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Debate House Prices
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Best place to put money?
Comments
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In the land of Hamish, properdy is the only investment. Gold could rise 100000000% in price, but it's just a bubble, so it doesn't count.
Hamish, why not admit that there are other places some people will want to invest their money, and sometimes they will do better than they would have done if they bought a pile of bricks ?
I have a pile of bricks. I have a reasonable stack of cash. I have some shares. I even won the lottery a couple of years ago (not just a tenner). I wouldn't dare suggest that people should heavily invest in any of the things that I have (although I would recommend spreading their options). You seem to be a property pimp. Why not widen your narrow thinking ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I even won the lottery a couple of years ago (not just a tenner).
How much did you win Derv? I've only ever bought one ticket and that was on my 16th birthday. I got four numbers and won about £70, so I've never played again and always looked at the lottery with a certain misplaced smugness that I've beating the house.0 -
Flight2quality wrote: »this bull run.
Is over.
Silver longs have already been taken to the shearing shed and royally fleeced over the past few days and are in a state of shock, smarting from massive unexpected losses, and many are not psychologically disposed to "bite the bullet" and get the hell out before they incur further huge losses.
Thus, after already being fleeced they are likely to bleed steadily to death as silver heads lower in the weeks and months ahead.
"It will come back" they will console themselves, and they and their cheerleaders will be looking around for someone to blame - the banksters, the cartel, the Comex, J P Morgan etc, who have conspired to cheat them out of their just rewards - anyone but themselves.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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..
Same here hamish, im using a 1 kilo solid lump of gold as a doorstop, look at what i have got:rotfl:0 -
None of those is at the bottom. The rate of inflation may fall, but it's hard to see what can outstrip it when there's no growth anywhere. The days of things going up may be over for a while.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?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
How much did you win Derv? I've only ever bought one ticket and that was on my 16th birthday. I got four numbers and won about £70, so I've never played again and always looked at the lottery with a certain misplaced smugness that I've beating the house.
A five figure sum.
The syndicate I contribute to won a six figure sum.
I will die having made a decent profit from the national lottery, assuming I continue gambling the same amount that I do now.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
The best thing to do with money right now is to keep moving it.Not Again0
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1984ReturnsForReal wrote: »The best thing to do with money right now is to keep moving it.
Well, I`ve just moved a few tenners from one drawer to another. How long before I see the benefit ?
Seriously, I agree. If you have got savings account(s), keep an eye on those rates, and don't let the banks get away with poor rates.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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