Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 5
  • 9
Australian savers punished by rate cuts; Savings account rates down 0.55%, double RBA cut
Topic Started: 12 Dec 2011, 09:09 AM (6,480 Views)
raveswei
Default APF Avatar


dave289
29 Feb 2012, 04:14 PM
barns
29 Feb 2012, 03:48 PM
dave289
29 Feb 2012, 03:24 PM
This is why I dont start a thread ,becuase I would have to deal with time wasting losers like barnsy who wishes to ask smart asre questions and waste my time , this folks is why many of you miss out on a lot more of my time , I simply have no time for fuckwits and as you can see they spoil it all for evrybody else , que frank castle.

You can doubt me all you like , put it on paper so I know who needs to be reminded about things a lttle bit further down the track , the list is small , but there is room for more , feel free to join the club .

And what do you think about my gold predictions ,just so we have that on paper, noticed you could jibber shit , but not comment on anything usefull, useless.
I don't understand gold. I fully admit it. Zero yield, limited commercial use and kind of heavy and awkward to store. If it was up to me it would be, say, USD$500 an ounce. The only gold I'm likely to ever buy is in jewelry and as I already have the ring on my finger, probably only new stuff my wife would like.

I can make no gold predictions as the market for it is, in my view, irrational.

I think yours will be wrong though unless they are inadvertently right because the USD completely dies. I don't believe that will occur though as the US will soon recover (and almost certainly won't fall significantly further).
Gees where do I start , firstly you are absolutely delerious about the US economy , JUST SO YOU KNOW IT IS FUCKED BEHOND ALL RECOGNITION , it is not improving , it is going backwards at a rapid rate , the only thing holding it up is the printing press out the back room , yes thats right printing the equivalent of monopoly money , EXACTLY THE SAME AND THEN PRETENDING IT IS REAL , WHEN IT IS NOT. let me ask you this barnsy, what do you think is real worth in your hand , a kilo of gold or a fistfull of paper . You are correct that in general it is pretty useless and that I would agree with , but gold is REAL WEALTH .

Evrything we have ,comes from the ground , even solar power if you think about it further. gold is one of the most valuble purer sources from the ground iit is scarce and therefore more valuable , just like if silver was the more scarce metal it would be worth more.

There are rarer metals than gold and are more expensive , palladium is usually more expensive than gold but may be lagging right now, platinum is also considered the rich mans gold and it is usually more expensive but may be lacking right now. rodium is by far more expensive , you can have a look into these further .

To make you all undrstand what has happened with the economy evrywhere you need to do this . Imagaine what would happen if the australian goverment started up the printing press and began printing 24/7 . they then gave every man and woman over 18 years old one million in cash each . now while this is an exageration of what has happened ,it is pretty much what has happened since 1970.

So what would happen if this where to happen and evryone got their million , you will first see housing go through the roof ,you then see that it collapse after the spending spree has been spent and there is no real money left. this will show you what is actually happening right now, left right and cente.

my kid has just got home from work so I will have to leave it for another time ,all the best dave.
Gold has value just because we agree it has value, otherwise it would be cheap. The only difference between gold and fiat money is the fact that is slightly harder to create new gold money, although not impossible.

Fun fact: there is enough gold on Earth to cover entire surface of our planet with 20cm layer of gold.
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

Profile "REPLY WITH QUOTE" Go to top
 
stinkbug
Member Avatar


raveswei
29 Feb 2012, 04:39 PM
Fun fact: there is enough gold on Earth to cover entire surface of our planet with 20cm layer of gold.
Got a source? That's a LOT of gold, and I don't think we have that much. Nothing like that amount.

Other research indicates that all the gold in the world would fit into a cube 25 metres per side. Some quick googling turns up a few different results as well.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

Profile "REPLY WITH QUOTE" Go to top
 
Frank Castle
Member Avatar
Business As Usual

raveswei
29 Feb 2012, 04:39 PM
Fun fact: there is enough gold on Earth to cover entire surface of our planet with 20cm layer of gold.
Evidence?

Just because you say it twice doesnt make it true


Quote:
 
SIM
Community Team

Join Date: Feb 2010
Location: Australia
Posts: 2,252

How much gold is there?
Gold only has value because it is rare.

Quote:
 
Quote:raveswei
there is plenty of it (there is enough gold on Earth to cover entire surface of this planet with 20 cm layer of gold)


That's not quite true. All of the gold ever mined could be melted down and fit into a cube with sides of roughly 20 m.

http://answers.yahoo.com/question/in...1/goldgip.html

If you take that gold and make a sphere 20cm thick, it's about 120 metres across.

