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House Price Crash Forum


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Posts posted by whojamaflip

  1. Bring me a fake one and I reckon I can tell. The only things more dense are radioactive, or tungsten or platinum. All I need are scales and a vernier calliper (and calculator). And I've never even seen one (I prefer coins).

    This is one of the beauties of gold.

    I can get my hands on a palladium bar so will try to measure the density and see how close I am, I won't look up the density first so it will be blind.

    All fake bars have tungsten welding rods, or solid ingots of tungsten inside.

    ..that said apparently depleted uranium is used in aircraft trim weights, so is probably quite easy to get hold of.. if you were so inclined.

  2. The Bank makes most of its money from the spread on its money market operations and its repo operations

    The BOE should maintain a narrow spread, since obviously the BOE is the biggest market maker.

    charging, or indeed exploiting wider spreads is somewhere between dihonest and criminal. obviously the losers are savers as the holding banks move money from the retail to the wholesale markets (and back again).

    if they (the BOE) charged a spread that covered operational costs, or better - zero spread, the retail banks could offer interest rates very close to money market rates.

    class action lawsuit!!!!!!

  3. This is very true. Far too many people (not aimed at EDM) around devising complicated vehicles for mortgages and other financial products. Lawyers, Bankers etc etc. All of them were far too smart for their own good.

    the mess was liar loans.

    sure smart people took liar loans, but mostly it was the stupid people.

  4. since everyone seems to be so well informed here..

    anyone have info in FX swaps held by UK govt? either GBPUSD or EURGBP

    i think normally (??big q??) they write 3M swaps based on interest rate targets..?

    is the recovery/bounce (back to 1.50) due to inflation, therefore interest rate expectations?

  5. i think philosophical arguments about value, and worth are a bit redundant.

    gold is $900/oz and this thread is all about where things will be in a months time.

    just like house prices, things dont change a great deal month to month. we have historical data documenting similar economic circumstances etc blah blah blah

    gold, house prices, oil, tulips, ok maybe not tulips but lets try & maintain a balance ;)

  6. Then why not simply invest 60% of your money in a global equities fund and 40% in a global bond fund, rather than paying someone to do that for you?

    as i was trying to explain :blink: ..at the end of the year it gets out of whack. the bonds have paid coupons. and the equities dividends or gone up/down.

    so you need to rebalance the holdings to keep the ration at 60:40.

  7. Fund of funds are for MUGS who cannot make a decision.

    that simply not true.

    for a lot of people, 60:40 equity/bonds and same for domestic/international is a balanced and low maintainance investment choice. something you could stick with for 10-20 years.

    to manage that yourself, you would need to rebalance evey 3 months (typically selling equities & buying bonds) with all the accociated transaction costs..

    if u can find an FOF with low annual fees (~<1.5%) then you wont be a mug.

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