Gold

[AtW]

Gold falls 4 percent; silver futures decline 5 percent

Gold falls 4 percent; silver futures decline 5 percent | Reuters

DOOMED!!!

 

[DimPrawn]

Mortgage increase points to housing boom - Telegraph

Boomed!

 

[Bunk]

I warned you this would happen back in April

 

[DimPrawn]

Problem is AtW has no exposure to govt backed, tax free investment, known as UK property market.

 

[AtW]

Problem is AtW has no exposure to govt backed, tax free investment, known as UK property market.

I have.

Via monthly rent that I pay

 

[DimPrawn]

I have.

Via monthly rent that I pay

At least you make someone happy in this world, your landlord.

 

[AtW]

At least you make someone happy in this world, your landlord.

Landlord is the mutual who was stupid to lend lots of money for the build and then had to take over it - they tried to sell it to me at reasonable price but change their mind because they'd be booking 35% loss, so they prefer to pretend it's worth some imaginary amount that nobody will pay and rent it out at OK price.

Their yield is less than 3% from it (before costs added), however I am sure those barstewards probably use this house as "asset" at full imaginary price to get lots of cheap money from BoE.

 

[jlharris]

Quite surprised by this to be honest. Thought Gold was something that never went down in value

 

[AtW]

Quite surprised by this to be honest. Thought Gold was something that never went down in value

Why not? You can't eat it and most of this gold stuff is imaginary bits in a mainframe anyway.

 

[DimPrawn]

Quite surprised by this to be honest. Thought Gold was something that never went down in value

It doesn't, but sometimes money goes up in value when some bloke in USA hints he might stop printing $85bn a month to hand out for banker bonuses.