The Investments Thread

[TiltyShaun]

Bloody hell what’s your day job?? ‘The last dead bloke we found’…. How many have there been?

Friends property company has Bedsits. I used to get a call to deal with there “blocked drains”!! The odd dead body for them always brought out the response of “check the rents been paid!!”

 

[doobin]

Gold knocking on the door of £4k/oz.

Mental. Collapse imminent.

Not gold. Fiat.

 

[V8Druid]

Gold knocking on the door of £4k/oz.

Mental. Collapse imminent.

Not gold. Fiat.

at the risk of publicly demonstrating my complete higorance on these matters ......WTF is Fiat

 

[kato512]

at the risk of publicly demonstrating my complete higorance on these matters ......WTF is Fiat

Fiat currency/money

 

[V8Druid]

Fiat currency/money

still none the wiser ..... the Fiat car co. print their own money ???

 

[doobin]

still none the wiser ..... the Fiat car co. print their own money ???

Fiat. From the latin 'let it be so'.

Money that isn't backed by a commodity, only faith in the issuer. Faith which is now blown to smithereens.

Gold rocketed all the way up to £4030/oz and is now back to £3995.

 

[Storrsy]

@doobin What's your thoughts on this read up on the comparison of gold shooting up as it did in 1980. But soon came down pretty quick too. I think if you had invested in gold in 1980 it would have taken about 40 years looking at chart to really get your money back.

 

[V8Druid]

Fiat. From the latin 'let it be so'.

Money that isn't backed by a commodity, only faith in the issuer. Faith which is now blown to smithereens.

Gold rocketed all the way up to £4030/oz and is now back to £3995.

Thanks Doob

 

[Storrsy]

still none the wiser ..... the Fiat car co. print their own money ???

A £10 note today has no actual value other than what the issuer declares- fiat currency
A pound coin at one point would have it's weight in actual silver- commodity money.
Most currency today Inc dollar pound euro is all fiat currency.

 

[DaveDCB]

Take a gold coin anywhere in the world and you’ll be able to get something in return, same goes for a Rolex !! Not a bad idea to have afew knocking around…

 

[V8Druid]

thanks guys ..... just not an expression I've ever heard of before

 

[Jimoz]

@doobin What's your thoughts on this read up on the comparison of gold shooting up as it did in 1980. But soon came down pretty quick too. I think if you had invested in gold in 1980 it would have taken about 40 years looking at chart to really get your money back.

View attachment 79352

Isn't the run up caused by us coming off gold standard? Backed by gold upto then. Was it Nixon? No idea what made it come back down so sharply. Put that picture in ai and ask

 

[Jimoz]

Reason for drop is interesting. I cant see the US being happy to just let the dollar lose reserve status you'd think they'd go to pretty great lengths to protect that. Saying that trump doesn't like high interest rates and new chairman be in fed soon.

 

[Storrsy]

Reason for drop is interesting. I cant see the US being happy to just let the dollar lose reserve status you'd think they'd go to pretty great lengths to protect that. Saying that trump doesn't like high interest rates and new chairman be in fed soon.

Yeah. I mean there is an awful lot of uncertainty going around at the moment and investors and banks are trying to cover themselves by investing in gold as an insurance hence skyrocketing. Personally I wouldnt be investing in gold or silver now whilst it's at such a stinking high rate. Things can change very quickly. If global index funds are dropping it would seem a good time to be buying more of them.

 

[Stroppymonkey]

Yeah. I mean there is an awful lot of uncertainty going around at the moment and investors and banks are trying to cover themselves by investing in gold as an insurance hence skyrocketing. Personally I wouldnt be investing in gold or silver now whilst it's at such a stinking high rate. Things can change very quickly. If global index funds are dropping it would seem a good time to be buying more of them.

Used diggers a safer bet

 

[doobin]

Used diggers a safer bet

But not Takeuchi ducks…

 

[Storrsy]

Used diggers a safer bet

You jest but as an interesting experiment I was trying to work it out last night. Roughly in 5 years of putting money into index funds and shares I could have bought 2 new 3 tonners instead. The profit after my "wages" servicing and depreciation would have slightly out performed the stock market. But one I have to do absolute nothing with and the other involves going out into the rain!

 

[doobin]

You jest but as an interesting experiment I was trying to work it out last night. Roughly in 5 years of putting money into index funds and shares I could have bought 2 new 3 tonners instead. The profit after my "wages" servicing and depreciation would have slightly out performed the stock market. But one I have to do absolute nothing with and the other involves going out into the rain!

Investing in yourself or your own business always gives the best rate of return.

 

[Stroppymonkey]

I have a S&S personal pension that I chuck money into. Not a lot and it’s very tax efficient as a LTD company director. I pay it no heed, if I get a bit of money I can use one day then it’s a bonus. Out of site and out of mind.
I nearly got into buying sovereigns in 2006/7 but had a relationship breakdown and then the credit crunch which changed my financial situation.

Building my shed with tax free and vat free materials that one day will save me £10-£30k a year in rent seems to be the best choice for me currently rather than speculation on metals.

Often toyed with smelting our own waste copper into fake breeze blocks for long term speculation, but all the scrap goes to the lads pockets not mine , so that would be a poor political decision to take now. Shame as I have ‘free’ fuel as well.
Probably have well over a ton of copper a year.

 

[Lancs Lad]

I have a S&S personal pension that I chuck money into. Not a lot and it’s very tax efficient as a LTD company director. I pay it no heed, if I get a bit of money I can use one day then it’s a bonus. Out of site and out of mind.
I nearly got into buying sovereigns in 2006/7 but had a relationship breakdown and then the credit crunch which changed my financial situation.

Building my shed with tax free and vat free materials that one day will save me £10-£30k a year in rent seems to be the best choice for me currently rather than speculation on metals.

Often toyed with smelting our own waste copper into fake breeze blocks for long term speculation, but all the scrap goes to the lads pockets not mine , so that would be a poor political decision to take now. Shame as I have ‘free’ fuel as well.
Probably have well over a ton of copper a year.

What's it at ATM? Got a bit of a stash of big guage cable building up tucked away. Might get my lads stripping it sometime