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vand

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  1. Like
    vand got a reaction from Frenchie in Pep talk: don't sell your PM now   
    BUMP.
     
    You all know my recommendation on what to do as we see gold hitting new GBP All Time Highs: ABSOLUTELY NOTHING.
     
    Sit on your hands. This bull market has many, many years to run. Go back and read the whole thread  - nothing at all has changed. We are going multiples higher, and it has very little to do with Coronavirus or whatever the scare story of the day is.
     
    If you want to be one of the miniscule number of people who build long term wealth then you cannot be tempted to cash in a relatively puny 10% move. Leave that for the traders. Wait for the 500% move. That is how real wealth is made. 
     
  2. Like
    vand got a reaction from Cointreau in Chart Of The Day thread   
    COTD is price of gold divided by the price of the Vanguard world index total return fund, which is, imo, a much fairer valuation of gold than the more widely used dow/gold ratio. 
    Gold has just about been holding its own against a raging stock market over the last couple of years. Are we about to head back up?
    On this measure gold is about the same valuation relative to stocks as it was during 2003-2005.

  3. Haha
    vand got a reaction from Abyss in Gold Monitoring Thread £ GBP only   
    @Wonger @Wonger @Wonger @Wonger
     
    You have been suspiciously quiet in recent weeks.
    How's those shorts holding up?
     
    GDXJ has broken above last year's high. Another tickbox marked off.
  4. Super Like
    vand got a reaction from 5huggy in Gold Monitoring Thread $ (USD) only   
    Look at the Gold in EUR chart!
    http://schrts.co/zVCzBKhx
  5. Haha
    vand got a reaction from sovereignsteve in Gold Monitoring Thread £ GBP only   
    @Wonger @Wonger @Wonger @Wonger
     
    You have been suspiciously quiet in recent weeks.
    How's those shorts holding up?
     
    GDXJ has broken above last year's high. Another tickbox marked off.
  6. Like
    vand got a reaction from Zhorro in Gold Monitoring Thread £ GBP only   
    The cartel are losing grip of the market here.
    Gold has decisively broken out of its consolidation pattern and continues setting new 7 year highs and silver is breaking out past the important $18.40 level. 
    There could be quite a lot left in this rally as the shorters are forced to cover.
  7. Like
    vand got a reaction from FunkyChicken in Gold Monitoring Thread £ GBP only   
    Dunno what your definition of a bull market is.
     
    Gold's current USD price:
    - New 7 year high
    - 52% advance off the last major low
    - Above an upward sloping 233dma
     
    Things only get more favourable if you measure in GBP or most other currencies.
    You'd struggle to find another anything else fitting those parameters that people would say isn't in a bull market, and even factoring in inflation it doesn't really change anything over the timeframe.
     
  8. Like
    vand got a reaction from Goldfinga in Gold Monitoring Thread £ GBP only   
    Let's have it again:

     
    The secret to mastering the markets is very simple but also paradoxically hard: just find a bull market, get long, sit on it, and have the patience to ride out the corrections 
    Gold is undoubted in a bull market. Get long, sit on your hands, and enjoy the ride. It's early days. We are still the the "Stealth" phase where it's basically overlooked by everyone except the people who follow it closely.  We still have to reach the institutional phase, never mind the public awareness or mania stage. You will know when its time to get out because by that time gold will be a very popular investment by the mainstream.
  9. Like
    vand got a reaction from goldmember44 in Gold Monitoring Thread £ GBP only   
    Dunno what your definition of a bull market is.
     
    Gold's current USD price:
    - New 7 year high
    - 52% advance off the last major low
    - Above an upward sloping 233dma
     
    Things only get more favourable if you measure in GBP or most other currencies.
    You'd struggle to find another anything else fitting those parameters that people would say isn't in a bull market, and even factoring in inflation it doesn't really change anything over the timeframe.
     
