Rightmove.. Asking prices fell 1.7%, down £4,138,

IveSeenTheLight

Ronnie_Grimes wrote: »

Golds been up 12 straight years:D

Looks like its down this year and was down in 2008 - 2009

chewmylegoff

i wouldn't bother ISTL, the gold idiots always bought their mega holdings when the price was <$300 an ounce.

IveSeenTheLight

chewmylegoff wrote: »

i wouldn't bother ISTL, the gold idiots always bought their mega holdings when the price was <$300 an ounce.

I know.
It's so easy to proove facts and when someone claims 12 straight years of increases, it's worth pointing out the actual data.

It's been a good performer. Is it sustainable?, I'm not convinced. Who's buying it and for what purpose. Who are they going to sell it to?

Incidently, how funny is it that Moneyweek was saying it would be a good performer in 2012
http://info.moneyweek.com/article-archive/what-s-the-point-of-gold?infinity=gaw~UKGOO-GSPME-SPART-Gold%20Silver%20%26%20Precious%20Metals~UKGOO-GSPME-GOLDS%2BPHRAS-SPCFC%2BGold%20Market~14811344342~gold%20share%20prices~p&gclid=CJOC9Z2jnrECFYrP3wodQFU6eQ

Last but not least, the article also indicates that the all time high for gold was in 1980 at $2400 in 'real terms'.
LOL, so goes to show that in real terms gold is lower value than in 1980.

At least if you bought a house in 2005, you'd have no mortgage / rent, not even considering HPI in that time.

Ronnie_Grimes

IveSeenTheLight wrote: »

Looks like its down this year and was down in 2008 - 2009

Wasn't me that mentioned gold but:

Gold price rise in gbp

2008 43.2%
2009 12.7%
2010 34.%
2011 10.5%
2012 1.4% (and its only July, Annual bullish period dead ahead)

:rotfl:

IveSeenTheLight

Ronnie_Grimes wrote: »

Wasn't me that mentioned gold but:

:rotfl:

I think you did

Originally Posted by Ronnie Grimes
Buy Gold, real money, not the stuff they're printing into oblivion every month.

Ronnie_Grimes wrote: »

Gold price rise in gbp

2008 43.2%
2009 12.7%
2010 34.%
2011 10.5%
2012 1.4% (and its only July, Annual bullish period dead ahead)

:rotfl:

It's ok you just typing in figures, but can you explain how they correlate to the attached graphs

1 year looks negative to me


2008 - 2009 also appears negative, but I guess you may be choosing different timelines to suit

Ronnie_Grimes

IveSeenTheLight wrote: »

I think you did

Not on this thread I didn't That was on a thread about invstments. Common policy round here to dig up posts from different forums to throw into a thread which has nothing to do with the topic?

The info is from goldprice.org.

Back to house falls:

£4K drop in asking prices in 1 month!! Isn't that just wonderful? Ridculously over priced all of them, when we get to 100K avg that'll be the time to buy a house not now. All your doing is buying someone else's problem.

IveSeenTheLight

Ronnie_Grimes wrote: »

Back to house falls:

£4K drop in asking prices in 1 month!! Isn't that just wonderful? Ridculously over priced all of them, when we get to 100K avg that'll be the time to buy a house not now. All your doing is buying someone else's problem.

Correction, this thread is not about house prices, it;s about asking prices which have yet to be seen if they correlate by how much to the average sold price of a house.

Incidently, the one year change in asking prices is +2.3%
Gold on the other hand is negative

Ronnie_Grimes

IveSeenTheLight wrote: »

Correction, this thread is not about house prices, it;s about asking prices which have yet to be seen if they correlate by how much to the average sold price of a house.

Incidently, the one year change in asking prices is +2.3%
Gold on the other hand is negative

well it's pretty obvious that if asking prices drop then sale prices will drop too and boy did they drop I bet the Guys on HPC are celebrating :beer:.
As for prices just wait a few months that will change.;) and did I not say asking prices in the previous post? correction corrected.

heathcote123

Ronnie_Grimes wrote: »

well it's pretty obvious that if asking prices drop then sale prices will drop too and boy did they drop I bet the Guys on HPC are celebrating :beer:.
.

Yes, no doubt posh hand shandies in the bedsits all round tonight.

chucknorris

Ronnie_Grimes wrote: »

well it's pretty obvious that if asking prices drop then sale prices will drop too and boy did they drop I bet the Guys on HPC are celebrating :beer:.

Are you seriously suggesting that their lives are that empty? Surely not, I think you just hate the guys on HPC for some reason.

Surely they have much more meaningful things to celebrate like their son or daughter just got a first class honours degree, their girfriend said yes (behave!) or their parent's operation went well.

Or do they routinely celebrate things every day? (hurray it's Tuesday tomorrow!!!!)