BlackPepper

how rude! to suck foreign investors to buy poor property investments to prop up values? How sad you are to encourage foreign funds to support your failing real estate market to prop up values. What scum you are! What morals do you have? UK is a shithole full of bastards I hope Europe drags you scumbags into reality!

Pfft' the last horrah of the last easy credit orgy. Cannot imagine anyone with half of brain scrambling for some toxIc UK crap real estate?

Speculation......how much are you prepared to lose? Bets on capital gains hahahah

nothing compared to NSW south coast with white sands and clear water with waves you can surf and fish http://www.fishingmonthly.com.au/Articles/Display/8552-Estuaries-thaw-out http://www.barramundifishingblog.com/ you can have clean air http://www.google.com.au/search?q=byron+bay&hl=en&prmd=imvns&source=lnms&tbm=isch&ei=6uG4T-WJMaydiAekoKDyCA&sa=X&oi=mode_link&ct=mode&cd=2&ved=0CHUQ_AUoAQ&biw=1600&bih=7

Perhaps an exit strategy.......... Worries about Europe are pushing people to the dollar,” Frank McGhee, the head dealer at Integrated Brokerage Services in Chicago, said in a telephone interview. “Gold will continue to grind down.” Advertisement: Story continues below Gold futures for June delivery declined 1.5 per cent to settle at $US1561 an ounce on the Comex in New York. Earlier, prices touched $US1555, the lowest since Dec. 30. The metal ended 2011 up 10 per cent at $US1566.80. Prices may slump to $US1,520 within the next few trading sessions, McGhee said. Bullion for immediate delivery dropped as much as 1.4 per cent to $US1556.52. It ended 2011 at $US1563.70 Read more: http://www.smh.com.au/business/markets/gold-erases-years-gains-20120515-1ynlk.html#ixzz1ut5RBgRA

I think there is nothing that will prop up the property/asset market in the UK much longer, beyond the Olympic games. A delayed delusion perhaps, but we are pricing falls of above 20 percent after August 2012 and who knows. Something else to consider IT is sourced cheaper within Asia with performance results that exceeds. Above that holding costs that effects nett returns make the UK look very unattractive, and currency without merit and tax systems that reward slackers. To add which is more important, service industry is to costly, and performance poor. Technology no longer limits location.

"Capital is going to where it's safe, and it hasn't been safe in gold," Frank Lesh, a trader at FuturePath Trading in Chicago, said in a telephone interview. "Currency markets tend to rule in commodities, and right now the (US) dollar is king." Gold futures for June delivery slid 0.6 per cent to settle at $US1594.20 an ounce on the Comex in New York. Earlier, the metal touched $US1578.50, the lowest since Jan. 3. Gold is trending downwards, and I do not think this time QE3 will have the same impact as previous. Speculative investing appears to be on the nose. I say this because the investors I deal with want guaranteed returns in lower risk assets. Read more: http://www.smh.com.au/business/markets/gold-drops-to-fourmonth-low-20120510-1ydsr.html#ixzz1uPmGwuOc

Gold’s weakness was exacerbated by “another one of those tsunamis of selling,” says John Howlett, division vice president with Mitsubishi International. “Supposedly upwards of 14,000 lots of gold were sold in the 5 minutes from 8:20 to 8:25 the above is a comment from zerohedge. Interesting the volume being suddenly sold off.

Yes certainly, and gold did perform very well indeed, but perhaps that "time frame" of speculative capital gains has left the building as per buy and hold. After all hoarding prevents opportunity for others.

Yes just the doldrums of a downward trend...Gold futures for June delivery fell 2.1 per cent to settle at $US1604.50 on the Comex, the biggest decline for a most-active contract since April 4. Earlier, the price touched $US1595.50, the lowest since Jan. 4. I can see why investors are now looking at income producing assets. This buy and hold business does not look very attractive.

