sixgun

Many years ago i used to put a set amount in investment trust savings schemes every month. ISA's were also good. i would put money in on direct debit. A big favourite of mine was Fidelity Special Situations. Due to the twists and turns of life all these got cashed in. If i had carried on there would have been £100's of thousands in them. A very common recommendation i have heard over the decades has been the trackers and they have done alright over time. At the moment certain markets are massively overpriced. Price to earnings ratios don't seem to get mentioned anymore b/c they are meaningless with a lot of stocks. Companies that never made a profit are trading in the stratosphere. i just happened to be looking at Shopify on Yahoo finance. Shopify provides online shop websites for those who want an online presence. They are moderately popular. The stock price is $1235. The company is valued at $152 billion. They were running at a loss but managed a first time profit last year of $319 million. That would give a PE ratio of 476. That is beyond ridiculous but this is not unique and fund managers are investing in these stocks. The indices are heavily dominated by a handful of stocks. The indices rise and fall on the price of this handful of stocks. So although you might think you have diversified by investing in an index, you haven't. i have expected a crash for the last 5 to 6 years. There is going to be a reset, a big calamity at some point. The fiat system is unwinding. Putin it appears recently fired a shot across the bow of the Western financial system and warned about backing the Ruble with gold. He will have been speaking for his Chinese friends at the same time. If i were to do it all again, i would put my monthly money into an equivalent of 'Fidelity Special Situations', something investing in (very) alternative markets, not the massively overinflated bubble stocks we have on the Western exchanges. i toy with the idea of investments in places like Iran and the Stans for example but this is only for the (very) brave and not nearly as easy as putting £300 a month in a AXA US / UK tracker fund. So at the moment i put my funds in miners - gold, silver and uranium. i have some in agriculturals and other commodities as well as in Russia and China. i would not invest in bonds. Bonds have done well since the 80's b/c interests rates were very high and then have fallen. If you could have locked into a 20% yielding bond with a long maturity, when yields fell to 10%, the bond would double but you still got the 20%. When the bond fell to 5% it would double again but you still got the 20%. Now yields are so low, unless they go significantly negative there's nowhere to go but up in yield and down in bond prices. Inflation is picking up. This has been denied for years but it is reaching a point it can no longer be denied. Who is going to buy a bond at 1% when inflation is at 10%? If i were to advise someone else i would say buy gold. Buy some nice gold coins off the Silver Forum. Sovereigns and half sovereigns are good b/c they are generally a decent price compared to spot and they are small, plus there is no CGT. All these reasons and others that have been repeated many time before. This is a no brainer. We are heading into turbulent times. Inflation is going to rip your bond portfolio to shreds. A lot of the bubble unicorn stocks will crumble and evaporate. Some stocks will do fantastically well but you have to pick and buy them first. But gold is a no brainer, so pick and buy a few sovereigns.

i could throw out a lot of stocks you might look at but 300 quid a month is not really enough when it comes to stocks IMO - certainly not to diversify across a number of stocks even in one sector. If you pick up a few bits of gold over the longer term you can't really go wrong. Sovereigns can look like pennies in a pocket or purse. Excellent to cross borders with.

Yes and i have seen discussions here about all the Royal Mint new releases. How they are overpriced. That many are poor value. A scam really fleecing gullible collectors. The tonnage of silver to make these overpriced articles doesn't amount to a hill of beans. Now go to the Royal Mint site to get some Una and Lion silver bars Awaiting Stock 1 oz bars https://www.royalmint.com/invest/bullion/bullion-bars/silver-bars/una-the-lion-1oz-silver-bar-minted/ Awaiting Stock 10 oz bars https://www.royalmint.com/invest/bullion/bullion-bars/silver-bars/una-the-lion-10oz-silver-bar-minted/ 100 oz bars - 53 in stock. One of the biggest mints in the world and popular items are effectively sold out.

There are second hand coins on ebay b/c people are putting them up for sale. There are coins on TSF b/c people are putting them up for sale. There is no shortage in the secondary market but have you noticed the premium sellers are asking? Were you around say 18 months ago when the silver coins were as cheap as chips on TSF? Picking up 10 Thalers on the secondary market is not the same as going to the refinery with an order for 10 tonnes of 1000 oz bars.

Can you buy a bullion American Silver Eagle off the US Mint website? https://catalog.usmint.gov/ Can you buy some Royal Mint coins off their website that are not an arm and a leg? What i can see on the mint sites is highly priced coins. Good business selling these i suspect. If the mints completely shut up shop then this telegraphs to the whole world that it has hit the fan. But there have been problems. At the US mint they put it down to changing the ASE design - yeah right. Here we see problems at the Austrian mint. i went to Atkinson's to see what the situation was with monster boxes of Britannias. https://atkinsonsbullion.com/silver/silver-coins/2021-silver-coins/2021-uk-britannia-1oz-silver-coin-monster-box-of i found that uninformative when i could crank up my cart so high it was more than all the available silver in the world. The mints have got to keep producing sets of coins. The dealers have got to have some coins or else it becomes obvious to everyone looking. The Royal Mint stops producing any coins? A spokesman said we have stopped making coins for the foreseeable future. That isn't going to happen - it is a triple red flag and it isn't going to happen until there is no silver at all.

Wall Street Silver hits the big 100, with 100,000 members - and i remember when it was a handful of Apes.

i was rung this week and was told that my National Insurance number was about to be terminated as it was suspected it had been used in a fraud. i was to press 1 and would be redirected to someone or other - the police or something. i clicked it off. i did wonder what would be at the other end if i had clicked 1 - might be a £10 a minute premium phone number so always better to click off.

