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The Gold Bubble... Just how badly have the silly goldbugs failed?
Topic Started: 21 Jun 2014, 11:46 AM (27,196 Views)
mel
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Shadow
3 Dec 2015, 10:03 PM
Pretty close, considering Sydney was only at $550K in 2008 when that prediction was made! What did the bears predict... a 40% crash from 2008 levels? Fortunately I loaded up on Sydney property back then, and didn't listen to you guys. According to the bears, Sydney should be around $330K now... :lol
Stevie Keen must be kicking himself Shadow, think how much his unit would be worth by now.
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Ex BP Golly
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Blondie girl
3 Dec 2015, 10:53 PM
....you haven't reached the level of not having a chain around your neck with the bank no more, there is smarter people who have achieved heaps more than youAnd .
Shadow tells himself it is a gold chain.
Edited by Ex BP Golly, 4 Dec 2015, 08:45 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Shadow
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Ex BP Golly
4 Dec 2015, 08:44 AM
Blondie girl
 
you haven't reached the level of not having a chain around your neck with the bank no more, there is smarter people who have achieved heaps more than you
Shadow tells himself it is a gold chain.
Gold is depreciating relic that pays zero yield, unlike property.

Blondie, there are millions of smarter people who have achieved more than me. I'm just a regular girl... nothing special.
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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Hankook
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Shadow
4 Dec 2015, 09:35 AM
Gold is depreciating relic that pays zero yield, unlike property.

Blondie, there are millions of smarter people who have achieved more than me. I'm just a regular girl... nothing special.
Where is "the whole truth?"
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Rufus
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Hankook
4 Dec 2015, 09:44 AM
Where is "the whole truth?"
He got a margin call on his gold EFT's so he had to sell his car and gamer computer, but he'll be back as soon as he pays off his losses and buys a new computer.

Take risks - if you win you will become wealthy, if you lose you will become wise
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Shadow
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Hankook
4 Dec 2015, 09:44 AM
Where is "the whole truth?"
When gold has its next little uptick, he'll be along with a new identity to tell us the new gold bull run has begun.

His new identity will have bought his gold when it was below its current value, of course.

FrankRider bought at $1600. Goldbug bought at $1400. The Whole Truth bought at $1200. The new sock will probably have bought at $1000.

Posted Image
Edited by Shadow, 4 Dec 2015, 11:03 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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Rastus2
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Shadow
4 Dec 2015, 11:02 AM
When gold has its next little uptick, he'll be along with a new identity to tell us the new gold bull run has begun.

His new identity will have bought his gold when it was below its current value, of course.

FrankRider bought at $1600. Goldbug bought at $1400. The Whole Truth bought at $1200. The new sock will probably have bought at $1000.

Posted Image


You have a nice little database on the various posters and their gold purchase $$...


What else do you keep in that database :D
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Terry
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Rastus2
4 Dec 2015, 11:35 AM


You have a nice little database on the various posters and their gold purchase $$...


What else do you keep in that database :D
Actually, let's say you were buying gold on a monthly or quarterly basis, it would make your position somewhat better. However, if you were buying resource producers from 2011, you would have a miserable balance.

There is a greater chance are that the suburbanites have followed the second scenario based on the structure of our financial planning circus. They were told that the resource boom has 20 years to run so it's been a no brainer. The story has changed somewhat as there is some serious carnage out there of a magnitude not really understood in the suburbs yet.

Posted Image

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Rastus2
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Terry
4 Dec 2015, 11:54 AM
Actually, let's say you were buying gold on a monthly or quarterly basis, it would make your position somewhat better. However, if you were buying resource producers from 2011, you would have a miserable balance.

There is a greater chance are that the suburbanites have followed the second scenario based on the structure of our financial planning circus. They were told that the resource boom has 20 years to run so it's been a no brainer. The story has changed somewhat as there is some serious carnage out there of a magnitude not really understood in the suburbs yet.

Posted Image

I can't remember exactly what dates I bought my gold/silver..

We shall have to wait for trollie/shadow's database to find out I guess :D
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Terry
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Rastus2
4 Dec 2015, 12:20 PM

I can't remember exactly what dates I bought my gold/silver..

We shall have to wait for trollie/shadow's database to find out I guess :D
Well I think most serious accumulators of gold are constantly buying. For them, a crash in the price of gold is kind of a godsend.
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