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The Gold Bubble... Just how badly have the silly goldbugs failed?
Topic Started: 21 Jun 2014, 11:46 AM (27,181 Views)
Shadow
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Evil Mouzealot Specufestor

Gold is an epic failure.

Below 2009 levels in nominal terms. Even worse in real terms.

The gold bubble popped, yet the silly goldbugs think it's a great investment, despite falling in value for years and paying zero yield...

Posted Image

And still the goldbugs keep hoarding it. But never selling. Goldbugs never sell. So it's completely pointless.

They will die with their little hoard of shiny trinkets still intact, it having provided them with zero income and therefore zero financial benefit during their lives.

That's not an investment. It's a hobby, like collecting stamps.
Edited by Shadow, 21 Jun 2014, 11:51 AM.
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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Posting silly threads won't hide the fact that you were wrong about gold shadow, but you have been wrong from the very day you signed those interest only mortgage papers haven't you. You foolishly believed those houses would double in value in the next 7 years and bail you out, but they didn't. You have been prognosticating for years about a big construction boom in Sydney but that never took off either.

One day you are going to be faced with the fact you came late to a manic property bubble that pushed house prices well above normal inflation rates. One day. Too late though to save your future. It's why you don't believe in oil depletion, the global warming trend or any other negative aspect of our world. It's why you deny the fact the Australia economy is faltering. Poor old shadow just wants things to go back to 1970. Well too bad, it's a new paradigm and it has left dinosaurs like you far behind.


Gold is $1400. Here is your call from january.
http://australianpropertyforum.com/single/?p=8454952&t=10016021
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The time to go short was a couple of years ago before the gold price crash.The time to go long will be in a few years time when the price drops to $800.


You haven't a clue shadow.
Edited by goldbug, 21 Jun 2014, 01:27 PM.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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MMM
Unregistered

Why don't you post up the graph from 2003, the period you delude to on house prices all the time, the time since iron ore rose from $5 per tonne to $190 per tonne. Instead of your little cherry picked section .
Post up the bigger picture from your beloved 2003 and overlay it with Australian house prices and see how it goes.

Gold is not in a bubble, it is not leveraged, unlike real estate to the tune of 90%lvr and interest only, imagine if people did this with gold, or imagine when they do, then it will be a bubble, just like realestate is along withaustralain wages, two big corrections we can look forward too, like one on top of the other.

So when something is not leveraged , it is not in a bubble, and when it is being temporarily surpressed in effect from the temporary effect of artifiacially inflating the economy as it has no hope of standing on its own two feet, you know that not only is it not a bubble, but is very underpriced.

The definition of a bubble is when something is leveraged to the extreme, as when people have lvrs of 80-90-100% and 105% in some cases, with the last being all costs including stamp duty and legals etc. And In the last case, if property falls 20% from here, you will be left with a 125% lvr , and this clown shadow claims no bubble.

Glad to debunk the bullshit as usual for you all, now you can all see what a bubble is , and is not ;)
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Shadow
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Evil Mouzealot Specufestor

goldbug
21 Jun 2014, 12:28 PM
Posting silly threads won't hide the fact that you were wrong about gold shadow
I predicted a few years ago that the gold bubble would soon pop. It did. I was right.

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You foolishly believed those houses would double in value in the next 7 years and bail you out, but they didn't
I make my money from the rental income. The 50% capital gain in Sydney house prices since I started buying in 2005 is just the icing on the cake. I don't expect house prices to double every seven years. I expect prices to track income growth, as they have done for over a decade now.

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You have been prognosticating for years about a big construction boom in Sydney but that never took off either.
New dwelling approvals for NSW are close to record highs - back up to the levels last seen during the early 2000s boom. The construction boom is here.

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Gold is $1400. Here is your call from january.

The time to go short was a couple of years ago before the gold price crash.The time to go long will be in a few years time when the price drops to $800.
Yes, the time to short gold was just before the crash, and the time to go long gold will be in a few years when it drops to $800.



MMM
21 Jun 2014, 01:15 PM
Why don't you post up the graph from 2003
Why? You piled into gold in 2012, just before it crashed. How is 2003 relevant to you? Do you not remember how in 2012 when you sold your Sydney home and piled the proceeds into gold, you said you were doing this because Sydney property was about to crash and gold was heading to $5000? But instead, gold crashed and Sydney property boomed. Your timing literally could not have been any worse.

