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House Price Crash Forum


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About BobBobson

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  1. Interesting post. Learned some things i didn't know and amn't going to argue with the rest. However, I wouldn't be so ready to believe all the 'spin' about the last bubble popping due to MtGox DDOS attacks. This 'fact' came from MtGox themselves in order to try and restore some calm amongst the panic. The previous bubble, was in my opinion, a classic pump n dump. Plain and simple, perhaps with DDOS attacks, perhaps not. If this were the case, then it would also be perfectly conceivable that the primary pumpers n dumpers were from the large investment banks. They would have access to the fund
  2. As anyone doing a background check on my HPC posts will see, I got into Bitcoins relatively early, starting buying after the first $30 - $3 crash in July 2011. I have since bought hundreds of Bitcoins spending less than £2000 on the lot of them and now find my stash worth over £150K! Absolutely delighted with Bitcoin and my unwittingly shrewd investments. Actually, not really. I did infact get into buying Bitcoins early and hundreds of them have indeed passed through my hands, 99.99% of them purchased at sub £10 or even sub , £5 prices, but every single one of them, I spent on Silk Road. Havi
  3. Right throughout these past days when I have been considering the 'what if's' of an actual US default, I have found it reassuring to know that I have a bit of both gold and silver bullion stashed away. Regardless of how poorly it has performed as an investment in recent times (with silver being particularly annoying). Owning a bit of physical precious metal is the ultimate insurance policy and something I think everyone should own. The USD dollar will eventually fail. In the meantime, nations around the globe are making efforts to move away from the USD, but in reality, the USD is probably ju
  4. why would it be plummeting? It has already plummeted quite some time ago and it is not as though there has been a mad rush into gold based on concerns of a US government default. Surely if big finance had picked up the scent that the US was about to default, which would slash the value of US bonds, then surely there would be a big rush out of bonds......but into what? Not shares, cos they are all priced USD, and the ones that aren't are priced in currencies backed by USD. Only place to go would be hard assets. just my two cents, although I have been paying attention to this sh1t long enough
  5. Is it not the case that if the debt ceiling is not raised, then the US government will indeed default? I am sitting on a boat in the middle of the North Sea and am in half a mind whether I should empty my bank account by transferring most funds into my girlfriends account and getting her to withdraw the lot, in crisp government backed Bank of England notes (as opposed to the Scottish private coorporation credit notes that we have top put up with). This may seem like an over reaction, but one of these days, we are going to all wake up to a 'bank holiday', followed by an evaporation of a few u
  6. Perhaps I am misunderstanding something here, but if a family with a proven track record of being ahead of the game in terms of decades and even centuries, got themselves out of the gold market, wouldn't this suggest that long term, gold isn't a good bet? I suspect that metals prices could go much lower than they are now, but if/when the global dollar standard fails, all that is going to count for anything are hard assets. With that said, a US default I think would likely precipitate a sharp sell off/deflationary trend in just about everything, initially at least. .....and on this note, wtf
  7. The price of Bitcoins have remained stable throughout this so far. True, when news first came out there was a very short lived fluctuation in the price of Bitcoin and I am sure that the price will now trend lower for a while due to slightly reduced market for Bitcoins. Silk Road blip will be temporary though, as there are dozens of replacements hovering in background. Yes, so to is the British Pound Sterling worthless, as I could simply print my own bank notes on my girlfriends laser printer. Mind you, the point may be that although a decentralised digital crypto-currency may have a huge f
  8. Then don't buy physical silver. 20% + dealer premium is an insane amount to be under the moment you make any investment.
  9. Don't buy physical silver from the UK if you are going to have to pay 20% VAT on it. I bought my physical Silver from Germany back in late 2010, when it was just less than $30 per ounce. I paid just 6% VAT on it and carried it in hand luggage back on the plane. There is no additional tax to pay on any consumer good when travelling between borders in the EU. In more recent times, I have invested much more money in silver via Goldmoney.com. Very fast and efficient with regards to jumping out when it feels like the the road ahead is a rough bumpy declining one. From 10K invested in the past 2 y
  10. don't forget us junkie drug using scum! Thanks to Bitcoin and SilkRoad, me an all my scummy junkie drug crazed mates have been able to get our hands on all kinds of quality gear that we would otherwise never have been able to get. 100's of Bitcoins have passed through my junkie criminal scum hands, mostly when it was sub $10 per Bitcoin. You can imagine my surprise when Bitcoin hit $275, with me only having 3 Bitcoins in a wallet somewhere, and how I pissed my kilt when I realised that had I invested the same amount of 'Worthless Fiat' in Bitcoin as I had in PMs, that I would have been a mill
  11. "Revulsion in forem such as these" Ahem...... And aside from such 'revulsion' as I have highlighted above, this forum subsection has been dead for months. My target is $15 for silver.....when/if the spot price hits that, then I am buying. Market may also force me to buy at higher price if their are strong signals that bear trend has reversed.
  12. I would be very wary of the 'buy in at any price' philosophy of disingenuous snake oil salesmen like Turk or Maloney. I remember Mike Baloney putting out videos trying to calm frantic customers who bought silver coins at $49 and were panic selling after the May 2011 crash at $40. In his most calming tones, he assured his frantic subscribers that in 5 years time $50 silver would seem cheap! Maybe it still will, but I bet most holders of silver would bite someones hands off for $30 silver today, never mind $40. Now that the $22 support has been broken, I would be looking at prices between 17$-2
  13. Reasons are abound all over the internet. The extent to which any of them relate to reality or not is quite another matter. Clive Maund, whose website I have linked in the post above has been more or less correctly predicting bearish trends for the past few months that I have been following what he puts out. He tends not to get involved in geo-politics or conspriacy theories, but concentrates purley on the numbers. He reckons that we will be looking at a reversal anytime between now and the next 2-3 weeks. I myself bought in to the tune of a few grand, at $22.5. After watching the waterfall
  14. Clive Maund reckons that the bottom will find itself somewhere between $17-$20. I quote this guy because I have found him to be pretty damn good in the past, especially in the recent bear market past, which has shown up all the perma-bull $500 Silver freaks (the guys that Asheron used to love to endlessly quote) and all their feeble paradigms.
  15. Since nobody has mentioned it here yet, if you are going to buy physical silver, do not buy silver in the UK. Buy it from Germany, Holland, France, etc, where their version of goods tax is just 7%. If you don't happen to be in Germany all that often, then you could for example, buy your bullion with a German company offering good rates and then arrange your own delivery. Because of EU VAT rules, no further tax is payable on goods bought within the EU when they are transported across national borders of other EU countries. Also, if you are going to buy silver.....WAIT. All the best pundits
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