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doom&gloom

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About doom&gloom

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    HPC Newbie
  1. Normally I post on the newsblog and don't often read the HPC forums. But have enjoyed a facinating evening read of this HPC thread and the border-raids into the MSE thread. I'm a sympathetic person and a bit of a softie in some respects. I read the MSE thread for at least 45 minutes feeling the plight of Kazd and thinking that Cells was just a bit of a w*nker and didn't really give a s*it about anyone. 'The poor kids. The poor husband (on a difficult course).' But she was in the lucky position of owning a house which had soared in value and was worth many times what she owed on her mortgage. The equity could've been useful when the time came - helping out her kids in the way she saw fit. Makes her better off than millions of people in this country who can't even afford a property to live in! But that wasn't ENOUGH! She wanted MORE. Another property which could make MORE MONEY 'for the kids'. Cells saw her bulls*it, called her bulls*it, and raised her 10000 bulls*its. Respect. Also note that on 10-9-2006, Kazd had saved £34 in her savers club jar. On 22-5-2008 she STILL has £34 in her savers club jar. A great financial manager. And someone gave her a BTL mortgage because...?
  2. I split 50/50 gold/plat in jan. glad i did as it's going through the roof. though today I've rebalanced 80/20 plat/gold which is just asking for trouble! Figured: "OK gold is rare and useless, but platinum is even rarer and very useful". The platinum price graph really has the look of a bubble forming now so going to have to keep a close eye on things...
  3. I decided to move around 25% of all my cash into gold 11 Jan 2007 (cash was tied up in my house until I managed to sell it). Was going to go 100% into gold, but decided to split 50/50 gold/platinum. Very glad I did, as while gold price has hardly moved at all, platinum has increased by 25%, netting me a very nice profit. Many people on this forum advocate holding physical metal, ie through bullionvault.com. However I'm happy to hold ETC (certifcates), as these have the ease of being quick and easy to sell like shares, and can be held in an ISA or sharedealing account, available from any of the many providers (eg www.selftrade.com). I've bought them with sterling, although they are priced in USD. There are two variants of the gold ETC, but only one of the platinum from what I can see, and this is backed by a physical holding of platinum. My only choices now are whether to sell my gold ETC and buy more platinum, and how to decide what time to sell up. If economic conditions deteriorated suddenly and dramatically, then I would consider changing my ETCs for physical gold from Bullionvault. But so far I'm quids-in!!
  4. I decided to move around 25% of all my cash into gold 11 Jan 2007 (cash was tied up in my house until I managed to sell it). Was going to go 100% into gold, but decided to split 50/50 gold/platinum. Very glad I did, as while gold price has hardly moved at all, platinum has increased by 25%, netting me a very nice profit. Many people on this forum advocate holding physical metal, ie through bullionvault.com. However I'm happy to hold ETC (certifcates), as these have the ease of being quick and easy to sell like shares, and can be held in an ISA or sharedealing account, available from any of the many providers (eg www.selftrade.com). I've bought them with sterling, although they are priced in USD. There are two variants of the gold ETC, but only one of the platinum from what I can see, and this is backed by a physical holding of platinum. My only choices now are whether to sell my gold ETC and buy more platinum, and how to decide what time to sell up. If economic conditions deteriorated suddenly and dramatically, then I iwould consider selling my ETCs and buying physical gold.
  5. Will only show in Land Reg figures which will be in about 3mth time. Won't be in Rightmove (based on asking prices of properties on it's website), and under-represented on Halifax/Nationwide (based on their mortgages agreed).
  6. ...and that's a wrap. History in the making if ever I've seen it.
  7. Lot 228. New Flat in Manchester. Sold in 2005 for 180k. Just sold at auction for £106k by the mortgagee. Big 'ouch'
  8. Cannot stop watching this live auction today: http://ftalphaville.ft.com/blog/2008/02/07...rty-crash-live/ Lot 228 sold at £106,000. Decided to check the Land Reg... http://www.nethouseprices.com/index.php?co...amp;pcsaCode=M4 Sold in 2005 at £179950! That is a REAL price crash which will show up in the land reg reports in three months time...
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