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fadeaway

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About fadeaway

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  1. fadeaway

    GOLD

    According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.
  2. fadeaway

    GOLD

    I'm sure they'll find a way to sting you, that's what governments do. This should probably be in the silver thread, but £3609 for a 5kg bar of silver over at Guernsey. I assume customs bill me for VAT or something.
  3. fadeaway

    GOLD

    Thanks for the advice. I don't quite have enough money for 100 sovs I didn't know that about Britannias/Sovs and CGT. I think a 250% rise by 2015 is well within reach, and as long as I don't need the cash I will hold, so on that basic CGT laws on those coins look good. Only thing that bothers me, is as soon as it rockets.. gov will tax the hell out of it. azazel, any reason why you prefer sovs? I assume I'm just going to have to bite the bullet regarding VAT.
  4. fadeaway

    GOLD

    Sure has been a while since I posted here I haven't had much need to check up on the financial world for about a year now, if you check my posts you'll see that late 2010 I was making a nice bit of money in the stock market. Early 2011 (pre-crash) I sold up and bought a nice house in a good location, discounted by a nice chunk and with a great fixed mortgage. After that I had no money left to invest.. so no need to look into it. However I now have quite a bit of money once again, and the thought of putting it back in the stock market doesn't seem like a good one. I fully expect a large crash soon. It's now just sitting in my bank.. That said - I want to invest once again in gold/silver, only this time physical rather than something like bullionvault, as I think we're closer to endgame now. This will be the first time I've actually purchased physical. Do you guys have any tips? Ie : what size bars, coins, websites, countries (guernsey vat free?), ebay? Cheers
  5. fadeaway

    SILVER

    So people just bend over and pay the tax? Seems a bit odd, to need 17.5% increase in value before you even break even. Also - what's with ebay prices? They seem all over the place but people still bid? How are people's experiences with storage? I've been quoted ~£3-4 a year per ounce for insurance on gold stored in my house, presumably the cost would be acceptable for silver too. Worth investing in a small vault for my house?
  6. fadeaway

    SILVER

    So where do you guys buy your silver from? Bullion/Coins, and what coins? I'm thinking of swapping some stocks for gold/silver. I've been looking around, coininvestdirect seems like it's the best price even with VAT.. companies like sarnia silver offer vat free coins but the price is hiked up to negate that.
  7. fadeaway

    GOLD

    Thanks for the post d2thdr, I appreciate it. Solid things for me to think about.
  8. fadeaway

    GOLD

    Thanks for the reply. I think the reason I'm cautious of bullionvault is that Lord Rothschild has a 12.5 million stake in it. I don't like the thought of him and his new world order buddies controlling the place I store my 'insurance' against the future. I don't trust insurance companies to pay up when someone breaks in and steals my bullion. It's all about trust, and nobody is trustworthy. You're probably spot on about the diversity, splits up the risk. I know a lot less about silver. What I do know is that I pay VAT to buy it, but don't get it back when I sell it. So it has to rise by 20% in value before I even make that back? Seems odd to me. Maybe I'm missing something. Do most people use something like coininvestdirect to buy/sell gold and silver?
  9. fadeaway

    GOLD

    Hello everyone. I've been lurking for at least half a year now, I'm a poster over at HPC but I've been reading both forums. I'm a fairly young guy, freshly out of Uni. I still have a lot to learn about the world of money, but I've come a very long way in the past year with the help of various HPCers and posters on here. I sold all of my gold in bullionvault around July, and was going to buy back in at around £750, but my stocks were making way too much money to bother doing that. Now that my stocks have appeared to plateau for a bit (and with all the fear around) I'm considering selling up and buying back into gold. Need a bit of advice from the experts though.. many questions this time round. I have some ideas but I'd love your input. Is a split of gold/silver preferable? Should I be buying physical? How do I sell physical when the time comes? Where am I meant to store the physical? Do insurance companies actually cover bullion? Cheers for the knowledge over the past months
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