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Wake up Goldbugs, Gold Skyrocketed overnight; Who would have thought...
Topic Started: 20 Jun 2014, 06:49 AM (22,011 Views)
Trojan
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Shadow
20 Jun 2014, 02:47 PM
Let's put this 'skyrocket' in perspective...

Posted Image
Lol ... if that happened to house prices, then that would be called a housing crash.
If you keep in mind that gold also has zero yield, its amazing that graph is called "gold skyrocketing" :D
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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goldbug
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Frank Castle
20 Jun 2014, 04:02 PM

And how much Cash / Rent has that gold paid the owner each week
Ah yes, the income you use to pay back the loans, shadow is the expert on that, he has IO loans and although he will never own a house because ot that at least he doesn't have to add hundreds a month out of his day job to supplement the fact that rents rarely cover mortgage repayments.

Unless of course you bought cheap homes in a swamp :lol :lol
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Shadow
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goldbug
20 Jun 2014, 05:11 PM
Ah yes, the income you use to pay back the loans, shadow is the expert on that, he has IO loans and although he will never own a house because ot that at least he doesn't have to add hundreds a month out of his day job to supplement the fact that rents rarely cover mortgage repayments.

Unless of course you bought cheap homes in a swamp
LOL, this is just gibberish. You've got nothing.

Gold is below its early 2009 price. The bubble popped. Live with it.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Blondie girl
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I'm reading...

It's nothing to get really excited about..

Much ado bout nothing.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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GloomBoomDoom
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Frank Castle
20 Jun 2014, 04:02 PM
What is it, back to 2011 prices?
Gold has simply tracked incomes since 2011.
MSE
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goldbug
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Shadow
20 Jun 2014, 05:21 PM
LOL, this is just gibberish. You've got nothing.
I've got hundreds of grands worth of gold and silver bullion. You're the one with IO mortgages, the one with nothing :lol :lol

Ps. House prices are falling. Rents are falling.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Shadow
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goldbug
20 Jun 2014, 05:55 PM
I've got hundreds of grands worth of gold and silver bullion.
So not even enough to buy a 2-bedroom unit with? Lightweight.

You'll never buy anything with it anyway. You will hoard your tiny shoebox half-filled with shiny trinkets until you die, and it will have provided you with zero income and therefore zero financial benefit during your life. That's not investing. It's just a little hobby, like stamp collecting.

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You're the one with IO mortgages, the one with nothing
I have IO loans and P&I loans, and my equity would buy your little shoebox of gold trinkets at least five times over, and I'm at least a decade younger than you old man.

And the rent keeps coming in each week. Suck it up. :bye:

Quote:
 
Ps. House prices are falling. Rents are falling.
Um... no and no...

Posted Image
Edited by Shadow, 20 Jun 2014, 06:15 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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goldbug
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Shadow
20 Jun 2014, 06:11 PM
goldbug
20 Jun 2014, 05:55 PM
I've got hundreds of grands worth of gold and silver bullion.
So not even enough to buy a 2-bedroom unit with? Lightweight.

You'll never buy anything with it anyway
LOL. If I did it the way you speculators do I could sell up and buy 20 units tomorrow. But I know RE is over, it's going down for the count as the global economy falls into the big depression. As for never spending it, well that's the difference between you debt addicts and us Goldbugs. We save and you spend every dollar you have and then borrow to keep spending. It's the new economy hey, and it works great, until it all falls in a heap.

I'm sorry the price of gold is going up and not down like you predicted shadow but the truth is I have no control over it. So don't blame me, I'm just profiting off it :lol
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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John Frum
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GloomBoomDoom
20 Jun 2014, 05:51 PM
Gold has simply tracked incomes since 2011.
:D
Shadow
20 Jun 2014, 06:11 PM
You'll never buy anything with it anyway. You will hoard your tiny shoebox half-filled with shiny trinkets until you die, and it will have provided you with zero income and therefore zero financial benefit during your life. That's not investing. It's just a little hobby, like stamp collecting.
spot on.

The thing that I don't get with all this chicken little fiat money doom and gloom is that if sovereign backed currencies really did collapse catastrophically, there would in all likelyhood be a breakdown of the state along with it, and you'd be looking at looting and martial law.
In which case the best wealth preserving instruments to be investing in now would be shotguns, ammo, and a cellar full of baked beans.
Edited by John Frum, 20 Jun 2014, 07:17 PM.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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Shadow
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goldbug
20 Jun 2014, 06:46 PM
LOL. If I did it the way you speculators do I could sell up and buy 20 units tomorrow
Yeah right, the bank is going to lend you ten million dollars when you have no income to service the debt... :re:

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RE is over, it's going down for the count as the global economy falls into the big depression
Bears have been spouting this nonsense for over a decade now. House prices are up another 50% in that time.

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As for never spending it, well that's the difference between you debt addicts and us Goldbugs. We save...
Save for what? You can't take it with you.

Quote:
 
I'm sorry the price of gold is going up and not down like you predicted
I predicted a few years ago on this forum that the gold bubble was about to pop. It did. Gold crashed. Hard. It's back to early 2009 levels (and even lower in real terms).
Edited by Shadow, 20 Jun 2014, 07:36 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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