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House Price Crash Forum


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Everything posted by whojamaflip

  1. history has a habit of repeating itself.. question is, are 1975.. or 1980?
  2. http://in.reuters.com/article/domesticNews...315157820090503 "Around 500 tonnes of scrap gold entered the Middle East in the first quarter compared with around 300 tonnes for whole of last year said Jeffrey Rhodes, the chief executive officer of INTL Commodities DMCC, an independent financial services firm based in Dubai." btw - 500 tonnes per quarter is around the same as the rate it comes out of the ground. i.e. demand is twice sustainable supply & gold is still over $900/oz
  3. i think the 'myth' is not about saville row suits. just a 'good' suit. so figure something like a tailor in your average market town. in which case 700 isn't so far off the mark imo. how about shoes? a good pair of shoes is around 300quid? half an ounce
  4. just walk away. i had the same thing happen once, and to be honest a change was as good as a rest. its nice to move into a flat with new mod cons too.
  5. it doesnt take a genius to figure out a similar amount of silver would be in th 200kg region. that is a lot of metal to deal with physically... shifting it around & storage will be a "non-in-significant" cost
  6. £2000 will get you a bespoke wool suit. £4000 a wool/cashmere suit. £9000 will get a saville row suit.
  7. well spotted sherlock. the point is if you dont work, someone else is paying for you to live. probably not. i imagine only a tiny percentage of people can actually do NO work. even stephen hawkings can hold down a day job ffs. scared? they will have a heart attack? stop the benefits, then they'll get scared. stephen hawking everyone is free to form their own opinions & express them. no excuse for them to sit am home watching sky, whilst the rest of us provide for them. being miserable has eff all to how tax money gets distributed.
  8. on the plus side. lets say your balanced consisted of 60:40 stocks:bonds 60:40 UK:world you would find it tough to find a manager who had the ability to construct such a portfolio (without a computer). I did a quick search with a few keywords and got a canadian one.. https://www.coastcapitalsavings.com/Persona...Balanced_60_40/ there are 9 funds that form the 'fund of fund' and gives a nicely balanced portfolio that you dont need to worry about. as always do your own research, but look out for the fees!
  9. you can buy gold bars in the zurich train station (from 1 to 100grams), all banks sell them. most banks have the buy/sell price of 20franc coins (little smaller than sovs) in the window. the larger banks have a selection(pandas,brits,krugs,maples.) of 1oz coins on offer. selling is just as easy as buying btw.. silver is more tricky because of VAT, still lots of places (munzen shops) that sell physical, or you can talk to a bank - note that you would need 50k euros before the banks would like to talk to you.... i think VAT is 9%, same goes for platinum. there are also warehouse/safety deposit facilities near the (ZH)airport which are outside of customs clearance. you caan buy silver VAT free and have it delivered to these places, you are free to go and visit with your key, but if you want to take them out you need to pass thru customs. obviously you can mail your goodies off to some other country. my personal bias would be a swiss etf held in a swiss bank. you would need a lot of silver to justify the annual cost of a deposit box (they start around 120quid/year).
  10. ok for what? a bit like asking if the 'set menu' is ok, in un undetermined restaurant with undetermined guests and occasion.
  11. Simply not true. A kilo of rice is about a quid in the UK (no idea, to be honest but a rough guess). In bangladesh it would be 80p or so. For food a worker will likely spend £1, then same again for accomodation (simple shack costs about 300quid). Leaving the other quid to spend on travel (20p) and beer. So 3pounds/day is about right for 3rd world labor. 3p is probably from an employer deducting for food and accomodation and travel. (50hr week, sends a quid fifty to the parent at the end of the week). i wouldnt want to argue on the rights & wrongs, but thats the reality.
  12. According to his website he had 4 houses in 2000, now he claims to have a portfolio 'worth' 15m. he's probably valuing each house at half a mil, but in fact he has 40 teraced houses in corby that he's letting out to dhss. dhss is how all the barons make their money (thinking Hoogstraten ), but at 500pcm he wouldnt be able to scalp much after the interest payments. (thats just 20k/mo, how much does he pay himself? 10k?) needless to say he would have been leveraging at the maximum (80% LTV) throughout his career, and a 20% fall would leave him with no equity and the only way to expand via saving the scalp (however his gf is no doubt spending it all). as soon as interest payments start to rise (interest rates go up) he will no doubt be in the bankrupcy courts. or he might already be drifting there already...
  13. 14,000 rupees per 10gramms is an important level for the indian market. (thats $880 according to xe.com)
  14. The indian gold market doesnt consist of the CB & jewelers. I mean small time farmers who sell their crop & buy gold, if you are short the market you need to know where support levels are. Market pressures. physical ETFs, jewelry, private 1oz coin, kilo bars on the long side. suppliers and short sellers ..short I mean "lack of" investment in mines. gold output is mostly coming from scap refiners, gold being dug out of the ground is not increasing (to keep up with demand). all told, i dont see and reason to short gold generally, let alone to a $40 band.
  15. you will lose your 'stake'. reasoning. 1) india buys around 850 which gives support above your first strike. 2) a lot of scrap coming to market in the past months has dampened any rally that might have happened, but pressure is to the upside, not the downside. 3) investment in mines means gold production wont be picking up anytime soon. the general economic situation is no different, and wont be different in june. Gold has gone sideways for the past 12 months, would likely go sideways for another two months also. the smart money would go on $900-$950, the smarter money would buy physical for the long term.
  16. i work abroad. last team i worked with (3 others) 2 also now work abroad, other one (a [email protected]) got fired, now in useless uk job. prev job, no idea (most went off into 'new media'). prev job, got taken over by canadian company, most who left work for foreign consultancies (in uk & overseas). prev job, taken over by german comany. uni, one mate now working overseas. skool. most likely on dole. sibliings are in govt jobs (nurse & uni facilites) ** all the jobs of I have ever had were for foreign companies operating in UK. *** yes also tried setting up my own company, to difficult in the uk..will do it again for sure (in a few years etc etc)
  17. people only work overseas for two reasons. 60% of people working in london are foreign anyway. none of them (well maybe one or two) came for the first reason. now they have no reason to stay for the second reason. the 'british ones' already work abroad, primarily for the first reason. geddit??
  18. something like 70%. and porn p2p is 50% of all traffik. i blame the government
  19. percent-o-wang!!!! just 89p for a euro, fill-yer-boots soon it'll cost ya a quid fifty easy yeyeyyy
  20. the gap to be filled by.. swiss who want to work in the UK. or unskilled economic migrants from _fill_in_gap_ well the only growth industry in UK PLC is agriculture..so i guess you need someone to dig potatoes whilst you're down the witherspoons on your JSA
  21. tell every public sector employee to take a 10% pay cut or go find a new job. (and every benefit claimant, disabled, blind, deaf etc etc 10% cut). then do the same thing next year. ..and the year after. GDP should pick up pretty sharpish
  22. hmm, I went to http://www.wordle.net/create pasted in http://www.dailymail.co.uk/news/article-11...l.html?ITO=1490 obviously got sexed up by removing 'Mr Deputy Speaker' -shakes head
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