malvern hills

I guess the theory is 'there has never been a bubble that has not burst' Housing in uk was definitely a bubble therefore......

up 2.7 % so far today. any news or just a big reaction off the lows?

I think I read that 60-70% of all privately held property is in fact mortgage free. \its the rest which you would work the ltv out on .

I feel your repugnance at 'making' other humans work for your living because they have no choice. But but but, this is capitalism. People who accumulate money, tend to accumulate more. Those who earn and spend, don't. I feel the same as you, and it is probably why I am still not rich. I really wish I could get over it, but it seems I am past saving. Every time I see a multi-millionaire government appointed toad trying to sell time with the PM for £250k, I want to vomit on his head. Oh well. Back to the telly.

Great chart Van. Does it work with silver?

Fascinating to see how a great investors mind works. He says we are going through a long term deleveraging, and that the average of banks assets to equity is 15-1, higher in Europe. Anyone know what the long term average is? and where the figures are reported. Then we could possibly see how far we are into the process and when the banks are likely to start lending again.

That is a fantastically clear line of thought which I have not read before. Thanks a lot. I'm watching the videos now.

What chance has world peace with this sort of craziness around

Could you expand on this Van?

I wasn't defending Sinclair. As I have said elsewhere I do not frequent his site and only read what others have posted about him, and I don't like his crass delivery. I agree that no one can know the future and so that applies to you also, hence my 'how do you know' comment. However it seems to me he has been right in 1980 and right in the last ten years, and so maybe that is enough to warrant respect for his theory that the amount of monetary units divided by gold hypothesis will prevail again.

And how do you know different? The money is getting deposited in the CB's accounts. It will not be extinguished. At some point it will be lent. The question is will the economic output of the world be equal to it. Wait and see, but if there is no major advance in technology or energy production then we will see inflation of horrendous proportions and gold will take on the mantel of the only honest money. In the last few days I have listened to people call into London radio stations giving opinions that I thought were outside the mainstream. 'Fractional reserve banking','money out of thin air', 'crony bankster capitalism', 'fiat money'. These phrases I have not heard in my day to day life outside these forums, but I hear them now. I don't think it will take too long for everyone to realise what QE really means. Everyone runs away from getting robbed.

Probably because they were all born in Amerika.

http://news.goldseek.com/GoldSeek/1330693200.php The above might have something to do with it.

FWIW I think there is massive support at $1500 to $1600, and that would align with the large H and S forming on the charts. One thing that did surprise me about this recent price drop was that equities did not drop atall in comparison. From my past experience they have been correlated at the inflexion points. I would have thought the stock markets would have dropped in lockstep if loss of further prospects for loosening policy was the trigger.

Dr Bubb, please do not take what I am about to say as an attack, but I honestly think that you are acting emotionally rather than rationally. Whatever you feel about Sinclair or what he is doing really does not matter, and should not be pushed onto the other posters here. The posters make the site and have their own views. There would be no site without them, as there would be no site without you. You have made your opinions clear wrt Sinclair. Leave it at that and let the events unfold. By shouting loudly all the time, it does not do your dignity any service, especially as you can see that many here do not agree, and will do as they please in any case. Your sense that Sinclair is not to be trusted has been duly noted. Could you leave it at that?

Thanks Quiff, will do.

http://www.zerohedge.com/news/bob-janjuah-markets-are-so-rigged-policy-makers-i-have-no-meaningful-insights-offer Good article from Bob Janjuah, coming to to much the same conclusions as many on GEI. The big kahuna or the bursting of the latest liquidity driven bubble 'could, be 5 days, 5 weeks, or 5 quarters'. He also says he expects the DOW/Gold ratio to resolve at 7000 in a deflationary credit collapse rather than at 14000 and hyperinflation, because Bernak and Draghi will loose their mandate from the population to print before the public looses faith in the currency. Hmmmm....- I think I got a new catchphrase.

So what we are saying is that gold will appreciate with respect to houses and fiat, and that houses will depreciate relative to fiat, such that we get a nominal fall. Therefore houses will do the worst of the three. Hmmmm.

double post from housing thread If the price of houses in gold goes towards 100 ounces, surely this will mean that if gold is also to rise, houses priced in fiat will not see a nominal fall. You can't have gold going up in terms fiat as well as houses if they are to fall relative to gold as well surely?

If the price of houses in gold goes towards 100 ounces, surely this will mean that if gold is also to rise houses priced in fiat will not see a nominal fall. You can't have gold going up in fiat as well as houses if they are to fall relative to gold as well surely?

I can understand why some don't like Sinclair. The 'Dear extended family' bit comes across creepy. But you can't take away the fact that he made an almost unbelievable call on gold $1650 from ten years out. Ok, he was a few months amiss , but anything could have happened in a decade. I for one think he knows what he is on about, even though I might not like his communication style.

:lol: There are suburbs and there are suburbs. The fact that you can't get around without a car, is I think, peculiarly a North American trait, fuelled(pardon the pun)by cheap Saudi oil . The suburbs of London are comparatively well supplied with public transport and the retail areas are still mostly accessible without a car. I grew up in a city a suburb and in the country. I much preferred the country to the city and the suburbs were a nice compromise, considering employment options for my Father. I now live on the edge of suburb/country, and I think this is the perfect compromise for adults and children alike. The fact that they may or may not be bankrupting the USA is not the overriding criteria for them being the first choice of families trying to bring up the next generation. It is the fact that you can, to a certain extent, control you immediate environment ,privacy and security that makes suburbs a good choice for families, rather than trying to run the gamut of air and noise pollution caused by the high density of people and vehicles in inner city areas. Not to mention the low income ,low aspiration, crime and drug ridden ghettos that scar all cities around the globe. The suburbs are not to blame for some of America's ills. It is the malinvestment and lack of planning for dwindling resources that makes them a liability, and that is not the fault of the families that live there.

Forgive me for being presumptuous, but I honestly don't think he is the kids type.

I agree, that's why mine is in a vault in a small landlocked European country, where I can freely buy and sell at 0.5% commission.

So that only you and your confidant know when its been stolen? I hope you are talking about a secure facility with insurance. Otherwise it will be confiscated or illegal to trade anyway. If Mad Max happens you and me are fooked unless we are able and willing to use a gun. Keep a little hidden and a lot where it is safe, I say.