Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category
Gold: A Surge Into Summer? Stewart Thomson Gold Stocks: Poised To Outperform Everything Stewart Thomson Dovish CPI: A Super Surge For Gold? Stewart Thomson The Anti-Concepts of Money: Conclusion Keith Weiner Gold Stocks: Good Times Are Here Stewart Thomson

overtheedge
Member since May 2012
680 commentaries - 6 followers

6 followers

has posted a comment on the article :

Virtual Wealth and Real Wealth

- Philippe Herlin - GoldBroker

I would argue that the vast majority of wealth at all levels is virtual, while the debts are real.
The classic example of the day is underwater mortgages. When home prices fell, any supposed equity evaporated.
Whenever the stock market declines, any virtual wealth is exposed for what it is: fairy dust and unicorn droppings.
Nothing has definitive value until the money changes hands.
Today, asset valuations may greatly surpass debt. Tomorrow's valuation could easily fail to cover the debts owed against them.
The exit door is very narrow and few will get out in time. The rest will stack up like so much firewood.
Each must decide for themselves what assets will retain value, either inherent or by utility.
Choose wisely.

Commented 3751 days ago

Send

Beginning of the headline :The rich are getting richer. According to the last Bloomberg list, the fortune of the 300 wealthiest people in the world increased by $524 billion in 2013, reaching a total of $3.7 trillion, while Bill Gates, number one on the list, saw his personal wealth increase by $15.8 billion, which makes him now worth $78.6 billion. Let’s bring out the champagne! Well, the middle-class will not be drinking champagne... In the United States, there are close to 50 million people on food stamps, almost dou... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis