Lancs Lad
Well-known member
What's stirring it?
Trump standing up to the Islamist twats ?
Trump standing up to the Islamist twats ?
doobin
Well-known member
If I knew for sure, I’d be rich.
Though Trump and Nigeria won’t have moved the needle to be frank. IMHO.
Potentially we are about to see half the world declare a new currency based at least partially upon metals. China / India etc are buying up everything. London and the COMEX in the states are potentially down to their last dregs of silver to sell as physical. Hence the massive gap in spot prices between London and China.
M
Monkeybusiness
Well-known member
People sitting at home trying their luck as commodities traders - ‘Bill down the pub reckons silver is going mental’…
6
6feetdown
Well-known member
And allegedly Putin has put out a video stating they have no intention of attacking the west which i would believe.
Europe have done nothing to end this s**t apart from 'give' money.
Europe have done nothing to end this s**t apart from 'give' money.
doobin
Well-known member
In such a thinly traded market, you could be closer to the truth that your facetiousness might suggest.
We will know from the 2nd on wards which way the wind is blowing. Personally I believe that there are geniune physical shortages (silver is an industrial metal and is consumed rather than hoarded) and large players have been supressing the price to try to protect their short positions. That's changing.
Couple that with demand for physical metals from central banks around the world, particularly for those holding large dollar reserves (China!). Metals are a hedge against dollar devaluation, which is looking a certainty. It's a perfect storm.
M
Monkeybusiness
Well-known member
I wasn’t meaning to be facetious (though can now see why you took it that way - sorry!).In such a thinly traded market, you could be closer to the truth that your facetiousness might suggest.
We will know from the 2nd on wards which way the wind is blowing. Personally I believe that there are geniune physical shortages (silver is an industrial metal and is consumed rather than hoarded) and large players have been supressing the price to try to protect their short positions. That's changing.
Couple that with demand for physical metals from central banks around the world, particularly for those holding large dollar reserves (China!). Metals are a hedge against dollar devaluation, which is looking a certainty. It's a perfect storm.
As you say, we will see. I don’t think wild fluctuations this week give particularly realistic predictions (though I’m sure there will be a few traders doing very well out of the job).
D
DaveDCB
Well-known member
Silver was the next big thing every year for the last 15 years! It was going to shoot up oneday..
Grahams
Don't complain - suggest what's better
There are lots of rumours that particuarly China are boosting their gold reserves massively to free themselves from the dollar denominated world financial system. The US has been using SWIFT to block trade payments from counties it doesn't like (which I think is a very foolish short term measure that will come back to haunt them and will eventually destroy the Dollar as the world reserve currency if they persist).
If China, or other countires, have sufficient gold they can pay for what they want regardless of what the US does. As the amount of gold mined each year is pretty insignificant supply and demand should keep pushing up the price especially in times of uncertainty when individual investors move some of their assets to gold it could turn into a self fulfilling proficy.
If China, or other countires, have sufficient gold they can pay for what they want regardless of what the US does. As the amount of gold mined each year is pretty insignificant supply and demand should keep pushing up the price especially in times of uncertainty when individual investors move some of their assets to gold it could turn into a self fulfilling proficy.
TiltyShaun
Well-known member
Traditional Xmas hype in thin market. See what it is like 2 weeks into Jan!! But no matter which way the marker goes…..”let the trend be you friend”
Furniss
Well-known member
How is Ai going to effect investment?
TiltyShaun
Well-known member
I would put money in the fact that China will at some point start a gold back currency to rival the dollar.
I did watch an interesting video recently, but didn’t save it, China has a massive ageing population problem created by the one child rule. It can’t rely on cheap labour anymore and needs massive amounts of fertilizer to feed its population. It was critical of China’s Defence spending on poorly specified machinery, vast in numbers but not fit for purpose other than for Defence rather than attack. The world order might not be as we think. Western countries have governments bloated by debt. Which countries are strong? That I am no longer sure of where strength really lies!!!
I did watch an interesting video recently, but didn’t save it, China has a massive ageing population problem created by the one child rule. It can’t rely on cheap labour anymore and needs massive amounts of fertilizer to feed its population. It was critical of China’s Defence spending on poorly specified machinery, vast in numbers but not fit for purpose other than for Defence rather than attack. The world order might not be as we think. Western countries have governments bloated by debt. Which countries are strong? That I am no longer sure of where strength really lies!!!
TiltyShaun
Well-known member
Investment in stocks and shares? Or in traditional industries that will benefit cheaper labour.
One point we all seem to misunderstand about AI….is the vast use of electricity it takes. As has been said by others, there will be AI winners, and AI losers……this is going to be the next dot.com bubble that will burst!! They can’t all win!!
doobin
Well-known member
It's not wild fluctations- it's up, parabolic. I agree, it's a very sharp upturn.
Gold did similarly in September ish and has consoilidated, recently reaching new all time highs. As the saying goes- flip the graph over for the dollar chart!
I don't really know what I'm doing, all I know is that financing £10k of the JCB at 3.2% flat rate was a smarter move than selling some gold to finance it. Then again, not buying the JCB and putting the £20k deposit into silver would have been the smartest move. Oh for a crystal ball.
doobin
Well-known member
I would be amazed if most day trading wasn't already augmented/lead by AI. Pattern recognition should be one thing it's excellent at.
doobin
Well-known member
As you and Shaun mention, BRICs currency, is a real possibility. I don't think it will be 100% gold backed, more commodity backed, maybe 20-30% gold.
The question is whether the Western states go along with this or now. I don't see how they cannot- which leads to the depressing spectre of history repeating itself and the confiscation of precious metals in order to bolster state reserves. I still believe that you will come out ahead from holding them when you sell them at the state mandated fiat price than if you'd just held fiat though. And for a long term play, you can hide them and pass them down to your children for the next part of the cycle.,
Furniss
Well-known member
I wondered if it had an utility for dummies, help them get going, im not interested at this stage im happy without any more fixation around money, but it would be nice to do smart for our kid.
Storrsy
Well-known member
But putting money in a ready made portfolio or index fund is about as low hassle easy entry as it can get already tbh. Pick a decent fund stick a bit of money in when you can and hope for the best basically! I have a Junior stocks and shares ISA for my daughter. Not going to set the world on fire for her but should give her a nice little pot when she turns 18.
6
6feetdown
Well-known member
When did that burglary happen at your property?
doobin
Well-known member
The correct explaination is a boating accident...When did that burglary happen at your property?
D
DaveDCB
Well-known member
Doesn’t hurt to spread your investments between multiple avenues.. only the very lucky do well with all their money in one pot!
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