Welcome Guest [Log In] [Register]


Reply
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 (13,583 Views)
Trollie
Member Avatar


The Whole Truth
17 Aug 2015, 07:28 AM
As I have said often bere, Gold is not for the little people, they have been herded into debt and residential houses. It's the preserve of the wealthy, and those that would emulate them.
Your delusions of grandeur are always entertaining. At least Stan wasn't as dumb as you and bought and holds physical gold and all the costs that come with it.

Gold has been slaughtered and is a few years into a multi-decade bear market, but you just keep lapping it up like a total lemming.

Posted Image

If only you didn't buy at the peak hey bro :bye:
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Trollie
17 Aug 2015, 08:32 PM
Your delusions of grandeur are always entertaining. At least Stan wasn't as dumb as you and bought and holds physical gold and all the costs that come with it.

Gold has been slaughtered and is a few years into a multi-decade bear market, but you just keep lapping it up like a total lemming.

Posted Image

If only you didn't buy at the peak hey bro :bye:
If commodity prices reflect dumbness, there seems to be much stupidity around.

Posted Image
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


Trollie
17 Aug 2015, 08:32 PM


If only you didn't buy at the peak hey bro
It's your dream isn't it dolie. That everyone that ever bought gold did it in a 6 month window at the intermediate top. I'm afraid you are quite wrong. I know a few goldbugs and they got in well below $1000 and were definately not buying as the price went up to those lofty heights. Today it's over $1500 and the average goldbug is sitting pretty.

How's those mining shares going? Not so good hey, you really got sucked in there :lol
"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
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

The Whole Truth
18 Aug 2015, 09:37 PM
Quote:
 
If only you didn't buy at the peak hey bro
I know a few goldbugs and they got in well below $1000 and were definately not buying as the price went up to those lofty heights.
Sure, you might know a few relatively smart goldbugs, but the point is that YOU were still buying between $1500 and $1800, and Crazy Ted piled in at the peak as well.
Edited by Shadow, 18 Aug 2015, 10:08 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.
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


Not me shadow, I wasn't even looking at gold as it approached $1500. You are obsessed with the idea that everyone who bought gold did so at the peak and has lost money as a result but it's only your own private delusion.

You missed the biggest bull market of the decade shadow and instead chose sydney RE which languished for years afterward. Let's face it, you're a shit investor. You may as well signed your ppor over to a bunch of monkeys. They would have done better :lol
"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
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

The Whole Truth
20 Aug 2015, 10:01 AM
Not me shadow, I wasn't even looking at gold as it approached $1500...
http://australianpropertyforum.com/single/?p=8360965&t=9773274
'Yes I bought gold, a lot of gold. From 2004/5 till 2011. Was I smart to do this? No' -- FrankRider/Goldbug/TWaT, November 2012

http://australianpropertyforum.com/single/?p=8381080&t=8156927
'I for one bought some more silver this week, no point letting the money ile up in the bank and get destroyed by inflation' -- FrankRider/Goldbug/TWaT, February 2013

http://australianpropertyforum.com/single/?p=8390782&t=9854404
'I also bought a little platinum at about $1600' -- FrankRider/Goldbug/TWaT, April 2013

Gold was over $1800 in 2011. Down to $1540 today.

Silver was at $30 in Feb 2013. Down to $20 today.

Platinum is down to $1330 today.

Lucky you didn't let your money lie in the bank and get destroyed by inflation, eh? Better to put it into gold and silver and have it totally smashed by deflation. :lol
Edited by Shadow, 20 Aug 2015, 11:48 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.
Profile "REPLY WITH QUOTE" Go to top
 
b_b
Default APF Avatar


The Whole Truth
17 Aug 2015, 07:28 AM
Billionaire Stanley Drucknemiller Loads Up On Gold, His Largest Position For First Time Ever

... following Friday's filing by the Duquesne Family Office, we learned that as of the end of Q2, the largest position for Stanley Druckenmiller was none other than gold, following the purchase of 2.9 million shares of the GLD ETF shares. In other words, as of this moment, gold amount to over 20% of Druckenmiller's total holdings.
http://www.zerohedge.com/news/2015-08-16/billionaire-stanley-drucknemiller-loads-gold-makes-it-his-largest-position-first-tim

As I have said often bere, Gold is not for the little people, they have been herded into debt and residential houses. It's the preserve of the wealthy, and those that would emulate them.
Yes - the wealthy buy gold to preserve wealth. But not this guy...... he is just another one of the "little people" ....

Posted Image

Quote:
 
1. "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

2. "The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you….it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time."

3. "Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn't produce anything."

4. "I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today's market prices about $7 trillion – that's probably about a third of the value of all the stocks in the United States…For $7 trillion…you could have all the farmland in the United States, you could have about seven Exxon Mobils (NYSE:XOM) and you could have a trillion dollars of walking-around money…And if you offered me the choice of looking at some 67 foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally…Call me crazy, but I'll take the farmland and the Exxon Mobils."

5. "The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end."

6. "What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while."

7. "I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (NYSE:KO) will be making money, and I think Wells Fargo (NYSE:WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that."

Read more: http://www.minyanville.com/trading-and-investing/commodities/articles/Warren-Buffett-brka-gold-investing-investing/10/3/2012/id/44617#ixzz3jJJBFc55
Edited by b_b, 20 Aug 2015, 11:44 AM.
(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


Every time you bulls are grasping at straws you pull out this stooge buffett, it's all you have isn't it.
Buffett Buffett Buffett ...

Find something new will ya. He's deep in with the bankers and government, of course he's anti gold in the press. What he does with his private accounts is another matter.

"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
Profile "REPLY WITH QUOTE" Go to top
 
b_b
Default APF Avatar


The Whole Truth
20 Aug 2015, 05:37 PM
Every time you bulls are grasping at straws you pull out this stooge buffett, it's all you have isn't it.
Buffett Buffett Buffett ...

Billionaire Stanley Drucknemiller Loads Up On Gold, His Largest Position For First Time Ever

:lol
Hypocrite
(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


b_b
20 Aug 2015, 06:13 PM
Billionaire Stanley Drucknemiller Loads Up On Gold, His Largest Position For First Time Ever

Hypocrite
I don't recall Stanley Drucknemiller ever being trotted out here before? Certainly not as a gold mouthpiece.
You are grasping at straws
Trollie
17 Aug 2015, 08:32 PM


Gold has been slaughtered and is a few years into a multi-decade bear market, but you just keep lapping it up like a total lemming.
And while you spent the last week telling all of us how it has crashed and in a bear market it has risen $100 an ounce. You do realize what an idiot that makes you appear don't you?

But relax dolie, I'll let you off the hook. You don't actually believe what you say I know. The simple fact is you missed the bull and now even if you could afford it you haven't got 2-Bob to rub together too buy in. Two weeks ago I a read a story about how the hedge funds net net were short gold for the first time. It was a huge contrary indicator. Of course you wouldn't be told when they reversed their positions, which can be done with the click of a mouse. :lol

You'll know this song dolie, it's from your idol rolf harris :)

Dolie and rainbow,

Two little boys with too little dicks
Each tugging till he was blind

Gaily they played each summer's day
Tugging and tugging and tugging

One little chap then had a mishap
He flogged so much his hand fell off

As he Wept for his loss and cursed his bad Joss
Rainbow pulled down his pants

Don't cry little timmy come and stick in ya Willie
There's room between my legs for two.


Edited by The Whole Truth, 22 Aug 2015, 12:43 AM.
"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
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy