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Wake up Goldbugs, Gold Skyrocketed overnight; Who would have thought...
Topic Started: 20 Jun 2014, 06:49 AM (22,010 Views)
newjez
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GloomBoomDoom
20 Jun 2014, 09:14 AM
That's an impressive and somewhat unexpected overnight rise.
I wouldn't say unexpected after the news from the states.
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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http://zeenews.india.com/business/bullion/bullion-news/gold-price-logs-biggest-one-day-rise-in-9-months-tops-1-300_102201.html
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goldbug
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You still here shadow? Waiting for the price to fall? You claimed the gold bull was over but here we see it is alive and well. You were wrong. Wrong wrong wrong. Just admit it. What will you do if gold takes off and crosses the old highs? Will you run away like timmy did. You fucked up shadow, you spruked off and failed.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Ex BP Golly
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Count du Monet
20 Jun 2014, 03:26 PM
I figure the private bullion stash would be considerable in fact. Anything like 30k to 60k tonnes. Gold is more or less in range of its correct value. Personally I'd put it at $1600 US. When gold is too cheap private individuals will accumulate. When it becomes too expensive they'll dis-hoard. But it isn't the price yet that will make them dishoard, for that $2,000 plus is need.

Funny there is so much government politics about something mainly used for female baubles.
What about my bogan taps?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Foxy
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Zero is coming...

Every dog has it's day.

Good luck man i hope your gold goes up.

Peter

Foxbat likes gold but does not have any.

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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herbie
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Count du Monet
20 Jun 2014, 03:26 PM
... it isn't the price yet that will make them dishoard, for that $2,000 plus is need ...
Bullshit Count.

The true goldbug will hang on, knowing in his heart of hearts it's worth 6K - Least it was when the GFC hit; 'N given all the money printing since then, I can only assume they reckon it's worth more now?

Unless they've learned something/anything(?) in the interim???
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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GloomBoomDoom
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newjez
20 Jun 2014, 07:34 PM
I wouldn't say unexpected after the news from the states.
I didn't really see anything new that would cause a sudden $50 jump.
Maybe it was that pesky "brutal winter" (that happens every few years anyway). They are blaming everything else on that.
MSE
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Investor888
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goldbug
20 Jun 2014, 05:55 PM
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.
If you also factored inflation into your gold "windfall", like you do for housing, your REAL gains are much less than you say since you purchases pre-GFC (more like 20% in REAL terms).

"You're the one with IO mortgages"
Clearly you don't understand why investors use Interest Only mortgages, WITH offset accounts. It's not because we can't pay off the principle, it's because it's stupid to.
If I have a $300K loan, and $100K in the offset account (so interest is on the net $200K), then I decide to use the $100K for personal use, then the FULL $300K loan interest is still tax deductible (all 100% of it).
However if that $100K was put into the mortgage as P&I payments, and I re-draw the $100K for personal use, then the ATO considers it a new loan and for personal, not investment use, and so 100% of interest is no longer deductable. In this case I could claim only $200K/$300K (or 66%) of the ongoing loan interest for the REMAINDER of the loan (25yrs+, etc), as the loan is now a mixture of investment and personal loan, and you cannot claim the personal portion.

So we use IO to still be able to use money for other things if needed (by using 100% offset accounts), without affecting the deductibility of the loan. We still "pay" principle effectively, just into the offset account, not into the mortgage directly.
Clueless, this "property" forum :re:

"Ps. House prices are falling. Rents are falling."
WHERE :?: We're renewing rental leases now, and upping rents 5%. House prices are also rising (less slowly though then last year)
goldbug
20 Jun 2014, 05:55 PM
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.
ONLY hundreds of grand worth of gold and silver. Piss Weak effort So you can afford maybe one property. :lol

I've got millions worth of property, earning MANY MANY thousands in yearly rental income, which your gold does not do, as it's purely speculative and relies on ever rising prices, unlike share that give dividends, or property worth rental income
Edited by Investor888, 21 Jun 2014, 12:59 AM.
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Frank Castle
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Business As Usual

Shadow
20 Jun 2014, 05:21 PM
goldbug
20 Jun 2014, 04:11 PM
Ah yes, the income you use to pay back the loans,
Ah, no
Its the income I use to live off of - you see, unlike you I spent my hundreds of thousands on assets that allowed us to retire young
You on the other hand have nothing but a doorstop - a shoebox full of polished turds waiting for a greater fool to take them off your hands.

Quote:
 
Unless of course you bought cheap homes in a swamp

Some would say smart money does.
Where is the most expensive property in Brisbane do you think?

How much is the land worth in the swamp that is the Park Royal Hotel?
Or the Port office Hotel/Brisbane Polo club area?
Posted Image

Or more recently the entire financial precinct?
Posted Image

Why do fools like you fear a bit of water?

Anyway, if Margaret gets her way Flooding in Rockhampton may be an issue no longer as the flood levy looks like its being pushed through

Quote:
 
Rockhampton council racing to secure flood-mitigation funds
MAYOR Margaret Strelow has a vision for a flood-free Depot Hill.

http://www.themorningbulletin.com.au/news/strelow-pins-future-on-levee-funds/1939197/

Quote:
 
Rockhampton residents and businesses within the proposed levee have had their say with nearly 65% willing to pay to have the levee constructed.
http://www.rockhamptonregion.qld.gov.au/About_Council/News_and_Announcements/Latest_News/Community_supports_Flood_levee


If that happens, what do you think will happen to property values then?
Especially sites large enough to do this on? (put in front of council 2007)
Posted Image

Stick with your shiny baubles - its well suited to a amateur such as yourself
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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goldbug
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:lol They want to build a dam around rockhampton now. LOL, that's rich. Only one problem with the plan frank. Finding the money to pay for it.

They have the bypass, that's good enough. Just leave rocky as a backwater now. A could-have-been sort of place.

I see gold held it's gains overnight. That's a good sign.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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