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SpacedMarine

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  • Posts

    186
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  • Trading Feedback

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    SpacedMarine got a reaction from rebnah in Today I bought.....   
    Just landed today thanks to Rebnah ???


  2. Like
    SpacedMarine reacted to silversky in Gold Monitoring Thread £ GBP only   
    I think the pound will fair better in the long run through Brexit.  It may even eventually become a safe haven.  The Euro has many significant problems with negative rates, bank bailouts and Greek debt problems bubbling away just now.  We will also find out on Thursday the direction of the ECB with their policy meeting.  If the Labour party or a combination of them and the SNP get their hands on power then real concern will erupt in the pound is my opinion.  A possible two further referendums and tax rises on business will be taken very poorly imo.  A vote to reverse Brexit would not return the pound to any strength either.  The situation in Europe is not good and now that we are supposedly leaving the market has got used to that idea.  Threatening to rejoin would likely just damage it further along with all the damage from left wing tax and spend implications and the like.  I can see a lot of foreign money abandoning the UK if a combination of the left wingers get in.  Hence why gold is looking like not a bad trade to keep cash safe through all this indecision.
  3. Like
    SpacedMarine got a reaction from Jester in Today I bought.....   
    Just landed today thanks to Rebnah ???


  4. Like
    SpacedMarine got a reaction from prophet800 in Today I bought.....   
    Just landed today thanks to Rebnah ???


  5. Like
    SpacedMarine got a reaction from Agpanda in Today I bought.....   
    Just landed today thanks to Rebnah ???


  6. Like
    SpacedMarine got a reaction from oliversw5 in Today I bought.....   
    Just landed today thanks to Rebnah ???


