Sovern Funds - The new "Gold Standard" - After Dollar Fails

Discussion in 'Business & Economics' started by Billy T, Aug 26, 2007.

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  1. Carcano

    Carcano Valued Senior Member

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    Donald Trump was on Letterman recently talking about the changes hes seen in the US real estate market. Apparently almost ALL the buyers of big ticket properties are foreigners.

    He just sold a house in Palm Beach for $100 million to a Russian fertilizer tycoon. None of the potential buyers making bids were Americans.
     
    Carcano, Aug 22, 2008
    #81

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  3. Billy T

    Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    The interesting question is: What did Trump do with the money from the sale? - Invest it outside of the US, I bet.
     
    Billy T, Aug 22, 2008
    #82

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  5. Carcano

    Carcano Valued Senior Member

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    Building one of the world's finest golf courses in Scotland. He has buildings going up in Abu Dhabi, Panama City and Toronto.

    He says the Manhattan real estate market is still hot...but only due to foreign money pouring in.
     
    Carcano, Aug 22, 2008
    #83

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  7. Billy T

    Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Now that you remind me, about a year ago I read trump was planning a big combo / closed residental /golf course developement here in Brazil - have heard nothing more of it. perhaps he thought Scotland a better choice. Golf is not very popular here.
     
    Billy T, Aug 22, 2008
    #84
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