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Moneyweek Merynn has made a fortune in gold shocker.
geneer
Posts: 4,220 Forumite
http://www.moneyweek.com/news-and-charts/economics/global/moneyweek-roundup-saturday-17-december-2011-56816
Invested money in a different asset rather than keeping it under the bed.
Thats cheating. Totally breaks the official rules of the "timing game".
Probably best that we just ignore that bit if we want to bang on about her for years on end.
Invested money in a different asset rather than keeping it under the bed.
Thats cheating. Totally breaks the official rules of the "timing game".
Probably best that we just ignore that bit if we want to bang on about her for years on end.
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Comments
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http://www.moneyweek.com/news-and-charts/economics/global/moneyweek-roundup-saturday-17-december-2011-56816
Invested money in a different asset rather than keeping it under the bed.
Thats cheating. Totally breaks the official rules of the "timing game".
Probably best that we just ignore that bit if we want to bang on about her for years on end.
Please pass on my regards to Elvis.
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I wish I spent just £10,000 on Gold Britannias when they were about $400 each. Sadly I researched gold to late to take full advantage. I still think precious metals are a good bet though, especially in these times.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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I wish I spent just £10,000 on Gold Britannias when they were about $400 each. Sadly I researched gold to late to take full advantage. I still think precious metals are a good bet though, especially in these times.
Its almost as if they used to base currencies on precious metals isn't it.0 -
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Buy_It_Now wrote: »And i bet you wish you bought a house when they were so cheap, you'll always regret that decision as well :rotfl:
Ah they were the days...Geneer wrote:right then. might as well buy now if all im going to lose is 20% of the costs.
a mere £34,000 on the average house...
This post has been edited by geneer: 06 May 2006 - 02:04 PM0 -
http://www.moneyweek.com/news-and-charts/economics/global/moneyweek-roundup-saturday-17-december-2011-56816
Invested money in a different asset rather than keeping it under the bed.
Thats cheating. Totally breaks the official rules of the "timing game".
What's "the timing game"?0 -
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Is Merynn the one that was banging on about overpriced houses while buying one on the quiet in Edinburgh
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Is Merynn the one that was banging on about overpriced houses while buying one on the quiet in Edinburgh
Yep.
After selling her house in London 20% before peak, in an area that didn't crash.
She then bought back into Edinburgh, in an area she didn't really want, at close to peak price.
And now it seems she sold her gold after prices crashed by 20%.
So if you follow what they do, as opposed to what they say, you'd be selling gold and buying houses.
“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 -
HAMISH_MCTAVISH wrote: »Yep.
After selling her house in London 20% before peak, in an area that didn't crash.
Gosh. Sold in the last couple of years of a 10 year bubble.
Theres no way she made a profit.HAMISH_MCTAVISH wrote: »Yep.
She then bought back into Edinburgh, in an area she didn't really want, at close to peak price.
Fact check please.
I reckon your over egging the pudding with that one.
Sold. In london. During a bubble.
Bought. In Edinburgh. After a crash.
A loss you say. I suspect not.HAMISH_MCTAVISH wrote: »Yep.
And now it seems she sold her gold after prices crashed by 20%.
On NOooooooooooooooooooooooooo!
Only a 200% return then?
Bet she's gutted.HAMISH_MCTAVISH wrote: »Yep.
So if you follow what they do, as opposed to what they say, you'd be selling gold and buying houses.
Your logical contortions are impressive Hamish.
But then when it comes to the lovely merynn you've never been able to think straight.
http://www.housepricecrash.co.uk/forum/index.php?showtopic=114338&st=0&p=1885051&#entry1885051
http://www.housepricecrash.co.uk/forum/index.php?showtopic=114338&st=120&p=1886039&#entry1886039
Have to say Hamish, comments like those don't make you seem all that....shall we say...stable.0
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