Do you ever think before you type Mel A decade ago gold was $500/oz. Now it's $1350/oz.
Just go back to not posting.
Look it's obvious you are having a bad day so i'll get straight to the point for your sock puppet with one simple question:
How much better off would you have been if you purchased residential IP's instead of the useless shit nobody wants to buy anymore?
Pig Iron
25 Nov 2013, 08:44 PM
mel is correct you should have sold.
gold has fallen 26% from it's peak, and has been falling for years consistently. purchasing something that earns no income for 10 years, then falls 26% from it's peak is called investment fail.
more is the pity fools like you who purchased at $800/oz, have earnt nothing from it for 6 years and are now sitting on a knifes edge.
thanks Timmy on top of everything else the silly prick clearly has no concept of yield
Look it's obvious you are having a bad day so i'll get straight to the point for your sock puppet with one simple question:
How much better off would you have been if you purchased residential IP's instead of the useless shit nobody wants to buy anymore? thanks Timmy on top of everything else the silly prick clearly has no concept of yield
His loss.
We were sold the same lemons in the UK in the 90's and we did actually try to sell our house but got such silly offers we held on and rented instead. That was probably singly the most significant piece of financial luck in our lives. Our friends and relatives who sold took a huge hit from which they have not recovered, mainly as they were not prepared to start again on the property ladder. We sold eventually in 2001 for a reasonable (not a great price) but we got $3 in the pound which got us the house in Coogee and the rest is history so to speak.
IMHO, I think the same lesson applies to gold, wait for a good time to sell, ie don't sell in a bad market. People always return to PMs in times of uncertainty. Tho' it is so hard to second guess these things,property may still do better even though we are seeing such growth at the moment, this could continue for years. Who the heck knows.
Look at it this way you have got some bad luck behind ya, hopefully there is lotsa good luck now just around the corner.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
I can be nice sometimes, I know you wont believe it but I am not always a cranky old biddy Just most of the time
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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