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?
Has anyone been watching the news (I know its been mainly focused on the elections) about the US considering attacking Syria? Russia and China are flexing their muscles in response The function of gold, as I'm sure everyone here knows, is to hedge against inflation, not earn yield So, I'll keep stacking for the moment, should the US go to war gold will rocket, if they don't, gold could fall, but then I'll hold out for a self sustained recovery in the US before I sell.
Record low interest rates pumping up their economy is not a sustained recovery btw
So, at some point, the intention is to convert my holdings to fiat, but only when I think it's actually worth it
So, at some point, the intention is to convert my holdings to fiat
Lets hope you have enough left to buy one
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Has anyone been watching the news (I know its been mainly focused on the elections) about the US considering attacking Syria? Russia and China are flexing their muscles in response The function of gold, as I'm sure everyone here knows, is to hedge against inflation, not earn yield So, I'll keep stacking for the moment, should the US go to war gold will rocket, if they don't, gold could fall, but then I'll hold out for a self sustained recovery in the US before I sell.
Record low interest rates pumping up their economy is not a sustained recovery btw
So, at some point, the intention is to convert my holdings to fiat, but only when I think it's actually worth it
Yes, but don't talk about a "WAR" here, the guys who have seen their rental properties not living up to the vaunted seminar promises will blame you for starting it just to see ya stack go up in price They are very sensitive these days, and very much anti any winning investments.
Good to see another bug come out of the closet. Are you a member of silverstackers, I was a while back but don't go anymore. Look forward to your posts. goldbug.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
People giving out about pm's not dishing out yields is funny and saying its pure speculation, I have thought about buying an investment property, but negative gearing and expecting capital appreciation is just speculation, on a worse scale, simple as...
Obviously if I could get a 12% yield I'd consider it
Hey goldbug, I was on silverstackers, like yourself I haven't been over there in months, its a good website and had a few great links, I've stopped reading alot of sites as the fundamentals haven't exactly changed much
Asia buying tonnes, massive US debt issues, QE'ing, tapering (apparenly), MSM talking crap, Europe's debt crisis, Indias currency crisis, Japans currency crisis, etc etc
Obviously if I could get a 12% yield I'd consider it
Hey goldbug, I was on silverstackers, like yourself I haven't been over there in months, , I've stopped reading alot of sites as the fundamentals haven't exactly changed much
Asia buying tonnes, massive US debt issues, QE'ing, tapering (apparenly)
Quite. I don't differentiate between yeild as the PI's view it and capital appreciation myself either. Profit is profit wherever it comes from so why split hairs. For years now everyone has been chasing the magic 12%+ to keep ahead of the inflation curve but in the last decade only silver and gold have delivered it consistantly. As for tapering QE, well I don't believe they ever will as it's the only thing keeping the American economy from collapsing.
At the rate China is buying, a whole years production already this year, it should not be long before we see the last top exceeded. I believe the reports that show how the Asian demand was supplied by redemption of the gold ETF's back at the beginning of the year. But that gold has now gone east and the ETF's are rebuying as well as the Asians so it can only result in higher prices.
Here is a classic back track by a Big player. They own shares in lots of aussie gold mines too, as do the Chinese now.
- and the firm also closed it "sell" (i.e., underweight) in precious metals. This is not surprising: we had noted the ongoing purchasing of gold by JPM over the past two month (in part to restore its depleted gold vault inventory) when the yellow metal not only stabilized but promptly entered a bull market, returning 20% in a short period of time. And as gold was rising, JPM was advising its clients to sell. It seems JPM now has more than enough gold stashed away, and as the September shock is set to unwind, even JPM may be seeking the safety of gold, and the usual other hard asset suspects, if and when events escalate out of control, resulting in another "risk off" phase. http://www.zerohedge.com/news/2013-09-08/jpmorgan-closes-precious-metals-sell-recommendation-goes-tactically-overweight-commo
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
People giving out about pm's not dishing out yields is funny and saying its pure speculation, I have thought about buying an investment property, but negative gearing and expecting capital appreciation is just speculation, on a worse scale, simple as...
So buy a property that is CF neutral or even + No shortage of them out there
Quote:
Obviously if I could get a 12% yield I'd consider it
Right, so the PM has ZERO yield but the property needs 12% Yeah, that makes sense ....not
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
So buy a property that is CF neutral or even + No shortage of them out there
Right, so the PM has ZERO yield but the property needs 12% Yeah, that makes sense ....not
Frank,
I'm sure you know the US is a little pitbull waiting to go to war... Tying my money up in property is not where I would want to be, but if I could get a very attractive yield, then I would consider it. That's my investment strategy.
Would you mind sending me a link to a property in Sydney/Perth that has a strong positive yield? What are your thoughts on the likely outcome of the senates vote on going to war? Do you see China & Russia getting involved?
Goldbug,
Yes I've seen that, hilarious isn't it, funny MSM is highly unlikely to criticise JPM for fleecing their own clients and they amount of attention gold seems to get as it "crashes", while little or none on the way up. I try and avoid posting links to zerohedge, that's where all the "loony toons" hang out apparently
Would you mind sending me a link to a property in Sydney/Perth that has a strong positive yield?
Oh, so now you want to put stipulation on location - high yield on its own not good enough When I produce them, what then? Don't like the colour of the gutters? - don't like the suburb? - To many trees in the park over the road?
They are out there, you just need to look 5 seconds of googling found records on a property with 14% yield in Sydney sold in July 2013
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Quite. I don't differentiate between yeild as the PI's view it and capital appreciation myself either. Profit is profit wherever it comes from so why split hairs.
Each to their own, but I would much rather own an asset that continues to put money into my pocket rather than just sitting there doing nothing.
For me, holding assets that don't yield anything is a losing strategy. I only buy assets I'd be happy to hold for decades or forever.
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They are very sensitive these days, and very much anti any winning investments.
