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Posts posted by KDave
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I'm with you on this Pipers this is about hedging for retirement for me. Buy buy buy all the way down!
Plan A is to stack gold for the next 40 years to supplement retirement income along side my pension. Plan B is to rely solely on the gold at much higher values if the fiat pension becomes worthless.
If in the next 40 years gold becomes so expensive that it only makes sense to stop buying and sell some I will look at moving some of it into other assets. For example, I don't own a house and this would be first on the list to reduce overheads in retirement. I will never sell all of my gold and be left without any though.
If fiat sterling manages to maintain itself for the next 60 years then I will have a solid pension that will be generously supplemented by selling gold.
If gold becomes worthless then my children will inherit a safe full of useless shiny metal lol.
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Bought a 1 oz gold year of the sheep, (royal mint type) from Baird's. It was a toss up between that and the 50 Peso coin which has become next months target purchase instead. Almost £100 cheaper than the year of the horse I bought this time last year.
- MikeOxlong and MickB
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I am so tempted to dip into the cash reserves and commit to more gold. I like to hold a decent shield of cash but does gold dropping below £700 an ounce count as one of those 'emergency' situations that requires a couple of grand to be taken out?
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For £1.26 more you could get yourself a year of the horse 1 ozer from Bairds! I know what I would prefer, comes security sealed also. I am starting to sound likes a salesperson I know, I don't work for them, honest.
£1.26 more for a nicer looking coin is a bargain agreed! Capital gains tax free on the horse too.
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Those HGM maples are looking tasty at £752 an ounce. The trouble is guys - notice the gold price on their website vs the actual gold price today. HGM must have frozen their tracker when they ceased business yesterday because the actual price is a few quid lower than £730 right now. Atkinson's is showing 727 an ounce. Goldprice.org is showing 726 an ounce.
I guess the adage of don't invest at weekend is as true with gold as it is with stocks lol.
Problem is if I wait until Monday they will probably all be gone!
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Gold is getting cheaper every day. Am I dreaming?
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£732 an ounce. I wish I had some extra cash right now. Hope it doesn't recover before pay day at the end of the month.
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Gold £738 an ounce right now. Hope it stays that way tomorrow for some more HGM bargains.
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Just bought 3 shield back sovereigns from HGM
1845, 1848 or 9.. just got off the phone but can't remember lol and 1854
They have 10+ up so great time to get a shield sovereign if you want one at £204+postage
Do they post them up on the website or do you need to phone to get them?
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Sterling has taken a hit today so gold is up on that I think. Priced in both the dollar and Euro, Sterling is down.
Edit for clarity: gold is up for us because sterling is weaker in terms of the dollar.
I wonder if this has anything to do with the budget?
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Everyone is holding their cash and waiting to see how Greece works out before deciding on what safe haven they are going to choose
I was also thinking that the smart people will just be in cash and watching equities. Even the very rich can do this without having to hold gold or bonds in the current deflationary environment. Explains the up tick in the dollar.
The casino is manipulated
Too true. Perhaps trying to second guess this fantasy is just wasted time, better spent looking for the next gold deal!
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Ah oil is down hence the FTSE dropping a bit further. Much of todays losses are from oil and gas sector looks like.
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FTSE is still falling like a brick along side gold and silver. What does it mean? I cant work it out.
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Gold and silver both hit at the same time. Gold in particular was climbing steadily to £754 then was hammered down. Silver just took another step down. Interesting chart pictures.
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Silver fell below that magic £10 an ounce this morning. Very tempting to jump in on the STG bullion for a punt!
- silversword and SilverPirate
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Picked up my bullion by post 20% off ebay sovereign from the post office. A 1964 Elizabeth - a few knocks and a bit of dirt that needs sorting out but not too bad.
I also picked up my first shield sovereign that I managed with a £15 off ebay voucher for £231. A bit of a hefty premium for a sov but I have been wanting one and the voucher was all the excuse I needed! 1869 date so quite a common one I think, die number 40.
Ill get some pictures up at some point probably tomorrow.
Today I Received.....
in General Precious Metals
Posted
Received RM 1 oz gold year of the goat from Bairds. Came sealed in a card. I will need to capsule it before it can join the others. Gold spot price was £696 an ounce when I pulled the trigger on this one.
I hope its around £650 an ounce for my next purchase