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silversky

Silver Premium Member
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Reputation Activity

  1. Like
    silversky got a reaction from timsk in Silver Monitoring Thread £ (GBP) only.   
    Silver looks to be leading gold down at the moment.  Gold might have put in a little double top on the daily, but Silver barely made an effort and is already chugging downhill.  Maybe gold will pick up and drag Silver with it reluctantly.  It certainly doesn't look keen to rise at the moment.
    Edit: added below.
    Silver looks like it's already rolled over the top, and getting ready to plummet back to £18...  but maybe not.

     
    Whereas Gold looks like it's still fighting with the top and hasn't given up yet.  It might or might not go for an extension, and if it does then Silver will probably have it's decline halted and behave like a sullen child rather than follow suit enthusiastically.

     
  2. Like
    silversky got a reaction from Paw in Silver Monitoring Thread £ (GBP) only.   
    Silver looks to be leading gold down at the moment.  Gold might have put in a little double top on the daily, but Silver barely made an effort and is already chugging downhill.  Maybe gold will pick up and drag Silver with it reluctantly.  It certainly doesn't look keen to rise at the moment.
    Edit: added below.
    Silver looks like it's already rolled over the top, and getting ready to plummet back to £18...  but maybe not.

     
    Whereas Gold looks like it's still fighting with the top and hasn't given up yet.  It might or might not go for an extension, and if it does then Silver will probably have it's decline halted and behave like a sullen child rather than follow suit enthusiastically.

     
  3. Like
    silversky got a reaction from HonestMoneyGoldSilver in Silver Monitoring Thread £ (GBP) only.   
    Silver looks to be leading gold down at the moment.  Gold might have put in a little double top on the daily, but Silver barely made an effort and is already chugging downhill.  Maybe gold will pick up and drag Silver with it reluctantly.  It certainly doesn't look keen to rise at the moment.
    Edit: added below.
    Silver looks like it's already rolled over the top, and getting ready to plummet back to £18...  but maybe not.

     
    Whereas Gold looks like it's still fighting with the top and hasn't given up yet.  It might or might not go for an extension, and if it does then Silver will probably have it's decline halted and behave like a sullen child rather than follow suit enthusiastically.

     
  4. Like
    silversky got a reaction from Earthmetal in Silver Monitoring Thread £ (GBP) only.   
    Apparently we're the hard core stackers...  been around since before it was trendy...  as old as the hills or summit like that.... and we know what we're talking about!!!...
    But it's a fair point he raises about how much Silver to hold.  I can't remember where I posted my views and reasons on it, but I reckon holding your own weight in Silver is a good start.  It's more than enough to keep you and the family out of trouble in a severe financial devastation including no electricity water etc. and it's enough to make a nice difference if it just does a 5 to 10 times revaluation due to commodity shortages and or precious metals revaluation.  The former outcome is extremely unlikely, but the latter one is entirely likely at some point imo.
  5. Super Like
    silversky got a reaction from katyc in Silver Monitoring Thread £ (GBP) only.   
    Apparently we're the hard core stackers...  been around since before it was trendy...  as old as the hills or summit like that.... and we know what we're talking about!!!...
    But it's a fair point he raises about how much Silver to hold.  I can't remember where I posted my views and reasons on it, but I reckon holding your own weight in Silver is a good start.  It's more than enough to keep you and the family out of trouble in a severe financial devastation including no electricity water etc. and it's enough to make a nice difference if it just does a 5 to 10 times revaluation due to commodity shortages and or precious metals revaluation.  The former outcome is extremely unlikely, but the latter one is entirely likely at some point imo.
  6. Thanks
    silversky reacted to Chronos in Silver Monitoring Thread £ (GBP) only.   
    Silver forum mentioned around 2:00 mark:
     
  7. Haha
    silversky reacted to treetop1280 in Gold Monitoring Thread £ GBP only   
    My apologies to everyone I didn’t realise I was on the gold monitoring thread ??? Doesn’t seem to be much tittle tattle about gold , I take them numbers on the screen are going down instead of up 👍
  8. Haha
    silversky got a reaction from Roy in Gold Monitoring Thread £ GBP only   
    They obviously read chatGPT's 101 reasons why gold is doomed...
  9. Haha
    silversky reacted to Chronos in Silver Monitoring Thread £ (GBP) only.   
    There are only five of us left ...
  10. Super LOVE
    silversky got a reaction from bobski in Silver Monitoring Thread £ (GBP) only.   
    Your wish has been granted...  
  11. Haha
    silversky reacted to Darr3nG in Gold Monitoring Thread £ GBP only   
    Silver sweats?
  12. Haha
    silversky got a reaction from Chronos in Silver Monitoring Thread £ (GBP) only.   
    Your wish has been granted...  
  13. Haha
    silversky got a reaction from MBTPSilver in Silver Monitoring Thread £ (GBP) only.   
    Your wish has been granted...  
  14. Like
    silversky got a reaction from Maxx546 in Gold Monitoring Thread £ GBP only   
    The interesting thing about the way this is described, is that the 8-1 voting ratio is 8 for no change and 1 for a cut.  But.... the 6-3 split as it's described last month, would better be represented as 2-6-1.   That's because it actually represented  2 votes for a rise!!! 6 for unchanged and 1 for a cut.  Calling it 6-3 made it sound to the casual observer like we were much closer to a cut, when in fact they hadn't even become properly neutral yet.
    Sneaky messaging really.  It was all about delaying any cuts for as long as possible and hoping that expectation can hold things together for as long as possible.  The cuts will come in advance of the General Election.  The ruling elites wish to appear that they are good at this economy thing... so it will be given the shot in the arm about 4-5 months before the GE to try to boost things a bit and add a thin veneer of competency to the incumbent crooks.
     

