Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

They called us “Tin Foil Hat Men” and “crackpots”.

Options
Asheron
Asheron Posts: 1,229 Forumite
in Debate House Prices & the Economy
They called us “kooks” and “crackpots”. They said our ideas were outdated and incompatible with modern finance.

They said it wouldn’t last.

Oh yes, Gold, they said, was a silly investment with no inherent value, and soon, precious metals investors would be “wiped out” by the “inevitable implosion of the gold bubble” (gold bubble….?).

Mainstream establishment economists and Keynesians have been yipping and snarling like overanxious Chihuahuas for the past two years against gold and silver, most specifically their use as a hedge against collapse in stocks and currencies.

As it turns out (and just as we expected), gold and silver have held strong and even made record gains. Gold is one of the top performing investments of the decade, rising over 277% in value from 1999 to 2009:

Read Full Article

http://neithercorp.us/npress/?p=579
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
«134

Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Asheron wrote: »
    They called us “kooks” and “crackpots”.

    Hamish called you a cook, it's his accent. :D

    Crackpot, well TBH fella that could of been any of us, I think even you think you are one.:)
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Maybe a "gold foil hat man" would be more appropriate then.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Euphoria1z
    Euphoria1z Posts: 952 Forumite
    what about investing in gold now asheron? you think it will make similar gains in the next 10 yrs?
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Euphoria1z wrote: »
    what about investing in gold now asheron? you think it will make similar gains in the next 10 yrs?

    Very good question very well put.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Asheron
    Asheron Posts: 1,229 Forumite
    edited 23 June 2010 at 8:50AM
    Euphoria1z wrote: »
    what about investing in gold now asheron? you think it will make similar gains in the next 10 yrs?

    Yes, it's not too late. It will probably hit $2500 oz and when it does, god help us all.

    You think I want it to go higher? well to be honest... No I don't

    If it does... it means our worse fears have come true.
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Asheron wrote: »
    You think I want it to go higher? well to be honest if it does it means our worse fears have come true.

    Noel's house party will be back again on Saturday evenings.:eek:
  • Asheron
    Asheron Posts: 1,229 Forumite
    Really2 wrote: »
    Noel's house party will be back again on Saturday evenings.:eek:

    lol :rotfl:
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • Raggs_2
    Raggs_2 Posts: 760 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Of course, if you'd have bought in the 80s you wouldn't have made a profit. And in 99 was just about the lowest price in 30 years.

    And if I'd have been smart enough to invest in google in 2004, when they first opened publicly, I'd have had a 500% increase.
  • bendix
    bendix Posts: 5,499 Forumite
    Come on Asheron. Tell us the truth:

    1) How much do you weigh?

    2) Have you ever had a girlfriend? A real one, I mean, not an online one.
  • Pete111
    Pete111 Posts: 5,333 Forumite
    Mortgage-free Glee!
    Asheron wrote: »
    They called us “kooks” and “crackpots”.


    For those who wonder why - try a quick review of their posts to date....
    Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture