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muneeb

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  • Posts

    125
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    United Kingdom

Reputation Activity

  1. Thanks
    muneeb reacted to Happypanda88 in Why are gold prices dropping?   
    There was a large sell order apparently just before asia opening hours.
    Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
    https://www.zerohedge.com/markets/gold-flash-crashes-almost-100-4-billion-sell-order-hits
  2. Thanks
    muneeb reacted to KevinFlynn in Why are gold prices dropping?   
    If I have learned one thing about precious metals, it is that there is never a right or wrong time to invest. And in my opinion precious metals should not be bought as a speculative asset but for worth preservation.
    Before investing understand that gold is very volatile and more of a mid or long term investment. And do not buy for returns but for stability.
  3. Haha
    muneeb reacted to dicker in Why are gold prices dropping?   
    Of course the well known adage always holds true..
    "In a gold rush, sell the shovels"
  4. Thanks
    muneeb reacted to dicker in Why are gold prices dropping?   
    I dont give investment advice other than:
    (1) You wont get rich buying gold / silver
    (2) Invest regularly - look up pound / dollar cost averaging
    Best Dicker
  5. Thanks
    muneeb reacted to Pete in Why are gold prices dropping?   
    Precious metals are commodities and prices fluctuate according to International markets.
    Everyone knows there is great volatility ... and risk ... to trading commodities.
    Prices can rise and fall according to "sentiment" and "global events" as investors, big financial institutions mainly, try to make money.
    Gold in some eyes is a safer haven for some governments to store assets since their fiat currency can be hit by exchange rates, inflation and quantitative easing.
    Check the historic charts so see just how flat in some eras and how rapidly ( on investment timescales ) prices can change.
    So called "experts" will search for explanations and fit some random event to a price fluctuation that to us mere muggles appears plausible but in reality the market is manipulated by bankers trying to make big bucks irrespective of whether prices rise or fall as they earn their commissions on the first derivative ( school calculus ).
    To us stackers we convince ourselves that gold ( and other PMs ) is an alternative to preserving wealth compared to cash so when gold etc falls significantly then this is your buying opportunity if you believe in the long term value of PMs. If you are nervous then buying PMs is not for you.
    Many stackers that dipped into PMs relatively recently have seen their stack rise quite quickly in value so when the gloss starts to crack, panic can set in.
    No-one likes to see prices fall but buy on the dips and be prepared to hold for the long term meaning 5+ more years or longer.
    As for the future you might as well throw a dart and convince yourself that an even number will see a price increase whereas an odd number will see a fall.
    This is as good a method as listening to the "pundits" and financial folks who cannot predict the trend as something will always buck the trend and a statement will follow in hindsight - so I believe and have experienced.
  6. Thanks
    muneeb reacted to Norskgeld in Why are gold prices dropping?   
    As a general rule of thumb: gold price rises when the economy goes down and lowers when the economy goes up.
    It could be anything.
    Any government's statement about just about anything can cause it.
  7. Thanks
    muneeb reacted to silenceissilver in Need advice on buying Gold bars   
    Personally I'm into coins not bars, not going into why again but what size you should go for depends on your (prospect) total gold stack. If it's going to be 10g and that's it and you are not going to buy on a regular basis from now on, I would go for option 2 unless you are too much put off by the higher costs, because I wouldn't like to have all my gold in just one piece which takes away the flexibility of selling only a part, at once. You could argue, this doesn't matter that much if it's only 10g anyway and it certainly also depends on what other assets you hold. For example if you have loads of silver, the argument made, plays  less a role. 
  8. Thanks
    muneeb reacted to Norskgeld in Need advice on buying Gold bars   
    You'll probably get a better deal on a 10g bar.
  9. Haha
    muneeb reacted to Minimalist in Looking for Investment ideas   
    Carstealership?
    It used to be great money 15 years ago. The margins now are a few hundred quid in most used models. I am still amazed people use credit to buy a new model.
    You would hate me, im a non-negotiable cash buyer.
  10. Like
    muneeb reacted to Stacktastic in Looking for Investment ideas   
    Best plan - cost average and buy more when the price goes down. 
    ATS is good and costco as said. Look at the compare section. 
    Dealer would be the best bet, but I bought a lot on here - sound as. avoid Ebay or facebook. 
    Im only in gold stocks now - its looking cheap. 
    Have a look at one of the major producers - especially ones with a dividend. 
    Im in Kinross as its risk reward is good, but Barrick, numb, or Wheaton.
    tons to look at make sure you do your research & stay away from speculation or anything small. 

