Member Info for Wids

Fleccy "In my opinion, unless interest rates hit 5%+, the UK housing market will continue to be a safe bet, as it has been historically" You must be the only person on the planet who thinks so - Good luck with that. Regards the link, there's plenty out there unbaised with the same message which you ignored. Yes gold has no yield, it's not supposed too, it's money. Neither does a £20 note which is a perpetual non interest bearing liability of a central bank. Gold is a store of value against currency debasement and inflation. Costs of gold storage - None. CGT on British legal tender - None. As for nicking my gold - no chance. But I'm narrowing down on a cellar up north, tooled up with a Hilti, vacuum, and duster.

Who knows where the SP will bottom. But then it hardly matters if you're a fresh investor with cash at market bottom. Cut out the deadwood, then choose your growth stocks. Doing nothing and waiting often pays. Staying in regardless based in hope will fleece the many - cycles.

"In my opinion, unless interest rates hit 5%+, the UK housing market will continue to be a safe bet, as it has been historically" Good luck with that thinking. Bricks are better than Gold and that's why UK house prices will aways defy gravity. Wrong. Inflation adjusted, no where near. https://www.silverdoctors.com/gold/gold-news/gold-vs-the-u-k-housing-market-one-of-these-things-is-better-than-the-other/ House prices have hardly moved in real terms. 100-Year Inflation-Adjusted housing price growth was less than 1%/year in US. Inflation destroys perceived wealth.

Argentinian peso 1 to 1 to greenback in 2002. Now worth 2.5 cents I bet the argies wished they bought some gold in 02...lol

Was talking Gold as unloved, not stocks. Should always be part of a balanced portfolio as other pms, against screwed up monetary policy, debt and coming inflation.

You have to love the unloved, excluding financials - so go long lucky bags.

Troajan - out of gold, into Popcorn and pork pies

Lloyd's, January high to August end. Down 17%

Yes Stagecoach, and banks including governments come under the same umbrella. Aka a completely fcuked up monetary system. Banks are almost one "run" from failure. Step in Govs and CBs with a well oiled printing machine - nothing to fear. Except lose of confidence. Rinse & Repeat. Lessons learnt - none.

Stagecoach "Once again i must reiterate, until there are tentative signs that earnings and profits are beginning to flatline, its business as usual at Lloyds." The markets have already worked that one out. Brexit or not, doesn't solve the global debt problems - or anything else. Today I received a 400% increase on my credit card. They got back much worse.

Seems your father had his head screwed on. Nice inheritance for sure. All I'd say is, the dealer's done you a favour, so let it gather more dust. Gold is money, and what's going on in today's world regards fiats, your be laughing all the way to the bank. If you want to off load, give Putin a call. ATB.

The wall of worry and any gains going up, will be dwarfed by losses in the elevator filled with lead going down. Try catching a bid.

Andy Para 1...yes Para 2... absolutely Para 3...indeed Para 4...It won't be any different, but will be in serverity and lenght. You probably not see another bull run top in your life time. Preservation of capital, knowing when to be in or out, and a good understanding of charts should serve anyone well in the longterm. Invest and forget risks being the wrong end of investing when you need it - BWTFDIK

So the European banking sector is low because of brexit? - hardly. More like debt overdose. Try selling sand to the Arabs

I was eating some scallops. They got upset - dunno why

UT ....well, I got three of em surrounding me with rifles and looks like there about to shoot themselves in the foot. One's a squirt, the rifle is longer than he is. I hope there's no ricochets.....

Ten year yield creeping up...and up. Won't be long before Mario gets invited out for a beer, sooner the better before the German takes over....lol

Mortgage approvals in line with forecasts 65,000. Net lending to individuals down 20%. Forecast 5 billion, actual 4 billion

Stagecoach, that's crap. Gold is very liquid.

When you have such a big disconnect between world GDP growth and stock market values created by the printing press over the last decade - expect trouble. A repeat of history will occur. TSWHTF and reality will meet true market values. Only next time will be worse with the massive debt burden added since 08. But who cares...eh, it's only money.