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Owning 1 home or Investment property will put you far ahead of the crowd
Hyperinflation is literally printing money out of existence until its value is literally nothing and people start using it for things like wallpaper and firewood, lol
There are dozens of examples of this here…
http://en.wikipedia.org/wiki/Hyperinflation
Though nothing is sure yet if we will see Hyperinflation, Its all up to the government and what they do, But looking at there policy of throwing 52 billion dollars of more paper into the economy every 5 minutes does not make things look good…
What is more probable at this moment is Stagflation, Which is increasing living costs (food ect) and decreasing values of Assets (houses, stocks)
Then there is Deflation which is what we experienced through the Great Depression where the money supply was reduced by 30%+ Prices of everything crashed (This is why the people who DID have the cash bought everything up and made such a killing)
Though we will see very high inflation in the coming years no matter what, Even since the 1990's we have had around 10% inflation per year, The government has been lying though and saying 3%, They get this number from there special formula for calculating it incorrectly using: substitution, weighting and hedonics.
Look at my last post about Silver Investment…
Goodluck
That's why I said silver first
Because while over the past 100 years Gold Reserves have increased, Silver reserves have declined dramatically Why ? Because silver is used in hundreds of industrial processes
Go find out what they are… wait ill list a few In 1945 we had 10 billion ounces of silver available, Today we have 1 billion ounces
Jewellery and Silverware Silver possesses working qualities similar to gold but enjoys greater reflectivity and can achieve the most brilliant polish of any metal. To make it durable for jewellery, however, pure silver (999 fineness) is often alloyed with small quantities of copper. In many countries, Sterling Silver (92.5% silver, 7.5% copper) is the standard for silverware and has been since the 14th century.
The copper toughens the silver and makes it possible to use sterling silver for cutlery, bowls and other decorative items such as picture frames and batteries.Batteries both rechargeable and disposable, are manufactured with silver alloys as the cathode. Although expensive, silver cells have superior power-to-weight characteristics than their competitors. The most common of these batteries is the small button shaped silver oxide cell (approximately 35% silver by weight).
Bearings electroplated with high purity silver have greater fatigue strength and load carrying capacity than any other type and are hence used in various hi-tech and heavy-duty applications.
Today's jet engines can deliver 35,000 to 100,000 pound thrusts under high-temperature conditions. Despite the far higher power and a far more rigorous internal environment, silver coated bearings continue to provide the superior performance and critical margin of safety for today's jet engines.
As an Electrical Conductor Silver is the best of all metals and is hence used in many electrical applications, particularly in conductors, switches, contacts and fuses. Contacts, a junction between two conductors that can be separated and through which a current can flow, account for the largest proportion of electrical demand.
Ordinary household wall switches, which normally carry high electric current for electrical appliances from irons to refrigerators, use silver. Silver is the metal of choice for switch contacts because it does not corrode, which would result in overheating, which could lead to fire. The U.S. electric switch market is on the order of $2.7 billion per year.
From the very earliest uses of electricity, silver has been the metal of choice for switch contacts because of its low contact resistance, high thermal conductivity, mechanical wear resistance, chemical stability (it does not corrode), low polymer formation (the build-up of an insulating carbon-polymer film over the contact as a consequence of arcing), and cost-effectiveness (it provides the longest functional life).
Medical Applications Increasingly, wound dressings and other wound care products incorporate a layer of fabric containing silver for prevention of secondary infections. Surgical gowns and draperies also include silver to prevent microbial transmission. Other medical products containing silver are catheters and stethoscope diaphragms.
Mirrors and Other Coatings Silver's unique optical reflectivity, and its property of being virtually 100% reflective after polishing, allows it to be used both in mirrors and in coatings for glass, cellophane or metals.
One out of every seven pairs of prescription eyeglasses sold incorporates silver. Silver halide crystals, melted into glass can change the light transmission from 96% to 22% in less than 60 seconds and block at least 97% of the sun's ultraviolet rays. The change is endlessly reversible.
Photography The photographic process is based on the presence of silver halide crystals suspended on an unexposed film, which, when exposed to light, are set in such a way that they are selectively reducible to metallic silver by agents called developers. Approximately 5,000 color photographs can be taken using one ounce of silver.
