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Reputation Activity
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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.
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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.
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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.
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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.
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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.
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silversky reacted to Chronos in Silver Monitoring Thread £ (GBP) only.
Silver forum mentioned around 2:00 mark:
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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 👍
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silversky got a reaction from Roy in Gold Monitoring Thread £ GBP only
They obviously read chatGPT's 101 reasons why gold is doomed...
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silversky reacted to Chronos in Silver Monitoring Thread £ (GBP) only.
There are only five of us left ...
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silversky got a reaction from bobski in Silver Monitoring Thread £ (GBP) only.
Your wish has been granted...
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silversky got a reaction from Chronos in Silver Monitoring Thread £ (GBP) only.
Your wish has been granted...
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silversky got a reaction from MBTPSilver in Silver Monitoring Thread £ (GBP) only.
Your wish has been granted...
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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.
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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.
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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.
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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.
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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...
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silversky reacted to Aldebaran in Gold Monitoring Thread £ GBP only
I wish there was a ‘yawn’ reaction 🖖
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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
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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...
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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...
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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