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...
Stevie Keen must be kicking himself Shadow, think how much his unit would be worth by now.
....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 .
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.
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
You have a nice little database on the various posters and their gold purchase $$...
What else do you keep in that database
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.
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.
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
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