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Martlet

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  1. Like
    Martlet reacted to MancunianStacker in The coming Gold crash   
    Also...
    One pound (a Gold sov) in Silver (Ozs in a Pound) would be 16oz of silver.
    £22 per oz of physical silver x 16 = £352 
    £352 will just about buy a sovereign now.
    So all the people who say silver is massively undervalued may be wrong??? It’s bang on what it always was. In £s Sterling that is 😉 
  2. Haha
    Martlet reacted to Darr3nG in The coming Gold crash   
    Really? According to the charts on this very forum, it's slightly up... What am I missing?

  3. Like
    Martlet got a reaction from generalist in Capital gains tax questions   
    Assume you have to pool gold or silver, those are the rules for other assets and HMRC likes consistent rules.  I think there may be an argument that as a specific coin can be identified (unlike a share), you can say when that was purchased separately so calculate profits (or losses) accordingly.  I dont know if this is a valid defence. 
    It should be noted pooling benefits us in a rising market.  Later purchases reduce the profit of earlier purchases when you sell them, so you are taxed on the higher pooled average value rather than the original purchase value.  Inversely, pooling does have the affect of reducing the benefits of averaging down from a falling market. 
    This is only a problem when you have at least 12k profit (current allowance), so its an unlikely problem for most. Keep a record and sort it out then. 
    Gold and silver are not chattels, classified as either money or investment. Chattels is specifically to cover everything else. 
  4. Like
    Martlet reacted to HawkHybrid in The coming Gold crash   
    I've modified the velocity to twice that of the original. now when everyone settles
    their personal iou's(using the same £20) you can see that the price of goods and
    services have doubled(inflation) without the need for more currency to be printed.
    the same £20 has now created £320 of gdp(ie it has circulated twice per person).
     
