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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,361 Views)
Matthew
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Trollie
15 May 2016, 03:42 PM
What is it with bears and being crap at maths? SF bay bridge contains 151,593 tons of steel. 15,000 times that is 2,273,895,000

Not even close, like your calls of a housing price crash :re:

I don't have to be concerned with annual salaries thanks to my investments. Your concern is touching though.

Honestly Jimbo your story is all over the place. First you claim you've only got a little bit of gold, now your telling us you bought $140,000 worth. Is the story now you have $170,000 worth of gold hidden in the dunny?? The wife sure is going to be mad if you get broken into and it's stolen.
His constant line is 10% of his net wealth is gold. I would believe his net wealth is around $1.4m, it is not an unbelievable number.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Trollie
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foxbat
15 May 2016, 04:18 PM
Hey Trollie, got your tounge back from the cat mate :D
Gold still dropping :D :D :D
If I make $20 m out of the gold play I will buy a property with some of the money, say 10%.

Peter

Then roll the $20 m in and shoot for $200 m
Why stop deluding yourself there, shoot for $20b.
Matthew
15 May 2016, 05:15 PM
His constant line is 10% of his net wealth is gold. I would believe his net wealth is around $1.4m, it is not an unbelievable number.
JimJam's has never alluded to having 1.4mil to play with. I take it all with a grain of salt.

He's also told us multiple times he hides it at his rented house. Would you hide $170,000 in the dunny?
Edited by Trollie, 15 May 2016, 05:19 PM.
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Matthew
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Trollie
15 May 2016, 05:15 PM
JimJam's has never alluded to having 1.4mil to play with. I take it all with a grain of salt.

He's also told us multiple times he hides it at his rented house. Would you hide $170,000 in the dunny?
No but he has regularly alluded to 10% of his wealth being in gold. $1.4m isn't that much money to accumulate if indeed he sold an unencumbered property.

I would not leave half a pack of smokes and a 6 pack unattended in a Warnbro rental though.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Perthite
15 May 2016, 05:10 PM
Perth downturn has resumed. Im back.

Did it stop???

I am negotiating on a unit valued at $3.8m during the boom, I am talking $1.5m they are talking $2.4m.

Any way you cut it it is a 50% drop in real terms, in U.S. Dollars CPI adjusted more like 80% drop.

Include all costs and they have whipped out completely.

Anyway, it is basically free.

Peter
Trollie
15 May 2016, 05:15 PM
Why stop deluding yourself there, shoot for $20b.

JimJam's has never alluded to having 1.4mil to play with. I take it all with a grain of salt.

He's also told us multiple times he hides it at his rented house. Would you hide $170,000 in the dunny?
Good to see your back on team Trollie.
$20T it is man.
Peter

All that bearshit you were talking is gone now, good to see man. All the way with gold.
I got your back jack.

hidflect
15 May 2016, 12:58 PM
Foxbat, you've got to stop hitting the Bulls with facts. You'll only confuse them. I've noticed a lot of specufestors don't even dabble in stocks. This is because they are not really investors in the true sense. They're mostly just workaday people who lucked into the 2002 -> boom and found themselves making money. That's fine, nothing wrong with that. But then come the airs and graces. They start telling people how the Iron Ore market will go in order to prop up their fantasy of a recovery. They need to stick within their core competency; painting doors and fixing gutters.
Yes, yes and yes.

Luck plays such a huge part in life.

Luck or skill.

The endless question.

Peter

Good luck, just sold out of NMT, 100% profit including dividend.
So sold 232,000 nmt, and bought 1,058,000 gold shares.


Edited by Foxy, 15 May 2016, 06:29 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Perthite
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Trollie
15 May 2016, 05:13 PM
Welcome back. Did you buy a house yet or did that holiday in bali burn that deposit?
May end up buying sooner than I wanted.

Family member is in real trouble. It is not ideal.

20% below the original listing price 7 months ago.

Massive pay rise and promotion have sped things up.
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newjez
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Perthite
15 May 2016, 05:10 PM
Perth downturn has resumed. Im back.

Did it ever really go away?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Jimbo
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Trollie
15 May 2016, 05:15 PM
He's also told us multiple times he hides it at his rented house. Would you hide $170,000 in the dunny?
I take it you have never seen a 10oz Gold bar?

Not very big at all. You can fit 10 of them in one of those little zip up wash bags they give you on a Cathay Pacific flight.

Very easy to hide, hard to find unless you know where they are. There are only two people on this earth who know where they are and one of them is me.

Only two people know of their existence.

If anything happens to both of us, there is a way for certain others to find out where they are hidden so they can be passed on.

We could both be kidnapped and tortured and we would both crack. But there is no way our kidnappers could get their hands on the goods even if we wanted them to.

etc...
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Tez
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Jimbo
15 May 2016, 07:32 PM
Only two people know of their existence.
And.... um..... now also the thousand of people who visit this website?

Quote:
 
We could both be kidnapped and tortured and we would both crack. But there is no way our kidnappers could get their hands on the goods even if we wanted them to.
Much paranoia there.
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newjez
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Perthite
15 May 2016, 06:43 PM
May end up buying sooner than I wanted.

Family member is in real trouble. It is not ideal.

20% below the original listing price 7 months ago.

Massive pay rise and promotion have sped things up.
Well done.

You can guage the Perth market by stringberg's absence. And the iron ore market. And the gold market...

Still looking at busselton? I have family looking to move down there. Good value, nice place.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Foxy
Member Avatar
Zero is coming...

Perthite
15 May 2016, 06:43 PM
May end up buying sooner than I wanted.

Family member is in real trouble. It is not ideal.

20% below the original listing price 7 months ago.

Massive pay rise and promotion have sped things up.
Well done.
Perthite
15 May 2016, 06:43 PM
May end up buying sooner than I wanted.

Family member is in real trouble. It is not ideal.

20% below the original listing price 7 months ago.

Massive pay rise and promotion have sped things up.
What trouble did they get into???
Edited by Foxy, 15 May 2016, 08:27 PM.
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