No idea either, but gold fell another 1% for what its worth. http://www.smh.com.au/business/markets/gold-posts-biggest-oneday-drop-in-a-month-20120504-1y2im.html

Yes perhaps, but gold's last leap over the rainbow from 2008 was from stimulus QE1/QE2 and the speculated QE3 that did not happen and not to mention ever increasing inflation to hyper-inflation so far has not happened. So perhaps the corrective phase is downward. All speculation

Perhaps, the latest speculation/s is that the FED may boost stimulus.

But the current price decline is not reflecting the above.

That is the golden question will interest rates rise? I believe eventually interest rates will have no choice but to rise. When you say a "genuine recovery" do you mean reinstating the credit party? Economic recoveries can come in many forms perhaps more so through direct investing rather that speculative investing. For example http://www.zerohedge.com/news/birth-barter-how-one-greek-town-dropped-euro-and-moved there is a video how a small town in Greece has moved on beyond the Euro.

Well to keep the balance there also needs to some counter debate, as for so long gold has done well since 2001. But now I think its time to revisit the reasons for investing in GOLD. Gold is not an investment but a speculative asset! Yes totally agree, yes I know there are many supporting arguments regarding Gold, but time and time over I look at gold at face value and I really cannot see merit other than jewelry and high end electronic components . If I purchase gold, then whats next? Oh I hold it like some hoarder. I think shit, it needs to be stored in a safe secure location.Does that come at a cost? In my way of thinking hoarding is almost criminal like, its like some dam holding back water preventing those downstream from the benefits and opportunities. Then to add the speculation. below is excerpt from http://www.getmoneyrich.com/gold-is-not-an-investment-but-a-speculative-asset/ There are some compelling counter debate/s there for consideration. So for all those gold fanatics, have a watchful eye on the recovery process of America. The dollar gets stronger (with increase of risk free rates) the gold prices would tumble. At that time you will no other option than either to sell or hoard. In case you sell it is ok but in case you decode to hold, remember what we told you, gold generates not cash flows like stocks, real estate… As gold does not produce any cash flow, hence it is not possible to estimate a right value of gold. But gold for sure generates a negative cash flow in terms of its storage cost. The value of gold can only be determined by that value that a buyer is agreeing to pay at the time of buying. This is the reason why we call gold as a speculative investment. There are some compelling counter debate at the above link

Okay I will bite.... the "gold purists" are elsewhere gathered forecasting the coming hyper-inflation, rockets - gold $24,000US per/oz and the coming collapse of paper currency system. I think gold has reached a plateau with nowhere to really go. I also think investors are seeking income generating assets, and gold is not one of them.

Well, things are really starting to slow down here, and mining seems to have plateaued.

Recent data from down here regarding gold mines is production is down. Does that mean demand for gold is down or the availability is down? http://au.ibtimes.com/articles/256696/20111127/australian-q3-gold-production-66-tons-survey.htm

When I hear or read articles or public statements like this, to me it is usually a sign to exit.

Interesting, so you can use these coins to purchase goods say in your local grocer? I am still investigating our tax regulations relating to hoarding gold.

Just a question, for the physical hoarders, do you have to pay capital gains tax on your holdings?

This story has poked it's head up again. I was reading this http://www.zerohedge.com/news/tungsten-filled-1-kilo-gold-bar-found-uk on zerohedge. It makes you wonder what is really going here. Tungsten filled gold? The article is compelling although I do take a lot of what is presented on that site with a pinch of salt. The pictures though tell another story, and how much of this practice goes on?

I am somewhat confused here, I was under the belief that the amount of gold regulated the amount of currency available. Was this not the reason we moved away from the gold standard and moved to the asset based model we have now? But yes I could be wrong though.

So really its better to play with the devil you know than the one you do not. I can see your point has merit regarding instability at the international level. But is there enough gold in existence considering the current spot price to be able to support such an attempt for a recourse back to a gold standard internationally? At this point I have no idea and is beyond my understanding. Thanks again for your response.