  7. Like
    SpacedMarine reacted to HelpingHands in Gold Monitoring Thread £ GBP only   
    I think down because the pound may go up.
    Let's meet in the middle and say nowt happens. 
  8. Like
    SpacedMarine got a reaction from JSILVER in Gold Monitoring Thread £ GBP only   
    No but stock market PE ratio went to 120 in 2009 at height of crisis!So people saying the stock market will crash are full of crap in my opinion.If the value of fiat goes down how could assets such as gold,blue chip stocks not go up?Sovereign debt is the problem.Hedge funds won't buy lots of gold as imagine trillions of dollars going into gold!The market couldnt absorb it whereas the stock market can.Everyday people with savings can buy gold and silver if you have a pension in gilts or sovereign debt good luck.The only way stock markets crash is if we go full mad max its the money thats the problem not assets.Gold went up because they were printing money and everyone expected massive inflation which didnt happen because the money they printed went into the banks and they parked it as extra reserves at the central bank so the money never entered the real economy.Now theyve supposedly stopped doing as much qe the money is slowly seeping into gold and the stock markets.Thats tge way i see it anyway.
  9. Like
    SpacedMarine got a reaction from NumisNewbie in Gold Monitoring Thread £ GBP only   
    I've said this previously its kind of hard to explain but whenever gold gets to £1000 the dollar loses value vs the pound look at today £ up 3% vs dollar means gold down £20 yet up $15 us.Theres also a strong inverse correlation between yen/usd and gold in dollars.Yen seems to take away the "safe haven" bid from gold.Seems when gold getting to big for its boots dollars are diverted.Anyone who denies collusion between central banks on gold price at this moment isn't looking at the facts.
  10. Like
    SpacedMarine got a reaction from NumisNewbie in Gold Monitoring Thread £ GBP only   
    We've been here before.You could look at it as a buying opportunity however it could be a falling knife for a while.Depends who you listen to.The thing is we all know that paper money is doomed at some point in the future otherwise we wouldn't do what we do.On the other hand the majority of people aren't aware of this fact.Most people don't even know how "money" read euros,pounds,dollars etc. Is created so until a significant number of people wake up and no longer accept monopoly money we are in a paradigm of government backed central bank issued paper.The fact that they have used this "money" to buy politicians,media,etc. Means at least for now the majority know something is wrong with the way the economy is but can't put their fingers on it.You can't blame them as when was the last time the gold standard or money creation was taught in schools,colleges or universities?The mainstream news won't discuss it as,as we have seen with Brexit,Trump etc they have their bias and will continue to peddle the fact that debt doesn't matter and if the government stopped defecit spending noone would vote for them!So I'd rather have some than not because at some point in the future it will be "worth a lot more than it is now" when that point is who knows?I can't see it being more than a decade but thats just my opinion.If your looking at making a quick buck look somewhere else other than gold.If you want to preserve a bit of wealth for the inevitable destruction/reset of the money sytstem we have coming put a bit of gold/silver away somewhere safe and don't think about price in paper as sooner or later it will be measured by a different yardstick maybe,possibly,could be,who knows.
    If you just like collecting then fine do that just for the fun of it!
  11. Like
    SpacedMarine got a reaction from jc1989 in Gold Monitoring Thread £ GBP only   
    We've been here before.You could look at it as a buying opportunity however it could be a falling knife for a while.Depends who you listen to.The thing is we all know that paper money is doomed at some point in the future otherwise we wouldn't do what we do.On the other hand the majority of people aren't aware of this fact.Most people don't even know how "money" read euros,pounds,dollars etc. Is created so until a significant number of people wake up and no longer accept monopoly money we are in a paradigm of government backed central bank issued paper.The fact that they have used this "money" to buy politicians,media,etc. Means at least for now the majority know something is wrong with the way the economy is but can't put their fingers on it.You can't blame them as when was the last time the gold standard or money creation was taught in schools,colleges or universities?The mainstream news won't discuss it as,as we have seen with Brexit,Trump etc they have their bias and will continue to peddle the fact that debt doesn't matter and if the government stopped defecit spending noone would vote for them!So I'd rather have some than not because at some point in the future it will be "worth a lot more than it is now" when that point is who knows?I can't see it being more than a decade but thats just my opinion.If your looking at making a quick buck look somewhere else other than gold.If you want to preserve a bit of wealth for the inevitable destruction/reset of the money sytstem we have coming put a bit of gold/silver away somewhere safe and don't think about price in paper as sooner or later it will be measured by a different yardstick maybe,possibly,could be,who knows.
    If you just like collecting then fine do that just for the fun of it!
  12. Like
    SpacedMarine got a reaction from Paul in Gold Monitoring Thread £ GBP only   
    We've been here before.You could look at it as a buying opportunity however it could be a falling knife for a while.Depends who you listen to.The thing is we all know that paper money is doomed at some point in the future otherwise we wouldn't do what we do.On the other hand the majority of people aren't aware of this fact.Most people don't even know how "money" read euros,pounds,dollars etc. Is created so until a significant number of people wake up and no longer accept monopoly money we are in a paradigm of government backed central bank issued paper.The fact that they have used this "money" to buy politicians,media,etc. Means at least for now the majority know something is wrong with the way the economy is but can't put their fingers on it.You can't blame them as when was the last time the gold standard or money creation was taught in schools,colleges or universities?The mainstream news won't discuss it as,as we have seen with Brexit,Trump etc they have their bias and will continue to peddle the fact that debt doesn't matter and if the government stopped defecit spending noone would vote for them!So I'd rather have some than not because at some point in the future it will be "worth a lot more than it is now" when that point is who knows?I can't see it being more than a decade but thats just my opinion.If your looking at making a quick buck look somewhere else other than gold.If you want to preserve a bit of wealth for the inevitable destruction/reset of the money sytstem we have coming put a bit of gold/silver away somewhere safe and don't think about price in paper as sooner or later it will be measured by a different yardstick maybe,possibly,could be,who knows.
    If you just like collecting then fine do that just for the fun of it!
  13. Like
    SpacedMarine reacted to SilvergunSuperman in Gold Monitoring Thread £ GBP only   
    I wasn't really thinking of a 1929 scenario, I was more referring to how the markets took a nosedive the last time the Fed raised even 0.25%. As you rightly say the free money is the only thing propping the markets up and they look likely to run for the hills at the merest talk of a rate hike. 
    I agree about them not letting it fall too far though - we'll end up with a society resembling Mad Max but as long as the stock market is strong all is well 
     
