bluemoon

Lots of bullion dealers in Hatton Garden.  There's a load of jewellers, PM dealers and suchlike around the area.

Usual mother-in-law thing, she wants a different car last minute. So put off for now, will keep the page posted.

Watches, art, jewellery are also assets to keep outside the system. Wine too. Lots of things actually.

I had a similar post all written out last Thursday then decided against posting it because I didn't want to be the miserable git spoiling the party! But now that you've given me cover, we can do a little crossfire...
Yes the hype I'm seeing in public is familiar to the last bubble. The optimism on this forum reminds me of the Kitco forums when I was on there after the 2011 bubble burst. There was huge anguish and despair from people who bought at the top and were losing their money. I even remember one thread title on there that was "AAAGGGGHHHHHH!!!!!" - That's how painful it is to lose money after you jumped on the bandwagon. I've seen this sheepy FOMOness not only in silver in 2011 but also twice in Bitcoin's 2 bubbles so far.
Lesson here is be sensible, don't celebrate and don't have visions of buying a mansion just yet. Keep making money and putting it into the gold safe haven using cost averaging.
I'll get my coat!

I had a similar post all written out last Thursday then decided against posting it because I didn't want to be the miserable git spoiling the party! But now that you've given me cover, we can do a little crossfire...
Yes the hype I'm seeing in public is familiar to the last bubble. The optimism on this forum reminds me of the Kitco forums when I was on there after the 2011 bubble burst. There was huge anguish and despair from people who bought at the top and were losing their money. I even remember one thread title on there that was "AAAGGGGHHHHHH!!!!!" - That's how painful it is to lose money after you jumped on the bandwagon. I've seen this sheepy FOMOness not only in silver in 2011 but also twice in Bitcoin's 2 bubbles so far.
Lesson here is be sensible, don't celebrate and don't have visions of buying a mansion just yet. Keep making money and putting it into the gold safe haven using cost averaging.
I'll get my coat!

I had a similar post all written out last Thursday then decided against posting it because I didn't want to be the miserable git spoiling the party! But now that you've given me cover, we can do a little crossfire...
Yes the hype I'm seeing in public is familiar to the last bubble. The optimism on this forum reminds me of the Kitco forums when I was on there after the 2011 bubble burst. There was huge anguish and despair from people who bought at the top and were losing their money. I even remember one thread title on there that was "AAAGGGGHHHHHH!!!!!" - That's how painful it is to lose money after you jumped on the bandwagon. I've seen this sheepy FOMOness not only in silver in 2011 but also twice in Bitcoin's 2 bubbles so far.
Lesson here is be sensible, don't celebrate and don't have visions of buying a mansion just yet. Keep making money and putting it into the gold safe haven using cost averaging.
I'll get my coat!

I had a similar post all written out last Thursday then decided against posting it because I didn't want to be the miserable git spoiling the party! But now that you've given me cover, we can do a little crossfire...
Yes the hype I'm seeing in public is familiar to the last bubble. The optimism on this forum reminds me of the Kitco forums when I was on there after the 2011 bubble burst. There was huge anguish and despair from people who bought at the top and were losing their money. I even remember one thread title on there that was "AAAGGGGHHHHHH!!!!!" - That's how painful it is to lose money after you jumped on the bandwagon. I've seen this sheepy FOMOness not only in silver in 2011 but also twice in Bitcoin's 2 bubbles so far.
Lesson here is be sensible, don't celebrate and don't have visions of buying a mansion just yet. Keep making money and putting it into the gold safe haven using cost averaging.
I'll get my coat!

I had a similar post all written out last Thursday then decided against posting it because I didn't want to be the miserable git spoiling the party! But now that you've given me cover, we can do a little crossfire...
Yes the hype I'm seeing in public is familiar to the last bubble. The optimism on this forum reminds me of the Kitco forums when I was on there after the 2011 bubble burst. There was huge anguish and despair from people who bought at the top and were losing their money. I even remember one thread title on there that was "AAAGGGGHHHHHH!!!!!" - That's how painful it is to lose money after you jumped on the bandwagon. I've seen this sheepy FOMOness not only in silver in 2011 but also twice in Bitcoin's 2 bubbles so far.
Lesson here is be sensible, don't celebrate and don't have visions of buying a mansion just yet. Keep making money and putting it into the gold safe haven using cost averaging.
I'll get my coat!

