2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.47

-0.2%

Dec 5 4:00 PM EST

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To: TobagoJack who wrote (26921)	12/27/2007 8:53:04 PM
From: Maurice Winn	Read Replies (2) of 218225

TJ, for 8 years, gold has dropped against New Zealand houses. I do not believe that is because NZ is doing so well [productive people fleeing in droves to Oz leaving the spivs, bludgers and criminals to run NZ, debts to Japan through the roof of the houses which have been revalued upwards using borrowed money]. It is lucky I did NOT buy gold but continued owning the house we still have. I do not think that process will continue when [if] Japanese decide to have their money back. But it is a great shame I didn't take your advice to convert my Tranche of US$ cash to gold at US$323 when I ogled the stuff at Johnson Matthey, Grafton Road, Auckland. It would have been better still to turn it to NZ$, leverage up using yen, buy a dozen houses, sell them now, convert back to US$, wait. Hindsight is a wonderful thing. For a few years I have thought NZ houses are overpriced and hoping for a greater fool is not my way of investing. I prefer to see profits or at least the expectation of great things being produced in future when the development work is done. Mqurice

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