bluemoon

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.

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.

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.

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.

I'd buy.  Why?  because the 54 billion Francs which were pumped into Credit Suisse haven't really made much of a difference at all (see chart below) and investors are now bringing a class action lawsuit against the bank for playing down it's losses.  Also, the banking sector in general is down today across the board (see second chart below) and I reckon there is plenty more to come with this despite whatever reassurances Sanuk and Biden and that other old bag from the ECB who looks like an alien give. They're just the crooks at the top of the table and it's in their interests to fool everyone into thinking it's all ok.
Gold is on the up again now at £1609.06 as I write and all this banking trouble will drive it higher yet. (IMHO..😊)

I was going to buy last week just before this spike happened, since then I've been waiting for another dip. At this point I should probably just buy. Today's high prices may be next month's dip, so I may as well just get it and be done. If it dips now then whatever, it will come back up eventually. Not what I normally do though, I don't like being rushed!

Forgive me for being the miserable sod in the room but I don't actually care about new highs, only insofar that it's protecting the purchasing power of what we have. We won't get rich with these ATHs, we can play with bitcoin if we want to do that.
That said, I am happy that I'm up on my purchases over the years. Rather bummed that this spike has happened now just as I was preparing to do some more buying. We can't have everything I guess. Will wait a bit.

Forgive me for being the miserable sod in the room but I don't actually care about new highs, only insofar that it's protecting the purchasing power of what we have. We won't get rich with these ATHs, we can play with bitcoin if we want to do that.
That said, I am happy that I'm up on my purchases over the years. Rather bummed that this spike has happened now just as I was preparing to do some more buying. We can't have everything I guess. Will wait a bit.

Forgive me for being the miserable sod in the room but I don't actually care about new highs, only insofar that it's protecting the purchasing power of what we have. We won't get rich with these ATHs, we can play with bitcoin if we want to do that.
That said, I am happy that I'm up on my purchases over the years. Rather bummed that this spike has happened now just as I was preparing to do some more buying. We can't have everything I guess. Will wait a bit.

It's been quite liberating for me since I switched about 4 years ago. I took an existing Android phone like Google Pixel then installed GrapheneOS over it. GrapheneOS is an Android operating system but non-Google. There are others like LineageOS or Brax2. Android is it's own system, people confuse it for being Google itself but it's not. If installing GrapheneOS replacing your Google Android is too technical then you can buy it pre-installed on eBay or get a phone shop to do it. There are YouTube tutorials too.
From there it's just choosing the right apps. I don't use Whatsapp because it's tracking your contacts, location, profile picture and running that all through its Facebook ecosystem. I use Signal Messenger which works exactly the same way but is open source so users can know it's fully private and doesn't do any tracking.
A VPN is the last main protection. It just makes sure your ISP can't see what apps you're using or what sites you visit. ProtonVPN's free version will do.
If you wanted to cut all ties (I don't do this), you can pull out the SIM card and use only Signal Messenger for calls and texts. But I'm not on the run lol.

Well again, the existing infrastructures are the reasons to not want CBDCs, because we see how it is abused (Canada truckers for example). I think your argument is that the existing infrastructure is therefore a gateway to something similar, but that is the slippery slope fallacy.
Smartphones can be very private actually, even more private than dumbphones. GrapheneOS with private apps like Signal Messenger. It's only Google Android and iPhones that are bad. People equate them with all smartphones only because they are the 2 mainstream ones. Smartphones do not mean no privacy.

With the sentiment here calling gold to go up, is that not a sign that it will go down?

You could just buy gold with it now? Just a thought.

You could just buy gold with it now? Just a thought.

Sorry to say this but that’s an awful defeatist attitude.
Even in China under the strict regime of the Chinese government the rollout of their digital Yuen CBDC has stalled because people refuse to use it. So far everywhere a CBDC has been rolled out people are refusing to use it and it’s working. Even in communist China! So have a bit more faith in yourself and your fellow man. All you have to do is continue paying for things using any existing method other than the CBDC. That’s not so hard is it?

Or Elon.

It's been quite liberating for me since I switched about 4 years ago. I took an existing Android phone like Google Pixel then installed GrapheneOS over it. GrapheneOS is an Android operating system but non-Google. There are others like LineageOS or Brax2. Android is it's own system, people confuse it for being Google itself but it's not. If installing GrapheneOS replacing your Google Android is too technical then you can buy it pre-installed on eBay or get a phone shop to do it. There are YouTube tutorials too.
From there it's just choosing the right apps. I don't use Whatsapp because it's tracking your contacts, location, profile picture and running that all through its Facebook ecosystem. I use Signal Messenger which works exactly the same way but is open source so users can know it's fully private and doesn't do any tracking.
A VPN is the last main protection. It just makes sure your ISP can't see what apps you're using or what sites you visit. ProtonVPN's free version will do.
If you wanted to cut all ties (I don't do this), you can pull out the SIM card and use only Signal Messenger for calls and texts. But I'm not on the run lol.

With banks crashing left and right 
Reading through it all.
Who feels a bit warm and fuzzy holding these barbarous relic golden coloured pet rocks  ?? 
 

Cash is king. Right now my bank account balance shows £0.00.

Very interesting. I did not know this.

Well again, the existing infrastructures are the reasons to not want CBDCs, because we see how it is abused (Canada truckers for example). I think your argument is that the existing infrastructure is therefore a gateway to something similar, but that is the slippery slope fallacy.
Smartphones can be very private actually, even more private than dumbphones. GrapheneOS with private apps like Signal Messenger. It's only Google Android and iPhones that are bad. People equate them with all smartphones only because they are the 2 mainstream ones. Smartphones do not mean no privacy.

No CBDCs are very different to what we use now and the immediate direct tracking aspect is only a very small part of it. At the moment the government can order a bank to provide information or freeze accounts but they don’t actually have direct access to the account themselves.
With a CBDC they can directly track and control not just your account but also every single individual transaction you make in real time. This can be done either manually or by using AI algorithms. The key word is ‘Programmability’. A CBDC is a programmable currency meaning that it will only work with ‘government approved’ purchases. At the press of a button the government can decide what you’re allowed to buy and where you're allowed to buy it from.
So ask yourself, do you trust our current government and every future government to have your best interests at heart and think that they will never be tempted to abuse this power to control you with? I hope so because they’ll have total direct control of your currency and how you can spend it.
If for example they want to lock you down then suddenly you can't spend your currency on travel tickets but you can still buy food provided it's from a shop within a two mile radius of your house.

Land is a good option, at the moment woodland prices are going up because big companies are snapping them up to offset their carbon credits. I don't know if they'd drop in a recession. The other thing is I'd like to buy it behind a trust or something anonymous. Apparently "Russians" (I put that in quotations because that's the media & government's excuse) are still owning major UK properties without an end user individual being identified, despite the UK bringing in new laws last year. I don't know how us small folk can accomplish that, but I'd look into it in case they seize your land for wrong think.

I used to think this way about VAT but in reality you sell the same margin premiums back so it shouldn't really make a difference if silver is bought with VAT or no VAT.

Land is a good option, at the moment woodland prices are going up because big companies are snapping them up to offset their carbon credits. I don't know if they'd drop in a recession. The other thing is I'd like to buy it behind a trust or something anonymous. Apparently "Russians" (I put that in quotations because that's the media & government's excuse) are still owning major UK properties without an end user individual being identified, despite the UK bringing in new laws last year. I don't know how us small folk can accomplish that, but I'd look into it in case they seize your land for wrong think.