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vand

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  1. Like
    vand got a reaction from ApisMellifera in Hi Everyone   
    Hi, welcome.
    Some people love proofs/numis, others thing they are an overpriced con. My own philosophy is to have a diversified stack "pyramid" style, with half your stack the lowest premium silver that you can lay your hands on (eg maples, philharmonics), about 1/3 as the semi-numis that take a few years to hopefully appreciate (kook, koalas etc), and the remaining 1/6 anything else that takes your fancy - proofs, collectibles etc.
  2. Like
    vand got a reaction from ApisMellifera in Hi Everyone   
    Hi, welcome.
    Some people love proofs/numis, others thing they are an overpriced con. My own philosophy is to have a diversified stack "pyramid" style, with half your stack the lowest premium silver that you can lay your hands on (eg maples, philharmonics), about 1/3 as the semi-numis that take a few years to hopefully appreciate (kook, koalas etc), and the remaining 1/6 anything else that takes your fancy - proofs, collectibles etc.
  3. Like
    vand reacted to Paul in housing as an investment   
    It goes against the grain of most here but I have preferred renting thus far.  But as most know i'm always usually the blacksheep
    You can chop and change where you base yourself renting 
    Having my main income stream as web based a job hasn't tied my to one location, I have lived in the super quiet countryside in a converted hall, I have shared one of the best x3 bed penthouses in my local city centre when partying was order of the day , lived out on the coast and could get fresh fish landed daily, I enjoy a year living in northern Ireland, had a three month stint in Vegas when the dollar was great exchange rate, a few 4-6 week working breaks to canary islands has been good also
    Get the neighbours from hell you can just upsticks and move.
    Currently co-lodging a place 112 footsteps away from a pub where i can get a pint for £1.75, and costs me around £250-£300 a month all in without the worry of the boiler breaking or the roof blowing off in a storm
    The idea of a mortgage in my 20s always felt like an invisible milestone around my neck for 30 years just seemed crazy
    Now in my mid 30s it is a good option to consider, i supppose, far better chance of getting the best deal possible if you can stump up a 30-50% deposit towards it
    Money rather invested in mortgage has gone into business which has paid me back well and if push comes to shove i could buy could buy a house outright now as property aint so crazy here up t'north.  
    If a big property crash comes hopefully therell be bargains to be had in years to come, i will follow Mr M. Maloneys advice and use my x500 oz of silver to buy a median family home, will be laughing{sigh, if only !} - hopefully 
  4. Like
    vand got a reaction from KDave in housing as an investment   
    There is no doubt at all that inflationary fiat money has made owning real assets such as housing a better choice than renting in the last 40 years. 
    2% inflation a year works in the favour of asset owners and debtors.
    If we had 2% DEFLATION as could easily happen if we went to sound money there is every possibility that that could work in reverse. Savings would be worth more every year, debt could not be inflated away and would have to be paid off.
     
  5. Like
    vand got a reaction from KDave in housing as an investment   
    I'm well in the bear camp on property simply because ZIRP and the political effort put into pumping up the housing market means prices are well into bubble territory, especially here in London. 
    However, here is the thing to consider: from a pure Austrian/free-market perspective, Schiff is dead right. Debt is grossly underpriced and housing is grossly overpriced which is the very definition of a bubble. All bubbles eventually pop, I believe. However, we don't live in a free-market world, and so every effort will be given to maintain the current prices.
    There is no way to guess how long it will go on for or how much higher the market might go, because there is simply no true price discovery in operation. Treasuries have been in a 40 year bull market. I dare anyone to have forecast that trend back in 1981. Bubbles can go on for years.. there is no telling when things will eventually revert back to true value.
     
     
  6. Like
    vand got a reaction from KDave in housing as an investment   
    I'm well in the bear camp on property simply because ZIRP and the political effort put into pumping up the housing market means prices are well into bubble territory, especially here in London. 
    However, here is the thing to consider: from a pure Austrian/free-market perspective, Schiff is dead right. Debt is grossly underpriced and housing is grossly overpriced which is the very definition of a bubble. All bubbles eventually pop, I believe. However, we don't live in a free-market world, and so every effort will be given to maintain the current prices.
    There is no way to guess how long it will go on for or how much higher the market might go, because there is simply no true price discovery in operation. Treasuries have been in a 40 year bull market. I dare anyone to have forecast that trend back in 1981. Bubbles can go on for years.. there is no telling when things will eventually revert back to true value.
     
