Gold is like anything. There is a time to own Gold and there is a time to stay away.
It is not the asset class that makes the money. It is the timing of the buy and sell.
I own Gold now and I will have to wait to see if my timing was right. I could sell today and realise a $5 AUD an ounce gain. Considering the rollercoaster Gold has been on for the last month, I am surprised that it is up and up enough to cover the buyers premium with a small profit.
But like I said, anyone can buy a house or mining shares or commodities. Buying stuff is easy and requires zero skill. Selling stuff is pretty easy as well. Choosing the right time to buy and sell is the hard part.
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.
But like I said, anyone can buy a house or mining shares or commodities. Buying stuff is easy and requires zero skill. Selling stuff is pretty easy as well. Choosing the right time to buy and sell is the hard part.
And when you buy gold as a far off retirement hedge, as most small investors do (see silverstackers) you are at complete peace because the effects of the broader economy don't threaten it. It doesn't matter where interest rates go, if there is recession or boom, if the stock market crashes or even if your nation is invaded by a foreign power like we see in europe today. In fact most of these calamities are actually good for the value of your asset. It's no wonder gold has been the choice hedge investment of the rich for 5000 years.
Some will point to the risks of holding it as far as theft is concerned and I always chuckle when I read such comments. It makes me wonder if there are any real men left in the world? Men who can actually think for themselves and truly trust their own judgment. Or have they all been so neutered by a banking system that has convinced them that they can't even be trusted walking in the world with cash in their pocket and instead should carry plastic cards lol.
Will you be posting today's gold graph Pedro, I mean Peter...
Do you have any on brisbane office vacancy rates ?
Or what about Brisbane prices since 2010 ? Since we dropped rates to the lowest in thirty years and then dropped them again to the lowest in history.
You should of bough gold Peter, you might of made some money for once.... How long have you been in the property market Peter ? How has gold gone compared to Brisbane prices over that time.
Why do you always post a gold graph when the prices drops a little after having a good run up Peter, but never when it goes up or surges up.
Do I detect a hint of angst here Peter. Frank Castle is another gold poster, even posts a cheery picked graph up here as a guest yesterday, as another quest called him out for cherry picking. But franks depot hill ips have gone down 25% since the ten years he has been paying interest only, in the ten years he bought that junk and lost money continually, gold is up around 300%.. Angry man frank............ We underrtand why you do this and are so angry, but it only spells out the obvious here. How you guys bought Into rubbish and missed out on some decent gains for once in your life and have missed the boat again on something.
I have managed my risks by dumping all of my stocks and property in June and going to cash and Gold (around 10%). I have some long held UST's which I am continuing to hold.
Let's see what happens over the next six months...(or the next few days maybe).
You clever bugger you.
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.
But franks depot hill ips have gone down 25% since the ten years he has been paying interest only, in the ten years he bought that junk and lost money continually
Just remember, facts are facts......
Just remember, facts are facts eh?
Here are the facts you loser...
You can see clearly that properties in that suburb over the last 10 years have gone UP not down you fken retard
Not to mention the CASH they pay every week in actual YIELD - something an amatuer like you would know nothing about.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Frank that data has no link? And looks cherry picked to me. From what I have read of your posts here you buy only buy the very cheapest properties correct? That would imply you bought the ones most susceptible to flooding, correct? Not trying to put you down as a complete fraud Frank but your post looks a little, shall we say, the best case scenario for results in a suburb in the cheapest part of Rockhampton.
But this is a gold thread, so lets try and keep it on topic shall we.
You can see clearly that properties in that suburb over the last 10 years have gone UP not down you fken retard
Frank,
As a favour I will offer you a simple bit of advice.
Liquidate your assets and go to cash.
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.
As a favour I will offer you a simple bit of advice.
Liquidate your assets and go to cash.
Actually that is just woeful advice in almost any market. Transaction costs beat you unless the market correction is extreme.
Frank has invested his money for yield, and in Depot Hill yield is strong. Given that he has held there for a long time he is probably getting much better than 20% on his invested dollars, and that's not bad.
Will you be posting today's gold graph Pedro, I mean Peter...
Do you have any on brisbane office vacancy rates ?
Or what about Brisbane prices since 2010 ? Since we dropped rates to the lowest in thirty years and then dropped them again to the lowest in history.
You should of bough gold Peter, you might of made some money for once.... How long have you been in the property market Peter ? How has gold gone compared to Brisbane prices over that time.
Why do you always post a gold graph when the prices drops a little after having a good run up Peter, but never when it goes up or surges up.
Do I detect a hint of angst here Peter. Frank Castle is another gold poster, even posts a cheery picked graph up here as a guest yesterday, as another quest called him out for cherry picking. But franks depot hill ips have gone down 25% since the ten years he has been paying interest only, in the ten years he bought that junk and lost money continually, gold is up around 300%.. Angry man frank............ We underrtand why you do this and are so angry, but it only spells out the obvious here. How you guys bought Into rubbish and missed out on some decent gains for once in your life and have missed the boat again on something.
Just remember, facts are facts......
DOH....
Ted you can call me Pedro, some of my friends do. I also get Pietro from my Italian friends. I haven't checked the gold price this morning but if it's had a reprieve then good for you.
Is it OK if I call you "Roo Ted" seeing we are Aussies?
I only own one office these days Roo Ted and I can easily sell that if I choose, and it's fully rented earning me about 20.57% on the original buy price.
I think that I'll survive. How much rent does your gold pay you Ted.
PS whatever happened to your own commercial property and million dollar house in Sydney? Did you lose them to the chick next door?
PPS - Hope my sense of humour hasn't offended you.
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