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It now takes 147 ounces of gold to buy the average UK house – a new low for the move.
When gold peaked back in 1980 this ratio got as low as 85 ounces to buy the average UK house.
For gold to get back to that ratio today would require a gold price of over £1900 or a home with an average home price of just £93,000.
http://www.goldmades...d-in-gold-5864/
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As Uk House Prices Fall They’Re Now Back To 1986 Prices When Priced In Gold It now takes 147 ounces of gold to buy the average UK house
#1
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Posted 15 April 2012 - 07:57 AM
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
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MultiQuote
#2
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Posted 15 April 2012 - 07:59 AM
As great as that sounds its totally irrelevant.
Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.
"The time to buy is when blood is running in the streets" Baron Nathan Rothschild
"The time to buy is when blood is running in the streets" Baron Nathan Rothschild
#3
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Posted 15 April 2012 - 08:00 AM
I disagree it's important for people to see the £££ has lost value 
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
#4
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Posted 15 April 2012 - 08:10 AM
In fact the government is laughing at everyone because really it doesn't matter how much a house costs in pounds if they keep printing money the houses might even go up
But so will food prices And Oil
But so will food prices
And Oil
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
#5
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Posted 15 April 2012 - 08:22 AM
What would be great is to see different Graphs on the front page of the website, with Houses priced in different commodities.
For example... an average UK house priced in Garlic
For example... an average UK house priced in Garlic
This post has been edited by Asheron: 15 April 2012 - 08:22 AM
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
#6
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Posted 15 April 2012 - 08:52 AM
hedgefunded, on 15 April 2012 - 08:02 AM, said:
An easy comparison to make. Price them against a Ferrari 260 Californian and they're virtually being given away.
Seems to me the only thing prices should be compared against is average earnings.
Seems to me the only thing prices should be compared against is average earnings.
Exactly, I really don't care what a house cost in oil, gold or whatever. It makes no difference to me whatsoever.
What does matter is houses priced in £.
Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.
"The time to buy is when blood is running in the streets" Baron Nathan Rothschild
"The time to buy is when blood is running in the streets" Baron Nathan Rothschild
#7
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Posted 15 April 2012 - 09:03 AM
hedgefunded, on 15 April 2012 - 08:02 AM, said:
An easy comparison to make. Price them against a Ferrari 260 Californian and they're virtually being given away.
Seems to me the only thing prices should be compared against is average earnings.
Seems to me the only thing prices should be compared against is average earnings.
CORRECT!
#8
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Posted 15 April 2012 - 09:40 AM
Pent Up, on 15 April 2012 - 08:52 AM, said:
Exactly, I really don't care what a house cost in oil, gold or whatever. It makes no difference to me whatsoever.
What does matter is houses priced in £.
What does matter is houses priced in £.
But what about the purchasing power of your £
Does it not matter ?
Yes! we get paid in £ we buy houses in £ .
I'm trying to explain the devaluation aspect and it's difficult
This post has been edited by Asheron: 15 April 2012 - 09:57 AM
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
#9
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Posted 15 April 2012 - 09:43 AM
if you cant see the significance of this, then you are in trouble... the price of a uk house in pounds may never fall much if QE continues, as it is just bits of paper and numbers on a screen.
#10
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Posted 15 April 2012 - 09:57 AM
Yes, this is why QE is so brilliant @ stealing wealth
This post has been edited by Asheron: 15 April 2012 - 09:58 AM
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/
Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.
#11
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Posted 15 April 2012 - 10:11 AM
Pent Up, on 15 April 2012 - 07:59 AM, said:
As great as that sounds its totally irrelevant.
+1
[color="#4169E1"]2013 Predictions (as at January 2013)
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
#12
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Posted 15 April 2012 - 04:16 PM
Pent Up, on 15 April 2012 - 08:52 AM, said:
Exactly, I really don't care what a house cost in oil, gold or whatever. It makes no difference to me whatsoever.
What does matter is houses priced in £.
What does matter is houses priced in £.
£???
It takes 625 pound coins to buy the average UK property, well the original £1 coins, the gold sovereign.
It might not make no difference to you, but it does to anyone who transferred cash savings out of bank or building society into the world's premier reserve currency. Many on here have been in this for a number of years, looking at the trend and past history of gold VS bricks and motar. We have taken a lot of flack being in the gold bubble
, but year after year the the amount of gold to buy an average UK property has gone down and down. When I started with gold it took 600 ounces to buy a house, now it's 147 ounces with a target price, as has happened before in the past of 50-60 ounces.I would be in paper sterling if I thought it was a sound place to be, but it is not in the present financial climate.
This post has been edited by Take Me Back To London!: 15 April 2012 - 04:25 PM
Bankers may well have acted as if they’ve been sitting in the casino during the boom years. But it was a state-owned casino, with governments as the croupiers, and central bankers behind the bar giving out free booze.
John Stepek
John Stepek
#13
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Posted 16 April 2012 - 06:54 PM
Asheron, on 15 April 2012 - 07:57 AM, said:
It now takes 147 ounces of gold to buy the average UK house – a new low for the move.
When gold peaked back in 1980 this ratio got as low as 85 ounces to buy the average UK house.
For gold to get back to that ratio today would require a gold price of over £1900 or a home with an average home price of just £93,000.
http://www.goldmades...d-in-gold-5864/
When gold peaked back in 1980 this ratio got as low as 85 ounces to buy the average UK house.
For gold to get back to that ratio today would require a gold price of over £1900 or a home with an average home price of just £93,000.
http://www.goldmades...d-in-gold-5864/
For months ive been I've been thinking about the about the
clued up older generation and what they did during the 80's gold boom
And Im very sure I know of a town where most of the former locals were goldbugs (they've moved to nicer areas now)
The fact that gold peaked in the 80's ties in perfectly with the history and change of this town since the 80's and maybe in the 70's as a couple of ounces Would have got you a large deposit.
This post has been edited by Crashman Begins: 16 April 2012 - 06:55 PM
precious-metal-investment.blogspot.co.uk
BBB @ Dec 5 2004, 05:30 PM: some credit crunch guys....not my idea of a credit crunch......is it yours?
''first this will happen, then this will happen'' you all said..kind of throws all your baloney theories out of the window doesn't it?
BBB @ Dec 5 2004, 05:30 PM: some credit crunch guys....not my idea of a credit crunch......is it yours?
''first this will happen, then this will happen'' you all said..kind of throws all your baloney theories out of the window doesn't it?
Dorkins, on 02 May 2013 - 01:05 PM, said:
They will do anything to avoid suggesting that the size of the pie is not the real problem, it's the way it is sliced.
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Posted 17 April 2012 - 02:52 PM
Going by the graph, it looks like every 30 or so years it resets back to approx 140-150oz to buy an average UK house
how many oz's was the average wage in 1952, 1986 and today?
how many oz's was the average wage in 1952, 1986 and today?
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