You wish to sit there and complain that somebody may ridicule you because you did not know what fools gold is,and that you would put them on ignore, but at the same time wish to sit back and ridicule others.
I was going to explain to you all what caused the great depresssion seeing as nobody else is able to do that anywhere ,else, but seeing as you know it all , I dont think I'll waste my time. Maybe listen to your old man a bit more blondie.
Sorry
I did not wish to offend. Yes I m still wishing to learn & understand about gold more , you cannot deny its volatile, & it's not good ATM.
Gold as with other investments like property has its considerable positives & negatives. It needs understanding , I have the confidence with property but not with gold.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
I was going to explain to you all what caused the great depresssion .....
No need. The gold standard caused the Great Depression.
Quote:
Gold Standard
According to the gold standard theory of the Depression, the Depression was largely caused by the decision of most western nations after World War I to return to the gold standard at the pre-war gold price.
Quote:
Berkeley Professor Barry Eichengreen has fueled the flames of anti-gold in his recent historical work, Golden Fetters: The Gold Standard and the Great Depression, 1919-1939 (Oxford University Press, 1992). Essentially, the author argues that (1) the international gold standard caused the Great Depression and (2) only after abandoning gold did the world economy recover. The book has been praised by colleagues, further dampening enthusiasm for the precious metal as an ideal monetary system.
No need. The gold standard caused the Great Depression.
You are incorrect and so is your so called expert professor , like most experts, they have no idea.
Anybody else wish to have a go, feel free to use google or any other means possible.
What I will say ,is that I have not seen what I will explain anywhere else, so, anybody wish to have a go, its not rocket science . And I might just look into a couple of more things to find out more correct dates for you as to when it began and keep it as short and as simple as I can.
Anybody like to tell me what year they think it might have started or perhaps what decade ? Dont worry many have not been able to explain it , so feel free to have a go, somebody,anybody.
Gold has a hard job falling below its cost of production simply because the cost of production is set by the price of gold and not vice versa. Marginal producers always stop producing as the price falls. However, since the size of the hoards exceeds annual consumption by many times, there is pretty much no pricepoint it cannot fall below.
Of course the corollary of this is that there is pretty much no pricepoint above which gold cannot rise. It is totally free of the ravages of fundamental analysis.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Of course the corollary of this is that there is pretty much no pricepoint above which gold cannot rise. It is totally free of the ravages of fundamental analysis.
That's right! The POG is driven almost entirely by speculation.
For Aussie property bears, "denial", is not just a long river in North Africa.....
That's right! The POG is driven almost entirely by speculation.
Well there is demand for jewellery, but otherwise no fundamentals at all. There is a cost to hold it via safe custody and insurance costs.
I can't see it holding $1000 USD when interest rates start to normalise.The anticipated nomination of Janet Yellen as Fed Chairman has boosted the USD and that's evident in the gold price.
You are incorrect and so is your so called expert professor , like most experts, they have no idea.
Anybody else wish to have a go, feel free to use google or any other means possible.
What I will say ,is that I have not seen what I will explain anywhere else, so, anybody wish to have a go, its not rocket science . And I might just look into a couple of more things to find out more correct dates for you as to when it began and keep it as short and as simple as I can.
Anybody like to tell me what year they think it might have started or perhaps what decade ? Dont worry many have not been able to explain it , so feel free to have a go, somebody,anybody.
I have no idea.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
That's right! The POG is driven almost entirely by speculation.
Well there is demand for jewellery, but otherwise no fundamentals at all. There is a cost to hold it via safe custody and insurance costs.
I can't see it holding $1000 USD when interest rates start to normalise.
Normalise, thats an interesting word Peter , NORMALISE, in reference that they are not normal, you are correct there, things are certainly not normal and you can thank the US for that. When do you think that they may normalise? what about a timeframe perhaps, Its a tricky question, even for me.
The Us has had to keep lowering them over many years now to prevent their economy and dollar from imploding , forcing the value of their currency to drop and forcing other currencies to rise , making exports for everybody more expensive, and cheaper for them, the problem is they produce very little now and rely on imports which are now making things expensive for them causing inflation.
Now like the euros we are forced to lower our interest rates in an attempt to lower our dollar so we can export what we have, but with the US creating so much money we are having a hard time keeping our dollar down. We dont have much more that we can lower our interest rates or dollar for that matter, and when we hit the bottom for iinterest rates ,which could still possibly go to zirp in an attempt to keep our dollar under parity which will eventually become an impossibility unless the US dollar collapses before this ofcourse , and it is here that is hard to put a timeframe on. think of the consequences for our economy , they are slowly sending us to ruins like themselves.
I guess the sooner it collapses is when things can only start to normalise once again, what normal will be then is anyones guess. Like I have told you before with the lowering of interest rates along with our high wages and emerging economies ,we will lose many more jobs too, as we have seen lately. You doubted all that before ,and doubted the continual lowering of our interest rates thinking the bottom was long ago. Its time to start looking at the bigger picture here. If you dont ,you want be able to see it.
I've been reading about this wealthy Canadian gold bug called Eric Sprott, he's really passionate about the precious metals , such a diehard gold bull. He thinks that gold is heading towards US $2400.
He made lots of $$ but it seems he's got a vested interest.... Doesn't hurt to research I guess.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Well there is demand for jewellery, but otherwise no fundamentals at all. There is a cost to hold it via safe custody and insurance costs.
I can't see it holding $1000 USD when interest rates start to normalise.The anticipated nomination of Janet Yellen as Fed Chairman has boosted the USD and that's evident in the gold price.
if gold does get close to 1000 USD the long term chart is going to look similar to the silver chart and a lot of people are going to feel pretty silly Peter I honestly respect the role gold has played in throughout monetary history but the main fundamental today is speculation in my view.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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.
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