    GDX is also very safe as they have multiple miners. 

    Not sure about silver, but a major producer that mines, silver gold and copper is key. 
    Poly Metal would be my weapon of choice - UK stock and good dividend.
    I like to avoid Mexico although I own Kinross.
    Hold your cash mate as you only have £1,500 learn how to use the trading platforms and do your due diligence. 
    Trading 212 is good. You may have to wait years for a return - patience is somehting I have learnt now. 
    If you gave me the money & held a gun to my head and told me to make a 5-10 year investment I would. 

    a: stocks to high paying dividend payers (as you still get paid if the value goes negative)
    b: stick to commodities and PM's
    c - Buy stocks that are undervalued & have a good outlook. 

    1: Kazatomprom (uranium)
    2: Polymetal (gold & silver)
    3: Gazprom (oil) 
    4: GDX & GDXJ - miner ETF's. 

    I like Russia LOL. 

    I only have a few stocks as I am holding cash and waiting. For a crash/decline in over valued prices. 
    Ideally I have to wait a few years so i can really build up wealth. 
    A proportion of this is in gold sovs & some silver, but I like the liquidity of cash short term. 

    It would not be a bad idea, if you have to time to flip Facebay stuff (as suggested). 
    I went down the dump the other day & doubled my money in a week,
    but you need to know what your looking at and the demand as seasonality plays a role in many goods (ie golf clubs). 

    Apart from that I am looking at stacking high quality rum, especially four square. 
  11. Like
    muneeb got a reaction from Tn21 in Help with buying gold bar please!   
    Hi there,
    I bought the 1oz gold beast 2021 from Atkinsons. Their prices are very good in comparison to other dealers. I will have a look at your link. Thank you so much for your help.
     
    regards
  12. Like
    muneeb reacted to Nugget in Help with buying gold bar please!   
    I will also give Atkinson a thumbs up, I tend to buy a lot of my gold from there.  
  13. Like
    muneeb got a reaction from Geovest in Help with buying gold bar please!   
    Hi there,
    I bought the 1oz gold beast 2021 from Atkinsons. Their prices are very good in comparison to other dealers. I will have a look at your link. Thank you so much for your help.
     
