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vand

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  1. Haha
    vand got a reaction from stackerp5 in Sold all my gold, got stung   
    Worst move ever.
    Unless you needed cash for something immediate (in which case, you made stacker mistake #1 and didn't build a cash reserve) makes no sense at all. Just shows the breathtaking misunderstanding of the role of gold, even amongst many so-called stackers.
  2. Like
    vand got a reaction from JohnA1 in Sold all my gold, got stung   
    The OP had absolutely no business buying gold in the first place as it was clear that he did not understand the nature of gold, and you should never invest in anything you don't understand. 
    But that's alright... there isn't an investor alive who hasn't made a tonne of screw ups. It's how we learn. I have learnt more from my failures than I have from any of my successes. 
  3. Like
    vand got a reaction from JohnA1 in Sold all my gold, got stung   
    Worst move ever.
    Unless you needed cash for something immediate (in which case, you made stacker mistake #1 and didn't build a cash reserve) makes no sense at all. Just shows the breathtaking misunderstanding of the role of gold, even amongst many so-called stackers.
  4. 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.
  5. Like
    vand got a reaction from HonestMoneyGoldSilver in Pep talk: don't sell your PM now   
    Is anyone still a believer?
    Because we are going to see an unbelieveable move in the price of silver soon.
    Remember the shakeout of 2008? Of course you don't. I don't blame you.. Silver was just another asset that got smashed as the economy went off the cliff, going from $20 to $8.
    Silver has ALWAYS been incredibly volatile. That is why I never advise anyone to put all their money, or even the majority of their money into silver or even anything else, even if you believe it is the best buy in town.
    We all know what happened in the aftermath of the financial crisis, as the economy reflated the PMs took off, and silver went all the way to $50. The world was a changed place.
     
    Today the world is a changed placed. Fundamentally, everything the soft-money critics had warned about is now happening. Unlimited bailouts, and helicopter money. Sovereign default is assured. It will take another few years for non PM holders to finally understand that you can't print your way out of a crisis.
    In this new world, money takes on a different meaning. 
  6. Like
    vand got a reaction from HonestMoneyGoldSilver in Pep talk: don't sell your PM now   
    A plea to you all: sit on your hands.
    We stand on the breakout of what will very likely be one of the greatest bull markets of our lifetime. Think about what has happened over the last 10 years: unprecedented level of stimulus into a monetary system that is no longer fit for purpose. This is much worse than the abuse of the system that drove the prior PM bull markets of 1971-1980 and 1999-2011. 
    The fallout from this crazy experiment will drive the price of gold by similar factors over the next decade, just as it did during the previous bull markets. Bull markets always run longer and further than nearly all their early adopters think is possible.
    PMs will be valued many multiples higher in the years to come. Scoot on over to a "mainstream" investment site like MrMoneyMustache or MoneysavingExpert and gold doesn't even figure on the radar. They are ALL about passive index funds and chasing the stock market. They worship VTSAX. If you are lucky you might find someone holding 20% bonds. They won't even look at gold until it has at least doubled from current levels, and even then they will be some of the earlier adopters. 
    There will come a time to sell your PMs and buy something that is better value, but that time is still years away. It will be when everyone thinks it is a good time to be overweight on gold, when Dow/Gold is somewhere between a half to a quarter of its current level.
  7. Like
    vand got a reaction from EdwardTeach in Gold Monitoring Thread £ GBP only   
    Both gold and FTSE with a percent or so of their all time highs. Surely nothing to do with ongoing debasement of the currency. 
  8. Like
    vand got a reaction from Roy in Gold Monitoring Thread £ GBP only   
    Both gold and FTSE with a percent or so of their all time highs. Surely nothing to do with ongoing debasement of the currency. 
  9. Like
    vand got a reaction from AuricGoldfinger in Gold Monitoring Thread £ GBP only   
    Both gold and FTSE with a percent or so of their all time highs. Surely nothing to do with ongoing debasement of the currency. 
  10. Like
    vand got a reaction from Stuntman in Gold Monitoring Thread £ GBP only   
    I keep a watching brief.

    Greetings to long and loyal PM fans. Stay the course. If you have a well balanced portfolio you should not be tempted to tinker with it just because one component is going well.
  11. Like
    vand got a reaction from Tn21 in Gold Monitoring Thread £ GBP only   
    I keep a watching brief.

    Greetings to long and loyal PM fans. Stay the course. If you have a well balanced portfolio you should not be tempted to tinker with it just because one component is going well.
  12. Like
    vand got a reaction from AuricGoldfinger in Gold Monitoring Thread £ GBP only   
    I keep a watching brief.

