House prices have crashed 80%

Cleaver

Flight2quality wrote: »

This fund manager has increased to only 10%, but he is saying soon to be nearer to 25%.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/9/12_Peter_Schiff.html

Most people including fund managers are talking about gold and silver but they are still not buying it yet. Only when they are all buying it could it be considered a bubble.

I ask you for some fund managers who may increase their fund holdings in PMs to 25% and you come back with Peter Schiff who is CEO of a gold and silver investment company? Well no sh*t sherlock.

Any others?

chewmylegoff

Cleaver wrote: »

I ask you for some fund managers who may increase their fund holdings in PMs to 25% and you come back with Peter Schiff who is CEO of a gold and silver investment company? Well no sh*t sherlock.

Any others?

the Claymore Gold Bullion ETF seems heavily invested in gold. it's probably just paper gold though.

Cleaver

Tnemeleht74eht wrote: »

Well here is a good interview with him and James Turk.

youtube.com watch?v=LuunlUJL0XM

Why are you telling me who Dom Frisby is again? You've already explained who he was a few weeks ago on this very thread using one of your other usernames.

bradburm

Flight2quality wrote: »

Dom Frisby MW.

this guy just keeps on coming back.

Cleaver

Tnemeleht74eht wrote: »

Well here is a good interview with him and James Turk.

youtube.com watch?v=LuunlUJL0XM

http://www.youtube.com/watch?v=LuunlUJL0XM

I had a look at that interview, and I've posted up a proper link (you can't do that as you keep being banned).

So the video. From what I can tell the CEO of a gold organisation called the Goldmoney Foundation has paid to be interviewed by journalist known for his bullish stance on gold, in a series of podcasts called Goldmoney Podcasts, to discuss whether you should buy gold.

What's really surprising and refreshing is that he's actually saying that gold isn't a sensible buy beacuse of... oh, hang on... no, he is actually ramping gold.

To be serious for one second, after about 4 minutes he talks about how gold and property are the things to hold at the moment for similar reasons. Are you sure you like this chap silver and gold dude with lots of usernames?

chucknorris

Really2 wrote: »

Check again, I have stolen your gold and replaced it with goats cheese.
I must admit it may not weather as well, but you will see an increase in wildlife.

check again, I was quite hungry one evening shortly after you 'installed' the goats cheese so I ate it. I replaced it with the most worthless material I could find (silver).

Mr._Pricklepants

Flight2quality wrote: »

If the average UK house now costs £165,914 and todays price of silver is £26 per ounce, then the silver/house price ratio has gone down to 6381.3 ounces of silver worth the same as an average house.

I can see it going below 1000 ounces of silver worth the same as an average house, maybe even 500 ounces as many are predicting.

We don't often see these silver/house price ratios anymore on the forum. I wonder why.

Probably because you'll now need 12,891 ounces to buy the average house. :rotfl:

cotleigh

Buying property when you see high inflation, devaluation of currency happening or coming also makes sense, and as a bonus, you can live in your house while inflation rapidly makes your mortgage look more like a car loan. It certainly worked for my parents generation in the 1970s! You can't live in your pile of gold bars. Unless you have absolutely loads of them, and then you'd be worried about people stealing them.

HAMISH_MCTAVISH

Mr._Pricklepants wrote: »

We don't often see these silver/house price ratios anymore on the forum.

I wonder why.

Because if you'd sold your house to buy Silver a couple of years ago, you could buy back a quarter of a house today.

antrobus

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. .....Yesterday's London PM gold fix was £1,182 an ounce. So the average UK house now costs 140.4 ounces of gold....

Since we're resurrecting old threads here, I thought I'd point out that the typical UK home is now worth £167,912 according to May 2013 data from Nationwide. Yesterday's London PM gold fix was £840 an ounce. So the average UK house now costs 200 ounces of gold. UK house prices have therefore increased by about 42% in gold terms since August 2011.

Shouldn't we therefore be talking about 'Britain's secret house price boom'?:)