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vand

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  1. Like
    vand got a reaction from Big23 in Retirement age - Plan B   
    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.
  2. Like
    vand got a reaction from Pipers in 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. 
  3. Like
    vand got a reaction from Roy in Retirement age - Plan B   
    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.
  4. Like
    vand got a reaction from Roy in Retirement age - Plan B   
    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.
  5. Like
    vand got a reaction from Roy in Retirement age - Plan B   
    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. Like
    vand got a reaction from Roy in Retirement age - Plan B   
    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.
  7. Like
    vand reacted to mr-dead in Retirement age - Plan B   
    Just spotted this story online :
    Russia Raises Retirement Age Above Life Expectancy For 40% Of Men
    https://www.zerohedge.com/news/2018-06-19/russia-raises-retirement-age-above-life-expectancy-40-men
     
    I have no doubt this is coming our way sooner or later and as a 42 yr old I expect the pension/retirement landscape to look significantly different by the time I come to retirement.
    Just goes to show you need to take responsibility for your own finances and to not rely on the state to look after you in old age.
     
    Gold/Silver = A secure nest neg and peace of mind.
     
  8. Like
    vand got a reaction from SilverFlame in 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. 
     
  9. Like
    vand reacted to CoinFinders in Gold/Silver ratio?   
    I commend just about "any method of stacking."  Every stacker is a bit different with differing resources and differing priorities.  I have a friend who buys nothing but sealed "monster boxes" of US Silver Eagles.  Another friend buys 1-2-3 silver rounds a month.   Both have sound strategies.  I have found that if you have a plan -- and then stick to the plan! -- you will be successful in the long run.  Priority #1:  buy the best you can afford.  Priority #2:  buy what you like.  Priority #3:  stay away from the too-good-to-be-true bullion deals ("Buy at our cost!"), or the "loss leader" types of deals from some dealers and bullion companies.   Many reputable bullion dealers (especially the big ones) will occasionally have a "blow out sale."  These are usually focused on a one-time-good-buy and then flipping to their clients -- these are the deals to seek out.  I recently bought a number of 1/4oz Maple Leafs with random dates, and paid 2% over spot for the buy.  Thanks from Scotty at CoinFinders.  www.coinfinders.com
  10. Like
    vand got a reaction from mr-dead in Renting out a home?   
    i think you're about 10 years too late to be getting into the BTL game.
  11. Like
    vand reacted to KDave in End game / why stack / why collect   
    A great topic. 
    I can't answer for other people but I buy physical silver to take a punt on its future value in other goods - probably relative to stocks and shares or another asset type. I stack because I am not confident that the conditions that will lead to silver being valuable relative to other assets will be kind to paper claims on silver, or whether those will have any value at all at that time. In my dream world I will sell to someone who wants silver via a middle man (dealer) who will pay me for my silver so he can sell it on to the people at a profit. There are always buyers. 
    Silvers value in terms of what it can purchase is what matters. If everything remains equal in terms of cost of resources to mine an ounce of silver in 10 years and population remains static, and demand/supply balance remains static, you have the same value in 10 years as you do now. How likely is that? I think silver will at least be more expensive to mine in 10 years, probably due to the cost of energy (oil) to extract it and failing that, the amount of additional energy that will be required to access harder to get deposits. Even if we half the cost of energy, if silver is twice as hard to find and mine you are breaking even. Then add population growth. Then add potential for increased demand for silver. That is why it 'preserves purchasing power' but there are no guarantees, the opposite in theory could happen, demand could fall off a cliff because we find something to replace silver in components or don't need as much any more per capita. 
    Financial crisis is a good reason for holding physical as I said above (not paper), but a crisis is not necessary to at least preserve purchasing power as I have demonstrated above. Stocks do not need to crash for silver to do well. Perhaps not as well as other assets - you should diversify.
    Silver has no yield but that is because it is a commodity and some argue it is money like gold. I am in agreement with this, but it is not the best form of commodity based money, that would be the role of gold. I will explain this in another thread when I have the time.
  12. Like
    vand got a reaction from MickD in End game / why stack / why collect   
    Pms are INSURANCE. Most of us don't sit there looking at our insurance policies and saying "what a stunning buy I made" until after the fact.
    It is ALL about staying in the game. Silver is something to be accumulated and stockpiled for times of trouble. But the trick is that you have to buy it during normal times when it is undervalued. You can't wait for the crisis. Most people won't stay the course. They'll buy a few batches and then get fed up waiting for the moonshot. Physical sales are at multi-year lows which tell you everything you need to know about those who haven't managed to stay the course.. most buyers have washed out and fallen away. They haven't managed to stay in the game. Silver hasn't done what they were hoping for it to do in the timeframe that they were expecting. If you go into this with a definite end-game in mind then you will certainly become discouraged and disinterested when that end-game doesn't play out. You will fall by the wayside and you will no longer still be in the game. 
     
     
  13. Like
    vand got a reaction from Pipers in End game / why stack / why collect   
    It's not about the end game. It's about staying in the game. 
  14. Like
    vand got a reaction from JCRJM in Monthly Goals?   
    Good question.
    My income is quite variable from month to month, but I always try to stack what I can comfortably manage, which usually works out to between 30-50oz month. I guess my approach mixes the discipline of monthly cost averaging with the flexibility to determine how much you actually feel like you want to set aside that month. I could conceivably stack 2-3 times as heavily, but I also split my money between trying to pay off the mortgage (not too long now!) and building an increasing cash reserve. 
     