     
  7. Like
    vand got a reaction from KDave in housing as an investment   
    I'm well in the bear camp on property simply because ZIRP and the political effort put into pumping up the housing market means prices are well into bubble territory, especially here in London. 
    However, here is the thing to consider: from a pure Austrian/free-market perspective, Schiff is dead right. Debt is grossly underpriced and housing is grossly overpriced which is the very definition of a bubble. All bubbles eventually pop, I believe. However, we don't live in a free-market world, and so every effort will be given to maintain the current prices.
    There is no way to guess how long it will go on for or how much higher the market might go, because there is simply no true price discovery in operation. Treasuries have been in a 40 year bull market. I dare anyone to have forecast that trend back in 1981. Bubbles can go on for years.. there is no telling when things will eventually revert back to true value.
     
     
  8. Like
    vand got a reaction from walesdave in Silver and fools gold!   
    It might go up, it might down down. Differences of opinion are what make a market.
    As for the moral implications, is that a joke? Unless you are selling fakes then their is nothing to consider. Both are you are getting a deal out of it. You are selling because you want to convert to cash. They are buying because they want to go the other direction. It's a 2 way street. 
  9. Like
    vand reacted to KDave in Telegraph Article about Debt   
  10. Like
    vand got a reaction from Numistacker in Boris Johnson for Prime minister   
    I'm 98% certain that Britain will vote to STAY in the EU, and by a good margin (probably 2/3rd vote to stay). 
    Cameron's greatest strength is that people have continually underestimated how astute a politician he is.  He would not be calling his referendum unless he knew he was going to win. It will refresh his political capital and authority for the next 12 months. I like Boris a lot, but he won't be getting anywhere near no 10. Cameron will remain PM for another couple of years, get the nasty stuff out of the way in that time as he knows he's going anyway, and then he'll step down and Osbourne (the natural successor) will be given 18 months at the end of this term.
     
  11. Like
    vand reacted to HelpingHands in The youth of today   
    I questioned something in the latest BelangP video.
    He suggests only spending $10500 on a car instead of $32000.
    I suggest spending $1500 instead of $10500 .
     
     
  12. Like
    vand reacted to Scuzzle in Negative Interest rates and the ban on cash   
    We all know this is noting to do with money laundering and tackling crime rather the first step in testing the water for cashless which just needs a valid enough reason to fool the public," look you never missed the 500 Euro note so now the 100 Euro note is going" .  Personally I would prefer the system goes bust before they get to cashless and have everyones money in the bank for their bail ins.  If they are allowed to get away with this they could be inflating negative interest rates for years yet growing their debt ponzi scheme.
  13. Like
    vand reacted to HelpingHands in Negative Interest rates and the ban on cash   
    I don't know why a £50 note would cause the same money laundering and smuggling issues as a €500 note.  
    £50 isn't that much money these days but if you try to use them in a shop the cashier reacts as if you've handed them a grenade.   I might start carrying the Scottish £100s.
  14. Like
    vand got a reaction from ApisMellifera in Today I bought.....   
    Just ordered some silver bullion from Celticgold, consisting of:
    - 2016 ASEs, 20.8% above spot (I have never seen them this cheap - normally they go for 25-27% above spot)
    - 2016 Somalian Elephants, 24% above spot
    - 2016 Kooks, 27% above spot
    Absolute bargains imo.
    In common with all my purchases from them, I'm using their vault facility and will take delivery of several purchases rolled up into one, which should be a massive saving on top of the (imo) market leading cheap prices. Expecting to take delivery of about 400oz in a couple of weeks!
     
  15. Like
    vand got a reaction from ApisMellifera in Today I bought.....   
    Just ordered some silver bullion from Celticgold, consisting of:
    - 2016 ASEs, 20.8% above spot (I have never seen them this cheap - normally they go for 25-27% above spot)
    - 2016 Somalian Elephants, 24% above spot
    - 2016 Kooks, 27% above spot
    Absolute bargains imo.
    In common with all my purchases from them, I'm using their vault facility and will take delivery of several purchases rolled up into one, which should be a massive saving on top of the (imo) market leading cheap prices. Expecting to take delivery of about 400oz in a couple of weeks!
     
