Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

StackerCollector

Member
  • Content Count

    147
  • Joined

  • Last visited

  • Feedback

    100%
  • Country

    Germany

Profile Information

  • Gender
    Male
  • Location
    London
  • Stacker/Collector
    Both

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. I only purchase silver when there is a bargain here on the forum. Premiums are crazy even at the european dealers. If price should dip to the $10-12 area and the premiums are no longer insane then I will add a few hundred more ounces. I am willing to hold my pm until retirement and always keep enough cash so I can survive for at least a year without any income should the economy go into a depression. Jp morgan is sitting on hundreds of millions of ounces - they do know something.
  2. Same here. I do get paid weekly and allocate money right away to ISA, Degiro brokerage account and metals. It's really motivating to see small but steady gains overall.
  3. Working and saving hard to reach 6 figure net worth so I can start my own business and have multiple income streams. Living in expensive London is not making it very easy But I do manage to save 60% of my salary. Don't need a car, no mortgage, no cellphone contract, no netflix. Living well below my means is paying off bit by bit.
  4. A little silver for my stack. Thanks to @arshimo2012 and @fehk2001. Total ounces of fine silver: 513. Getting there bit by bit 😁
  5. Gold - high or low price doesn't matter to me whatsoever. Not selling. Buying more instead. It is my protection against hyperinflation and if that does not happen, which would actually be a miracle, then my gold will be for my retirement. Can't rely on the governments to pay me (Germany and UK that is).
  6. Think we are in "bear trap." Meaning people buy on the current dips and then the markets fall to even lower levels. So I'll wait until we reach 2008/2009 levels for Dow, Nasdaq etc. Maybe there will be a BP and HSBC for 1 pound, a Vodafone for 50p and a Royal Dutch B for 5 quid.
  7. I like to buy from dealers, like Chards, that list on their website the premium for each gold coin. Makes it easy to pick the best deals.
  8. Gold Britannias and sovereigns are Capital Gains Tax free - gold bars are not.
  9. https://kingdomecon.wordpress.com/2019/03/20/bis-to-reclassify-gold-as-a-tier-1-asset-on-march-31-2019-what-is-the-implication/
  10. Last year the Bank of International Settlements (boss of all central banks) wrote that gold will be now be treated as a Tier 1 asset. And the central banks have been purchasing physical gold for years like never in history. So.... gold will be a winner in the future! They are the insiders, why would they buy something that will lose in value? Same goes for silver. JP Morgan would not buy physical silver if they knew it wouldn't go up big time!
  11. I've stayed out of the markets as I was aware that a crash was coming, different trigger though this time. In the next few weeks and months I will buy small packages of blue chip stocks (cost average effect) that might not pay dividends in the first 1 or 2 years but these are all stocks I intend to hold for a very long time for dividends. Let's take BP as an example. I'd love to get that one at 2 pounds, price might go up again in a few years to 6 and given a 5% dividend it will be a 15% dividend calculated on my entry. As goes with Royal Dutch, Allianz, HSBC, Exxon, Aviva etc. I will just need to have balls to jump in as stocks are cheapest when no one wants them and everybody is fearful
  12. Thanks to @arshimo2012 for the Britannias and the bar. And the sovereign is my first order from Chards. Cheapest I could find last week.
  13. Michal - give some of those to Keith Neumeyer. He'll be so happy and he will wonder why he was going through all these trouble for years to mine that silver when it can be had so easily instead ;)
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use