Best place to put money?

Yoshua

1. Is it good to pile back into property?

2. Or is cash in the bank going up in relation to property?

3. Is silver and Gold going up in relation to property even more than cash?

4. Are stocks and shares at the bottom now?

HAMISH_MCTAVISH

Yoshua wrote: »

1. Is it good to pile back into property?

2. Or is cash in the bank going up in relation to property?

3. Is silver and Gold going up in relation to property even more than cash?

4. Are stocks and shares at the bottom now?

All depends on the timescale you're looking at.

Average property price in Feb 09 was 147K. Average property price today is 155K. The most likely near term outlook for property is stagnation and/or mild declines over next winter. But the low next feb will be fairly close to the low in feb this year. Mid to long term property is a great bet, short term, theres little to be had in terms of significant gains over periods of less than a few years as transaction costs are so high. It's easy to wipe out a 10K gain from buying fees, selling fees, stamp duty, marketing costs, etc etc etc.

Since february, inflation on the cpi index has been positive, therefore your cash has been worth less. It has turned negative on the RPI index though, which includes housing costs.

Silver and gold have performed very differently. The spread between the two metals is around historic highs, silver (as well as platinum) may outperform gold in the near to mid term as it has more industrial uses and so should be in greater demand as the recession ends. Whereas gold may decline as money reverses the "flight to safety" that has been the cause of it's gains in recent times. In the last 6-9 months, currency fluctuations have been as significant to UK owners value as the price changes of the metal.

Stocks and shares were at the bottom in March 09. They have since recovered by around 30%. The bottom has been well and truly missed there, but there will probably be some level of pullback or profit taking before the next leg up.

Short term, property isn't going to be among the best performing asset classes. Long term, it probably is. So it all depends on your time horizon for returns.;)

HAMISH_MCTAVISH

Interesting.

So it seems I didn't say Silver was about to crash when it was $8 an ounce after all.

Blacklight

Yoshua wrote: »

2. Or is cash in the bank going up in relation to property?

I've seen people gloating about that on another website. Really pleased because their money is losing value, but gaining more interest than the rate of house price inflation.

What a stupid argument. It would work if every house was the same, like gold bars are, but they're not. Not the same at all.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Interesting.

So it seems I didn't say Silver was about to crash when it was $8 an ounce after all.

But you did give a 100% guarantee that gold would crash in 2010.

You have any gold or silver yourself?

HAMISH_MCTAVISH

Graham_Devon wrote: »

But you did give a 100% guarantee that gold would crash in 2010.

I said in 2010 that gold and silver are in a bubble, and that they will crash.

Given that here we are in 2011, and they have indeed crashed, I'm quite comfortable with that call.

You have any gold or silver yourself?

Yes.

Some gold coins left over from our time in less stable parts of the world, and a couple of silver bars currently used as bookends, but occasionally used as paperweights. All bought in the 90's.

Ironically, I probably have far more gold/silver than our resident silverbug socky who also posts on the benefits board about his long term joblessness situation.:)

I'm just under no illusion that they're anything more than mildly interesting trinkets that happen to have been in a bubble lately..

OptionARMAGEDDON

You do some time in Nigeria Hamish, or tghhe nastier parts of the middle east?

Flight2quality

HAMISH_MCTAVISH wrote: »

I said in 2010 that gold and silver are in a bubble, and that they will crash.

Given that here we are in 2011, and they have indeed crashed, I'm quite comfortable with that call.



Yes.

Some gold coins left over from our time in less stable parts of the world, and a couple of silver bars currently used as bookends, but occasionally used as paperweights. All bought in the 90's.

Ironically, I probably have far more gold/silver than our resident silverbug socky who also posts on the benefits board about his long term joblessness situation.:)

I'm just under no illusion that they're anything more than mildly interesting trinkets that happen to have been in a bubble lately..

You will keep saying see I was right every time silver and gold dip in this bull run, we have been here before Hamish and you know it. We will be here again after the next peak and the next little dip higher than this one, you will be screaming again see I was right gold and silver are crashing again.


All the way up every little dip you show yourself to be so stupid. When silver went over $20, back to $16 you said see silver is crashing. Again and again every dip the same stupid nonsense.

You will be spurting the same stupidity when silver goes over $60 then settles at around $40 something, then when it goes over $80 and settles back to $60 something getting ready for the next leg up.



Can you not see how markets work, can you not see how wrong you always are ever since your $8 oz silver prediction HAMISH_MCTAVISH you said "gold and silver were going to crash 100% guaranteed" and when anyone disagrees with you, you are so childish with insults. But when you are proved wrong you throw your toys out of the pram and go crying to the mods.

Give it a rest Hamish just admit you were wrong to predict Silver was going to crash after it just doubled from $4 to $8 per ounce.


By the way Hamish, I think you are posting more about silver than anyone else. Looking through your last posts 90% are the same nonsense about silver. Hit a nerve by any chance?




If your pattern of saying "see I was right gold and silver are crashing" on every dip in this bull run, then one day you will be saying when the dip is still over $100 oz for silver.



Funny how now you are claiming to own more gold and silver bullion than the PM bulls.

Graham_Devon

HAMISH_MCTAVISH wrote: »

I said in 2010 that gold and silver are in a bubble, and that they will crash.

Given that here we are in 2011, and they have indeed crashed, I'm quite comfortable with that call.

Heres what you actually said.

HAMISH_MCTAVISH wrote: »

And even with today's little bounce, Gold still outperformed by any one of a basket of currencies.

Gold may well climb for a bit yet, but it won't outperform more credible and useful commodities and it will crash this year.

100% guaranteed.

I'm not bothered that you were wrong.

But I do wish you would stop the pretence that what you said was different to what's actually written, by you, in black and white.

You can click on the blue icon in your post to see it was stated in 2010.

Flight2quality

Graham_Devon wrote: »

Heres what you actually said.



I'm not bothered that you were wrong.

But I do wish you would stop the pretence that what you said was different to what's actually written, by you, in black and white.

You can click on the blue icon in your post to see it was stated in 2010.

He said it many times on almost every dip in this bull run, interesting to the price of gold and silver every time he said it.


All those time Smegold tied him up in knots, he always can back with Well gold and silver are going to crash 100% guaranteed"


He will still be saying it in a few years when gold crashes from $2500 to $2300 and silver crashes from $170 to $130 and again on the next peak and following dip if he keeps up the pattern.

HAMISH_MCTAVISH

OptionARMAGEDDON wrote: »

You do some time in Nigeria Hamish, or the nastier parts of the middle east?

Middle East and Africa. A lot of decent parts, but also some places that make Port Harcourt look like Disneyland.