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.

Pete

Silver Premium Member
  • Posts

    5,021
  • Joined

  • Last visited

  • Days Won

    2
  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    Pete got a reaction from EdwardTeach in EU: Declare how much gold you have got   
    I need to watch again the movie Robin Hood where the Sheriff of Nottingham ( the actor that later appeared in Harry Potter as potions & spells master ) instructs his troops to raid the grain stored by the local peasants literally starving them to death over winter. With so much government debt, forget the bankrupt EU, and and a political reluctance to raise taxes, plus NHS back-log and social care etc etc to fund, who knows what is round the corner. For sure the uber-rich and city slickers will have their accountants and tax advisers working overtime in order that they avoid any hit on their wealth and assets whereas the rest of us will get raided like the "peasants" we are. Time to get that rifle licence ?
    PS - I sold all my gold
  2. Like
    Pete got a reaction from Magritte in When a Stack Becomes a Hoard & Lost for 2,000 Years   
    We weren't the first stackers as this picture illustrates.
    Many of us jokingly comment about burying our coins in the back garden.
    Well there is no shame in that but when you forget about your buried treasure and your secret isn't shared then it can take 2,000 years for your ancestors to uncover your stack.
    This batch was valued at around £10 million and I took the pictures during a visit a few days ago.
     

     

     

     

    Happy metal detecting !
     
  3. Haha
    Pete got a reaction from Coolsmp in EU: Declare how much gold you have got   
    I need to watch again the movie Robin Hood where the Sheriff of Nottingham ( the actor that later appeared in Harry Potter as potions & spells master ) instructs his troops to raid the grain stored by the local peasants literally starving them to death over winter. With so much government debt, forget the bankrupt EU, and and a political reluctance to raise taxes, plus NHS back-log and social care etc etc to fund, who knows what is round the corner. For sure the uber-rich and city slickers will have their accountants and tax advisers working overtime in order that they avoid any hit on their wealth and assets whereas the rest of us will get raided like the "peasants" we are. Time to get that rifle licence ?
    PS - I sold all my gold
  4. Like
    Pete got a reaction from silenceissilver in EU: Declare how much gold you have got   
    I need to watch again the movie Robin Hood where the Sheriff of Nottingham ( the actor that later appeared in Harry Potter as potions & spells master ) instructs his troops to raid the grain stored by the local peasants literally starving them to death over winter. With so much government debt, forget the bankrupt EU, and and a political reluctance to raise taxes, plus NHS back-log and social care etc etc to fund, who knows what is round the corner. For sure the uber-rich and city slickers will have their accountants and tax advisers working overtime in order that they avoid any hit on their wealth and assets whereas the rest of us will get raided like the "peasants" we are. Time to get that rifle licence ?
    PS - I sold all my gold
  5. Like
    Pete got a reaction from Jvw in RM must have a storage problem!!@   
    Not a time traveller with rock solid prediction - that's a pity !!
    I wouldn't read anything into RM pricing or promotions.
    Even the metals buyers at the RM don't know the price tomorrow of PMs.
     
  6. Haha
    Pete got a reaction from CollectorNo1 in EU: Declare how much gold you have got   
    I need to watch again the movie Robin Hood where the Sheriff of Nottingham ( the actor that later appeared in Harry Potter as potions & spells master ) instructs his troops to raid the grain stored by the local peasants literally starving them to death over winter. With so much government debt, forget the bankrupt EU, and and a political reluctance to raise taxes, plus NHS back-log and social care etc etc to fund, who knows what is round the corner. For sure the uber-rich and city slickers will have their accountants and tax advisers working overtime in order that they avoid any hit on their wealth and assets whereas the rest of us will get raided like the "peasants" we are. Time to get that rifle licence ?
    PS - I sold all my gold
  7. Like
    Pete got a reaction from HerefordBullyun in EU: Declare how much gold you have got   
    I need to watch again the movie Robin Hood where the Sheriff of Nottingham ( the actor that later appeared in Harry Potter as potions & spells master ) instructs his troops to raid the grain stored by the local peasants literally starving them to death over winter. With so much government debt, forget the bankrupt EU, and and a political reluctance to raise taxes, plus NHS back-log and social care etc etc to fund, who knows what is round the corner. For sure the uber-rich and city slickers will have their accountants and tax advisers working overtime in order that they avoid any hit on their wealth and assets whereas the rest of us will get raided like the "peasants" we are. Time to get that rifle licence ?
    PS - I sold all my gold
  8. Like
    Pete got a reaction from billysilver in Buying Silver Under the Radar   
    Needing to source some recent issues I was comparing prices for say the 2021 silver Maple.
    The lowest price I could find in the UK was £30.49 including shipping.
    GS.be show this for £20.75
    Unfortunately the shipping and VAT distort things so I was wondering if anyone has been able to buy a single coin ( or a small order ) from anyone in the EU and succeeded in receiving your coin(s) without VAT and handling charges.
  9. Like
    Pete got a reaction from rlingford in Has the Price of Gold & Silver Reached Equilibrium ?   
    We all ask the same questions - to buy gold or silver ?
    Up until Brexit, silver could be purchased VAT free or with very low VAT from the EU but not any longer.
    That kind of slants the choice for us UK folks.
    People regularly commented that gold was more of a preservation of wealth whilst silver was discussed as having much more "upside" meaning could be more profitable in the shorter term.
    These speculations were generally based on the gold / silver price ratio.
    If this ratio was high, as it certainly was, then there were 2 means of interpreting the data - either gold was overpriced or silver was underpriced by comparing both metals.
    My belief was gold was over-priced compared to silver and I have been patiently waiting for gold to fall.
    Now looking at the 25 year chart it appears as if there is some return to a near average price around 60:1.
    You can interpret this as ' not an unreasonable time to acquire either or both these metals ' so take your pick if you wish to invest in PMs.

