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Abyss last won the day on November 7 2019

Abyss had the most liked content!


About Abyss

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  • Gender
  • Location
    Manchester, UK
  • Stacker/Collector

My Precious Metals

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

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2,794 profile views
  1. Everyone going to be affected in some shape or form. My Elderly neighbours has it right now one of them already has a pre-existing lung condition all you can do is help out with the shopping and groceries. One of my friends at work his 14 year son recovered but lost his brother-in-law. Four weeks ago my sister caught from a colleague who visited his parents in northern Italy and she gave it to her young kids and husband. They have all recovered but had the worst flu ever. The scary thing is that this is just the beginning many months ahead of us. Stay home stay safe if you do go out wear a face mask and disposable gloves. Everyone going to catch the virus eventually but it is better catch it as late as possible to allow the NHS to add all the capacity in case you need it and for developments in treatments at all different stages and vaccination. What upsets me the most western governments took China for its word and never reacted quickly enough to quarantine China and prevent spread from there. All the trillion spent on surveillance and military complex and leaders choose to ignore the problem.... Sad fact is it did not have to be this way.
  2. Only down via my company pension which I contribute 4% and my employer matches 4% invested into FTSE 100. Majority liquid funds either held in PMs/cash and other investment transferred 100% into Bonds from Equities in the middle January so I avoided the bloodbath. In hindsight should have sold all the rental properties in January could bought them back next six to twenty four months for 25-40% discount. Everybody in the UK has lost purchasing power against USD because deprecation GBP vs USD. So many NRI (non residential Indians) and locals that have lost over 30% of their entire portfolio due to exposure to equity funds in India. I have never like the idea of the typical diversification strategy many mutual fund managers deploy by allocating funds to standard portfolio of 40% bonds and 60% equities. I have always been an advocate of individual responsibility doing your own home work by studying the charts of the major indexes (always paying attention to the NASDAQ the mother of all bubbles) and actively switching 100% funds between equities and bonds and vice-versa and only having exposure to equities when you have the highest technical probability of continually increasing equity prices. If you followed the herd then you will get slaughtered.
  3. Any Share/Stock thinking of buying some simple technical analysis need to perform so for example using EasyJet share price using Trading View (free to use) look back at 2009 and 2017 after major sell off break in the trend line and sustained period of time (monthly chart below) selling pressure (highlighted) but prices failed move any lower provides best opportunity buy the share. Look at the speed and velocity current sell off in comparison to 2009 / 2017. EasyJet share price could continue to fall back to 120 set in 2004 and lower. When you are trying to catch a falling knife the key is patience and there will be a time frame (have months) to pull the trigger for the buy and hold strategy.
  4. DOW to Gold Ratio Monthly Chart. Do think we can get back to ratio of 6? Charts available from https://www.tradingview.com YM1/GOLD
  5. https://www.youtube.com/watch?v=rG7KHglCI9Q&feature=em-uploademail Economic Shockwaves: How the Coronavirus is Impacting our Future Mar 31, 2020 Very worthwhile video above but the last three minutes of the YouTube Video very profound words of wisdom. "Winston Churchill you can always count on the Americans doing the right thing after they have exhausted all other possibilities"
  6. Three strikes and you're out. 1st strike 2007/2008 financial crisis and physical metal not available. 2nd Strike 2020 Covid-19 same situation physical metal no longer available to purchase unless willing to pay heavy premiums. I do believe in a couple of months the world economy will restart we will have stagflation and paper price of the metals and physical will align and we will have one more opportunity to convert fiat into Gold to preserve purchasing power for decades to come. The next crisis after Covid-19 is the third and final strike and it is game over time for global reset for all fiat currencies.
  7. Thank you @TheCoinConnection for 1oz Silver Proof The White Horse of Hanover arrived today and ensuring you are only accept high quality coins from the Royal Mint well worth the wait. Taken its place in the beautifully crafted Alan's Queens Beasts Box only two more to go.....
  8. Abyss

    The coming Gold crash

    We’re Going to Need a Bigger Bailout | The Big Conversation | Refinitiv Mar 30, 2020 @Wonger Gold both inflation and deflationary environment discussed 13 minutes and 30 seconds. The video discussing multiple asset classes and references how Gold should perform in the medium to long term Gold is a good thesis when looking at Real Yields vs Gold Spot price.
  9. Abyss

