i wanna house Posted July 18, 2011 Share Posted July 18, 2011 And how does one go about buying it ? Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted July 18, 2011 Share Posted July 18, 2011 Sell. It may go $2500, but sure as shit the big money will be made on the way down. Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 Sell. It may go $2500, but sure as shit the big money will be made on the way down. I am clearly out of my depth ....but i dont understand.. surely to sell i would have to buy first ... Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 right thats it im loading my gun.it has a bit more leverage than the shiny s**t (on a internet chat site of course) sorry really dont understand.... Quote Link to comment Share on other sites More sharing options...
newbie Posted July 18, 2011 Share Posted July 18, 2011 It seems like asking whether it's a good time to buy a house in 2005. Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 It seems like asking whether it's a good time to buy a house in 2005. i see .... i can understand that. good two years of rising prices you reckon ? Quote Link to comment Share on other sites More sharing options...
cica Posted July 18, 2011 Share Posted July 18, 2011 And how does one go about buying it ? Only history will tell us. It's that simple. A lot of people are putting their money where their mouths are though. You can buy from sites like coininvestdirect.com which I have used with zero problems. Have a read of both sides of the argument and make a choice. Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 my gun is more powerfull than your gold. i havent got any gold .. but i have some money in the bank .. all this talk of eurozone and defaults and inflation etc etc .. i just thought .. Obviously i dont understand the bigger picture was just trying to canvas opinion Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 Only history will tell us. It's that simple. A lot of people are putting their money where their mouths are though. You can buy from sites like coininvestdirect.com which I have used with zero problems. Have a read of both sides of the argument and make a choice. thanks.. i thought it was obligatory to reply in riddles though. Quote Link to comment Share on other sites More sharing options...
Acid In The Punch Bowl Posted July 18, 2011 Share Posted July 18, 2011 It seems like asking whether it's a good time to buy a house in 200X. fixed Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 cool and im just trying to make a point to the gold bugs, there is a stronger currency in the world bang. problem with that is there is always someone with bigger gun are better trained in using it. Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 I would suggest any transaction is done in a means where you can be sure of selling as quickly as you can buy. that seems sensible. I would assume prices change more rapidly than houses. Quote Link to comment Share on other sites More sharing options...
TwoWolves Posted July 18, 2011 Share Posted July 18, 2011 Probably not such a good idea asking all these nutters. Gold has been a good store of value in the long-term but has an unfortunate problem that in times of crisis the government has a habit of taking it off you or taxing you astronomically for converting it back to a purchasing currency. See? Fungability - that's the key to an asset class. Quote Link to comment Share on other sites More sharing options...
i wanna house Posted July 18, 2011 Author Share Posted July 18, 2011 Probably not such a good idea asking all these nutters. Gold has been a good store of value in the long-term but has an unfortunate problem that in times of crisis the government has a habit of taking it off you or taxing you astronomically for converting it back to a purchasing currency. See? Fungability - that's the key to an asset class. ???? i used to live in brazil.. they were still gerting over the time when the government decided that any savings over $3000 (or some such) now belonged to the government. But surely not in the developed world ????? Quote Link to comment Share on other sites More sharing options...
Britney's Piers Posted July 18, 2011 Share Posted July 18, 2011 Probably not such a good idea asking all these nutters. Gold has been a good store of value in the long-term but has an unfortunate problem that in times of crisis the government has a habit of taking it off you or taxing you astronomically for converting it back to a purchasing currency. See? Fungability - that's the key to an asset class. And which asset classes don't get taxed or taken off you when the government wants? Quote Link to comment Share on other sites More sharing options...
Britney's Piers Posted July 18, 2011 Share Posted July 18, 2011 ???? i used to live in brazil.. they were still gerting over the time when the government decided that any savings over $3000 (or some such) now belonged to the government. But surely not in the developed world ????? http://www.dailymail.co.uk/news/article-1295997/David-Cameron-raids-dormant-accounts-pay-Big-Society-schemes.html Quote Link to comment Share on other sites More sharing options...
TwoWolves Posted July 18, 2011 Share Posted July 18, 2011 (edited) ???? i used to live in brazil.. they were still gerting over the time when the government decided that any savings over $3000 (or some such) now belonged to the government. But surely not in the developed world ????? I think you need to open some European history books (Wikipedia might help). We are currently within the worst crisis in 300 years so that's your scope. eg. http://en.wikipedia.org/wiki/Executive_Order_6102 And which asset classes don't get taxed or taken off you when the government wants? Ones they cannot store or convert easily. Edited July 18, 2011 by TwoWolves Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted July 19, 2011 Share Posted July 19, 2011 I am clearly out of my depth ....but i dont understand.. surely to sell i would have to buy first ... All depends if you are JP Morgan or not, you can go naked and sell first without ever having bought. Good shit, no? I'd stay away from Gold if I was you, it's a barbaric relic, you cannot eat it and when push comes to shove the Govt. will simply confiscate it from you. Now pass me the reefer... Quote Link to comment Share on other sites More sharing options...
