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harvipark

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Posts posted by harvipark

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Oh rh back to your myopic moderating,its fine for that prat to make personal insults to the very way I conduct my lifestyle but oh dare not say anything about his silly investment strategy because you agree with it and that is bad form.My advice was valid and reasonable and well intended,where as his was just pure slander and piss taking.Open your eyes and read the posts properly RH,or perhaps I should put it on a log chart.

     

    Your were ridiculing my investment choices. I ridiculed you back....fair game?

     

    Seriously FK, you have made a number of very constructive posts over the last few weeks and i thought that i had got you wrong, but then you resort to your favourite tactic of ridiculing and humiliating other posters????

     

    FFS, stop digging, and as someone else pointed out, get yourself some self awareness!!!

     

     

     

     

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    PROFITS IN WHAT BL**dy paper.

    YOU NEED PHYSICAL METAL AND COUNT YOUR OUNCES NOT PAPER PROFITS.

    Look at what is happening mad max beyond the thunderdome looks like a childrens bedtime story now.

     

    Fitkid

     

    You have eaten far too many salmonella laden bilberries and sloshed them down with bleach

     

    Now go away....

     

     

     

  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Difference between the two is gold is a form of liquidity.... gold stocks, investment. The old story of gold stocks being a leverage on gold is not so straight forward. Doesn't mean to say that they might not perform in the end.... but that there is a further element of risk involved with stocks over and above gold itself. Makes sense to first have a solid core in gold, and then decide whether or not you wanted to branch out into stocks etc.

     

    The way i invested was to have a core in gold stocks and a lesser amount in bullion. When i bought the bullion in 2007, the physical was lagging the stocks by a fair amount. That has now reversed.

     

    Warpig is right in that the stocks will have their day again but it is just soul destroying to see these big moves in physical and seeing no movement in the stocks at all.

     

    Dont get me wrong, my gold stocks are showing a healthy profit so i have no reason to complain

     

     

     

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Do you really think we are approaching the end game? I don't think this will end until at least 2014, interest rates have gone so far negative now. If you go off the way CPI used to be calculated via John Williams shadow stats figures, the CPI is currently around 10% while base rates in the US are 0.25%.

     

    No i hope it didnt sound like that. I dont have a timescale but when/if we reach $3000, then that is the point where i will start to sit up and watch the markets a little more closely.

     

    Where i was coming from is that as I have a buy & hold strategy, I am aware that this strategy also breeds inertia. You tend to become acustomed to the volatility of the gold price and the danger is that i will hold through thick and thin when the time has come to get out. When we eventually reach the top in the gold price, the downside will take many of the unwary by surprise, but for now, i am sure we have much further to go

     

     

    This bull run is far from over the public still has virtually zero exposure, talk to the average man in the street and they just look at you strangely.

     

    The average joe's that i talk to still think that property is the way to go!

     

    This week has been a bit of a schadenfreude moment for me seeing gold go through £1000. Back in 2005, a (now ex) friend and I were discussing investing, and despite me taking the contrarian view of the time warning him of the dangers of property investing, he laughed in my face and went ahead and bought a Bulgarian holiday flat. I then told him i had bought a significant investment in gold miners, warned him of the risk of bank/sovereign defaults,(unheard of in 2005), which once again he laughed in my face and publicly humiliated me!

     

    Now I dont know about you, but I get a bit hacked off when someone laughs in my face! :angry:

     

    So I have been waiting for the day that "gold hits £1000" was splashed across every tabloid newspapers front page....(and even "third bong" on news at ten!)....and this week was the week that I had my schadenfreude moment, returned the gesture and laughed in my ex friends face! B).

     

    As for the Bulgarian flat?......thats nicely underwater now and he has never had a single let in the time he has owned it.

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    This is something that also worries me.

     

    Just as we build positions over time, then my plan would be to average out over time once i feel we are getting close to the end game

     

    Its too easy to think we can pick the exact top, so sell out in stages and leave some profit for the next guy

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Gold in Sterling £976

     

    Pandas are now £996, Brittanias are £986 in CID

     

    Whats betting we see £1000 gold by weekend?

     

    £1000.31

     

    We have a winner!

     

    Gold stocks looking like they are finally moving. Noticed that the HUI has decoupled from the broad stock market....Dow -146...HUI...+8

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

     

    That must be a cool place to be in ! B);)

     

    Hi ML

     

    Its causing me problems to be honest. Havent bought anything since 2009 but I stupidly overinvested and didnt leave a cash buffer in my finances for day to day living expenses. I really, really dont want to sell anything at this stage as i think we are close to a very big move, so i struggle on slightly cash strapped!

     

    Fortunately, the cavalry arrives in 2 months when an insurance policy matures and delivers a tidy sum. I just have to resist the temptation to buy more gold when it arrives!

     

    I have been holding back waiting for £27.50 in Silver and $1350 in gold to make my last purchase with available free capital! :o

     

    The saying "picking up pennies in front of steam rollers" , keeps coming to mind :lol::blink:

     

    Good luck with those targets......I admire your optimism! :D

  20. The Best of Youtube - Music

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hey Harvi some great stuff at Glastonbury, this one from Elbow always gives me the shudders.

     

    Yep me too....fantastic tune!....and apologies to Guy Garvey for getting his name wrong! :unsure:

     

    Didn't these really got the crowd going though.

     

    Did you go to Glasto yourself? Didnt see them tbh and not really familiar with who they are but sounds good from that clip. Had a group of 14 of us in the end and mainly camped out at the pyramid stage for the simple reason we all couldnt agree on who to see!

     

    In other news....just found this....

     

    :D

     

    http://www.youtube.com/watch?v=AJSdQQi5TyI&feature=related

  22. The Best of Youtube - Music

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Funny that, I've got the same sentiments about that particular tune, there is something inherently enjoyable about it. Heard some really good -remixes- too. I think that somehow in that tune there are 'echoes' of genres I relate to. Wish I could put my finger on it.

     

    Yep i know what you mean....its very commercial/easy listening. Majority of the song is rap, but there's reggae and drum & bass thrown in at the end. He was a good live act but somehow I dont expect him to pass the test of time....maybe i am wrong but time will tell!

     

    Glad you enjoyed Glastonbury Harvi ............... it's a little too big and noisy for my tastes. I've tried to find a festie this year but they all seem to clash with a personal promise I've made to be elsewhere. There's a few I've watched which haven't come to fruition due to lack of funds, and a couple which did which I never expected to (Glade a prime example).

     

    If you. or any others here, fancy any particular festival next year and wanna hook up start a thread and perhaps we could have a GEI UK music thread hook up.

     

    Thanks for that Underling. As i said before. its the first time i have done Glastonbury and sort of a lifetimes ambititon to go if only once. I used to do Leeds/Reading every year up until 2004 and had just about hung up my festival boots, but i got the chance to go to Glasto and glad i went.

     

    I agree that Glastonbury could be considered to be too big. A friend came up with a useless statistic saying that if you watched every band at Glastonbury, it would take you 86 days to see everyone (and thats not including sleep!)

     

    So yes. if anyone fancies a "festival meet up" then i would be up for that. No Glasto next year but i wouldn't mind doing the Isle of Wight if i get the chance...(funds permitting)

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