Member Info for jollyspeculator

I am increasingly nervous about gold versus other asset classes.. ...Gold seems the (nearly) ultimate momentum play...useless except as store of value, with its price driven by speculation/fear (both factors in its favour in recent years and at times a generation ago) ...the speculative driver is self fulfilling...it goes up because speculators have seen it go up...this driver for pog works v well during financial repression (the mid/late 70s...where else to put your dosh, and this fiat currency thing is still rel new? & now... with policy driven low interest rates) ...I see the speculative driver as v weak now...look at the 40/50 year charts...when gold stops going up...it falls back v v v sharply (with a few relief rallies...look at the 80s)...ouch ...but THIS TIME IS DIFFERENT (the most dangerous phrase an investor can mutter) ...this time fear remains (unlike the Reagan sunlit times lol) ...but I hedge fear mostly through cash for deflation (unlikely imv...but the worst outcome for us all) and Jolly jewels/property for (?hyper in/stag)flation ...wot is the use of the barbaric relic?

u said it

we do indeed... ...perhaps...LT (but post gold standard) pog charts are not particularly encouraging...but history is bunk ...go well

looking at post gold standard pog charts doesn't really support your LT optimistic view of the barbaric relic...but as a st hedge against choppy next few years, goldies have a part to play in a diverse pf ...aaoo/dyor

not convinced by Her, Sid...constant dilution/fundraising

much long lol

is...? ...interested as ever to hear more, RW

if not here lol

..

to sell lol

did many survive treading water?...it was v cold... ...didn't most of the survivors (alas v few men) have comfy lifeboats?

8p ish? ...fun to c

looking at charts history suggests this may bottom c15p,,,but history is bunk lol

4 Jolly top ups lol

lol

because so many spike on AIM...but this may be different imv (topped up yesterday at 7.23 when that support held at lunchtime) why different? guess it was the oddity of the sp in the first place (versus cash or revenues or indeed op profit history)...some respected posters were put off by it being soooooo cheap imv lol ...once u get over that...well the upside potential is HUGE ...aaoo/dyor

Jolly lol

before caving lol

happy to wait for sub £1 to load up

sp on AIM when at 3p ..still cheap rel to massive upside potential imv ...aaoo/dyor