House prices may fall by up to 25%

Loopgames

FTBFun wrote: »

Me too.

Because of course, if you're trying to increase the price of a particular precious metal, the best way to do that is to spam an internet forum frequented by (at most) 50 people.

Oh! so that's why you guys are trying to censor discussion about silver investment on these forums.

Ok - good bye then. I won't be missed I know..since some of my posts are being deleted by moderators now I'll leave. And I'm only on here to discuss silver there's no point anymore starting a discussion only to find that moderators want to maintain ignorance about money and history of the currency market and how it links in with cycles.

Anyone who is a silver investor I think kitco.com is the best place to go to now.

Good luck guys.:D

chewmylegoff

ok, i've had enough. i will buy your silver from you, and i will reimburse you for your VAT loss, just as long as you promise to be quiet.

chucknorris

jpmorgue wrote: »

There is no VAT loss with silver bullion that`s the beauty of it.

Yes you pay VAT when you buy but that is then what it is worth if you want to sell it privately.

When you want to sell look at how much it would cost to buy that same bullion from a dealer with VAT on top and that`s about what you can sell yours for.

You have to go on a waiting list to buy from a bullion dealer so someone who actually has silver available for sale can get very good prices. But why sell now, its still cheap now is the time to buy.

Sounds good but I'm keen to know how much rent you can get for silver?

IveSeenTheLight

brit1234 wrote: »

House prices may fall by up to 25%

I though maybe their headline should have the same structure as where the article is from, so highlighted the "may and "up to"

Incredicly they have a good chance of being correct as a 1% fall is within the "up to 25%" prediction.

Jimmy_31

IveSeenTheLight wrote: »

I though maybe their headline should have the same structure as where the article is from, so highlighted the "may and "up to"

Incredicly they have a good chance of being correct as a 1% fall is within the "up to 25%" prediction.

Luckily its not just the financial website of the year who are predicting 25% falls, the london stock exchanges site published an article yesterday also predicting 25% falls in prices.

julieq

I love it when interests are only vested when they're pointing in the opposite way bears want to believe something.

The article on the stock exchange site is provided by an external supplier, and the numbers are provided from the same press release as the OP, by a company called CheckRisk which provides tools for investors to look at risk.

So the definitely wouldn't be overstating risks of a fall to worry people into using CheckRisk software to analyse risk, would they?

The article does point out that other commentators are suggesting stagnation.

B_Blank

julieq wrote: »

I love it when interests are only vested when they're pointing in the opposite way bears want to believe something.

The article on the stock exchange site is provided by an external supplier, and the numbers are provided from the same press release as the OP, by a company called CheckRisk which provides tools for investors to look at risk.

So the definitely wouldn't be overstating risks of a fall to worry people into using CheckRisk software to analyse risk, would they?

The article does point out that other commentators are suggesting stagnation.

O come on Julie. Stop the trolling. Consensus among economists is a 5-10% real term fall in house prices this year. This is looking likley from the land registry figures.

Get a grip julie!

julieq

Well let's come back in a year Blankie, and we'll see, won't we? As pointed out in the article Jimmy was quoting, the Nationwide aren't part of that consensus, they're predicting nominal stagnation. I think you may be selectively choosing the participants in your consensus. Since you fluctuate wildly yourself between predicting rises, falls and the end of the world as we know it because some people dare to rent houses to other people, it's a little difficult to understand where you sit.

Incidentally you have about as much understanding of what trolling is as you have of how the housing market works. Trolling is the deliberate disruption of a discussion forum via a number of well known rhetorical techniques to create arguments. It isn't disagreeing with B Blank.

julieq

The silver (and gold) thing is interesting. There was the first mention on Newsnight last night I've seen of a "new paradigm" for precious metals based on Asian growth and use of precious metals as a hedge - I think they even questioned directly whether "things are different this time" - but if you believe housing was a bubble, precious metals is a bubble by the same logic.

You can currently become rich by buying something and sitting on it, just as you could with housing. Silver is maybe a special case because since lead is being replaced with silver for electronics manufacture because of RoHS, there's some argument for saying it's valuable economically, but gold certainly isn't.

As with most bubbles though, those sitting outside issuing warnings look increasingly foolish as prices rise apparently every upwards while those sitting inside thumb their noses at them. Good luck to them really, but just do keep mindful of the HPC graphs for housing and remember that you never go bankrupt by selling at a profit. When everyone "knows" you get rich buying gold, it's the widows and orphans phase and since not all widows and orphans can get rich just by owning lumps of metal, it's time to hit the exits.

As I've said, I think the trigger for the precious metals bubble popping is likely to be problems in the Far East property bubble and the need to realise cash there. But it's anyone's guess when that will be.

DervProf

julieq wrote: »

As with most bubbles though, those sitting outside issuing warnings look increasingly foolish as prices rise apparently every upwards while those sitting inside thumb their noses at them. Good luck to them really, but just do keep mindful of the HPC graphs for housing and remember that you never go bankrupt by selling at a profit. When everyone "knows" you get rich buying gold, it's the widows and orphans phase and since not all widows and orphans can get rich just by owning lumps of metal, it's time to hit the exits.

Are you implying that housing is, or has recently been in a bubble ?