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C12

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  1. Deflation will be a strong sign for the dollar (at least initially). Money will panic out of all assets and back into cash, much like 2008. The charts suggest we're not there yet. I think the central banks will have a much more difficult time printing their way out next time.. It will require some serious helicopters.
  2. I'm looking at the EURUSD levels at around 1.26 where there is significant multi year downtrend resistance (and a weekly level of supply). If it takes out 1.26 decisively then we could see 1.37.
  3. Ripple We're starting to see a washout in cryptos. Ripple has a particularly clean buy level at approx $0.42 which I'm planning to load up on if we reach this area. This is a centralised bank coin so maybe not the pick of the bunch in the very long term. However, I see this area as a very low risk, high reward entry if get down there. I would expect some longer term basing before taking out the spike highs. These markets are extremely volatile and it's far better to accumulate at value rather than chase price if you're an investor. This coin has a $48 Billion dollar market cap so you can be sure there's some serious pain out there. I've got a whole list of buy zones on a pile of cryptos but this chart stands out.
  4. Is this milking?

    I just stick with the cheapest 25 rolls of Britannias I can find. I usually just buy them in bulk from coininvest.com VAT free. The main thing for Britannias is that they're recognisable, divisible, not subject to CGT and will be very easy to offload when the time comes to sell. They fit all my criteria apart from not being particularly exciting. VAT on these coins (in the UK) is extremely sketchy in my view considering they have a face value.
  5. Is this milking?

    I didn't a pay a premium originally. Think it was about £14 when I bought it. I might stick it on ebay for a laugh and see what it goes for. Would bet it will still go for £25.
  6. Is this milking?

    Turns out this is a limited mintage coin with a bit of a premium as well. The rear side is immaculate. The sides are black... I probably should take better care of my stash.
  7. Is this milking?

    How about this. Bought this 2008 Britannia 10 years ago and chucked it in a box. Didn't realise the front side had no plastic protection. Just dug it out and looks about 200 years old.
  8. Is this milking?

    It doesn't matter if you're just investing in silver. When people rush into metals, even the worst condition coins will fly. It's only an issue if you're a bit OCD about keeping things in pristine condition. My stack of silver is now tarnished and beaten up over the years but never bothered me at all. The silver / gold ratio still massively favours silver in the long term. Keep on stacking.
  9. They better not turn gold into sterling into bitcoin and then back to sterling then.
  10. I guess that depends if the new 'owner' manages to sell the crypto and transfer the funds into their bank account. I'm not sure the point of the question?
  11. I agree with you that cryptos offer nothing. However, I think you're underestimating the madness of crowds, the fear of missing out and the greed of wanting more. Companies can go bust, commodities can crash and bonds can be defaulted upon. When the masses wake up and take notice of these insane (and consistent) gains in cryptos, big money will pile in. I think a $10 trillion crypto market cap in the next few years is probably conservative. I see this as the early stages of the biggest speculative mania of all time that will eventually dwarf every single bubble on record. It will also lead to the biggest collapse of all time.
  12. Yep, no plans for keeping anything on an unregulated exchange. My only concern with crypto is that I feel many coins will eventually evaporate as money gravitates into the latest and greatest coin. The market cap may hit $10 trillion, but there will probably be over 100,000 competing cryptos at this time and you'll eventually need to be quite nimble in transferring in and out of them.
  13. I was just about to load up £100 of each of the top 15 market cap coins but couldn't register. I found the whole thing to be a bit of a pain in the arse to be honest so will figure it all out over the next week. Coinbase doesn't accept sterling directly so you need to convert it via a currency exchange first to avoid getting stung on the rate and fees. The main issue is storing these coins off the exchange. Half of these coins don't even have a viable wallet to stick them on... My plan is also to be out of these coins well before the top of the bubble and transfer any gains straight into physical gold.
  14. This may sound ridiculous but I see the potential for crypto to bring down the entire financial system over the next few years. I can imagine a future where money evaporates out of stocks, commodities, bonds, bank accounts and gets sucked into an unregulated crypto pyramid system of exponential returns. The current crypto market cap is almost $1trillion and growing rapidly. It may be well over $10trillion in a couple of years. Right now the exchanges can't keep up with the scramble to buy these Altcoins. Binance has just shut it's doors on new registrations so I'd expect we'll see a fresh wave of unregulated exchanges opening over the next year. I'm not even sure how anyone can prepare for it. Even if you buy these coins now, there's no guarantee you'll eventually be able to do anything with them. Eventually people wont be able to cash out since there may not be any bank to transfer back to. How about a situation of complete blackouts as energy suppliers and ISP's are unable to maintain their networks. How will crypto coins help in this environment? This sounds like a doomsday scenario but something to think about.
  15. stacking goals 2018

    It's a great time to be a silver stacker as we're in the ballpark range of prices that will never be seen again. Not only that, we have the luxury to cherry pick anything we want which wont be the case down the line. the shelves will be empty. Sure, it's entirely possible we get another drop to $10 or even $8 dollars at worst, but the risk to reward ratio over the longer term is insane.