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  1. Congratulations to anyone holding Integra (CVE:ICG) Double kudos to Taylor Dart at Seeking Alpha https://seekingalpha.com/article/4015607-2-gold-juniors-ripe-takeovers for picking this and Mariana as likely takeover targets last October.
  2. Anyone else think it is odd that gold is going down while bitcoin has risen to an all-time high? Is this just a long-term trend in bitcoin price resulting from the fact that it is still a new currency and its ownership is widening? Or is it that there are no leveraged instruments for shorting bitcoin?
  3. If the price goes down, don't fret, just keep buying and benefit from cost averaging. As to why the price is going down: large volumes of sales contracts continue to be made on the futures market, which is where the price is recorded. For what it's worth, the gap between this paper price and the physical price in Shanghai is particularly high at the moment, and has been for about 10 days or so. Large gaps create an arbitrage opportunity, so they do not usually stay large for long.
  4. I bought some last August, and some more in January of this year. Now to find the next good candidate. I've recently seen these tipped: CVE:ADZ Adamera CVE:AGB Atlantic Gold TSE:AUG Auryn Resources TSE:ETG Entree Gold TSE:SBB Sabina (This is not a recommendation. DYOR)
  5. Congratulations to anyone holding Mariana (LON:MARL). Up 55% following a takeover bid. Kudos to Taylor Dart at SeekingAlpha for picking it as a likely takeover target last October.
  6. P/E is only one measure of value. You need to bear in mind the following: 1. A lot of investors just want safe dividends. They can no longer get these from high rated bonds, because bond yields are low and look set to stay low, at least in real terms. But they can get dividends from stocks. Many blue chip stocks pay 3% or more in dividends, and as long as they can maintain these dividends these stocks are not overpriced. We are now in a mad world where conservative investors have been chased out of bonds and into stocks and are buying them for yield. 2. P/E ratios cannot appropriately be compared with historical values, because QE has fundamentally shifted any point of comparison. A whole lot of money is chasing after stocks and bonds that never used to exist. 3. In recent years, many companies have exploited the low interest rates to borrow money for share buy-backs. This has reduced the shares in circulation and pushed up prices. 4. In Japan, the central bank is buying stocks, meaning that prices cannot fall, unless there is a systemic financial collapse. Central banks in the USA, UK or Europe might follow suit, printing money and buying stocks to prop up the market prices. Governments over time show a tendency for increased intervention and interference in economic affairs, so I wouldn't find this development surprising. 5. Stock prices can only fall if many investors take their money out of the stock market; but if they do, where does it go? Bonds are already overpriced. Cash held at bank is asking for trouble: the banks are not that safe. Real estate might be OK if you know where and what to buy, but much of that is overpriced as well. Precious metals should be an attractive option, but so far the market has been ignoring them. So, stocks remain a default option for money that has nowhere better to go.
  7. Top five holdings of various ETFs as of April 2017: GDX Barrick; Newmont Mining; Newcrest Mining; Goldcorp; Franco Nevada. SGDM Randgold Resources; Agnico Eagle; Newmont Mining; Goldcorp; Barrick. AUCP Barrick; Newmont Mining; Randgold Resources; Newcrest Mining; Goldcorp. TGLDX Franco-Nevada; Pan American Silver; Detour Gold; Agnico Eagle; Torex Gold. EPGFX Franco-Nevada; Agnico Eagle; Goldcorp; Royal Gold; Osisko Gold Royalties. GDXJ Kirkland Lake; Silver Standard; Regis Resources; Torex Gold; Osisko Gold Royalties. SGDJ Alamos Gold; Oceanagold; Iamgold; Endeavour Mining; Osisko Gold Royalties. SILJ Pan American Silver; First Majestic Silver; Coeur Mining; Silvercorp Metal; Hocschild Mining.
  8. The $20/ozT rise in gold price over the last week has set up a nice battle between the bulls and bears. The physical price in Shanghai briefly touched $1300 on Friday. If the price holds at this level or rises for another week, the momentum traders will come in and drive it up further. If geopolitical events calm down, it may well return to $1260 or lower. I would far rather be on the long side. In two recent interviews with King World News, Andrew McGuire has said that shortage of supply of physical gold has reached the point where there is serious competition for buyers and availability of the physical has started to determine the price. If he's right, we should see higher prices later this year.
