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Mark10110

Member
  • Posts

    306
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  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Thanks
    Mark10110 got a reaction from Hunter87 in Thoughts on when to stop?   
    I don't know about others but the sole reason I get gold and silver is because I want retirement money that the government don't know I have. My father got made redundant at work for "business reasons" but we knew it was because he had Chrones disease and it was taking a turn for the worse, when he was laid off he went to get benefits and was told "yea, not until you spend all that money you earned and saved up" which was disgusting when you have a guy who worked 30 years paying taxes. I decided thatif I lose my job or something alike I don't want them saying "tough luck, spend your savings now"
  2. Like
    Mark10110 got a reaction from StackinJack in Thoughts on when to stop?   
    I don't know about others but the sole reason I get gold and silver is because I want retirement money that the government don't know I have. My father got made redundant at work for "business reasons" but we knew it was because he had Chrones disease and it was taking a turn for the worse, when he was laid off he went to get benefits and was told "yea, not until you spend all that money you earned and saved up" which was disgusting when you have a guy who worked 30 years paying taxes. I decided thatif I lose my job or something alike I don't want them saying "tough luck, spend your savings now"
  3. Like
    Mark10110 got a reaction from TheRegalOne in Thoughts on when to stop?   
    I don't know about others but the sole reason I get gold and silver is because I want retirement money that the government don't know I have. My father got made redundant at work for "business reasons" but we knew it was because he had Chrones disease and it was taking a turn for the worse, when he was laid off he went to get benefits and was told "yea, not until you spend all that money you earned and saved up" which was disgusting when you have a guy who worked 30 years paying taxes. I decided thatif I lose my job or something alike I don't want them saying "tough luck, spend your savings now"
  4. Like
    Mark10110 got a reaction from KDave in Thoughts on when to stop?   
    I don't know about others but the sole reason I get gold and silver is because I want retirement money that the government don't know I have. My father got made redundant at work for "business reasons" but we knew it was because he had Chrones disease and it was taking a turn for the worse, when he was laid off he went to get benefits and was told "yea, not until you spend all that money you earned and saved up" which was disgusting when you have a guy who worked 30 years paying taxes. I decided thatif I lose my job or something alike I don't want them saying "tough luck, spend your savings now"
  5. Like
    Mark10110 got a reaction from Au79 in Thoughts on when to stop?   
    I don't know about others but the sole reason I get gold and silver is because I want retirement money that the government don't know I have. My father got made redundant at work for "business reasons" but we knew it was because he had Chrones disease and it was taking a turn for the worse, when he was laid off he went to get benefits and was told "yea, not until you spend all that money you earned and saved up" which was disgusting when you have a guy who worked 30 years paying taxes. I decided thatif I lose my job or something alike I don't want them saying "tough luck, spend your savings now"
  6. Like
    Mark10110 got a reaction from RichmondStacker in Thoughts on when to stop?   
    I don't know about others but the sole reason I get gold and silver is because I want retirement money that the government don't know I have. My father got made redundant at work for "business reasons" but we knew it was because he had Chrones disease and it was taking a turn for the worse, when he was laid off he went to get benefits and was told "yea, not until you spend all that money you earned and saved up" which was disgusting when you have a guy who worked 30 years paying taxes. I decided thatif I lose my job or something alike I don't want them saying "tough luck, spend your savings now"
  7. Like
    Mark10110 got a reaction from Abyss in Thoughts on when to stop?   
    I don't know about others but the sole reason I get gold and silver is because I want retirement money that the government don't know I have. My father got made redundant at work for "business reasons" but we knew it was because he had Chrones disease and it was taking a turn for the worse, when he was laid off he went to get benefits and was told "yea, not until you spend all that money you earned and saved up" which was disgusting when you have a guy who worked 30 years paying taxes. I decided thatif I lose my job or something alike I don't want them saying "tough luck, spend your savings now"
  8. Like
    Mark10110 got a reaction from Derv in Thoughts on when to stop?   
    Yea, Gary.
    Was supposed to be extradited but all the media stopped talking about him.  
  9. Like
    Mark10110 got a reaction from EdwardTeach in Thoughts on when to stop?   
    the minute they start putting people on space bodys to live is when I stop buying gold and start buying stocks in space tech
  10. Like
    Mark10110 got a reaction from EdwardTeach in Thoughts on when to stop?   
    I doubt it will be viable in my lifetime, I found this on google,
    "SpaceX Falcon 9 rocket can put 10,450 kg (23,050 lb) in low Earth orbit for $54 million"
    To mine asteroids or other entity's would take multiple trips to set up. 
  11. Like
    Mark10110 got a reaction from HighlandTiger in Thoughts on when to stop?   
    the minute they start putting people on space bodys to live is when I stop buying gold and start buying stocks in space tech
  12. Thanks
    Mark10110 reacted to DarkChameleon in Thoughts on when to stop?   
    I buy whichever is kn sale that day, might buy junk si.very or gold, might buy coins, not generics but bullion, right now silver has the higher potential for short term, gold sill level off at 1560 to 1575 and could stay there for months, silver is a get rich or get poor quickly scheme...as long as you only using money you didn't need then a rise or drop isn't that big a deal, the general rise or fall matters more.
    If you aren't stealing from your pension or your needs money then have at it...finding deals makes for more fun, especially if your wanting to slow down your purchases....or need a change.
  13. Thanks
    Mark10110 reacted to mdp2505 in Thoughts on when to stop?   
    Food for thought: https://youtu.be/C4OlAT3jd3k 
  14. Thanks
    Mark10110 reacted to Coolsmp in Thoughts on when to stop?   
    Haha no YouTube channel for me i'll leave that to @BackyardBullion
  15. Like
    Mark10110 got a reaction from AuricGoldfinger in Thoughts on when to stop?   
    I got lucky with bitcoin and got in at the bottom in January, but being into crypto has made me more alert about buying at highs
  16. Thanks
    Mark10110 reacted to Coolsmp in Thoughts on when to stop?   
    Ive recently stopped buying silver and moved to gold with an aim of 5oz per year. 
  17. Thanks
    Mark10110 reacted to KitboyE17 in Thoughts on when to stop?   
    Mark, I have a monthly PM allowance - it’s a fixed amount and only varies year on year with a 15% increase. What I do is buy PMs each month up to the allowance level. As the price increases my weight decreases - likewise, when the price decreases my weight increases. This way I get to indulge my spending habit each month. If there is something particular I want one month which means I would have to spend more than my allowance then I have disciplined myself to keep back some of the allowance one month to cover it. 
  18. Thanks
    Mark10110 reacted to universalcurrency in Thoughts on when to stop?   
    As a veteran bullion dealer once said to me gold (spot) price is like inflating a tyre, it goes up and down and then settles for a while.  So if you look at the charts observe the the periods when it settles into a range as an indicator to buy.
    This is not an infallible method but it might provide a rough indicator.  In the long run over 5+ years gold is probably the best inflation hedge or to put it another way a preservation of wealth.
  19. Thanks
    Mark10110 reacted to KDave in Thoughts on when to stop?   
    For all I know the price could keep going straight up forever, do what you think is right.
    Personally I think gold might have a bit more in the tank but then will pull back/correct, possibly up to 60% from the high if we based on the last time gold did this kind of price action back in 2011 and I think the risk reward favours waiting rather than trying to capture the last push. But who knows, I certainly didn't expect to see a gold chart like that in 2019. 
  20. Thanks
    Mark10110 reacted to firestacker in Thoughts on when to stop?   
    This is just my take but gold broke through £1100 resistance like it was nothing and if you believe in technical analysis the old saying goes: Broken resistance becomes support and broken support becomes resistance. That means the base support should now be £1100 so we will probably see a bounce off this price again as a confirmation in the short term before gold in the US market takes over and targets all time highs pushing the GBP price as high as £1547 before correcting.
  21. Like
    Mark10110 got a reaction from Derv in Thoughts on when to stop?   
    I have been having thoughts that I have struggled with on my next purchase which should be next week, At what price should I stop buying gold/silver? I am not asking you guys to tell me when I should stop but I am curious if you guys have a limit? 
    For example my limit I am wiling to keep buying silver is at the £20 mark and with the dreaded B word making silver cost north of £20 with tax I have put the brakes on that
    As for Gold... I  don't know. The charts show gold at an all time high and I am having inner battles on if it is viable to buy now.
    Some of you guys must be having the same inner conflict?

