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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 (13,588 Views)
The Whole Truth
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Rastus2
12 Aug 2015, 11:23 PM
Shadow
12 Aug 2015, 11:14 PM
If this keeps up, it might crawl all the way back up to its 2009 nominal value, although even then in real terms it would still be 20% below its 2009 level. Winning!

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Your point ?
:lol

It's interesting how those that have shit loads of debt hanging around their necks (shadow, and his lap dog dolie) Care little for the uptick in the stock market or any other paper asset class, but when it comes to real money they absolutely shit their pants ever time it goes up and throw a party when it dips.

I know they are stupid for taking on so much debt right at the point in history when the entire world financial system is on the brink of collapse, but they are smart enough they realize that Gold is the enemy of rampant debt expansion, at least at a subconscious level.

Poor little shadow, investing with other people's money, hoping to win big with no plan B if property takes a hit. You know one day shadow the banks will stop rolling over the IO loans and insist payment of the principle. It's gotta happen one day...
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Rastus2
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Shadow
13 Aug 2015, 08:07 AM
Not quite. Sydney nominal prices rose between 2003 and 2011, whereas gold is down even in nominal terms since 2009.

And Sydney property provided a rental yield during those years, whereas gold provides zero yield.


Yes, and since 2009, that is what has happened to gold.
Do try to either stick to the discussion points... squirming in with nominal values to prove they rose is just the act of desperation from someone picking another 3 year period of nomiminal gold prices to compare it to is just pathetic.

We're you going out of your way to prove my point on you cherry picking or just so pavlovian you could not stop ?

Real sydney prices were flat over the 2003 to 2011 level... fact

10 wasted years



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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Shadow
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Evil Mouzealot Specufestor

Terry
14 Aug 2015, 01:25 AM
It's done better than gold in recent times.
So you're willing to compare gold with rice, and rice with property, but you would never dare to compare gold with property directly?
The Whole Truth
14 Aug 2015, 03:16 AM
Poor little shadow, investing with other people's money, hoping to win big with no plan B if property takes a hit. You know one day shadow the banks will stop rolling over the IO loans and insist payment of the principle. It's gotta happen one day...
Plan A has already won, so I have no need for plan B. And if the banks ever ask for me to pay principal on my IPs then I would simply redirect some of the spare rental income towards that.
Rastus2
14 Aug 2015, 08:03 AM
Real sydney prices were flat over the 2003 to 2011 level... fact
That's still better than gold since 2009 because...

1. Nominal Sydney prices rose 19% from 2003 to 2011. Leveraged at a typical 80% LVR, this is a return of 95% (well above inflation).
2. Gold actually FELL in both real terms and nominal terms between 2009 and today
3. Gold provided no income / yield during that period, whereas property provided rental income
Edited by Shadow, 14 Aug 2015, 08:35 AM.
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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Rastus2
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Shadow
14 Aug 2015, 08:24 AM

rant, waffle, Rand
%**&^%*&
houses are better than any other asset, let me use cherry picked stats to prove it

rant, rant, rant,

Twist, cherry pick, rant

:re:

Same old tricks, Same broken record, same inability to take the caution you dish out when using real terms or cherry picking time frames and venting anger when being exposed as holding double standards




Edited by Rastus2, 14 Aug 2015, 11:20 AM.
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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Shadow
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Rastus2
14 Aug 2015, 11:16 AM
Spot the difference...

Same old tricks, Same broken record, same inability to take the caution you dish out when using real terms or cherry picking time frames and venting anger when being exposed as holding double standards
That's your best response? Weak. Very weak.
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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Rastus2
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Shadow
14 Aug 2015, 11:20 AM
That's your best response? Weak. Very weak.
a weak response is all that is required for a very weak, cherry picked, claim. :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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Shadow
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Rastus2
14 Aug 2015, 11:21 AM
a weak response is all that is required for a very weak, cherry picked, claim. :D
I just expected more from you than abuse and ad hominems. You didn't even try to address the points I raised. Oh well, never mind.
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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Rastus2
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Shadow
14 Aug 2015, 11:23 AM
I just expected more from you than abuse and ad hominems. You didn't even try to address the points I raised. Oh well, never mind.

abuse - lol

Either your threshold for abuse is positively sub-atomic in magnitude, or, more likely, as soon as you are caught out doing your old tricks, you cry foul in the hope it will distract from your games.

ad hominems -

Well the facts are as they stand... it is not ad hominems, simply a mirror for you to observe your actions.

I addressed the 'points you raised' with the due diligence required of them... considering they were simply yet another extension of cherry picking, they did not require, nor deserve anything other than exposure to the sunlight for what they were.



Edited by Rastus2, 14 Aug 2015, 04:18 PM.
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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Shadow
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Evil Mouzealot Specufestor

More abuse and ad hominems?

I'll remind you of the facts I posted. And the Sydney dates were chosen by yourself, so I'm not sure why you're accusing me of 'cherry picking'...

Between 2003 and 2011 (the dates you selected) Sydney property performed better than gold has done since 2009, because...

1. Nominal Sydney prices actually rose 19% from 2003 to 2011. Leveraged at a typical 80% LVR, this is a return of 95% (well above inflation).
2. Gold has FALLEN in both real terms and nominal terms from 2009 until today
3. Gold provided no income / yield during that period, whereas property provided rental income

Let's see if you can respond in a more mature manner this time.
Edited by Shadow, 14 Aug 2015, 04:55 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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Andrew Judd
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Terry
14 Aug 2015, 12:25 AM
I hardly think you and the suburbanites going to be investing in rice. And why would you?
Why do you have to maintain this strangeness about white shoes mice and suburbanites?

What is the problem?
Edited by Andrew Judd, 14 Aug 2015, 05:09 PM.
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