Knowing what we saw with the property ramping over the last decade, I have a gut feeling we
are about to wittiness the rise of the next fashionable place for investment money - GOLD.


There are going to be a lot of investors just itching to inflate another asset bubble, and gold
may be their next choice.


Looking at the Bubble Chart You could argure that the gold cycle is just entering the mania stage.

That is, its only just being spoken about in the media as an alternative investment opertunity for the public,
the BBC has recently just run a few shows on buying gold - featuring ATS-Bullion on The Strand, London

I think we are going to see the back of property porn television shows, and the rise of commodity investment programs.

This is all my personal opinion, so please go off and do your own research first before buying in to gold - don't put
all of your eggs in one basket - you might want to visit DrBubbs GEI site for more professional discussion on gold investment.

As for myself, I have bought a little amount of gold and think the gold bubble has a long way to inflate - I hope to ride it up.

It's surprisingly easy to buy gold bars and coins, just walk in to you nearest dealer - hand over your cash or debit card
and you are suddenly the owner of a heavy lump of gold.

For a while after buying you have a strange but comforting feeling, that you have removed your self from the fiat paper
money system and don't run the risk of standing outside another Northern Rock wondering if you are going to ever see your wealth

For more gold info you could also visit Gold Is Money
Protect your wealth.

Well, at least I wish she would.

Here she is next to todays latest house price crash data, those house prices are slip siding away!

Here is a nice tasty selection of hats that she might like to choose from.

Todays financial times has picked up on our "pwaperty gurus" promise to globalhousepricecrash.com to eat her hat if property prices in the UK fell, she was red face at the time and was so angry just so angry that she looked like she was going to throw her toys out of the pram.

Shes not the most sharpest tool in the box and with comments such as "If only the Government would cut stamp duty. That would stop house prices falling" - not too experience in the global credit crunch problem - Daft mare.

The conservatives recently employed her as their property adviser , which I think has backfired BIG TIME... Alsop a first class clown, David... if your going to appoint anyone try Merryn Somerset Webb at the MoneyWeek website, the public have a lot of respect for her.

I hope Krusty does eat her hat, no doubt all of the first time buyers on the property shows (and the ones watching) that were forced to buy at the peak and now losing all their cash would love to shove that hat down her neck.

Her wikipedia entry is a war ground, members of the propery price crash forums have been trying to out the truth but I think Kristy has PR men on that site. Here is the latest edit, to her wikipedia entry, which will be removed shortly so I reproduce it here;


Kirstie promised to 'eat her hat' if property prices did not rise by mid September 2005 in a BBC Radio 5 interview.[6] As a result of some of the criticism she has received a number of unflattering nicknames have become widely used on internet forums as a way for posters to indicate their dislike of the way she has allegedly ramped property. These include, Krusty the clown and Krusty Allslop. Examples of this can be found on the web forums.

Phil Spencer, her co-presenter on Location, Location, Location, has also faced criticism. In an article published in the Daily Telegraph (April 18th 2008) he was described as a "confidence trickster" and a "smarmy snake-oil property-porn merchant". He was accused of "peddling tripe" and told he had "helped to cause harm to thousands of families".



Here is the FT LINK

Well, if you just bought at the top of the market your money just went up in smoke.




There is not much to comment on really. The headline speaks for itself, here is a link to todays times.




Timesonline.co.uk



Again, you will find some clutching at straw remarks on how property is about to recover,

don't pay attention to these; we are at the beginning of a re-run of the last crash and the headlines are very similar.

30% price slashing is being enforced by home valuers as property is just not shifting,

no matter how hard some journalists and "property experts" try to talk the market up.


My oh my, how fast do some things change.


And here is a forecast in the guardian, for price crashes of 35% - how do you like them apples?


www.guardian.co.uk

The latest data shows that house prices have fallen yet again in May, and the year on year (YoY) fall is
the biggest we have seen since 1993, and each month from this point on will be a record breaker.

Todays interest rate hold at 5.00% will have not lifted the pressure on many mortgage payers who are hoping
for a cut, but unfortunately rate cuts are not being passed on and in fact mortgages are getting more expensive.

Many cheap and 100+% mortgages have been withdrawn and available rates have risen in spite of three rate
cuts since December.

First time buyers are no longer fueling the market and the bottom of the market has obviously just dropped out.

We can expect 16% falls this year and if this rate of fall continues over the next few years we could see 30% - 50% falls.
On a 300,000 flat in London that would save a first time buyer at most 150,000 - at the same time many people who have
recently bought will find themselves in negative equity.
BBC Story here...

Thats right, you read the title correctly, Barclays bank copies First Direct in this crazy idea.
A spokesman says that Barclays customers don't value the interest payments on their current
accounts so Barclays are scrapping them.