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The definition of a bubble is when something is leveraged to the extreme
Can you link to source of this definition? Or is this your own personal definition that you made up? In any case, the average loans to assets ratio for an Australian household is under 20%, and the typical household spend less than 10% of their income servicing debt. So while there may be some highly leveraged people out there, the typical household is just fine.

Posted Image
Edited by Shadow, 21 Jun 2014, 03:03 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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MMM
Unregistered

You did not answer my question as to why don't you post gold up along side gold over your beloved 2003 period. And come out with your bullshit piling into gold comment. Is that your argument. I have property paid off and owned outright, have owned property for twenty Yeats and am about three Yeats older than you. You own nothing , pay interest only loans because that's all the rent covers, property in your area shows many have only just surpassed 2010 prices and many are still behind. And we saw prices in your area drop 20% over 2011-12 after the 2010 increase, and the economy was better then and we did not have as much room to drop interests rates like we did then. You seen the stats, Sydney 14% increase on 2010 highs and dropping every single week since the start of may.I have been getting return from the proceeds of my unencumbered property proceeds and will have my other Sydney IP paid off by step or Oct. You missed the boat on real estate shadow and left it too late in life, you should of started when I did, what were you doing all those years. :bye:

The definition of a bubble is not something I made up, it is fact, your just a desperate troll these days shadow, spend the next seven years of your life spruiking real estate and bs home made graphs like you have the last seven years. :bye:
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Shadow
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MMM
21 Jun 2014, 03:43 PM
You did not answer my question as to why don't you post gold up along side gold over your beloved 2003 period
Not sure what you mean by 'post gold up along side gold'. Sounds like gibberish to me.

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have owned property for twenty Yeats and am about three Yeats older than you
Yeats? You sold your Sydney property in 2012 just before the recent boom began, and piled the proceeds into gold just before it crashed.

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You seen the stats, Sydney 14% increase on 2010 highs and dropping every single week since the start of may.
You might want to check that again... :lol

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The definition of a bubble is not something I made up
Then post a link to this definition. Otherwise, you made it up...

Edited by Shadow, 21 Jun 2014, 04:33 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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Gossamer
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44th most prolific poster on APF

People who don't understand why people buy gold clearly don't understand concepts such as risk minimisation.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

APF idiot list
Nelson
Black Panther
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derp
Unregistered

Gold is for people who are too dumb to create their own wealth. Not saying it is bad. It's just a super dumb investment. This belief that your wealth will somehow grow out of an inert hunk of metal needs some serious reconsideration.

And to say gold isn't leveraged is the most ignorant thing I've heard on this forum so far. Not only is gold leveraged through derivatives, credit notes, and lease arrangements, tonnes of so called gold stores are actually not gold at all, but rather worthless tungsten. If paper gold is being leveraged on worthless tungsten how much is that paper gold really worth?
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MMM
Unregistered

Shadow
21 Jun 2014, 04:31 PM
Not sure what you mean by 'post gold up along side gold'. Sounds like gibberish to me.


Yeats? You sold your Sydney property in 2012 just before the recent boom began, and piled the proceeds into gold just before it crashed.


You might want to check that again... :lol


Then post a link to this definition. Otherwise, you made it up...
Fact, I own property outright am about to own another outright and could buy another outright aswell, you own nothing outright, never have and never will with your i terest only loans and the dconomy now in permanent decline.

And you want a link for the definition of a bublle. I already explained it , it is common sense , there in nothing thats needs to be defined when it already has, but thanks for the jokes shadow, your a funny guy.

But if you want a link for your bubble , try these. :)

http://www.youtube.com/watch?v=sgRGBNekFIw&feature=youtube_gdata_player

http://www.youtube.com/watch?v=bNmcf4Y3lGM&feature=youtube_gdata_player
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Gossamer
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44th most prolific poster on APF

derp
21 Jun 2014, 05:44 PM
Gold is for people who are too dumb to create their own wealth.
WRONG! Gold is bought to protect one's wealth.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

APF idiot list
Nelson
Black Panther
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