How is the 2003 gold price relevant here? None of us owned gold in 2003.
You piled into gold in 2012 just before it crashed.
Yawn.
Anything to say about the how the cycle is going to save WA on the BHP thread no?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
All you need to know is our investments pay INCOME / YIELD every week enabling my wife and I to retire in our 40's and enjoy our lives together at a young age.
Whereas your so called "investment" has a yield of ZERO - NOTHING - NADA a bit like you really
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
How is the 2003 gold price relevant here? None of us owned gold in 2003.
You piled into gold in 2012 just before it crashed.
So you can't post up this for us shadow, want you don't want to show people the reality.
And piling into gold, this is all you can ever claim. I have told you before , I have never held more than two kilos at any one time. A mere fraction of my wealth. Probably seems a lot to someome like yourself, who owns nothing but debt and can afford interest only loans. I could buy 20 kilos in cash today if I wanrted to. Something you will never be able to do.
Why did it take you so long to get into realestate shadow. Your only a couple of years younger than myself , I have been benefitting from sydney realestate for twenty years on multiple properties , the second will be paid off in a matter of months now. Lets face it , you left your run too late in life and pay interest only loans at an age when I could have retired outright if I chose to. Could you do that
And your gold crash claim. Its still up 500% since 2003, some house prices in your area are barely above this level of 2003 . Just let me know if you want , and Ill go and dig them out and show everybody the reality.
All you need to know is our investments pay INCOME / YIELD every week enabling my wife and I to retire in our 40's and enjoy our lives together at a young age.
Whereas your so called "investment" has a yield of ZERO - NOTHING - NADA a bit like you really
Frank
My IP would probably rent for more than everything you own , or the bank owns, including any ppor, if you have one that is. The cash I have in the bank would probably return more than everything you get a return on.I would make more on stocks again from anything you own . And just one gold coin I own has gone up more in value than all your property has in the last ten years. Not hard considering your depot hill is down 25% over ten years.
In your forties frank , you nudging 60 , you crusty old clown , the bs never ends with you frank, your the king there buddy, hands down
And an 8.1% annual return from January 2003 would put the price today at $1394.
Not wanting to undermine your point too much, but you have also made a maths error there.
Jan 2003 -> Jun 2014 - 11.5 years. To go from $613 -> $1394 in 11.5 years actually requires compounded annual return rate of about 7.4% (not 8.1%).
I note that despite multiple corrections, a GFC, and even a resulting share market crash etc, both property in just about every capital city, and diversified ASX listed shares, beat that return (including yield) over the same period of time. And this was the period when gold had the best bull run it had seen in nearly half a century.
Jan 2003 -> Jin 2014 - 11.5 years. To go from $613 -> $1394 in 11.5 years actually requires compounded annual return rate of about 7.75% (not 8.1%).
I guess Gold has just protected holders from the real inflation rate... Some people think gold is in a bubble yet property has outperformed it? Wouldn't that indicate property is more likely to be in a bubble?
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