  14. Like
    SpacedMarine got a reaction from Paul in Gold Monitoring Thread £ GBP only   
    The stock market cant crash Its not like 1929 there are circuit breakers.If it falls more than a certain amount the market closes.The plunge protection team comes in props up the market plus all the people who are short take profits and buy the stock that crashed pushing prices back up.They will keep printing money to prop it up there will be hyperinflation of the currency supply but no actual hyperinflation as the only thing being inflated will be the stock market and the banks will own all of it.Do you think they would sell and take a loss at that point?Not on your life!Its the only game in town!Bonds would be worthless in that situation as the bonds are denominated in the currency thats being inflated causing a sell off and interest rates will skyrocket meaning governments everywhere would go bust!Of course the banks could just buy those too but if they don't taxes will rise dramatically and the government will try too squeeze every last drop out of people which will be the real problem.A despotic world government!If it sounds scary thats because it is!its a bit more complicated than that but thats what I reckon.Think of the whole economy as a casino and the banks are the casino bosses.Buying gold is like taking your chips off the table.Gold will go up because people will lose confidence in the money in a situation like that and try to hide it "off grid" so to speak a kind of run out of cash into anything but!What would set that kind of situation off at this moment in time with all the B.S. thats going on in the world?Take your pick!
    P.s. I do have too much time on my hands ???
  15. Like
    SpacedMarine got a reaction from KDave in Gold Monitoring Thread £ GBP only   
    The stock market cant crash Its not like 1929 there are circuit breakers.If it falls more than a certain amount the market closes.The plunge protection team comes in props up the market plus all the people who are short take profits and buy the stock that crashed pushing prices back up.They will keep printing money to prop it up there will be hyperinflation of the currency supply but no actual hyperinflation as the only thing being inflated will be the stock market and the banks will own all of it.Do you think they would sell and take a loss at that point?Not on your life!Its the only game in town!Bonds would be worthless in that situation as the bonds are denominated in the currency thats being inflated causing a sell off and interest rates will skyrocket meaning governments everywhere would go bust!Of course the banks could just buy those too but if they don't taxes will rise dramatically and the government will try too squeeze every last drop out of people which will be the real problem.A despotic world government!If it sounds scary thats because it is!its a bit more complicated than that but thats what I reckon.Think of the whole economy as a casino and the banks are the casino bosses.Buying gold is like taking your chips off the table.Gold will go up because people will lose confidence in the money in a situation like that and try to hide it "off grid" so to speak a kind of run out of cash into anything but!What would set that kind of situation off at this moment in time with all the B.S. thats going on in the world?Take your pick!
    P.s. I do have too much time on my hands ???
  16. Like
    SpacedMarine reacted to KDave in Gold Monitoring Thread £ GBP only   
    Given the state of the UK national debt I would argue that the £ is perhaps a fairer price than it was before Brexit, I believe it was overvalued. That is also before we consider the future effect that the May government will have regarding its intention to vastly increase the national debt further. I would very much love to see the £ appreciate again, but don't think its likely in this environment. Hope I am wrong, would suit us nicely. 
  17. Like
    SpacedMarine got a reaction from KDave in Gold Monitoring Thread £ GBP only   
    Where do you think the pound "should be?" In my opinion this rally wont last long and the pound will plunge again.There seems to be a lot of manipulation between squeezing gold down in dollars then squeezing it again by pumping the pound up.It doesn't look like we're getting a brexit anytime soon which just makes Britain look rudderless and run by europhiles roll on the next election and we can get rid of Gordon Brown the second(Theresa may) only thing is theres no alternative other than more socialism and immigration and less industrial production/innovation which means £ in the toilet!Just my opinion you understand.At the moment the central banks are in control.Remember the price of gold was fixed at $35 between 1944 and 1971.Apparently FDR used to wake up in the morning and pick a price out of thin air before he nicked everyone in Americas stash!Always makes me laugh how the U.S. is supposedly the land of the free yet they weren't allowed to own significant amounts of gold for a generation!
  18. Like
    SpacedMarine reacted to HighlandTiger in Gold Monitoring Thread £ GBP only   
    I love reading the comments on zerohedge. If I had the tin foil concession for the people who posted on that website, I'd be a billionaire.   
     
    I love how the posters talk about "paper gold" as something that does not really exist, at the same time as bigging up bitcoin, without seeing the delicious irony that that throws up. 
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