just shy of $1000 per ounce. holy crap. i have even used this to hedge some of my portfolio. but you always need to be wary of this commodity, it has an almost completely negative beta.  negative beta means that if the market goes down, it will go up. that is why there are all those commercials on late at night about buying gold coins. when the economy goes to crap (as is the current market trend) the gold goes up.

just remember, as with all other things, sell when it is high. don’t keep it past its “due date.”

i was in my car on my way home last night and heard a commercial on the radio. i immediately begin to change the station, as i always do, but stopped. why? because it is about the housing market in Utah. 

this ad states that “while many markets in the US are dropping, Utah is growing!” because Utah has a “strong” economy, with a high employment rate.  those are the reasons that the Housing market in Utah is still going up, while everywhere else in the US it is dropping like cement boots in the Hudson river?

i am not sure how i feel about that. you see… the US economy was doing well UNTIL the housing market tanked. and we still have an exceptionally high employment rate for the country. so how is it that Utah gets to keep up this charade that they are doing better? is this just the worst kind of self delusion? i think so.

frankly if even California prices are dropping then Utah should follow suit.  when a person can buy a 4200 Sq. ft. house in Houston, TX for $200k, and a similar house in Utah tops $300k there is a serious problem. a problem that needs to be addressed by some people of intelligence.  are the people in Utah so dense that they actually listen to these commercials telling them to buy new homes? on second thought… don’t answer that.