Gold is good for jewelry and despite what people might try to tell you it is no longer used as a currency. There are people who buy gold in downturns and if you are lucky you can sometimes profit from their fears as they act out their delusions and bid up a gold ponzi. Good luck on timing of buying and selling. IMHO you are better to leave gold alone and hold onto your property through a downturn.
You do not have spare money. You have leverage in property. You have a theoretical nett worth based on what you consider your property to be worth less your debt obligations.
You are not in a position to buy Gold.
For those of us who have real liquid assets, it is worth holding something as a hedge against systemic failure. Meanwhile, the rest of our currency can be placed in risk assets to provide a return.
You have no idea how much I have made over the last nine months just by shorting the Aussie Dollar. It was the easiest call ever. The RBA and the Fed told me to do it so I did.
Meanwhile, just down the road from me is this little beauty. It was on for 1.2 million in November and now it is on for 1 million.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
You asked for a hedge against a real estate downturn and I told you my answer. If you cannot understand it that is your problem.
I understand your response perfectly well: "Just hold real estate long term - it is its own best hedge." is an avoidance of the question entirely.
If you don't have any answer to the question of how to hedge real estate investment--an admittedly difficult question--then say so. Dodging the issue, while pretending that you're not dodging it, makes you look mendacious and stupid.
I understand your response perfectly well: "Just hold real estate long term - it is its own best hedge." is an avoidance of the question entirely.
Real estate doesn't need a hedge because it only ever goes up in value. No exceptions.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Latest release from the Fed conceding that the US economy is not doing as well as thought it was might as well mean another QE in the near future and that might be the end of the US dollar as the global reserve currency... If that happens , gold will be back with a vengeance and this scenario doesn't seem too unlikely...
You do not have spare money. You have leverage in property. You have a theoretical nett worth based on what you consider your property to be worth less your debt obligations.
You are not in a position to buy Gold.
For those of us who have real liquid assets, it is worth holding something as a hedge against systemic failure. Meanwhile, the rest of our currency can be placed in risk assets to provide a return.
You have no idea how much I have made over the last nine months just by shorting the Aussie Dollar. It was the easiest call ever. The RBA and the Fed told me to do it so I did.
Meanwhile, just down the road from me is this little beauty. It was on for 1.2 million in November and now it is on for 1 million.
You are making up stuff again. You do this when you dislike my reasoning but cannot answer it.
I would love you to buy that house Jimbo as it sounds a great buy and it would be worth your waiting out the market to get a bargain like that. However, I am worried that you have jumped on the bear train that never ends.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
You talk emotive gobbledygook and are totally clueless Timing is everything with almost any type of investment. If the timing is wrong mistakes can be made buying investment properties as well as buying gold.profit earned by the operator.
When was the wrong time to buy an investment property?
When was the wrong time to buy an investment property?
Fiatbug is Catweasel - you can tell because although he changes the profile he cannot lose his little spites.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
You are making up stuff again. You do this when you dislike my reasoning but cannot answer it.
I'm not sure what your reasoning is? You don't like Gold because you can't afford it. You certainly don't understand Gold or know anything about the market.
Quote:
I would love you to buy that house Jimbo as it sounds a great buy and it would be worth your waiting out the market to get a bargain like that. However, I am worried that you have jumped on the bear train that never ends.
We are still considering moving away and it all depends on what happens with the local economy. No point having a nice house if I haven't got a job.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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