Mark Uttley
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Posts posted by Mark Uttley
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On 08/02/2018 at 21:32, Errol said:
Good to see that accusing people of being Russian is the best argument you can come up with. Are the 280 people who voted with me on this poll Russian as well?
Niet
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..... it has shown admiral resilience thus far.
Let that be a nelson for us all.
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Sven-Goran Eriksson: I hate only one person on earth - the man who cost me £10 million
Eriksson claimed that his money was lost on a range of negligent investments including a residential and leisure development of 92 flats in Southsea, HampshireOopsie!!
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lol lol.
Pathetic response.
If you don't know the difference between portfolio and assets, then you understand nothing.
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Many financial advisors would say that 5% of your assets should be in precious metals.
Utter tosh. You are confusing assets with portfolio, and not for the first time, so I assume you either don't understand the difference, or that you are deliberately trying to mislead.
It's quite possible to have substantial assets and zero portfolio, in which case the correct holding of PMs is zero.
An obvious example would be an elderly couple, who own their £100K house and have £4K in savings. According to you, they should sell their furniture and stack up their front room with gold.
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In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market
Wow. He sounds a smart cookie.
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He didn`t sell it in Glasgow though, it was the North of England. He comes from Glasgow but don`t think he has lived there for many decades.
Apologies. I think it was Doncaster.
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Personality aside he always struck me as a bit of a one-trick pony business wise.
The bit about him being a "former ice-cream salesman" is true. He was rather good at it it seems. Not easy when there are pitch wars to be fought in Glasgow. He also had a string of Nursing homes, mostly purpose built. In a simila vein he built and ran a number of Nurseries (child care). This was the business that launched him into the multimillionaire bracket when he sold it. From there he went on to form his Fitness Club.
So, no, not a one-trick pony.
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And the ones who seek only affirmation deserve to lose money.
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At the end of the day, the people who didn't realise that gold was cheap all those years ago are not remotely qualified to now opine that gold is (too) expensive. .
When I first joined this site there were property bulls that used the same argument against anyone who dared to suggest that houses were too expensive. I suspect some of them have gone bust since then.
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So you're you're cancelling this:...........
No he isn't. He says
I was one of the '2 bears' that made the prediction that the price would be lower going forward .........and I stand by this. -
He's clearly awful at predicting the price of gold. Searching for (user: "R K", keyword: "gold"), the first gold bearish post R K made was on 31st August 2007 - when gold was £330 per ounce.
Absolutely hopeless
I clicked on your link. R K said....
Gold looks like it rose on anticipation of Bernanke, but has been falling since.That's not bearish, nor a prediction. Just an observation.
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It wasn't advice.
ad-vice n: 1. an opinion or recommendation offered as a guide to action, conduct, etc.:
Of course it was.
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It used to be the norm to have 5-10% of your portfolio in physical gold and is widely recommended even today (when we have been off the gold standard for >40 years.)
But you think it isn't just bad advice but seriously bad to do so. Care to qualify such a maverick statement?
It is a seriously bad idea to put 10% of your assets into gold. You may wish to put 10% of your portfolio into gold, but for most people this equates to zero.
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Along with this is their unshakeable pride about being a miner, fine, but this seemed to not balance with the fact that every lad in my class was being told by his miner dad to get a trade in engineering or construction and never to follow them.
One of my friends experienced the opposite. When he told his father, a miner, that he was going to university and not down the pit, he was ostracised. His father didn't speak to him for over 20 years.
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Deniz Kalkan, a 32-year-old housewife in Istanbul, is ready to move her gold.
“I’ll put these in a deposit account as soon as I get the time,” Kalkan said of the half-dozen gold coins she has collected and stashed in her apartment. “It’s much safer to keep them in the bank than at home.”
LOL!
How safe are they stashed in her apartment?
Taken from another thread
This is what happens when someone knows you have gold.....
http://www.northamptonchron.co.uk/news/crime/asian-community-on-patrol-for-gold-raiders-1-4280280
"Last week, the Chron revealed how one couple had seen about £20,000 worth of gold and jewellery stolen during a raid."
"Up to 40 people have begun late-night patrols in Northampton following a spate of burglaries targeting Asian families for valuables."
"Police said the raids were part of a national problem, which had coincided with the price of gold going up."
"Chief Inspector Fay Tennet, head of community safety, called for calm. "
You can't loose with gold.
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No idea how credible this is, but I'll post it anyway:
This could be your sig
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In 2005 we paid a deposit on an apartment with what was then Fadesa MartinSa who were the main developer for the flag ship resort Mediterrania Saidia in the Plan d'Azur, a scheme supported by King Mohammed IV to attract 10 million tourists to Morocco by 2010. We signed a contract with Fadesa confident that we were dealing with one of the largest developers in Europe. However, the Moroccan arm of Fadesa got into financial dificulties and were then taken over by Addoha and rebranded Group Fadesa Maroc.
Since paying a 40% deposit for the apartment in 2006, Addoha/GFM/Excelia have not delivered the apartment, they have never communicated with us to explain why the apartment was delayed and breached the terms of the contract. We therefore exercised our right to have our deposit returned. This is where the real problems started. Addoha/GFM/Excelia decided to again breach the terms of the contract and decided to withold the deposit.
The blog page is a log of our communications with Addoha/GFM/Excelia. It shows just how for removed Anas Sefrioui's promises in his letters are from the reality of trying to do business with his company. The links page shows that we are not alone....
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That was my point - why would anyone want Euros over Dollars?
This probably explains why their economy went down the toilet.
Their economy never got out of the toilet.
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The US dollar has come back into fashion in recent years!
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The people of Belarus haven't trusted the rouble for years. US dollars were the preferred currency from 1991 to about 2002, when they favoured Euros over dollars.
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The media in 2006...
I would be impressed if I didn't remember that in 2006 he was urging us all to take out fixed rate mortgages, and put our savings in Icelandic banks.
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I caught the end of Phil and Krusty this morning in which they showed a couple of "investors" around properties in the SE. They eventually plumped for a Bristol flat which had been on the market at £155,000 for two years. Ever the tough negotiator, Phil suggested a low ball offer of £150k. Cue much nail biting before EA informs Phil that the offer has been accepted.
Fast forward 12 months (2009) and the flat is rented out, but the rental "doesn't quite" cover the interest only mortgage. Phil informs the couple that unfortunately the flat is now only worth 120k, but the couple don't seem to mind and still take time to say "Thanks!"
Well done, Phil! Another satisfied customer.
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In addition, today the holders of "rich" surnames live three years longer than average.
If your name is Tarquin Mandeville you wouldn't live long on the council estate near me!
Morocco - My Next Target
in Overseas property investment
Posted
From The Daily Telegraph article The World's Worst Holiday Destinations.