  22. Like
    Mark10110 reacted to KDave in Thoughts on when to stop?   
    Gold has dam near gone straight up since May without a visible correction, it is extremely overbought.
    Given that 2011 was blow off top of the last bull, tell me does this look healthy?;

  23. Thanks
    Mark10110 reacted to firestacker in Thoughts on when to stop?   
    All the drivers for gold are pointing to a higher price right now. China is devaluing their currency for cheaper exports, trump wants a weaker dollar to compete, no deal brexit likelyhood is increasing uncertainty in the market and the likes of negative interest rates becoming the norm with these number of bonds reaching an all time high of $15 trillion. Relative to the USD gold still has 26% to go to reach all time highs and it's worth noting gold in USD terms was stuck in a range for 6 years. Whether the US is a main driver of the gold market right now is another question.
  24. Thanks
    Mark10110 reacted to Jvw in Thoughts on when to stop?   
    I have the same conflict, but I also agree and take to Norskgeld's strategy. 
    I keep buying and will continue to do so until my spendingfunds dry out. I also keep an eye on spot, but I have a set plan and I try and stick to it. I'm in it for the long haul so I try not worry too much about selling/buyin at the present.
  25. Thanks
    Mark10110 reacted to firestacker in Thoughts on when to stop?   
    If central banks stopped exponentially printing I might consider easing back on gold but that's never going to happen.
    Right now I mainly look at it from an allocation percentage. Only 1% of my net worth is in gold right now (more in the likes of silver and bitcoin) but I'm trying to increase this over time because when you look at the general market most people are 100% in index funds and thats it. The fact that many won't even consider a 1% allocation shows us how far we've got to go.
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