Surely it's obvious we're screwed or I'm wrong?
Discussion
As we limp from disaster to glimmer of hope and kid ourselves its ok as GB UK PLC struggles on with dodgy realigned data and dubious sage words of "wise men" SURELY everyone knows this is the amuse bouche of a f
king huge meltdown the minute interest rates go up?
Now assuming its just the pin sharp ph massive on this thread that know this little secret surely the answer is to liquidate all you can, stockpile cash and mop up streets of houses as the UK market collapses.
Or am I talking bks?
king huge meltdown the minute interest rates go up?Now assuming its just the pin sharp ph massive on this thread that know this little secret surely the answer is to liquidate all you can, stockpile cash and mop up streets of houses as the UK market collapses.
Or am I talking b
ks?Property has held up and repossessions not as bad as in previous recessions. Not sure I can see it happening now... There's more money than ever at the top of society and those people have been pretty unaffected by it all.
Might see another 20% but I wouldn't expect houses to half like they did in the 90's. Think that is just problems getting credit - people that could buy 5yrs ago can't now.
Stocks and shares look better value than houses...
Might see another 20% but I wouldn't expect houses to half like they did in the 90's. Think that is just problems getting credit - people that could buy 5yrs ago can't now.
Stocks and shares look better value than houses...
DSLiverpool said:
As we limp from disaster to glimmer of hope and kid ourselves its ok as GB UK PLC struggles on with dodgy realigned data and dubious sage words of "wise men" SURELY everyone knows this is the amuse bouche of a fking huge meltdown the minute interest rates go up?
Now assuming its just the pin sharp ph massive on this thread that know this little secret surely the answer is to liquidate all you can, stockpile cash and mop up streets of houses as the UK market collapses.
Or am I talking bks?
No you are not talking bking huge meltdown the minute interest rates go up?Now assuming its just the pin sharp ph massive on this thread that know this little secret surely the answer is to liquidate all you can, stockpile cash and mop up streets of houses as the UK market collapses.
Or am I talking b
ks?ks and yes the UK is screwed. The only point I would add is; do not stockpile cash but convert your paper assets into physically held precious metals (ie. not ETFs etc). You will get a lot of contrary opinion on these forums particularly downing PMs. As the doubters have been told elsewhere, I will be back to remind them as silver goes through $50, 75, 100.. and so on.If you want to read more about monetary history I have a list of some of the best books I've read on the subject and would recommend others do also.
Colin.
longone said:
No you are not talking bks and yes the UK is screwed. The only point I would add is; do not stockpile cash but convert your paper assets into physically held precious metals (ie. not ETFs etc). You will get a lot of contrary opinion on these forums particularly downing PMs. As the doubters have been told elsewhere, I will be back to remind them as silver goes through $50, 75, 100.. and so on.
If you want to read more about monetary history I have a list of some of the best books I've read on the subject and would recommend others do also.
Colin.
The interesting thing for me is why the people selling books on the collapse of paper money and/or the benefits of precious metals are still selling them priced in the very paper money they think has had its day? I find that slightly curious. Ditto the people selling physical metals. If they thought the end of paper currency was nigh, why would they accept yours in exchange for said metals? I'm saying that as a fan of gold and silver by the way, not a naysayer. For all the talk of silver going through $50, it should be remembered it went from very nearly that back down to the high twenties recently...ks and yes the UK is screwed. The only point I would add is; do not stockpile cash but convert your paper assets into physically held precious metals (ie. not ETFs etc). You will get a lot of contrary opinion on these forums particularly downing PMs. As the doubters have been told elsewhere, I will be back to remind them as silver goes through $50, 75, 100.. and so on.If you want to read more about monetary history I have a list of some of the best books I've read on the subject and would recommend others do also.
Colin.
crazy about cars said:
Chapppers said:
Stop saving for a house and buy more cars you say? Don't mind if I do.
Definitely a good idea 
I'll start shifting assets offshore...So there's a reasonable chance in the next couple of years that house values will drop significantly and mortgage rates will rise significantly? Hence whatever money I had put into the house would vanish and I'd be left with a huge negative equity with huge monthly payments?
Chapppers said:
I'm joining this thread as a total noob who doesn't really know a whole lot about financial stuff.
So there's a reasonable chance in the next couple of years that house values will drop significantly and mortgage rates will rise significantly? Hence whatever money I had put into the house would vanish and I'd be left with a huge negative equity with huge monthly payments?
I can't say for sure about house prices as this will depend on area and other contributing factors. All I can say is hang on tight to your jobs and have some cash savings set aside.So there's a reasonable chance in the next couple of years that house values will drop significantly and mortgage rates will rise significantly? Hence whatever money I had put into the house would vanish and I'd be left with a huge negative equity with huge monthly payments?
DSLiverpool said:
...Or am I talking bks?
No, I think you're right.ks?There's no reason to expect any "real" growth. House prices and subsequent spending have been supported by low interest rates and home buyer schemes. Low interest rates don't create growth in a market that doesn't have anywhere to grow.
Unfortunately, rather than having a correction, we seem to be going the way of Japan. Stagnation.
hornet said:
longone said:
No you are not talking bks and yes the UK is screwed. The only point I would add is; do not stockpile cash but convert your paper assets into physically held precious metals (ie. not ETFs etc). You will get a lot of contrary opinion on these forums particularly downing PMs. As the doubters have been told elsewhere, I will be back to remind them as silver goes through $50, 75, 100.. and so on.
If you want to read more about monetary history I have a list of some of the best books I've read on the subject and would recommend others do also.
Colin.
