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Gold Smash Leads to Surge in Demand For Coins, Bars Around World; Another buying window. Property investors need not apply
Topic Started: 24 Jul 2015, 11:56 AM (13,590 Views)
Terry
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Shadow
13 Aug 2015, 09:08 PM
But substantially less relevant than house prices.
House prices might be more relevant to the suburbs, but myopia is usually why the inhabitants don't know what's going on. Hence, ridiculous comparisons between house prices and the gold price.
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Shadow
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Evil Mouzealot Specufestor

Terry
13 Aug 2015, 09:12 PM
House prices might be more relevant to the suburbs, but myopia is usually why the inhabitants don't know what's going on.
They know about the things that are important to them. No point filling your head with useless irrelevant information. The ablity to waffle about p-values and regression serves no purpose in the real world.

Terry
13 Aug 2015, 09:12 PM
House prices might be more relevant to the suburbs, but myopia is usually why the inhabitants don't know what's going on. Hence, ridiculous comparisons between house prices and the gold price.
Why is it ridiculous to compare the performance of property vs gold?
Edited by Shadow, 13 Aug 2015, 09:23 PM.
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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Terry
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Shadow
13 Aug 2015, 09:19 PM
They know about the things that are important to them. No point filling your head with useless irrelevant information. The ablity to waffle about p-values and regression serves no purpose in the real world.


Why is it ridiculous to compare the performance of property vs gold?
Well why not rice, iron ore, milk powder or coal? Are they not relevant to the national wealth and house prices?

Yes, regression has no relevance to you and many other suburbanites, even if they're used in other "real worlds."
Edited by Terry, 13 Aug 2015, 09:27 PM.
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Shadow
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Terry
13 Aug 2015, 09:24 PM
Well why not rice, iron ore, milk powder or coal? Are they not relevant to the national wealth and house prices?
My question was... 'Why is it ridiculous to compare the performance of property vs gold?'.

You didn't answer it. Instead, you asked me a question about something else. Are you unable to answer the question I asked?
Edited by Shadow, 13 Aug 2015, 09:37 PM.
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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Terry
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Shadow
13 Aug 2015, 09:37 PM
My question was... 'Why is it ridiculous to compare the performance of property vs gold?'.

You didn't answer it. Instead, you asked me a question about something else. Are you unable to answer the question I asked?
Simple. The backbone of wealth generation in Australia is housing whereas gold is not. The diverge between house prices and commodity prices is far more interesting considering that we are a commodity producer and hence our national livelihood is more reliant on commodities as a whole.
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peter fraser
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Quote:
 
Global Gold Demand Drops 12% in Second Quarter
Link

Global demand for gold plummeted 12% to a six-year low in the second quarter, as vital buyers in Asia lost their appetite for the metal, the World Gold Council said Thursday.

Demand for the precious metal weighed in at 914.9 tons between March and June of this year, down from 1,038 tons during the same period in 2014, according to the industry body’s latest Gold Demand Trends report.

The price of gold for immediate delivery has been under pressure since it hit a peak of $1,920.94 a troy ounce in September 2011, falling more than 40% as production outstripped demand and inflation stayed mainly low, taking away a usual prop for the precious metal, among other factors. Gold prices ended the quarter down 3%.




“This has actually been a challenging quarter; you’ve [the] evidence in the data,” said Alistair Hewitt, head of market intelligence at the London-based World Gold Council.

The decline came as global demand for jewelry fell by 14% in the second quarter to 513.5 tons, compared with 594.5 tons the year before. Jewelry makes up about 60% of global gold consumption.

A rise in equity purchases and expectations of a rate increase by the Federal Reserve sapped global demand for gold, an asset that doesn’t pay interest and struggles to compete with other assets that offer a return and are deemed safe, like U.S. Treasury bonds.

Any expressed market opinion is my own and is not to be taken as financial advice
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Terry
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Well that's really useful.....gold demand in Q2 2015.....after China and Asian countries look to devalue their currencies. Smart.
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peter fraser
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Terry
13 Aug 2015, 10:43 PM
Well that's really useful.....gold demand in Q2 2015.....after China and Asian countries look to devalue their currencies. Smart.
Q2 was before China devalued the Yuan.

Any expressed market opinion is my own and is not to be taken as financial advice
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Terry
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peter fraser
13 Aug 2015, 10:53 PM
Q2 was before China devalued the Yuan.
Yes it is. And pretty much after the demise of a whole swag of commodities. Duh.
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peter fraser
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Terry
13 Aug 2015, 11:08 PM
Yes it is. And pretty much after the demise of a whole swag of commodities. Duh.
That point in no way supports your earlier statement.

I think that you need a new and much smarter sock. This one can't keep up.
Any expressed market opinion is my own and is not to be taken as financial advice
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