The Investments Thread

doobin

doobin

Well-known member
Back on track, silver jumped 5% in the first four hours of trading, taking it past a strong close at an all time high to a strong open at another all time high at £80. It’s fallen back to £78 currently.

Gold is up another 2.3%, at an all time high of £3744/oz but aiming higher.

Miners would be a good buy, particularly silver heavy miners such as Fresnillo. Each extra dollar on the price of silver is pure profit for them, and there’s a lag effect in their stock price compared to the physical silver. If silver holds above $100 (it touched $110 early doors!) then their q1 profit reports are going to be mental. Then you’ll see the real pile in.
 
D

DaveDCB

Well-known member
Exactly there isn't a proper private option really unless you in London. As Dave says...I've tried flipping hard at times as do anything to avoid A&E. Did find a walk in centre 40 mins away that was a lot quicker tbf but was full of what looked like nuclear science experiment victims. Was damn glad to get out in one piece. Proper odd place
Our local walk-in is great, just don’t break anything after 1900 as they close early 😂. Biggest problem is A&E is treated like an out of hrs Drs, half the folk could wait until Monday and get a drs appointment ( if it’s required they do actually give you one!!)
 
Grahams

Grahams

Don't complain - suggest what's better
I came home from hospital in a carry cot on the back seat .
Given my age I don't think cars were even fitted with seatbelts when i started out, certainly not in the back. You just had as many people stuffed in as would fit.
I think a good analogy is shortly after I got my first new excavator it needed to be craned into a job. I could have got some lifting straps out of a skip or cheap second hand off ebay, but decided to have new properly tested ones just in case. After all the excavator cost me a lot of money and was my pride and joy. How much more do you value you child than your excavator?
 
J

Jimoz

Well-known member
Back on track, silver jumped 5% in the first four hours of trading, taking it past a strong close at an all time high to a strong open at another all time high at £80. It’s fallen back to £78 currently.

Gold is up another 2.3%, at an all time high of £3744/oz but aiming higher.

Miners would be a good buy, particularly silver heavy miners such as Fresnillo. Each extra dollar on the price of silver is pure profit for them, and there’s a lag effect in their stock price compared to the physical silver. If silver holds above $100 (it touched $110 early doors!) then their q1 profit reports are going to be mental. Then you’ll see the real pile in.
I find with shares its always already priced in. Whatever you can forsee these professional traders can always forsee too. The only times I've had good profits are buying when there's bad news and holding or buying when price is depressed and holding. Still then its more of a gamble than anything else. I had shell I think it was at start of corona when oil price tanked and had super dry many moons ago after an accounting error showed up and massively hit their share price.
 
D

DaveDCB

Well-known member
The bigger issue is high gold prices aren’t good for anything else… impending doom
 
doobin

doobin

Well-known member
The bigger issue is high gold prices aren’t good for anything else… impending doom
1000%.

I’ve not being saying ‘make money guys’. I’ve been saying ‘protect yourselves’.

It’s a weird feeling watching your notional wealth shoot up without even going to work, but there’s a huge sense of unease about it also.

The Greenland thing I don’t think is about minerals. It’s about having a permanent space base in the arctic circle (data link to satellites). Rather than the US having to rely upon Norway’s base in Svalbard, which apparently they have been getting funny about.

Add to that a potential major fracture in NATO as Canada etc courts China, and I think we are dangerously close to a scenario we really don’t want to be in, regardless of how much silver you have 😞
 
Storrsy

Storrsy

Well-known member
1000%.

I’ve not being saying ‘make money guys’. I’ve been saying ‘protect yourselves’.

It’s a weird feeling watching your notional wealth shoot up without even going to work, but there’s a huge sense of unease about it also.

The Greenland thing I don’t think is about minerals. It’s about having a permanent space base in the arctic circle (data link to satellites). Rather than the US having to rely upon Norway’s base in Svalbard, which apparently they have been getting funny about.

Add to that a potential major fracture in NATO as Canada etc courts China, and I think we are dangerously close to a scenario we really don’t want to be in, regardless of how much silver you have 😞
But surely this is a terrible time to be buying silver or gold. Yeah I was looking at the last year for Fresnillo earlier and indeed things have shot up irrationally since even November. I could sell a load of shares i have in Rolls Royce and Alphabet and buy Fresnillo ones instead but buying whilst everything is high/racing up feels as a risky as just keeping existing shares.
 
Storrsy

Storrsy

Well-known member
I mean look at this. Ridiculous. Buying now what's to say it won't crash back down to 2023 levels even in a years time and then all I've done is lost a s**t load of money
 

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