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Divmad
Reputation Activity
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Divmad got a reaction from dicker in The coming Gold crash
Dollar cost averaging is a perfectly respectable method of drip feeding money into the market.
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Divmad reacted to Russell in Silver Monitoring Thread £ (GBP) only.
Interesting day, I have been waiting for a tick back and in fact expected it yesterday. So today there was multiple attempts to knock the price down but everytime it strongly bounced up 🙂 It got as low as £17.63 at one point. Today was the best day yet because of the strength and speed of the rebounds showing that the buying is very strong. According to Chris at Arcadiaeconomics there are still four big banks still short on silver but they are losing $250m on every dollar silver moves north 🙂 I hear the herd is now engaged as they noticed that gold and silver are an alternative to tesla and Hertz LOL If so a rocket is about to be lit 🙂
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Divmad got a reaction from Goldhooked in The coming Gold crash
Weren't you the guy who was sitting Gold down to $400 back in late March? If you weren't totally wiped out then, you are just another anonymous mischief making fraud. Seen your sort on hundreds of stock BBs. A waste of space.
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Divmad got a reaction from dicker in The coming Gold crash
Weren't you the guy who was sitting Gold down to $400 back in late March? If you weren't totally wiped out then, you are just another anonymous mischief making fraud. Seen your sort on hundreds of stock BBs. A waste of space.
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Divmad reacted to Shep in Why the high premium?
If you’re a UK buyer who wants physical PMs for wealth preservation - Cut the sickly, poor cousin, silver middle man out as it will do no such thing for you.
A real world (simplified) example:
I bought an oz of silver in 2016 it cost me around £18 and is now worth approximately about the same in a private sale and far less to a dealer.
I bought my first oz of gold in 2016 and it cost me £1049. It is now worth over £1400 in a private sale, or to a dealer.
Fancy charts, obnoxious YouTube silverbugs and our lord and saviour the fabled “gold silver ratio” can all go hang. As the buying power of my £s have evaporated over the last 4 years, it is clear to me which metal has preserved my wealth
Don’t be attracted by the false economy of being able to buy larger quantities of silver than gold due to its relative per oz affordability.
Save up and focus efforts on buying gold.
That being said, no one truly knows what the pms are going to do day to day and holding a small amount of silver is clearly a good idea for the sake of a building a diverse stack.
(Posted in the spirit of friendly discourse - apologies to the silverbugs)
