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Abyss

Premium Member
  • Content Count

    60
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  • Country

    United Kingdom

About Abyss

  • Birthday 19/04/1978

Profile Information

  • Gender
    Male
  • Location:
    Manchester, UK
  • Stacker/Collector:
    Stacker & Collector

What I am collecting / Investing in.

  • What I am collecting / Investing in.
    Silver and Gold

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  1. Abyss

    My plan to stack PMs

    Silver to me insurance policy and a hobby. I have about 500oz silver only started stacking two months ago but I have bought STAR WARS Darth Vader / Stormtrooper the Marvel series / Landmarks of Britain / Silver Rwanda / Queen's Beasts 10oz and 2ozs. Some of series collecting has higher premiums to backdate the coins. Next six months I will have finished stacking but continue purchasing silver in the collections that I am interested in. I have no intentions of selling silver as I view it as an insurance policy against SHTF. Trade wars could lead to escalation in the south china sea or one of these zombie to big to fail banks fails or another unforeseen black swan events. I use the Gold to Silver ratio as another indicator to gauge price of gold and has little influence on my purchasing silver decisions. Gold is the ultimate wealth preservation tool (ever a reset than gold used for the purposes of a reset) . I am studying the price of Gold Miners ETF in relation to movement of gold price in the past and see if their is any trading opportunities that could lead larger purchase of physical gold. I do believe status quo continues then stock markets (US) continue to climb unimaginable heights. Emerging market crisis starts to have any contagion to the western economies central banks stop unwinding their balance sheet and start fresh round of QE.
  2. Abyss

    My plan to stack PMs

    https://thesilverforum.com/topic/14844-mike-maloney-uk-style/?tab=comments#comment-183722 Link in the silver forum and Mike Melony latest work available on a link that I have posted. I do like Mike Melony work but I would classify him in the pumper category. The work he has carried out on generational wealth hard to argue with though. ITM Lynette Zang numerous videos mention cup formation https://www.youtube.com/channel/UCom1i7_NVeSUNyJyuR_NbMQ Cup Formation https://www.investopedia.com/terms/c/cupandhandle.asp I have been trying to figure out when to pull the trigger and develop my PM stacking strategy. I am fortunate that I have no debt (loans/credit cards/mortgage free residential home) and have rental properties mortgage free as well. My strategy not to sell any property (even though I believe housing market overvalued) as central banks can prop up the system for a very long time take Japan Widow Maker trade as an example (https://www.wallstreetdaily.com/2016/04/25/japans-widowmaker-trade/). My strategy stack 1,000 oz silver up to a maximum of 2,000 as insurance policy (SHTF) buy Gold (complete the Queens Beast series in 1 oz Gold 3 or 4 times over provided I can back date the coins at a reasonable premium) and put the rest into 1 oz gold Britannia (orientals) coins when right time to pull the trigger and have small stack of sovereigns. Studying the charts to find repeatable patterns in Gold to execute the strategy. The last cup formation I can see on the charts I am looking for a Cup formation to take place as previous resistance that should act as support coincides fibonacci retracement level 78.6 from previous run higher. The current downtrend in Gold prices can stop and we could be range bound another couple of years before another downtrend establishes itself. I know level I want to pull the trigger but I have no idea how long (if at all) price reach that area and it is just an educated guess. I know next 5-15 years middle class of Asia will continue to increase to level that will match and then outgrow the western world. Asians view gold as money and more importantly they want the physical. At this point in time no market manipulation will be able to hold back the price of PM. Even if no financial crisis and we continue as normal PM will increase in price significantly.
  3. Abyss

    My plan to stack PMs

    We cannot take a chart goes back to 1687 GRS to look for opportunities want to make in our lifetime. The most important question to me is the decisions of when to pull the trigger and convert lot of my fiat money into Gold. I believe that PMs have some significant downside potential over the next 6-24 months. I cannot make my decisions based on graphs go back hundreds of years. PM charts should only go back to 1971 when Nixon took the US off the gold standard (rest of the world at the same time) and the world adopted a fiat based currency system.
  4. Abyss

    My plan to stack PMs

    Gold to Silver ratio is in an uptrend
  5. I managed to purchase 1oz Queen's Beasts - Lion of England - Gold for £1,175.00 to backdate my series but still on the lookout for more. Without the 1st in the series does not make sense to collect the rest. Find it for that price I would gladly sing
  6. Abyss

    Silver is for collecting, Golds for stacking!

    Definitely have to worry about point 3. Just seen a video YouTube today about Silver being highly prone to tarnishing toning and spotting. Due to point 3 the dealer was only willing to buy back half the spot price of silver .
  7. Abyss

    Silver is for collecting, Golds for stacking!

