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Posts posted by m3rlin
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31 minutes ago, Spyder said:Ag
Current Price
£23.85
10 Year Change
108.42% £+12.4010 Year high £25.0310 Year low £9.07AuCurrent Price
£1,832.11
10 Year Change
142.82% £+1,077.5910 Year high £1,929.1210 Year low £694.19Last 10 years when this forum started and the price between the two is not such a big difference.Last year Aldi were selling a packet of 10 hotdogs for 99p and last I saw they were 190p so both metals have not kept up with inflation. We stack because it makes us feel good.exactly this, good one Spyder.
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what @GoldDiggerDave tray to say is that if you look around you will find better investments that gold or silver, and this is true.
the thing is, you need to be very very lucky or do as good or better than some of the best hedge funds if you want to make return every year, or at least have some years with very small losses followed by years with huge returns.
you really need to build an portfolio, you need diversification (metals,energy, agricultural, currencies). it's about with how much you start, and how much return you can get for the risk you take. if you do half as good than this guy you are golden.
- MBTPSilver and Aldebaran
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20 minutes ago, GoldDiggerDave said:
@m3rlin go back to 1971 with £300
put £100 in gold, £100 in silver and leave £100 in the best interest account you can.
what are each one of those £100 worth today?
I’ve tried to go back past 1971 but that makes my head hurt with re coinage, re valuation, and decimalisation.
not being the bad man, as @theman73 would think I am, there’s a lot of people here know me personally, and know I’m passionate about people looking, learning and thinking for themselves.
took the liberty and used $1000 for each (gold,silver and SP500 index). i did use S&P500 instead of the saving account as i can't find a proper interest rate offered by banks. this numbers are not exact but good enough for me at least. The best return it;s by far S&P500 if accounted for dividends as well.
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5 minutes ago, GoldDiggerDave said:
Thank god it’s got someone else looking at this.
what did you come up with for £100 worth of silver bought 50 years ago?
i haven't look at that, i just check right now:
pound/dollar rate was 2.4 in 1974
silver price in dollar was 27.3 (£ 11.375) so £100 was buying like 8.8 silver oz in 1974.
full disclosure: i was dumb in school and still i am today, so above prices/ math maybe it's not correct.
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by the time @GoldDiggerDave and @theman73 arrive to a consensus the guys from main street and wall street sold and bought paper contracts on gold, silver and other commodities worth billions at face value, and made them profit and losses worth millions.
and i think £100 with an yearly ROI of 9.1% for 50 years it's £7,784.62 and not £9302. And i think this is what bank charged for loans and not paying you for saving.
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34 minutes ago, gji25 said:
The parent company of Royal Mail is “minded to recommend” a £3.5bn bid from Czech billionaire Daniel Křetínský, following weeks of negotiation.
International Distributions Services (IDS) has been offered 370p per share in the form of a non-binding proposal from EP Group, the European industrial giant controlled by Křetínský. This consists of 360p per share in cash, a final dividend for FY2024, and a special dividend conditional upon completion.
exactly, that’s whay i posted it.
if you want to make money, follow the money.
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9 hours ago, Chronos said:
Look at my post from one hour ago ...
haven't seen the post as i did skip to the last page. article was funny in a way because i closed my copper position at the end of April and now i want to slap myself. lol
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1 hour ago, Gradient said:
Can I take this if it's still available?
yes, it's yours
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1 hour ago, AndrewSL76 said:
What was interesting was that this prediction was the day after the PM announced the UK would go into lockdown. The Coronavirus Act received royal assent the following day and the UK went into lockdown on 26 March.
Crazy timing and Wonger most likely thought that everyone would be selling. He took a punt. It was a wild punt!!
that's why in life we should have strong opinions, weakly held
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sold over pm, thank you TSF
withdrawn
in UK (Ungraded)
Posted
Lovely coin 👍