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Debate House Prices
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Plunging Property and stock markets
Comments
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IveSeenTheLight wrote: »didn;t he say
Is silver life sustaining?
If we want the information age we are in to continue then silver is life sustaining. With out silver we would be back in the stone age.
Any way this thread is about plunging property and stock markets.
Do some seriously think we have touched bottom already or does everyone agree the GFC has some way further to go yet?0 -
Flight2quality wrote: »Any way this thread is about plunging property and stock markets.
Whilst the thread title is about plunging property and stock markets, the quote in the OP states: -Their problem, diversify into what? The answer may be to diversify into something that is life sustaining...Sustaining may be a matter of food, water, and shelter.
As I understand it, shelter would involve property.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Whilst the thread title is about plunging property and stock markets, the quote in the OP states: -
As I understand it, shelter would involve property.
Yes believe it or not getting back into cash flowing real estate is my ultimate goal.
I just think I can buy more houses by buying silver now than buying property now.
In a few years if silver is a lot higher and houses a lot lower I will be right. I.e it takes less ounces of silver to be worth the same as an average house.0 -
Flight2quality wrote: »Yes believe it or not getting back into cash flowing real estate is my ultimate goal.
I just think I can buy more houses by buying silver now than buying property now.
In a few years if silver is a lot higher and houses a lot lower I will be right. I.e it takes less ounces of silver to be worth the same as an average house.
If the global markets all crash to the point where currency is useless, developed countries all default and move in to chaos, house prices crash 50%+, and silver rises 400% (which are four things you've said you think will happen), why would you be interested in buying a load of houses? The last thing you'd be thinking about in that situation is buying property, your main concern would be how you'd survive in a world without the infrastructure required to do all the normal things we do today.0 -
Flight2quality wrote: »Yes believe it or not getting back into cash flowing real estate is my ultimate goal.
I just think I can buy more houses by buying silver now than buying property now.
In a few years if silver is a lot higher and houses a lot lower I will be right. I.e it takes less ounces of silver to be worth the same as an average house.
Why then does you link not state the smart money is to buy silver?
It statesThe big, smart money is choosing diversity. Their problem, diversify into what? The answer may be to diversify into something that is life sustaining...Sustaining may be a matter of food, water, and shelter.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
If the global markets all crash to the point where currency is useless, developed countries all default and move in to chaos, house prices crash 50%+, and silver rises 400% (which are four things you've said you think will happen), why would you be interested in buying a load of houses? The last thing you'd be thinking about in that situation is buying property, your main concern would be how you'd survive in a world without the infrastructure required to do all the normal things we do today.
I hate it when us gold and silver bulls are all thought of as end of the world armageddonists. I have always stated my views very clearly that I do not see things ever getting that bad in the UK at least.
Yes I think silver will go up significantly because its so undervalued right now, it will be over valued sometime, but I never said a specific time frame or amount. And yes the current monetary system will collapse. But I never said the world will move into chaos.
Houses and buildings will all still be there, it's just you will need a lot less ounces of gold and silver to be worth the same as them. Then the wealth transfer will be complete
it's just history repeating the same cycle that has repeated for thousands of years.IveSeenTheLight wrote: »Why then does you link not state the smart money is to buy silver?
He does say buy silver bullion. He also says store food and water which I do not think things will ever get that bad.0 -
Flight2quality wrote: »He also says store food and water which I do not think things will ever get that bad.
I do tend to try and buy food (freeze) when there are deals on.
I also buy non food items in bulk when the right deal is there.
Normally though, food has a shelf life and I cannot see how storing food will provide a significant return on my investment.
Gold and silver may be undervalued, I don't know.
I'd certainly question the levels they are undervalued in your opinion given they dropped in value significantly earlier in the year.
If they were so undervalued, why did they not continue to rise.
Where are all the investors snapping up this remarkable investment?
I do know that we all need a place to live and with the house building and new household requirement statistics as they are, the shortage is continuing to increase, meaning that the demand for property will continue to underpin prices, both rental and to procure.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
If they were so undervalued, why did they not continue to rise.
The markets do not/cannot work in that way.
Gold is undergoing a correction at the moment, maybe even as far as $ 1,400.
The up-trend will still remain intact.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
The markets do not/cannot work in that way.
Gold is undergoing a correction at the moment, maybe even as far as $ 1,400.
The up-trend will still remain intact.
Couldn't you say the same about property?
Certainly looks like a shoogly peg for recent months on gold and you say maybe even to $1,400
When you look at the last three years, what makes them intrinsically worth 2.5 times their value:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Looking at silver, looks like they're not doing so well.
could it be that these gold and silver bugs are simply trying to get back out what they put in, hence the ramping?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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