    Shadow Stack pickup his foundation stack between £9-10 oz back 2016 very fortunate (in hindsight) bottom of the market and the GBP 1.55 USD at the time. Two months in and I am at 500oz silver and 3oz gold. I can easily take my oz gold and put them in a safety deposit box but my silver stack I need to store at home and I am still trying to figure the best/safest location. Chris Duane - How to double you Gold Stack https://www.youtube.com/watch?v=dPn8WdknJYI silver undervalued. I am going to continue to purchase purchase Silver and Gold but from practical perspective having more wealth in a smaller package which gold offers cannot argue with that.
  8. Abyss

    1 oz Gold - Testing Gold at home

    Magnet test = Passed / Test weight 31.10 grams = Passed / Dimensions of the coin = Passed / Density Test = Passed Not had the chance visit another Jeweler shop but for future purchases I will. I hope don't mind Gordon but as new stacker I just wanted to be 100% sure what I am purchasing is the genuine article. I came across this video on YouTube pretty sad what happened to the restaurant owner in the story.
  9. Abyss

    1 oz Gold - Testing Gold at home

    I have recently had opportunity start collecting the 1oz Queens Beasts series in gold. The first two purchases (Dragon & Griffin) from Silver Forum member verified genuine by BYB acting intermediary. I have now purchased 1oz Queens Beasts Lion from eBay. Before the purchase I exchanged number of messages wanted to confirm weight/seller willing to provide the original invoice and reason for the sale (unfortunately the seller recovering from chemotherapy and unable to finish off the collection). When I went to test the coin at a jewellery shop they wanted to scratch the coin . Magnet test Test weight 31.10 grams Density test https://www.goldpay.us/specific-gravity-gold/sg-07-density-table/ Number of videos on YouTube explain all the above (thank you @BackyardBullion made a number of them). The seller Gordon123_uk and he is still selling and his 2017 1oz Gold Queens Beasts The Griffin Coin £1159 on eBay UK and several 2016 Gold Proof Full Sovereign Coin Box And COA. Anything else I need to carry out to validate what I have purchased is 999.9 fine gold / 24 carat gold? Fairly confident but just want to cover all my basis. Thank you.
  10. Abyss

    Gold Brits vs Gold Sovs

    Paper market determines the price of the physical market so they are interconnected. There are numismatic coins can retain their price even if the paper price drops. Mini contracts both in gold/silver for 1/10 size normal size contracts. Futures contract can be rolled over to the next expiry date and they don't need to be closed provided maintaining margin requirements. I wanted the company I work for to hedge against the price of fuel and the GBP last year as major costs transportation and raw materials but unfortunately corporate does not allow hedging. Everyone working for this company this year received below inflation salary increases and I can see this trend continue next few years as well (something could have been avoided company locked in lower fuel prices and stronger GBP at the time). My late father passed away last year left my inheritance in India INR (Indian rupee). Represents 40 years hard labour, sweat blood and tears and money locked in fixed deposits maturity dates that are years later. When the emerging markets crisis started to happen I hedge the total value inheritance and even though this year Indian Rupee lost 14% against USD but because of the hedge the wealth passed down the generation still maintained. My goal preservation of wealth and purchasing power. May that wealth be in the form of GBP/INR/USD/property/shares/Gold or Silver.
  11. Abyss

    Gold Brits vs Gold Sovs

    Yes physical metals long term and wealth preservation and I am happy to pass onto my children. But what does Silver/Bitcoin and Crude oil all have in common? Parabolic moves in the past. You can view these charts for free via https://uk.tradingview.com/ What is a Parabolic Move? http://www.prometheusmi.com/2010/10/14/what-is-a-parabolic-move/ PMs have another parabolic move and the poop not hit the fan chances of liquidating physical position at spot going to be a hard process. Only way lock in value of your physical possession (in my humble opinion) via the futures market. Just part of my exit strategy.
  12. Abyss

    Gold Brits vs Gold Sovs

    @Kritika you are 100% right. Gamble on the futures market (CFD/Spread betting) spot price (Gold/Silver/Oil/Currencies/Stock Indexes) you could easily lose you shirt. Margin 10 Gold futures contract ($38,750) and price moved against you by 38 dollars in gold (more than feasible when volatility in Gold picks up) that would wipe out your entire account in a single day. I am trying to make two points. The futures market great tool to hedge you physical position in a commodity. For example had 10,000 ounces of silver bought in September 2019 for spot price $14 + premium bullion coins. In 2019 prices reach $18 dollars and you do not believe that prices would go higher. Want to lock in half the money that you have made in physical metal without having to liquidate half your position a single future contract would allow you to lock in the profits. 2nd point is the cost of entry and exit (spread/premium) in the paper market of gold and silver 0.01% in relationship to the spot price.
  13. Nice video thanks for sharing. I love Silver Shield coins but in the UK crazy premiums on them and not much variety..... In the US lot more choice and variety then us in the UK.
  14. Abyss

    Gold Brits vs Gold Sovs

    Premiums pay over spot when buying and receive below spot when selling are the negative aspect of PMs. Crazy world when you don't have to physically own an once of silver of gold but can open leverage futures account (CDF/Spread betting) and have the ability to go long or short silver or gold with margin. Go long/short Gold Silver spread in gold $0.10 cents and silver 0.005 (half cent). Margin need per future contract. Gold 100 troy ounces and silver 5,000 troy ounces per futures contract. So for example believe gold go lower over the next two weeks get GC Dec 2018 futures contract overnight margin £38,750 dollars control 1,000 ounces gold (1.2 million dollars current spot rate). Paper it is so easy to move in and out of a position while paying little premium (spread buy/ask price) but physical different ball game.
  15. Hi Mark, 5x Saltwater Crocodile silver coins I ordered as part of the group order that were missing and the European mint will be posting these directly to me. That the only problem that I am aware of (plus delivery had to come by land due to it size added to some delays).