Gloom and Doom for Oz Thread

Discussion in 'Markets & Economies' started by JulieW, Jul 27, 2015.

  1. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Well I can't speak for the rest of the economy, but new home construction!!... Boom!

    I've just been going through our system trying to gauge the impact. Best I can calculate is that our sales team booked more initial appointments in one weekend than we'd normally see over two months ( during the good times ).

    Never seen anything like this, and I've been in this industry for 15+ years.

    Of course I suspect there will be one hell of a cliff after New years.... Lol
     
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  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Wasn’t there meant to be a RE crash? :p
     
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  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    I guess Aus RE market will be like the US stock market? Juiced and socialised forever.
     
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  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Exactly my thoughts.

    The free-market is dead, those that haven't already worked out the implications of this stand to miss out on the opportunity. Governments have clicked that the rules are different now. And because millions of people will either be incapable of working out what's happening (this includes some on this forum) or incapable of doing much about it - social tension will remain with us for a very long time. The more money that the government dishes out to special interest groups the more envy and jealousy is created because people stop being independently responsible and just want an increasingly larger portion of the welfare pie.

    This is what happens when the State is responsible for issuing currency.
     
  5. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    what industry do you work in?
     
  6. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    another Silver is Shit update

    silverisShit2.PNG
     
  7. JulieW

    JulieW Well-Known Member Silver Stacker

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    This is a tease, but a thought.

    You've convinced me to be more optimistic since we live in a wonderfully advanced world, BUT this world is the socialised, central bank economy world.

    If all this were dismantled to laissez faire and blazè fair, wouldn't the future look grim?
     
  8. Silver260

    Silver260 Well-Known Member Silver Stacker

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    I'm in the construction industry , primarily residential development.

    Edit :

    And to elaborate on the previous post. It will be interesting to see how the Banks and Property Valuers respond. Over the course of last year, as the economy slowed, a clear pattern emerged where both starting becoming increasingly cautious. Will know more in a few weeks.....
     
    Last edited: Jun 9, 2020
  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I suppose it depends upon your perspective.

    As an example I received an email this morning with a list of "black producers" of wines. To me this is grim. There are many decent hard-working non-black producers of goods out there in our communities, but we've got some in our society urging consumers to make choices based upon the colour of someone's skin in some misplaced attempt that this is supposed to right the perceived wrongs in this world. I think this mentality is a consequence of the welfare state and its central planners and its interference in our lives when it imposes the values of some users on to others.

    in my opinion a free-market system would respond better to the needs of consumers and would be more amoral as it would butt out of people's lives and let us learn to be more independent coz we wouldn't have Big Brother telling us what is good/not good.
     
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  10. OneDay

    OneDay Active Member Silver Stacker

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    In a true free market world consumption doesn't even need to be an aim. A threat to control would be people who are content and control their own means of production.

    All these economic shocks are so devistating because we do not control our means of production and alot of people do not even control the roof over their head and if they do they still have to pay taxes in a curreny issued by the banks.

    Related to your other idea about the current race movement. It looks to me to be coming from The Silicon valley crew pushing these ideas out there. Create a wedge in the middle of what would otherwise turn to unity. make people focus on a small part of a bigger issue. Divide the people affected by the bigger issue by focusing on aspects of a smaller more divided issue.
     
  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Consumption is the end goal of all production though. It helps to ensure more efficient use of resources as it guides resource use toward the most productive ends ie what most people need/want for example we don't need more flying whale tits.

    As far as the race thing goes in the US, I think it's driven by groups that are unwilling to face the reality that there is a cultural problem amongst sectors of the black community and that the agitators are pursuing their own goals by latching on to this issue. And those outside of the black community that support such campaigns are often ignorant of the facts and provide irrational support.
     
    Last edited: Jun 9, 2020
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  12. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Thanks for your views Jester.
    Your views are somewhat distorted, others have sound logic.
    I find it fascinating that you cherry pick your stocks.
    I also find it interesting, your perspective of the collectors market.
    I also find it weird that you used 10K of available super to buy stocks but did not sell your 6kg of silver.

    Could you explain why you didn't sell your 6kg of silver to fund your cherry picked stocks?
     
  13. Ag bullet

    Ag bullet Well-Known Member

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    You can't buy stocks with Shit
     
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  14. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    ive not cherry picked anything I put up what I bought and when as I keep saying Silver is shit-- if anything I was quote late jumping back into the market -- cherry picking would be pointing out you could have bought Qantas at $1.92 in march and today it is worth $4.87 or a 253% increase or Afterpay which was $8.57 in March and is currently trading @ $50 or a 933% increase in just over 2 months

    vs silver which is and remains shit and you may need to wait 30 years until your POS shit coin is worth anything above the price of the metal (if at all ever)

    As for not selling the silver I recenly moved and have not unpacked most of our boxes My silver is in a box somewhere I am not too sure where and I am not ready to unpack as we will be moving again in amonths time.

    if your looking at the value of a coin over and above the value of the metal you are a COLLECTOR not a Precious metal investor -- im sorry your wrong but you are
     
  15. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    Great investing for now. I hope you have a get out plan for the very near future. Have you asked yourself why is the market rallying and how long this rally will be sustained, especially when global consumer demand is at rock bottom and Auz commodities are also in week demand. Stimulus giveaways are not working as intended regardless of which country your living in. You may want to dig a bit further than your feeling, there are a few pieces missing from your jigsaw puzzle. Ride this rally with extreme caution.
     
    Last edited: Jun 9, 2020
  16. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    im well aware why this is happening but in saying that the sharp drop for a health crisis was also too much

    as slong as the stimulus drums are beating and the FED is printing I will be dancing the dance.

    and no silver is not a better investment than shares
     
  17. OneDay

    OneDay Active Member Silver Stacker

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    Dance the dance until the music stops.
     
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  18. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I will not be the one left with out a chair though when the music stops

    I will probbly sell at a 50% gain im not too greedy
     
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  19. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    im back in

    Have
    QAN
    WPL and BHP
    all down 6% or so from where I sold them
    To Da MOON ( hopefully on a qantas rocket made by BHP steel powered by Woodside petroleum)
     
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