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Wake up Goldbugs, Gold Skyrocketed overnight; Who would have thought...
Topic Started: 20 Jun 2014, 06:49 AM (21,999 Views)
Sydneyite
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Poontang
16 Jul 2014, 07:26 PM
As Timmy used to say (when he was here...) "Nothing goes up in a straight line"

I'm not concerned, I think Gold price will be higher than current price next month and higher again in 6 months...
Didn't you say something similar 6 months ago? And also 12 months ago? How did that work out? :dry:
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Poontang
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Sydneyite
16 Jul 2014, 07:41 PM
Didn't you say something similar 6 months ago? And also 12 months ago? How did that work out? :dry:
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Ok it seems... 6 months ago and 12 months ago Gold price was lower than it currently is...
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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herbie
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Poontang
16 Jul 2014, 07:51 PM
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Ok it seems... 6 months ago and 12 months ago Gold price was lower than it currently is...
Recall reading an article by a somewhat subdued Indian maybe a year back where he reckoned he had no real choice but to support his mum who invested in gold because that's what she believed in and that's what she did and that's what his inheritance would be in - Wonder if the same could ever happen to Aussies re housing?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Poontang
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herbie
16 Jul 2014, 08:39 PM
Recall reading an article by a somewhat subdued Indian maybe a year back where he reckoned he had no real choice but to support his mum who invested in gold because that's what she believed in and that's what she did and that's what his inheritance would be in - Wonder if the same could ever happen to Aussies re housing?
As much as I think the bull run in gold and silver will continue for a few more years (subject to the current breather) I would not go all in on either or both of these precious metals. I have some exposure to them in my super fund through miners but I also have retail/energy/LIC's and some others in there as well paying good steady dividends.

I was putting extra in super but have stopped that since getting the farm and will refrain from extra contributions for at least the next 5 years or so as we get a handle on the mortgage and I have seen (hopefully) what intentions government(s) have for our super funds over the next few years.


Selling ones house and putting it all into gold is a ballsy move, it may pay off in the future for that person, but it is something I would not do.


A pretend portfolio with no real capital risk is one thing...
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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goldbug
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You would be mad to put all your money in gold. Farmland as you have is the top of the list, then gold, then fuc* knows. Everything else looks risky to me.

I have land but it's not exactly aeriable. Perhaps good for olive trees or cattle but little else. I have no illusions about the rigorous of farming either. Nor its pissy returns.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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stinkbug
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goldbug
16 Jul 2014, 10:58 PM
You would be mad to put all your money in gold. Farmland as you have is the top of the list, then gold, then fuc* knows. Everything else looks risky to me.

I actually think this is one of the issues that drives people into property investment: they don't know what else to invest in. Shares have been volatile over the past few years, bonds and cash aren't worth it. Property is at least tangible I suppose.

Still, when you don't know what you're doing any asset class can take your money...
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While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Poontang
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stinkbug
16 Jul 2014, 11:09 PM
I actually think this is one of the issues that drives people into property investment: they don't know what else to invest in. Shares have been volatile over the past few years, bonds and cash aren't worth it. Property is at least tangible I suppose.

Still, when you don't know what you're doing any asset class can take your money...
Some people certainly do not have the stomach for shares.... Checking your portfolio online and seeing a page full of red arrows pointing down somedays can be daunting..

A house, you drive past it and it looks the same everyday...


Portfolio 2 has 20 trades on it at the moment... exactly 10 are up and 10 are down..

Overall it is up around 10% which I think would be comparative of many suburbs over a similiar timeframe.







Gold is back over $1300 too so not even a day was needed :)
Edited by Poontang, 17 Jul 2014, 12:06 PM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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stinkbug
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Poontang
17 Jul 2014, 12:01 PM


Overall it is up around 10% which I think would be comparative of many suburbs over a similiar timeframe.



If you learn how to use either asset class appropriately I don't think it would make a huge amount of different. I use mainly property because I know more about it than shares.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Poontang
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stinkbug
17 Jul 2014, 12:21 PM
If you learn how to use either asset class appropriately I don't think it would make a huge amount of different. I use mainly property because I know more about it than shares.
Agreed, I am not anti property investing.. At my age I am prepared to take a little more risk for what I hope will be a higher return over a shorter time frame.

I think property price rises will slow or stagnate (Melbourne specifically) for a few years and my returns over this time should (hopefully) outperform property. Property will then go through its next up cycle and probably outperform shares again.

If the stars align for me perfectly a transition from one asset class to another goes reasonably smoothly.. or at least an expansion into another asset class.

There have been many studies of shares vs property over different periods of time and in real terms they are fairly close.

One could cherry pick particular cities/suburbs to improve their stats as one could cherry pick their equities to improve their stats..

There are taxation benefits for gearing in both, equities have imputation credits, property has depreciation alowances etc so they both have advantages.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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newjez
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Well, at least they found this one
http://www.telegraph.co.uk/finance/markets/marketreport/10974375/Gold-spikes-on-Malaysia-Airlines-crash.html
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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