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Johan van der Smut

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About Johan van der Smut

  • Birthday 09/24/1968

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    London

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  1. Because I currently have no job and no income, and the kind of fall Bonner is mooting will slash my nominal wealth drastically if I remain heavily invested in gold. Periodically loading up the truck isn't an option for me because I don't have any money coming in!
  2. Speaking as the man on the Clapham omnibus, I'd say that with their austerity measures, European governments at least appear to be addressing the debt problem now, which is more than could be said a few months ago. Bill Bonner in The Daily Reckoning is warning that gold could go to $850 before bouncing back in a time of inflation (though he advises against selling it). Then there's Mish, who thinks gold will be the king of currencies in a time of deflation. I'm interested in the views of both. I take Mish more seriously but Bonner has got me somewhat spooked.
  3. I've just sold most of my PMs. I wish I'd done it weeks ago when gold was £850 and my gut told me the sterling price was going to tumble. In my defence I'll say that some of these 'PMs' were gold and silver ETFs and the rest were with BV, which I've been wary of ever since I heard of the Rothschild investment. I'm now hoping that the price will tumble for a few more weeks, when the plan is that I'll buy some sovereigns and stop worrying about capital gains tax.
  4. Yes, and just as I'm pondering how to manage this shift, gold gets smacked down about $20, making me wonder whether I should have sold some of my BV stash this morning.
  5. Where is the best place to buy a bulk order of British sovereigns?
  6. Probably my favourite video on YT: From: http://www.youtube.com/watch?v=GUcXI2BIUOQ
  7. A couple of years ago I set up a couple of virtual portfolios on my stockbroker's account: 'Paul Hill buys' and 'Paul Hill gambles'. I didn't buy any of the shares he'd tipped - I just wanted to see how well they did. At the time of writing, most of the ones I recorded have done disastrously. The man's a clown IMHO.
  8. Aw, what the heck, I watched it with the sound down. I prefer this one From: http://www.youtube.com/watch?v=lWktQi9fwW4
  9. I'd watch it, but I'm at work. Presiding over my evil empire, obviously.
  10. Ladies and gentlemen, we have topped £550.
  11. No, but I think £546 is, and that's the figure goldprice.org is showing now.
  12. I know how you feel. I went out to do a bit of shopping and when I came home I was <adopts Harry Enfield voice> considerably richer than when I'd left.
  13. The Bullion Desk says it's reached $795.90. Does that count? (Edited to change £795 to $795. If only!)
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