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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,348 Views)
Khaderbhai
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Wealthy Suburbanite

foxbat
22 Sep 2016, 08:50 AM
Gold and silver are cheaper than they were half a decade ago in 2011.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Foxy
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Zero is coming...

Khaderbhai
22 Sep 2016, 09:03 AM
Gold and silver are cheaper than they were half a decade ago in 2011.
You are a living legend Foxbat,


Kidman Resources shares soar as large lithium deposit takes shape | afr.com
http://www.afr.com/business/mining/kidman-resources-shares-soar-as-large-lithium-deposit-takes-shape-20160921-grl4z8


Boom baby
https://youtu.be/gsyuWylBjBQ
Edited by Foxy, 22 Sep 2016, 10:02 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

You all have a KDR day,
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

Up $145,000 today, now you all have a KDR day...
:oo:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

Up $182,000 today, now you all have a kdr day, Foxbat did tell you...

Peter
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Foxy
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Zero is coming...

Ended $121,000 up today
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

https://au.news.yahoo.com/thewest/wa/a/32787796/goldfields-lithium-plant-plan/#page1
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

When i was a boy gold was $35.35 per ounce.

So it is not the gold has gone up.

The money that the rich use never loses its value.

The money the poor use continuously loses its value.

Understand that and you understand my view of the world.

So in 1992 when i bought my house it was $210,000 ( 594 ounces of gold)

Today my house may be worth $1,500,000 (918 ounces of gold)

I hope you can see where i am going with this.

Oh and i bought my house in a severe downturn.

So in $ terms the house has gone up 600% ?

In gold terms 53%?

Any math whizzes out there please correct me.

So ultimately at the end of the day a couple of questions.

What do you get paid in??

The money of the rich?
Or
The money of the poor?

Do you hold your wealth in the money of the rich
Or
The money of the poor???

Please think about your answer for a day or two.

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Jon Snow
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foxbat
8 Oct 2016, 11:20 AM
So in 1992 when i bought my house it was $210,000 ( 594 ounces of gold)
Today my house may be worth $1,500,000 (918 ounces of gold)
I hope you can see where i am going with this.
Oh and i bought my house in a severe downturn.
So in $ terms the house has gone up 600% ?
In gold terms 53%?

In units of housing terms, it has probably decreased.

You purchased 1 house in 1992, and 24 years later it is no more than 1 house (probably less with wear and tear).
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Foxy
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Zero is coming...

Jon Snow
8 Oct 2016, 01:57 PM

In units of housing terms, it has probably decreased.

You purchased 1 house in 1992, and 24 years later it is no more than 1 house (probably less with wear and tear).
You have got me thinking Jon Snow.

In Fact less than one housing unit.
As i have spend very little on my house it is worth land value.

There are really no vacant blocks in Mount Lawley available.

So if i sold my house with the view of moving to a better house it would cost me about $700,000.

Housing is a store of wealth.

But as people are finding out with negative interest rates it comes at a cost.

As for the article on wheat, yes, 1, well spotted.

But I did not make myself clear.
My fault.
If we take the dairy industry we see endless news articles made over the last few years about the farmers going broke.

Wheat??? None, i can recall no t.v. news items on the plight of Australian wheat farmers, it is something i have followed for 35 years and it has never been worse.

Maybe its the new "old" kid on the block.

https://www.rt.com/business/358387-russia-agriculture-boom-sanctions/







http://www.realestate.com.au/property-house-wa-mount+lawley-121782610
So Russia is in a wheat boom.
https://www.rt.com/business/355975-russia-first-wheat-exporter/

While Australia is in a wheat gloom.
http://www.theaustralian.com.au/business/bumper-russian-wheat-harvest-to-hit-australian-farmers/news-story/adca7e4869690203135e38fb3af82d58

Maybe the media is playing catchup.


Russia produces 107 million tonnes of grain annually, dwarfing Australia’s average 30 million tonne winter crop, and produces it at a lower cost than Australia, selling about 20 per cent of its production on world markets.
Edited by Foxy, 9 Oct 2016, 12:02 PM.
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