Member Info for Bunky1981

Assuming you're referring to the Makerfield result, I'm inclined to agree. I haven't heard a single thing from either the incumbent PM, or what now appears to be out next PM, that in anyway encourages growth, wealth or ambition. Not one thing.

Happy to be corrected, in fact I'd welcome it. But I anticipate higher taxes, more wealth erosion of the middle earners and, most importantly, absolutely no tangible improvements in public services. I find it very very depressing.

I think we must first wait until Friday to see if this memorandum of understanding actually holds up in the face of the ginger nut's daily whims. Hopefully they'd sedated him enough to keep him off his phone until the grown ups have signed something and we can consider the Strait to actually be open... for now. Sorry to be a party pooper, but I always prefer to assume the worst and then work backwards from there :)

THEN we can get excited about the next 30-90 days.

BlueToff. This really is the most bizarre thread. All I asked was somebody to expand on their prediction. I don't know who you are or why you're replying to me, but based on your post history, you appear to be a rather unpleasant man who likes picking fights and has recently lost a lot of money on another investment. So you'll forgive me for not taking you seriously. If I'm going to get an uninvited and condescending reply from somebody, then I do ideally prefer them to be a winner. Cheers.

Wouldn't bother filling your freezer, you won't be able to pay the electricity bill.

Hi Speedy. With the greatest of respect, the citizens of Weimar Germany are not around to ask. They're also not the ones predicting 20% inflation in the next 12 months and the inevitable collapse of fiat currency. You said earlier "We are in the 21st century. No need to slice bits of gold off to buy groceries. That argument is well and truly finished".

All I'm asking is if you could explain your statement. How would somebody without gold buy their food, if GBP is valueless? I'm genuinely curious and I do like to undersatnd other people's perspectives. It's how we learn. I may not agree, but I'd like to understand how you envisage daily life working in practice.

I don't doubt that inflation can hit dizzy heights. It was only recently we (officially) had 10% after covid, and that was only 1 year. I also don't doubt that inflation figures are dampened. 1981 is my date of birth but I am more than au fait with hyper inflation and the decades before. All these things could potentially happen again of course.

But I just cannot get my head around what happens in practice, when 95% of the country have no phyiscal gold. Speedy, you say it's the 21st century and that we don't need to be shaving bits of gold off to pay for a loaf of bread, but I genuinely don't understand what happens then?

I'm honestly not writing this argumentatively. I sincerely want to know what it looks like on a daily basis for Joe Bloggs (95%+ of the country) who don't have a gold brit in a floor safe at home. What will happen to those people?

Gold bugs have been predicting the collapse of fiat currency for decades, alongside a dystopian future where we're apparently shaving bits of gold from a coin to pay for our groceries at Tesco.

I'm not saying the global economy isn't a mess, because it is. However, the phrase 'too big to fail' springs to mind. I may be wrong, I may be right, who knows. But I find the notion of 20% inflation over the next 12 months incredibly unlikely. Let's hope you're wrong Speedie, because it would be the mother of all Pyrrhic victories if you're right.

I'm also here for LoggyBot's shrewd investment strategy. Onwards and upwards to £37!

Fantastic update.... which means we'll presumably drop 5% overnight, as per the GGP rules ;)

Somebody mentioned this on the GGP board. That's why I'm here having a little look.

That's a great chart Paddy, thanks. As you say, it really gives a visual of how mega that update is. Somebody somewhere must be kicking themselves to letting us get this for a song.

@Victor - what do you want him to say? What could he possibly say?

"there's a war going on. I have no control over it. Every stock on the planet (including defence stocks) is tanking. If anybody needs me, I'll be over here getting on with my job and trying to mine as much gold as soon as possible... but not before I've spent an hour of my precious day talking to the PR team about putting out a tweet to calm Victor down".

@Victor

I imagine (and hope) that he's just cracking on with what matters... which is a gold mining company in Oz. Not wasting time wondering when Trump will inevitably TACO on his latest short term political mess.

Sage, thanks for replying and yes I do understand that.

In very simple terms, I suppose I was saying that I don't think the current middle east upward pressure on gold will last all that long (famous last words), whereas the increases in POG for the last couple of years before it all kicked off felt more justified.

But I think in reality I'm asking 'how long is a piece of string'. So it was really just conversation and debate around how much conflict in the middle east could affect POG in 2026 and therefore our SP, rather than actually trying to hold a firm opinion or prediction.

Well this is it, isn't it. Lots of good news to come for the company this year, regardless of POG.

As you say, if Iran runs to the summer (and/or beyond), then I suppose it's going to be impossible to work out how much of an SP increase is based on the company itself and how much is based on the M/East potentially spiking POG.

For the first time in a while, I personally feel it's fair to say with the activity in Iran, there is an artificial push on the SP due to gold. Not massive, but certainly present. For the last x years I think we mostly agree that the SP rise is due to well deserved fundamentals and 'ongoing good news'.

So this current bump (and I'm carefully calling it a bump, not a bubble) could artificially inflate the SP a bit over the next 2, 6, 12+... months. That when middle eastern conflict eases, the SP could settle back down to being based on fundamentals again. Not massive swings, but potentially notable.

That's made me ponder if, for the first time in half a decade, and with a very healthy unrealised gain, I should/could consider taking some (maybe about 20%) off the table.

The logic being that if it continues to rise, I'd have still made a 5x profit on that sale and would hardly cry about that. But if it then fell 15%+, I would be quite happy to buy back in again. Both outcomes being acceptable.

As a committed LTH/investor and having no interest in trading, this is unusual for me. My philosophy is to hold a position long term, and then exit without looking back. But the events over the weekend have made this a little more interesting.

These are just my musings. I'd be curious to hear any other views, as I sit here, afflicted with FOMO for the first time in years.

Yes I'm not sure Zimbabwe is the benchmark, but fair enough. Without artisanal gold mining in the UK (as they have in Africa), I suspect a couple of shotguns, good medical supplies and a few thousand boxes of buckshot would be far more valuable than gold. Well... unless your local law enforcement are happy to accept a pinch of gold dust instead of a salary.

I'm being silly of course, but I just don't see it. Ever. Let's hope I'm right!

I do find these posts a bit over the top.

If fiat currency is worthless, and equities are going to be worthless… then holding gold isn’t going to help you during the dystopian apocalypse. Well, unless Tesco start accepting gold shavings as payment.

I'm not a car person, at all. In fact the idea of an expensive depreciating asset, with massive running costs, goes against every one of my financial principles.

However, that might be the one car that I review my position for. Oof. That really is beautiful.

Personally I hope they never pay a dividend. I'd much rather the profit was retained and either reflected in the SP at a preferable CGT rate compared to Divi tax rate... or even better, reinvested to grow the company for an ever greater return. If you need 3% per year, just sell some shares that would otherwise be worth 3% more than the ex-dividend SP.

Have never and will never understand the UK's obsession with bleeding the cow instead of growing it. One of the few things that we could learn from the yanks.