  9. Confiscating silver would be difficult because there is so much of it; also, it is bulky and not highly valuable for its size or weight. Imposing CGT on Britannias is possible, though I doubt it would bring in much tax revenue. Gold is another matter. The government could impose VAT on it - it is something of an anomaly that there is no VAT. CGT could be imposed on Britannias and sovereigns. If there was a large increase in its price, there could be a windfall tax. Confiscation is unlikely, but a possibility would be a law restricting the amount of gold a person is permitted to own. From 1966 to 1979 it was illegal for UK citizens to own more than four gold coins. These days there are lots more ways to own gold, so a simple restriction on coins would be useless, but some kind of limit by mass would be possible. Holding gold outside the UK is another option, e.g. through an account with a company like GoldMoney or Bullion Vault, or through Perth Mint certificates. A mix of this and some physical coins is not a bad idea. If the government goes broke and wants your money, they are more likely to raid your bank account or nationalise pension schemes. It is far easier to do and there is more money to be had from it. Private ownership of gold is fairly small by comparison.
  10. According to the review of Degiro: *** Your securities can be loaned to third parties *** - this would raise alarm bells for me. You can opt for a segregated account, but this is more expensive. Also Degiro does not handle ISA accounts.
  11. Audio only interview with Rick Rule. One of the most knowledgeable and level-headed people in the precious metals business.
  12. @Oystonout I'm not a financial advisor, so treat everything I say as just a suggestion for your consideration. Investable wealth can be divided across many different asset classes: bonds, stocks, cash, precious metals, real estate, collectables. The best percentage to allocate to each class depends on all kinds of things about you: your age, your employment status, your current and prospective income, your outgoings, your risk tolerance, your financial objectives, etc. There is no one best answer. Traditionally, financial advisors used to recommend a 5% to 10% allocation to gold and/or gold stocks, though these days most do not. This may be because advisors cannot earn a commission by advising their clients to buy gold, or it may be just that they consider gold to be too volatile. Your assessment of the likely future developments in the economy are ones I agree with. Financial commentators who agree with this pessimistic assessment (such as Marc Faber, James Rickards, Peter Schiff, Bill Fleckenstein, John Rubino, and others) typically claim that having at least 10% of your wealth in physical precious metals is a good idea. Marc Faber recommends 25%. What works for you will depend on how much you have and what you can afford to put at risk. I suggest thinking of physical gold and silver as an insurance policy rather as an investment. It is there to hold its value over the long term and protect your savings from inflation, defaults, and crashes. If you want to speculate on the price of gold, gold mining stocks are an attractive option, but they are much riskier, and will likely crash if there is a general stock market crash. As of right now (March 2017) although gold is close to £1000 per ozt, it has been higher, e.g. in 2016 and in 2011-12. There is certainly no reason why it could not go back above previous highs. Silver is currently lagging behind gold and is comparatively cheap at £14. Silver is more volatile than gold, but you could probably do a lot worse than buy some silver coins at current prices. If you are in the UK, buying from Silver-To-Go is a tax-efficient option, and if you buy British coins, such as the Britannia, they are exempt from capital gains tax. If you want to buy gold coins, I suggest sovereigns. They are smaller and more convenient than the big 1 ozt coins, and are recognisable worldwide. Other ways of buying gold are described in this article: http://thesilverforum.com/articles/articles/how-to-invest-in-gold-r4/
  13. I guess a lot of us are pretty happy after the price action yesterday - especially anyone owning the gold and silver miners.
  14. I think it is for inviduals, not businesses, to encourage people to make some money by selling goods and services online. I suspect that currently if you sell coins on eBay you will have HMRC pursuing you for being a trader and wanting to tax your profits. This gives you an opportunity to earn a little extra money.
  15. The upcoming new tax year in the UK will bring in a new £1,000 allowance for money earned from the sharing economy. This covers "selling goods", so we should now be able to make up to a £1,000 profit from selling coins in any year before any tax is payable. The ISA allowance is also rising to £20,000.