You are being a pillock. Gold is very liquid. I can walk into the Perth mint right now and the money will be in my bank the same day.
I don't have to advertise it, show people around etc.
It has dropped $14 US an ounce since I bought it but Gold does that kind of thing. A week after I bought it, it was up $20 an ounce but I wasn't on here bragging about how much I had made.
Physical Gold is a long term holding. You buy it to hold for ten years with spare currency that you don't really need when you don't want to risk all of your capital in the financial system. I held my last lot for nearly 13 years. I didn't have to maintain it, insure it or piss about with accountants and tax returns.
You don't borrow up to your eyeballs to buy Gold and then spend the next few years sweating over every article in the papers in case your asset falls in value and wipes you out.
I will exchange it back into fiat when I feel it has nowhere upwards left to go or if I am in a position when I have no choice (financial emergency). As Gold makes up less than 10% of my easily liquidated assets, I can't see that ever happening.
I'm not disagreeing with you about gold's liquidity - I just said it doesn't make a great return on your money and you seem to be saying the same thing. And gee you make a lot of (incorrect) assumptions about my situation.
Does calling me a pillock when you were the one who didn't understand (or pretend to not understand) what I am saying, make you feel better? Go ahead if it lets you get all the anger out of you.
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Meanwhile, other things I hold (the majority) work almost counter to Gold so a drop in the Gold price usually signifies an increase in my other holdings. My net gains (after paying rent) of over 20k in two months supports that.
It is called hedging but as you are all in on property, you wouldn't understand that concept.
Lol, more e-penis waving. If you need to shout it out to an anonymous forums, that shows how secure your really are Does $20k gain over 2 months makes you an investment expert? 90% of clueless house owners in Sydney made more than that in the last 2 months - while living there rent free. If you are going to wave your e-penis around, at least wave a larger one
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Speaking of cockstrokers, on cue the forum fucktard did respond
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goldbug the forum cockstroker
I'd call you a liar frank but I know for once you're telling the truth.
OK - Just to confirm, you know I am telling the truth, good oh.
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goldbug the forum cockstroker
I was talking to a truck driver last week and one trick is to tell 'em stories that don't go anywhere - like the time I caught the ferry over to Shelbyville. I needed a new heel for my shoe, so, I decided to go to Morganville, which is what they called Shelbyville in those days. So I tied an onion to my belt, which was the style at the time. Now, to take the ferry cost a nickel, and in those days, nickels had pictures of bumblebees on 'em. Give me five bees for a quarter, you'd say.
Now where were we? Oh yeah: the important thing was I had an onion on my belt, which was the style at the time. They didn't have white onions because of the war. The only thing you could get was those big yellow ones...
Nice irrelevant rambling old man
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goldbug the forum cockstroker
rrrrrRRRRRAAAAARRRRRGGGGHHHHH!!!!!!!
Let the anger out old man Nursie will be along shortly with your medication You may want to stop stroking your cock when he turns up - or maybe not, he'd probably get a good laugh out of what a FAIL you are
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Lol, more e-penis waving. If you need to shout it out to an anonymous forums, that shows how secure your really are Does $20k gain over 2 months makes you an investment expert? 90% of clueless house owners in Sydney made more than that in the last 2 months - while living there rent free.
House owners make nothing from price rises and they lose nothing from price falls? I know it is a common misconception and I know people who claim to have made more from their house than they have from working. Maybe so if they are happy to sell and live in a tent.
Investment property owners make gains or losses but not PPOR owners (unless they value add by making improvements).
As this is an anonymous forum, I see no problem in stating something that can't be tied back to the real me (unless you are the NSA).
I really don't understand the hostility towards Gold? It's great for me though, because the less popular something is, the more likely it is priced realistically.
The very nice thing for me, is that even if my current batch went to zero, I would still be in front courtesy of my original stake in 1998.
Meanwhile, anyone 100% invested in the financial system or property (or a mixture of both) has got all of their chips on the table. I prefer to keep a few in my pocket (just in case).
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.
Nice long windy bit of crap there frank but in the end you couldn't deny it could you. Yes, frank is the only landlord in queensland giving a full 15% yield back to the bank from his rentals. But only because they were under floodwaters twice in a decade.
" Hi, my name is frank, I'm a boilermaker. Could you loan me half a million dollars to buy homes in a swamp at the peak of the property cycle?" " Certainly sir... (shuffle shuffle)... just sign here
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
I'd call you a liar frank but I know for once you're telling the truth.
Your words above cockstroker and that truth that you know I am telling is...
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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.
So what is there to deny?
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goldbug the forum cockstroker
Yes, frank is the only landlord in queensland giving a full 15% yield back to the bank from his rentals
How can I do that when they are unencumbered cockstroker?
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goldbug the forum cockstroker
Could you loan me half a million dollars to buy homes in a swamp at the peak of the property cycle?
How could that have happened when they were purchased early 2000's for about $100k?
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
House owners make nothing from price rises and they lose nothing from price falls? I know it is a common misconception and I know people who claim to have made more from their house than they have from working. Maybe so if they are happy to sell and live in a tent.
Investment property owners make gains or losses but not PPOR owners (unless they value add by making improvements).
I don't know what universe you live in. A PPOR owner makes gains or losses as the underlying home goes up or down. If they decide to sell their house to realise those gains/losses, then they can go back to renting ... similar to where they were before they purchased their own home. Isn't that exactly what you did?
I'll show you an example Say a person was renting and borrowed $500k to buy a house to live in. In 1 year, that house that house doubled to $1mil. The person sold the house, paid back the $500k to the bank and now has $500k cash and goes back to renting. How does that home owner not make anything from the price rise? Seems to me he made $500k versus if he stayed renting the whole time.