hpwatcher Posted July 19, 2011 Share Posted July 19, 2011 What a daft and unhelpful collection of replies. Obviously a lot of people on here, have absolutely no idea about what they are talking about and are just repeating rumour and/or non-information. Gold represents one of the best investments, and it has done a fantastic job of protecting my savings over the past 4 years. I'm not in it for the long term, just trying to avoid having the value of my wealth destroyed by UK Government. There are many ways to buy, you could purchase unallocated - and entitlement to gold, with no storage charges - or you could buy physical - although, you will need to pay for storage. Alternatively, you could buy physical and bury it in your garden and pay nothing. In terms of bullion or coins - lots of people and buying coins; if you wanted to do this, I would suggest Britannia 1oz coins as you won't have to pay capital gains tax. They are relatively small, and can be easily hidden, and you can easily build up a store over time. To actually make a purchase, I would suggest Baird & co - goldline.co.uk - or ATS Bullion - two very established and trustworthy London dealers. Hope this helps, HP Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 19, 2011 Share Posted July 19, 2011 Obviously a lot of people on here, have absolutely no idea about what they are talking about and are just repeating rumour and/or non-information.Gold represents one of the best investments, and it has done a fantastic job of protecting my savings over the past 4 years. I'm not in it for the long term, just trying to avoid having the value of my wealth destroyed by UK Government. There are many ways to buy, you could purchase unallocated - and entitlement to gold, with no storage charges - or you could buy physical - although, you will need to pay for storage. Alternatively, you could buy physical and bury it in your garden and pay nothing. In terms of bullion or coins - lots of people and buying coins; if you wanted to do this, I would suggest Britannia 1oz coins as you won't have to pay capital gains tax. They are relatively small, and can be easily hidden, and you can easily build up a store over time. To actually make a purchase, I would suggest Baird & co - goldline.co.uk - or ATS Bullion - two very established and trustworthy London dealers. Hope this helps, HP Never argue with a messianic goldbug . Quote Link to comment Share on other sites More sharing options...
Number79 Posted July 19, 2011 Share Posted July 19, 2011 Never argue with a messianic goldbug . Well I will. Goldline and ats may be reputable but their prices are shit and there are many better places. I also wouldnt buy brits and would stick with sovs for a number of reasons the most relevant being that they are better value. I didnt find the reply daft but it wasnt particularly helpful either since it still didnt answer the op's question. Op, you need to do a bit more research than asking here - but fwiw the summer doldrums appear to have ended early this year, I still think that there will be a better buying opportunity before the autumn run though. All eyes are on europe though and a few on the US debt ceiling so no one knows. You pays your money and you takes your chances Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted July 19, 2011 Share Posted July 19, 2011 What a daft and unhelpful collection of replies. Obviously a lot of people on here, have absolutely no idea about what they are talking about and are just repeating rumour and/or non-information. Gold represents one of the best investments, and it has done a fantastic job of protecting my savings over the past 4 years. I'm not in it for the long term, just trying to avoid having the value of my wealth destroyed by UK Government. There are many ways to buy, you could purchase unallocated - and entitlement to gold, with no storage charges - or you could buy physical - although, you will need to pay for storage. Alternatively, you could buy physical and bury it in your garden and pay nothing. In terms of bullion or coins - lots of people and buying coins; if you wanted to do this, I would suggest Britannia 1oz coins as you won't have to pay capital gains tax. They are relatively small, and can be easily hidden, and you can easily build up a store over time. To actually make a purchase, I would suggest Baird & co - goldline.co.uk - or ATS Bullion - two very established and trustworthy London dealers. Hope this helps, HP It's another screaming obvious bubble. Anyone who buys now is nuts. In fact, hasn't the BBC run a headline about gold today? History shows that as one of the most reliable contrary indicators. Quote Link to comment Share on other sites More sharing options...
Number79 Posted July 19, 2011 Share Posted July 19, 2011 It's another screaming obvious bubble. Anyone who buys now is nuts. In fact, hasn't the BBC run a headline about gold today? History shows that as one of the most reliable contrary indicators. So now that the BBC talk about house prices falling we should really be buying houses because they are about to go to the moon? Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted July 19, 2011 Share Posted July 19, 2011 So now that the BBC talk about house prices falling we should really be buying houses because they are about to go to the moon? Well, with interest rates at historic lows, need I answer that. It's a no brainer mate. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted July 19, 2011 Share Posted July 19, 2011 So now that the BBC talk about house prices falling we should really be buying houses because they are about to go to the moon? Yes, and as News International shares are in a dip, that also shows a good buying oportunity. OP, read up and be patient, it's not rocket science. Best of fortune. Quote Link to comment Share on other sites More sharing options...
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