Hahahha at the e-penis waving to validate your worth.
$400k ... really? That's not even enough to buy a average house in Sydney.. I'm not going to be so tacky as to post a screenshot of my bank account but seriously, did you really expect a property investor with multiple properties in Sydney to be impressed by a $400k bank balance? With the way the Sydney market has been performing over the last couple of years? Even a beginner property investor with only their own home and 1 investment property should have made at least that much in the last 2 years.
Absolute gold.
But you need to give him credit for his gold hoardings though.
ZERO yield gold Cash earning 3's% (so going backwards) Investor my arse
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Better than your negative yields once your depot hill capital losses of ten years are factored in.
Investor....
Lets see.... Unencumbered property yielding 14%+ every week Still up over 120% on purchase price based on actual valuations and comparable sales and they all have future dev. potential.
Yeah that ZERO yield gold and going backwards cash in bank is obviously doing better....................if you are retarded.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
That's just my cash holding (spare change if you like).
I have a few bob tucked away in far more productive assets than Perth property. Gold is just one thing that I happen to own.
It pisses me off when dickheads like you, leveraged the hilt with an assumed net worth take the piss out of people who actually have some real money.
You won't post a screenshot of your real liquid capital because you haven't got any.
In fairness, I shouldn't have risen to your jibes.
You are a bitter nobody. Why should I give a shit.
I see ... gold is much more productive than property is it?
Bitterness? With they Sydney market performing the way they have been, why would any Sydney property investor be bitter? But hey, if calling me a bitter dickhead takes away the painful edge from those gold losses, I happy to oblige. Feel better now?
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Jimbo, I think the only way for you now is for you to post your balance sheet up here?
I bought ten grands worth (UK pounds) in 1998 and sold it at around $150 below peak in 2011.
I dabbled back in a year ago with a small 10oz purchase and this year 100oz at $1284 an OZ.
So my current holdings are down in fiat price, but I haven't lost anything. I still have 110oz of Gold.
Gold represents less than 10% of my capital holdings.
But at the end of the day, there are only two prices that matter with any asset. The price you buy at and the price you sell at.
All the prices in between are just pie in the sky.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Today there is $1,294,073 million FRN in circulation.
Exactly 6 years ago during during the GFC there was $836,836 million in circulation.
So the FED has increased the currency supply by 50% since the GFC.
So the supply of currency has increased by 7.6% per annum since the GFC.
The critical factor is the supply of currency per capita. Let's say the USA population has increased by 1% per annum since the GFC.
So the monetary inflation rate has been 7.6% minus 1% = 6.6% since the GFC.
This won't be seen in common spending and common wages because the FED and Wall street are dedicated to making sure the rich get richer and the poor remain poorer.
In the case of goods were supply and demand remain constant then we should see an increase in line with monetary inflation.
Gold was $857, 6 years ago. today $1286.
So gold price has increased 6.6% per annum since 2008............exactly the some rate as monetary inflation!!!!
See how clever Wulfie is, gold is the true inflation indicator!!! Gold screams the truth while the FED says "move on, pay no attention to the man behind the curtain".
Since the GFC gold has acted perfectly as money which is pure terror for the FED. The American banks pay virtually no interest so the best way to save money in the USA is to keep gold ingots in a tin at home!
So to know how prices have been going, simply price every thing in gold.
Gold is the true money, the green confetti is the lie!
The America government inflation stats are a lie! For example they don't take into account "productivity increase" such as the flood of Chinese goods to Walmart.
Hilarious! With the mega-volatility of the gold price since then, I'm sure that by checking it against the cash in circulation figures every day, that one day every now and then you are *bound* to get the exact result that you have been wanting for 6 years now! Talk about a massive exercise in "curve fitting".....
Sorry but your theory is still complete bunkem.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Bitterness? With they Sydney market performing the way they have been, why would any Sydney property investor be bitter? But hey, if calling me a bitter dickhead takes away the painful edge from those gold losses, I happy to oblige. Feel better now?
It would hurt me a little bit if I sold my recently purchased physical Gold at a $20 per oz loss, but I didn't buy the Gold one month to sell it the next.
I have made a killing on property over the years and I will do so again, but like any market, there is a time to be in and a time to be out.
I have seen many people who thought they were rich one minute and were bankrupt the next because they didn't know when to quit a particular market.
Buying stuff is the easy bit. Knowing when to sell is where the real money is made.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
It would hurt me a little bit if I sold my recently purchased physical Gold at a $20 per oz loss, but I didn't buy the Gold one month to sell it the next.
I have made a killing on property over the years and I will do so again, but like any market, there is a time to be in and a time to be out.
I have seen many people who thought they were rich one minute and were bankrupt the next because they didn't know when to quit a particular market.
Buying stuff is the easy bit. Knowing when to sell is where the real money is made.
Of course that's why I'm holding the asset which has been going up and in value and you are holding the asset which has been going down in value ... But hey, I'm the clueless one here
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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