sine270

I didn't make a load of money on gold by waiting for pullbacks. Some pullbacks never come. I'm all for selling at a peak though. The type of peak you have pointed out more than once. In future I may listen.

Thanks for reposting chris ct. Its a good reminder to me why its going to be important to continue to hold gold for many years. The physical stuff preferably. Even just to have it off the radar in my old age.

I am happy to get out around about this level. Its going to take a couple of years though due to cgt so if it gets another wind I'll perhaps be able to take advantage of it. I dont need to get out at the top to feel happy with what has been a great investment. It did help getting in early though so never had to worry about making a loss. I always did think I might end up holding all the way past the top then having to sell on the way down but I see nothing wrong with this. Not that I'm saying the top is past because I have no idea. I'm just saying if.

This only works if you are thinking in terms of armageddon happening any time soon. And this needs to be coins/bars. No good for GM/BV even. Otherwise you really need to be thinking in terms of how much house you can buy for your ounce of gold. This has reduced from 6 months ago. And from my recent experiences I think people need to think more about CGT. ETF's are far easier to buy and sell/ wife & breakfasting etc. Cant do any of that with coins. Devils advocate here as I have coins too.

As a buy and holder of real and paper gold I have always agreed with this. The risks you have mentioned have perhaps started out small and have increasedd over the years. I have always considered the biggest risk to be downwards moves in gold/silver. I wanted the liquidity of the ETF's but they were always going to be the first to go. I will have to buy again withing 30 days for CGT purposes but I am now getting out of paper gold as quickly as my CGT allowances will allow me. After that I may follow with my GM holdings and the coins will be the last to go if ever. There is no real reason for my actions now except I need the money and maybe there is a limit to how long one should continue to push ones luck. In effect, I will now be averaging out and it will take a few years to be all out except coins. The way I see it is that just by avoiding CGT I can afford to lose out in not selling at the best times price wise. Also it helps if I have my hand forced to a certain extent because I am not great in judging markets. On the way up I often had a set buy every month and I'd quite like to have the same on the way down. It'll probably work better than me panic selling at all the wrong times and having to pay cgt.

Just to put in a good word for PM ETF's, I dumped 80k worth of GBS and PHAG a couple of days ago. Held them for 5 or 6 years. Had no problems at all (except now the Capital Gains). Paper? Maybe or maybe not but it worked despite what everyone was saying about the dangers of ETF's. Will be buying again soon in a joint account to get twice the CGT but thats for another thread. Point being that non leveraged ETF's are a highly effective way (or at least have been) to buy and hold or trade gold and silver. Dealing costs next to nothing and no hassle.

I was thinking that. It all just depends where you draw the lines.

I just dont understand what all the arguments are about. Everyone here is making money on gold right? RIGHT??? So whats the problem? Why not wait until some people have lost their shirts then we might have something to fight about. Personally I find it quite easy to keep my mouth shut and sleep easy. But maybe thats becuse I've been Buy and Hold for the last 7 years. I've bought at peaks, I've bought at troughs and I've bought half way between the two, and its hardly made any difference. It hasn't been necessary to be clever. All it took was to believe in Dr B when he was ramping gold back in 2005

A bit along the same lines as Dennis McKenna's comments in one of the above interviews. He says life is a hallucination because everyone see's it a little differently depending on upbringing, genes, dna etc. Some see it very differently, I think in his example what an amazonian hunter sees as he makes his way through the forest is entirely different to what you or I would see. Likewise we are comfortable in the city whereas he might find it very nerve wracking. Perhaps it can be taken further by considering the case of animals. Many get run over by cars. Could it be that the way they hallucinate in this world is so different to the way that we do that they cannot even comprehend the idea of a large mechanical object speeding towards them. Their mind therefore does not take the correct action to preserve their life even though self preservation is the main activity in their life. With dogs/cats it is different as they are more atuned to us.

I find that pretty complicated.

Yes but its very different. There is something very eternal about the other.

