We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
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!
How do you know when its a crash?
Comments
-
Oh well, I think it might be a good time to buy silver soon.
(ducks behind sofa, ducking slippers).“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Im guessing quite a few spreadbetting accounts without stop losses have got wiped out by the sudden decline.
Unless he had enough money in the account to cover a complete collapse, but who would do that
Apparently I should blame JP Morgan/The Rothschilds/Goldman Sachs.
Jewish conspiracy anyone...?0 -
Just been a 10% rally in the last hour. Interesting stuff.
We've only just touched yesterdays close though so the trends still downward.Faith, hope, charity, these three; but the greatest of these is charity.0 -
If gold and/or silver are the only true forms of money (as some appear to believe or at least profess) you'd imagine that they'd be cheering gold and silver all the way to the bottom.
After all, if the value of these pieces of true money is fixed by virtue of being finite (unlike fiat money say which is infinite, in theory at least) then the more of it you can get in exchange for transient assets the better.
I can see why someone who has invested in a house or a share would want it to rise in value but someone buying gold surely wants the price to fall and stay as low as possible as money has to be spent, it can't just be a buy and hold proposition.
nothing can be fixed in value by virtue of being finite. there is no logic in that. the only thing that determines value (to humans) is human demand. demand is never fixed. some people like to think they can contravene that rule by buying gold or whatever. truth is there is never a total guarantee on anything.
to the gold hoarders and pension obsessives i say face facts we're all mortal. we're all going to die. !!!! happens.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
Just been a 10% rally in the last hour. Interesting stuff.
We've only just touched yesterdays close though so the trends still downward.
bulltrap or "return to normal" or whatever it's called, where's that stupid graph when you need it. probably been censored by jp morgan or something.0 -
-
If gold and/or silver are the only true forms of money (as some appear to believe or at least profess) you'd imagine that they'd be cheering gold and silver all the way to the bottom.
After all, if the value of these pieces of true money is fixed by virtue of being finite (unlike fiat money say which is infinite, in theory at least) then the more of it you can get in exchange for transient assets the better.
I can see why someone who has invested in a house or a share would want it to rise in value but someone buying gold surely wants the price to fall and stay as low as possible as money has to be spent, it can't just be a buy and hold proposition.
Would someone be so kind as to explain this fiat money gubbins please? I take it it's nothing to do with Puntos or Bravas?Set your goals high, and don't stop till you get there.
Bo Jackson0 -
wherediditallgothen wrote: »Would someone be so kind as to explain this fiat money gubbins please? I take it it's nothing to do with Puntos or Bravas?
it's currency that is not backed up by any holdings such as gold. basically it only has value because everyone believes in it. otherwise it's just bits of paper and /or numbers in bank accounts.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
it's currency that is not backed up by any holdings such as gold. basically it only has value because everyone believes in it and has to else they will be put in jail for not paying their taxes with it. otherwise it's just bits of paper and /or numbers in bank accounts.
Fixed for you
0 -
wherediditallgothen wrote: »Would someone be so kind as to explain this fiat money gubbins please? I take it it's nothing to do with Puntos or Bravas?
Fiat means 'order or diktat' so fiat money is using something as money because you are told to rather than because it has any intrinsic value.
The Pound used to be backed by gold, that is a pound note could be swapped for a gold Sovereign coin containing 113 grains of gold. Before that, the name Pound Sterling comes from the origin of the British currency: a Pound was a pound of silver.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 245.9K Work, Benefits & Business
- 602K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards