We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Once the recession starts to bite there will definitely a flight for safety. Gold and Silver will be the place.
With all the turmoil going on and the low bank interests on deposits, investors will not buy consumer goods, oil or housing stocks. PM will be the only decent refuge to investors.
Radvalve: agreed, which is why you need to time your exit out of miners & into physical metals. Get it right, & you can profit from both sides of that trade. Is mot something any of us want to get wrong. Personally, I'd rather be months too early than a single day too late.
One final thing of note: I don't believe there is any historical precedent for our government (ANY government) forewarning its citizens of such an event. Let's not forget that, in the midst of the GFC, we were told "nothing to see here. Run along now; there's a good citizen". Only later did the government & the BoE admit that we were 90 MINUTES from total financial collapse. I'd encourage everyone to think about that for a moment. You could go to watch a football match & everything is fine. By the time you come out of the stadium, it's too late.
The (bail-in) legislation that has been passed since the GFC is not designed to protect consumers. It hands your wealth to the banks (read "Resolving Systemically Important Global Financial Institutions" & the "Bank Resolution & Recovery Directive"). Note the wording. This is all legislation to favour the banks. The people (again) will be sacrificed to preserve the system that serves as both the wealth extraction mechanism & the tool of power for the elite.
I 100% agree but physical has to be the ultimate safe haven .If there is a monetary collapse the miners wont be able to get funds to extract it.Also it will be forcibly taken over by a corrupt state
We're currently in the longest economic expansion in history. The last person to claim to have ended boom & bust actually ended up looking like a 5* Wally. Boom & bust cycles are part of debt-based monetary system (if anyone here doesn't understand what our money is & how it is created, I'd encourage you to watch "Money as Debt" or "97% Owned" online).
Once you understand that (& it's one of the most important things you can learn, IMO), you'll recognise the scale of the problem. See also www.Demonocracy.info for a truly staggering (scale) perspective on the problem the world faces. If (like me) you have trouble visualizing just what a trillion £s looks like, this will show (& shock) you.
So, knowing all this, the question you have to ask yourself now is; is it different this time? Despite unprecedented intervention by Central Banks, I can assure you, it isn't (different). There WILL be another recession, & it will lead to another financial crisis. The scale of the global debt problem will ensure that, by definition, it will be magnitudes worse than the GFC. Indeed, 2008 will look like a teddy bear's picnic by comparison. We could even face a fiat monetary collapse.
If that sounds extreme, do a little more research: you'll find that in the thousand year history of fiat money, they've all gone zero. The only exceptions are the fiat currencies we use today, which are at various stages of collapse. The British Pound, for example, is actually the world's most successful fiat currency, but it's still lost 99.5% of its value since founded. Like Voltaire said, "eventually, all fiat currency returns to its intrinsic value: ZERO".
Gold & silver, on the other hand, have a 5000 year history as money, & as a store of value. They have value to this day, & in the coming recession / crisis / collapse, that value will be multiplied many-fold.
Miners, like Fresnillo, are an excellent way to leverage the rise in the price of precious metals....just remember to cash-out & get into PHYSICAL metals before TSHTF.
I'll make no price predictions on this share, nor even on the price of gold & silver, but (IMO) the price rises have to be at least proportionate to what happened in the last crisis...& then some.
Whilst recent underperformance is disappointing, I'm not concerned, & may even add to my holding. I also hold a selection or other "junior miners" in which I expect similar results.
None of us can stop what's coming, but you can recognise it & position yourself to profit from it. This will be a wild ride, everyone. We live in potentially unprecedented times.
GLA (we're going to need it).
I think Trump impeachment, the other problemin addition to US/China/Europe trade war, will linger for some time and this will destabilise the markets. In addition any agreement with China by the US will not change the economic weakness in Europe where the likes of Germany, Italy and France are at the threshold of a recession. The Brexit effect for the UK and Europe not being taken into account yet. IMO there is too much uncertainty everywhere to venture buying anything outside Gold and Silver stocks for the next 12 months.