Didn't you leave like a dozen times already cos this forum was too dumb for your above average intellect?
You said you were only going to post on SomeAreSoft from now on?
What's your Somersoft ID?
Say what you will, Somersoft is just far more educational for property, then this "Australian Property Whingers Forum".
And yes bye
Good luck with you gold, goldbug. Gold price is down 30% in 2.5yrs. Forget about a property crash, worry about your gold price crashing further, as gold is a bubble. Still a LONG way down.
... 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???
How do you know what a gold investor will do, do you know several in your private life? I'll tell you what we do, we do all kinds of different things, just like property investors. Some buy and sell, some hold and eventually pass it on to their kids. That's stinkbugs plan for his units in canberra you know. As for me I will hold onto it until I need it or until it goes into a bubble like the 1970's. Back then it went from $35 to $850. Get the picture?
The point most here fail to grasp even though it has been stated a hundred times is that gold is simply money, money that tracks inflation. I don't need to buy houses or shares to protect the purchasing power of my money, gold does it automatically. If I had have bought at the very bottom in 2002 I would have paid $450 an ounce and that would have protected my savings through the mad inflation of the 2000's. But I bought after the gfc at around $900, which has protected me from the inflation since.
When we are old and grey all the property speculators here will be either trying to sell or trying to rent in what will obviously be a shit market. I will simply pull some gold out of storage and sell it. Gold isn't going to $1000, oil isn't going to $20, both are going up and gold for 2000 years, has proved just that. It always goes up when the price of basic necessities go up in paper money terms.
Hardly anyone here has a clue about the dynamics of gold. You all just parrot what you read in the newspapers and see on the tv set. I have read the threads here, most people expected gold to be back under $1000 by now but they were all wrong.
That's what you get when you let other people do your thinking for you.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
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.
LOL, you're like a funny little clown, sent here to amuse me...
The returns you can get for a while in a pyramid scheme Shaddow!
And it's all done so the Big Four can government guaranteed do this:
Golly your graph showing bank profits could also be described as the increase of funds directed away from the economy. It also shows the debt bubble since massive Chinese expansion from 03' identified by banks profits actually being interest payments not principal repayments. And they have aimed for your to pay as much interest as possible and as little interest as possible. Hence the record increase profits merely shows record increase in debt and interest only repayments. While you pay the most interest as possible and as little principal as possible, the banks milk more money out of your for much longer periods, while milking money from the overall economy at the same time. Every increase in bank profits, is merely another decrease in the economy and the money spent within it. Just look at retail in a report out yesterday.
As for gold, what many fail to realize , is that it is a world currency, excepted and recognized in any country of the world , and has been for thousands of years. Paper money can and has been manipulated. The idea of paper money in the begginning was it was a substitute for gold.
A promise to repay the holder of this note in gold coins guaranteed by the government. If you look at old australian banknotes from the early 1900s, you will see it says on it something to the effect of" promise to pay the bearer in gold coins at any time". This was what gave that piece of paper any worth, a promise to pay the bearer in gold coins. Without this , it is merely a piece of paper, a piece of paper backed by nothing. Now in the us , it is a holding of debt now, and even says so on their banknotes, where as it used to have the same value and promise we did, to pay the bearer in gold coins on demand. It costs the same to print a one dollar note as it does a 1000 dollar note. The diferrence between one once of gold coin and one thousand ounces of gold bar is, it took one thousand times more time and effect to get it. It had to be discovered, it had to be mined, processed and minted. All that worth and effect is embedded in that coin. Gold is rare and that's what gives it its worth, paper is not rare and can be printed at will.
So for thousands of years gold has and always will be a global currency. The ultimate really, with no compromise or ability to print it at will from a machine. Its rarity keeps its value, not a promise by government to keep something valuable like the dollar.
The forefathers of the economical system in the US said that paper currency must always be backed by gold and that coins must only be made in gold and silver. This was to keep a standard of economic stability and value retained within the economy and the world. To keep it safe, it all paper money was still backed evenly by gold, there would never be any reason for the dollar to fall in value, just slowly rise over time. There would never be any concern about the value of a dollar. There would never be a rush on banks as everybody would know there paper is actually backed by something.
The forefathers said to NEVER move away from this, because they knew the destruction it would ultimately lead too, that is the mess the world is in now. The Us had to move away from gold standards because it hi dered there unrealistic growth and spending, causing restrictions on their spending. To get around this they moved away from the gold standard, something in place for thousands of years to go on a mindless debt spree . But know its all catching up with them , something the forefathers knew would happen and the very reason they had these rules set in place. And now gold has been artificially surpressed as the economy has been artificially inflated. Buts its all unfolding now.
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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