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Bloggsy, buying physical gold is Speedy's expert subject on this forum.Viewing his posts would give a great insight and more.
Viking
Viking, I know quite a few people buying physical gold, I would love to but all my money tied up in instruments that you can't do it. But it would probably be a subject many on here would like to know more about as I believe it is the best way to own it.
Eastender - come on you Irons!!!! Now just waiting for GGP news!!!!
HI East Ender it was great to meet Speedie and share a couple of pints with him and his wife, really good indeed to share his knowledge of physical gold and also discuss all and sundry, very pleasant indeed. So yes I am up for another meet and also hope that others may join as well.
Take care
Viking
Viking/Speedie, don't forget to post details of your next discussion along the front, would like to join you... unable to today as watching the Irons bash out some Spurs in the Stratford Oval !
Hi Speedy, see you in an hour for some liquid gold!
Best
Viking
Hi HIInvestor. I have just read your post 20:36 yesterday. You refer to experts predicting a collapse. If the fall in the USA $ from $40/oz to $2000/oz in 50 years is not a collapse then what is? I agree that QE is not really money printing but those massive amounts filter down into the economy via false profits from an over valued stock market. The amount of $s that go towards gov deficit spending is also filtering down into the economy. Some of the present inflation rates can be attributed to supply chain issues but a lot is due to this filtering down. The IMF, BIS, FED and govs around the world are distorting markets to suit there agendas and free market pricing is not happening, just look at house prices/rents this is not due to supply chain issues it is due to gov intervention. The sooner govs stop fiddling around with the markets the better. ATB Speedy
Irons & tymers, 100% agree, it has been very pleasant just reading opinions being debted and challenged in a friendly manor, cheers to all
Agree totally Tymers - it’s been an enjoyable read of the Board this weekend - thanks to all contributors!!
Hi Speedy, totally agree with your assessment. A few days ago the IMF distributed 630 billion SDR to around 120 countries and i think is one of the reasons Gold and Silver were dumped. I also think the IMF are keeping gold price in a range +/- 3% with the SDR by selling SDR or buying gold and this is the reason why the POG is ranging where it is. So the biggest banker could be controlling the POG at the moment. Ciao DM
Hi All. Very interesting debate about gold and how folks see it. For me it is easy, i will hold my physical gold until interest rates return to a meaningful measure above inflation. That is not to say i will not have a small play with BTC, but it will be small. ATB Speedy
Macro, yes that is what l thought, but thought ide ask, you never know, thanks
I have seen a few interviews saying pretty much the same
There's no alternative for physical gold for me. Physical gold is my insurance policy, you never know how crazy things can get out there!
Marco, all my investments are in isa or Sipp is there a way to buy physical or something representative of physical in my trading instruments
Both physical gold and exponential opportunities such as GGP, hopefully we'll get some nice dividends further down the road.
Macro, when you say park your cash in gold do you mean buying physical gold
Yes, very true, but real rates are realistically at minus 5%. I think I'll park my cash in gold, gold miners, commodities and crypto. The only way they can lower the debt burden is with sevaral years of double digit inflation along with capping bond yields at a low rate. The other option is to default, but can't see them doing that.
@Macrothinker - what are the yields on gold and crypto…? Asking for a friend, obvs…
With central banks unable to raise interest rates to any meaningful level due to the size of the debt, the bond market is dead! The bond market has a global market cap value of approx $128 trillion.
Gold market cap appox $11 trillion, Crypto market cap approx £2 trillion which means potentially $115 trillion will need to find a new home, that's plenty to go round for both Crypto and Gold, with what's lies ahead I don't think one competes with the other, they can both shine..
Good to see the rampers and de rampers off this bb , allows for genuine investors to communicatte without the relentless bickering. Well done LSE
@HIInvestor said: “I don’t know what will happen but I’ve watched enough interviews of “experts” predicting financial collapse since 2000s which hasn’t happened but constantly preach “this time”
When watching interviews from people who sell precious metal, just remember it is possible there’s a bias in what you are being presented.”
This. 100x over.
Crypto is certainly taking money which would have otherwise gone into precious metals.
I’m like most on here, I really don’t like the concept of crypto just doesn’t make sense and have never had any interest in it. I like precious metals, own physical (not as investment but insurance for a crisis situation).
Ive reassessed my goal?
I want to achieve financial independence which will give me and my family choice about what we do for work, where we live and how we spend our free time.
I have a £target to achieve this goal.
So I’m Diversifying my portfolio (I am NOT going all in on crypto, recognise the high volatility) but diluting my significant position in one asset gold.
What if gold trades in a sideward pattern for next few years and I have >70 of my portfolio pegged to that. I don’t know what will happen but I’ve watched enough interviews of “experts” predicting financial collapse since 2000s which hasn’t happened but constantly preach “this time”
When watching interviews from people who sell precious metal, just remember it is possible there’s a bias in what you are being presented.
I made a comment on one such accounts which challenged what the expert was saying and my comment which was respectful but stating an opposite opinion with a reference was deleted before I was able to post comment. Alarming that they don’t want to hear any differing opinion.
These promoters who have a vested interest in promoting commodity typically refer to QE as brrrrrrrrr print which is actually nonsense. Be objective and try search out opinions from all sides of an argument, you can then make an informed decision.
recognise that nobody knows what the future holds.
I’m still in GGP, really looking forward to the next 3 years as company grows or is taken out by a major.
Good luck to all ????
The printing of money is totally out of control and not sustainable. It may continue for a little longer but some form of re-set will be required. Hundreds of Trillions of sovereign debt mixed with underlying real inflation is about to ignite the fuse.
Btc had only showed a return o nlong term investment very few if any have achieved the same. After all it's about r.o.i. remove the blinkers and join what is the new generation of investers its quite.liberating!