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The Gold Bubble... Just how badly have the silly goldbugs failed?
Topic Started: 21 Jun 2014, 11:46 AM (27,184 Views)
stinkbug
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Jimbo
19 Dec 2015, 09:10 PM
A property "investor" is simply trying to exploit the fact that most young people can't afford to buy their own house. This is partly due to the fact that property "investors" helped create the problem in the first place.

Absolutely. 2 generations ago people left school at 16, got themself a union membership then walked their box of possessions down to the home that they had bought the same day. Banks threw money at them, and entry level jobs paid a fortune.

Disclaimer: Is bullshit.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Jimbo
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stinkbug
19 Dec 2015, 10:08 PM
Absolutely. 2 generations ago people left school at 16, got themself a union membership then walked their box of possessions down to the home that they had bought the same day. Banks threw money at them, and entry level jobs paid a fortune.
No, no and no.

And where did I say that?

But two generations ago, you either got a job or set up on your own. You saved a deposit and bought a house to live in.

You didn't get a temoprary fill in job to last you until you had amassed enough property to retire in luxury on the proceeds.

My sons 13 year old mate wants to be a property investor when he grows up. No shit, his ambition is to buy shit tips and rent them out.

His mum and dad do it, they live in luxury so maybe he has a point.

But, he doesn't know that his mum and dad are up to their eyes in it. He doesn't wonder why his mum has applied to his school for a teachers aid position.
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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herbie
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Jimbo
19 Dec 2015, 10:21 PM
... he doesn't know that his mum and dad are up to their eyes in it ...
And here was I thinking it was love made the world go 'round ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Jimbo
19 Dec 2015, 10:21 PM
My sons 13 year old mate wants to be a property investor when he grows up. No shit, his ambition is to buy shit tips and rent them out.

His mum and dad do it, they live in luxury so maybe he has a point.

But, he doesn't know that his mum and dad are up to their eyes in it. He doesn't wonder why his mum has applied to his school for a teachers aid position.
You're just threatened a 13 year old is smarter than you. Sounds like the kid will do well.
Rastus2
19 Dec 2015, 08:50 PM

actually, it's not, I just don't care about my topo's as much as nit pickers such as yourself shopping trollie. :D

I am intrigued to know which of the following in your post you consider to be 'big words'. Your threshold for big words is obviously rather low... which does not surprise me.
The threshold is set low for you, not for me.

You demonstrated this nicely.
Jimbo
19 Dec 2015, 09:10 PM
A property "investor" is simply trying to exploit the fact that most young people can't afford to buy their own house. This is partly due to the fact that property "investors" helped create the problem in the first place. The majority use leverage to become property "investors".

A Gold buyer is paying with cash already earned and is merely trying to protect their buying power from currency debasement (outright theft).

Some people buy Gold hoping to make their fortunes, but historically, that has rarely happened. Most of the time, an ounce of Gold buys what an ounce of Gold used to buy, 5,10,50 or 100 years ago.

Plenty of investment is done with leverage. There's nothing wrong or different about this with houses compared to any other assets.

Anyone thinking gold will protect them from currency debasement has drunk the koolaid. The same stuff crazy ted had a big swig of right before he sold his house for gold.
Edited by Trollie, 20 Dec 2015, 09:06 PM.
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Rastus2
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Trollie
20 Dec 2015, 08:48 PM

The threshold is set low for you, not for me.

You demonstrated this nicely.


right, so you are unable to nominate exactly which of your words you consider 'big'.

okay, so you're not just an idiot, your a boasting idiot who can not identify what he was boasting about.

Well done shopping trollie. :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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Trollie
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Rastus2
20 Dec 2015, 11:01 PM

right, so you are unable to nominate exactly which of your words you consider 'big'.
All of them are too big for you as I've already said, let's not add reading comprehension to the list.
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Khaderbhai
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Wealthy Suburbanite

Gold is now back down to AUD $1540... the same price it reached in February 2009...

Posted Image

That's almost eight years going nowhere. How much is it down in real terms? Will it nosedive into the 1400s soon?

Edited by Khaderbhai, 16 Dec 2016, 12:51 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Foxy
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Zero is coming...

Khaderbhai
16 Dec 2016, 12:51 PM
Gold is now back down to AUD $1540... the same price it reached in February 2009...

Posted Image

That's almost eight years going nowhere. How much is it down in real terms? Will it nosedive into the 1400s soon?

The tail of two gold stocks,

I invested $50,000 into a gold stock, RDR, it found lithium, renamed NMT, sold it for $110,000 including dividend.
Invested $110,000 into KDR, yes i have to pay tax on that gain.
KDR was a little gold miner that found lithium, now that $110,000 is worth $660,000.

Your point?

Peter

And yes i have gold stocks that are down.

On balance i am up.

Oh,
Gold share 3, LSX, bought them and within 1 year they gave me all my money back plus a dividend of $60,000 I still own them.




Edited by Foxy, 17 Dec 2016, 12:53 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Simon_S
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Khaderbhai
16 Dec 2016, 12:51 PM
Gold is now back down to AUD $1540... the same price it reached in February 2009...

Posted Image

That's almost eight years going nowhere. How much is it down in real terms? Will it nosedive into the 1400s soon?

I wouldn't be surprised to see it go as far as $950 USD before we see the bottom.

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Terry
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Simon_S
16 Dec 2016, 01:08 PM
I wouldn't be surprised to see it go as far as $950 USD before we see the bottom.
Martin Armstrong said as low as USD700 in 2017. Like shaking a tree and watching monkeys fall out.
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