Although a wide variety of other technology is available, silver-based photography will retain its pre-eminence due to its superior definition and low cost. From its very outset, silver halide has been the material that records what is to be seen in the photograph. As little as 4 photons of light activate silver halides which amplify that incident light by a factor of one billion times. In today's photography, silver halides are coupled with dyes that bring the color of the world around us into permanent record. An estimated 145.8 million troy ounces of silver were used worldwide in 2006 for photographic purpose
Maybe not this decade but, Can anyone say $1000 ounce Silver ?
devo76 wrote:hbbehrendorff wrote:Standing on the top of mount Everest, We fall to a cliff three meters down and everyone is proclaiming this is the bottom… ROFLEvery bubble creates a similar shape coming down only mirror reversed, Ive seen the charts ! lol
No recovery will come in 2009 or 2010 or 2011… We have 15 years of bad times ahead of us… But lets just wait and see how everything is doing at the start of 2010.
Geezus man i need to know. Where do you get that crystal ball from. You must have the most accurate crystal ball ever made to be so confident on what is going to happen. Cmon tell me. Was it barrons bargains, the dollar shop. share share.
Predicting long term trends is easy, Its short term that is impossible, No one can predict the short term future…
Just like everyone was arguing last year whether we will have a recession in Australia or not, LOL
It will be the same thing when we are in a depression, Everyone will be arguing that we are merely in a bad recession for the first few years.
The sooner investors get there head around this idea that life is not one big uptrend, the sooner they can stop loosing all there money… Just like investors refuse to believe the stock market will sink any further… 3250 and going down, lol But 3400 was the bottom right ? just like 3100, 3000, 2900, 2800, 2700, 2600, 2500, 2400, 2300… will all be bottoms too !
But lucky property always goes up in value and is not subject to falling values like the stock market right ? That must be why Property dropped 80% in Japan
Pull your money out of the stock market and start buying Silver/Gold Short/Medium term bonds and you will get your chance for property later on while everyone is drowning
Remember, Don't be Greedy while everyone else is, People are still far far far to Greedy right now, They hold to much hope yet, Let them relish and consume all this toxic waste, wait back from the sidelines until the Reapers come for the harvest.
Just look at all the big wigs, They are loosing there fortunes left right and center, Look at the losses Harvey Norman is taking, These billionaires are so cocky they refuse to believe anything else then what they have experienced for the past 18 years, So they will continue to bet against the downtrend until many of them are homeless.
People use there current experiences to predict the future, This is all good and well until we come to a time in history of immense change and they cannot vision anything other then there past experiences coming to light, They are blinded by there own success and it will cause there fall
fun times are coming
ALL TRUTH GOES THROUGH THREE STAGES:
FIRST IT IS RIDICULED
THEN IT IS VIOLENTLY OPPOSED
FINALLY, IT IS ACCEPTED AS SELF-EVIDENT
Standing on the top of mount Everest, We fall to a cliff three meters down and everyone is proclaiming this is the bottom… ROFL
Every bubble creates a similar shape coming down only mirror reversed, Ive seen the charts ! lol
No recovery will come in 2009 or 2010 or 2011… We have 15 years of bad times ahead of us… But lets just wait and see how everything is doing at the start of 2010.
1Winner wrote:Thank you, too true!The human being is a creative creature.
If you muzzle your creativity via some stupid idea that it is "wrong" because some half witted teacher working part time on 30k a year salary wants you to believe he has the answers to your problems, you have something else coming!Creating is as necessary as eating and finding your vehicle to express such creativity is the only thing that should matter.
Once you found your way of expressing yourself, let it go free and wild and have piti of all those that judge you for it.
They have yet to find their own way and may die before they know they should actualy search for it.Now think about this: Why is it OK if you have a hobby that does not make you any money or worst costs you money and it is "wrong" to work in something you enjoy and that makes you heaps of money"?
Answer: Because there is an army of deluded, depressed, castrated underachievers who wasted their life gagged by their teachers, parents, and assorted religious rules and want you to be as miserable as they are in true "crab basket" style.
No, It is just Jealousy or "poppy syndrome" Because they do not have the Knowledge/Wisdom/Foresight/Determination to succeed.
And we all know that most people are either sheep's or parrots.
Now don't get me started on Teachers and Experts, there is a saying I like..
"If your not good enough to do something, Get a job teaching other people how to do it" hmmm IT Teachers and Financial Advisors come to mind… lol
1Winner wrote:So what if we are "incredibly wealthy" compared to Timbukto or 100 years ago? This is the old tran-tran pedalled by all religions known. Rich is evil and poor is virtuous. Modern version is rich is spoling the planet, etc. sick of it.
If anyone thinks that wealth can be achieved whilst feeling guilty about it he is deluded. And if anyone thinks that wealth is an objective per se, he is also deluded.
What I find hilarious is that self appointed experts, want others to believe they have this ethical inside of what the wealthy person thinks and what makes him or her tick.I don't hear anywhere ambition and satisfaction spoken for what it is, the real motivator of most achievement by the human race.
