’t be hijacked by an overseas provider. I don’t know what to advise those who just want to start working at a job that needs no additional schooling. I tell them that they’ll be at the mercy of the market. (That feels a bit hollow for me.)

I always tell these kids that the most important decision they will ever make in life is who will be the parent of their children. I also tell them to live below their means so they have savings that can be invested; otherwise, they’ll be a debt slave forever.

My question relates to the fields that will likely exist and be in demand in the future. Given the 3 groups I identified, what general areas would you suggest as career choices given A) best case scenario (no insurmountable crises) or B) Modern society ceases.

Grover

  • Wed, Mar 21, 2012 - 10:48pm

    #54

    tricky rick

    Status Member (Offline)

    Joined: Dec 09 2011

    Posts: 70

    count placeholder

    Hi Adam and Chris:  thanks

Hi Adam and Chris:

  thanks for this forum…  much more interesting than some of the blah blah out there.

  Two thoughts I would love to hear your take upon:

  I find it very disenginuous how recommendations for participating in the stock market, particularily mining stocks, is pushed on investors.

  Especially now as the economy resembles an airplane at its vertical stall speed.

  Bear markets exist to lure the unwary in to crush them.  Selling tickets for a seat on the bus rushing to a cliff?

  Also, can I have your thoughts on possession of gold and silver.  I also have a substantial amount of our net worth in my possession. 

  Do you see a time when we could become the targets of a confiscatory government?

 

thanks…

 

tricky rick

boise

 

  • Wed, Mar 21, 2012 - 11:13pm

    #55

    Poet

    Status Platinum Member (Offline)

    Joined: Jan 20 2009

    Posts: 982

    count placeholder

    Hello, Tricky Rick?

Tricky Rick.

Did you listen to the second podcast? Because most of your questions were already answered.

Poet

tricky rick wrote:

Hi Adam and Chris:

  thanks for this forum…  much more interesting than some of the blah blah out there.

  Two thoughts I would love to hear your take upon:

  I find it very disenginuous how recommendations for participating in the stock market, particularily mining stocks, is pushed on investors.

  Especially now as the economy resembles an airplane at its vertical stall speed.

  Bear markets exist to lure the unwary in to crush them.  Selling tickets for a seat on the bus rushing to a cliff?

  Also, can I have your thoughts on possession of gold and silver.  I also have a substantial amount of our net worth in my possession. 

  Do you see a time when we could become the targets of a confiscatory government?

thanks…

tricky rick

boise

  • Thu, Mar 22, 2012 - 01:24pm

    #56
    KugsCheese

    KugsCheese

    Status Gold Member (Offline)

    Joined: Jan 01 2010

    Posts: 910

    count placeholder

    Mark-to-market?

Hello Chris,

I would like to know if mark-to-market is stll suspended for banks’ real estate-related assets.   If so, why is this important piece of information not discussed and widely known, who knows this (for example, could China not know this fact), and who benefits from it and who pays the price?  If so, this would argue for a dollar crash sooner rather than later?

Thank you,

KugsCheese

  • Mon, Mar 26, 2012 - 03:10pm

    #57
    Doug

    Doug

    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1441

    count placeholder

    Rowe and Kripalu

I would like to hear a summary of what happened at Rowe and a more detailed description of what is planned for Kripalu.

Doug

  • Mon, Mar 26, 2012 - 05:52pm

    #58

    Nichoman

    Status Silver Member (Offline)

    Joined: Nov 01 2008

    Posts: 140

    count placeholder

    Mark To Market?

 Agree and seconded.  Status…plus if still ongoing…anyone pushing returning to GAAP sanity (reality).

 

Nichoman 

  • Sat, Mar 31, 2012 - 04:19pm

    #59
    Karlx1

    Karlx1

    Status Member (Offline)

    Joined: Dec 14 2011

    Posts: 5

    count placeholder

    Renting/Owning & Mortgage risks/Improvements resilience

Hi Chris,

I appreciate the possibility we get through the interviews to hear your advice and thoughts.
Very interesting indeed.

I do not own a house and if I wished to buy one, I’d have to take a personal mortgage to be able to. I think houses are (still) overvalued (in Belgium) which is why so far I decided not to buy one. But that of course strongly diminishes my options to invest in my own food, energy, water… systems.

How would you weigh the risks of taking on a mortgage in theses financially insecure times versus the opportunities presented by owning your own house for improving your condition / resilience? And what factors would you take into account to make a decision? Eg. job security, fixed rate mortgage…

Would you advice to buy at a later stage? Wait for a drop in prices? Or would you advice in any case to get out / stay out of personal debt? Why? In that case – in which I would continue renting – which options would you advice me to improve my condition / resilience? (food, shelter…)

Thanks for your insights,

Best regards,
Karl

  • Sun, Apr 01, 2012 - 12:16am

    #60

    Nichoman

    Status Silver Member (Offline)

    Joined: Nov 01 2008

    Posts: 140

    count placeholder

    Currency Crisis…Rising Interest Rates…Crash In Markets?

Adam:

Questions for Chris.

Looking at Stock Index prices in Greece, and a bit lesser extent Portugal and Spain, there appears to be significant negative correlation or fall to rising Interest Rates there. Just as one would expect based on history with US stocks and interest rates.

1.)  What is Chris’s view of how the stock market would do based on the 3 recent above country cases?  

2.)  If agree to a significant fall, ways to utilize this via investement vehicles other than PM’s like option techniques, or buying the most in demand, necessary commodities (food, oil and so on) from their recent price behavior in these 3 countries to reduce or eliminate loses?  

FWIW…Loose numbers drawn from the 3 above events, plus our past US history extrapolate a 50 percent drop in US is very plausable, if not more.   Of couse statistics is based on the assumptions used, that is, somewhat subjective.

BTW…doesn’t this tie into Biederman’s thoughts on price and liquidity? 

Thanks,

Nichoman

Viewing 10 posts - 51 through 60 (of 63 total)

Login or Register to post comments