  15. Like
    vand got a reaction from MickD in End game / why stack / why collect   
    Pms are INSURANCE. Most of us don't sit there looking at our insurance policies and saying "what a stunning buy I made" until after the fact.
    It is ALL about staying in the game. Silver is something to be accumulated and stockpiled for times of trouble. But the trick is that you have to buy it during normal times when it is undervalued. You can't wait for the crisis. Most people won't stay the course. They'll buy a few batches and then get fed up waiting for the moonshot. Physical sales are at multi-year lows which tell you everything you need to know about those who haven't managed to stay the course.. most buyers have washed out and fallen away. They haven't managed to stay in the game. Silver hasn't done what they were hoping for it to do in the timeframe that they were expecting. If you go into this with a definite end-game in mind then you will certainly become discouraged and disinterested when that end-game doesn't play out. You will fall by the wayside and you will no longer still be in the game. 
     
     
  16. Like
    vand got a reaction from MickD in End game / why stack / why collect   
    Pms are INSURANCE. Most of us don't sit there looking at our insurance policies and saying "what a stunning buy I made" until after the fact.
    It is ALL about staying in the game. Silver is something to be accumulated and stockpiled for times of trouble. But the trick is that you have to buy it during normal times when it is undervalued. You can't wait for the crisis. Most people won't stay the course. They'll buy a few batches and then get fed up waiting for the moonshot. Physical sales are at multi-year lows which tell you everything you need to know about those who haven't managed to stay the course.. most buyers have washed out and fallen away. They haven't managed to stay in the game. Silver hasn't done what they were hoping for it to do in the timeframe that they were expecting. If you go into this with a definite end-game in mind then you will certainly become discouraged and disinterested when that end-game doesn't play out. You will fall by the wayside and you will no longer still be in the game. 
     
     
  17. Like
    vand got a reaction from MickD in End game / why stack / why collect   
    Pms are INSURANCE. Most of us don't sit there looking at our insurance policies and saying "what a stunning buy I made" until after the fact.
    It is ALL about staying in the game. Silver is something to be accumulated and stockpiled for times of trouble. But the trick is that you have to buy it during normal times when it is undervalued. You can't wait for the crisis. Most people won't stay the course. They'll buy a few batches and then get fed up waiting for the moonshot. Physical sales are at multi-year lows which tell you everything you need to know about those who haven't managed to stay the course.. most buyers have washed out and fallen away. They haven't managed to stay in the game. Silver hasn't done what they were hoping for it to do in the timeframe that they were expecting. If you go into this with a definite end-game in mind then you will certainly become discouraged and disinterested when that end-game doesn't play out. You will fall by the wayside and you will no longer still be in the game. 
     
     
  18. Like
    vand got a reaction from Pipers in End game / why stack / why collect   
    It's not about the end game. It's about staying in the game. 
  19. Like
    vand got a reaction from Pipers in End game / why stack / why collect   
    It's not about the end game. It's about staying in the game. 
  20. Like
    vand got a reaction from Pipers in End game / why stack / why collect   
    It's not about the end game. It's about staying in the game. 
  21. Like
    vand reacted to kimchi in Do you think the Two Dragons Silver Coin will do well?   
    The silver coin market is saturated. Imvho no-one will remember any of these in a year or two, much less want to buy them.
    I'm sticking with plain bullion for silver pretty much from here on in (apart from the old 'dependables' like Kooks, Pandas etc - though even those have perhaps got too much and probably peaked a couple of years back). The Beasts seem to be doing well for now but the quality is appalling.
  22. Like
    vand got a reaction from augur in Does Goldsilver.be or Europeanmint have any coupons to lower their shipping?   
    I don't know if anyone has mentioned it, but you can store and COMBINE ORDERS with GS.be
    I do this all the time, and only take delivery once or twice a year. It saves me at least £200 a year, which adds up to a lot of extra metal.
  23. Like
    vand got a reaction from augur in Does Goldsilver.be or Europeanmint have any coupons to lower their shipping?   
    I don't know if anyone has mentioned it, but you can store and COMBINE ORDERS with GS.be
    I do this all the time, and only take delivery once or twice a year. It saves me at least £200 a year, which adds up to a lot of extra metal.
  24. Like
    vand got a reaction from RichRock in Equities going parabolic - Is the crash near?   
    "Balance is incredibly important". Agreed. Putting 100% of your wealth or even leveraging >100% is not wise. 
    But by the same token, people use these standard tropes as a first-line defense for their own ignorance. They'll justify buying at stupid prices touting "long term" and "diversification".  So there is a a fine line that needs to be walked between ignorance and knowing how much risk is acceptable. 
    Life is considerably more complex than the straight yes/no right/wrong polarisations that the media want to categorize everything. If you understand and apply that then you already have a considerable edge.
  25. Haha
    vand reacted to Pete in Queen's Beasts ?   
    The lion because it has shot up in price.