There you go again Yabby. Shifting again. From the period we were discussing 2005- 2007 when my predictions were made to a period not under discussion 2008. A period well after the impact of the GFC when it's quite possible other circumstances, utterly unable to be foreseen during the GFC and unrelated to the GFC, impacted on Wesfarmers Shares.

Now on 8 Oct 2008, my birthday, if I'd sold gold at $900 (250 GP) and then invested in Wesfarmers ... well that's beyond you as you won't buy gold because you see it as naughty and unwise speculation.

Ahhh risk, you mention.

Have you ever faced death Yabby?

It's a game changer Yabby. You soon understand there is no such thing as security. You don't really live untill you face death. You realise all that matters is how you dare to test yourself..

I recommend that.


I should be pleased you adopt my terminologies. Wisdom ... for one.

Some of us are born to lead and others to follow.

ps Both my grandmothers had staff to collect eggs for them. Both were involved in their own businesses.
One was a widow with 4 kids under 10.

Again your assumptions tell us much more about you.

Well no Keith, for in 2008 the GFC was still very much happening.
Things were in a downward spiral, markets crashing etc. So it
is very much part of the discussion.

But you have already admitted your mistake, which you posted on
26th March, 2010. For that you do actually deserve some credit.

You wrote:

*Yabby I was wrong about shares but gold's done well ... but not as well as billiton shares ...

Just shows I'm human, can err and I can accept my mistake.

The matters of little import.

But to suggest an error in financial judgement means I'm wrong on other matters is just plain idiotic!*

So there we have it, Keith.

Perhaps your far biggest mistake has been to think that Bush was
a good president and that simply shows your poor judgement once again.

So what? Yabby.

You wouldn't be being selective again and ignoring facts that debunk your position ... would you?

It seems that in March 2008, when I acknowledege my prediction was wrong, gold was at about 880 up from 650 the previous year. So it's increasing in value was only marginally behind the rise in share values over the same period. So over the year I was not quite correct.

HOWEVER since then gold has risen to over 1750 while there has been no growth in share prices. Which would make my prediction totally correct ... and uncontestable.

You cannot deny that logic Yabby so don't even try.

Time for you to apologise, for asserting I make wild guesses that prove inaccurate(Note your exaggerating use of the plural).

Are you man enough Yabby?

Further are you now telling me Wesfarmers fell to dramatically low levels in 2005 and that their rise since was only because the GFC has abated? Other factors weren't involved in their increasing value.

Careful now in case you contadict yourself again.

I find it odd you see a change from 6 to 15 as 'Things were in a downward spiral, markets crashing etc...' suggests Wesfarmers rising value wasn't affected by factors totally unrelated to the GFC. Don't you see your inconsistancy ... again ... sigh.

This is becoming boring. You seem prepared to say anything without referece to facts ... another lefie trait you share.

*It seems that in March 2008, when I acknowledege my prediction was wrong*

Well here is the problem Keith. You are seemingly unable to read a
single sentence of mine and read it correctly. Now go back and read
what I actually wrote. I clearly stated March 2010, not March 2008.
Are you losing your marbles or just trying to play difficult?

*HOWEVER since then gold has risen to over 1750 while there has been no growth in share prices.*

Again wrong. Wesfarmers shares have gone from 15$ to 35$, plus paid
a great dividend every 6 months. As my original Wesfarmers shares
cost me 6$, I would have been a fool to take your advice.

* Time for you to apologise, for asserting I make wild guesses that prove inaccurate*

Wild guesses is what your record shows, Keith, as distinct from wiser
posters on OLO

You are stubbonly narrowly focused Yabby.

Firstly I admit I looked at 2008 instead of 2010. But that would have only favoured your assertions. Change 880 to 1200 and you will see gold only just doubled in value. Only a very minor less increase than your bundle of wesfarmer share price. So in the shorter term that would only have made me marginally incorrect.

However your justifications are only valid if you'd put all your money in Wesfarmers ... which from your displayed safety first and only attitudes you would not have done.

Simply put you wouldn't have put all your eggs into one basket. (Which is something I've done on more than one occassion. My guidelines are simple. 1. I'll gain substantially. 2. Any losses will be marginal.}

So for your assumption over the mid term to be correct you'd have to have averaged the rise and fall in values of all your shares. You'd have to detail all your dealings and you would be unwise to do that, so your truthful conclusions will forever be unknown and my claims simply proven.

Secondly where is your mention of the GFC and Wesfarmers apparent 'bucking' of the 'downward spiral, markets crashing etc'

Too hard and impossible to justify two dramatically contradictory assertions Yabby? And you reckon I make wild guesses.

I've had another great big belly laugh.

Do try and man up Yabby. That apology is still owing.
.

*That apology is still owing*

Well no Keith, but given the fact that you seem unable to read a
line that I wrote in the last post, your memory of your predictions
some 4 years ago, is clearly missing, so perhaps you are unaware
of how foolish that was. You simply can't remember, so I will
remind you.

You claimed that history would recognise Bush as one of the most
sucessful presidents ever, at a time when he just nearly sent the
global economy into complete collapse.

You predicted that the Dow might drop to 1400, so saw scary times for
shares, so rushed into gold. Meantime of course under Obama, the Dow
has nearly doubled.

You were clearly in a state of panic, Keith. Panic happens when
the mob stampede like a herd of ostriches. If enough stampede, yes
its a stampede.

Luckily for you and for a great many, Obama has proven you wrong and
the US economy has turned around.

That might be bitter to swallow, but its the reality after 4 years
of him as Prez. Suck it up.