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Reputation Activity
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dicker got a reaction from Midasfrog in Gold Monitoring Thread £ GBP only
I am clearly behind the curve!
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dicker reacted to Empire in Gold Monitoring Thread $ (USD) only
When you think about it the price isn't that surprising. Most bonds yielding negative, massive amounts of money being printed by central banks, massive layoffs incoming once government support winds down, possibility of a second wave, geo-political tensions with USA / China. It's getting scary.
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dicker reacted to Goldmansacks in Gold Monitoring Thread $ (USD) only
Think it was a fire in a Fireworks storage facility,think it's just demand that is causing the spike.
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dicker got a reaction from CadmiumGreen in Your gold story. How it happened.
Bought Sovs originally in the 90’s to be able to buy my way out of very dangerous situations in a 3rd world country.
Luckily never had to use them, but had an appreciation from that point onwards.
One marriage later and I met an Aussie from Perth. Her parents were very old but they were collectors, and we had shared interested.
Always bought from the point I met her.
Best
Dicker
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dicker reacted to Goldmansacks in The coming Gold crash
OP waiting in the wings for any sign of a drop...🙄 but noticeably quiet...
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dicker got a reaction from Stuntman in Your gold story. How it happened.
Bought Sovs originally in the 90’s to be able to buy my way out of very dangerous situations in a 3rd world country.
Luckily never had to use them, but had an appreciation from that point onwards.
One marriage later and I met an Aussie from Perth. Her parents were very old but they were collectors, and we had shared interested.
Always bought from the point I met her.
Best
Dicker
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dicker reacted to Paul in Your gold story. How it happened.
I'm 43 now and through my twenties, i guess I must have staked and wasted around £75k-£100k at a rough guess through FOBTs, online poker and land based casinos.
Some good days but it all quickly went back as losings in the end.
I went cold turkey at 30-31 and managed a few months until i relapsed again.
Told myself never again.
It was this time I found about gold, since 2008-2009 I have bought investment gold every month, a gold sovereign here, a half sovereign there, 1/2 oz on a good month, a full oz of fine gold when bonus from work.
What this did was separate actual cash i could gamble and move it into another tangible thing with value that i couldn't easily spunk away or spend.
Slowly but surely, my gold stack has grown, every month, as i would buy a another gold coin every fortnight or so.
The ancient Aztecs called Gold 'the sweat of the sun'
Blood, sweat, tears and toil getting it out of the ground.
YOUR blood sweat and tears represents how hard you have worked to get this coin you now hold, and continue to hold ongoing.
Your pile of gold increases monthly.
Gold is also a little bit of a gamble, it will never go to zero, it has been money for 5,000+ years, and can also go up in value
Currently im now VERY nicely up in £ terms if i chose to cash in and take some profits.
A quote stuck with me quite prophetically, as i've never believed in loans or credit cards.
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” ― Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order
The bigger my gold stack grows the more satisfied I become and want more. A positive kind of addiction.
I have not yet cashed in one single coin for gambling and my investment pile has grew.
I have cashed gold in here on the forum and realized better than dealer prices to increase my business and expand/buy new vans/staff/tech
This degree of separation that takes place between the gold coin and actual cash i can spunk gambling is awesome.
Yet i know at a glance my total gold grams i have on any given day, and know how much it is worth should i cash in.
When money is in a bank AC it is just like figures on a screen to me, cash in my hand just gambling token/betting voucher credits.
I could never hold onto money while it was in a bank account, savings account would be were there for good intention but the money came out for gambling.
Gold doesn't do that for me, the degree of separation between between the time and effort it takes to cash in a gold coin, packing posting, sending, waiting for bank transfer for payment etc. is a few days minimum.
By which times my urge to gamble has long since past.
whilst i will always have that gamble bug inside me, i cant extinguish that flame as i like to to take risks, i'm self employed and risk = reward. and i have done well working over the years.
I still have my monthly little gamble, but as my priority with my spare cash is always to buy a minimum amount of gold, i'm never exposed to loose mega money EVER, fact these days, as the money isn't there because it has been converted from one asset class cash into another asset gold.
The small amount i assign myself to have a gamble is minimal, £100 or £200 for a month. should i win, i actually treat myself to some more gold coins for my stack.
With doing this approach and putting what used to be gambling stake money cash into gold, i've got my good nest egg of gold if i cashed it in from my safe deposit box.
I purposely store the gold in a safety deposit centre in a city that is over 2 hours drive/train ride away to resist the sudden urge to gamble/cash in.
A financial advisor would tell you it is stupid and daft to put all your eggs in one basket with one asset/investments, but to a gambler?
would i sooner have this, lots of gold is much better than having nothing at all, **** all to show for it - so it works for me
Knowing this fall back of savings is there for any of lifes eventualities makes me sleep wonderfully at night.
This approach may not be for everyone but if you can never hold onto money it has worked wonders for me.
Sorry for the rambles length here today but to those nodding their head to this and this life course maybe sounds a familiar path to yours, if my narrative resonates with you, give gold a try. please try it, you might just like it, or start just buying gold with your big wins.
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dicker reacted to BrumChris in Gold Monitoring Thread £ GBP only
Sadly plenty of that. People buying none or poor paying dividend stock purely on the belief that share prices will rise is the very definition of a bubble. At least gold has intrinsic value.
Interestingly I've seen several professional advisors publicly ripping into gold recently. One has to wonder how much gold they're buying on the sly.
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dicker reacted to AuricGoldfinger in Gold Monitoring Thread £ GBP only
Got sick of watching gold go up and up. So just ordered 20 sovs to add to the rest.
Thought I should mention it so you can all prepare for the huge dip coming.
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dicker got a reaction from AuricGoldfinger in Gold Monitoring Thread £ GBP only
We have a lot of armchair experts who make predictions about short term prices of various assets. I can’t to this but I do think stock remains “toppy” in value
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dicker reacted to BrumChris in Gold Monitoring Thread £ GBP only
There was an article in the telegraph at the weekend talking about the US stock market. Basically it's now at dot.com bubble level and hasn't reacted to the coming virus recession. A lot seems to be driven by amateur investors pouring in. Many professionals worry that a major crash is coming just like the millennium so are turning to gold.
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dicker reacted to Abyss in Anonymity
Governments around the world will confiscate purchasing power of its citizens via steadily increasing inflation. Any future banking defaults then bail in laws used make the banks whole.
The world market for Gold is to big for any individual government implement confiscation policy and easier ways governments to balance their books.
Chards did not require any ID until I purchased over (I believe) 5 oz Gold. Also purchased lot of Gold/Silver from European Mint also did not require ID. £2.5k worth of Sovereigns best (cheapest) method via forum.
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dicker reacted to MickB in Anonymity
I was asked for I.d. when I bought my kilo silver bar from a European dealer online a few years ago and they said the order wouldn't go through without it. I said that this is the only thing I'd be ordering from them and they can forget the sale if they want. It went through without any id being handed over. Never used them again but I didn't intend to after that.
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dicker reacted to Kookaburracollector in Gold Coins of South America
Just the wife 😂! But she ain’t MS!
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dicker got a reaction from Kookaburracollector in Gold Coins of South America
Hi @KookaburracollectorIndeed!
They are very nice coins with an interesting history. I have asked a friend who lives in South America to have a look at / for records on these coins. He is a busy chap but will eventually come back with some info which I will share if you are interested? I don’t have the language skills and access to sources sadly.
Best
Dicker