Goldbugs... what will you do with your gold? What's the point of holding gold?; Will you eventually convert it into real money, or just hoard it for ever?
You never hear them saying it's a good time to sell... their gold spruiker mentors like Kris Sayce never advocate selling - Shadow on GOLD
You never hear them saying it's a good time to sell... their property spruiker mentors like Andrew Wilson never advocate selling - The Doctor on PROPERTY
As of this exact moment, it hasn't been effective for me personally. For others, it has been great. Its a longer term investment, a firm conclusion on it's effectiveness has yet to be reached in my regard.
they dont need to sell to make a profit idiot. it was already explained to you.
I am the love child of Tony Abbott and Pauline Hanson
You should buy leveraged property trusts then peter, that way you can do property and avoid all the steep transaction fees associated with buying and selling houses.
As for the losses associated with bullion, well it was $20 in 1920, $35 in 1940, $200 in 1990 and $1400 dollars today ($US dollars). Take of $80 for the perth mint spread and you can still get $1500 Australian an ounce today if you want to sell it. So if you bought say 4 years ago at $1000 an ounce you are up 50%. And that is after a huge correction in the price. If you bought 2 years ago you are still down a couple of hundred and will have to wait a year or so.
As to the poll, well I don't do polls but I will hang onto my gold until I want to spend it on whatever, or I will sell it if the price gets sufficently high that I feel it has begun topping out of it's long term bull. Either way I doubt it will ever go back to below what I paid for it. And especially not while the world is in the financial mess that it currently experiences.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
As for the losses associated with bullion, well it was $20 in 1920, $35 in 1940, $200 in 1990 and $1400 dollars today ($US dollars).
Pretty lame arsed result
Gold up 7500% Sydney property up 42,000% in the same timeframe. (Sydney median price 1920 was $1650)
82 ounces of gold bought that house Today the gold is worth $124,000 The house is worth $690,000 And imagine how much rent it would have generated over that time Vs the ZERO yield of gold.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Gold up 7500% Sydney property up 42,000% in the same timeframe. (Sydney median price 1920 was $1650)
Cherry pick the data why don't you. 1920 was a market low unprecidented in Sydney prices, after that they bounced back before declining for 30 years. And you then choose Sydney at it's bubble peak? You RE types couldn't lie straight in bed. I could have easily included the 1980 peak in gold at $850 but that would have given people a misleading impression of how gold keeps pace with inflation over time. Goldbugs don't need to pad the data, to cherry pick, to lie like the real estate crowd do.
1920, lowest all time. You bought property at a bubble top old chap. You are rooted
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
I can just picture a gold holder on special occasions pulling the carpet back, lifting the floor boards, retrieving their gold stash and spreading it out on a nice table with table cloth. They will most likely don their best apparel whilst they studiously admire their collection of ingots, coinage, jewellery and ornaments carefully laid out glistening in the light only its holder can enjoy such beauty then carefully remove it, pack it and place it back in safekeeping with a feeling of contentment and surety knowing that they will bring it out and look at it sometime again in the future.
You should buy leveraged property trusts then peter, that way you can do property and avoid all the steep transaction fees associated with buying and selling houses.
As for the losses associated with bullion, well it was $20 in 1920, $35 in 1940, $200 in 1990 and $1400 dollars today ($US dollars). Take of $80 for the perth mint spread and you can still get $1500 Australian an ounce today if you want to sell it. So if you bought say 4 years ago at $1000 an ounce you are up 50%. And that is after a huge correction in the price. If you bought 2 years ago you are still down a couple of hundred and will have to wait a year or so.
As to the poll, well I don't do polls but I will hang onto my gold until I want to spend it on whatever, or I will sell it if the price gets sufficently high that I feel it has begun topping out of it's long term bull. Either way I doubt it will ever go back to below what I paid for it. And especially not while the world is in the financial mess that it currently experiences.
Thanks for your concern goldbug. Gold was $275 USD in 2000 in HK when I first bought, although I have never considered it an investment. I'm not particularly interested in bullion, but best of luck with yours.
Any expressed market opinion is my own and is not to be taken as financial advice
.....was the date you picked you idiot. I didnt cherry pick anything.
Face it, Gold is a shit investment with ZERO yield Specufestors at their worst.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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