    Greetings to long and loyal PM fans. Stay the course. If you have a well balanced portfolio you should not be tempted to tinker with it just because one component is going well.
  13. Super Like
    vand got a reaction from FlorinCollector in Gold Monitoring Thread £ GBP only   
    I keep a watching brief.

    Greetings to long and loyal PM fans. Stay the course. If you have a well balanced portfolio you should not be tempted to tinker with it just because one component is going well.
  14. 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!
  15. Like
    vand got a reaction from Kmc in Silver Monitoring Thread £ (GBP) only.   
    RSilver and RGold is just how far price is away from the 200day simple moving average. 
    https://www.sunshineprofits.com/gold-silver/dictionary/relative-gold/
  16. Like
    vand got a reaction from RedDragon77 in Gold Monitoring Thread $ (USD) only   
    When traders point out how correlated gold and Yen seem to be, I always sigh. Of course they are.. currencies are pairs trades, short one/long the other.
    When one currency is going down that tends to mean its going down against everything else.
    Gold/USD is partly a currency trade, and so the negative relationship is generally true, but like other currency pairs, and there can be periods were both trend together, just as USD and GBP can both get weaker against other major currencies.
    JPY/USD has about -0.9 correlated to Gold/USD
    AUD/USD has about -0.8 correlation to Gold/USD
     
  17. Like
    vand got a reaction from Kman in Gold Monitoring Thread $ (USD) only   
    When traders point out how correlated gold and Yen seem to be, I always sigh. Of course they are.. currencies are pairs trades, short one/long the other.
    When one currency is going down that tends to mean its going down against everything else.
    Gold/USD is partly a currency trade, and so the negative relationship is generally true, but like other currency pairs, and there can be periods were both trend together, just as USD and GBP can both get weaker against other major currencies.
    JPY/USD has about -0.9 correlated to Gold/USD
    AUD/USD has about -0.8 correlation to Gold/USD
     
  18. Like
    vand got a reaction from Booky586 in Silver Monitoring Thread £ (GBP) only.   
    Recent price action is nicely supportive, as we are still around £20 and the moving averages are catching up. 
    The r-Silver ratio has already contracted from 1.65 to 1.4. My guess is that we're probably still closer to the start of the correction than we are to the end of it, and another few weeks are probably needed.
    I have money ready to deploy but not in an immediate hurry.
  19. Like
    vand got a reaction from GrahamDiamond in Silver Monitoring Thread £ (GBP) only.   
    Recent price action is nicely supportive, as we are still around £20 and the moving averages are catching up. 
    The r-Silver ratio has already contracted from 1.65 to 1.4. My guess is that we're probably still closer to the start of the correction than we are to the end of it, and another few weeks are probably needed.
    I have money ready to deploy but not in an immediate hurry.
  20. Like
    vand got a reaction from Robda1986 in Silver Monitoring Thread £ (GBP) only.   
    Recent price action is nicely supportive, as we are still around £20 and the moving averages are catching up. 
    The r-Silver ratio has already contracted from 1.65 to 1.4. My guess is that we're probably still closer to the start of the correction than we are to the end of it, and another few weeks are probably needed.
    I have money ready to deploy but not in an immediate hurry.
  21. Like
    vand got a reaction from Rll1288 in Silver Monitoring Thread £ (GBP) only.   
    Recent price action is nicely supportive, as we are still around £20 and the moving averages are catching up. 
    The r-Silver ratio has already contracted from 1.65 to 1.4. My guess is that we're probably still closer to the start of the correction than we are to the end of it, and another few weeks are probably needed.
    I have money ready to deploy but not in an immediate hurry.
  22. Like
    vand got a reaction from SilverMike in Gold Monitoring Thread $ (USD) only   
    Price action suggests a very real chance we will move above the recent high rather than go below the recent low. With gold at $2000 right now I think it’s a coin flip whether we see $2200 or $1800 first.
  23. Like
    vand got a reaction from KDave in Gold Monitoring Thread $ (USD) only   
    Price action suggests a very real chance we will move above the recent high rather than go below the recent low. With gold at $2000 right now I think it’s a coin flip whether we see $2200 or $1800 first.
  24. Thanks
    vand got a reaction from Goldmansacks in Gold Monitoring Thread $ (USD) only   
    Price action suggests a very real chance we will move above the recent high rather than go below the recent low. With gold at $2000 right now I think it’s a coin flip whether we see $2200 or $1800 first.
  25. Like
    vand got a reaction from dicker in Gold Monitoring Thread $ (USD) only   
    Price action suggests a very real chance we will move above the recent high rather than go below the recent low. With gold at $2000 right now I think it’s a coin flip whether we see $2200 or $1800 first.
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