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A Thread About Gold; Why Not Have Another Thread About Gold
Topic Started: 16 Aug 2015, 05:38 PM (5,969 Views)
Tick Tock
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Poontang
16 Aug 2015, 09:41 PM
I don't consider myself a goldbug nor anti property/fiat currency.

I'm a realist. How many properties in Australia? How many people? Foreign ownership as well, how many people can own multiple properties in Australia before we run out of properties? EDIT: Properties available for investment purposes.


Property can not be the be all and end all of investing. Diversification has to be part of an investment portfolio.

I don't own any gold and certainly have no inclination to hoard precious metals.

As shadow pointed out in another thread Gold outperformed Sydney property over a recent period. I think over this decade gold will again outperform. I have a portfolio that holds a few ASX300 listed Australian Gold Mining Companies as a leveraged position to the price of gold.

Have purchased property 56 kilometres from Melbourne, not seeking capital growth but a lifestyle choice.

Some here think gold has had its day in the sun and it's all over for gold with further falls to come and a long period in the doldrums.

Others think it is in a lull before its next leg up and others don't care one way or the other.

I think Gold has upside potential over the next 5 years or so, especially in AUD terms. I am not in the prices to the moon, >$5000AUD camp though. $3k I would not rule out.

All depends on what happens with the U.S gov and The Federal Reserve?

If they go broke there will be nothing left except Precious Metals???

Federal Reserve will be in 20 Trillion dollars of debt by 2020!!!
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Matthew
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Quote:
 
I have 10% of my net worth in Gold.
so you have what? 3 ounces or 4?

Quote:
 
But according to people I am a nutter?
You are a nutter Jimbo. Not because you 3 or 4 ounces of gold, but because you are clearly a pathological liar with more holes in your story than the standard flyscreen. You are a racist and a mysoginist who has sold his home to make a quick exit from Perth despite being the major shareholder of company with a fake balance sheet stronger than BHP's. You are the only person in the world who can buy lounge access with Frequent Flyer points who then became lifetime gold all in 2 posts of one lie. You are the only person who considers selling in a suburb whose value has since risen, only to rent in the same suburb winning. You are the only person who thinks that a spreadsheet tracking property listings somehow contributes to revenue generated by hypothetical and fictional USD investments. And you are also the only person who considers Warnbro one of the best places to live.

You are a nutter Jimbo. Lying fucking nutter at that.

Quote:
 
Wibble wobble woo.
Funnily enough mate, that is the most sensible thing you have ever posted.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Terry
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Gold threads are good. If you own gold or are a "goldbug" and you can't handle prodding and poking, you shouldn't own gold in the first place. Yes, trolls are like seagulls: they fly in, shit all over the place, and fly away. So what? Let them do their thing.

Gold is not a threat nor does it represent Armageddon. The majority of gold trading is not done by goldbugs nor by gold traders. It's done by financial traders.

Gold is target commodity that enables people to make trucks of money, just like real estate, bubble or no bubble.
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The Whole Truth
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I think some hyperactive goldbugs must have passed through the forum a few years back and ranted to the property speculators about how stupid they were and how smart the goldbugs were. It's the only explanation for the fact that gold is so hated here.
Well not the only possible explanation...

Gold is the only asset you could have passed on 5000 years ago to your heirs and see it still holding its value. Forget the title to any Egyptian RE, that ownership vanished thousands of years ago, many times over I imagine. And that's what makes gold so attractive to wealthy people I think, It's immune to collapses in company stocks, immune to changes of government systems. If you were a landholder in Rhodesia before the dictator changed it to Zimbabwe then you had about 2 years before you lost the lot.

