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Re: Oz falling from high
Originally Posted by Deancm_MKII
(Post 9405252)
Money stores value within itself whereas a fiat note (or currency) does not.
I agree that gold is a more substantial token than fiat notes (you can't make audio connections out of paper) but it is still a token. |
Re: Oz falling from high
Originally Posted by jimbo_d
(Post 9405000)
People complain about the housing market being a ponzi scheme, it's nothing compared to the gold. What can you actually do with gold? You can't buy anything with it apart from maybe in some Asian countries or exchange it on the black market. Try offering it for sale other than in small quantities to the mint or a jewelers and you'll soon attract some interest from the authorities. Only thing it's good for is jewelry and making good headphone connections, and even gold jewelry is a bit chav these days.
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Re: Oz falling from high
Originally Posted by Weebie
(Post 9403003)
How is it laughable? Queensland was at UK unemployment rates before the floods, NSW is a debarcle and has been for years and I don't see much other than IT professionals interested in Sydney. Just working working class moving to Perth
Originally Posted by isgraham
(Post 9403276)
It's not anti Australian to feel negative about the economy. If you think it is then you are a fool and riding for a fall. It's perfectly rational to feel that the economy may have had it's day in the sun and be on the way down. I guess that you would categorize me as anti Australian because I'm back in the UK but contrary to that I'm very pro Australian I just recognize the problems and am making plans to avoid them because I have options to do that.
Originally Posted by Amazulu
(Post 9403738)
I wasn't specifically talking about the economy.
My view is that we have not had a spate of live-in 'I hate it all' for awhile. There were times when there was at least one or two very angry people...now we have a few grumblers...and their situation is known. |
Re: Oz falling from high
Originally Posted by Deancm_MKII
(Post 9405228)
What a load of rubbish. It is quite legal to own gold and it is quite legal to sell it. You obviously haven't heard of bullion dealers.
Australia is not America 50 years ago. You cannot walk into a car dealers with a gold bar and buy a car, whereas you can with a bag of cash. |
Re: Oz falling from high
Originally Posted by jimbo_d
(Post 9406801)
That's not my point. My point is gold is the biggest longest running ponzi scheme. It has no value other than perceived, and you can't really do a lot with it, unlike a house say which you can at least live in.
You cannot walk into a car dealers with a gold bar and buy a car, whereas you can with a bag of cash. 1. Rarity and cost of extraction 2. Commercial application in the electronics industry 3. Doesn’t corrode. Ever. |
Re: Oz falling from high
Originally Posted by jimbo_d
(Post 9406801)
That's not my point. My point is gold is the biggest longest running ponzi scheme.
You cannot walk into a car dealers with a gold bar and buy a car, whereas you can with a bag of cash. As soon as the reserve bank prints more cash, the cash in your hand is worth less. You think prices actually go up? |
Re: Oz falling from high
At the end of the day gold is still a token. It's rarity has been the reason it has been the choice on token for much of the past. It is no different to a big round stone from Yap (albeit more portable).
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Re: Oz falling from high
Originally Posted by BadgeIsBack
(Post 9406206)
Hmmm....This seemed true in the old days when I first joined BE. Working class people moving to Australia in general with professionals feeling hard done by at times...and it took me a while to realize that there are more IT people on the board than I first realized..no surprise there...
I heard you. You didn't say people were being anti- Australian [on the economy] I took it to mean that the board had it's fair share of anti-Australia stances or views... My view is that we have not had a spate of live-in 'I hate it all' for awhile. There were times when there was at least one or two very angry people...now we have a few grumblers...and their situation is known. |
Re: Oz falling from high
Originally Posted by paulry
(Post 9406901)
Could it be because those types usually trigger off a fracas that results in them being escorted from the premises in double quick time? :D
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Re: Oz falling from high
Originally Posted by Amazulu
(Post 9406903)
No, because that would be half of BE!
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Re: Oz falling from high
Originally Posted by bcworld
(Post 9401927)
The -1.2% was much worse than predicted.
Moody's had predicted -1.7% and now they're telling us the actual contraction was only -1.2%. So that's better than predicted. |
Re: Oz falling from high
Originally Posted by Vash the Stampede
(Post 9406997)
No it's not.
Moody's had predicted -1.7% and now they're telling us the actual contraction was only -1.2%. So that's better than predicted. http://www.businessday.com.au/busine...602-1fiwp.html Speaking to senators as official statistics were released showing a rebound in coal and iron ore exports and a lift in consumer spending, Martin Parkinson said Treasury had always expected the March quarter downturn reported on Wednesday, although it had been "marginally larger" than it predicted. Like I said, my much worse was based on the -0.4% which was the average call the previous week. |
Re: Oz falling from high
Originally Posted by bcworld
(Post 9407011)
You can pick and choose your sources. How about The Treasury?
http://www.businessday.com.au/busine...602-1fiwp.html Speaking to senators as official statistics were released showing a rebound in coal and iron ore exports and a lift in consumer spending, Martin Parkinson said Treasury had always expected the March quarter downturn reported on Wednesday, although it had been "marginally larger" than it predicted. Like I said, my much worse was based on the -0.4% which was the average call the previous week. |
Re: Oz falling from high
Originally Posted by Vash the Stampede
(Post 9407023)
"Marginally larger" is not "much worse than predicted."
Originally Posted by Vash the Stampede
(Post 9407023)
The average call? From what source? Harold Camping?
http://www.perthnow.com.au/business/...-1226067115443 Early this week, the median market forecast was for GDP contraction of 0.4 per cent in the March quarter, for an annual expansion of 1.7 per cent in the year to the end of March, according to an AAP survey of 13 economists. No menting of Camping. |
Re: Oz falling from high
Originally Posted by Vash the Stampede
(Post 9407023)
"Marginally larger" is not "much worse than predicted."
The average call? From what source? Harold Camping?
Originally Posted by bcworld
(Post 9407033)
It's not better either.
Have I done something wrong? Sorry for keeping an eye on these things. It's actually quite difficult to find reference to the previous weeks consensus...this is the best I can do. Apologies. http://www.perthnow.com.au/business/...-1226067115443 Early this week, the median market forecast was for GDP contraction of 0.4 per cent in the March quarter, for an annual expansion of 1.7 per cent in the year to the end of March, according to an AAP survey of 13 economists. No menting of Camping. http://img.listal.com/image/1366635/...n-camping-.jpg |
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