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Gold strategy in the current economy


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On 27/05/2021 at 23:55, warpig said:

Good job I've got a shit load of silver! :)

May I ask, do you buy physical delivered, or with storage in vault elsewhere, or ETF backed by physical? Does VAT due to not being legal tender influence your decision? Asking as I'm only ETF backed by physical for silver.

 

On 17/06/2021 at 17:58, Warlord said:

Gold actually has a use moron, you can make stuff with it ...  will always have a value in the market . Not bothered 

Disagree. I just bought a bitcoin necklace with the pendant in the well known graphic design for bitcoin. It's made of gold which is pretty cool.

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32 minutes ago, Arpeggio said:

May I ask, do you buy physical delivered, or with storage in vault elsewhere, or ETF backed by physical? Does VAT due to not being legal tender influence your decision? Asking as I'm only ETF backed by physical for silver.

 

Disagree. I just bought a bitcoin necklace with the pendant in the well known graphic design for bitcoin. It's made of gold which is pretty cool.

What's up, a bit of slow day on the covid vaccine deaths news? 

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46 minutes ago, markyh said:

What's up, a bit of slow day on the covid vaccine deaths news? 

Wrong thread. You might vie for the glamour but it's not all about the deaths. There are 1.5 million Adverse reactions on the under-reporting EudraVigilance system for people who had the real thing in their syringes, half of which are serious.

For the UK (apart form Yellow card) there are more syndromic Ambulance calls in the UK now than there were at the peak in Dec 2020, with Cardiac & respiratory arrests now at mid Dec 2020 levels, and it's worse than that in other ways. I might post about that later on the relevant thread, but this post from you, who supported modern medicine using the word "ail" to describe the benefits of modern drugs isn't making me feel as rushed as you should to use a dictionary.

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3 hours ago, Arpeggio said:

May I ask, do you buy physical delivered, or with storage in vault elsewhere, or ETF backed by physical? Does VAT due to not being legal tender influence your decision? Asking as I'm only ETF backed by physical for silver.

Indeed you may! I had silver with goldmoney and bullionvault in various vaults all over the world, I now only have physical silver. People get het up about VAT... but that's part of the sale price, so I don't even think about it. I do have a reasonable number of silver Britannias because of the CGT liability, but the bulk of it is in bars. My view on ETF's is some of them are OK... Sprott's as an example... however... at some point you'd want physical possession and that time might be closer than you think. Peak silver is 2025-2030 and that was based on 2017 mining data, which is now a shadow of its former self. Possession is 9/10 of the law!

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23 minutes ago, warpig said:

Indeed you may! I had silver with goldmoney and bullionvault in various vaults all over the world, I now only have physical silver. People get het up about VAT... but that's part of the sale price, so I don't even think about it. I do have a reasonable number of silver Britannias because of the CGT liability, but the bulk of it is in bars. My view on ETF's is some of them are OK... Sprott's as an example... however... at some point you'd want physical possession and that time might be closer than you think. Peak silver is 2025-2030 and that was based on 2017 mining data, which is now a shadow of its former self. Possession is 9/10 of the law!

Useful information thanks. My only thing on vaults (assuming you don't pay a trip there in a suit with a brief case to drop it off) is that it's all communicated over the internet, so I assume keeping paper records at the least is important / sufficient. Silver Britannias are CGT exempt, I see. I have heard of Sprotts I think they recently bought a lot of Silver.

Edited by Arpeggio
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  • 2 weeks later...
On 07/07/2021 at 12:20, MonsieurCopperCrutch said:

@warpig

 

Gud one for our goldbug frens:

 

 

😃 I was going to have a read until I realised he is a just a Bitcoin fist pumper (I’m still a crypto fan).  At least its a bit different from schiff 

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  • 5 weeks later...
17 hours ago, Huggy said:

Another tube of 25 sovereigns is incoming shortly. Crypto is certainly a Kingmaker, but I always like to diversify a bit.

If crypto keeps on with its rise and Silver keeps a falling, I might be tempted to use my crypto to buy some silver Britannia’s again…it’s just calling the respective prices!

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43 minutes ago, Roman Roady said:

If crypto keeps on with its rise and Silver keeps a falling, I might be tempted to use my crypto to buy some silver Britannia’s again…it’s just calling the respective prices!

I really should lower my crypto exposure and rebalance more as it's something like 50/10/10 Crypto/Gold/Silver right now with the remainder in 'Other'. I just look at the crypto balance as an easy come easy go part of the portfolio and I really don't want to miss out on the chance of £1m per coin and early retirement.

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1 hour ago, MonsieurCopperCrutch said:

Wow that sounds suspicipusly like another asset class. What do you say @markyh and @goldbug9999? 🤣🤣🤣👍

Gold is real though, not just numbers on a computer. It has actual uses. You know this argument we have had it a number of times  and i''m not going through it again 

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