    HH
  5. Like
    Martlet reacted to sovereignsteve in The coming Gold crash   
    Your response is obtuse, either lacking in understanding or intelligence.
    I find it is very often useful in understanding concepts to look at extremes and the opposite viewpoint. If you are able to understand and accept my example, which is quite easy really, it will help you to understand the other extreme which you seem incapable of at the moment.
    Oh, and I didn't say "Currency Velocity can increase Currency supply" as you incorrectly state, please read more carefully. I said it can effectively do so.
    I have shown you an example of how low velocity can effectively reduce the money supply. It really shouldn't be that difficult to understand how the opposite must be true.
    Therefore my previous statement is quite obvious. You must take the money velocity into consideration before you make sweeping statements about money supply.
  6. Like
    Martlet got a reaction from Arganto in The coming Gold crash   
    Rather than torturous circular arguments, using your own belief as support for your own belief, you could simply point to some reference material to back your position.  Until then i'll tap out. 
  7. Like
    Martlet got a reaction from Goldhooked in The coming Gold crash   
    Rather than torturous circular arguments, using your own belief as support for your own belief, you could simply point to some reference material to back your position.  Until then i'll tap out. 
  8. Like
    Martlet got a reaction from MancunianStacker in The coming Gold crash   
    I see other get this wrong, i'd expect an expert to understand the terminology better. Deflation (and inflation) is relating only to prices, not to currency supply. 
  9. Like
    Martlet got a reaction from Goldhooked in The coming Gold crash   
    Because you say so?  Not much is it, i was hoping for some solid technical analysis of the price and why that leads to a particular target.  I could say price can go to $1200, because thats the 78% fibonacci retracement level from last low end of 2015, and saw support in late 2018.  You say its going $385 ner ner.  The thread would so much more valued if you shared some of the years of trading experience.
  10. Like
    Martlet got a reaction from Shep in The coming Gold crash   
    Because you say so?  Not much is it, i was hoping for some solid technical analysis of the price and why that leads to a particular target.  I could say price can go to $1200, because thats the 78% fibonacci retracement level from last low end of 2015, and saw support in late 2018.  You say its going $385 ner ner.  The thread would so much more valued if you shared some of the years of trading experience.
  11. Like
    Martlet got a reaction from McDougall in GOLD DEALS - (UK & Europe) See a deal, post it here   
    I'm amused by the prospect of seeing dozens for sale on HGM and others in months ahead as they are sold off. 
  12. Like
    Martlet got a reaction from Booky586 in GOLD DEALS - (UK & Europe) See a deal, post it here   
    I'm amused by the prospect of seeing dozens for sale on HGM and others in months ahead as they are sold off. 
  13. Like
    Martlet got a reaction from Prophecy in Gold Monitoring Thread £ GBP only   
    Seems an interesting difference of behaviour between east and west.  We start from believe gold will help preserve wealth over long term or through troubled times.  Here we are mid-crisis, in the west we want to buy more for the future expecting prices to rise.  The east sell for the here and now, not giving a jot for the price trend, as gold has served its purpose. 
  14. Like
    Martlet got a reaction from GoldenPhil in Gold Monitoring Thread £ GBP only   
    Seems an interesting difference of behaviour between east and west.  We start from believe gold will help preserve wealth over long term or through troubled times.  Here we are mid-crisis, in the west we want to buy more for the future expecting prices to rise.  The east sell for the here and now, not giving a jot for the price trend, as gold has served its purpose. 
  15. Like
    Martlet got a reaction from silvernewbie in Gold Monitoring Thread £ GBP only   
    Should be? Based on what analysis? Certainly nothing from the linked article.  To be able to say we should be at some price, we could point to some structured maths model that shows this movement leads to this price target with such and such probability.  But we dont.  
    S&P dropped near 50% from the high, while gold dropped 15%, so its position as safe haven is looking pretty good isn't it?
  16. Haha
    Martlet got a reaction from AuricGoldfinger in Gold Monitoring Thread £ GBP only   
    Gold has risen 15% this year, so presumably the manipulation is to the upside?
  17. Like
    Martlet got a reaction from Prophecy in The coming Gold crash   
    So how else do you explain the recent falls other than in direct reaction to business suspension and lockdowns, killing earnings and economic activity.  What do the markets follow if not the economy, in your view?
  18. Haha
    Martlet got a reaction from Tn21 in Gold Monitoring Thread $ (USD) only   
    Fair point, very well made visually. 
  19. Thanks
    Martlet reacted to Kookaburracollector in Gold Monitoring Thread $ (USD) only   
    I personally do not invest in single name stocks..too risky in what is already a risky market...that said. Bumble has named a few stocks I am invested in via an ETF - Investec Global Gold..a fund I have found to be excellent.
    I track the performance of the top 10 constituents in this fund, and this is how they have performed so far today..
    The bottom two are based in Australia, so prices will not update until later tonight, but basically it’s up about 6% today...that’s a lot when you get 1% at a bank these days ..in a year not a day.
    Each to there own...but I find this investment vehicle very good.
    Good luck to all who trade...
  20. Thanks
    Martlet reacted to Bumble in Gold Monitoring Thread $ (USD) only   
    Not all the big names have gone. Kirkland Lake hasn't recovered from the drop last November when they took over Detour Gold. The market seems to think they paid too much, but its probably worth giving them the benefit of the doubt. KL is a well-managed company with some of the lowest costs in the industry, and if they can turn the Detour assets around they will do well.
    Agnico Eagle also hasn't fully recovered from some poor results in Q1, but they have a strong reputation and some good assets.
    In the mid-caps it's worth looking at B2Gold and Eldorado, though both have started to take off and are no longer cheap.
  21. Like
    Martlet got a reaction from Arganto in The coming Gold crash   
    So how else do you explain the recent falls other than in direct reaction to business suspension and lockdowns, killing earnings and economic activity.  What do the markets follow if not the economy, in your view?
  22. Super Like
    Martlet got a reaction from 5huggy in The coming Gold crash   
    This graph just shows how comical the $400 prediction is, even if one expects a retracement in gold. 
  23. Haha
    Martlet reacted to Oldun in The coming Gold crash   
    They are going for the former it seems. If debts cannot be paid, that would make a strong case for hard assets free from debt and taxation.....bottom line, it creates a blackmarket...always does where real world prices forget what the paper pushers do....and we both know that day is coming or we wouldn’t be discussing things here with a growing member base (as a simple example).
     
    I hope you do see $400. It will mean we are safe economically, have full employment and unicorns are roaming the green meadows shitting rainbows 👍
  24. Like
    Martlet got a reaction from Tn21 in Gold Monitoring Thread £ GBP only   
    We arent returning to gold backed money.  I know you may not accept this, but use the recent crisis as a reference.  With gold backed money, how could governments react to world wide economic constriction, with simultaneous supply and demand shock?  Politicians will not put themselves into the economic restriction of gold standard again. 
  25. Like
    Martlet got a reaction from cinereus in Gold Monitoring Thread £ GBP only   
    We arent returning to gold backed money.  I know you may not accept this, but use the recent crisis as a reference.  With gold backed money, how could governments react to world wide economic constriction, with simultaneous supply and demand shock?  Politicians will not put themselves into the economic restriction of gold standard again. 
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