Mcgrimes

3 hours ago, BullionBuyer said:

Just because we are not on the gold standard does not mean that we cannot price things in gold. Gold is a currency after all - in fact it is THE universal currency - more so than the Dollar. 

I think you are right in that the price of gold will ultimately be driven by the supply and demand of physical gold. Today gold price MAY be manipulated (COMEX market for example or the disclosure of traders who have admitted to manipulating price- can't remember which banks) but ultimately when the SHTF it will be real demand and supply that will determine price. 

what do you mean by gold is the universal currency? I’ve never bought goods with gold

@ChrisSilver I think it’s time to purge the deals thread!

I find the signed for service very useful - there’s just a general bias here because it doesn’t cover PMs. 

Signed for is very useful when posting official letters of significance or combating general fraud. It’s just as useful as special delivery in 99% of the times as they are both tracked, first class is generally next day anyway and they both offer compensation. The only significant difference is the value of compensation offered and items covered, and you pay for this privilege.

9 hours ago, Zhorro said:

The problem with "Signed For" is that it records something going into the postal system, and hopefully coming out of the system on delivery.  The problem is, in between, there is no additional security over the item - indeed it merely advertises the fact that there may be something worth stealing inside the envelope!

But signed for provides compensation for many items and introduces a formal record of posting/receiving 

It’s good to raise this so others don’t fall foul, but in RMs Defense, they clearly state the insurance provided with each product. 

As to using Signed for service for PMs, it’s clearly a risk based approach. If regularly sending out £25 coins, then the money you’d save on postage would surely out weigh the risk of losing 1/1000 items. 

The other issue is selling on eBay - too many con men out there who know exactly how to milk an honest seller.
 

On 15/10/2019 at 18:18, Coolsmp said:

£287.49 now

FYI I’m £8 cheaper on sovs  

Is their website down?

2 hours ago, shawy2510 said:

Like you say its all a learning curve,

I remember having £1000 in XRP & it had not moved hardly in 6 months so I put it into another coin & overnight it went up 18x so £17000 profit I could have had ifs & buts 

Haha, I share your sorrows - when £125 became £3500, became £100!

5 hours ago, Abyss said:

Technical analysis has lot of negative associations. I could add hundreds of indicators to the charts and come into state of paralysis by analysis. You need devote time energy, effort, dedication into the study of Technical Analysis before dismissing it as voodoo science. I use Technical Analysis to avoid the following situation happening and keep my  emotional state in check.

But as with everything in life the more you study/practice the more proficient you become.

Admittedly I’d class that more of a fundamental strategy; I’ve tried and tested typical ‘technical’ strategies with candlesticks and come to learn it’s a guess with less than a 50% success rate due to the spread. 

The chart you’ve shared would likey coincide with typical fundamentals such as P/E ratios.

What really frustrates me with technicals is the traders who value the Fibbionaci ratio like a golden ticket to the chocolate factory; and I bet some book sellers make a killing,

My strategy? Look for reliable earners with good track records and a place in the market. I’m boring when it comes to equities.

I came here to say that chart analysis is a load of bad; if the patterns were true then everyone would be a millionaire.

I have my gold as a hedge against a bad Brexit.