• The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

Michal

Member
  • Content Count

    221
  • Joined

  • Last visited

  • Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    Michal reacted to Goldenbear in How Many People Own Gold?   
    I am not sure where this idea came from but gold is more liquid then pretty much anything a person can own, period. You can literally go online right now and lock in a price a few percent below spot for as many hundreds of ounces as you like and sell them instantly...its THAT liquid. It has been for over 5000 years. If your currency is getting weaker gold is getting stronger (see GBP vs Gold since brexit), in this way gold is even more liquid then your cash! If you had bought an ounce of gold at spot just before brexit and had the same amount in cash in a little pile and saved them both...and then offered me one or the other....id take your gold one ounce coin over your money any day of the week! As would anyone.
    Now repeat this little experiment over the course of history and see that at virtually no point would this same scenario not make gold the better choice over a 10-15 year time frame and be more appealing to you. THAT is why gold is so liquid. It retains value against devalued currencies. They devalue over time and as such the price of gold in that currency goes up. Its why gold is so special. There is never a liquidity issue with physical gold...currencies however, well history has shown that all currencies eventually become illiquid or worth so little that they can no longer be exchanged freely anymore.
    Right now, take Venezuela or Turkey for example, you wanna trade your gbp for the bolivar or the lira? I think not.
    Trade it for gold and sit back in your armchair for 20 years whilst your pounds disintegrate into pennies. And then feel smug and have a little gold party where you play Spandau Ballet all night long and eat chocolate gold coins. Just be warned, do it quietly as the starving mobs roving the streets in mad max fashion may overhear it and come a calling.
    Or perhaps you just end up with lots of savings that inflation didn’t cannibalise...either way, you will be glad you bought gold.
  2. Like
    Michal reacted to tallyhojim in It's a hard life being a dog!   
    Say hello to Benji.

    A brain like a jellyfish, and nuts like a pair of pendulums!

     



  3. Super Like
    Michal got a reaction from Bullionbilly in It's a hard life being a dog!   
    Guard Dog, he is making sure that no body steals his lady while he is a sleep.

  4. Like
    Michal got a reaction from 5huggy in Is there something wrong with me?   
    Statistic is beautiful science you can prove absolutely everything in it if you pick data properly. Thing is most of people are working more and can bay less essentials even that their wage is going up according to official inflation. Something is not right then. System is designed to steal from everybody by those who designed and control it, no body revolt coz it was unnoticeable for quite a while but recently it is speeding up and become significant. In rich developed country's  person working full time struggles to meet end needs and it getting worse, how long situation like that can last?
    I am minimalist/frugal, try not to waste money and count my money. In last year our household spending jumped from  about 1150 per 4 weeks to 1400 per 4 week. I am aware of life creep and not fell in to that. Our quality of life even dropped coz we started to buy lower quality staff and overall quality of our usual products dropped. So our cost rise by 22% meanwhile dropping quality, our wages rise about 1.4% ( bonuses didn't rise , just base rate). Yes inflation is felt personal but it is not excuse to ridge measurements. 
     
    P.S.
    I am so excited that 2019 Porshe 911 dropped 5k in price in last quarter that is whole 5%! I will take 10, please.
  5. Like
    Michal got a reaction from ROrbers in Is there something wrong with me?   
    https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/cznu
     
    I was in UK in 2011 and dont remember 12 eggs cost 3 pounds, true that now you can buy 12 for 2 pounds. 
    Our household is spending about 33% more just for food comparing to last year July, we didn't start any extravagant eating habits more than that i thing we went for lower quality staff even.
  6. Super Like
    Michal got a reaction from 5huggy in Is there something wrong with me?   
    belangp has really good points in his videos. It is a shame that so little people watch him.
    Eggs are not a problem, problem is 50-100% food price increase during last 8 years, minimum wages went up about 30% and a lot of jobs stagnant or barely moved. I remember Lidl advertising in 2013 to pay living wage 8-9 pounds when NMW was 6.3. Now they pay 9 pounds when NMW is 8.21. Most jobs are paid like mcjobs but gov tell us everything is fine coz jobs wage rise proportionally to inflation. More than that Bank of England inflation calculator says wages even outperform inflation. So nothing to worry about, everything is fine... but somehow it doesnt fit to what i see everyday in real world. I think people really need red pill coz real financial matrix is suffocating  them without their knowledge.
  7. Like
    Michal reacted to TheGeneral in It's a hard life being a dog!   
    Life on the road! 

  8. Like
    Michal reacted to BackyardBullion in It's a hard life being a dog!   
    It's such a hard life.....

  9. Like
    Michal got a reaction from Groundup in It's a hard life being a dog!   
    Guard Dog, he is making sure that no body steals his lady while he is a sleep.

