2012 and onwards Predictions

Jimmy_31

IveSeenTheLight wrote: »

IIRC you said that properties wer available for under £60k and this data can be backed up for terraced houses where the average is currently £57k, representing a 26% drop from peak.

You've referred before that you think these properties will be available to be bought for cash.
What nominal level do you envisage they will drop to?

Of course the biggest variance in Oldham has been on detached properties, where the price has dropped a similar 26% from circa £271k to £201k

Im not from oldham so i wouldnt know too much detail about prices around there.

The 30k repo 2 bed terrace i have mentioned previously has now been updated on rightmove and an offer has been made of £24.5k.

Wouldnt surprise me if similar houses (repos or sales) dropped to below 20k in the coming months.

Going4TheDream

Road_Hog wrote: »

From memory he did actually switch to Euros for a short while. Iran talks about switching currency/payment, so expect war on terror/Arab Spring sometime soon.

Isnt that on the cards anyway 'under the guise' that they have pretty much got enough enriched uranium for 4 nuclear weapons?

Get-real-buy-real

Road_Hog wrote: »

Since VAT is charged on silver even for investment purposes (unlike gold), unless you are a business, how do you make a profit when you have to pay VAT on your purchase price but can't reclaim it on your selling price?

It has been said on here many times before. You get the VAT back when you sell privately. Because the general price for privately sold silver bullion in the UK is just a little under the final price you would pay from a dealer.

If I bought a 1kg Silver bullion bar from a dealer I would be paying today £740 plus 20.00% VAT = £888.00


If I wanted to sell today I would get around £870 on spotmex or just advertise on gumtree or another free to advertise place.

Or wait a few years for much higher prices before considering selling it all off slowly.

Prices on ebay are more simply because the seller of silver bullion will be taking home around £870 after all other expenses.

Personally myself when buying I would prefer to buy privately from spotmex for a little under what I would be paying from a dealer.