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Jake

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Everything posted by Jake

  1. Jake

    UK House prices: News & Views

    Now the drugs don't work, they just make you worse, but I know I'll see your face again.. A song for the 90% mortgage generation!
  2. Jake

    SILVER

    Like this? http://www.kitco.com/ind/Summers/mar012011.html 1. There will be no QE 3. 2. Bernanke will be dumped as Fed Chairman. 3. Kansas Fed President Tom Hoenig will be the next Fed Chairman
  3. Jake

    SILVER

    So we have crashed through that green line and headed to the red one below? Brain is saying 'time to swap S for G, time to swap S for G' yet it keeps going...Actually its one of my 'better' worries right now.
  4. Jake

    SILVER

    I believe it might too. But in the meantime the G:S Ratio is at 39.5 to 1. How low can it go before it bounces back? Listening to the FSN roundtable on silver last week almost everyone is long term bullish but short term almost bearish on silver.
  5. Jake

    SILVER

    Well it was under 6 dollars/oz for much of 2004. 35 today and we are clearly in phase 2 of this run. Still a long way to record highs of 50 dollars. 2013? North of 100?
  6. Jake

    UK House prices: News & Views

    I wonder when they will realize that it would be more beneficial to let housing crash and the economy with it, rather than gut the economy and pass on all that money in benefits to landlords-the few. I guess only when they realize that more cannot be paid as more join the benefits queue and those in employment become less and less. Stalemate to go with stagflation and denial. Ummm... lovely.
  7. Jake

    UK House prices: News & Views

    All renters have to do is buy a bit of gold or silver to stay ahead of the rent rises. Far better than buying a house, IMO.
  8. Jake

    UK House prices: News & Views

    That maybe so. But for the last 10 years the boot has been on the other foot... 49,000oz of silver to 7,560 oz today. Buy low (10 years ago), sell high (next 5 years or so).
  9. Jake

    UK House prices: News & Views

    It means that you should have at least a few thousand ounces of silver tucked away, if you want an average place to keep warm and dry in, which cost you peanuts a few years ago. (Or pay for the extension now and build it in a few years on 'maturity').
  10. Jake

    UK House prices: News & Views

    Gob smacking as ever charts! Is this not the trade of the century we are seeing in silver? Do you have an envisioned timeline for 1000 oz per average house, GF? No doubt that is where you think we are heading. By 2020? That would be some 2020 'vision' then.
  11. Jake

    UK House prices: News & Views

    It will come when people are hurting. But probably to the politicians not the bankers. They will be forgotton by then, as Brown is now.
  12. Jake

    UK House prices: News & Views

    What was worse in the 80's than today? I half agree with you though. The British are adept at being divided and ruled. Hence no real revolution to date. Think, though, all those unhappy folk dumped out of their property if repossesed. My heart bleeds for all the 2 year fixer-uppers out there waitng in line for a good fleecing. Lets hope they have been 'mending the roof' these last 2 years with their windfalls rather than bragging that property 'never goes down' etc etc...
  13. Jake

    SILVER

    Indeed! Where is the green icon? Never mind, it's only paper. Sniff, sniff.
  14. Jake

    UK House prices: News & Views

    Just out of interest Col, can anyone buy land/farms in Thailand? Is your farm earning you a living or more a hobby/survival hedge? How much land do you have? (sorry to be a nosey git).
  15. Jake

    UK House prices: News & Views

    They might be if the governments austerity measures were allowed to run though. So far all talk and no do. Maybe there will come a time that benefits simply CAN'T be paid. In the meantime it is a slow squeeze down on the majority of people.
  16. Jake

    UK House prices: News & Views

    It hurts to think that at that time I was studying for my nearly utterly useless degree when it would have served me better to have been leveraging up to the max. Hats off to those who saw the opportunity back then!
  17. What does Neely have to say/had to say on... gold? He couldn't have been worse than Prechter-so far.
  18. Jake

