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Gold easing down
Topic Started: 11 Sep 2014, 09:57 PM (11,432 Views)
Jimbo
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peter fraser
16 Oct 2014, 10:21 AM
Actually that is just woeful advice in almost any market. Transaction costs beat you unless the market correction is extreme.

Exactly..
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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Frank Castle
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Business As Usual

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Nightowl
Frank that data has no link?

On the house - look for yourself
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And looks cherry picked to me.

How would you know, you havent looked and are making shit up as you go
I stated clearly in the pic that it is property above $100k weeding out the worst of the flood affected, those where they actually get water in living areas, which clearly mine are not - not even close.
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From what I have read of your posts here you buy only buy the very cheapest properties correct?

Very cheapest ? no - far from it - I suggest you try reading again.
Best yield and best land content for future dev.
High price properties are the ones in new developments and the developer and builder reaps the rewards there.
That would be someone like me - selling to an idiot like you. ;)
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That would imply you bought the ones most susceptible to flooding, correct?

Incorrect - the ones in flood are the least flood affected in the area and they only make up a small % of what I have
Most others are lowset brick and tile that I built - the fact that they are low set brick and tile dictates that they are not in flood and never have been.
I suggest you try reading again
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Not trying to put you down as a complete fraud Frank but your post looks a little, shall we say,

But you are - you are very transparent and quite clearly clueless.

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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 its not the cheapest part of Rockhampton - that would be east depot hill and into port curtis where it actual floods enough to damage houses.
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But this is a gold thread, so lets try and keep it on topic shall we.

Perhaps you and your moronic mates shouldn't keep bringing up property in gold threads then.
Does that make sense dickhead :re:
peter fraser
16 Oct 2014, 10:21 AM
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.


Indeed :tu:

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Thanks Peter
Given that Aldershot is in Marybourough and has always been a bit of a dud
and Clermont is a coal town and we know how they go (just ask Ted the forum fail :lol )
Depot Hill at #3 in a major regional, surrounded by industry, walking distance to the CBD is looking pretty good.

I keep seeing similarities between New farm and West End of old - both of which flood , both of which were frowned upon back in the day as they were lower socioeconomic areas yet both are walking distance to the CBD and are now worth close to or more than a Million for old Qlders on decent blocks.
Times change.
And if it doesn't get there, who cares - the yield if great and one day I would be happy to live there myself - walking distance to some of the best steaks QLD has to offer , walking distance from new cafe's and restaurants and walking distance from a river full of mud crabs and barramundi.
Edited by Frank Castle, 16 Oct 2014, 11:13 AM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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doubleview
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Jimbo
14 Oct 2014, 04:44 PM
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.
Gold and silver are down because bonds are now paying higher than Inflation rates, making them a better safe haven for the rich.

When ever 10 Year bond rates are higher than Inflation and are rising, assets like commodities do bad!

The opposite is true as well, if bond rates are getting to low and trending down ward, assets take off, this can be seen by comparing a chart of real realized rates to gold or silver.

You could say that..... moving these rates is Manipulating the Price of PMs, and it is, but the biggest crime is, when 10 year Bond rates get lower than Inflation.

It causes a crisis.

Physical buying is the only support for the gold market @ present!

Whilst bond rates keep heading up, PM's will keep heading down, it really is that simple!
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Sydneyite
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doubleview
17 Oct 2014, 09:22 AM
Whilst bond rates keep heading up, PM's will keep heading down, it really is that simple!
Have you looked at the 10 year bond action (both US and Oz) over the last few days?
For Aussie property bears, "denial", is not just a long river in North Africa.....
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doubleview
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Sydneyite
17 Oct 2014, 09:32 AM
Have you looked at the 10 year bond action (both US and Oz) over the last few days?
Yes Watch it very closely!

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Bond
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doubleview
17 Oct 2014, 09:22 AM
Gold and silver are down because bonds are now paying higher than Inflation rates, making them a better safe haven for the rich.

When ever 10 Year bond rates are higher than Inflation and are rising, assets like commodities do bad!

The opposite is true as well, if bond rates are getting to low and trending down ward, assets take off, this can be seen by comparing a chart of real realized rates to gold or silver.

You could say that..... moving these rates is Manipulating the Price of PMs, and it is, but the biggest crime is, when 10 year Bond rates get lower than Inflation.

It causes a crisis.

Physical buying is the only support for the gold market @ present!

Whilst bond rates keep heading up, PM's will keep heading down, it really is that simple!
If the Central Banks wanted inflation they know how to do it.

Simply tell the govts to lower taxes and maintain government expenditure levels and print the difference rather than go through the sham of issuing interest bearing government securities. Also known as QE for Bogan Road or QE for the People.

The problem of course is that it is very hard to control inflation in a system where the banking sector can pump out new money at will in response to a rise in ‘animal spirits’. This is the real reason why QE for Struggle Street is risky. If the government tries it WITHOUT cutting the banks out of the money creation business the process could run out of control like 3 mile island.

The point of Ye Olde QE is, as you say, to pump asset prices so as to encourage people to borrow money from banks and pay interest albeit at bait rates.

The reason they keep trying something that doesn’t work (because most people are getting reluctant to tank up on more debt) is because their ideology tells them this is the only option.

Why else would they embrace only a specific type of ‘bank debt friendly’ QE if they were seriously worried about a deflationary bust.

With more money in their pockets most people will spend it.

Doesn’t mean they are richer but they will sure act like they are.
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peter fraser
16 Oct 2014, 10:21 AM

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.
Pedro it is then, probably should be peddler. :D You can call me whatever you like Peter .

Good to see your not holding to much office space Peter. It would be better in the housing market up there than office space right now. Looks like some little gains heading your way for a change, and while everything else appears to be slowing up. How are housing rents looking up there right now? Looking snotty elsewhere.

Your 20% return says a lot to me about the property, but I will refrain from elaborating.

I'm not holding much gold Peter, last gold purchase, was about a year or more ago, by accident, came across a rare 1852 Adelaide pound in a deceased estate. Picked it up for just under 10k.

No Peter, your excuse for humour does not offend me in the slightest.

My IP pays rent Peter, will be all paid off next week, have to sign discharge and pick up my title deed from the nearest bank branch once sent.

Another one paid off, my unencumbered house proceeds are also still going along nicely thank you Peter. You know I don't lie Peter, and will admit I struggled to keep up for a while , but am now probably back on par, its a bit hard to say the exact price, but with prices now looking to slow and then drop, I will start pulling ahead further.

I feel I am now very well positioned and right where I want to be Peter. Its about diversification, deleveraging and keeping your opportunies open.As I told Timmy not long before his departure, I feel an overwhelming sense of power .But that's pretty hard to explain to somebody that only knows about piling all there eggs into the one basket, Brisbane. Who is leveraged to the hilt and pays interest only loans.

And to be honest ,I dont see that girl very often these days, but could ring up tommorow and go and stay the night, probably been two months at least, more like three. But I am actually heading north in the morning at the crack of dawn, well pretty early hopefully, in a car older than myself, that sounds absolutely beautiful, and gives me a grin from ear to ear evrytime I drive it. Oh yeh , I was going to see this other girl I have been seeing for a bit over a year now, that's why I'm headed north, and gives me an excuse to get my car out and get away for a couple of days.

But thanks for your concerns Peter, believe it or not, I'm doing ok to put it mildly. I'd put another smiley face here,but as a guest I think I'm only allowed so many
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