propped up by government stimulus projects and have yet to crash: buy silver instead

Procrastinator333

All these silver pushers remind me of the story from the great depression. A rich investor on his way to work stopped to get his shoes shined. The young lad doing it offered some advice on hot shares he had heard about. If a shoeshine boy was giving investment advice, it was time to get out and he went and sold all his stocks. A short while after it all crashed.

I don't know if we are at the top, mabye plenty more to come. But just looking at it and all the ramping, just feels like we are far closer to the top than the bottom. If you invest in it, good luck to you.

Niksan

Element47 wrote: »

We have asked so many times for an explanation from MSE team, but always falls on deaf ears.

That's because they wants it all for themselves, mark my words, it'll start with silver shoes then all the MSE staff will be walking around like Robocop.

The_Fox_3

Procrastinator333 wrote: »

All these silver pushers remind me of the story from the great depression. A rich investor on his way to work stopped to get his shoes shined. The young lad doing it offered some advice on hot shares he had heard about. If a shoeshine boy was giving investment advice, it was time to get out and he went and sold all his stocks. A short while after it all crashed.

I don't know if we are at the top, mabye plenty more to come. But just looking at it and all the ramping, just feels like we are far closer to the top than the bottom. If you invest in it, good luck to you.

What is your view on the property market, bearing in mind I know a cleaner who is now buying her second BTL

wotsthat

The_Fox wrote: »

What is your view on the property market, bearing in mind I know a cleaner who is now buying her second BTL

Foxy, for saying you think all BTL owners are scumbags you don't half seem to know a lot of them.

Procrastinator333

The_Fox wrote: »

What is your view on the property market, bearing in mind I know a cleaner who is now buying her second BTL

Nothing particularly exciting - I sit in the middle, though slightly bearish. Disagree with most of the bulls on here. Disagree with most of the bears on here.

There are so many pressures that should be exerting downward pressure on prices at the moment. However they are offset by the simple fact there is nothing driving up the number of forced sellers. No forced sellers = no crash. Imo, prices will glide gradually down over the next year or 2, most of the real value falls will come via inflation, not nominal erosion. Probably as much as another 20% to go between the 2 though.

And no doubt the following will not endear me to you either. The fact you know a cleaner does not impact on my opinion. I generally don't believe the comments of those with such entrenched, extreme and ridiculous views. And to cap that off, if in the future I believe there to be a buying and profit making opportunity via btl, I will take it. The fact that I would endeavour to be a fair and reasonable landlord probably has no bearing on your likely response.

Imo such sweeping statements as you have posted previously are the symptom of an ignorant mind. The fact is there are decent landlords. The fact is there are scumbag landlords. The fact is there are fantastic tenants. The fact is there are scumbag tenants.

Element47

today silver is shooting up way faster than gold,

The_Fox_3

wotsthat wrote: »

Foxy, for saying you think all BTL owners are scumbags you don't half seem to know a lot of them.

I do.

Read back on some of my previous posts, i work in close proximity to many of them, many sadly see me as a friend. There is one who i have mentioned before who i would not even dare even off handedly talking about in case he/she should find out, really scary nasty person.

But i have said it before and i will say it again, its the BTL business which i see as more of the devil than i do the people involved, even then most BTL "property developers" are in general quite horrible people.

Look!, i will give you yet another example on yet another day when as i see it BTL is destroying the fabric of todays society. FTB's age on average now gone up to 44, FORTY FOUR, the age when many are getting close to becoming Grandads for Gawd's sake.

And a meeting i had yesterday on a subject where i ridiculed someone on here(sorry) a while back, a client talking about Chinese now buying up UK property as an investment in big numbers.
I have nothing against Chinese, i actually quite admire them in so many ways that i will not bore anyone on here with, but they should(or anyone else) be buying up property that should be used for BRITISH familys. I am sorry if using the word BRITISH sounds racist(which i am not), but my family and my ancestors fought and struggled to reach the point today when their children can live in freedom with dignity. Today we have Polish, Muslims and many others just walking in and demanding the rights our familys died for over a 1000 years, and now we are handing over our properties to the Chinese.

What will you think if our farmland starts getting bought up by outsiders and then used to feed people outside of the UK, if you don't think this can happen then just look back to the potato famine in Ireland.

Answer to your question

YES i know far to many BTL types:)

Ilya_Ilyich

Are JPM still sitting on a massive silver short? I for one wouldn't feel comfortable betting against them.

mr_fishbulb

Ilya_Ilyich wrote: »

Are JPM still sitting on a massive silver short? I for one wouldn't feel comfortable betting against them.

Haha - I am sitting in my massive silver shorts. They look well nice.

Article on the JPM shorts - http://opinionator.blogs.nytimes.com/2011/03/02/a-conspiracy-with-a-silver-lining

Really2

47thElement wrote: »

As has been said many times you get your VAT back when you sell silver bullion privately inside the UK.

The general price going rate for silver bullion in the private market is about the same as buying it new from a dealer with 20% VAT on top.

Shows how stupid silver buyers are, they will never be able to sell it to a proper buyer above ex vat spot price.

How the hell can you liquidate it quickly without taking a 20% hit.

IF you think you can sell for more than the ex VAT price you stand to lose. Simple as, nothing is worth more than the ex vat price when being sold back to wholesale.

One way ticket to losses for the dimwits at the end of the chain.

Silver Purity:

Weight: grams
Your 31.1g of Silver (.999) is worth £18.33
Price Correct as of: Monday 3rd of October 2011 13:00
No Fees or Charges
1 troy ounce = 31.1g

Show me a place ware you can sell back to wholesale for 20% above the ex vat cost and we may believe you.
In reality you wont even get the current ex vat price as they pay less for "scrap" 2nd hand silver.

1oz of .999 = £20 inc delivery?
http://www.ebay.co.uk/itm/NEW-1-oz-german-silver-FAST-SHIP-/220865217416?pt=UK_Coins_Bullion_Bars_SM&hash=item336c97c388#ht_527wt_1061