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vand

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  1. Like
    vand got a reaction from goldmember44 in Gold Monitoring Thread £ GBP only   
    GBP all time high is £1,178.93 
    Current price is £1,175.80
    Looks like GBP is shortly to become another currency to be added to the basketcase list and make new lows against Real Money.
     
  2. Like
    vand got a reaction from goldmember44 in Silver Monitoring Thread £ (GBP) only.   
    The long term decline is about much more than Brexit. I remember the GBP over $2 and over 1.7Eur. 
    This is about continual mismanagement of our economy. We are anti-business and anti-entrepreneurial while promoting too much investment in unproductive housing, all of which has made us an expensive, high tax, and unproductive economy. Where are our success stories? The FTSE100 is still dominated by the same tired old firms that were knocking aroun 10-20 years ago. It is not surprise that as other countries overtake us or pull even further ahead their currencies become more highly valued relative to our own
  3. Like
    vand got a reaction from goldmember44 in Silver Monitoring Thread £ (GBP) only.   
    This is all about sterling.
    $1.24 and 1.11EUR... GBP is a piece of used toilet paper.
    I get paid in GBP.. I'm actually furious that pound is my pocket is quickly becoming a worthless piece of bad much more than I am relieved to be holding some non-sterling denominated assets.
     
  4. Like
    vand got a reaction from Ushao in Goal - Financial Independence In Ten Years   
    Great thread. Everyone wants financial independence and I have a similar goal, but that doesn't mean I won't continue to work as I believe work fulfills an important human requirement.
    Firstly, I agree with your views on property. That goose is dead, and when (not if) the crash comes, many overleveraged people will be wiped out and the accompanying economic recession will be much worse than 2008-09. That said, I do believe that eventually owning your own home at a sensible price (ideally around x200 gross rent) is an important part of becoming financially independent, but those sort of prices wont return until there is a violent price reset.
     
    I also agree that, unless you are VERY savvy, PMs are likely not the way to future prosperity. Of course, some of many of us discussing this are trying to get to that "very savvy" pointy end, but you have to be very contrarian to do so, and I'm not sure that we are at that stage of the commodities market these days as we were in 2000-2002. PMs main role is to preserve purchasing power, which is not the same as building wealth. There may be, indeed surely will be, a time where PMs have their moment in the sun and offer the chance of a big return, but for the most part it is "insurance".
    The rules of building wealth are simple (but not easy):
    -maximize your earnings
    -minimize your expenditures
    -invest wisely in proven sustainable, wealth-building assets when they are attractively priced
    -diversify to spread your risk around, but only as much as you need and only invest in what you understand
    -avoid chasing a fast buck and making mistakes which can wipe out your capital. A 10% loss just needs a 11% rise to recover, a 90% loss needs a 1000% rise to return.
    Most of the time none of this comes easy or quickly, and in today's environment cheap money has inflated every asset price (except commodities) so your choices are limited. But if making money was easy then more people would be rich!
    I also think that setting a time frame for such "blue sky" goals is not a good idea. Maximize your own potential and focus on smaller deliverables. See where you are in 2 years time. Most of us are seeking the same goals and working a lifetime to get there!
  5. Like
    vand got a reaction from Martysmith in Silver Monitoring Thread £ (GBP) only.   
    Wouldn't get too excited until it can clear £12.60 set at the start of the year.
  6. Like
    vand got a reaction from mr-dead in Gold Monitoring Thread £ GBP only   
    Gold GBP has now outperformed FTSE 100 with dividends reinvested over 1, 3 & 5 years.
    https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24GBPUSD&p=D&yr=5&mn=0&dy=0&id=p11467062996
    http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24GBPUSD&p=D&yr=3&mn=0&dy=0&id=p11467062996
    https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24GBPUSD&p=D&yr=1&mn=0&dy=0&id=p60933500355
  7. Like
    vand reacted to Stuntman in Where's Platinum Heading ?   
    @vand I'm with Hargreaves Lansdown.  I've got the iShares physical Gold fund (SGLN) in my ISA, and the iShares physical Silver and physical Platinum funds SSLN and SPLT) in my SIPP.
  8. Like
    vand got a reaction from FlorinCollector in Today I bought.....   
    Bought 1oz Plat & 20oz silver from the European Mint.
    They seem to have better prices than GS.be these days.. 
  9. Like
    vand got a reaction from CadmiumGreen in Today I bought.....   
    Bought 1oz Plat & 20oz silver from the European Mint.
    They seem to have better prices than GS.be these days.. 
  10. Like
    vand got a reaction from KDave in Where's Platinum Heading ?   
    In my view the Pt/Pd ratio should really have bottomed in 2015 when it was 1.5 and bounced almost back to 2.0.... but then the VW emissions scandal came along and extended the ratio the next 3 years to the downside, a further fall from roughly ~1.8 down a to bottom of about ~0.55. 
    Recent price action suggests that this is going revert back towards to the mean..
     

  11. Like
    vand got a reaction from kneehow2018 in Where's Platinum Heading ?   
    What goes down must come up
  12. Like
    vand reacted to HawkHybrid in Gold Monitoring Thread £ GBP only   
    chartist price gold in usd(currently) cos they want to know how
    the global price trend of gold is moving. pricing it in any other
    currency just introduces more variables.
    eg if £ drops by 10% versus $ and many other currencies. (for
    arguments sake) £ has 10% inflation so £1.10 is required to
    buy what was previously priced at £1.00. let's say gold goes up
    by 5%(usd) due to uncertainty. gold in £'s has gone up by 15%
    but only cos £ has weakened. the amount of gold required to
    buy a tailored suit my now be 0.95 toz as opposed to 0.85toz.
    ie gold as a store of value has increased by 5% and not 15%.
     
    currently pricing gold in usd gives the clearest picture of any of
    the currencies available. it's more a practical thing to price gold
    in usd.
     