Which is considerably smaller than the diameter of the planet (around 12,700 kilometers).

http://www.talkfinance.net/f34/can-anyone-explain-me-why-gold-15692/#post31647
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Profile "REPLY WITH QUOTE" Go to top
 
Mr Griffin
Member Avatar


barns
29 Feb 2012, 03:48 PM
and kind of heavy and awkward to store.
:lol: You obviously don't have any.
You'd be able to get your entire net wealth into your pocket :lol:
Profile "REPLY WITH QUOTE" Go to top
 
raveswei
Default APF Avatar


Frank Castle
29 Feb 2012, 04:45 PM
Fun fact: there is enough gold on Earth to cover entire surface of our planet with 20cm layer of gold. Evidence?

Just because you say it twice doesnt make it true



Not mined gold, but total gold present on this planet

0.16 ppm (by mass) of this planet is gold (http://quake.mit.edu/hilstgroup/CoreMantle/EarthCompo.pdf). Earth weight is 6,000,000,000,000,000,000,000,000 kilograms (http://nssdc.gsfc.nasa.gov/planetary/factsheet/earthfact.html) so there is ~1,000,000,000,000,000,000 kg of gold on this planet

Earth surface 510,072,000 km2 (510,072,000,000,000 m2)

Enough to put 2000kg on every square meter of Earth surface

I’m sorry – there is enough gold on this planet to cover entire surface of the planet with 10cm of gold.

Does that make it less abundant?
Edited by raveswei, 29 Feb 2012, 05:23 PM.
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

Profile "REPLY WITH QUOTE" Go to top
 
Mr Griffin
Member Avatar


raveswei
29 Feb 2012, 04:39 PM
Gold has value just because we agree it has value,
:lol:
What gives that $50 note value. Because the government says so.

I'd much prefer valuing the thing that can't just be created.

You need to understand golds role in the monetary system more.
Profile "REPLY WITH QUOTE" Go to top
 
NotFooled
Member Avatar
The Bear Whisperer

Mr Griffin
29 Feb 2012, 05:23 PM
:lol:
What gives that $50 note value. Because the government says so.

I'd much prefer valuing the thing that can't just be created.

You need to understand golds role in the monetary system more.
Gold is a good hedge against disasters such as governments printing too much paper money. It is sensible to have gold and silver in your investment portfolio just in case.
Profile "REPLY WITH QUOTE" Go to top
 
barns
Member Avatar


dave289
29 Feb 2012, 04:14 PM
Gees where do I start , firstly you are absolutely delerious about the US economy , JUST SO YOU KNOW IT IS FUCKED BEHOND ALL RECOGNITION , it is not improving , it is going backwards at a rapid rate , the only thing holding it up is the printing press out the back room , yes thats right printing the equivalent of monopoly money , EXACTLY THE SAME AND THEN PRETENDING IT IS REAL , WHEN IT IS NOT. let me ask you this barnsy, what do you think is real worth in your hand , a kilo of gold or a fistfull of paper . You are correct that in general it is pretty useless and that I would agree with , but gold is REAL WEALTH .

Evrything we have ,comes from the ground , even solar power if you think about it further. gold is one of the most valuble purer sources from the ground iit is scarce and therefore more valuable , just like if silver was the more scarce metal it would be worth more.

There are rarer metals than gold and are more expensive , palladium is usually more expensive than gold but may be lagging right now, platinum is also considered the rich mans gold and it is usually more expensive but may be lacking right now. rodium is by far more expensive , you can have a look into these further .

To make you all undrstand what has happened with the economy evrywhere you need to do this . Imagaine what would happen if the australian goverment started up the printing press and began printing 24/7 . they then gave every man and woman over 18 years old one million in cash each . now while this is an exageration of what has happened ,it is pretty much what has happened since 1970.

So what would happen if this where to happen and evryone got their million , you will first see housing go through the roof ,you then see that it collapse after the spending spree has been spent and there is no real money left. this will show you what is actually happening right now, left right and cente.

my kid has just got home from work so I will have to leave it for another time ,all the best dave.
I get silver. Aside from jewelry, it has plenty of industrial and commercial uses (eg electronics) and we can eventually use all we mine. It's just gold. There already is more than enough of it dug up to takke care of known uses indefinitely.

Every day is a day closer to its run being over.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
Profile "REPLY WITH QUOTE" Go to top
 
barns
Member Avatar


Mr Griffin
29 Feb 2012, 05:20 PM
:lol: You obviously don't have any.
You'd be able to get your entire net wealth into your pocket :lol:
Yeah, and what do you do with your pocket full of gold when you go down the pub on Friday night? Take it with you or bury it in the back garden of your rented house?
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
Profile "REPLY WITH QUOTE" Go to top
 
raveswei
Default APF Avatar


Mr Griffin
29 Feb 2012, 05:23 PM
You need to understand golds role in the monetary system more.
I understand this very well

some time in past we people agreed to use gold as a money (we could agree on something else as well but we didn't), than somewhere in 1970s we agreed we will not use gold as money anymore.

There are still people who think we will go back to gold as a money that is why there is so much speculation about gold price
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 5
  • 9



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