House prices have crashed 80%

Cleaver

I've just realised how odd my comments in this thread will look when all the gold and silver username get deleted. Look like I'm talking to myself, which is kinda what I'm doing anyway.

How are you Ad? Nice to see you around. All good?

Cleaver

TheEnigma wrote: »

Very interesting. I wonder how many others on here have such a small percentage of their portfolio in gold and silver? I would guess most have less or none at all.

Most traditional and long term investors wouldn't term 3% of their portfolio in metals as 'small'. I'd say anywhere between 1% and 10% of a balanced portfolio in metals would be seen as sensible based on most people's investment objectives, which are normally long term, steady growth.

TheEnigma wrote: »

When Joe Public start buying in and most investors and big fund managers have 25%+ in gold and silver, then you could start to see a bubble forming.

For a fund manager to be investing 25% in gold they'd have to have a very flexible mandate with regard to their management of assets. Which funds are you thinking about that you see moving towards 25% of their assets in gold and silver?

Even someone like William Littlewood who is known to be very bullish about gold at the moment and has licence to invest in anything through his Strategic Assets fund at Artemis has only got 3% in gold bullion. If he went to 25% though I imagine most people would take their money out, as it would be very gold heavy.

deary65

Flight2quality wrote: »

I dont know, is goats cheese money?

yes, I know that because you buy and sell houses in pounds, it is the pound price that is important. But it is vital for people to see the fraud that is 'pound price'. The pound, our national system of money, is flawed. No, worse than that, it is corrupt, dishonest and unjust. It is being systematically debased. It benefits the issuers at the expense of the holders.
You need to stop measuring markets in terms of flawed currency, and start thinking in sound currency. Otherwise you're falling for the con. The sooner large swathes of the population start seeing this, the sooner money gets reformed and the better off we'll all be – not only financially, but socially and morally. So spread the word, rise up, revolt, if necessary. Or if not that, at least measure markets in gold or silver honest money.

Have a look at this 'the money masters' explains everything!http://www.youtube.com/watch?v=JXt1cayx0hs

Lokolo

Cleaver wrote: »

I was arguing that for the majority of British public the price of their house relative to gold isn't really something they need to be that interested in, as it has no practical implications to them.

What!? I always thought you paid for everything with gold and silver!?

Oh wait... thats World of Warcraft.

HAMISH_MCTAVISH

nollag2006 wrote: »

Here's what Dom had to say about the property market at it's lowest point in March 2009:
http://www.moneyweek.com/investments/property/uk-house-prices-will-plummet-look-at-this-scary-chart-14664

Classic fail - I believe the term is !!

:rotfl:

Priceless.

puddy

whats happened to gingerbread houses?

chucky

Flight2quality wrote: »

House prices have fallen by 80%, measured in gold

According to the August data from Nationwide, the average UK house now costs £165,914. (That is considerably more – over six times more, in fact – than the average UK salary, which according to the Office for National Statistics, is £25,900 before tax).
Yesterday's London PM gold fix was £1,182 an ounce. So the average UK house now costs 140.4 ounces of gold. (And the average UK wage earner takes home the equivalent of 22 ounces of gold per year).

moneyweek. combritains-secret-house-price-crash-13701

what's kind of dividend has gold paid in that time?

Flight2quality

chucky wrote: »

what's kind of dividend has gold paid in that time?

Far better than dividend is real return on your investment. Like when it doubled from $500 to $1000. Now its almost doubled again to $2000.

Some fools will still be saying "but gold doesnt pay a dividend" when it doubles again to $4000.

Any way just had an interesting private message, wont say who it was from..........


Hi flight2quality

I admire you bothering to post on a forum infested with property bulls who can't cope & thus resort to ridicule. However may I say you are wasting your energy by doing so?
Cgnao started here (on 'savings') in 2004 warning of the collapse & only gold will protect etc, & still investment 'advice' consists of comparing ISAs !!
Hamish always goes for ridicule but if you throw it back at him he goes off whinging & gets the post (or thread) removed. So why bother? Why not join a forum like purely for example ) 24knews ? & leave these idiots to themselves.
None of my business & I'm totally out of order.
Best wishes

xxx

chucky

Flight2quality wrote: »

Far better than dividend is real return on your investment. Like when it doubled from $500 to $1000. Now its almost doubled again to $2000.

Some fools will still be saying "but gold doesnt pay a dividend" when it doubles again to $4000.

ahh, US dollars... how much is your US dollar worth in that time?

i like the PM message you received, it looks like you need to join a dating time.

Flight2quality

chucky wrote: »

ahh, US dollars... how much is your US dollar worth in that time?

i like the PM message you received, it looks like you need to join a dating time.

Ok price it in £ if you like, when it doubled from £500 to over £1000 per ounce recently, some fools will still be saying "but gold doesnt pay a dividend" when it doubles again to £2000.

Price it in goats cheese if want, you cant argue with a trend as strong as gold and silver going up.