Michal

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. 

@ady 2022 will be a very interesting year.  

They only say the amount they think they can get away with / cannot hide anymore.....

Dont believe it for a second.

50k on hookers and cocaine, then do something frivolous with the rest😄
I wouldn’t draw down unless you have a strong proposition mate. I was considering drawing from my mortgage to get a wind turbine. Reckon it would pay for itself in around  8 years, especially if fuel prices keep going up. I’m really on the fence, especially as noticed the early repayment charge on the new mortgage offer sits at 5% for the 5 year term. Always check the details. 

This is the reason I am focusing from a while on buying scrap or very low premium gold and silver. The intrinsic value will be there when the time will come for me.

Im still impressed that people, from the average joe, on here and in the financial world refuse to admit this into their consciousness. In my experience, when I ask people who hold the belief that the CPI is upstanding they change their tune when they extrapolate and explain the conclusion of what they were suggesting. Most people dont want to admit they are in a farm-like-economic-slave-system.

Correct.
To be honest I calculated the same food, consumables and fuel prices from 2018 to now (mostly Asda shopping) and its up 27%. Thats 9%, give or take, on average.
Thats not taken into account of getting the house new laminate flooring. Electrical consumer goods. AA batteries, you name it.
Its over 10% if you really calculate the entire lot.

Baloney Maloney. You do have to filter out the bias but he makes some good points if you can see through the BS

Probably he had to sell his computer to cover margin call to cover his gold short position. 🤭 

Probably he had to sell his computer to cover margin call to cover his gold short position. 🤭 

What ever happened to @Wonger?  Does he still think we’re on for $385 in the next 6 months?!

It is a shame that this topic died. It was so entertaining. 

There is a reason why people always back to gold after fiat currency rant. I am simple man, I see them print like crazy, I buy more PM. Question is not, If it end up in mess, question is when. Situation right now look like pure madness. They "struggle" to get inflation of 2% but my shopping basket went up ~15%. No point of holding cash now IMHO. 

There is a reason why people always back to gold after fiat currency rant. I am simple man, I see them print like crazy, I buy more PM. Question is not, If it end up in mess, question is when. Situation right now look like pure madness. They "struggle" to get inflation of 2% but my shopping basket went up ~15%. No point of holding cash now IMHO. 

There is a reason why people always back to gold after fiat currency rant. I am simple man, I see them print like crazy, I buy more PM. Question is not, If it end up in mess, question is when. Situation right now look like pure madness. They "struggle" to get inflation of 2% but my shopping basket went up ~15%. No point of holding cash now IMHO. 

There is a reason why people always back to gold after fiat currency rant. I am simple man, I see them print like crazy, I buy more PM. Question is not, If it end up in mess, question is when. Situation right now look like pure madness. They "struggle" to get inflation of 2% but my shopping basket went up ~15%. No point of holding cash now IMHO. 

So, I'm getting the idea that the big banks conspire to keep silver stable because if it shot up real high a lot of people would try to cash in their paper claims and the banks couldn't cover those demands?
I won't comment on "shorts" because I still have a very muddled idea of that process.
I should explain more about me.........I have been buying a bit of silver (mostly old coins) over the years........ONLY because I have quite a bit of money that is just numbers on a computer and I want to have something physical in possession just in case the numbers on the computer vanish due to some horrific disaster.
So, I don't buy and sell and I'm not familiar with all the jargon and investment strategies.
I did, however, refuse to buy when the price went up.......because the predictions of huge increases seemed bogus.
That decision was based more on instinct than actual knowledge.
Thanks for the info.

I think we had this discussion before on this forum, and as fare as I remember you are obligated to declare metal value not face value when entering UK, the same when you leave UK.

It is a shame that this topic died. It was so entertaining. 

It is a shame that this topic died. It was so entertaining. 

I think we had this discussion before on this forum, and as fare as I remember you are obligated to declare metal value not face value when entering UK, the same when you leave UK.

The argument still stands regarding it being a passenger allowance.  It is traditionally a duty free allowance and is worded very badly as a result.  It has been a grey area like this for a very long time almost certainly deliberately.
If you're arriving from an area where VAT has not been paid, you will not have your bags opened and VAT applied to everything if your total value is found to be BELOW £390.  The reason is that every traveller with a laptop or a watch or a mobile phone that was newish looking would have to carry paperwork to demonstrate it's VAT payment.  It's not possible or sensible which is why a simple limit / perk is given to tourists who buy souvenirs etc without all of that hassle.  It would take a day to clear customs if they were to abolish the allowance.
The £390 should really go up with inflation because it's been £390 for at least 6 years and possibly many more than that before I explored it last.  A few silver coins below a total value of £390 including all of your personal effects should be fine imo.  It's basically not worth the ticket cost for people to go making a business out of it and small insignificant amounts are not worth them bothering with.