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Posts posted by mr-dead
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Gold has now exceeded the inflation adjusted ATH
- GrahamDiamond, PJRay and dicker
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8 minutes ago, AuricGoldfinger said:
@mr-dead you definitely did the right thing for you. There are always new highs and new lows. The whole point is to suit your own needs.
Did you get anywhere with the CGT?
I called over my accounts house a few days back to get my I.D certified for the house purchase and dropped off the paperwork for the gold sale. Not had the figure due yet but should be sorted by Friday
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2 minutes ago, Paul said:
Oh, I never realised you had sold off your 1kgs - bricks and mortar, nearly always a good/safe investment
sold them about about 2 weeks ago + some krugs for a house purchase.
Just checked, I paid £33,328 in Sept 2017 for my Baird bar which are now £50,698.
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12 minutes ago, Paul said:No regrets selling the bars at all, you cant time the markets.
I set myself targets and goals and stick to the plan, served me well to date enabling me to pay off my current house early and buy my next one for cash. Still made 40% on what I sold and have around 100oz gold left + a few thousand ozs of silver
Also the current short period of stamp duty/LTT holiday offsets some of the differential in the mid and longer term.
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- HerefordBullyun and dicker
- 2
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2 hours ago, Hennypenny said:
I am a newbie and trusted members on the silver forum. I relied on the feedback system. I'm now worried about buying precious metals from members.
Just wondering why you trusted the 1 person over the handful that disagreed with him
- Goldhooked, Ansel, MancunianStacker and 3 others
- 6
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21 hours ago, Abyss said:
I found @Wonger I want to say it took months of pain stacking research but I read an article on Forbes and the author is no doubt in my mind @Wonger.
Stay The Hell Away From Gold
https://www.forbes.com/sites/lawrencelight/2020/07/26/stay-the-hell-away-from-gold/
In the real world @Wonger is....... drum roll please...........
pain stacking research
stacking on the brain, stick to stacking gold/silver lol
- MancunianStacker and Abyss
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4 minutes ago, SilverPirate007 said:
No one holds gold in Zimbabwe
the wealthy hold gold in every country on the planet
- dicker, jultorsk and MancunianStacker
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2 minutes ago, Notafront4adragon said:
No one used gold in Zimbabwe for purchasing anything. They just used US dollar.
who faired better after the crash, someone holding their wealth in gold or cash in the bank?
I presume it would be far easier exchanging gold for dollars to buy local goods over worthless local currency?
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1 minute ago, SilverPirate007 said:
I doff my cap to you, I wish I had bought into gold earlier. My point is you needed to pay in cash as it’s the accepted form of payment.
it may have wider acceptance but does that make it "king" when it's purchasing power is eroded year on year and if you can't generate interest or a return exceeding inflation is a disaster long term?
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3 minutes ago, SilverPirate007 said:Indeed, I have worked in Zambia and travelled in Zimbabwe. We are a very different kettle of fish though! I understand you recently bought your home. Did you pay in cash or gold?
not finalised yet, I used cash as a short term transfer medium after the gold increased in cash value by 40%
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51 minutes ago, SilverPirate007 said:
I think your approach is eminently sensible. Cash will always be king despite the SHTF promoters. I think silver is going to go on a bull run from here but one can never be certain, I hold about 25% of my assets in cash just in case.
Not always,
Zimbabwe:
Germany:
We have a whole list here:
https://www.tripsavvy.com/worlds-most-worthless-currencies-4154597
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2 minutes ago, Wonger said:
Lets hope you continue posting that chart for updates until $385 by the end of 2021
ill just take a leaf out your book and claim its just on its way to $10k
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1 minute ago, Kman said:
Not going to lie I've skimmed through what I have read of the thread because it's a waste of time, but I shouldn't say never ending if you said 2021 sorry
Never to $600 again because of all the QE
I'd be surprised if we ever see under $1200 again
No mention of 2021 in the original post, apparently the crash to $400 - $600 started on the 24th March
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Just now, Wonger said:
"to date"
yes the difference between reality, facts and crystal ball predictions.
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seems wonger is going all out as we approach $1900.
as I said previously, you would have made far more money doing the polar opposite of what he suggested to date so best ignore him.
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4 hours ago, r1lee said:
Coming crash will take all asset classes down with it as people run to liquidity. But $400 gold, I can see it but SP would also be hovering around that level to.
How much physical gold do you think will be available @ $400 when it costs around $1k to produce?
and before you quote the recent oil price crash as a comparison lets not forget that was due to a physical storage issue which gold does not have.
- MancunianStacker, silverin and dicker
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@augur 1oz gold proof Queens Beasts series to date
in Gold
Posted · Edited by mr-dead
no idea, my stack has been stashed away and forgotten about for the last 2 years, been too busy and too skint after moving home getting everything sorted the way we want it.
pretty much done now though and planning to start getting back into gold stacking.