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KDave

Silver Premium Member
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  1. Like
    KDave reacted to vand in What portion of savings should be in PM   
    My response was in the context of traditional modern finance and measures of risk. Yes, risk and volatility are not the same, but most people are wise to consider portfolio characteristics like drawdown and risk adjusted return, all of which are linked into volatility of underlying constituents. It is hard to argue that concentrating 100% of your wealth in anything brings in risk in one form or another that more diversification would mitigate.
  2. Thanks
    KDave got a reaction from Oldun in What portion of savings should be in PM   
    Gold produces 3% return a year real term over 50 years. Bonds will produce something similar? Not a lot more I would bet. Bonds have counter party risk (government default via various scenarios) and we are 5 decades into a bull market with interest rates at record lows. I see risk, others don't they think bonds are safe.
    Gold produces 3% a year for 50 years - volatility is irrelevant then, we get 3% return, where is the risk. Risk of being robbed, gold being made illegal - different risks. Volatility does not increase the risks. All imo.
    Yes it is overthinking agreed, we all see things differently that is what makes the market 👍
  3. Like
    KDave reacted to DanielBaksley in Retirement...   
    I've retired 3 years ago, was saving on retirement for 20 years. I planned to live on 20K per year. But now I changed my strategy. Now I make my money work on me. I live on 10K per year and also invest 10K every year(30K for last 3 years). My investments bring me 4-5K per year. Yes, this is less than 20K I planned. But I can get my 30K investments at any moment, so I feel free and confident. I really enjoy my retirement😉
  4. Like
    KDave got a reaction from adamantio999 in The Fall of the US Dollar - Is a return to a gold standard inevitable?   
    Good presentation this one, well worth a watch;
     
  5. Thanks
    KDave reacted to Martlet in goldsilver.be very dodgey   
    You just enter the IBAN number and Bank code (BIC) number.  Was this a while ago?  Transferwise blocked them for a while because their business name (Electrum) matches a cryptocurrency, which they dont want to support. 
  6. Like
    KDave reacted to Goldhooked in goldsilver.be very dodgey   
    I always find it funny people saying “Well I never had any problems with them” on threads where people have clearly had problems with them (and the number of problems seem to be disproportionately higher for this particular vendor than any others).  It’s a bit like saying to someone who has just been in a car crash “Well I was driving a car today and I never had an accident”!
  7. Like
    KDave reacted to StackerNoob in goldsilver.be very dodgey   
    My two pennies. People need to stop giving this company pass after pass after pass. You shouldn't have to stay civil just to get what is lawfully yours. I'm not saying go mental, but as a paying customer you would have every right to be insistent and ever so slightly forceful in your demands.
    It worries me how many people out there who are less confident may have succumbed to their attitude of omnipotence. 
    I dont know what has happened to them as I also had a few decent orders from them. I had one issue that was small enough that I never bothered to highlight it. 
    I'm not going to go around bad mouthing them, but they should understand that the PM world can be a small one, and what goes around comes around.
  8. Like
    KDave got a reaction from caloundracats in Resting bitch   
    A bit mason/occult? Pyramid. Eye of providence. Bundle of arrows. Tudor rose. Who is Chris Duane?
    This coin is also treasonous and an insult to her majesties grace. Or face if you like. An insult to her majesties resting face. 
  9. Thanks
    KDave reacted to TonyS in Resting bitch   
    The artist should be hung, drawn and quartered.
  10. Like
    KDave reacted to Martlet in Safety Deposit Box   
    This is not correct, the bail-ins are focused on creditors, senior debt holder, not current accounts where the £85k guarantee still holds.  Deposits in a safe, you are not a creditor so shouldnt be covered under current bail-in regulation (future may change to law and regulation ). 
  11. Like
    KDave reacted to Phil100 in Safety Deposit Box   
    A word of caution - as Abyss stated - I would also NOT use a safety deposit within any bank (I believe many are withdrawing this facility). Yes they are of course fairly secure but, issues worth noting:-
    1) Your goods are only available during normal banking hours
    2) Should there be any 'financial meltdown'/run on the bank - and they close their doors - you may not be able to get access to your box - at all??
    3) In the event Bank has severe financial difficulties - Govmnt will no longer 'bail-out' a Bank using tax-payers money so Banks have devised 'bail-ins' which can seize all depositors assets/funds (current accounts/savings accounts - safety deposit boxes!!) to try and address their financial issues!!
    I'm sure there are some members on here who may be more 'legal' savvy and can advise - but these are my understandings and concerns!!
  12. Like
    KDave reacted to SilverSurfer86 in Yale of Beaufort   
    Always going to be difficult as the Yale is such an ugly beast. Looks like JC has done a good job with this though.
  13. Like
    KDave got a reaction from CosmikDebris in Yale of Beaufort   
    Its an ugly beast but I like it. I see 1 oz of gold, something a bit different from yet another 1 oz Britannia and as others have said - I need it to finish the set  
     
  14. Like
    KDave got a reaction from CosmikDebris in Yale of Beaufort   
    Its an ugly beast but I like it. I see 1 oz of gold, something a bit different from yet another 1 oz Britannia and as others have said - I need it to finish the set  
     
  15. Like
    KDave got a reaction from CosmikDebris in Yale of Beaufort   
    Its an ugly beast but I like it. I see 1 oz of gold, something a bit different from yet another 1 oz Britannia and as others have said - I need it to finish the set  
     
  16. Like
    KDave reacted to vand in Tony Deden - You must watch this video   
    If there is one video on youtube you watch this year, make it this one.
    Real wisdom and insight from a wealth manager (as opposed to a fund manager).
     
