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8phwt
Reputation Activity
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8phwt reacted to Foster88 in The coming Gold crash
You can have your opions on gold but through 2020/2021, it’s going up. Not down. I remember clearly the 2008/2009 recession, I think this one will be worse.
Don't get me wrong, I’d rather we were not in these unprecedented times and I fear we won’t be the same nation after this. I’d rather we have a stable economy any day and see little gain in my small gold reserve but recession is coming and an increase in gold is going up.
Regardless, I’ve done what matters most and signed up to be an NHS Volunteer. At a time like this I couldn’t care less about the price of gold.
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8phwt reacted to mr-dead in The coming Gold crash
the reality is no one has a crystal ball.
put your money where your mouth is and don't worry about what everyone else is doing.
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8phwt reacted to sovereignsteve in Gold Monitoring Thread $ (USD) only
Sit back and enjoy the sun, ignore the noise. Unless you're trading paper, you'll be unable to take advantage of any opportunity anyway.
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8phwt got a reaction from 5huggy in The Greatest Gold Quotes Of All Time?
El Dorado
Edgar Allan Poe - 1809-1849 Gaily bedight,
A gallant knight,
In sunshine and in shadow,
Had journeyed long,
Singing a song,
In search of Eldorado.
But he grew old,
This knight so bold,
And o'er his heart a shadow
Fell as he found
No spot of ground
That looked like Eldorado.
And, as his strength
Failed him at length,
He met a pilgrim shadow;
"Shadow," said he,
"Where can it be,
This land of Eldorado?"
"Over the mountains
Of the moon,
Down the valley of the shadow,
Ride, boldly ride,"
The shade replied,--
"If you seek for Eldorado!"
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8phwt got a reaction from Derv in Rhodium is on Fire - what’s up
no laws requiring a compulsory gold purchase every time a new car is born.
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8phwt got a reaction from FoolzGold in Rhodium is on Fire - what’s up
There was the "great recession". People stop buying cars, car manufacturers stop buying Rhodium.
Obviously, car manufacturers were happier in a time of less stringent regulations and cheaper expenses.
Peak Rhodium prices would undoubtedly have been a primary concern for our shadowy "Dieselgate Conspirators"
Diselgate in brief : "Somebody" wrote a computer program to lie / fool engine emission tests.
Who needed Rhodium when you've got a computer that saying "everything is fine"?
The story leaks, we learn everything wasn't fine - and car manufacturers have been unable to dodge using Rhodium ever since.
Cue bull market.
Chemistry hasn't. Platinum cannot do the job Rhodium does in a catalytic convertor.
You can't swap Platinum for Rhodium.
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8phwt reacted to oliversw5 in Today I bought.....
I actually want to add to that. Most people don't understand the psychology of buying and selling. There will be situations where you are a price taker and situations where you are a price giver. You want to be the latter when you come to sell. There are many methods you can use, I won't go into it too much because one day Ill put it into a book and sell my knowledge (thats what everyone else seems to do). I will give a scenario though, if you own high end coins if you go to an auction you are a price taker and its luck of the draw. If you have the network and you know your friends and other collectors you can become a price giver. People do business with their friends and as long as the price is fair you can dictate more, by doing this you make money by your knowledge and your skill set. Ill offer another example, if you have just pure bullion you are a price taker, there will be a market equilibrium (thats changes everyday) and you want to make sure you are under the curve when buying so that there is room to sell and make money. The higher your skill level the more potential money you can make.