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Debate House Prices
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Tee Hee
Comments
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Graham_Devon wrote: »People are pulling money out of gold (and lots of other commodities) as they are holding cash.
So not a true store of wealth then.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Talking out of my a*r*s*e as usual were those commodity speculators expecting more Q.E. to ramp up commodities and instead they got 'twisted'.
J_B.0 -
If silver was a holder of wealth (which has been stated on here many times) in times of financial stress people would be be buying it to preserve wealth, not selling it to hold cash??Graham_Devon wrote: »It shouldn't be doing anything. There are no hard and fast rules. If commodities and stocks should do something in reaction to a situation we'd all be loaded as we'd simply be able to take advantage of every situation knowing precisely whats going to happen.
As for your message about what it should do, please do some research.
http://goldprice.org/
Change the graph to 5 years and you will see gold fell between 2008 and 2009, proving your theory completely and utterly wrong. Same happened to silver.
People are pulling money out of gold (and lots of other commodities) as they are holding cash.
So sorry, their is a rule for items that are holders of wealth, people purchase them to store wealth in times of trouble.
They don't dump them like the plague, it was a bubble a lot of fools purchased into believing what people where saying.
There are loads of quotes on here about it being protection against FIAT money collapse. So if that were true people would be buying now as the slim risks of that happening are increasing now.
Opposite is happening, so not a store of wealth.0 -
Graham_Devon wrote: »Change the graph to 5 years and you will see gold fell between 2008 and 2009, proving your theory completely and utterly wrong. Same happened to silver.
Wrong, in GBP gold has held as a store of wealth
Silver is not a store of wealth like gold in the modern world, simple.
Silver has increased more than gold in percentage terms, there is no logical reason for that to happen other than it being a bubble.0 -
My precious metal holdigns are worth exactly the same to me as they were a week ago, though, Hamish. They are still worth a ring / necklace / bracelet / etc as far as I'm concerned (-:...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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If silver was a holder of wealth (which has been stated on here many times) in times of financial stress people would be be buying it to preserve wealth, not selling it to hold cash??
They don't dump them like the plague, it was a bubble a lot of fools purchased into believing what people where saying.HAMISH_MCTAVISH wrote: »So not a true store of wealth then.
So hang on. Am I reading this right?
You want to call these people fools, PM nutters etc. Which is fine...your perogative and all that.
However, showing this much glee over being correct over "the nutters"? Erm ok.
How about we touch on what I said about why commodites can fall like this and houses cannot and will not, due to the illiquidity?0 -
Graham_Devon wrote: »So hang on. Am I reading this right?
You want to call these people fools, PM nutters etc. Which is fine...your perogative and all that.
However, showing this much glee over being correct over "the nutters"? Erm ok.
How about we touch on what I said about why commodites can fall like this and houses cannot and will not, due to the illiquidity?
You will have the cheek to be happy when Rewired thanks this post.
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So, it appears that our resident oracle, Hamish, has got another prediction correct. He certainly is a talented chap, isn't he ? He knew they'd fall in price, that's why he sold his gold and silver a little while ago, having made a small fortune on them. I think the "Tee Hee" is him laughing all the way to the bank.
You did invest in gold/silver, didn't you Hamish ?
Or is the recent fall in silver/gold prices just a bit of cold comfort ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Corrected this for youHAMISH_MCTAVISH wrote: »
House Prices
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In "real" terms, compared to gold and silver how did my houses (and flats) do today?
That made me laugh big time.
When we starting Gold price crash websiteWe love Sarah O Grady0
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