    GOLD

    Fascinating stuff! So there could be a lot more gold in our little earth? How do those clever people estimate how much gold or silver is in our earths crust? Gold is far older than oil, dinosaurs and all the old people put together in Japan then? I always thought gold somehow simply 'formed' somewhere in our earth. (I'm not a scientist)
  19. Jake

    UK House prices: News & Views

    Can we stop this nonsense on this thread? Start another for this, if need be. People are dead in NZ, ME is exploding and we are talking about 'Vampires' on a housing thread. It's hardly relevant here!! These posts should all be deleted or moved IMO.
  20. Jake

    GOLD

    One could conjecture that the US could decide to revalue their (supposed) 8000 tons to whatever they liked. Kill the dollar and pay their debts in a new currency. Everyone is 'happily printing' now. But there are trillions and trillions to go. And people might not like it then when they can't afford sweet FA. I don't think there is a 'get it' or 'don't get it' box anymore. They fiddle the rules to please themselves. I get that.
  21. Jake

    UK House prices: News & Views

    * The economy has an upswing. * The upwsing starts to falter, as is natural to the business cycle. * Politicians say “Hey, let’s keep this thing going.” * The system is juiced with leverage-enhancing liquidity. * Via stimulative reinforcements, a boom mentality takes hold. * The boom continues, now in an unnatural state. * The “can’t lose” mentality sets in. Greed and hubris run amok. * Via risky marginal investments, unproductive debt accumulates. * After a period of years (or even decades), cracks reappear. * The “mountain of debt” now casts a long cold shadow. * That same mountain threatens to topple and collapse. * The authorities panic. They know the debt will crush them. * To circumvent the avalanche, the debt is monetized. * Via monetization, the economy experiences temporary relief. * But the relief is not enough… the problems persist… * …and so more monetization is applied. * As alternative to full collapse, the currency is destroyed. In regard the housing market perhaps you are here: * Via monetization, the economy experiences temporary relief. Plans to eliminate the deficit may just be that. Plans.
  22. Jake

    UK House prices: News & Views

    Nothing has really changed except for a bit of hard talk. The actual measures mentioned by Cameron (which have given allowed the stay of execution) have largely been backpeddled on as they realize the pain is too much, too soon. A case of 'the horror'. The housing market needed crucifying and was on it's way to crucifixtion back in 2008. This (low rates) is simply a potentially an even more damaging delay sucking in more unsuspecting customers IMO. Meanwhile prices have fallen since 2008 when measured in gold or some foreign currencies. How long this can be kept going is anyone's guess. In a fairly low interest rate environment (lets imagine) what else can bring house prices down is more the question. Walking it down with Van's scenario over 4 or 5 years is a best case scenario without looking at other problems surfacing and the world marching on with QE and extend and pretend. Maybe the next 12 months will be eventful. Oil. Gold. Commodities. Inflation in essentials. Or a nice little deflationary deleveraging, another banking crisis, unemployment. When whatever hits, hits we have no defence to save the housing market again. Good luck coalition!
  23. Jake

    UK House prices: News & Views

    Cheers! My own view is Camerons meddling is merely a stay of execution. It's too late to drive austerity through the UK. And too painful. This hasn't been realized yet. But it will before his term is up. Feel sorry for him.
  24. Jake

    UK House prices: News & Views

    The idea that the UK can bat on through this crises basically unscathed till the last man is a bit abhorrent to me. It would mean that Brown is a genius. But what happens when the last man is out? And what will the 'last man' be, if we get that far? Interest rates? I'm not sure. I think the housing boom went on in Japan after the crash had started. That sounds stupid but it is true. People were still transixed by property (and nowhere is this more true than the UK) and they know no other means of success. The last episode in 2008 led to where we are now with interest rates and prices going up in places as the suspension of disbelief is allowed to reassert itself. I don't think it will last. Still I dont think that rates will be substantial enough to cause catastrophe-the housing market is all we got. If it goes.... down goes the UK so they will try to keep it up, 'whatever it takes'. 25% lower in real terms isn't bad but another 25% off in nominal terms would be nice too.
  25. Jake

    SILVER

    Bbbbbbbbbbob Prprprprprprprechter?
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