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Roy

Silver Premium Member
  • Posts

    7,227
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    11
  • Trading Feedback

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  • Country

    Poland

Reputation Activity

  1. Like
    Roy reacted to HillWalkerDundee in Newbie - strategy advice please   
    @GoldDiggerDave Thank you for those kind words. Sometimes I think I am mad as I am very much the contrarian by nature. I liquidated most of my assets some twenty years ago and gave the kids their inheritance early. I don't think people realise the stress and strain of holding and developing assets as you get older and frailer - you see the sharks circling.
    I agree with you entirely about Peter Postlethwaite, a great actor, who lived HIS life. Although he died of pancreatic cancer he had previously had testicular cancer. Gentleman, if you have enough balls to hold precious metals then have enough guts to hold your balls and check them. It takes no time and is one of the more pleasant of life's chores :-).
  2. Like
    Roy reacted to GoldDiggerDave in Newbie - strategy advice please   
    I salute that strategy sir!
    I have a very similar one.  I have zero aspirations of being a millionaire I have just put all my effort in to not being poor.  
    I remember when Peter Postlethwaite died and the papers were slating him for only leaving his wife and children a very modest amount, and the public comments were all negative towards him and questioning he should have been richer.   I was the only one saying someone needs to buy his accountant a beer!  The guy was a legend in life and in death.  
    It's a sickening prospect where you're well earned assests that have already been taxed all your life can be effectively stolen from you and your family, I fear the system is now set up for people to have longer than life debt so they have noting to pass on.  I'm seeing young people getting onto the housing market in their very late 20's early 30's with 35 year stitch up mortgage deals.  Just what is the point of paying a mortgage well into your mid 60's some are longer (and that's without remortgaging in the lifetime of the term), they are effectively just renting a house from the bank all their lifespan but responsible for the maintenance of the property.....One hell of a sweet deal for the banks.  
    Genuine good luck with your strategy......Aim to make the last cheque you write bounce!
  3. Haha
    Roy reacted to 27carrots in Newbie - strategy advice please   
    Another problem with silver is that many coins will get milk spots and lose £2 without you even mishandling them. A cheap 1911 sovereign can pass through your digestive system and will probably also lose only £2 in value.
  4. Like
    Roy reacted to HillWalkerDundee in Newbie - strategy advice please   
    As Bigmarc said, decide why you are stacking. There are many different reasons.
    I am still buying silver as and when pennies allow (it has been one of those years so far). I am building up two stacks, one each for the grandkids as part of their inheritance. The money i use for this is spare and is out of mind as soon as it is spent.
    As I get older, I see that one strategy is to divest as many assets as possible. My ISA is in the name of my younger, fitter, healthier partner as is the house etc. My aim is to be legally assetless should I need to go into a home for whatever reason and for however long. Those homes or any third party care service will destroy any wealth very quickly.
    It isn't death that concerns me, it is sub standard life that bothers me. Always plan your finances to make sure that your family retains them.
  5. Like
    Roy got a reaction from Bars in Where is the best place to sell gold coins?   
    First rule of gold stacking: Never buy gold unless you have an emergency fund of at least 3-6 months expenses. Otherwise, I guarantee the time to 'forcibly sell' your gold will be the worst time possible. It's weird like that.
    Second rule of gold stacking: Never buy gold unless you have worked out an exit strategy. Who, where, how. 
    Lucky for you, you're here already. Put them up for sale here and you'll be alright (but learn the first two rules of stacking 😉).
  6. Like
    Roy reacted to GoldStandardPartyUK in Silver squeeze   
    If I ran a hypothetical ETF of sea shells, I might have 2500 sea shells in my store, people withdraw a sea shell or two every now and again but mostly it just sits in my store. 
    There are millions of sea shells on the sea shore but people look up the value of my ETF to determine the value of a sea shells around the world. That would make me pretty powerful. 
    The exact formula I use to calculate the published price of sea shells would be really important, I could select the weighting my formula gives to the sea shell bid/ask prices vs the weight of prices on different futures markets (1 month, 3 month time horizon etc) in calculating the published price. 
    The bit I don't understand is why after a while I don't actually need all 2500 sea shells, I could rent out the ones I have? Then bet against the price? That's the part I haven't figured out yet.
    I suppose if too many people withdraw the sea shells from my store I just change rules to say only 1 shell per person.
  7. Like
    Roy got a reaction from HerefordBullyun in Silver squeeze   
    I'm with you six, but once people held paper backed by gold. And then it wasn't, but people still believed in the paper.
    Fiat is backed by nothing. Bitcoin is backed by nothing, yet people believe in it!
    I believe in silver. We're going to need to use a hell of a lot of it in the coming decades.
     
