If you buy a bar of gold - then it's yours. There is no debt or leverage involved. The concept of underwater does not apply here.
Selling gold that you are holding is a stupid endeavour; especially if it triples in value (ie. imminent financial collapse).
Why is it that the pro-Australian property crowd are disproportionately more agressive in their tone or debate style than those bearish on Australian property ?
So what are you going to do with it when it all comes crashing down?
Ummmmmm it would appear you have tripped over your own words yet again oh wise and ancient one.
46% of exports and 14.6% of GDP attributed to WA is a how did you write this? "that means that WA - even when taken as an individual state, provides a disproportionately small representation of the Australian economy"
FACT : making WA the nation's fourth most productive state with a GSP per capita of $82,653 !!!! LOLOL
P.S. Property prices to continue to slowly deflate over the next year across the 8 capital city average of 5%JMHO
If you buy a house - then its yours. There is no debt or leverage involved. The concept of underwater does not apply here.
Selling houses that have tripled in value ...... now there is a concept !!
Why is it that the pro-Australian property crowd are disproportionately more agressive in their tone or debate style than those bearish on Australian property ?
Why post the gold chart with a log scale, but not the housing price?
UPDATE ! Majority of gold is mined in WA.
HEADLINES ! Miners employ 8% of jobs in OZ and not 2% as claimed by SCM
MYTH ! Being a software engineer with no experience in property or shares makes you smarter than anyone else with an opinion or better yet with EXPERIENCE.
HEADLINES ! Miners employ 8% of jobs in OZ and not 2% as claimed by SCM
Employing just 179,400 Australians, mining is outranked by all but one of the 19 industry groupings used by the Bureau of Statistics. Even ''arts and recreation'', employing 193,400 people, is a greater provider of jobs.
Australia's top employer, health and aged care now provides jobs to 1.2 million Australians, retail remains in second place, employing 1.18 million and construction moves into third place employing a record 1 million workers.
Manufacturing continues to shrink, employing a record-low 972,000 in May - just 8 per cent of the workforce.
Mining employs 1.6 per cent nationwide.
Only in Western Australia is mining a significant employer, providing 6 per cent of that state's jobs. In NSW it employs less than 1 per cent, in Victoria less than 0.5 per cent.
Whats the bet your precious gold is underwater too, whats your cost base so far? not that it matters its not like your swinging a line as big as you house or anything gold could probably triple and you and scm would still be neither here nor there.
Completely off topic but.....
NEW YORK (Commodity Online): The International Monetary Fund (IMF) is planning to purchase more than $2 billion worth of gold on account of rising global risks.
Actually it's less than 2%. Feel free to cite your source....that is if you have one.
Can you source us your 8pc thang, think you plucked that from thin air ...?
The Reserve Bank has continued its efforts to convince more Australians that the mining boom is benefiting the whole country. Speaking in Melbourne, the bank's deputy governor Philip Lowe said mining and related industries now made up around 16 or 17 per cent of the economy and 8 per cent of jobs.
Mining is also growing at a staggering 12 per cent a year, compared to around 1 per cent for the rest of the economy
There was no link where I quoted you saying 8pc ....
Anyway this is a property thread not Australian mining facts thread ....
This is amazing almost same tactics as those that report clearance rates
TS got a shock changing those used light globes from the socket? bzzz the nutty professor
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