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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 (13,589 Views)
Terry
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peter fraser
13 Aug 2015, 11:27 PM
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.
And what statement is that Dante? That demand for gold in Q2 is somehow irrelevant in the current bout of currency devaluation?
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Shadow
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Terry
13 Aug 2015, 10:21 PM
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.
Why does that make it 'ridiculous' to compare the performance of property against gold (or other asset classes)?

Do you keep a matrix of asset classes documenting which ones you permit yourself to compare to which others?

Do you allow yourself to compare property vs shares? Gold vs shares? Shares vs commodities? Silver vs cash? Cash vs bonds?

Or is property vs gold the only pair whose performance you will never compare?
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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peter fraser
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Terry
13 Aug 2015, 11:30 PM
And what statement is that Dante? That demand for gold in Q2 is somehow irrelevant in the current bout of currency devaluation?
Demand for gold in China in Q2 is not related to a currency devaluation in Q3, except if investors knew that the devaluation was coming, in which case the demand for gold in Q2 would have increased, not decreased.
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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Shadow
13 Aug 2015, 11:30 PM
Why does that make it 'ridiculous' to compare the performance of property against gold (or other asset classes)?

Do you keep a matrix of asset classes documenting which ones you permit yourself to compare to which others?

Do you allow yourself to compare property vs shares? Gold vs shares? Shares vs commodities? Silver vs cash? Cash vs bonds?

Or is property vs gold the only pair whose performance you will never compare?
First of all, the drivers of the price of each are fundamentally different. Unlike asset classes such as shares and cash. Duh.

Secondly, cash and shares are likely to be more obvious investments in the suburbs than gold.

Decisions are now made to by houses or gold based on comparative trade offs. It's stupid.
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Shadow
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Terry
13 Aug 2015, 11:52 PM
First of all, the drivers of the price of each are fundamentally different. Unlike asset classes such as shares and cash. Duh.

Secondly, cash and shares are likely to be more obvious investments in the suburbs than gold.

Decisions are now made to by houses or gold based on comparative trade offs. It's stupid.
Nice waffle, but you still haven't answered the questions.

Let's leave it at this... I will continue to compare the performance of property against gold or any other asset class. If you dare not perform such comparisons yourself, that's fine.

Personally, by refusing to compare the performance of property vs gold, I think you're going to limit your insight into the relative performance of asset classes, but it's up to you.
Edited by Shadow, 13 Aug 2015, 11:58 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, 11:57 PM
Nice waffle, but you still haven't answered the questions.

Let's leave it at this... I will continue to compare the performance of property against gold or any other asset class. If you dare not perform such comparisons yourself, that's fine.

Personally, by refusing to compare the performance of property vs gold, I think you're going to limit your insight into the relative performance of asset classes, but it's up to you.
OK good. No point bothering with commodities too. Just a pain in the ass if you rely on them for your livelihood.
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Shadow
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Evil Mouzealot Specufestor

Terry
14 Aug 2015, 12:13 AM
OK good. No point bothering with commodities too. Just a pain in the ass if you rely on them for your livelihood.
Commodities too? OK, so that's property, gold and commodities that you refuse to compare.

Is there anything that you will allow yourself to compare?
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
14 Aug 2015, 12:20 AM
Commodities too? OK, so that's property, gold and commodities that you refuse to compare.

Is there anything that you will allow yourself to compare?
I hardly think you and the suburbanites going to be investing in rice. And why would you?
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Shadow
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Evil Mouzealot Specufestor

Terry
14 Aug 2015, 12:25 AM
I hardly think you and the suburbanites going to be investing in rice. And why would you?
Is the performance of rice the only thing you're willing to compare with property?
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
14 Aug 2015, 01:21 AM
Is the performance of rice the only thing you're willing to compare with property?
It's done better than gold in recent times.
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