Moneyweek - UK house prices will plummet: look at this scary chart

purch

there are 12 troy ounces to the pound

Isn't a Troy Pound different to a Delia Smith Pound ??

Mr_E_Man_2

Thanks. Where do I find out what a Troy Ounce is worth? Does anybody have any good web site tips?

Really2

purch wrote: »

It might to you..........to me it sounds like someone who expects prices to fall far further and faster in the coming months, pointing out the absurdity of calling two charts that are clearly not mirror images, mirror images !!!!

Sorry I keep forgetting the rules........you can only be bear or bull........no open minds allowed on this subject !!!!

Yes, and if you keep thinking for yourself you will have to go.:D
I find it funny that anger and denial only come up to stifle a debate.
If you disagree you are in denial.;)

Really2

novazombie wrote: »

If you understood what moneyweek is saying they definately dont recommened selling your house to buy shares.

So this quote is from the article.

"Except for a brief period in 1973, relative to stocks, UK houses are as expensive as they've ever been. That chart is telling you to sell houses and buy equities"

they then go on about silver but unfortunately my house made of shares turned to paper mashe and I lost the lot.
The silver house got stolen.;)

kennyboy66_2

novazombie wrote: »

If you understood what moneyweek is saying they definately dont recommened selling your house to buy shares.

They do recommend selling your house to buy silver.

If you hold silver you could buy your house back plus a few more houses in a few years time. If precious metal mania takes off maybe you could buy 10 houses with the same amount of silver.

I have been following the price of silver since it was $50 oz, it went all the way down to $20 then even bellow $10 and I have bought a lot. Now its on its way back up to $50, but will take a few years. Thats why any bad news I hear about the economy is good news for me

Silver went to $50 for a brief time in January as Nelson Bunker Hunt tried to corner the market. Within two months the price was down to $11 - and far from falling "even below $10", the price continued falling and traded below $6 from 1986 - 1999.

A more laughable "investment" is difficult to find.

Demand for Silver drops from industry in a recession & it does not cost much to dig out of the ground ($5 roughly).

Anyone taking advice from Moneyweek about selling their house and buying Silver should probably check that their brain hasn't rolled out onto their pillow overnight............

kennyboy66_2

Generali wrote: »

AIUI, there are 12 troy ounces to the pound as opposed to 16 ordinary (avoirdupois) ounces.

Thus a troy ounce = 16/12 = 1 1/3rd ounces.

Avoirdupois I think means 'to have of the pea'. Anyone know what pea ownership has to do with ounces?

http://www.sizes.com/units/pound_avoirdupois.htm

What does “avoirdupois” mean?

This term originally referred to a class of merchandise: aveir de peis, “goods of weight,” things that were sold in bulk and were weighed on large steelyards or balances. Only later did it become identified with a particular system of units used to weigh such merchandise. The imaginative orthography of the day and the passage of the term through a series of languages (Latin, Anglo-French and English) has left many variants of the term, such as haberty-poie and haber de peyse. (The Norman “peis” became the Parisian “pois”. In the 1600's “de” was replaced with a hypercorrect “du”, provoking the disdain of the writer of the entry in the Oxford English Dictionary).

Generali

kennyboy66 wrote: »

http://www.sizes.com/units/pound_avoirdupois.htm

What does “avoirdupois” mean?

This term originally referred to a class of merchandise: aveir de peis, “goods of weight,” things that were sold in bulk and were weighed on large steelyards or balances. Only later did it become identified with a particular system of units used to weigh such merchandise. The imaginative orthography of the day and the passage of the term through a series of languages (Latin, Anglo-French and English) has left many variants of the term, such as haberty-poie and haber de peyse. (The Norman “peis” became the Parisian “pois”. In the 1600's “de” was replaced with a hypercorrect “du”, provoking the disdain of the writer of the entry in the Oxford English Dictionary).

Thanks very much.

StevieJ

novazombie wrote: »

If you understood what moneyweek is saying they definately dont recommened selling your house to buy shares.

They do recommend selling your house to buy silver.

If you hold silver you could buy your house back plus a few more houses in a few years time. If precious metal mania takes off maybe you could buy 10 houses with the same amount of silver.

I have been following the price of silver since it was $50 oz, it went all the way down to $20 then even bellow $10 and I have bought a lot. Now its on its way back up to $50, but will take a few years. Thats why any bad news I hear about the economy is good news for me

Nick, this is what I meant about Tories :eek:

nickmason

StevieJ wrote: »

Nick, this is what I meant about Tories :eek:

Ah yes. I follow.

To my mind, this thread is a classic illustration of what happens when people get too excited by graphs and numbers, and start forgetting to do the hard work of researching what else happened.

Silver? Biggest buyer a few years back was Kodak, because they needed it for film. Remember that stuff, before digital cameras? I'd reckon that demand for silver has dropped right off since then.

I think novazombie is in a bit of trouble. But hey, if he's a Tory, he'll understand rights/responsibilities and risks, and won't go begging for help when the gamble doesn't pay off.

For every side of a deal, remember there's someone the other side who thinks they're cleverer than you.

StevieJ

nickmason wrote: »

Ah yes. I follow.
I think novazombie is in a bit of trouble. But hey, if he's a Tory, he'll understand rights/responsibilities and risks, and won't go begging for help when the gamble doesn't pay off.

And I believe in Fairies