Jump to content
House Price Crash Forum

Silver1980

New Members
  • Content Count

    11
  • Joined

  • Last visited

About Silver1980

  • Rank
    HPC Newbie
  1. Very interesting thanks. I know its extreme examply in 1980 but thats my point. If/when this happens again thats the time to sell silver and buy back into property as your man so rightly says there.
  2. You like most people have just read a few things about what happened to gold and silver in 1980. But like most people you dont have your facts right. The actual top of the spike was over $52 oz not your $22. Yes the Hunt brothers had a lot to do with it, but how can you explain the same thing happening to gold? Gold has already way passed its 1980 high, silver is nowhere near yet.
  3. I'll 2nd that. I sold my 2 rental propertys at the top and am now 100% in silver, its all underground in several safe locations where a metal detector cant find it. -------------------------------------------------------------------------------- Who on here agrees that ALL asset classes do go from overvalued to undervalued? Its always happened throughout history and always will. There is no way that UK property is undervalued at the moment. There will come a time in the future when UK property will be undervalued again. Surely no one will disagree with this, this forum is all about when it will happen. Look at my sig, in 1980 1000 oz of silver could buy an average house in the UK. At the moment gold and silver are still undervalued and house prices are still overvalued. Bottom line is that property is in a bear market, silver and gold are in a bull market, a primary uptrend lasting another 5-10 years, so even if your timing is poor, the uptrend will bail out your mistake. For example, when the gold price first climbed to $340, I was all vexed about whether it would correct to $320 or $290. Today all that worry looks silly, because the primary uptrend has bailed out those $340 and $320 purchases long ago. -------------------------------------------------------------------------------- In 1980, you could buy the average UK house for one thousand ounces of silver. A thousand ounces of silver now costs about £10,000, while the average UK house is now about £140,000. .
  4. -------------------------------------------------------------------------------- Who on here agrees that ALL asset classes do go from overvalued to undervalued? Its always happened throughout history and always will. There is no way that UK property is undervalued at the moment. There will come a time in the future when UK property will be undervalued again. Surely no one will disagree with this, this forum is all about when it will happen. Look at my sig, in 1980 1000 oz of silver could buy an average house in the UK. At the moment gold and silver are still undervalued and house prices are still overvalued. Bottom line is that property is in a bear market, silver and gold are in a bull market, a primary uptrend lasting another 5-10 years, so even if your timing is poor, the uptrend will bail out your mistake. For example, when the gold price first climbed to $340, I was all vexed about whether it would correct to $320 or $290. Today all that worry looks silly, because the primary uptrend has bailed out those $340 and $320 purchases long ago. -------------------------------------------------------------------------------- In 1980, you could buy the average UK house for one thousand ounces of silver. A thousand ounces of silver now costs about £10,000, while the average UK house is now about £140,000.
  5. I agree 100% but most people talk to cant see it. The truth is no one knows because anything could happen. But the points you make are all spot on.
  6. I wanted to start a thread about recomended reading. Starting with these 2 books. http://www.youtube.com/watch?v=IgOKX71zktI&feature=channel
  7. This is the cheapest way to buy small amounts of silver http://www.youtube.com/watch?v=IgOKX71zktI&feature=channel
  8. This is my favorite chart and explanation http://www.youtube.com/watch?v=nXPKdUWd6Lk&feature=channel
  9. very good points in this vid http://www.youtube.com/watch?v=ghLF47xSc94&feature=related
  10. This bloke thinks its safe to talk on skype about silver... http://www.youtube.com/watch?v=7jJ8uFVSn2k Very interesting vids. Oh and why would any of us want to remove VAT on silver in the UK? Then anyone could buy it cheaper and easier, making ours worth less in effect, duh!
  11. Whats the general opinion next year on North London? Some are saying about 10% down, Im interested in peoples opinions and reasons for them?
×
×
  • 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.