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MonkeysUncle
Reputation Activity
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MonkeysUncle got a reaction from Skyfiller in 1 oz gold bar - Perth Mint or Credit Suisse?
I voted Perth, but as been said above be EXTREMELY careful where you buy from. Trusted dealer or contacts otherwise you'll have a bite taken out of your ass.
Having said that, I'd buy neither of these and take a coin instead.
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MonkeysUncle got a reaction from bobski in Binlord of the week on ebay
Might contain more gold than his coins?!🙄
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MonkeysUncle got a reaction from Fenlander1 in Binlord of the week on ebay
Might contain more gold than his coins?!🙄
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MonkeysUncle got a reaction from Lancashire1 in Binlord of the week on ebay
Best thing to do with the equality act is shove it somewhere the sun doesn't shine. The outer Hebrides for example 😉
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MonkeysUncle reacted to katyc in Gold 2024: How low can it go?
I also agree gold probably won't make anyone rich over night (if they have less than 30k for example) but it will protect us and could considerably boost our net worth (once every 10-20 years - during the right crisis).
However, I think that those positioned to afford more could make life changing amounts. An example is Rick Rule; he openly admits he is waiting for the 5-fold hike that comes around every decade or two over a short period. I imagine a person like Rick will have hundreds of thousands in gold - so if that happens - then it will make him very rich indeed.
We all have different views - not one view is 100% accurate - we can just go on our gut and research to the best of our abilities. One thing gold is; it is safe. Way safer than fiat currency losing value to inflation and safer than the unpredictability of speculative trading. Gold and houses are my favourite investments; physical, tangible assets that appreciate in value over a long time (houses generate passive income too).
I also think adding (reliable) index funds would work well too (however, I'm not touching the S&P until this rate cycle is over and rates have settled wherever they are going to settle - because historically, 90%+ of the time the rates drop, it results in a considerable recession (stocks drop, gold rockets - that's not speculation - it's a statistical fact - but never put all the eggs in that basket, as you have rightly said as there's never a guarantee). But gold and cash at the moment are my focus (because the economy is not healthy and interest rates are still really good for now).
Since the 1930s a dollar now buys 1 cent of goods. Gold still buys 100% of those goods. For me, the inflationary reason alone is enough to tell me all I need.
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MonkeysUncle got a reaction from HonestMoneyGoldSilver in Binlord of the week on ebay
Best thing to do with the equality act is shove it somewhere the sun doesn't shine. The outer Hebrides for example 😉
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MonkeysUncle got a reaction from stackerp5 in Gold 2024: How low can it go?
You will never know when "cheap" is. Everytime you ponder you'll be thinking will it go lower... and then up she goes.
Very much a mugs game, and don't get me started on these idiots and their charts. They are fairy stories like horoscopes.
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MonkeysUncle got a reaction from stackerp5 in Gold 2024: How low can it go?
Buy some now. Don't sit on the fence.
Either throw the lot in in one shot and don't fret over short term movements or divide your pot into monthly amounts and buy some every month.
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MonkeysUncle got a reaction from stackerp5 in Gold 2024: How low can it go?
I don't expect a significant movement either upwards or downwards unless we have some proper shenanigans. Covid II, The Return of the BS, or Winnie the Pooh becoming US President or Vlad invading Georgia or the Chinese flooding the market or some such.
I've been perched on the fence, as usual, since I got my 2023 bullion Sov. Likely I'll hop off the fence for a few minutes to add a 2024 bullion Sov to the stash.
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MonkeysUncle reacted to Fenlander1 in Gold 2024: How low can it go?
I understand you trepidation of when to buy due to spot price. If you are planning to hold short term then maybe spot price is a concern but for the long term it really is not that important.
By waiting you could miss out on what may become a great price now and you will kick yourself as we all do when we look back and think if only I had invested heavily then.
Spot may drop but it could also rise.
If a good return no risk investment is what you are looking for then gold is probably not the best option but as an option to fiat and a hedge against future inflation its OK.
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MonkeysUncle got a reaction from Shinus73 in Gold 2024: How low can it go?
You will never know when "cheap" is. Everytime you ponder you'll be thinking will it go lower... and then up she goes.
Very much a mugs game, and don't get me started on these idiots and their charts. They are fairy stories like horoscopes.
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MonkeysUncle got a reaction from BLOOMMAN101 in Gold 2024: How low can it go?
You will never know when "cheap" is. Everytime you ponder you'll be thinking will it go lower... and then up she goes.
Very much a mugs game, and don't get me started on these idiots and their charts. They are fairy stories like horoscopes.
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MonkeysUncle got a reaction from BLOOMMAN101 in Gold 2024: How low can it go?
Buy some now. Don't sit on the fence.
Either throw the lot in in one shot and don't fret over short term movements or divide your pot into monthly amounts and buy some every month.
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MonkeysUncle got a reaction from JohnA1 in Gold 2024: How low can it go?
Buy some now. Don't sit on the fence.
Either throw the lot in in one shot and don't fret over short term movements or divide your pot into monthly amounts and buy some every month.
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MonkeysUncle got a reaction from Cityman1 in Gold 2024: How low can it go?
You will never know when "cheap" is. Everytime you ponder you'll be thinking will it go lower... and then up she goes.
Very much a mugs game, and don't get me started on these idiots and their charts. They are fairy stories like horoscopes.
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MonkeysUncle got a reaction from Cityman1 in Gold 2024: How low can it go?
Buy some now. Don't sit on the fence.
Either throw the lot in in one shot and don't fret over short term movements or divide your pot into monthly amounts and buy some every month.
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MonkeysUncle got a reaction from Fenlander1 in Gold 2024: How low can it go?
Buy some now. Don't sit on the fence.
Either throw the lot in in one shot and don't fret over short term movements or divide your pot into monthly amounts and buy some every month.
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MonkeysUncle got a reaction from Fenlander1 in Gold 2024: How low can it go?
You will never know when "cheap" is. Everytime you ponder you'll be thinking will it go lower... and then up she goes.
Very much a mugs game, and don't get me started on these idiots and their charts. They are fairy stories like horoscopes.
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MonkeysUncle reacted to Anteater in Binlord of the week on ebay
Well he bought a load of fakes from China, they're in his house, and now he's clearing them out.
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MonkeysUncle got a reaction from LemmyMcGregor in Half, Full or Double Sovereigns...
Have to agree, they are very low relief. I blame health and safety... the man bashing the die on the coin probably has a Fisher Price toy rubber hammer so as not to hurt himself.
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MonkeysUncle reacted to Bigmarc in Fractional gold expensive
You could flip a sovereign as many times as you like. A brit? Probably best leave it in the capsule.
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MonkeysUncle got a reaction from Wilburwombat in I just want to say, I got my first sovereign today.
Absolutely the one rule I advise anyone is to clear debts in preference to investing or saving money. Interest payments are money that would be better in your pocket, not someone else's.
Only exception for me is a mortgage; but I'm still locked in at 1.something % for a couple more years.
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MonkeysUncle got a reaction from SeverinDigsSovereigns in Half, Full or Double Sovereigns...
Have to agree, they are very low relief. I blame health and safety... the man bashing the die on the coin probably has a Fisher Price toy rubber hammer so as not to hurt himself.