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Reader comment on: Gold Value of Apartments Sinks

Submitted by jonahtrainer, Jan 5, 2008 00:31

This article is spot on because of technological progress Gold can now function as a viable currency in daily transactions (RunToGold.com). Because it is a more stable measuring stick for value we should use it instead of dollars, euros, yen, etc. It is the best currency available and far superior to any money substitute because it has no counter-party risk. Therefore, the value of condos in NY is plummeting as is evidenced by the gold/price ratio.

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Other reader comments on this article

Comment	By	Date
The simplest thing is to move out to Queens, still a part of NYC. Head out on the R, V,... [MORE]	David	Jan 7, 2008 13:26
This article is spot on because of technological progress Gold can now function as a viable currency in daily transactions...	jonahtrainer	Jan 5, 2008 00:31
Along with a declining standard of living from the falling dollar Americans can expect to pay more for all imports... [MORE]	Smitty	Jan 4, 2008 19:34
Schiff hasn't been warning us all in imminent terms as much as he has been warning us about the path... [MORE]	Douglas R. Chuhran	Jan 4, 2008 15:05
Hi Julie, I work for Elliott Wave International and we have been showing the stock market in terms of gold... [MORE]	Katrena	Jan 4, 2008 14:02
Peter Schiff is right, but understates the problem. At the same time as your apartment loses value in real terms,... [MORE]	Jason Fane	Jan 4, 2008 07:31
	jg	Jan 3, 2008 11:32
↔ Jg ,s comment is typical of people who cant see the facts because they cant accept the reality of what,s... [MORE]	Rob Davidson	Jan 4, 2008 13:20
↔ You talk about the "Gold Value of Apartments Sink", well I think it is time that you should remember that... [MORE]	Mary Ann	Jan 3, 2008 09:02
↔ ↔ Unless your after tax income grows faster than the dollar is losing value, you are likely to experience a continually... [MORE]	Jason Fane	Jan 4, 2008 07:39
↔ ↔ ↔ First: You seem to think somebody, or some agency, should be watching out for you and watching out for other... [MORE]	Doc Tater	Jan 4, 2008 14:07
↔ ↔ ↔ ↔ well, fair enough, doc. but ouch! i think that you're the one swinging the hammer. (you must live in nyc, yes?) but... [MORE]	teddy	Jan 4, 2008 14:29
↔ ↔ ↔ ↔ ↔ Sorry about your situation. There is nothing worse than those who feel they must stay in a high priced area... [MORE]	Fazsha	Jan 5, 2008 14:51