frizzers

It won't. The model here is Glasgow, or any of the other industrial cities of the north. It's like buying a dog of a share and betting on a bounce. You're better of buying something with growth potential that is trending upwards ...

Interesting sovs trading hands for the same price as here, despite near hyperinflation , panic , exaggerated journalism and a rush for US$ - http://www.telegraph.co.uk/news/worldnews/middleeast/iran/9029848/Irans-economic-troubles-mount-as-new-sanctions-are-made-ready.html

Ha. I bought some here too.

Now that is as cheap as it's ever been. http://stockcharts.com/h-sc/ui?s=$CDNX:$GOLD&p=W&yr=12&mn=0&dy=0&id=p29482287437

Lovely chart PD

`This from Glen Neely today: Website@neowave.com to me show details 14:34 (17 minutes ago) After a nearly $400 drop off this year's high, we can finally say Gold's 12-year bull market is over. For quite some time I've warned that America was on the verge of an entirely new type of economic environment - Deflation! Since our last bout of deflation was 80 years ago, this is a situation virtually no living American can remember. The impact on banks, home values, debts of all kinds and consumers, will be profound. This means that everything denominated in U.S. dollars will - over the next few years - begin to drop in value. That will cause huge problems for all legal contracts based on payments in U.S. dollars, especially housing loans. Transmission Time: Los Angeles: 26-Sep-2011 06:23 New York: 26-Sep-2011 09:23 London: 26-Sep-2011 14:23 Madrid: 26-Sep-2011 15:23 Mumbai: 26-Sep-2011 18:53

FWIW it's worth I just bought back 1/3 of the silver I swapped for gold in May. But I kept the gold and put some more cash into silver ... The ratio's broken up again. It could stop around 50 or it could go very high. We'll see.

http://www.zerohedge.com/news/dylan-grice-deconstructs-perpetual-ponzi-machine-global-finance-sees-gold-10000-world-dishonest Dylan Grice Deconstructs The "Perpetual Ponzi Machine" Of Global Finance, Sees Gold At $10,000 In A World Of Dishonesty

Hey - senior gold stocks broke out to new highs . Breaking out of a massive cup and handle made over several years. They're going to take everything else up with . Every year get long in the summer and enjoy the autumn. It's happening again.

Average UK house price c. 166,000 1 oz gold = £1,178 Average UK house now 140 ounces. LOL.

House next door to me has just sold for 50% more than summer 2006 price.

Can anyone who has access to The Times post their editorial fro today on gold here?

The legend that is Goldfinger becomes even more legendary: NB 2011 data is still unreliable and stats for the 5+ bedroom houses are slightly misleading. They are probably trading for more than ever, but a lot of these do not show up in the stats. Also because there are far fewer transactions at that level and some 5 bedroom houses are much smaller than others it doesn’t really give a full picture ... so ignore 2011 drop in 5-beds it is misleading. Next, nominal 5+bed Knightsbridge prices divided by Average London (Nationwide data, year end):

Well, UK property has fallen below the 1993-4 lows. But London has so far managed to stay above them. But thanks to this latest move in gold it's now testing them. Thank you Goldfinger:

As the price of gold rises, the ecological cost mounts http://news.mongabay.com/2011/0812-gold_peru-pod.html

I recommended them at $2 not $26! It's a good company anyway , though a lot of their profit comes from silver actually, though you won't mind that.

Any chance of a London house prices in gold update, GF?

Thanks Pix and Laura for your help

Got it - The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

No, it's not that one. It's similar but not that one ...

Can anyone help? I'm looking for the famous Mises (is it? Maybe Rothbard) about piling on more debt leading to the collapse of the currency itself. Thanks in advance

Goldfinger, How about an update on your gold vs London house prices chart? Best CC

I appear to have been banned on HPC as well. None of my posts are appearing.

I think when you list on Amex you get to have your company outside the NYSE for a day. First Majestic did it earlier in the year

Likewise