  17. Thanks
    KDave reacted to bored in BASHING on the forum   
    I have enjoyed this thread from the start and I commend everyone involved it has been very civilised.
    I am glad people were not banned as free speech is to be treasured. It keeps us all honest.
    But, and there is allways a but, There are no winners here as arguing on the internet is like competing in the special olympics you may win but your still special. 
    So why don`t we end it here and you do your thing and we do our thing? because to be frank this thread has achieved nothing except increasing my popcorn bill.
    I do love my popcorn though so please carry on if you wish.
  18. Like
    KDave reacted to Nwcollector in Been collecting for 8 weeks now   
    About 8 weeks ago before Christmas the wife asked me to clean up my stuff
    there was a new in box Dewalt 735 planer sitting in the corner of the living room for the last 6 months along with all the other things I have laying around 
    At 56 I have collected lots of stuff 
    wife asked what I was going to do with all this stuff?
    I said sell it and convert it to silver
    well that was about 8 weeks ago
    I now have13 lbs f fine 999 silver
    Having fun 
    scott

  19. Thanks
    KDave got a reaction from BackyardBullion in BASHING on the forum   
    @cravethatcoin Ah I thought you had been banned here and could see not reason as to why, it looked a bit like thin skin syndrome unless there is more to it, but I think now that BYB means you are banned from commenting on his channel? Fair enough its his channel. 
    There are potential downsides yes, I have also said there are risks in the past but as I see them the risks are primarily to BYB. Perhaps I worded it differently but I pointed it out in the beginning on his thread and then I joined the order . BYB is choosing to provide a service, he is knowingly carrying the risk and reaps the reward - others who chose to take his offer agree to terms and take a risk as well but no one will escape unscathed if things go wrong. But a disaster is waiting to happen every time you get out of bed, cross a road, ect. It is perspective, BYB and the people joining are willing to risk it.  
    It is all laid out in the group order threads, the risks are clearly laid out. The rewards are obvious, you list them. People take the punt on balance of the two. 
  20. Thanks
    KDave got a reaction from BackyardBullion in BASHING on the forum   
    @cravethatcoin Ah I thought you had been banned here and could see not reason as to why, it looked a bit like thin skin syndrome unless there is more to it, but I think now that BYB means you are banned from commenting on his channel? Fair enough its his channel. 
    There are potential downsides yes, I have also said there are risks in the past but as I see them the risks are primarily to BYB. Perhaps I worded it differently but I pointed it out in the beginning on his thread and then I joined the order . BYB is choosing to provide a service, he is knowingly carrying the risk and reaps the reward - others who chose to take his offer agree to terms and take a risk as well but no one will escape unscathed if things go wrong. But a disaster is waiting to happen every time you get out of bed, cross a road, ect. It is perspective, BYB and the people joining are willing to risk it.  
    It is all laid out in the group order threads, the risks are clearly laid out. The rewards are obvious, you list them. People take the punt on balance of the two. 
  21. Like
    KDave reacted to vand in Wealth Tax   
    My preferred vehicle is my company salary sacrifice pension scheme, which I intend to fully take advantage of in the upcoming tax year. Also likely to start a SIPP and throw money into that. Between them both I will max out the 40k limit, and then I will also try putting as much as I can into a s&s ISA.
    This may sound obvious, but worth pointing out that by saving more and spending less you are also avoiding paying a large chunk of your income to indirect taxation!
  22. Like
    KDave got a reaction from Bullionbilly in car damage from pothole   
    If someone has reported pothole before, claim on it. If no one has reported it, get neighbour to report it, then report damage to your car the next day and claim on it. 👍
  23. Like
    KDave got a reaction from Abyss in Who Do You Rate as Best for Explaining Gold Trends ?   
  24. Like
    KDave reacted to Scuzzle in Who Do You Rate as Best for Explaining Gold Trends ?   
    I think you have to simply look upon gold as a long term hold and as insurance against paper ponzi running into trouble, the control structure doesn't want gold competing with their paper currencies so it will never be allowed to break out - if possible.
    In 1970 gold was £16 by 1980 it was £240, in 2000 it was still round £240 but a decade later it was over £1000,  Now I look at this and think - I wish I owned some gold bought at £16 before it went to £240 and I wish I owned some gold bought at £240 before it went to £1000.  Well now I do own some gold and I won't have to look back with wishful thinking or regret in hindsight if something similar happens again and there is every likelyhood as the world is awash with debt like never before.
  25. Thanks
    KDave got a reaction from BackyardBullion in BASHING on the forum   
    @cravethatcoin Ah I thought you had been banned here and could see not reason as to why, it looked a bit like thin skin syndrome unless there is more to it, but I think now that BYB means you are banned from commenting on his channel? Fair enough its his channel. 
    There are potential downsides yes, I have also said there are risks in the past but as I see them the risks are primarily to BYB. Perhaps I worded it differently but I pointed it out in the beginning on his thread and then I joined the order . BYB is choosing to provide a service, he is knowingly carrying the risk and reaps the reward - others who chose to take his offer agree to terms and take a risk as well but no one will escape unscathed if things go wrong. But a disaster is waiting to happen every time you get out of bed, cross a road, ect. It is perspective, BYB and the people joining are willing to risk it.  
    It is all laid out in the group order threads, the risks are clearly laid out. The rewards are obvious, you list them. People take the punt on balance of the two.