    regards
  14. Like
    muneeb got a reaction from FlorinCollector in Help with buying gold bar please!   
    Thank you!! 
  15. Like
    muneeb reacted to Geovest in Help with buying gold bar please!   
    The security packaging of top bar has clearly been tampered with. Rather buy from a reputed dealer. Bullion by post, Gold.co.uk and Gold-bank have them in stock or ask on the forum if someone has one to sell. 
    Also note that Pamp make bars with different designs, The one at the bottom, Lady Fortuna, is the most popular
  16. Thanks
    muneeb reacted to kimchi in 2021 UK Queen's Beasts Completer 1oz Gold Coin   
    Well, very nice indeed, a fantastic first three pieces in my humble opinion and very glad to help!
  17. Thanks
    muneeb reacted to kimchi in 2021 UK Queen's Beasts Completer 1oz Gold Coin   
    It can be variable with bullion, but yes with extra transport in tubes they can and do rub together, usually one of the worst areas is the Queen's cheek. But they are treated pretty roughly at production too so I wouldn't expect perfection straight from the Mint (even the minting process can be bad!).
    That said my one from Atkinson's looks pretty good, and in the past I bought some lovely new Britannias from Bullion By Post (until I worked out there are cheaper places).
    Even with slight scratches I think these are lovely bullion which should at least retain the slight premium over e.g. Brits and are a good investment, I would not hesitate to pick up more if I had the funds
  18. Like
    muneeb got a reaction from kimchi in 2021 UK Queen's Beasts Completer 1oz Gold Coin   
    Thank you! Means a lot.. got 2 of the silver ones too. 2 oz.
  19. Thanks
    muneeb reacted to FlorinCollector in 2021 UK Queen's Beasts Completer 1oz Gold Coin   
    However, for the first piece of your stack you have picked the perfect coin  
  20. Thanks
    muneeb reacted to MrTT in Looking for Investment ideas   
    Gold & silver mining stocks could be a good idea
  21. Haha
    muneeb reacted to Fishface220 in Thoughts on when to stop?   
    When it stops being so pretty and shiny!
  22. Thanks
    muneeb reacted to watchesandwhisky in Looking for Investment ideas   
    From a £1500 investment £15 a day would be a 1% daily return or 360% yearly - not going to happen im afraid without Highly speculative high risk investments you are more than likely going to lose the lot. 
    Some good advice in this topic though, and its great to want to grow your money but I think you will need to scale back your expectations drastically. 
    Good luck! 
  23. Like
    muneeb reacted to FlorinCollector in Looking for Investment ideas   
    @Roy yep finding this forum while at uni helped to. Some of my mates just started working this year. From many many youtube videos I learned even if someone comes out to a higher salary it is very hard for them to catch you financially. 
  24. Like
    muneeb reacted to Paul in Looking for Investment ideas   
    As a black sheep of society, your question gets asked every so often, folk never seem to suggest to investing in "YOURSELF " 
    and is always the best answer in my opinion
    * Get that next skill, take that next course, a more skilful YOU makes YOU stand out from the crowd & be more more valuable to other employers
    * Invest in a gym membership or personal trainer to improve YOUR health.  If you are able to live & work an extra x10+ years due to better lifestyle will earn you £100,000s+
    * Invest in YOURSELF learning how to cook. learn batch cooking. learn how to cook great food for less.  learn how to cook the food that is good for you. your family & extended social circle will thank you for it. learn to not have to rely on fast food or processed food 
    * Invest in YOURSELF with private health tests and food allergy tests to check you are not deficient or lacking or you are not eating stuff that is bad for you or affecting your day to day function/performance. Invest in water purification for your home, cleaner water with the extra oogly-booglies removed your body will thank YOU for it every day
    * Invest YOUR time better, listening to audiobooks instead of watching football or soaps
    * Invest in yourself every day with meditation and positive direction & choices = FREE but how many folk do it
    * Invest in a pack of "post it notes" to say what you want from the day, week, month and where you want top be.  Visual affirmations daily make them far more likely to happen/succeed 
    * Invest in YOUR business - Purchase the better camera to take better shots, Get the higher PSI pressure washer for your business, to do dirtier jobs easier and faster, invest in learning niche marketing or FB ads
    * Invest in marketing YOURSELF further with a bigger social network on LinkedIn. Improve YOUR social circle. Your life will resemble the folk YOU are closest to. Investing your time with losers will result in loser results
    * Invest in improving YOUR house to lower utility bills & costs, invest in a ultra efficient boiler to lower your energy costs
    * Invest in DOING rather than saying, the path to success is not a straight road and it is the mistakes you make along that road that make you succeed when you choose to learn from them 
    * Invest in the highest speed internet so YOU can do YOUR job faster
    * Invest in YOUSELF by becoming a "people pleaser", don't be a money ££ chaser leach.  Seek greatness/ By being a people pleaser, solving peoples needs & problems, make something or service that is faster/easier/tastier/smaller/better/nicer/softer/cheaper/shinier than your competitor(s).  By being a "people pleaser", money will naturally gravitate to you & happily THROW money at you by simply solving peoples needs better than the next
    Note every suggestion has YOU in the the content.
    No-one is doing this for YOU - YOU are doing it for YOU 
    Investing £1,500 in yourself and self-betterment, will brings dividends many multiples of value far higher than having it sat in a 0.00001% bank, in premium bonds or a useless yellow metal  
  25. Thanks
    muneeb reacted to HyHy in Looking for Investment ideas   
    Hi @muneeb, have moved your post into the appropriate forum. Thank you.
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