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vand

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vand last won the day on March 28 2016

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About vand

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  1. No matter how low they were polling at the start of the campaign, I always though that the Labour vote would firm up at some point and they would still get get over 200 seats, which looks likely to happen now. In addition, the Tory campaign has been pretty lacklustre. Too many personal attacks and the backlash against the "safe & secure" mantra that has been way too overused. Going into Election day, I expect the polls to continue narrowing up until the last 48hrs where we always seem to get the inevitable last minutes swing back to the Tories. May returned to Downing St but by no means the crushing landslide that seemed inevitable at the start of the campaign.
  2. Can't help thinking Theresa May's biggest mistake was calling the election 7 weeks out. Gives enough time for people to get sick of the whole thing and paint every party with the same brush. A shorter 4-5 week campaign would have provided more urgency and better focussed the mind of the general public.
  3. Eventually we would like to move up the property ladder to a bigger house, but in today's low inflation envorinment that is much more difficult that it has been if you had bought a house 20-30 years ago as debt is not eroded by wage inflation. So the only option is to make overpayments to bring your mortgage term down. Most people stretching themselves buying "starter homes" today will find it almost impossible to trade up without a significant increase in income. When you hear people saying that the "economy is not working for them" this is precisely the sort of thing that makes it so.
  4. +22 oz added today, 69 oz in total in the last 4 weeks. I have now joined the 1000+ oz club. Bring on the Apocalypse!!
  5. If you already have a mortgage then making overpayments on it is imo the BEST thing that you can safely do with your money. It's represents zero risk and a very good guaranteed long-term return. With anything else the risk is not zero and the returns are not guaranteed. BUT.. that doesn't mean that if you don't have a mortgage you should rush out and get one! The boat has sailed on that one and now is not the time to be piling into housing.
  6. Buying from the mint directly is always more expensive.. this is not new news. Reputable dealers are still by far the cheapest and easiest way to easily acquire standard bullion.
  7. More evidence that the market is finally beginning to turn: http://www.bbc.co.uk/news/business-39842715 As ever, HP indices lag the true state of the market by 3-6 months. Will be interesting see if downward momentum picks up in the coming few months.
  8. LOL... hit the nail on the head. Cryptos are just another bubble. Bitcoin may or may not be the Crypto's Amazon, but would you want to try picking out the one to be left standing?
  9. Things are certainly softening up here in London. It may prove to be another false top, but perhaps, just perhaps, the market has peaked: https://www.theguardian.com/business/2017/may/03/buy-a-home-get-a-car-free-offers-galore-as-london-estate-agents-struggle-to-sell
  10. It's got to burst sooner or later.. We bought our flat in 2011 for £260k, and similar flats are appearing on the market today with asking prices of 420-440k. Gross yield is about 3.5%, net yield.. 3%? I'm sure that it wouldn't be hard to find areas with gross yields of 2.5%. It's all driven by stupidity like this: http://www.bbc.co.uk/news/business-39803515 "Mark Harris, chief executive of mortgage broker SPF Private Clients, said: "With HSBC launching the cheapest five-year fix on the market at 1.69% and Yorkshire Building Society introducing a record low two-year discounted rate at 0.89%, the market is more competitive than ever." Who the hell loans money for less than the rate of inflation? Those are pure BUBBLE loan rates.
  11. Increasing my buying as the price drops.. added 20oz of Kooks & Libertads at an average of 16% above spot. If prices stay this low or even lower over the summer I'm happy to continue buying heavily.
  12. How much you have grown your stack %age-wise rather depends how long you have been stacking and how many ounces you have managed to accumulate to date, so it'll be easier for 2nd year stackers to double their stack than those who've been stacking 5 or 10 years. We all have different incomes and life situations, but every ounce stacked is meaningful whether it is your 1st or your 10,000th.
  13. While I am an advocate of holding physical gold and silver, I don't think the case for holding physical platinum is nearly as strong. Gold & silver are recognised as money, platinum is not. Don't expect to be able to liquidate it in a SHTF scenario; your options to sell physical are incredibly limited, and the spread will kill you. Ultimately I am definitely not "collecting" platinum, I'm purely looking at it as a speculative position on the PM market where the risk/reward is favourable. I have my physical gold/silver holdings and will be increasing these, so I'm happy to also hold a purely paper platinum position over the next few years. At some point platinum's rarity will be seen as a strong reason why it should be much higher, and then there's going to be an almight rush into it which will send it sky high.
  14. A useful page to compare ratios. https://pmtrend.com/ratio-history I can't find anything cheaper than Platinum at the moment compared to its historical average.
  15. Platinum just hit $904. With gold at $1250, this means the gold:plat ratio is 1.38, a level it has only touched briefly for 2 or 3 sessions in the last.. 100 years. That's too cheap. I'm buying (via ETF). Anyone else? http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24PLAT&p=W&st=1990-05-01&en=(today)&id=p77835177339