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Constable

Gold Breaks $1800

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People that say that gold is in a bubble are deluding themselves. Gold is real money and has been a store of wealth for the last 6000 years. Something cannot be in a bubble without leverage, and there is no leverage in the gold price.

My humble advice is to buy silver. At the moment silver is treated as an industrial raw material, which it is, but it's also a precious metal that cannot be printed and sooner or later will take on an investment grade that people will take very seriously.

"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." - Norm Franz

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"Why did you delete my topic, are you short gold?"

It was merged with the pinned thread on the main house price forum, this second thread has been moved to the correct forum.

Thanks. But you know as well as I do that gold breaking $1800 is significant and it wouldn't have hurt to keep the topic for a few hours.

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Something cannot be in a bubble without leverage, and there is no leverage in the gold price.

Are you sure there is no leverage in the gold price?

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No it's not, that nice man in America said so...

His name is Ben. And he has a friend called Tim, who said the US will never lose it's AAA rating :angry:

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His name is Ben. And he has a friend called Tim, who said the US will never lose it's AAA rating :angry:

He also has a cousin called Merv who is very vigilant.

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People that say that gold is in a bubble are deluding themselves. Gold is real money and has been a store of wealth for the last 6000 years. Something cannot be in a bubble without leverage, and there is no leverage in the gold price.

My humble advice is to buy silver. At the moment silver is treated as an industrial raw material, which it is, but it's also a precious metal that cannot be printed and sooner or later will take on an investment grade that people will take very seriously.

"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." - Norm Franz

That's what my estate agent said about houses in 2007.

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That's what my estate agent said about houses in 2007.

The thing is, were houses costing less (inflation adjusted) or more in 2007 than they were in 1980?

I find it hard to accept that something that costs less than it did 31 years ago is currently in a bubble.

When gold goes over $2300 an ounce, then we can start to at least think about a potential bubble.

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The thing is, were houses costing less (inflation adjusted) or more in 2007 than they were in 1980?

I find it hard to accept that something that costs less than it did 31 years ago is currently in a bubble.

When gold goes over $2300 an ounce, then we can start to at least think about a potential bubble.

They were saying that about houses too. Good luck. I wish you well.

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It will break $2000 before the end of the year (probably quite a bit before).

That breaking of the $2,000 barrier is going to be very embarrassing, more so than $1,000, IMO.

Gerald Celentine the founder of The Trends Research Institute, who called the bottom in gold a decade a go and is personally 80% invested in the stuff, believes that governments will take action against the hoarding of gold when it gets to $2,000.

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The thing is, were houses costing less (inflation adjusted) or more in 2007 than they were in 1980?

I find it hard to accept that something that costs less than it did 31 years ago is currently in a bubble.

When gold goes over $2300 an ounce, then we can start to at least think about a potential bubble.

IMO, you have to add another 0 there to start thinking about a potential gold bubble.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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