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Jake

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Everything posted by Jake

  1. Jake

    UK House prices: News & Views

    Interesting thoughts from Van and Roddy. Van says "40 year binge on fiat money" has "another few years". Roddy states that responsibly held fixed mortgages on property lent to government tenants are good investments. "based on the nature if the tenant" and thus their ability to afford the rent. Things look fine for the moment for the UK. I wonder how long that lasts?
  2. Looking unlikely to drop into those circles anytime soon BUT I thought that re the gold silver ratio before it dropped straight into the target area. Perhaps another glance at that old chart will act as a "pick me up" tonic. (scroll up a few posts to see that drop on the gold Soled ratio)
  3. Jake

    UK House prices: News & Views

    House prices in the UK. Thats all there is. No MP will let them fall (so long as they can). It's that important because that's all there is of import to almost everyone. If you are ex pat you can clearly see that whenever you go back. It's an obsession. You can see it clearly in the very language estate agents employ. Often they are not selling a property per se, rather they are selling a locale. A range of coffee shops and boutiques, a catchment area. Location location location. You better believe it. That's all there is. IMHO this is a big mistake, a mirage. You could buy into the dream and the locale fall down the toilet, the coffee shops will disappear as fast as they appeared. The boutiques drown in their rental fees...someday. Collective madness very prescient of a mentality living on the excesses of its bubblicious delerium. For the time being though, on it goes.
  4. Jake

    UK House prices: News & Views

    A sub prime minister with a sub prime chancellor for a sub prime economy and a sub prime future. UK economy is housing. That's all. Still. A vote winner nevertheless.
  5. Jake

    Commander T's Diary

    Just tax to death or make illegal, BTL I'm not in favor of golf courses, but many of them will provide useful land for agriculture/allotments in the future. Japan is already headed that way.
  6. Jake

    UK House prices: News & Views

    78% I surprised myself.
  7. Jake

    UK House prices: News & Views

    (2) : London Property, in Gold Ounces If you had bought 171 oz @ £230/oz (£39,330) in 2000 and sold in 2011 (171 oz @ £1050 (£179,550) you would have made 140k. Even if you sold today at £820 you would have made 100k. If you had £250k in 2000 and bought gold @£230 you'd have bought 1087oz. Sell that in 2011 @ 1050 = £ 1, 141,350, profit of £891,350. Even selling today @ £815 would give you £885k (635k profit). And at 11 years you'd probably only be part way through a large mortgage. Mind you in London you would've spent a small fortune on rent...
  8. Jake

    UK House prices: News & Views

    Over the last 2 years London property has outstripped gold as an investment. But so has the FTSE or Dow. Question is, is this just an anomaly or the end of the PM bull run? Gold could be seen to have been orchestrated lower and the UK help to buy and lowest IRs and QE push up the housing market, esp London and foreign money.
  9. Jake

    UK House prices: News & Views

    http://www.sharelynx.com/chartstemp/UKHousePrices01.php I can't see how your ratios work. Sure in the last 2 years gold to property has taken a hit but back to 2000?? Gold was what 300$/oz. (av was 279.11) or about £220. 220 x 171 is £37,620 or $51,300.
  10. Jake

    UK House prices: News & Views

    "Gold will only have to be repriced once, that will be more than enough"!
  11. Nice bit of work on the Four Horsemen!
  12. Jake

    SILVER

    Same goes for gold at, what 800?
  13. Jake

    SILVER

    From Mar-Oct 08, silver went from near 21 to 9. It was pretty shocking and premiums were high and supply was low but after a month delay or so silver came back for sale as usual. We all know silver has been cut in half again from 48 to present 21 but you can still buy silver ounces if you want to. I really wonder if enough people care for there to be such a negative impact if silver were to be cut in half to 11? Surely just another buying opportunity for those who understand it? I am not advocating a move to 11 just pointing out that it could happen again. IMO a great buying opportunity when/if many bulls had thrown the towel in. Remember the move after the 2009 lows, silver climbed to 48!
  14. Jake

    SILVER

    I think the bank and the governments will do "whatever it takes" to keep their games and livelihoods going...as they have been doing. I'm unsure that that means " all problems solved" however. I'm sure they would love to crash the price in order to take control of the real physicalarket from weak hands...or those who saw "technical damage" or fundamentals. Maybe it will be different this time and we should expect something outside the box such as a crash and then reevaluation?
  15. Jake

    SILVER

    Why would gold at 800 and silver at 11 mean that the debt and overleverage problem be over? We have seen in the last couple of years And months really, gold and silver manipulated/crashed lower. It doesn't seem hard for the manipulators to architect water - falling prices. I can see what you mean re. inoperable mines but I don't see the other parts so clearly. We have runaway stock markets ready for a fall. Maybe like in 2008/9 when gold and silver also nose dived. I would see 11 silver as a huge opportunity to buy not the Dow but more silver/ gold. I don't see the relationship as everything fixed if we do see lows like that. Please explain.
  16. Jake

    SILVER

    Ok thanks for the clarification!
  17. Jake

    SILVER

    $11 would be a bit of a bargain! I wonder if we will really see that?
  18. Jake

    GOLD

    A physical oz in Japan costs the equivalent of 1534 USD. That's a hefty 163 dollar premium when compared to buying in the US/UK. Suppose that's Abenomics at work for you.
  19. Jake

    GOLD

    Central banks buying -57% and investor demand down 400% Probably a good time to buy.
  20. Jake

    GOLD

    Weren't you "itching to buy" at 1255? Recent lows may have been a good time to "scratch". I suspect Dom's article "had" to have been written for the Monetweek masses rather than from his gut.
  21. Jake

    SILVER

    Silver into the USD21-22 range. If gold should fall to 1000 as some predit, where does this leave silver?
  22. Jake

    GOLD

    Great photo! Great comment and great sentiment!
  23. Jake

    GOLD

    Gold at 1000 over the next few months would be great by me!
  24. So, Bonds signal their own "forward guidance"? Where could this push Mortgage rates?
  25. Jake

    SILVER

    Crazy to have annoying debts like that...with silver at a low point. (then sub 20USD) - a 50+% reduction when he was stacking. Clear debts first, then stack.
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