Tee Hee

HAMISH_MCTAVISH

Flight2quality wrote: »

By the way Hamish, I think you are posting more about silver than anyone else. Looking through your last posts 90% are the same nonsense about silver. Hit a nerve by any chance? :rotfl:

LOL..... You silly, silly little silverbug.

You've now posted that same response in three threads. Your ramping has reached new desperate highs now that silver has crashed 40% from peak.;)

Of course last time it crashed, it took 30 years of holding a zero yielding asset to recover nominal values.:D

Back in 2009, I was the one posting that silver would perform strongly (see below), in 2011 I was the one warning it would crash. And it did.

Flight2quality wrote: »

You forget your prediction that gold and silver were going to crash when silver was $8 in early 2009 .

Link? Proof?

The earliest quote from me on silver and gold that I can find is this one..... In July 2009.

HAMISH_MCTAVISH wrote: »

All depends on the timescale you're looking at.

Average property price in Feb 09 was 147K. Average property price today is 155K. The most likely near term outlook for property is stagnation and/or mild declines over next winter. But the low next feb will be fairly close to the low in feb this year. Mid to long term property is a great bet, short term, theres little to be had in terms of significant gains over periods of less than a few years as transaction costs are so high. It's easy to wipe out a 10K gain from buying fees, selling fees, stamp duty, marketing costs, etc etc etc.

Since february, inflation on the cpi index has been positive, therefore your cash has been worth less. It has turned negative on the RPI index though, which includes housing costs.

Silver and gold have performed very differently. The spread between the two metals is around historic highs, silver (as well as platinum) may outperform gold in the near to mid term as it has more industrial uses and so should be in greater demand as the recession ends. Whereas gold may decline as money reverses the "flight to safety" that has been the cause of it's gains in recent times. In the last 6-9 months, currency fluctuations have been as significant to UK owners value as the price changes of the metal.

Stocks and shares were at the bottom in March 09. They have since recovered by around 30%. The bottom has been well and truly missed there, but there will probably be some level of pullback or profit taking before the next leg up.

Short term, property isn't going to be among the best performing asset classes. Long term, it probably is. So it all depends on your time horizon for returns.;)

Which seems to have been pretty much spot on.:)

Flight2quality

HAMISH_MCTAVISH wrote: »

LOL..... You silly, silly little silverbug.

Your ramping has reached new desperate highs now that silver has crashed 40% from peak.;)

Of course last time it crashed, it took 30 years of holding a zero yielding asset to recover nominal values.:D

Back in 2009, I was the one posting that silver would perform strongly (see below), in 2011 I was the one warning it would crash. And it did.



Link? Proof?

The earliest quote from me on silver and gold that I can find is this one..... In July 2009.



Which seems to have been pretty much spot on.:)

You've now posted that same response in three threads.

Your ramping has reached new desperate highs now that house prices are going down so much every year.


So now you are denying you made that prediction that everyone remembers you making? Well I suppose its not surprising you would say that instead of admitting you were wrong, knowing your character.

Of course its been deleted now, the silver bullion for investment thread was the most popular on the savings board. Always near the top of the first page, but now its a banned subject. Shame because those of us suggesting silver was a buy in 2009 when it was $8 per ounce have been proved right.

Everyone who posted regularly on that thread remembers you and Smagold arguing and every time you lost your pathetic argument.

Everyone remembers your now famous prediction at the time "gold and silver were going to crash 100% guaranteed" you have never before claimed you never said it, only now you are starting to say you never said it back then.

Before now you used to defend your prediction saying they will crash you silver bulls are going to get wiped out. Trouble is us silver bulls have been right all the way up from $8 per ounce and your prediction was the same as most of what you type on here - hot air. :T

HAMISH_MCTAVISH

Flight2quality wrote: »

now that house prices are going down so much every year.

Prices down 0.6% in the last year...... While the average rent is 5.5% and the average mortgage 3.5%.

Oh yeah..... Terrifying.:rotfl:

So now you are denying you made that prediction that everyone remembers you making?

Nope.

I most certainly have claimed Silver and Gold will crash, 100% guaranteed.

But it wasn't in early 2009 when Silver was $8 an ounce, like you claim.

In fact in mid 2009 I posted silver would likely outperform Gold.

My crashtastic prediction for Silver wasn't until 2010.

And here we are in 2011, and Silver has indeed crashed, by 40%.:T

Jimmy_31

Why is hamish so bothered about people ramping metal prices, his whole life is devoted to ramping house prices............HYPOCRITE.

Graham_Devon

HAMISH_MCTAVISH wrote: »

My crashtastic prediction for Silver wasn't until 2010.

And here we are in 2011, and Silver has indeed crashed, by 40%.:T

It was also that it would crash in 2010.

Not 2011.

Therefore all this "I'm right" is nonsense.

DervProf

lvader wrote: »

I sold my gold when the spot hit around $1890.

Hamish hates you.

[Deleted User]

I think PMs will probably do well in the short - mid term overall as I can see us and other big economies doing more QE or other forms of printing money. But eventually when confidence returns to equities then PMs will have the potential to fall quickly as they do not provide an income so there is little incentive to hold on to them when they do start to fall. Thats why I'd never invest in them.

Flight2quality

[quote=[Deleted User];47186311]I think PMs will probably do well in the short - mid term overall as I can see us and other big economies doing more QE or other forms of printing money. But eventually when confidence returns to equities then PMs will have the potential to fall quickly as they do not provide an income so there is little incentive to hold on to them when they do start to fall. Thats why I'd never invest in them.[/QUOTE]

I also think PMs will do very well in the short term -mid term. Not saying that just because I want to disagree with Hamish, that's just a bonus

Go on then Hamish what's your prediction for the short -mid term on PM's?

For the record I think silver will average double today's price next year, and double again the year after and maybe the year after as well. There will be the normal healthy dips and peaks along the way. I also predict Hamish will come on here in every big dip starting childish threads like Tee Hee:rotfl:


Go on Hamish, you still think that is the end of the bull run for PM's? Bear market from now on? I think you are on your own thinking like that.

HAMISH_MCTAVISH

Flight2quality wrote: »

Go on Hamish, you still think that is the end of the bull run for PM's? Bear market from now on? I think you are on your own thinking like that.

I think the silver bull run is over for the short to medium future.

And I'm not alone thinking like that.;)

Silver longs have already been taken to the shearing shed and royally fleeced over the past few days and are in a state of shock, smarting from massive unexpected losses, and many are not psychologically disposed to "bite the bullet" and get the hell out before they incur further huge losses.

Thus, after already being fleeced they are likely to bleed steadily to death as silver heads lower in the weeks and months ahead.

"It will come back" they will console themselves, and they and their cheerleaders will be looking around for someone to blame - the banksters, the cartel, the Comex, J P Morgan etc, who have conspired to cheat them out of their just rewards - anyone but themselves.

hallmark

HAMISH_MCTAVISH wrote: »

Ain't VAT a b1tch.....:cool:

Hm, VAT on newbuild BTL properties, careful you don't give the revenoo ideas....