I'm surprised you haven't. They are just there for the picking if you know where to look (which I dont unfortunately). I think up until 2005 or so you could buy them online but now thats all been knocked on the head too. Holidaying in Peru is a good way round that I think. JD did you listen to the Dennis McKenna interview as posted by last ninja? He more or less says that you have to take a really large dose of the mushrooms if you want to see anything significant. Otherwise its just a party drug.

Recalling through the DNA perhaps? Or so the shamans will tell us if we ask them how we can see visions of things we've never seen or imagined before. As for this three dimensional past present future illusion, Dennis McKenna agrees with that in the above interview. Its only the way we see it because of the chemicals in our brain, and we all have approximately the same chemicals in our brains, well most of us do. Hope you're right about the eternity to perfom in. Strange though that in this illusion the unconditional love is lacking. I only ever felt it once with a little bit of help from san pedro;)

^^Interesting footage. I believe its real. There are plenty of fakes around but that looks and feels genuine to me. It ties in with what I've read about these awakened people who are afraid to allow their "powers" to go public. You're a hard one to figure out Mr Bubb. You seem fascinated by the whole expanding/changing consciousness and meditation etc but there seems to be a line you dont want to cross. At the end of the day unless you've spent your whole life meditating everyday you're unlikely to break into other realms of consciousness without a little bit of additional help. How can plants/mushrooms that grow of their own natural accord without even being cultivated be classed as illegal to consume? I am new to this way of thinking. Something to do with the realisation that the people who make the laws dont actually have our best interests at heart. They dont want us to realise things. Yes they want us to think there is a god but they sure as hell dont want us to go looking for him.

Thanks for that Last Ninja. Very interesting talk from Dennis McKenna. I hope JD and Dr Bubb have listened to it. I think he addresses many of JD's points of scepticism. Interesting about your dream. I've also had experiences like that before with sleep paralysis and demonic type presences. All pretty scary but also a little exciting.

I'm not so sure that a bad trip is any more harmful than a bad dream. Perhaps it would make one question things a bit more which would surely be a good thing. As for paranoid, it seems unlikely to happen to a normally balanced person. It implies the opening of a door that cannot be closed again which probably does happen to some. Perhaps in the case of "Schizophrenic" people who seem to shout out at noone perhaps that is what has happened. That makes sense to me. Its a pity there's not more scientific study into things which haven't yet been understood properly. In the case of breakthoughs in human thinking and expanded consciousness etc this would be a difficult study as there will be few who have ever achieved such a state. Any who have are apparently reluctant to take part in a study. What I believe is that one cannot take much very seriously what is written about this, and if you really want to know about it then its necessary to take steps in the process towards a personal awakening so you can see it for yourself. Yoga, meditation etc is a good starting point.

I also listened to it twice (admittedly while watching tv). I think you understood correctly but he did make it very confusing. He says he arrived by this end date by taking psychodelic mushrooms (or possibly ayahuasca knowing him). What he refuses to say is how he was told.

So why not try again now that you are older and more educated? Not that I've read all the posts that you and Bubb have fired back and forward but I can see that you like everything to have a scientific explanation and you are quick to poo poo anything that some would see as "unexplained".

Maybe the cow really was smiling only you dont normally see it. Young and daft people drive cars too with the results often not good then either.

Interesting though. He's not an easy guy to understand. What I thought he was saying is that he had visions during magic mushroom sessions which made him understand what the Mayans understood. What do you reckon? Is there anything worthwhile to be learned from psychodelics? I heard that giving magic mushrooms to the terminally ill had a miraculously positive effect on their psyche.

Very interesting thanks.

Modest uptick the last few hours of trading yesterday. I'm guessing even at this level people feel they will sleep better over the weekend if they are "in" rather than "out". Consolidation anywhere around this level would be quite a result IMO.

Yes, silver up 126% in the past year. If you tryed trading that, you'd loose a lot more than just your knickers

Capital Gains question about gold held with GM or BV. Dont know if this has been discussed before, but can CGT be avoided when selling GM or BV holdings by selling and leaving the proceeds there in the pot and only withdrawing it to the nominated bank account at maximum CGT allowance each year? Thanks.

I never could work out this "buying on the pullbacks" thing that people seem to talk about. What if the next pullback is to $1300?