  8. Like
    Roy got a reaction from Stuntman in Where is the best place to sell gold coins?   
    First rule of gold stacking: Never buy gold unless you have an emergency fund of at least 3-6 months expenses. Otherwise, I guarantee the time to 'forcibly sell' your gold will be the worst time possible. It's weird like that.
    Second rule of gold stacking: Never buy gold unless you have worked out an exit strategy. Who, where, how. 
    Lucky for you, you're here already. Put them up for sale here and you'll be alright (but learn the first two rules of stacking 😉).
  9. Like
    Roy reacted to Spark268 in Silver squeeze   
    Of all the silver that's ever been mined, there's no more than 1oz per person in the world. However it's just not popular and hasn't been since the demonitisation.
    That's the problem:- the newer generations see no value in it. 78k apes + 15k silver forum members is a drop on in the ocean.
    The lack of financial education and antipathy amongst the public towards the PGMs is a far bigger problem than the futures price manipulation.
    Of course, imparting this education would probably signal the end of wall Street and the financial chicanery that occurs there. Good riddance!
    Sadly, poorly written articles, such as this one in Today's FT  Could real money stack up as an inflation hedge? are common place!
  10. Like
    Roy reacted to sixgun in Silver squeeze   
    Yep - all by design. i have bought bits of silver for my daughters - they just aren't interested. By the time that generation clocks on to the true value of precious metal it would be too late for most of them - lucky for mine their dad has a big treasure chest. Sadly of course it was all lost in a tragic boating accident and in any case it was going to the dogs' home other than 2 coins over my eyes for the Ferryman. 
  11. Haha
    Roy reacted to Paul in Kinesis - KVT Trading Suspended   
    sorry for the little post derail, but reading KVT abbreviation made me think of the funny comedy from the early 90s "KYTV"  - the Europe episode never fails to raise a chuckle/smile  enjoy 
     
  12. Like
    Roy got a reaction from mr1030 in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
  13. Like
    Roy got a reaction from dicker in Where is the best place to sell gold coins?   
    First rule of gold stacking: Never buy gold unless you have an emergency fund of at least 3-6 months expenses. Otherwise, I guarantee the time to 'forcibly sell' your gold will be the worst time possible. It's weird like that.
    Second rule of gold stacking: Never buy gold unless you have worked out an exit strategy. Who, where, how. 
    Lucky for you, you're here already. Put them up for sale here and you'll be alright (but learn the first two rules of stacking 😉).
  14. Like
    Roy got a reaction from SilverStorm in Where is the best place to sell gold coins?   
    First rule of gold stacking: Never buy gold unless you have an emergency fund of at least 3-6 months expenses. Otherwise, I guarantee the time to 'forcibly sell' your gold will be the worst time possible. It's weird like that.
    Second rule of gold stacking: Never buy gold unless you have worked out an exit strategy. Who, where, how. 
    Lucky for you, you're here already. Put them up for sale here and you'll be alright (but learn the first two rules of stacking 😉).
  15. Like
    Roy got a reaction from EdwardTeach in Where is the best place to sell gold coins?   
    First rule of gold stacking: Never buy gold unless you have an emergency fund of at least 3-6 months expenses. Otherwise, I guarantee the time to 'forcibly sell' your gold will be the worst time possible. It's weird like that.
    Second rule of gold stacking: Never buy gold unless you have worked out an exit strategy. Who, where, how. 
    Lucky for you, you're here already. Put them up for sale here and you'll be alright (but learn the first two rules of stacking 😉).
  16. Like
    Roy got a reaction from Bluegeo in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
  17. Like
    Roy got a reaction from Tn21 in Where is the best place to sell gold coins?   
    First rule of gold stacking: Never buy gold unless you have an emergency fund of at least 3-6 months expenses. Otherwise, I guarantee the time to 'forcibly sell' your gold will be the worst time possible. It's weird like that.
    Second rule of gold stacking: Never buy gold unless you have worked out an exit strategy. Who, where, how. 
    Lucky for you, you're here already. Put them up for sale here and you'll be alright (but learn the first two rules of stacking 😉).
  18. Haha
    Roy got a reaction from HerefordBullyun in Total newbie   
    Would you like one? 😎
  19. Like
    Roy reacted to RustyShackleford in Where is the best place to sell gold coins?   
    Sell them on here for the best price I'd have thought.
  20. Like
    Roy got a reaction from Ducat916 in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
  21. Like
    Roy got a reaction from Spanishsilver in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
  22. Like
    Roy got a reaction from Foster88 in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
  23. Super Like
    Roy got a reaction from Lr103 in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
  24. Like
    Roy got a reaction from Tn21 in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
  25. Like
    Roy got a reaction from daca in Today I Received.....   
    Today I Received...
    1 oz silver proof 'Queen's Beasts Completer' coin from @Nowhereman. 


     
    Isn't she lovely 😍
    As promised, he only asked for the Royal Mint release price and his p+p costs. Thank you @Nowhereman 👍
    It's reassuring to know that silver is still the money of Gentlemen (the peasants, their flippin' revolting).
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