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vand

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  1. vand

    What to do.

    draw your own conclusions!
  2. I wanna be like Warren Buffett or Bernie Ecclestone.. those guys don't know the meaning of the word retirement and their minds are still razor sharp for it.
  3. vand

    What to do.

    I would say exactly the opposite is much more likely. The people who continue to stack are probably consistent long time stackers who understand the value of monthly cost averaging and continue to buy in sizeable quantities, rather than casual momentum buyers who may by a few dozen ounces at the peak.
  4. vand

    What to do.

    On the contrary. One look at silver bullion sales will tell you that stackers are a much rarer breed now than at any time in the last 5 years.
  5. Retirement is a double edged sword; there are studies that show that continuing in work in late life is generally good for your wellbeing. The confusion comes because in our minds we associate "retirement" with having finally reached a state of "financially independence" and as we all know that is usually far from the case. One of the smartest guys I know was a dentist; made enough from his work to "retire" in his early 50s. Now he spends his "retirement" travelling around the Australian outback and giving treatment to those for whom do not have easy access to good dentists. Good bloke.
  6. vand

    What to do.

    Stack what you have a preference for. If you don't know, then imo it makes sense to start with some silver right now because it is relatively cheap, and if you are just starting out then storage won't become an issue until you have accumulated a few hundred ozs at least (IMO it isn't really an issue even with a few thousand ozs). Over the last 2.5 years I have accumulated >1500oz of silver and just 1.5oz of gold (which I dipped into when the GSR fell below 70), and don't feel the need to rebalance to a bigger gold position because I know that it will automatically happen when their relative prices dictate it. No point in forcing it and screwing myself out of extra metal for my hard-earned fiat notes.
  7. vand

    Gold/Silver ratio?

    The most likely scenario is that both go up in fiat terms with silver outperforming gold. But who cares - I am taking about the ratio itself, not the price in fiat denominated values. I see my precious metals as a way of preserving purchasing power and eventually being able to use them to acquire more productive assets when the opportunities arise. Fiat money in and of itself is not value producing, its only (currently) a means to acquire something which is.
  8. vand

    Gold/Silver ratio?

    I have just been buying silver, every time I come close to buying a sov I end up with more Eagles. This will change when the GSR itself moderates. I will split between both gold when it falls below the 70th percentile of its historical average (68), and then just primarily gold when falls below the 50th percentile (56).
  9. vand

    Fake silver eagle from eBay.

    A lot of faff for 1oz of silver. Life's too short. If we had a new thread for every time someone got a fake off fleabay...
  10. vand

    Fake silver eagle from eBay.

    Its fake as hell. Why do people bother with ebay? Its not like we don't warn you enough on here.
  11. vand

    Silver Monitoring Thread £ only.

    Major Breakout. Yesterday was one of these sessions where both USD and PMs rallied. Result is that the true price of PMs in other currencies make a big move higher.
  12. I don’t think there’s a dedicated thread for this, so starting one. GSR has now moderated to about 76 as silver has been leading the climb in recent weeks. Silver still clearly a better buy above 72-73 imo. Gold/Plat levelled off at 1.46, currently 1.44. Platinum is outstanding at these generationally cheap levels for future outperformance.
  13. Its got sod all to do with economic conditions. Households weren't exactly rolling around in spare cash during the financial crisis when sales peak at 40m+. Sales are down because most people don't have an interest when prices are low and rush out to buy when prices hit a peak.
  14. vand

    Silver Monitoring Thread £ only.

    Whisper it quietly, but SilverGBP is threatening to set a new 6 month high...!