Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 4
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 (3,957 Views)
herbie
Member Avatar


Count du Monet
24 Dec 2013, 09:45 AM
Which cash is that? The one the silver fish ate? The AUD which slumped to 60 cents in the GFC?
The AUD would have dropped lower if the RBA hadn't intervened one has ta imagine.
And gold got hammered at the same time as I recall.

No point just remembering half of the history lesson Count?
Edited by herbie, 24 Dec 2013, 10:25 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Kulganis
Member Avatar


Count du Monet
24 Dec 2013, 09:45 AM
Which cash is that? The one the silver fish ate? The AUD which slumped to 60 cents in the GFC?
Silverfish don't eat plastic, they eat textiles and paper (though they prefer moss). Luckily, Australian currency is printed on plastic and has been since 1988.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
Profile "REPLY WITH QUOTE" Go to top
 
Count du Monet
Member Avatar


herbie
24 Dec 2013, 10:23 PM
The AUD would have dropped lower if the RBA hadn't intervened one has ta imagine.
And gold got hammered at the same time as I recall.

No point just remembering half of the history lesson Count?
Gold was a very curious story at the time. In the US although the official price fell from the $1000 to $800, actual physical sales remained at the $1,000 mark. At the time Commex defaulted on deliveries, eventually paying $1.25 for every $1 contract. Perth mint was similar story, it became almost impossible to get investment gold from them. The Melbourne ABC shop seems to have gone bankrupt at the time because they couldn't get the Perth fabrications they were using.

So if the official figures claim gold fell to $800 or whatever, it was contrived.

Why they did this I don't know? Although if the gold shorts where powerful people that might have had something to with it.

It wasn't long before gold was above $1,000 an ounce I assume when the shorts expired. In the Western movies they shoot cheats, but not today it seems. :D
Kulganis
24 Dec 2013, 10:34 PM
Silverfish don't eat plastic, they eat textiles and paper (though they prefer moss). Luckily, Australian currency is printed on plastic and has been since 1988.
Such inferior quality toilet paper. Nothing beats those old style hemp USD.
Edited by Count du Monet, 25 Dec 2013, 12:27 AM.
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
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


Count du Monet
25 Dec 2013, 12:14 AM
Gold was a very curious story at the time. In the US although the official price fell from the $1000 to $800, actual physical sales remained at the $1,000 mark. At the time Commex defaulted on deliveries, eventually paying $1.25 for every $1 contract. Perth mint was similar story, it became almost impossible to get investment gold from them.
So if the official figures claim gold fell to $800 or whatever, it was contrived..
That's the truth. Go into a dealer tomorrow and try and buy gold at $1330 or whatever it is now and they will laugh you out the door. Real gold sells in a dealers market not a banker's mouse click market.

Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
mel
Member Avatar


goldbug
25 Dec 2013, 07:47 AM
That's the truth. Go into a dealer tomorrow and try and buy gold at $1330 or whatever it is now and they will laugh you out the door. Real gold sells in a dealers market not a banker's mouse click market.
What a load of horse shit :lol

http://www.goldstackers.com.au/store/gold/gold-bars/perth-mint-1oz-minted-gold-certicard.html

That's fuck all premium which im guessing would be close to what you paid many years ago. Or did you somehow manage to escape paying premium on physical gold?
Edited by mel, 25 Dec 2013, 08:30 AM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


mel
25 Dec 2013, 08:13 AM
goldbug
25 Dec 2013, 07:47 AM
That's the truth. Go into a dealer tomorrow and try and buy gold at $1330 or whatever it is now and they will laugh you out the door. Real gold sells in a dealers market not a banker's mouse click market.
What a load of horse shit :lol

http://www.goldstackers.com.au/store/gold/gold-bars/perth-mint-1oz-minted-gold-certicard.html

That's fuck all premium which im guessing would be close to what you paid many years ago. Or did you somehow manage to escape paying premium on physical gold?
Horse shit? A $50 premium? What did you expect mel, a 50% premium. That's an online seller as well mel, they are always cheaper, be it for gold or laser printers. If I wanted to buy from them though I would incurr a hefty insured shipping cost on top.

You really have no clue do you? Just stick to the lower $US price and leave the finer details of Australian gold investment to those with practical experience. Stick with your property bubble (and keep praying)
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
mel
Member Avatar


goldbug
26 Dec 2013, 09:17 AM
Horse shit? A $50 premium? What did you expect mel, a 50% premium. That's an online seller as well mel, they are always cheaper, be it for gold or laser printers. If I wanted to buy from them though I would incurr a hefty insured shipping cost on top.

You really have no clue do you? Just stick to the lower $US price and leave the finer details of Australian gold investment to those with practical experience. Stick with your property bubble (and keep praying)
Nope, wrong again. It's a well known brick and mortar store in melbournes CBD.

The premium, which includes fabrication as well as dealer margin is just 3.7%

So much for the price disconnect between 'paper and physical' you guys keep banging on about...
Edited by mel, 26 Dec 2013, 12:34 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
Profile "REPLY WITH QUOTE" Go to top
 
Count du Monet
Member Avatar


mel
26 Dec 2013, 11:43 AM
Nope, wrong again. It's a well known brick and mortar store in melbournes CBD.

The premium, which includes fabrication as well as dealer margin is just 3.7%

So much for the price disconnect between 'paper and physical' you guys keep banging on about...
Actually for the man on the street it is the spread between the buy price (which will be generally less than the spot price) and the sell price.

4% is the narrow one on physical gold, it can go up to 7% depending on the store. Gold is the liquid one because it has a large price driven market(low risk). Other PM's can have spreads three times greater than gold. Even physical cash has a spread of 5% or more.
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
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

Count du Monet
25 Dec 2013, 12:14 AM
"BLAH BLAH CONSPIRACY"

So if the official figures claim gold fell to $800 or whatever, it was contrived.

"BLAH BLAH CONSPIRACY"
so when gold falls it doesn't fall, and when it rises it rises more? :wak:
goldbug
25 Dec 2013, 07:47 AM
That's the truth. Go into a dealer tomorrow and try and buy gold at $1330 or whatever it is now and they will laugh you out the door. Real gold sells in a dealers market not a banker's mouse click market.
who gives a shit what you can buy it for? it's what you can sell it for that matters.
Edited by Pig Iron, 26 Dec 2013, 03:44 PM.
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 4



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy