Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

Mark10110

Member
  • Posts

    306
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    United Kingdom

Everything posted by Mark10110

  1. Also great move to make, Create a spreadsheet of dates you purchased, what you got, how much and use the formula cells so you can always see your average cost over time, I created a cell where I put in the current price and it tells me my total potential profit loss.
  2. Something you need to learn in the metals space (or crypto space), You are not down till you sell. For Example, I paid in the ranges of £18 per oz of silver around 2016/2017, I was "down" for about 2 years, then I was up for around 7 months in 2020/2021, I haven't sold so in reality I haven't made a profit or a loss. It can be a learning curve to not see it as a profit/loss and more of a future profit/loss. It's not healthy to be market watching too much, Sure watch some youtube vids every so often for entertainment but also keep in mind the biggest "Experts" out there don't know what's going to happen, Off the top of my head I remember Jim Rickards saying in December 2021 " we have reached peak inflation". He was wrong...... so so very wrong. No one can tell you the future, if they claim they know... they are lying. (Jim Rickards is the biggest gold/silver bug I know of, and known as top of the field, check his books out)
  3. I set myself a goal of buying a minimum of 1oz gold per year and today i finally was able to do it. Nothing special just the 2022 Britannia. Been a strange 3 years, this brings my total to 7.78 oz of gold. Anyone else struggling to decide where to put currency with the current climate? Silver is off the table with the premiums and tax, BTC is a scary environment atm and gold seems to be stale.
  4. Peter Schiff is a good listen, however I dislike his anti-bitcoin stance
  5. In hindsight I think I played this perfectly. I halted buying silver at 450oz as it hit £20 per oz (including tax) and tapered buying gold around £1300 funneling my funds towards acquiring my goal of owning a full bitcoin before the next bull run. My plans for the next 2 years is to start selling some of my Crypto holdings and start buying gold and silver with a % of the profits. Silver I will buy on these forums more than likely and gold from a trusted dealer. I did want to get into gold mining stocks but it seems extremely complicated and a headache and I prefer to "set it and forget it"
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use