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Hi Lodan1
Sorry for the late reply - I've been out all day getting my car fixed that was serviced 2 weeks ago!
Well done on those Centamin prices. Why I didn't add even just an extra 10% at £1 to my core holding, is beyond me. I say that because a few years ago, I received some advice from a Chairman and Managing Director of a gold mining plc about investing in gold. His view was to drip feed some money into the shares when I thought they may have bottomed and that way you'd get a nice, low average. You seem to be able to do that. Anyway, I got my lot now and ex div is on the 20th May, so not long to wait.
One of the good things Maggie Thatcher did was to encourage wider share ownership. If you've ever worked for large plcs, you'll know about share save and share match schemes. I think they are great and essentially introduced me to the world of shares.
Take my advice, Lodan1. Stay 35 years old.
Regards
Aoife
Inflation is a very loaded term for economists, with plenty of debate around exactly what causes it and the best way to define it. But when most people hear the word “inflation”, they think about rising prices.
Understanding what’s happening to prices is very important. Measuring price inflation can help us to spot where potential problems might be building up in the economy. For example, rising prices might indicate shortages or bottlenecks. Falling prices might imply a collapse in demand. However, even then, getting a proper view on what’s happening to inflation depends on exactly which set of prices you are trying to measure.
https://moneyweek.com/investments/investment-strategy/producer-price-inflation-and-consumer-price-inflation
Lodan.
At age 35 you are fortunate for many reason's, having the spare cash to invest, having great investment opportunity in a good company that will grow and pay you dividends and above all the time to wait!
So pile it all into your ISA , reinvest the dividends and then sit back , who knows you may be able to retire at 55 and forget the markets !
Tibbs
Arfur I loaded up after the results had buys at 102, 103, 104 and 106. I believe gold will go up and with no existing debt and better leadership cey are in a great position to grow in a bull cycle. I've put in more than I want to loose but at 35 I believe I'm still young enough to take a calculated gamble. I hope one day to welcome cey into the ftse 100, I've got no timeframe as long as the story still feels compelling ill hang around. Good luck to us all
Yes Mr T. In hindsight I should have bought the other day when Centamin hit almost £1 again. Never mind, I've got a nice holding now in an oversold company that's looking good for the future. I'll just hold now and reinvest the dividends, which, according to my broker's platform is 8.6% at the moment. I can't find anything better than that - what's not to like?
I do tend to over analyse- you may have noticed. But your post this morning and all the recent posts and videos made me say to myself: would I pick up the phone now and sell my gold? Of course not - who in their right mind would? As RazorEdge posted later, it will take just an RNS to make the price head north and I'll be left playing catch-up.
I'll write a little on the bitcoin question tomorrow.
Have a nice evening all.
Aoife
Hi Bonker,
So glad that you have kept the faith!
Hi Afur,
Hindsight is always a great thing, I too would be very rich if I had jumped in Bitcoin around the value's you mentioned, who could have guessed that it could have risen to these levels
Bitcoin has no intrinsic value; it never did and never will. It is a purely speculative asset—a private fiat currency—whose value is whatever the markets say it is.
But bitcoin is also a socially wasteful speculative asset, because it is so expensive to produce.
Thing to ask yourself is do you trust the Cartel & markets not to find some way of manipulating Bitcoin, the notion that they won't be able to is popular opinion, amongst it's holders that is, , but I remain very sceptical because they are bound to find a way to manipulate it's value, they may even be doing it now,former BOE Governor Mark Carney hinted at this in one of his lectures on the future of money.
I'm not in bitcoin, but if I had been then I would be getting out now and putting the funds into something like physical gold, Kinesis or Centamin!
As I said I did the latter this very morning like you, unless I'm very wrong we and all the Centamin holders won't regret their decision.
But of course as we know hindsight is a great thing!
Tibbs
Down side to Gold is very limited, as Central Banks will not make mistake this time. $2000 is psychological barrier, Gold should find range between 2000 and 2900
Price of gold is now in the blue! 1,745.25 after being down most of the day
We've had seven swings down in the gold price since last August. Gold is leading the others. No way could we get eleven swings in before Basel 3.
I set up a Bitcoin account on Coinfloor a few years back and bought a Yobico key - quite expensive - to practice cryptocurrency trading. I listened to the 'experts' - Bitcoin will never make it. I think 1 bitcoin would have cost about £400 if memory serves. I did nothing about buying it or using the account. Another bl@@dy lost opportunity. I'd be very rich now if I'd only used my intuition. Having read Mr T's post this morning about buying more Centamin, I followed. I just need to stop dithering and, perhaps, listen more to the young.
A
Also added - we know those CPI stats are at a bare minimum half of what they really are but if even the Money Changers are admitting it now then it looks like a one-way bet.
Big targets for gold down the line of course, not this +-c$50 noise we've had recently ...
GLA
Good call Arfur :-)
It's only the start of things. I added this morning - nice dividend to look forward to.
Yes, slight but still up at 2.6 from est. of 2.5 hence positive move for gold.
The numbers were only slightly above the consensus estimate - so no rampant inflation...yet. Wouldn't surprise me if the rise in gold price is fairly short lived for now.
Inflation CPI in at 2.6%Today 13:48
Us ten year yield @1.67%
Negative real rates are here.
Gold on its way up again :)