Compounded

In 2005 I'd paid off the mortgage and was looking to invest excess cash, as an absolute ignorant I thought real estate because everything mainstream was for it. I found the House Price Crash website. A guy, German I think - his avatar was Goldfinger convinced me gold was a good bet and as it was very undervalued at the time, I was convinced. I put all my Self Invested Pension in a Goldmoney Self Invested Pension and did well by luck I sold out my Santander stock market pension just before the 2008 crash and the Goldmoney one quadrupled a few years after but I kept in a bit too long and it had only had tripled by the time I sold took the pension and retired in 2013 I kept some in gold miners and it's not been good, are they undervalued now?

How old are you?

I told my brother when gold was £360 - he did not take notice, later I told my dad he thought I was being reckless and he has ever since been politely asking me about my plan to exit and that's in spite of the fact his shares have gone nowhere and gold has more than doubled. I avoid discussion on gold or investing now, the reasons for holding gold now are too complex to get over easily to someone who is not interested in the first place.

The progress in GBP has been much steadier than in USD, NZD or AUD, I haven't been tested by anything like a 25% fall yet.

It was £1000+ for a day or so but it's been now nearly 2 weeks at around £990 could be the reason.

Silver (pre 1920) 3d coin (3/240 of a pound) now worth more than 1£ 2p worth more than 4p as scrap; the old penny more than a shilling (5p) The circulating currency is a part of the inflation con The smallest coin in Victorian times was the farthing - worth approx 8p in today's currency.

some money you can actually use with confidence for saving.

Anecdotal The old lady who owned my parents house had an acre of apple trees they yielded £200 a year in the 2nd WW from them to convert a car cost £80 then and a house £500 by my reckoning that's approx £40k pa in today's money. My dad felt that was right as he says food was very expensive in the war in spite of the rationing. If you have a garden forget the wisteria and cedar and plant some food producing trees is so simple now and it will make a real difference if an economic collapse does come.

Less than 2 hours from opening and yet another dollar right now. (Easter funny hours) $47.69

Very poor likeness IMO It's a shame more effort has not been made with this, the Queens head on recent British coins is beautiful and she is an old lady.

He don't post much but I found this old one. CG March 2008 HPC gold thread After the collapse of the international monetary and banking system, with the world back on the gold standard, your savings, pension, investments, house gone, no credit available, rotting in poverty, no social security, health care or government benefits, working like a serf to earn your daily bread, what will you think when you read my warnings, how you dismissed me, ignored me, ridiculed me? Do the smart thing. Protect yourselves NOW.

Good move, Incidentally the old HPC gold thread now has less than half the number of posts at 11,167, but slightly more views at 1,597,837 There is more interest now.

Be gentle he understands property but not gold because gold is an outlier an oddity, it is not an investment, it is free market money; the implications are not easily understood.

I think that would be as good or even better than a Midas touch.

Low/negative real interest rates are here now so gold is the best saving medium. 2000 is a cherry picked date I agree, and gold is not so grossly undervalued now. With QE and living in an insolvent country I feel safe with gold. The paper money is plainly rubbish and more people will suss that out as time passes. “Of all the contrivances for cheating the labouring classes of mankind, none has been more effective than that which deludes them with paper money.” Daniel Webster

I think most here would agree that gold was at such an extreme low valuation in 2000 that valuation of other assets using gold as a baseline would not give accurate results.

Yeah, I for one am hoping we are still in the bumbling up, and down with a gradual drift up part of this bull market. If it gonna be really big the big spike and final crash will be years away.

I just want to save, that's all - I have a good job and all I want is to move purchasing power from now to a future when I will be unable to earn. I have ended up learning all sorts of monetary theory and just to try to achieve that I have to buy a volatile metal gold because cash depreciates even after interest. Fiat money is an evil scam.

I just checked Kitco, the interesting thing is I was not worried at all, I was hoping I might get a bargain.

Augustine was wrong God does move in circles , nothing is linear, nothing, you just need to know history to be able to see it.

The fundamentals are excellent, some say the best of any metal in living memory. The instability must mean there will be times to exit in the not too far distant future with great profit.

I did too, I was saved from considerable financial loss by getting out of the SM at the right time and not doing BTL, GF and the HPC gold thread has made me 10's of £k, I feel I owe so much to these mostly anonymous people.

cg is fundamental he knows collapse will happen soon and suddenly but not when. An economic arrangement can continue for quite some time after it becomes untenable, through sheer inertia. But at some point a tide of broken promises and invalidated assumptions sweeps it all out to sea. Demitri Orlov I expect so, the Euro remains important This sort of graph does not not worry me at all - it has happened so many times before, i would have thought the professional traders must feel the same

Never has, never will, fairness is bloody difficult to achieve even to your children Gold is safe the sheeple do not realize that is the huge advantage.

Me too, I want gold to crash and cg be wrong - but I feel in my gut he is right.