  15. Super Like
    silversky got a reaction from Gruff in Gold Monitoring Thread £ GBP only   
    The interesting thing about the way this is described, is that the 8-1 voting ratio is 8 for no change and 1 for a cut.  But.... the 6-3 split as it's described last month, would better be represented as 2-6-1.   That's because it actually represented  2 votes for a rise!!! 6 for unchanged and 1 for a cut.  Calling it 6-3 made it sound to the casual observer like we were much closer to a cut, when in fact they hadn't even become properly neutral yet.
    Sneaky messaging really.  It was all about delaying any cuts for as long as possible and hoping that expectation can hold things together for as long as possible.  The cuts will come in advance of the General Election.  The ruling elites wish to appear that they are good at this economy thing... so it will be given the shot in the arm about 4-5 months before the GE to try to boost things a bit and add a thin veneer of competency to the incumbent crooks.
     

  16. Super Like
    silversky got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    The interesting thing about the way this is described, is that the 8-1 voting ratio is 8 for no change and 1 for a cut.  But.... the 6-3 split as it's described last month, would better be represented as 2-6-1.   That's because it actually represented  2 votes for a rise!!! 6 for unchanged and 1 for a cut.  Calling it 6-3 made it sound to the casual observer like we were much closer to a cut, when in fact they hadn't even become properly neutral yet.
    Sneaky messaging really.  It was all about delaying any cuts for as long as possible and hoping that expectation can hold things together for as long as possible.  The cuts will come in advance of the General Election.  The ruling elites wish to appear that they are good at this economy thing... so it will be given the shot in the arm about 4-5 months before the GE to try to boost things a bit and add a thin veneer of competency to the incumbent crooks.
     

  17. Like
    silversky got a reaction from MBTPSilver in Gold Monitoring Thread £ GBP only   
    The interesting thing about the way this is described, is that the 8-1 voting ratio is 8 for no change and 1 for a cut.  But.... the 6-3 split as it's described last month, would better be represented as 2-6-1.   That's because it actually represented  2 votes for a rise!!! 6 for unchanged and 1 for a cut.  Calling it 6-3 made it sound to the casual observer like we were much closer to a cut, when in fact they hadn't even become properly neutral yet.
    Sneaky messaging really.  It was all about delaying any cuts for as long as possible and hoping that expectation can hold things together for as long as possible.  The cuts will come in advance of the General Election.  The ruling elites wish to appear that they are good at this economy thing... so it will be given the shot in the arm about 4-5 months before the GE to try to boost things a bit and add a thin veneer of competency to the incumbent crooks.
     

  18. Like
    silversky got a reaction from Paul in Gold Monitoring Thread £ GBP only   
    I stopped reading it as soon as I recognised the smell of Chatgpt.  But I recognise that it's like a parody on the negativity surrounding gold in certain circles.  But it could equally serve as a parody on the fallibility of chatGPT.  It can sound persuasively authoritative, while being totally and completely wrong...  
  19. Like
    silversky reacted to Aldebaran in Gold Monitoring Thread £ GBP only   
    I wish there was a ‘yawn’ reaction 🖖
  20. Like
    silversky reacted to HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    Your broadband and TV/phone bill is going up 8.8% next month - inflation (4.9% official) + 3.9% on top because they can
    That's total BS, right? Owning gold is the reciprocal of this  turns the tables and makes you the bast**d making money instead of losing it
    Historically gold returns inflation + 5 or 6%
    Gold is undervalued by about 50% relative to historical trends. It should be above $3000 and it will be in the not too distant future
    The price of gold is not changing, it's the value of fiat currency that is going down. Global population increases and the improved financial situation of poor countries like India and China also boost gold prices and will continue to do so probably for the rest of our lives
  21. Haha
    silversky got a reaction from 9x883 in Gold Monitoring Thread £ GBP only   
    I stopped reading it as soon as I recognised the smell of Chatgpt.  But I recognise that it's like a parody on the negativity surrounding gold in certain circles.  But it could equally serve as a parody on the fallibility of chatGPT.  It can sound persuasively authoritative, while being totally and completely wrong...  
  22. Haha
    silversky got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    I stopped reading it as soon as I recognised the smell of Chatgpt.  But I recognise that it's like a parody on the negativity surrounding gold in certain circles.  But it could equally serve as a parody on the fallibility of chatGPT.  It can sound persuasively authoritative, while being totally and completely wrong...  
  23. Haha
    silversky reacted to PapaLazarou in Gold Monitoring Thread £ GBP only   
    You called?...

  24. Like
    silversky reacted to Agaupl in Gold Monitoring Thread £ GBP only   
    Sh!t in Sh!t out 
  25. Like
    silversky reacted to JamesH in Gold Monitoring Thread £ GBP only   
    That’s about the sum of it. For me there are two key benefits. I plan to hold long term and expect the gold price to inflate more quickly over the years ahead, thus making a little extra on the side (it will also hopefully offset any coming losses on my S&S ISA). Secondly, rather than an investment, it stores value. If I buy an ounce at £1700 today and say that buys me 340 pints at the pub, in 1/2/5/10 years time etc, that should still hopefully buy me 340 pints at the pub vs cash in the bank that will then buy me significantly fewer. Gold will remain highly liquid when cashing in vs maybe a more subdued market for out of date tins of beans/coffee etc
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