129 replies to this topic
Posted Today, 00:42
 yoshiwara, on Yesterday, 23:30 , said:
Jayman, on Yesterday, 20:59 , said:
yoshiwara, on Yesterday, 10:02 , said:
There is constant chatter about the 'forthcoming HK property crash', but it just doesn't happen. Cheaper property in prime areas hold its value very well and generates good income. The problem is the entry price which is expensive.
Just cause it has yet to happen does not mean it won't.
That's why entrepreneurs and business people are calculated risk takers. You live with your bag of coins in fear of the future creating nothing and receiving no income from dead metal and I get a monthly income from managing a business activity. If that's what you want to do its fine with me. What drives gold bugs crazy though is the idea that other assets are other than worthless so they construct fantastical views of society totally collapsing and the world as we know it ending and so on. They live on Planet Eventually and remind me of the crazy preachers holding forth every Sunday at Speakers' Corner.
You sure have me nailed. That's right, I sit here with my bag of coins making no income. I don't eat nor do I support my family. In fact, we all sleep in the streets since our bag of coins offers us nothing but dead weight we carry around waiting for the Apocalypse and then we can use our coins to buy a place in heaven.
Posted Today, 00:53
Jayman, on Today, 00:42 , said:
yoshiwara, on Yesterday, 23:30 , said:
Jayman, on Yesterday, 20:59 , said:
yoshiwara, on Yesterday, 10:02 , said:
There is constant chatter about the 'forthcoming HK property crash', but it just doesn't happen. Cheaper property in prime areas hold its value very well and generates good income. The problem is the entry price which is expensive.
Just cause it has yet to happen does not mean it won't.
That's why entrepreneurs and business people are calculated risk takers. You live with your bag of coins in fear of the future creating nothing and receiving no income from dead metal and I get a monthly income from managing a business activity. If that's what you want to do its fine with me. What drives gold bugs crazy though is the idea that other assets are other than worthless so they construct fantastical views of society totally collapsing and the world as we know it ending and so on. They live on Planet Eventually and remind me of the crazy preachers holding forth every Sunday at Speakers' Corner.
You sure have me nailed. That's right, I sit here with my bag of coins making no income. I don't eat nor do I support my family. In fact, we all sleep in the streets since our bag of coins offers us nothing but dead weight we carry around waiting for the Apocalypse and then we can use our coins to buy a place in heaven.
There is a solution. 
Posted Today, 01:13
yoshiwara, on Today, 00:53 , said:
Jayman, on Today, 00:42 , said:
yoshiwara, on Yesterday, 23:30 , said:
Jayman, on Yesterday, 20:59 , said:
Just cause it has yet to happen does not mean it won't.
That's why entrepreneurs and business people are calculated risk takers. You live with your bag of coins in fear of the future creating nothing and receiving no income from dead metal and I get a monthly income from managing a business activity. If that's what you want to do its fine with me. What drives gold bugs crazy though is the idea that other assets are other than worthless so they construct fantastical views of society totally collapsing and the world as we know it ending and so on. They live on Planet Eventually and remind me of the crazy preachers holding forth every Sunday at Speakers' Corner.
You sure have me nailed. That's right, I sit here with my bag of coins making no income. I don't eat nor do I support my family. In fact, we all sleep in the streets since our bag of coins offers us nothing but dead weight we carry around waiting for the Apocalypse and then we can use our coins to buy a place in heaven.
There is a solution.
Solution for a sweet tooth maybe...
Preacher man, don't tell me,
Heaven is under the earth.
I know you don't know
What life is really worth.
It's not all that glitters is gold;
'Alf the story has never been told:
So now you see the light, eh!
Stand up for your rights. come on!
Bob Marley/Peter Tosh
Edited by Jayman, Today, 01:22 .
Posted Today, 08:31
Well I don't know why I came here tonight,
I got the feeling that something ain't right,
I'm so scared in case I fall off my chair,
And I'm wondering how I'll get down the stairs,
Clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you.
Posted 15 minutes ago
yoshiwara, on Yesterday, 23:30 , said:
Jayman, on Yesterday, 20:59 , said:
yoshiwara, on Yesterday, 10:02 , said:
There is constant chatter about the 'forthcoming HK property crash', but it just doesn't happen. Cheaper property in prime areas hold its value very well and generates good income. The problem is the entry price which is expensive.
Just cause it has yet to happen does not mean it won't.
That's why entrepreneurs and business people are calculated risk takers. You live with your bag of coins in fear of the future creating nothing and receiving no income from dead metal and I get a monthly income from managing a business activity. If that's what you want to do its fine with me. What drives gold bugs crazy though is the idea that other assets are other than worthless so they construct fantastical views of society totally collapsing and the world as we know it ending and so on. They live on Planet Eventually and remind me of the crazy preachers holding forth every Sunday at Speakers' Corner.
After reading your posts I am sometimes left with a feeling that is best described by the Australian term “ you are having a lend of us “ or as the Brits say “ you are having a giraffe.” 
You talk in terms of Mad Max scenarios and “fantastical views of society totally collapsing and the world as we know it ending and so on “. BUT you have conceded yourself the world economy is in a mess because you wrote “ in post #185 in the thread entitled “Pound Hits 50, How Long Will The Trend Last? “ that “Europe is a fiscal mess. The US has a fiscal mess.”
I don't think it is difficult even for a school student studying economics to realise that we are in a mess because of too much debt and we are simply at the end of a 30 year debt binge. No one has any viable solution as to how to address the problem. I don't consider there is anything Mad Max about that? Based on history we know that central bankers are very likely going to be tempted to print more fiat money and to devalue that money even further.
You said yourself in the same post that “entrepreneurs and business people are calculated risk takers.”
So let me ask you what is wrong with those of us who are taking a calculated risk in buying gold instead of income generating assets because we firmly believe that there will be some serious economic occurence as a result of this overspending by governments?
Japan could also be considered a fiscal mess because a public debt of almost 240% in a slowing world economy is worrying to say the least particularly when related to their demographic trends.
And according to the respected economist Steve Keen Australia is also suffering from the effects of a debt bubble.
So which countries are left-Africa, South America, Russia and China with the rest of Asia.Even the Vice Premier of China Wang Qishan has admitted China is slowing down.
http://www.dailyfina...le-for-the-u-s/
You started off your posts by saying “ The continuing problem is essentially not a banking problem, but a political problem.” But I put it to you that it's both a banking problem and a political problem because politicians are clearly under the direct influence of bankers.” And please don't come out with your usual garbage about conspiracy theories because it's there on the record about Goldman Sachs financing the candidates.
So until we see a light at the end of the tunnel I see no justification to be anything but defensive.
like I said in my earlier post in my opinion there is every reason to believe we are at the equivalent
of Japan's stock market and economy 20 years ago. But this time it's on a global basis.
Edited by midas, 11 minutes ago.
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