If we all stop paying the interest on bank loans and try and get away with that... it wont be long
before the debt collectors are round to claim the cash.

This bit of news was hidden away in the weekend papers, apparently if you have a current account with Barclays you will now no longer receive an interest payment - anyone with more details?

http://www.creditcrunch.co.uk/forum/index.php?showtopic=1194&pid=2789&st=0&#entry2789

They want to persuade customers to use paid services, so you will have to pay for a current account that pays out on interest.

At this stage, I would be tempted to keep my money under my mattress, as

1) I don't want them to be able to profit from my cash, for free.
2) The fee of an interest earning current account would wipe out my current account interest gain anyway.
3) If I can't profit from my cash, why should Barclays and their shareholders?

I would urge anyone out there, if your bank stops paying interest on you account... take your current account else where
and also take your savings with you.

Don't let them use your money for free.

http://www.independent.co.uk/money/invest-save/julian-knight-flood-warning-how-long-will-insurers-step-into-the-breach-837637.html

New Statesman magazine are printing in our next issue a feature regarding the effects of the housing crunch on the British people. We are particularly looking for personal stories/examples where the credit crunch had driven rents up and affected tenants in the private housing market. Or forced people to sell out.

If there are any affected parties-tenants and landlords-who would be willing to talk to us in a few words and to maybe be quoted in the article, please get in touch by phone or email.

Kind regards,

Owen Van Spall
New Statesman Direct line:
020 7881 5648
 Email: intern2@newstatesman.com
 Britain's award winning current affairs magazine
 www.newstatesman.com

http://www.nationwide.co.uk/hpi/historical/May_2008.pdf



Your house is now worth 4.4% less than last year, prices are not slowing - they are CRASHING.

Looking at the Halifax/Nationwide graphs, the trend is down, deep and sharp.

We have had price falls for the past 7 months, each month a deeper drop. We are accelerating
quickly and should catch up with the housing slump in America very soon.

The spin placed on this report is we are better prepared to weather the storm than in the 1990's,
we are not.

Also consider the predictions for the current property price falls were violently refused by the general media pundits and
our glorious leader, Gordon Brown. Yet here we are, in the beginning stage of the worst house price
crash this country will have ever seen. Please remember only months ago we were told house prices
never go down and this time next year they will increase by "200%", what a load of tosh.

Visionary websites such as www.globalhousepricecrash.com (and www.creditcrunch.co.uk ) have been
shouting loud about the creditcrunch and it's effects, which include a devastating house price crash,
for a very long time now. But not many have taken us seriously.


Do not buy property now, what ever you are told.

Please continue to use BeerHunters website, www.property-bee.com to track the house price falls in the UK and
take a look at TOOLS for other tools you might find helpful.

Remember, at this stage in the game for each month you do not buy you will;

1) Save 1000s of pounds of the price of a property.
2) As interest rates are going to be heading up, your deposit will be earning a nice profit in your bank account.

In other words, if you wait, you will get a bigger house for your cash with a smaller mortgage.

If you are a seller, you should take a profit hit now by lowering you price by a substantial amount rather than
chasing the market down, consider that in america prices have fallen by up to 40% -- even Gordon Brown regularly
on television at least admits this problem (which he believes originated in America) is spreading this way.

IWC are developing a programme about the credit crunch and its impact on the property market.

We are keen to talk to first time buyers who are finding it difficult to obtain a mortgage as a result of the credit crunch.

If you’re interested, we’d love to hear from you.

Please call Jasbir on 0207 031 4057 or email: jasbir.saund@iwcmedia.co.uk

Mortgage owners will see up to £1,000 a week wiped from the value of their properties. Recently stretched borrowers who have seen cheap mortgages disappear from the market who are already being pushed to their financial limit will find no comfort in knowing that each week, their house will fall in value faster than they can earn money. Many will suffer from negative equity, paying a crippling monthly payment on a property they can't sell, at least at a price to clear their debts. Nationwide have just reported a year on year house price fall, this means the house price crash is well under way. It seems, mortgage interest payments are now dead money - and renters and first time buyers who have chosen to sit out the market will pick up bargains in a few years time.

www.metro.co.uk

The National Federation of Enterprise Agencies (NFEA) is to host Credit Crunch Week, which
will run from April 28th to May 2nd and will include a range of tailored events across the country,
including seminars, workshops and surgeries and the chance to access one-to-one independent,
professional financial advice.

More information, direct at the NFEA website: http://www.nfea.com/index.htm?page=activities/creditcrunch.htm

Other news links.

http://www.colchester.gov.uk/news_det.asp?art_id=6777&sec_id=657

http://www.financemarkets.co.uk/2008/04/14/credit-crunch-week-launched-for-small-businesses/

http://www.ecademy.com/node.php?id=103326