  16. Like
    vand got a reaction from nightowl in Has Silver more monetary value than Gold   
    Gold is the, er, gold standard by with other monies are held against. Silver is also recognised as a monetary commodity and plays a crucial role. Much more than just "poor man's gold", it fulfills the role of being the preferred medium of exchange, while gold is the store of value. This point is important if you understand Gresham's law. People will hoard their most valued assets, not use them to barter and exchange. If silver wasn't used as money... something else would be, for gold cannot both be the best store of value and the preferred medium of exchange.
  17. Like
    vand got a reaction from nightowl in Has Silver more monetary value than Gold   
    Gold is the, er, gold standard by with other monies are held against. Silver is also recognised as a monetary commodity and plays a crucial role. Much more than just "poor man's gold", it fulfills the role of being the preferred medium of exchange, while gold is the store of value. This point is important if you understand Gresham's law. People will hoard their most valued assets, not use them to barter and exchange. If silver wasn't used as money... something else would be, for gold cannot both be the best store of value and the preferred medium of exchange.
  18. Like
    vand got a reaction from ApisMellifera in Dave Ramsey - Advice on investing on Gold & Silver   
    Well, if he's going to not recommend it based upon it's past performance he should at least get his numbers straight. He reckon's gold has returned 2%pa over the last 50 years. If that were correct he may have a point, but the actual true figure is some like 7.5%pa. 
    But hey, mainstream investors shunning gold is just what we need. Precious metals are the most hated investment class in existence at the moment. By the time this guy is on the bandwagon gold and silver will be many multiples higher than they are today. 
     
  19. Like
    vand reacted to Bumble in Silver Monitoring Thread £ only.   
    For those who like to watch the gold/silver ratio, what we saw in Jan/Feb was gold lurch up and leave silver behind, and now silver has caught up.
  20. Like
    vand reacted to Bumble in Gold market might never be the same again   
    I'm sure it's correct to say that China owns a lot more gold than the amount they publish as being in their foreign exchange reserves. For one thing, they may own gold within various institutions and have decided not to classify this as exchange reserves. Also, they have been pursuing a policy of 'storing gold with the people' by encouraging their citizens to buy gold jewelry. One commentator I read recently estimated that 70 to 75% of the gold China acquires is turned into jewelry and sold at retail. This would help explain the huge mismatch between the amount China buys and mines, and the amount of foreign exchange reserves. But China still needs to have official reserves on a par with those of the USA: until those official numbers reach 4000+ tonnes, I don't see China making any move to challenge the hegemony of the dollar. A more modest, but more plausible, aim is for the yuan to become the currency of choice for trade, especially within Asia. This photo, snapped in Thailand, indicates that intention.

  21. Like
    vand reacted to Nugget in Investing In The Stock Market For Total Beginners   
    The vast majority of people would be best served by investing in index/passive funds via tax efficient vehicles (Pensions/ISA's) as this will reduce costs (fund manger/dealing commissions/portfolio turnover rates, to name a few) whilst providing a great deal of diversification and reducing taxes levied against gains made. For the average investor pound cost averaging should not be ignored (by monthly regardless of price as its a long term objective) and time IN THE MARKET is important! TIMING THE MARKET is not easy month in month out, year in year out, over 10,15,20,25,30 years.  Those new to the world of investments, or those that believe they can constantly beat the markets should have a read of W. Buffett's books and those of his mentor Mr Benjamin Graham.  
    I wont post my investment accounts but I can state my investment management charges are 0.24%, 0.1% and 0.23% for the funds I am using and the platform fee is 0.33% per annum.  There are no other charges levied against my holdings.  My S&S ISA is up net of costs 4.67% YTD, SIPP is up 11% net of charges.  
    Wife's sipp is up 11.14% net of charges which are; 0.1%, 0.22%, 0.25% and 0.24% (plus the 0.33% platform charge).
    I will at this point state that I work within the industry above and nothing I have stated above constitutes financial advice.
  22. Like
    vand reacted to PureGold in Gold market might never be the same again   
    @HawkHybrid to end the dollar being the worlds reserve currency which puts them at an unfair advantage over China and the rest of the world when all there doing is creating war and debt which will suit the elite as they want a one world currency 
  23. Like
    vand got a reaction from ApisMellifera in gsr nearly 85   
    GSR now 72.x... Priced in gold, silver is now up 16% since late February. I think we will likely see a 80-100% trough-to-peak move at which point I will aim to exchange most of my silver for gold. Might take a couple of years to get there. Enjoy the ride in the meantime.
     

  24. Like
    vand reacted to Cornishfarmer in Seen Any 2016 Designs?   
    Pity about stock horse, the first 2 years started with attitude and embraced the stork horse. Now they seem to have tamed the pony down by jumping last year now it's having a graze. So many other places they could go with designs
  25. Like
    vand reacted to HawkHybrid in Silver Monitoring Thread £ only.   
    physical holdings should play the long cycle.
    paper trading should play the shorter cycles.
    if one trader gains it means another trader loses.
    unlike investing where all holders can gain or lose
    at the same time.
    allocated silver has it's place but may not be most
    suitable for everyone.
     
    HH