    The coming Gold crash

    I am convinced that over the long term Gold either will continue to hold my purchasing power or increase it and when economy restarts I will continue to re-evaluate my entire position in all asset classes and re-allocate accordingly and most likely will continue to add more physical Gold oz into the stack. Before the Corona Virus I had technical targets Gold hitting $2,300 dollars but all bets now off the table as we are living in unprecedented times. I don't know the future price of Gold and I have never posted anywhere with an any level of certainly about price or the date when that price target will be achieved. What I do know with absolute certainly is that those individuals who are open minded, willing to think analytically and have the ability to switch between different asset classes while protecting their assets have the highest probability of either maintaining or growing purchasing power both at the end of this crisis and into the future. @Wonger this is the reason why I have never just dismissed you outright and have admitted technically it is possible for futures Silver price to spike down significantly but would be impossible price trade in the single digits for long. Making a statement metals will implode with Gold down to $400 and Silver down to $4 then you need to ability to articulate and explain to your audience the thought process and the chain reactions around the world the knock on impacts to both equity/bond markets and how Gold gets to $400 and Silver to $4 and with heighten uncertainty and surging demand and central banks starting QE forever. Without this unfortunately you come over as a mad scientist....
  10. Abyss

    The coming Gold crash

    Brokers out there that will give you 500:1 in leverage. You can open 100 lot short position on Gold right now for £26,150 in Margin. $1640 to $400 = $1,240 dollar move equivalent of 124,000 pip move in Gold x £80.57 = £9,900,680 profit. What are you waiting for @Wonger open that trade and position and live your dreams as multi-millionaire shorting Gold. But before you disappear into the sunset with your millions please do come back to the forum and post a picture. For the time being when Gold hits $400 I will think of @Wonger as the dude in the picture below......
  11. Abyss

    The coming Gold crash

    No longer live in a black and white world we have 50 shades of grey in between. Demand Euro Dollar pay back mountain debt dominated dollars should continue to push the Dollar Index higher, at the same time deflation in high ticket items due to uncertainty about the future (cars, houses) and inflation on daily living expense items all at the same time while west push for deglobalisation of the supply chains. Falling stock markets and knock on impact housing market see 100+ trillion dollars wiped off assets prices any amount of QE undertaken by central banks in the short term negated by this. The real question is can the Central Banks stop individuals that still have wealth and liquidity in the system going down exter's pyramid eventually into Gold/Silver? I remember buying N95 face masks four weeks ago and women in store saying that I was hysterical and delusional anything was going to happen. @Wonger your statements about the price of Gold and Silver remind me of the women behind the counter selling me the N95 face masks four weeks ago.
  12. Abyss

    "There's no gold"!

    Keiser Report | Gold: Problems with Exchange for Physical | E1520, Mar 28, 2020
  13. All my Gold is in a safety deposit box and the only Gold I have to hand (apart from my wedding ring) is this beautiful Gold dripped Rose gave to my wife on our anniversary. Rose is a symbolic representation of the Gold have in my stack. https://www.amazon.co.uk/Living-Gold-Rose-Real-Dipped/dp/B00BF135KU
  14. In the process of evaluating my Silver stack and took some photos to share @daca some of the antique pieces photos (10 oz Monarch Precious Metals Dragon vs Viking Ultra High Relief Silver Round)
  15. https://en.wikipedia.org/wiki/Thirty_pieces_of_silver Thirty pieces of silver was the price for which Judas Iscariot betrayed Jesus, according to an account in the Gospel of Matthew 26:15 in the New Testament.[1] Before the Last Supper, Judas is said to have gone to the chief priests and agreed to hand over Jesus in exchange for 30 silver coins, and to have attempted to return the money afterwards, filled with remorse. https://en.wikipedia.org/wiki/Silver_standard The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver. The silver specie standard was widespread from the fall of the Byzantine Empire until the 19th century. Following the discovery in the 16th century of large deposits of silver at the Cerro Rico in Potosí, Bolivia, an international silver standard came into existence in conjunction with the Spanish pieces of eight. These silver dollar coins played the role of an international trading currency for nearly four hundred years. At a bare minimum I would always have couple hundred oz of Silver held in my possession knowing how valuable Silver was in the past and one day could also be in the future.
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