dicker

It's definitely not a long tail but there is supposed to be a "medium" tail as well as short. I must confess to getting confused with length of horse tails and tend not to hurt my brain studying them too much.
Are you thinking yours is the ultra rare S3866B (MAM129)?

Firstly.   Why are you stacking?    For gold weight or value?    When it comes time to sell are you going to take to bullion dealer or piece up and sell individually?  Do you want 5 of the same design?      On my limited knowledge of 20 francs they shouldn’t be that much above spot

@KevinFlynn Allow me to try and make up your mind as what to collect next....
 

 

 
Am I helping at all 😀😀😀 lol!
 

First post. Just joined the forum. Have been a regular purchaser from multiple UK dealers (some good some bad) of gold, silver and rhodium for many years (and a periodic seller) but somehow didn't find this forum for all this time! Had a brief pause in buying but Brexit has really inspired me to start up my stacking again. I am of the opinion that 2019 will be a great year for gold. My reasoning for this is: Crypto bubble has popped, house prices in UK and US are floundering, people are panicking about holding sterling / euro and stocks are seeing much greater volatility. All are good for gold. I wouldn't be selling now... In fact I'm buying. Anyway, just thought I'd introduce myself.

Very good advice.  I would also add clear your debts first too.  

@pete I think you are bang on.  I honestly think that you have to have the mentality that you don’t have to seek or buy at any specific time to invest properly.
Forget the Hurd and just do the opposite. You can do this quite technically / mechanically or you can take a more informed / gut feel view.

@pete I think you are bang on.  I honestly think that you have to have the mentality that you don’t have to seek or buy at any specific time to invest properly.
Forget the Hurd and just do the opposite. You can do this quite technically / mechanically or you can take a more informed / gut feel view.

There are risks with all investments and plenty of warnings.
When things are running smoothly and your portfolio is rising you can become smug, but without warning, something crashes knocking out all or most of your gains.
You must DIVERSIFY and spread your wealth into several different products.
Never place all your investments into the same basket as at some point you may be hit with a disaster that was not predicted.
There are few experts that get it right all the time so stick to well known products whilst checking fees which can have a big negative affect over time.
If you are a stacker then the general advice is not to have more than 20% of your total assets in PMs.
PMs are in the commodity class meaning high risk.
Everyone knows that high risk also translates to potentially high gains but also potentially high losses.
Another tip is never find yourself HAVING to sell.
PMs will fluctuate and you need to ensure you have cash or other funds in case you have the unexpected need for money.

You need to read some books on investing psychology to understand why you did that, and prevent yourself getting in that situation again, a book costs much less. You react like that to a 5% drop either because you need the money shorter term (you are being dishonest with yourself regarding 'long term investment') or you have invested too much money at once imo.

I sold £7600 worth of my stock investment portfolio last Friday that I bought two weeks ago. I got a loss off £600 and I am pretty annoyd to myself.
The stocks portfolio was supposed to be a long term investment. However I got spooked about the developments in the trade war between China and US. Now that the CFO of Huawei has been arrested the stocks can only go down. I have now decided that I will hide my money under the mattress. I can re enter the stock market but only after I have seen it go down at least 5%

May I politely say I disagree that gold is used for criminal enterprise / money laundering.  
Criminals are desperate to get cash / gold / physical assets transferred into companies, accounts, trades and are even happy to pay tax on their ill gotten gains.  This is why there is massive scrutiny in all banking with respect to any transaction that turns a physical asset into a de-materialised asset.
Criminal enterprise as far as I am professionally aware is very keen NOT to own assets like gold
Best Dicker
 

@dicker totally agree - cash these days for anyone is a nightmare - even when its legit they treat you like pablo escobar!

May I politely say I disagree that gold is used for criminal enterprise / money laundering.  
Criminals are desperate to get cash / gold / physical assets transferred into companies, accounts, trades and are even happy to pay tax on their ill gotten gains.  This is why there is massive scrutiny in all banking with respect to any transaction that turns a physical asset into a de-materialised asset.
Criminal enterprise as far as I am professionally aware is very keen NOT to own assets like gold
Best Dicker
 

For me gold is a hedge not a trading instrument, for that I have brokerage accounts and trade SPY. Gold is a very portable and discrete method of holding value.

Dear Classic Car forum,
20 months ago I bought a nice vintage Jaguar based on the advice I got on this forum.
This morning when I woke up I saw a headline in the paper that said, "Vintage Car Market Down 5% (but Jaguars up strongly)" so what with Brexit and everything, I jumped in my motor and raced to the nearest scrap metal merchant to sell the car.
The proprietor said to me, "Mate, are you sure you want to sell this for scrap? You know I'm only going to take it to a vintage car auction and sell it for a fortune, right?"
To which I replied, "My good man, I have no time for your questions and advice! Brexit, man! Brexit!"
So he gave me 50 quid and I'm glad I got out of this terrible classic car market when I did. I may buy again, but only if the price of all vintage cars falls by 50%.

Wow so much info......   gold price right now £970 Oz 

Now £974 wow

Let's hope it will fall again, I still want to buy much more at the lowest price possible.

Nothing to do with Cameron, at least he gave us the option of leaving, albeit only because he was overconfident of a remain vote.
All the fault of the current craven and treacherous politicians who won't enact the people's will.

No...I would not sell any of my houses in the same way I would not sell gold
But I am degrading my equity positions
To be straight I have a career in investment banking and have seen all sorts of crashes, panics, have seen fortunes lost and made in minutes.  
What works long term in my professional opinion is to buy and hold. 
Best
dicker
 
 

If gold spiked I would sell a portion, otherwise it is there for very old age or a disaster

And the reason for me is balance. Essentially it balances against my other investments.  
It is portable. 
If the terrible hits the fan I can get my family out of the U.K.
Inflation hedge
Plus a long long term investment. I won’t sell and give to my kids
I buy on dips and also on a scheduled basis for pound cost averaging. 
Best
dicker

Oh and additionally, I don’t trust the government not to confiscate my assets and pension
best
dicker

I missed this. But just to answer your questions:
- I don’t just collect PM’s - I invest in lots of asset classes and run a couple of businesses outside of my main job.  Almost all of my investments are long term 10+ years  
- For my kids - because I want them to have a better life than I have had with better early opportunities rather than doing it the hard way. My kids can sell PM’s, properties, investments etc that I leave them and chose what they want to do with the money.
- Bricks and mortar are part of any investment strategy but it’s about balance, and PM’s give a little of that.
All the best
dicker

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.