    HH
  13. Like
    vand got a reaction from Rocky in Silver Monitoring Thread £ (GBP) only.   
    Silver USD has regained $16 on dovish Fed.
  14. Like
    vand got a reaction from 5huggy in Silver Monitoring Thread £ (GBP) only.   
    Gold & silver have run into obvious long term resistance at these current levels. There's a chance they might still break through, but momentum is now fading and each session that it doesn't manage increases the likelihood that they'll ultimately fail this test and get sold off again. Too many are short term optimistic, so I personally would not be surprised to see the selloff scenario play out. Accordingly I have unwound most of my trading positions.
     
  15. Haha
    vand reacted to Paul in Gold Monitoring Thread £ GBP only   
  16. Like
    vand got a reaction from SergioSena in Goal - Financial Independence In Ten Years   
    Been spending a lot of time catching up with the FIRE movement lately.
    Getrichslowly.org & MrMoneyMustache.com are two excellent resources.
    There's lots of really good personal blogs & podcasts, too. 
    I spent good few hours reading through https://fi180.com/  - really inspiring sutff, and there are links in all the articles that take you on a merry tour of some of the best FI sites around.
    https://radicalpersonalfinance.com/ is an excellent podcast.
    The BBC even touched on it, shock horror: http://www.bbc.com/capital/story/20181101-fire-the-movement-to-live-frugally-and-retire-decades-early
    I'm hooked..
  17. Like
    vand got a reaction from Wackattak924 in Gold Monitoring Thread £ GBP only   
    No, you're already trying to outwit the market. If you want to be internally consistent.. you "only" have £500 to buy PMs this months, so what does it matter if spot is £970 or spot is £1010, it's 40 bucks, not worth losing sleep over. 
    If you agonise that you missed the low end of the candlestick every month and roll over to the next month then you aren't going to last very long at this game.   What are you going to do if spot is £1050 this time next month? I'd rather get it out of the way, and think of the £40 as money well spent in order to hold the metal. Some months it will work in your favour, some months it will work against you, but if you expend unnecessary mental energy every each and every month then you're already way behind the curve.
  18. Like
    vand got a reaction from KDave in Gold Monitoring Thread £ GBP only   
    No, you're already trying to outwit the market. If you want to be internally consistent.. you "only" have £500 to buy PMs this months, so what does it matter if spot is £970 or spot is £1010, it's 40 bucks, not worth losing sleep over. 
    If you agonise that you missed the low end of the candlestick every month and roll over to the next month then you aren't going to last very long at this game.   What are you going to do if spot is £1050 this time next month? I'd rather get it out of the way, and think of the £40 as money well spent in order to hold the metal. Some months it will work in your favour, some months it will work against you, but if you expend unnecessary mental energy every each and every month then you're already way behind the curve.
  19. Like
    vand got a reaction from Goldfever in Sold all my gold, got stung   
    Let's see.. give up your hedge because your hedge is doing its job. Nope. Not even dreaming about it. 
     
  20. Like
    vand got a reaction from silenceissilver in Sold all my gold, got stung   
    Let's see.. give up your hedge because your hedge is doing its job. Nope. Not even dreaming about it. 
     
  21. Like
    vand got a reaction from Big23 in Sold all my gold, got stung   
    Let's see.. give up your hedge because your hedge is doing its job. Nope. Not even dreaming about it. 
     
  22. Like
    vand got a reaction from HonestMoneyGoldSilver in Sold all my gold, got stung   
    I don't think its a case of just doing the opposite of what most people are doing. After all, it is the belief and the behaviour of the masses that drive markets in big trends, not those of contrarian. You have to run with the masses during the main phase of the market and even towards the start of the end, but you want to get out and eventually do the opposite of the masses towards the middle of the end and definitely towards the end of the end
    Contrarian are usually right in their belief, but wrong in their timing, and they usually are far too early in taking up their opposing positions.
  23. Like
    vand got a reaction from Silvergun in Sold all my gold, got stung   
    Precious metals are a hedge against uncertainty. With the current Brexit situation and the wobble in the stock market, you want to be acquiring precious metals, not selling them. You have a very backwards and upside-down view of the world if you are "spooked out" of a safehaven asset class to jump back into fiat. Sadly, this is how most of the population thinks, and that's why we're heading ever nearer the financial cliff. 
  24. Like
    vand got a reaction from soutie in Sold all my gold, got stung   
    Precious metals are a hedge against uncertainty. With the current Brexit situation and the wobble in the stock market, you want to be acquiring precious metals, not selling them. You have a very backwards and upside-down view of the world if you are "spooked out" of a safehaven asset class to jump back into fiat. Sadly, this is how most of the population thinks, and that's why we're heading ever nearer the financial cliff. 
  25. Like
    vand got a reaction from JunkBond in Sold all my gold, got stung   
    Precious metals are a hedge against uncertainty. With the current Brexit situation and the wobble in the stock market, you want to be acquiring precious metals, not selling them. You have a very backwards and upside-down view of the world if you are "spooked out" of a safehaven asset class to jump back into fiat. Sadly, this is how most of the population thinks, and that's why we're heading ever nearer the financial cliff. 
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