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You really are boring the pants off everyone on hear. We know all this, give it a rest. My point was perfectly correct. Time in the market IS correct. Obviously, as you get nearer to retirement, your strategy changes. Stop being a complete idiot.
Now now Milly is our resident financial/economics genius guru Nostradamus Mystic Meg all rolled into one
We must all bow before The Great One
Thanks for the accolade, but it's really not rocket science, more of a mathematical problem.
There's too much debt in the financial system. It must pain you that the money loved by crackpots, namely Gold, is holding its own during this chaos .
Hmmm no pain at all but thanks anyway
As for chaos - something else will come along to unsettle the markets - again and again and etc etc.
No it won't.
You can’t eat it,you can’t drink it and it won’t keep you warm and dry.
You can exchange it for all of those things and more
What's the smallest gold coin you've got? When you nip to your local Morrisons (if it's not been torched/looted) with a gold sovereign and they'll only give you a one litre bottle of water and don't have any change for your gold sovereign what are you going to do?
Or when you're faced with a Mad Max character with a shotgun who wants all your gold sovereigns for that same litre of water what are your options?
No it won't.
You can’t eat it,you can’t drink it and it won’t keep you warm and dry.
You can exchange it for all of those things and more
What's the smallest gold coin you've got? When you nip to your local Morrisons (if it's not been torched/looted) with a gold sovereign and they'll only give you a one litre bottle of water and don't have any change for your gold sovereign what are you going to do?
Or when you're faced with a Mad Max character with a shotgun who wants all your gold sovereigns for that same litre of water what are your options?
What makes you think that everything is going to turn into a Mad Max scenario, you really have a vivid imagination.
Let's keep things in perspective shall we, now was it advantageous to own precious metals during financial turmoil in places like Argentina, Venezuela, Colombia or Zimbabwe etc?
Honestly, some of you Normies are .
No it won't.
You can’t eat it,you can’t drink it and it won’t keep you warm and dry.
You can exchange it for all of those things and more
What's the smallest gold coin you've got? When you nip to your local Morrisons (if it's not been torched/looted) with a gold sovereign and they'll only give you a one litre bottle of water and don't have any change for your gold sovereign what are you going to do?
Or when you're faced with a Mad Max character with a shotgun who wants all your gold sovereigns for that same litre of water what are your options?
What makes you think that everything is going to turn into a Mad Max scenario, you really have a vivid imagination.
Let's keep things in perspective shall we, now was it advantageous to own precious metals during financial turmoil in places like Argentina, Venezuela, Colombia or Zimbabwe etc?
Honestly, some of you Normies are .
That's a better explanation milly! Unless you've got a hoard of gold sovereigns under your mattress or in a safe deposit box then, what you're actually saying is that it's an idea to be the nominee holder of gold through some sort of platform then exchange it for bits and bytes which you'll hopefully be able to turn into fiat currency.
Then you'll be able to buy your litre of water from Mad Max/Morrisons - this of course relies on your on line platform being 'on line' still, and your own bank and the ATM where you get your FIAT money from still working.
Disclaimer: I 'own' gold through an online platform, I'm under no impressions that I 'own' the gold, that it would be guaranteed that I could swap it for FIAT currency even in a mild financial or geopolitical crisis, and like anything else (as BELIAL implies) it only has a value if someone else wants it when you want to sell.
No it won't.
You can’t eat it,you can’t drink it and it won’t keep you warm and dry.
You can exchange it for all of those things and more
What's the smallest gold coin you've got? When you nip to your local Morrisons (if it's not been torched/looted) with a gold sovereign and they'll only give you a one litre bottle of water and don't have any change for your gold sovereign what are you going to do?
Or when you're faced with a Mad Max character with a shotgun who wants all your gold sovereigns for that same litre of water what are your options?
What makes you think that everything is going to turn into a Mad Max scenario, you really have a vivid imagination.
Let's keep things in perspective shall we, now was it advantageous to own precious metals during financial turmoil in places like Argentina, Venezuela, Colombia or Zimbabwe etc?
Honestly, some of you Normies are .
That's a better explanation milly! Unless you've got a hoard of gold sovereigns under your mattress or in a safe deposit box then, what you're actually saying is that it's an idea to be the nominee holder of gold through some sort of platform then exchange it for bits and bytes which you'll hopefully be able to turn into fiat currency.
Then you'll be able to buy your litre of water from Mad Max/Morrisons - this of course relies on your on line platform being 'on line' still, and your own bank and the ATM where you get your FIAT money from still working.
Disclaimer: I 'own' gold through an online platform, I'm under no impressions that I 'own' the gold, that it would be guaranteed that I could swap it for FIAT currency even in a mild financial or geopolitical crisis, and like anything else (as BELIAL implies) it only has a value if someone else wants it when you want to sell.
'Normies' - Good one!
In your Mad Max fantasy only physical assets would be of any use.
As for Belial's strange comment about not being able to eat Gold or that it can't keep you warm or dry, I wasn't aware that fiat currency had those properties either .
In 1933, the US government under President Franklin Roosevelt nationalised the country’s gold, seizing all gold bullion and coins ( This forced citizens to sell at below market rates and made private gold ownership illegal.
Why did FDR do this?
To protect the dollar's position as a currency of last resort.
Would Trump do this?
Well the dollar is sliding.....
In 1933, the US government under President Franklin Roosevelt nationalised the country’s gold, seizing all gold bullion and coins ( This forced citizens to sell at below market rates and made private gold ownership illegal.
Why did FDR do this?
To protect the dollar's position as a currency of last resort.
Would Trump do this?
Well the dollar is sliding.....
Gold was monetized then, that's no longer the case.
The Government can do whatever ever they want, they could confiscate Gold or even your Pension and Savings if they thought it was in the National Interest.
It would be much easier for the Government to steal your Pension than going after Gold owners.
It would be much easier for the Government to steal your Pension than going after Gold owners.
Define easier?
Stealing everyone's pension would probably end up with burning government buildings.
Going after gold "owners" would probably provoke a strongly worded letter to the guardian.
At the end of the day it's a pointless nonsense argument, gold is an investment choice like any other, less risky than stocks and shares, better return than bonds but still subject to the same speculation as any other investment, it's not a secret or a "hack" or some way to subvert the establishment. It's been around for....billions of years and people have been hoarding it because like me on a Sunday it's pretty to look at and and practically inert.
It would be much easier for the Government to steal your Pension than going after Gold owners.
Define easier?
Stealing everyone's pension would probably end up with burning government buildings.
Going after gold "owners" would probably provoke a strongly worded letter to the guardian.
At the end of the day it's a pointless nonsense argument, gold is an investment choice like any other, less risky than stocks and shares, better return than bonds but still subject to the same speculation as any other investment, it's not a secret or a "hack" or some way to subvert the establishment. It's been around for....billions of years and people have been hoarding it because like me on a Sunday it's pretty to look at and and practically inert.
They could insist that all Pensions must have, say 25% of your Pension invested in UK Gilts.
That's an easy way to steal some of your Pension, give the Government 25% of your Pension which they will pay you back in a devalued currency.
In my opinion Gold is on the way to being money once again.
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