Personally i hold and then sell covered CALLS against the stock i hold or if i want to add to stock then if they have options i sell PUTS. i can gradually reduce my cost base this way. Uranium is a future fuel with miners are buying up yellow cake for future sales contracts. That means keep adding. Most of my focus is in option trading rather than attempting to get some alpha trading the actual shares.

He says the uranium juniors are overpriced and he sold. The uranium seniors are fairly priced. He says he has no idea if there will be a correction in the price of juniors. The PUT options i sold this week are profitable and URNM is still under $70 (which is what i am hoping for) and then i will get assigned those shares.

There are a number of members who pour silver. i suggest you take a look at Backyard Bullions youtube channel and go to the very early videos where he is pouring and is developing his skills. https://www.youtube.com/c/BackyardBullion/videos?view=0&sort=da&flow=grid There is legislation on selling silver in Ireland. https://www.assay.ie/hallmarking/legislation/ In the UK selling bullion - like a plain bar, does not need a hallmark. However buyers must trust that the bar is silver of the claimed purity. As mentioned if you have hallmarked Sterling - keep it in the condition you have it. Even if it is as tatty as hell, if it has a hallmark a buyer knows what they are buying. i have seen members put up let's say very amateur bars in the selling section and they do not do well. This is ultimately b/c buyers don't really know what they are dealing with. Most of the pourers here get their product hallmarked - generally Edinburgh or Birmingham. This adds to costs but a buyer knows exactly what they are buying. You can pour bars - you can sell them - i would watch BYB's videos and those of others in the silver pouring community on youtube.

So i sold 3 x URNM June 18 70 PUT's That means if the price of URNM is below $70 a share at expiry (June 18) i will be assigned 3 x 100 shares at $70 a share in URNM. i sold the contracts and after costs got $2.99 / share - so 3 x 100 x $2.99 = $897 paid into my account. The actual amount i would pay per share will work out at $70 - $2.99 = $67.01. i am not sure what the market price of URNM was when i pushed the button but it gapped up closing at $67.50 in the first 5 minutes and i certainly didn't sell the options then, the price was higher. So i am happy if i do get assigned shares it will be at a lower price than i would have paid if i had bought them in the market. i'm still holding the URA and will probably sell them if i am assigned the URNM stock. If URNM closes above $70 on June 18 then i just keep the $897.

URA has a holding profile of this URNM has a holding profile of this: So you end up with a spread across a number of uranium assets.

Well that is the risk i take. Your situation sounds a bit different to mine. i move across borders - moving silver is not easy since Brexit. You could end up paying taxes or getting it confiscated. With some of my silver in Kinesis i can move it without moving it. i can get it delivered wherever i want and i can sell it at the click of a mouse or spend it on a card. It makes sense to keep some of my silver in this format. i've worked with the people running this for several years - i have personally chatted to the CEO. i have bought - sold and taken the cash more than once. i agree holding it is good but for ALL your metal i don't think it is necessarily the best.

Too much information here.

i have a decent amount vaulted with Kinesis Money - the vaulting is free as part of the system. The rest i would have to kill you if i told you - you can buy significant commercial vaults.

i only hold one stock on the LSE which is Polymetal International. Otherwise nearly everything is US / Canadian listed. This is b/c of my broker, Interactive Brokers. It is very US centric, which is fine - the trading day starts later. i get a good desktop platform, the Trader Workstation and the charges with IB are pretty low. Most of my efforts focus on option trading. i remember back in the 80's there were LSE Traded Options quoted in the Times and i actually got an options account with my stockbroker for LSE traded options but the US options market is so much better, with so many options and good liquidity. For uranium i am in the ETF URA but as of next week i will move a lot of that to URNM by selling my URA stock and selling PUTS in URNM which will mean i can get in a bit cheaper than a straight stock purchase. i have warrants in the royalty company URC - these have been very profitable. i also have warrants with EFR. As well as URA, i have straight stock with FCU, GLO, NXE, GXU and UEX. i am always looking to adding others. The ETF's are an easy way to get a wide smattering of miners. URNM seems to perform a bit better so i am moving over to that one. i sell CALLS in URA / URNM and that way i get a bit of extra income whilst still holding onto the stock. i bought a CALL in URA which has made 30% profit but i will sell that and plough it into URNM.

@Stacktastic i am not clear why you think there will be such a significant pull back. Several large miners are buying physical uranium. A month ago Sprott Asset Management entered Into an agreement with Uranium Participation Corporation to form the Sprott Physical Uranium Trust. This will no doubt liven up the public's awareness and participation in yellow cake. There are green lights all over the place, with governments swinging round to being very positive on nuclear energy. i see the fundamentals as strong and not pointing to a big fall in price.

i was joking with you HH. "Due to my very modest holdings i am unbiased and objective when it comes to silver. HH always loves to smear silver at every touch and turn. He should learn to use gloves when handling precious metals." i am NOT unbiased about silver - i feel sure you know i am a silver fruit and nut case. So straight away you should realise i am taking the piss out of myself. The whole post was a joke. There was a point in time when i was adding gold - i think that lasted about a year b/c i recognised i was so out of line i really needed more gold but now i have slipped back into my old ways. i have stated a long time ago i held a lot of silver. i have never sold any. i have it vaulted now which i think is best these days. i own over 1/3 tonne of physical silver. i am still looking to add more. i know you hold a completely different point of view to me on a number of things and that is fine. i think you are wrong but hey you think i am wrong and that is absolutely fine. Between us we must have some of it right.

@ilovesilverireallydo will know this.

Due to my very modest holdings i am unbiased and objective when it comes to silver. HH always loves to smear silver at every touch and turn. He should learn to use gloves when handling precious metals.