spot gold jumps again, page-12

Skol,

Andy,

Well I have no immediate knowledge of the loans you're talking about but maybe you should consider this:


My answer: I can’t believe you have not heard about this loan it’s the biggest laugh around Europe since the trumped up charges against Dominique Strauss-Kahn.

Andy,

Well I have no immediate knowledge of the loans you're talking about but maybe you should consider this:

If gold's gone up for 10 years and property has been shredded for 5 years, which do you think is the better bet right now?

My answer: Gold

People need property to live, it's one of the staples of our existence, they don't need gold.

My answer, plenty of property to rent around Australia. Why would I buy a depreciating asset such as a house here on the Gold Coast?


I bought a commercial property in 1986, since that time the property has doubled in value but the real 'gold' has been the rent which is now 4 times what I paid for it.

My answer: Good for you I am pleased to hear it. Also plenty of empty commercial property around Brisbane and the Gold Coast. We just got a six month rent free deal on another shed for my business in Aspley / Brisbane.


Gold has quadrupled in value since 1986, no income and storage and insurance costs, over the long term you don't need to be Albert Einstein to work out which is the better deal.

My answer: Gold has not finished its run just yet and let’s hope you can keep your tenant. I just hope he’s not a dry ice manufacturer after 1st of July!


Even if there's a QE there's no guarantee gold will go into orbit, there's ample evidence in the past of gold doing exactly the opposite of what everyone expected.

My answer: No guarantee whatsoever! But I think it will. 2,000 years ago an ounce of gold would buy you a fine suit of clothes still does today.

If you have every faith in your government’s word that they will honour all their commitments including making good on all debts and paper promises then you have absolutely nothing to worry about.

Now many thanks for the banter always enjoyable but please find out about that Italian loan or even watch the Nigel Farage video clip and tell me if one broken country is borrowing money to lend to a bankrupt country with an almost 4% interest difference please tell me how that will ever work out well. Because I would love your opinion on that. I see that as greater madness as those people you see down at the Hardly Normal stores!

I think once you answer my question we should let a few others have the floor.

Cheers and very best regards.