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Jim Rogers: I wouldn't buy gold, I think there's going to be a better chance to buy gold later.
Topic Started: 18 Dec 2013, 01:44 PM (3,959 Views)
herbie
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Pig Iron
23 Dec 2013, 11:06 PM
it's basic finance you moron.

i bet you smiled while the gold dealers fleeced you, didn't you?

give me a few pointers. after gold plummeting in value you must know a thing or 2 about it.
I'm fond of me $10K odd worth of shitty gold.
So will keep it.

'Course I have a tendency ta be fond of 'n faithful ta shitty women too; 'Til they actually do the bunk ... :D
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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mel
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peter fraser
23 Dec 2013, 11:04 PM
It doesn't make sense to hang onto a falling asset, but to sell when you had convinced yourself that it will go higher means admitting to yourself that you were wrong, and that can be hard to do for some people.

It's a type of inertia caused by pride.
I honestly had it figured for fear or desperation, but it really is ego isn't it?

It's probably also worth mentioning that a wise person once said 'genuinely stupid people underestimate others because they naturally assume they're idiots as well'.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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peter fraser
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mel
23 Dec 2013, 11:18 PM
I honestly had it figured for fear or desperation, but it really is ego isn't it?

It's probably also worth mentioning that a wise person once said 'genuinely stupid people underestimate others because they naturally assume they're idiots as well'.
Well that's probably true - I think that we all suffer from that a bit.
Any expressed market opinion is my own and is not to be taken as financial advice
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Count du Monet
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peter fraser
23 Dec 2013, 11:04 PM
It doesn't make sense to hang onto a falling asset, but to sell when you had convinced yourself that it will go higher means admitting to yourself that you were wrong, and that can be hard to do for some people.

It's a type of inertia caused by pride.
In the case of gold, not so. The main reason for holding is liquidity. If you got a portfolio of stuff you can't sell because the market is illiquid. Gold is the easy stuff to sell that can get you cash quick.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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mel
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Count, I could be wrong but I believe I just saw Christmas ham advertised on tv for $6.49 per kilo. That seems unbelievably cheap (I think it may have been from Aldi) Why would anyone buy a combo meal from mcdonalds when they can buy a bottle of wine and a kilo of ham for under 10 bucks?? :lol
Edited by mel, 24 Dec 2013, 12:01 AM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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MMM
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peter fraser
23 Dec 2013, 11:04 PM
It doesn't make sense to hang onto a falling asset, but to sell when you had convinced yourself that it will go higher means admitting to yourself that you were wrong, and that can be hard to do for some people.

It's a type of inertia caused by pride.
You are yet to admit you were wrong on interest rates.and then post this, oh the irony.

You had no clue when I tried to explain it as simply as I could, told you it was common.sense and told you it was no rocket science. If you could not even see something that simple , how could you see the real picture on the economy both here and the US, and even less so gold. You also.thought our economy was fine.when I told you of all the jobs losses you will be seeing as well as.buisiness closing. Since then we have had record buisiness bankrupcies and ford and holden have announced they will be going out of buisiness here, believe me yet Peter.So don't pretend that you know what is really happening with the economy or more so gold. Like jimmy said he sees better opportunity later. Do you wish to amuse us Peter and now think the US is on the road to a REAL recovery or just a phoney one.

http://theeconomiccollapseblog.com/archives/camden-new-jersey-one-of-hundreds-of-u-s-cities-that-are-turning-into-rotting-decaying-hellholes



http://theeconomiccollapseblog.com/archives/83-numbers-from-2013-that-are-almost-too-crazy-to-believe.



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herbie
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Count du Monet
23 Dec 2013, 11:53 PM
... The main reason for holding is liquidity. If you got a portfolio of stuff you can't sell because the market is illiquid. Gold is the easy stuff to sell that can get you cash quick.
'N poor simple minded numpties like me just hold cash - Go figure hey? :re:
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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peter fraser
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MMM
24 Dec 2013, 12:14 AM
You are yet to admit you were wrong on interest rates.and then post this, oh the irony.

You had no clue when I tried to explain it as simply as I could, told you it was common.sense and told you it was no rocket science. If you could not even see something that simple , how could you see the real picture on the economy both here and the US, and even less so gold. You also.thought our economy was fine.when I told you of all the jobs losses you will be seeing as well as.buisiness closing. Since then we have had record buisiness bankrupcies and ford and holden have announced they will be going out of buisiness here, believe me yet Peter.So don't pretend that you know what is really happening with the economy or more so gold. Like jimmy said he sees better opportunity later. Do you wish to amuse us Peter and now think the US is on the road to a REAL recovery or just a phoney one.

http://theeconomiccollapseblog.com/archives/camden-new-jersey-one-of-hundreds-of-u-s-cities-that-are-turning-into-rotting-decaying-hellholes



http://theeconomiccollapseblog.com/archives/83-numbers-from-2013-that-are-almost-too-crazy-to-believe.


The difference Ted is that as rates changed direction it helped me and I changed my view - you on the other hand are stuck in your views and your ego won't let you accept that you have got it all wrong.

You should have changed your direction 12 months ago, but you didn't. Tough luck mate, you're going to lose money - too bad.

Any expressed market opinion is my own and is not to be taken as financial advice
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Count du Monet
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herbie
24 Dec 2013, 02:15 AM
'N poor simple minded numpties like me just hold cash - Go figure hey? :re:
Which cash is that? The one the silver fish ate? The AUD which slumped to 60 cents in the GFC?
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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MMM
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peter fraser
24 Dec 2013, 08:30 AM
The difference Ted is that as rates changed direction it helped me and I changed my view - you on the other hand are stuck in your views and your ego won't let you accept that you have got it all wrong.

You should have changed your direction 12 months ago, but you didn't. Tough luck mate, you're going to lose money - too bad.
You changed your view did you Peter, no you watched some video that suited your agenda and ran with it.
Do you know why you could not see what was happening with interest rates earlier. Let me tell you , firstly you were incapable of stepping back a bit and looking at the big picture. Just as you are now incapable of seeing how a REAL economy cannot function with zero interest rates, it is nothing but a further eroder and destroyer of the economy. But you might come around on this too eventually, again , its common.sense andno rocket science, just like before .

I now owe probably less than 30k on property in Sydney, I could purchase another house outright with cash or two houses outright with cash depending on where it is. I could retire tommorow if I liked Peter, could you? And I am only just past 40. You have dependant kids, I don't even have teenagers anymore, and what are you Peter , late thirties or there abouts?
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