I had a similar post all written out last Thursday then decided against posting it because I didn't want to be the miserable git spoiling the party! But now that you've given me cover, we can do a little crossfire...
Yes the hype I'm seeing in public is familiar to the last bubble. The optimism on this forum reminds me of the Kitco forums when I was on there after the 2011 bubble burst. There was huge anguish and despair from people who bought at the top and were losing their money. I even remember one thread title on there that was "AAAGGGGHHHHHH!!!!!" - That's how painful it is to lose money after you jumped on the bandwagon. I've seen this sheepy FOMOness not only in silver in 2011 but also twice in Bitcoin's 2 bubbles so far.
Lesson here is be sensible, don't celebrate and don't have visions of buying a mansion just yet. Keep making money and putting it into the gold safe haven using cost averaging.
I'll get my coat!

You’re thinking about it all wrong. With a devaluing fiat currency there is no point converting gold into pounds at any price. “At what point would you exchange your gold for real assets?” should be your question here.
For example at the current conversion ratio you could swap about 100 oz of gold for a small two bedroom house. That’s a lot of gold for only a small house. As asset prices drop and gold prices go up that ratio will improve considerably. At it’s peak we are likely to reach a point where we will be able to swap just 10 oz of gold (or less!) for a small two bedroom house. This means that at the current price gold is still a long way off its peak ‘real world asset’ to gold ratio value.
The gold price to fiat currency ratio is irrelevant. The gold price in real asset terms is all that matters. How much ‘real stuff’ can I buy with gold. When I think we’ve reached the peak gold to asset exchange ratio that is when I will sell my gold and not before. Wait until that ratio peaks then temporally exchange your gold into a currency and use that currency to buy the real assets that you want at a massive discount.
This global currency collapse is a once in a lifetime opportunity. Don’t waste it be selling your gold early before everything has crashed.

Bitcoin rallies even if you happen to fart in it's direction, I'm not sure it's to do with the fiat collapse, the gold rally is definitely more connected.
I echo @flyingveepixie's comments RE: the sheep, some are taking notice but just a few official looking press conferences from Downing Street telling them it's all under control will convince them to leave their bank balances where it is.

Bitcoin rallies even if you happen to fart in it's direction, I'm not sure it's to do with the fiat collapse, the gold rally is definitely more connected.
I echo @flyingveepixie's comments RE: the sheep, some are taking notice but just a few official looking press conferences from Downing Street telling them it's all under control will convince them to leave their bank balances where it is.

I think most people will leave their capital alone due to their entire financial life centred around direct debits, standing orders and overwhelming urges to buy landfill off amazon via debit cards. Not forgetting the Costco contactless coffee treats during work breaks. Who'd want to give all that up just to save your life savings? 

Yes it does look overbought from a technical perspective. I bought today anyway. Even if it dips from here, it still won't be as bad as 12% inflation per year like fiat is doing.

Exactly this.
I'm buying silver at the moment. Gold is too bullish for me. I was going to get back into it, but now isn't the time (for me). I'd be holding gold now if I had it. If it goes up to the £1650-£1700 range, I'd even contemplate selling it.

If the rule of thumb is to go against sentiment, the sentiment is very bullish. YouTube pumpers are mega-hypey right now, talking like the Bitcoin YouTubers from a couple of years ago... even the sheep in public are taking notice. Even though I bought, I woudn't be surprised if the shorters come in soon and leave a bloodbath.

If the rule of thumb is to go against sentiment, the sentiment is very bullish. YouTube pumpers are mega-hypey right now, talking like the Bitcoin YouTubers from a couple of years ago... even the sheep in public are taking notice. Even though I bought, I woudn't be surprised if the shorters come in soon and leave a bloodbath.

Yes it does look overbought from a technical perspective. I bought today anyway. Even if it dips from here, it still won't be as bad as 12% inflation per year like fiat is doing.

I bought. Even if it goes down, 1) It will be offset by my previous purchases over the years which are well up. 2) Any downturn is always temporary when it comes to gold.
The high prices stung, but at least I'm in now and got that cowpat fiat out of the system.

Jokes aside it's a fair point. How easy will it be to sell Britannias on this forum when they're £3,000? I wonder how many people here manage to shift gold 100g bars.

Jokes aside it's a fair point. How easy will it be to sell Britannias on this forum when they're £3,000? I wonder how many people here manage to shift gold 100g bars.

Yes I am serious mate. I think going forward buying half sovereigns might be the play. Anytime I want to shift one itll be easier and less money than trying to sell a full sov. 
The only bit that is holding me back is how tiny they are but it just shows how s*** our money is. 

Jokes aside it's a fair point. How easy will it be to sell Britannias on this forum when they're £3,000? I wonder how many people here manage to shift gold 100g bars.

Jokes aside it's a fair point. How easy will it be to sell Britannias on this forum when they're £3,000? I wonder how many people here manage to shift gold 100g bars.

I bought. Even if it goes down, 1) It will be offset by my previous purchases over the years which are well up. 2) Any downturn is always temporary when it comes to gold.
The high prices stung, but at least I'm in now and got that cowpat fiat out of the system.