  10. Like
    vand got a reaction from goldmember44 in Gold Monitoring Thread £ GBP only   
    Let's have it again:

     
    The secret to mastering the markets is very simple but also paradoxically hard: just find a bull market, get long, sit on it, and have the patience to ride out the corrections 
    Gold is undoubted in a bull market. Get long, sit on your hands, and enjoy the ride. It's early days. We are still the the "Stealth" phase where it's basically overlooked by everyone except the people who follow it closely.  We still have to reach the institutional phase, never mind the public awareness or mania stage. You will know when its time to get out because by that time gold will be a very popular investment by the mainstream.
  11. Like
    vand got a reaction from Zhorro in Gold Monitoring Thread £ GBP only   
    Dunno what your definition of a bull market is.
     
    Gold's current USD price:
    - New 7 year high
    - 52% advance off the last major low
    - Above an upward sloping 233dma
     
    Things only get more favourable if you measure in GBP or most other currencies.
    You'd struggle to find another anything else fitting those parameters that people would say isn't in a bull market, and even factoring in inflation it doesn't really change anything over the timeframe.
     
  12. Haha
    vand reacted to Paul in Gold Monitoring Thread £ GBP only   
    Silvers broken £14oz to, were off to the moooooon!!!!!!!
     
  13. Like
    vand got a reaction from Bullionaire in Chart Of The Day thread   
    Stocks could beat even the most optimistic forecasts in the next decade:

     
    https://ofdollarsanddata.com/the-investors-fallacy/
  14. Like
    vand got a reaction from 5huggy in Chart Of The Day thread   
    Stocks could beat even the most optimistic forecasts in the next decade:

     
    https://ofdollarsanddata.com/the-investors-fallacy/
  15. Like
    vand got a reaction from Abyss in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  16. Like
    vand got a reaction from JunkBond in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  17. Like
    vand got a reaction from AgCoyote in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  18. Like
    vand got a reaction from Stu in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  19. Like
    vand got a reaction from Ablist in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  20. Like
    vand got a reaction from Tn21 in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  21. Like
    vand got a reaction from goldmember44 in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  22. Like
    vand got a reaction from Stacker2020 in Pep talk: don't sell your PM now   
    I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
    Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
  23. Like
    vand got a reaction from Derv in Goal - Financial Independence In Ten Years   
    Some further insight into The Millionaire Next Door's wealth formula (I love RPF btw):
     
  24. Super Like
    vand got a reaction from Bullionbilly in Goal - Financial Independence In Ten Years   
    Nothing inherently wrong with spending money, but spending money isn't what brings happiness.
    Our hedonic adaption mechanism ensures that we adjust and return to a "base level" of happiness and contentment despite whatever is going on. Hence people who have eg suffered loss of a limb are not particularly less happy than they used to be when fully abled bodied.
    Recognising the truth that money, while it may bring convenience and safety, doesn't bring sustained happiness, is the "penny dropping" revelation. What money enables is freedom - freedom to do what you want, be where you want, spend your time with whom you want - those things are I value much more highly than material posessions, the accumulation of which ironically encroaches upon your ability to attain those freedoms.
  25. Thanks
    vand reacted to AuricGoldfinger in Goal - Financial Independence In Ten Years   
    @vand Finally got a copy if The Millionaire Next Door for Christmas. Actually got two copies as accidentally asked for it from my partner and mum! So far such a fascinating read, it’s really in line with my views on reaching FI and also the perception of wealth.
    I always find it so odd that people gauge how well they are doing by the money they have just SPENT. Spending £XXXX on for example a car doesn’t make you £XXXX richer, it just makes you £XXXX poorer!
    If you can spend £XXXX on an investment or asset, ideally that will produce a modest £X in income or growth, thats when you can get get excited, and hopefully richer. Problem is, if you’re smart you’ll keep it to yourself, unlike the guy who everyone thinks is all of a sudden so rich because of the shiny new car that is actually making him poorer.
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