Gold price dives through support to new low. Gold Bubble continues to deflate.; Gold price to drop another 15% this year say strategists at Societe Generale
Tweet Topic Started: 3 Apr 2013, 10:29 AM (37,675 Views)
it's no wonder ted bullshit is in hiding. he sold in 2011 and piled into gold and silver. silver has already had it's melt down , dropping 60% from peak.
even if we are generous and ignore his silver investment and assume he purchased all his gold at the 2011 low of around $1500/oz, in 2 years all he has done is pay rent (sorry mean mooch off his brother) and lose $50/oz. it's paid him no yield, and he still has to buy back his house at a higher price since sydney has now reached a new peak. not to mention he needs to paid stamp duty.
his plan to smuggly buy back in at 40% less has completely exploded in his face. this is what awaits all these idiots telling me they will buy my house with cash "in a few more years".
Isn't it obvious that Ted BS, Dano, Dave 289, et al is frank rider?
it's no wonder ted bullshit is in hiding. he sold in 2011 and piled into gold and silver. silver has already had it's melt down , dropping 60% from peak.
even if we are generous and ignore his silver investment and assume he purchased all his gold at the 2011 low of around $1500/oz, in 2 years all he has done is pay rent (sorry mean mooch off his brother) and lose $50/oz. it's paid him no yield, and he still has to buy back his house at a higher price since sydney has now reached a new peak. not to mention he needs to paid stamp duty.
his plan to smuggly buy back in at 40% less has completely exploded in his face. this is what awaits all these idiots telling me they will buy my house with cash "in a few more years".
Isn't it obvious that Ted BS, Dano, Dave 289, et al is frank rider?
sshhh. you are ruining my fun.
Elastic
2 May 2013, 12:15 PM
I can't believe that all you doomsayers are taking such joy in the price of gold falling. For god's sake think of the gold owners.
it's only bad for them if they were too dumb to sell at the peak. they had plenty of warning, gold languished near the peak for 12 months.
I can't believe that all you doomsayers are taking such joy in the price of gold falling. For god's sake think of the gold owners.
No I have no sympathy for those evil specufelchers who drive up the price of gold for us poor electronics users. Back in my parent's days, they could buy an abacus for 1 hours pay where now I need to pay a months wages to afford a basic liquid nitrogen cooled, 1TB SSD, eyefinity 6 x 30inch display desktop. Its so unfair. Computers are necessity for our children's education and every kid deserves an education. Gold hoarders buy gold and hide it in there backyards and not paying tax by calling it a "hobby collection" but never declaring it on their tax return. The government should increase taxes for gold hoarders for so inefficiently using this scarce resource.
You raised some excellent points there Trojan and I can only conclude that non-gold owning renters are the only people without blood on their hands. I will sleep easier tonight.
You raised some excellent points there Trojan and I can only conclude that non-gold owning renters are the only people without blood on their hands. I will sleep easier tonight.
Thanks. However there are many other ways to have blood on their hands. Have superannuation invested in shares? Better make sure they don't invest in Woolies or Coles. After all, that speculation thrives on profits of marking up food and other necessities. Then point to how expensive it is to eat at a 3 chef hat restaurant. Of course I could then link it to all the starving children in the world to make my whinge sound more legitimate.
That would be in the spirit of this forum
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
You raised some excellent points there Trojan and I can only conclude that non-gold owning renters are the only people without blood on their hands. I will sleep easier tonight.
only the ones that can't afford to buy. if you can afford it but are just holding off in the hopes of picking over the carcusses of PI's in the crash that's always a few months off, you are driving up the cost of renting for those who are more needy.
I am the love child of Tony Abbott and Pauline Hanson
only the ones that can't afford to buy. if you can afford it but are just holding off in the hopes of picking over the carcusses of PI's in the crash that's always a few months off, you are driving up the cost of renting for those who are more needy.
I think you might be stretching the facts a bit far there Timmy.
only the ones that can't afford to buy. if you can afford it but are just holding off in the hopes of picking over the carcusses of PI's in the crash that's always a few months off, you are driving up the cost of renting for those who are more needy.
I think you might be stretching the facts a bit far there Timmy.
no i'm merely pointing out the obvious.
if a greater population of people demand rentals, the price of renting will go up. are you denying this basic economic fundamental?
I am the love child of Tony Abbott and Pauline Hanson
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