Sure, land is generally ok, but it's no guarantee like gold is. And considering the current preferred method of mass ownership of property, the cheap-oil suburban
experiment that is only 80 odd years old, well anything can happen to that in the next 20 or 30 years. If you think about it honestly, it can all collapse in value if there is a big migration to the countryside because of a collapse in food production globally, or a failure of governments to properly service the big cities due to expensive energy and infrastructue costs. That has happened dozens of times in history and just having ipads doesn't make us immune. Personally I think it makes us more susceptible. Our brand of civilization is overly complex, a simple blackout of power or the internet for a few days can cause massive chaos.

Does it make sense then to have a small proportion of your wealth in a highly portable easily transactionable form? You'd be an idiot not to!

Plenty of idiots here :lol


Matthew
16 Aug 2015, 11:16 PM
Quote:
 
Jimbo: "I have 10% of my net worth in Gold."


Posted Image
feel better now mattie?
No, I didn't think so...

It's all that debt choking you isn't it? Never mind, go curl up to that fat smelly wife of yours and tell her all you're troubles because you'll sure as shit get no sympathy here on the forum.
Edited by The Whole Truth, 16 Aug 2015, 11:42 PM.
"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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Shadow
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The Whole Truth
16 Aug 2015, 11:29 PM
I think some hyperactive goldbugs must have passed through the forum a few years back and ranted to the property speculators about how stupid they were and how smart the goldbugs were
Yeah, there were a few idiots here around 2012. They called themselves FrankRider, Goldbug, Ted Bullpit, Dave 289 and a few other nicks. They kept telling us gold was going to go to the moon and house prices were going to crash. Ted said gold would hit $5000 in 2012. Then gold crashed and property boomed so they ditched those socks pretty fast. They still post here, but using new socks now.
Edited by Shadow, 16 Aug 2015, 11:48 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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The Whole Truth
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Hey! Still stalking me across the forum shadow investor. Looks like I really am stuck in your craw now :lol
The truth, the whole truth, that is your enemy shadow. The enemy of all the bullshit statistics, and the killer of the hope you'll escape the global collapse in credit about to wipe away your notion of a happy retirement. Yes the truth is the ememy of all who would live in the La La land of the last 47 years. ( minus the last 7 that is )
"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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Shadow
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Evil Mouzealot Specufestor

The Whole Truth
16 Aug 2015, 11:54 PM
Hey! Still stalking me across the forum shadow investor.
Yes, and I'll pop around later for a few drinks. I'll bring pizza.
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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Matthew
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The Whole Truth
16 Aug 2015, 11:29 PM
feel better now mattie?
No, I didn't think so...

It's all that debt choking you isn't it? Never mind, go curl up to that fat smelly wife of yours and tell her all you're troubles because you'll sure as shit get no sympathy here on the forum.
No debt choking me bitch. Are you disappointed your desire for property to halve in value affording you the opportunity to enter the market? Seems apparent you are just another dumb cu.nt unable to grasp your insignificance.

And my wife is not fat nor smelly, but I will give you credit - I have not seen a more childish or pathetic taunt since I was 7 years old. Good work pathetic c.unt

If you think shit like this will stop me posting you are sadly mistaken.

Go fuck. yourself. God knows nobody else would fucking touch you.
Edited by Matthew, 17 Aug 2015, 12:31 AM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Bardon
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Okay lets test this gold, sold and forex strategy on the numbers if I can Jimbo.

Just about a year ago you posted clear objective evidence of your net worth on here via your bank account statement to show that your net worth was about AUD $400k, is it now higher?

http://australianpropertyforum.com/single/?p=8505481&t=10110944


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Matthew
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Bardon
17 Aug 2015, 12:19 AM
Okay lets test this gold, sold and forex strategy on the numbers if I can Jimbo.

Just about a year ago you posted clear objective evidence of your net worth on here via your bank account statement to show that your net worth was about AUD $400k, is it now higher?

http://australianpropertyforum.com/single/?p=8505481&t=10110944


$400k? Shit Jimbo I have that much in depreciating assets in my garage (3 cars and a boat).

You are the winner Jimbo, well played mate, well played.
My only hope for my three boys is that they turn out nothing at all like Chris.
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