Every single "famous person" you can think of, from the patriots and conquerors of old, to the moguls and champions of any line of business sport or art you can think of are pushed by ambition and search of personal satisfaction.
Some people feel motivated to climb Everest, go to the North pole or swim faster than others. Other people are more practical and feel ambitious enough to build factories and employ large number of people. Others ambition takes them to invent, to trade, to build portfolios, to collect antique cars, or make money in many other interesting ways.
Then comes the average de motivated depressed lazy moron and wants to pedal the concept that the others have succeeded at his expenses, the environment expense and in general all is wrong but themselves, and meantime go to Centrelink on Thursday and say you can not find work.Up yours!
No not yours sorry, just an expression
I think you where taking him a big seriously….
But I do understand your point, Its the same as my family, They are addicted to creating things and doing things, My whole family is self employed and my grandparents have been saying they will retire for the past 20 years… Now they are in there late 70's and still working just as they did in there 20's
Its not because they want the money… or even need any money, The only reason they continue to work and build things is because its there hobby, The money is just a side effect of there creativity
Well I'm not a builder, But am a Plasterer, I actually have never seen this before, I have though seen timber frame houses sheeted with styrofoam on the exterior and rendered over top of that… Also there are the blue board houses which I don't think are much better…
Obviously you get what you pay for, Personally I would not build a house made of blue board, styrofoam or hardiflex.
Apart from having a habit of cracking leaving big dirty lines in the render
Its also not cool when a simple knock with a hammer puts a big hole in your wall.But I guess its all up to personal preference too.. some people don't mind cheap and nasty, Others are more fastidious.
So I say go with the double brick
Good luck.
Retrospective,
Your exactly right ! So in my opinion its pretty simple, Stay away from the stocks until there losses become retrospective ! its as simple as that really
You where right to liquidate but at the same time I think people should be very cautious of the losses concerning there paper money through the coming inflation, Its just historical fact that every paper currency has eventually become worthless and collapsed until its replaced with a new fiat currency, So its not a matter of if, But when..
Now considering the current times and a few serious points I need to mention:
1: that never before in history have we had a Credit bubble burst before (Don't argue with me and say we have, There where no Credit Cards and 50x Leveraged derivatives during the great depression)
2: Never before in history have we had so many bubbles spaced so close to each other, Previous bubbles that have burst and Bubbles that may not quite yet appear to exist, From the 2000 tech bubble, to the current Credit and Housing Bubbles. Also there are bubbles that will potentially burst very soon in the future if they haven't already, They are the Oil-Energy bubble and the Environment bubble (no, Not the made up global warming propaganda, I'm referring to Non renewable resources that supports the Exponential growth of our economy) Also there is the baby boomer demographic that People should research, then the final bubble that we are fast approaching is the world population bubble…About 10 billion, Once we hit this limit that we are fast approaching, What will happen to an economy that runs of the premise of exponential growth of Resources/Energy/Population, And NO, Don't even reply with "Well… we could put a solar panel on…." NO that's not going to work, Even if we changed to say 100% Nuclear electricity That would only bring our oil dependence down say 15% or so…
But that's a whole topic on itself, The point is that we will be heading into the future of immense Inflation and anyone who denies this has there head in the sand, Australia in terms of the world economic crisis is years behind the rest of the world and we have already inflated our currency by 52 billion, Imagine how big the future so called "Stimulus" packages will be…. If you don't believe me you can look up yourself and view 30+ cases of Hyperinflation
http://en.wikipedia.org/wiki/Hyperinflation
Its the duty of every investor to protect there hard earned wealth by the coming inflation, Don't become a statistic of middle aged people who will totally loose there retirement in the economic storm.
Thank you
…now… where are the spelling gestapo ? lol
doubledown trent wrote:I don't want to be the grammar police here, but….If you don't know the difference between LOOSE and LOSE,
If you don't know the difference between THEIR and THERE,
and you don't know how to use an apostrophe correctly,why would we trust any of your ironclad predictions on the economy??
I'm sorry that my quickly blotted out 1000 word thesis on very broad economic fundamentals contained some bad grammar, Obliviously I have been caught out for the fraud I am and no longer have any credibility
Because the truth is I failed every grade past the 7th and didn't even complete year 11, Also English and Art where always my worst two subjects, I could never quite grasp them with adeptness others could…. wow, If you could only see me attempt to draw a stick man, Then that really would prove me to be wrong about my economic theory's
Perhaps you could write your own 1000 word opinion ?…
See, I have pondered writing much longer and in depth post, But it would probably reach 5000+ words and I would be ridiculed for a few grammar mistakes so there is no point…
Because while over the past 100 years Gold Reserves have increased, Silver reserves have declined dramatically 