  10. Haha
    Pete got a reaction from Alex944 in how to ensure a price drop   
    Most of us have already earned that badge !
    Fits the model of buying PMs precisely ....
  11. Like
    Pete got a reaction from Foster88 in how to ensure a price drop   
    Most of us have already earned that badge !
    Fits the model of buying PMs precisely ....
  12. Like
    Pete got a reaction from adamantio999 in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  13. Like
    Pete got a reaction from JasonDavies in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  14. Like
    Pete got a reaction from AuricGoldfinger in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  15. Like
    Pete got a reaction from Coverte in Old Sovereign or new QB? Scenario   
    Always think about the ease and cost of selling later.
    Unless you already have a nice nest egg of bullion I would recommend buying the cheapest gold coins with instant liquidity that you can find e.g. sovereigns, Britannias, Maples etc and if looking at the QB series avoid the premium issues and look for the most recent & cheapest.
    However if you want a cherished coin there is nothing wrong in that but ask yourself why ?

     
  16. Like
    Pete got a reaction from Touvex in Old Sovereign or new QB? Scenario   
    Always think about the ease and cost of selling later.
    Unless you already have a nice nest egg of bullion I would recommend buying the cheapest gold coins with instant liquidity that you can find e.g. sovereigns, Britannias, Maples etc and if looking at the QB series avoid the premium issues and look for the most recent & cheapest.
    However if you want a cherished coin there is nothing wrong in that but ask yourself why ?

     
  17. Like
    Pete got a reaction from ZigZag in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  18. Like
    Pete got a reaction from Scaffstacker in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  19. Like
    Pete got a reaction from Bigmarc in Has the Price of Gold & Silver Reached Equilibrium ?   
    We all ask the same questions - to buy gold or silver ?
    Up until Brexit, silver could be purchased VAT free or with very low VAT from the EU but not any longer.
    That kind of slants the choice for us UK folks.
    People regularly commented that gold was more of a preservation of wealth whilst silver was discussed as having much more "upside" meaning could be more profitable in the shorter term.
    These speculations were generally based on the gold / silver price ratio.
    If this ratio was high, as it certainly was, then there were 2 means of interpreting the data - either gold was overpriced or silver was underpriced by comparing both metals.
    My belief was gold was over-priced compared to silver and I have been patiently waiting for gold to fall.
    Now looking at the 25 year chart it appears as if there is some return to a near average price around 60:1.
    You can interpret this as ' not an unreasonable time to acquire either or both these metals ' so take your pick if you wish to invest in PMs.

  20. Like
    Pete got a reaction from Tortoise in Old Sovereign or new QB? Scenario   
    Always think about the ease and cost of selling later.
    Unless you already have a nice nest egg of bullion I would recommend buying the cheapest gold coins with instant liquidity that you can find e.g. sovereigns, Britannias, Maples etc and if looking at the QB series avoid the premium issues and look for the most recent & cheapest.
    However if you want a cherished coin there is nothing wrong in that but ask yourself why ?

     
  21. Like
    Pete got a reaction from Zhorro in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  22. Like
    Pete got a reaction from Jvw in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  23. Like
    Pete got a reaction from Bigmarc in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  24. Thanks
    Pete got a reaction from muneeb in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  25. Like
    Pete got a reaction from FlorinCollector in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
×
×
  • 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