The interesting thing for me is why the people selling books on the collapse of paper money and/or the benefits of precious metals are still selling them priced in the very paper money they think has had its day? I find that slightly curious. Ditto the people selling physical metals. If they thought the end of paper currency was nigh, why would they accept yours in exchange for said metals? I'm saying that as a fan of gold and silver by the way, not a naysayer. For all the talk of silver going through $50, it should be remembered it went from very nearly that back down to the high twenties recently...ks and yes the UK is screwed. The only point I would add is; do not stockpile cash but convert your paper assets into physically held precious metals (ie. not ETFs etc). You will get a lot of contrary opinion on these forums particularly downing PMs. As the doubters have been told elsewhere, I will be back to remind them as silver goes through $50, 75, 100.. and so on.If you want to read more about monetary history I have a list of some of the best books I've read on the subject and would recommend others do also.
Colin.
How else in October 2012 could you realistically sell a book? PMs are a store of value and an investment class but not a recognised form of currency currently in the UK. Why would you not think the authors of the books don't take your fiat payment and immediately by PMs with it anyway?
The reason a trader sells something that is likely to appreciate is because he believes he can grow his value faster than the good will increase in value. He assumes he can keep rebuying the good and then reselling. When the classic car market is rising dealers do not, or very rarely, buy cars and sit on them. They trade the rise. Only in cases of sudden lack of supply would they hoard and wait. When that position manifests in PMs then the dealers will sit and wait and you on the retail side will be locked out.
In other words, that a dealer will sell you something does not mean from your position as an investor the good has topped.
With regards to buying silver, I am saying buy it now not a year ago when it was as you say around $50 and was subsequently manipulated back down. If you look on other threads you will see I first recommended it at $27 back in July this year.
Colin.
crazy about cars said:
Few rumours going around from City sources that this is the calm before the ststorm...
They aren't rumours, they're views. Anybody that knows 1+1 doesn't equal 3 should have the same view.tstorm...Any positivity you're currently seeing is just delaying the inevitable, either intentionally or naively.
longone said:
Ok:
How else in October 2012 could you realistically sell a book? PMs are a store of value and an investment class but not a recognised form of currency currently in the UK.
Plenty of other ways to "sell" a product - GoldMoney/BullionVault transfer, Bitcoins, time bank, even barter. You could even distribute it freely if you think the message is that important, which I'd suggest the collapse of the global money system probably is.How else in October 2012 could you realistically sell a book? PMs are a store of value and an investment class but not a recognised form of currency currently in the UK.
longone said:
Why would you not think the authors of the books don't take your fiat payment and immediately by PMs with it anyway?
Oh I'm sure they do, I'm just saying by doing so, they would be undermining their own argument. If the bullion dealer is prepared to trade gold for paper money, it means he has confidence he can swap that paper for other goods and services at a later date, meaning the paper still has value. I'd wager for all his ramping of gold, James Turk has a very healthy bank balance. I have to question the motives of people in that situation, that's all. It's like the conspiracy people talking about the corrupt global banking elite only to then offer paid membership areas on their sites, thus perpetuating the game.As for silver, I'm not convinced by the manipulation argument, as it seems to get wheeled out as a convenient excuse whenever the market moves in the wrong direction. Any move upwards is met with yells of "we told you so, this is it!", whereas any move down is written off as manipulation. I don't see how the two positions can co-exist? Why would you knowingly invest in a rigged market? Do you honestly think "they" will let the market get to your $75 prediction, given they clobbered it down 25% in one day when it got to $48? What makes you think they won't just do it again? The market is either fixed or it isn't, which is it?
Like I said, I'm a fan of both gold and silver, but I'd like to think I have a realistic take on them. I view my gold holding purely as preserving purchasing power, whereas I'll happily admit silver is a total punt. That and I like shiny things.
hornet said:
longone said:
Ok:
How else in October 2012 could you realistically sell a book? PMs are a store of value and an investment class but not a recognised form of currency currently in the UK.
Plenty of other ways to "sell" a product - GoldMoney/BullionVault transfer, Bitcoins, time bank, even barter. You could even distribute it freely if you think the message is that important, which I'd suggest the collapse of the global money system probably is.How else in October 2012 could you realistically sell a book? PMs are a store of value and an investment class but not a recognised form of currency currently in the UK.
longone said:
Why would you not think the authors of the books don't take your fiat payment and immediately by PMs with it anyway?
Oh I'm sure they do, I'm just saying by doing so, they would be undermining their own argument. If the bullion dealer is prepared to trade gold for paper money, it means he has confidence he can swap that paper for other goods and services at a later date, meaning the paper still has value. I'd wager for all his ramping of gold, James Turk has a very healthy bank balance. I have to question the motives of people in that situation, that's all. It's like the conspiracy people talking about the corrupt global banking elite only to then offer paid membership areas on their sites, thus perpetuating the game.As for silver, I'm not convinced by the manipulation argument, as it seems to get wheeled out as a convenient excuse whenever the market moves in the wrong direction. Any move upwards is met with yells of "we told you so, this is it!", whereas any move down is written off as manipulation. I don't see how the two positions can co-exist? Why would you knowingly invest in a rigged market? Do you honestly think "they" will let the market get to your $75 prediction, given they clobbered it down 25% in one day when it got to $48? What makes you think they won't just do it again? The market is either fixed or it isn't, which is it?
Like I said, I'm a fan of both gold and silver, but I'd like to think I have a realistic take on them. I view my gold holding purely as preserving purchasing power, whereas I'll happily admit silver is a total punt. That and I like shiny things.
The OP suggested the UK is screwed and it is; totally and utterly screwed. To answer, why would I invest in a rigged market? because the rigging is against a limited supply. Backwardation always closes the gap..... eventually, and I believe that eventually is about now.
Colin.
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