Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

Posts posted by whojamaflip

  1. Just wondering what you guys think of his predictions. He is a big promotor of buying gold. He thinks there will be a major currency crash within the next year.


    to miss quote sky new today

    if there is a hung parliment - GBP crashes in may

    if there is a clear winner - GBP crashes in august

    goes the same for any other government trying to issue bonds at low interest rates, when inflation is rocketting

    (if inflation is 4.4% then you'd expect interest rates to be 6.4% or so)

  2. i dont see how this works...

    lets say over the next 2years we see DOW 7,000 and gold at $7000/oz

    we have a STR fund of 100oz of gold (this is the long term house price in gold from other threads). which we turn into a DOW tracker fund.

    then over the next 25 years (yes we must wait twenty five or thirty years) the ratio is at 40 or 50.

    lets say the DOW is now at 70,000 and gold is $1500/oz

    youre DOW fund is now worth 7million USD



    over the next two years gold goes to $3000 and DOW is 3000.

    25 years later DOW is 30,000 and gold is $1000 .. (ratio 30) that doesn't sound like a fantastic invertment now?? average house price is probably 3million ffs

  3. Somebody please name me a market that isn't manipulated. The small guy in his puny mutual fund has no chance. Better off in Vegas on black/red.

    all brokers who hold leveraged positions on their books has a financial interest in driving those positions to 'stop out'.

    doesn't matter if it's FX, metals, shares, horse racing, roulette, houses.. you name it.

    if you are unhappy about it, don't take leveraged positions.

    the bigger crime is with people who put down 5% (say 20grand) on a house, took a leveraged position & not only lost the 20grand, but also wind up in debt for 25years..

    actually..thats no crime..its their own stupid fault :lol::lol::lol::lol::lol::lol::lol: i'm happier & richer renting thanks ;)

  4. Apparently they aren't fleeing. See here:


    44% base tax rate, a HOUSING SHORTAGE and schools you can't get your kids into.

    I think that's what they call "irony". :P

    zurich is a building site. from the station looking south i can see 12 cranes. on the north side there is primetower.ch going up & another 4 or 5 office blocks nearby.

    my tax rate is 18% (and 'state schools' are free).

    but - main thing is, there is no current account deficit. everyone has money, there is no unsecured debt, the army doesnt fight phoney wars, all the gold wasn't sold off. housing is cheaper than in the UK. ;)

  5. I fail to see how this nonsense would benefit the exchequer. It seems to be too small a market to be worth it, unless the government is truly scraping the bottom of the barrel and is so desperate for revenue that there is no level to which they would not stoop. Errr, oh...


    "Allows Member States to introduce measures to combat fraud on gold supplies between taxable persons"

    That implies that VAT was dropped, because VAT fraud was occuring. Now, if the EU have come up with a general way to stop VAT fraud occuring, then I see no reason why VAT will not be bought back.

    Taxing jaffa cakes is fairly low IMO

  6. 1. There is little money to be gained by taxing gold sales, which are relatively easy to conceal, compared with taxing salaries, which are relatively difficult to hide. France and Germany will be among the very last to allow VAT to be imposed on gold investments. Day trips to France are cheap.

    There is an EU wide plan to change VAT rules/law.

    The idea is that things subject to carousel fraud do not have B2B VAT levied. VAT will only be paid when the end customer pays. That includes mobile phones, platinum bullion, and computer chips. (i.e. no VAT refunds)

    Slipping Gold into that basket is very easy, and would apply across the EU.

    Try buying a platinum bar without VAT (and getting it in your hand).

  7. to answer the OP

    The next downleg is when interest rates start going up.

    when will this happen?

    when the government need to issue bonds to someone other than the BOE.

    i.e. when QE ends, which is not so long to wait :ph34r:

    & the BOE chairman talking down the pound discourages foreign bond holders, therefore will force interest rates up even higher. country is doomed.

  8. 29 million ounces long - for delivery at the end of the month.

    investors (speculators) must either take delivery (which rarely happens), roll over contracts to the next month (i.e. finance more borrowing), or close the position by selling.

    since the stock market seems to have some legs, the hot money will likely flow out of gold futures & into equities - i.e. gold price will go down.

    however if the stock markets are jittery next week, then that wont happen.. :ph34r:

  9. 1st thing : What amount of mortgage (if any) can I get for my salary/deposit etc?

    ballpark 80k

    2nd thing: How many years can I spread the mortage over?

    65-48 = 17years

    3rd Thing: I am worried that I wil have no time left to pay off a mortgage if I am not careful.

    you will not be allowed to have a repayment mortgage that extends past your retirement date (unless choose to throw a chunk of your retirement fund at the repayment).

    draw your own conclusions...

  10. http://www.hamiltonbrooks.co.uk/Property/R...C2/London/HTB57

    states from 375k

    (that would be a 30sqm studio?)

    some more pics here http://londonist.com/2009/02/in_photos_sec...the_barbica.php

    anyway, my point.. adverts saying that the apartments will go on sale 23rd september. i've never been keen on the architecture, and the location seems great, but there are some big council estates a few 100m to the north. W shaped recovery anyone?

  11. I've spent the last 10 years working in Benelux and here your employer pays your travel costs. People here think it's absolutely absurd that you would have to pay out of your own pocket to get to work!

    *n.b., this is capped - you'll get your public transport ticket (or cash), or petrol money per km - usually a 400 euro a month cap.

    switzerland commuting costs (&lunch even) is tax deductible. & my annual travel card is about 700quid (2quid/day) 12mile commute.

  12. That's not true though is it? FDR aside, who did that?

    I think the commonwealth & japan had controls after WW2. I'm sure you can dig up links for most countries (except switzerland .. ) over the centuries.



    40. Operation of Part

    41. Transfer of gold out of Australia

    42. Delivery of gold

    43. Vesting of gold delivered

    44. Payment for gold

    45. Limitation of sale and purchase of gold

    46. Limitation on working of gold

    47. Application of Part

    48. Exemptions


  13. According to this Motley Fool piece:

    "The Untold Story Behind This Golden Breakout

    China is actively encouraging its 1.3 billion citizens to invest in precious metals. I have viewed excerpts from state television touting the extraordinary relative value of silver to gold given the large deviation from the historical ratio between prices of the two metals. Because gold and silver are surprisingly small physical markets, even a minor uptick in investment demand could fuel sizeable price increases.

    The authors also imply that the relative cheapness of silver, compared to gold, means that there's a significant chance of increases in the value of Ag. Partly due to the dollar being out of favour as the worlds reserve currency.

    Quite alarming though is their claim that:

    China is considering a ban on rare-metal exports. More than 95% of the world's supply of rare-earth minerals comes from China, so the move places global manufacturers of everything from hybrid cars to cell phones in a difficult position.

    As many here will know, rare earth metals have a myriad of obscure, but vital applications.

    there was an article on this in the FT.

    they said mongolia (the biggest miners) want to help their economy by banning exports, therefore forcing manufacturers (or refiners) to set up shop in mongolia.

    fair enough i reckon.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.