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 (37,666 Views)
Was it Ted who laughed at PI whose properties hasn't grown much in real terms but who received 4-5% yields?
Inflation is greater than that, so you what have you gained? And what do you stand to lose if property falls into decades of deflation. You are a product of your times, you read like a page out of the SMH real estate section.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Inflation is greater than that, so you what have you gained? And what do you stand to lose if property falls into decades of deflation. You are a product of your times, you read like a page out of the SMH real estate section.
Inflation is not greater than that at all. Real inflation is around 4%.
I'd be interesting to see how property could fall into 'decades of deflation' when a lot of Australian property is priced below replacement cost.
Because the only reason people chase yield is to keep up with inflation.
Bullshit.
Ha Ha Ha, you have been doing it all your life and you can't even see it. You need yield, because in 20 years time the money in your pocket will be worth F-all.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Ha Ha Ha, you have been doing it all your life and you can't even see it. You need yield, because in 20 years time the money in your pocket will be worth F-all.
Long term, the properties I own will grow at a rate slightly higher than CPI, because of their location and amenity, and the price I paid. The yield supports the costs of ownership until I own them outright, then the yield goes into my pocket.
Unless Australia collapses financially, which I frankly don't expect to happen, I don't think I'll go backwards in real terms.
On a slightly different note, congratulations on not letting what is a robust debate turn into personal attacks. You are clearly a cut above other bears on this site.
I'd be interesting to see how property could fall into 'decades of deflation' when a lot of Australian property is priced below replacement cost.
Why do you think the prices of Australian houses fell from 1925 till 1950? Supply and demand? There was plenty of supply, and many people demanded homes. But... No one could access the finance, the credit, the money.
I always found it interesting that informed people seemed to have a mental block when it came to certain big events beyond their ability to avoid. Even when those big events had been proven to occur at numerous times and in numerous places. Time will tell.
stinkbug
16 Sep 2013, 07:38 PM
Long term, the properties I own will grow at a rate slightly higher than CPI, because of their location and amenity, and the price I paid. The yield supports the costs of ownership until I own them outright, then the yield goes into my pocket.
Unless Australia collapses financially, which I frankly don't expect to happen, I don't think I'll go backwards in real terms.
On a slightly different note, congratulations on not letting what is a robust debate turn into personal attacks. You are clearly a cut above other bears on this site.
That is your plan, and it is a good one, based on the recent performance of the economy (40 years worth)
A financial collapse or major depression you don't count on, which is to be expected based on your asset allocation.
I sort of do expect it, and it is why I am hedged into gold. I don't want to see it! I want what you want. I just don't think that a happy ending for our generation is on the cards due to the debts we have all amassed.
Thank you for your comments. Yes I am a bear, on many things. I look at the glass that has half it's contents and I try to descern if it is being filled or drained. You must admit, there has been more draining than filling here over the past 5 years.
Ha Ha Ha, you have been doing it all your life and you can't even see it. You need yield, because in 20 years time the money in your pocket will be worth F-all.
you need to clean your jocks. been shitting yourself all by the look of that gold price
I am the love child of Tony Abbott and Pauline Hanson
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