bjm81

My 2p:

Gold for me is saving in real money. I'm only trying to preserve the real purchasing power of my savings. Any gain over and above the real rate of inflation is a bonus! I do not have the time to read up on or dedicate part of my free time to attempt to trade any of my pot.

No doubt if you know what you are doing and have the time then the trading approach Dr Bubb takes can give better 'paper' gains in the short term. But there is as much chance of an amatuer like me losing money. I also agree with those who have pointed out that the trading approach is great until the system breaks then all your gains plus initial investment are gone. The odds of this happening at any time are in my opinion are quite high and I'm not comfortable risking it.

I have read enough to convince myself that the long term buy & hold physical is as good a strategy as any for wealth preservation. Just take a look at the 6 month, 1yr, 5yr, 10yr kitco charts. They dont lie.

Came to my senses last week and cashed in my indexed linked savings certs (nearly out of sterling altogether now)

 

Bought some physical this morning and put a bit in to bullionvault. Fully expecting a takedown now!

 

The 1st krug I ever bought was £406. I think today they were £815! thats deflation for ya!

Also to add - last time I bailed out of an investment was when i had all worth in icesave. I moved it all out a few weeks before they went belly up. I wonder if the same will happen with GBP?!

Came to my senses last week and cashed in my indexed linked savings certs (nearly out of sterling altogether now)

Bought some physical this morning and put a bit in to bullionvault. Fully expecting a takedown now!

The 1st krug I ever bought was £406. I think today they were £815! thats deflation for ya!

Congrats on the new baby!

cheers!

Bought a britannia for the 1st one with her piggy bank collection whip round. The boy will be lucky to get 1/2 oz!

Great news Doc!

 

Real life changing moment - I started to look at the world in a 'new' way once my daughter was born, and more importantly take action to plan and prepare for the future.

 

All the best!

Well seen as this is now the baby thread....

Had my 2nd (boy) yesterday.

I'll echo the comment above - with a partner and kids who depend on you it has made me think a lot more about financial decisions and wealth preservation. Got gold?

Hi all, first post here........thanks for all the info.........it's been a gold mine. sorry. But really do mean it.

 

Anyway got a newsletter from coininvest today informing me that they can't send silver to the UK using 7% VAT (the German rate) used up their quota or something, so now have to charge 17.5% VAT. If you have or can use a European address for delivery you can still get the German rate.

 

Does anyone know of any reputable dealers where you can buy silver at a lower rate than the UK but get it delivered to a UK address?

 

Thanks

 

fool

My invoice yesterday still quoted 7% VAT. Made it just in time! Hope the the tax man doesnt frequent GEI!

It looks like it's ready to explode upwards

I just bough £1k of silver coins yesterday from coininvestdirect.

I have been buying gold coins since November - not a massive amount but now got about 25% of my STR fund in physical gold now. What split gold:sliver do you think is sensible?

It's amazing how low inflation is, considering how much prices have been going up!

 

And a great example of Newspeak from Pluto.

 

Welcome to the site, bjm81.

The worrying thing is that Broon gets away with saying this. The majority of the population cant see through him. Also they are all up to their eyes in debt and so the 'low interest rates' waffle he keeps trotting out is what they want to hear.

Yeah joined the exodus here a few weeks ago following the infamous HPC gold thread incident! Could not afford to miss the input from quality posters like pluto, Whoops', goldfinger et al.

Cant say I have a great deal to offer the site in terms of valuable input. Just here to absorb the info.

Well the world's 97th sexiest man alive, according to last year's womans magazine, is at it again with his George Orwell wanna be quotes.

 

Here is his latest statement which reminded me of Orwell's 1984, when the Chocolate rations were raised from 4.8 to 3.4 grams.

 

http://www.bloomberg.com/apps/news?pid=206...vk&refer=uk

 

``We will maintain a policy that will keep inflation low and keep interest rates down,'' Brown told reporters in Stevenage, England.

 

Can anyone spot the similarities?

I find myself getting very wound up anytime this man speaks now. A few weeks ago he was questioned by an interviewer (BBC i think) regarding the recent increases in basic staples, oil prices, you name it - and how the inflation measures were still low. He replied along the lines that it was remarkable how well they had managed to keep inflation under control and interest rates low blah blah blah given all these increases! wtf?? He wasnt challenged any further.

I'm getting fed up with this country. It should not be this difficult. I should be able to go to work, save up for my house and not worry that my fund might be inflated away to nothing. Yes I've bought some gold but I'm struggling to convince my partner and myself that going 100% precious metals is a wise move.

I see that a few days ago even you were urging some caution on the inflationary outcome everyone here is expecting. Argh!! I need some CGNAO medicine.