  10. Like
    Michal reacted to Tn21 in 2020 Britannia 1oz & Soverign   
    What a sight, this was like a kid in a sweet shop for me. 
    2020 Brittania 

  11. Like
    Michal reacted to KDave in How Many People Own Gold?   
    Because 'the public' (as an average) through generations of lack of experience and education have little understanding of what money is, and so they see gold only as something that the wealthy would own. When we used sovereigns as £1 coins it was obvious. 'Money' today is a very convoluted and confused subject, made deliberately so I believe, for the benefit of the fiat system which thrives on a critical mass of ignorance and lack of choice for the majority of participants, both in wages and in savings.
    Another point is that people still trust fiat, rightly so because it works, they earn in fiat and invest in fiat, the measuring stick is fiat. It is exceptionally good at what it does. The limitations of fiat is that it is debt based, as soon as the world stops growing it is complete carnage, much worse than any deflationary period under a gold standard. This is where the experience will come in, understanding will follow - give it another few years, mid to late 2020's and people who did not experience 2008 will receive some hard lessons on the limitations of fiat and the advantages of money. 
  12. Haha
    Michal got a reaction from SILVERFINGER in I have just been conned on ebay   
    "Testing gun on scammer..." 😂
  13. Haha
    Michal reacted to sixgun in Spanish Silver Candlestick   
    Pity they couldn't afford the candles.
  14. Haha
    Michal reacted to SILVERFINGER in Brexit status ...   
    Yeah but I was talking about the main town centre itself, all towns and cities have their sinkhole estate areas, reminds me of an old joke, 
    If God made the front of a woman who made the back ?  
    The council, only they would put a shithole next to a play area.
  15. Like
    Michal got a reaction from RichmondStacker in It's a hard life being a dog!   
    Guard Dog, he is making sure that no body steals his lady while he is a sleep.

  16. Haha
    Michal got a reaction from caloundracats in Hoard of Norman Silver Coins Found in Somerset   
    My dog is just digging up stones. Any training tips ? 😁
  17. Like
    Michal got a reaction from verorl in It's a hard life being a dog!   
    Guard Dog, he is making sure that no body steals his lady while he is a sleep.

  18. Super Like
    Michal got a reaction from CadmiumGreen in It's a hard life being a dog!   
    Guard Dog, he is making sure that no body steals his lady while he is a sleep.

  19. Like
    Michal reacted to HelpingHands in They offered me cash bonuses to keep gambling   
    This might sound harsh but the best thing that could happen to gambling addicts is to lose everything quickly.
    The sooner they hit rock bottom the sooner they can stop wasting their time gambling.
  20. Super Like
    Michal got a reaction from BackyardBullion in It's a hard life being a dog!   
    Guard Dog, he is making sure that no body steals his lady while he is a sleep.

  21. Like
    Michal got a reaction from Derv in Sold all my gold, got stung   
    First hunch is so important, I always overthink things and make wrong decision (or maybe not the best one). I remember when didn't buy 1 oz gold for 1010 pounds coz wanted to buy for under 1k and end up buying silver 😀.
    In general i remember when this thread was started and my reaction to this guy complain 😲. 
    Understanding your purchase ( in any matter) is crucial.
    1. Physical PM makes you a bit independent from current monetary system.
    2. You buying Physical PM long term and should consider gain/lost  in terms of decades rather than months.
    3. You don't "invest" money which you need or will need soon.
    4. You don't "invest" money that you can't loose.
    5. You don't sell until have opportunity to buy something which fits your financial goals more. 
  22. Like
    Michal got a reaction from kimchi in Hoard of Norman Silver Coins Found in Somerset   
    My dog is just digging up stones. Any training tips ? 😁
  23. Like
    Michal got a reaction from Fastnick in Sold all my gold, got stung   
    First hunch is so important, I always overthink things and make wrong decision (or maybe not the best one). I remember when didn't buy 1 oz gold for 1010 pounds coz wanted to buy for under 1k and end up buying silver 😀.
    In general i remember when this thread was started and my reaction to this guy complain 😲. 
    Understanding your purchase ( in any matter) is crucial.
    1. Physical PM makes you a bit independent from current monetary system.
    2. You buying Physical PM long term and should consider gain/lost  in terms of decades rather than months.
    3. You don't "invest" money which you need or will need soon.
    4. You don't "invest" money that you can't loose.
    5. You don't sell until have opportunity to buy something which fits your financial goals more. 
  24. Haha
    Michal reacted to sixgun in Sold all my gold, got stung   
    Perhaps not when those eggs are golden.
  25. Haha
    Michal reacted to FoolzGold in Sold all my gold, got stung   
    Always feels like it's worth reviving this thread when gold climbs to a new high. 
    As a reminder :
    April 2017 - guy joined forum and asked for advice on which coins to buy. Following the excellent advice of the users here he bought:
    3 x Britannia (2016, 2017)
    1 x Queen's Beasts Lion
    2 x Queen's Beasts Dragon
    2 x Queen's Beasts Griffin
    November 2018 - without asking anyone's advice he panicked and sold them at melt price (maybe £930/oz) to Atkinsons, who turned around and sold them on their site for £1300+ each.
    Value today? Spot price around £1250/oz, roughly 35% above the spot price at the time he panicked. Resale value of those QBs? Probably at least 30% higher still. I'd say he'd have been looking at maybe 75% more today on those QB's than he sold them for 9 months ago.
    Quote: "I'm just glad I got out of it before I lost even more."