If a PPOR owner really makes gains or losses as you claim, then why do many bears here saying they don't want to buy their home yet because the prices might crash? According to your theory, as long as they live in it, they won't have anything to lose no matter how much it crashes
" Hi, my name is frank, I'm a boilermaker. Could you loan me half a million dollars to buy homes in a swamp at the peak of the property cycle?" " Certainly sir... (shuffle shuffle)... just sign here
A boilermaker? And now he's retired with loads of property and swans around Asia living off of the rental income. Nice lifestyle. No wonder you're so grumpy. Jealous?
I don't know what universe you live in. A PPOR owner makes gains or losses as the underlying home goes up or down. If they decide to sell their house to realise those gains/losses, then they can go back to renting ... similar to where they were before they purchased their own home. Isn't that exactly what you did?
I made my first gain by subdividing in the early 80's and then moved to the UK. I then bought a series of houses that I lived in and renovated before selling on and repeating.
PPOR's make nothing over and above what is needed to buy a replacement house with. Yes, the owner can sell and rent, but they no longer own the house so there is no net capital gain (they just exchange bricks for cash).
What I am doing at the moment is taking advantage of a unique situation in Perth where all of the planets are aligned perfectly for a stagnant or falling property market.
In 30 years of watching property markets I have never seen such a clear cut case of a market about to enter a downturn (sounds like a sentence from Money Morning).
There is the unknown variable of foreign investment buyers being tempted towards Perth as Sydney and Melbourne get pricey, but I don't see that happening overnight.
I haven't made any money by selling my house. My house went up in value with the market. I can't buy it back for less (give or take 5 percent) so there is no capital gain in what I have just done.
My capital gain so far since I sold has been in investments outside of property so it is not the house that has made me the money.
My intention is to buy a property in the $1 million range in a certain area and those properties are not moving at all at the moment. Meanwhile, my invested capital is gaining at a rate much faster than property and each week the situation stays like this, I am making money.
Because I am ready to purchase when the time is right, I can be first in line with a hard cash offer which gives me some leverage over other buyers (potential for greater discounts).
I have never owned an investment property to rent out. I did own two properties in the UK at one stage, but one was just a renovate and flip which did well because of strong rises in the market.
I have also had property that did nothing for years and sold one at a paper loss (although I used the money to buy another house that would have also reduced in lock step so there was no real net loss).
There are circumstances when a PPOR can make money. You can sell in an area that is doing well and move to an upcoming area and realise gains that way. But just living in a house makes or loses nothing.
When your house goes up by 20k, nobody places 20k in your bank account and if it drops by 20k, nobody knocks on your door asking for their money.
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.
PPOR's make nothing over and above what is needed to buy a replacement house with. Yes, the owner can sell and rent, but they no longer own the house so there is no net capital gain (they just exchange bricks for cash).
How is that different from shares? If you sell, you no longer own the shares so there is no net capital gain?
You are seriously confused (or trying to misdirect people) by introducing a replacement house. Compare a person who bought a PPOR and rode the property boom versus a person who rented during that time. Both will need to pay more for a house after the boom but the one who bought a PPOR before the boom definitely gained a big head start.
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I haven't made any money by selling my house. My house went up in value with the market. I can't buy it back for less (give or take 5 percent) so there is no capital gain in what I have just done.
Rubbish. That e-penis waving screenshot of your bank account you were so proud of a few days ago ... that figure is bigger because your house went up in value. If your house had gone down in value, that e-penis would have been smaller.
Jimbo
8 Sep 2014, 05:41 PM
When your house goes up by 20k, nobody places 20k in your bank account and if it drops by 20k, nobody knocks on your door asking for their money.
Red herring. No one places 20k in your bank account when its an investment property either yet somehow that has gains but your own PPOR doesn't. All you are describing is realising those gains/losses before the money appears in your bank account (so you can put a screenshot of it on an anonymous forum)
You are seriously confused (or trying to misdirect people) by introducing a replacement house. Compare a person who bought a PPOR and rode the property boom versus a person who rented during that time. Both will need to pay more for a house after the boom but the one who bought a PPOR before the boom definitely gained a big head start.
Rubbish. That e-penis waving screenshot of your bank account you were so proud of a few days ago ... that figure is bigger because your house went up in value. If your house had gone down in value, that e-penis would have been smaller. Red herring. No one places 20k in your bank account when its an investment property either yet somehow that has gains but your own PPOR doesn't.
I don't need shares to live in or eat or wear. If I buy a share for $10 and sell it for $15 I have directly converted $10 of spare currency into $15.
If I buy an investment property and it goes up by $100k, it is the same. I don't need it to live in. I have just used it to generate extra currency.
With a PPOR, you need it to live in. You can swap it for a rental, but then your rent money will eventually eat away at your ability to buy back in. If you invest elsewhere (stocks etc), you are speculating that your gains will exceed the rate at which house prices appreciate.
I think the confused person here is you.
My only true capital gains from property have been made when I have done something over and above what the market is doing.
Taken to its simplest level. my capital gain is only what I would have left over if I were to take all of my money now and buy back the first house I ever bought and deduct all of my expenditure (materials, transaction fees etc) made as input capital into my subsequent properties.
If houses had gone down in value over the last 10 years, I would have shown you a smaller e penis but I would be in exactly the same position as I am in now. I would be looking to buy exactly the same type of house I am contemplating buying now, but I wouldn't need as big an e penis to buy it with. Net gain/loss zero.
I know a lot of people who have spent their houses from under themselves believing the same crap as you.
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.
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