Open question - Financial

[Dan00001]

Gold has scarcity, it's inflation rate is low, it has to be mined and is very difficult to counterfeit, unlike currency money, which is continually being counterfeited by central banks.

Gold is a great hedge against currency money, not so much for societal collapse.

 

[demented dale]

I often think of the quote made by one of the globalists "Give them the right kind of crisis and people will accept anything,"
Based on what I have seen these last few years I am inclined to agree.

I think it is possible that western goverments might try to control bullion storage companies metal stocks to prevent it physically moving to the (BRIC?) countries. After all, prior to WW2 to avoid rearmament restrictions, and during the war, Germany had to pay in gold bullion for literally everything imported into Germany. Raw materials, fuel, food, everything, the RM (or was it the DM?) was worthless.

Whilst the West would not want to reinvent the gold standard, there is a sort of back-up reassurance that they still have precious metal within the country. The US seems to be particularly concerned about this at the moment....

Gold has scarcity, it's inflation rate is low, it has to be mined and is very difficult to counterfeit, unlike currency money, which is continually being counterfeited by central banks.

Gold is a great hedge against currency money, not so much for societal col

There is no money to be made from Gold because Gold is money. It is possible to make currency if that 'money' is pegged to Gold and being bought and sold quickly. In Roman times an ounce of Gold would get you 200 litres of wine and today it will get you.......... yep, you've guessed it; 200 litres of wine. By its very design, creation and distribution fiat currency can be manipulated. I sold a gold coin recently for £600. I bought it ten years ago for £200. I have not made 1p on that because I only have the purchasing power of the original £200 outlay. the rest is inflation. It is, however, a very good way to keep wealth from depreciating in value. It is useless in a societal collapse. I got rid of any gold I had because I can't be bothered, It was useless really and not doing anything. I spent all the money on new kit and tools which are brilliant. x

 

[Dan00001]

I think we should spend some money on ourselves/things that give us enjoyment, otherwise what is the point? But I also believe we all should own something in the form of appreciating assets/inflation beating/assets/investments etc.

I will continue to buy physical Silver and Gold which I have zero intention of ever selling, it is for my son, and I will continue to invest and trade stocks and commodities. If we saw hyperinflation, you would be in a much better place if you have some physical precious metals you can sell, or investments in other currencies.

 

[Falstaff]

There is another aspect to the gold jewelry ownership in "Undeveloped" countries (western definition) as a rainy day emergency resource. Where they do have banks they do not entirely trust them, if at all, and the risk of total disasters is higher - environmental, scocietal, governmental, insurgencies, starvation etc etc.

Gold jewelery is a way of hiding it in plain sight (or hidden under clothes), easily transporting it around, splitting it around family members and, in emergencies, selling it in small negotiable parcels. Plus avoiding taxes etc. The wearing of gold jewlery to bring it through customs is a well-used ploy.

As a disaster fund, Gold as bars or even coinage is harder to carry without it becoming obvious or declarable, and its fixed size/weight creates a minimum value. - this will work against the holder as the buyer knows this to their negotiating advantage, i.e. they will devalue it as you urgently need it (otherwise why would you be selling.)_ e.g. you may need a lesser value to buy food ( and you may be robbed for the excess cash), or a high value for transit tickets/bribes.
With jewelry you can pick an appropriate sized piece to sell, and unless they have scales, there is more eyeballing of the value and negotiating room. The design and apperarance may or may not have added value.

 

[Toddy]

Since this thread started, my PB's have netted me over £15K
I won another £250 this morning.

Month on month it doesn't seem a lot, but since 2021, it has fair added up, and I still have my original stake.

 

[Chris]

Since this thread started, my PB's have netted me over £15K
I won another £250 this morning.

Month on month it doesn't seem a lot, but since 2021, it has fair added up, and I still have my original stake.

I had no wins for 4 months in a row whilst I had them maxed out, that was quite frustrating. Happy to hear you've done well though!

 

[HorseGuy]

Since this thread started, my PB's have netted me over £15K
I won another £250 this morning.

Month on month it doesn't seem a lot, but since 2021, it has fair added up, and I still have my original stake.

Fair play to you.

My OH has some and usually wins a moderate sized chunk each month. Nothing as big as your £15k yet though (unless of course she's really won big and 'forgot' to tell me about it lol )

 

[TeeDee]

Since this thread started, my PB's have netted me over £15K
I won another £250 this morning.

Month on month it doesn't seem a lot, but since 2021, it has fair added up, and I still have my original stake.

But with average returns of 3.6 % your results are not typical are they. Don't get me wrong - happy for you , some may say jealous but important to see things as they are.

Your Pound invested in 2021 would have purchased more than in 2025/2026.

I do wish someone would combine the concept of Prem Bonds with fractional amount of gold incorporated. That would be a great combination.

 

[Dan00001]

Since this thread started, my PB's have netted me over £15K
I won another £250 this morning.

Month on month it doesn't seem a lot, but since 2021, it has fair added up, and I still have my original stake.

To be fair, though, the majority of people who hold Premium Bonds lose over the long term. But well done on your very good returns, you must be over them moon. The S&P500 is up 130% in the same time.

 

[HorseGuy]

Roll up, roll up. Place your bets here!
Which country is going to go bankrupt first?

Japan has been the lead horse in this race for several years but as we round the last corner and head onto the final furlong the UK and France have pulled into the lead with France just nosing ahead of the UK for the moment. It’s anyone’s guess which country will go pop and cross the line first though. Multiple incoming sovereign debt implosions in 3.. 2..

On a side note the months of September and October historically have the highest concentration of major financial crises. Buckle up. The markets might be about to get bumpy.

 

[TeeDee]

I'm not looking forward to the pain and stress of super unsettled markets and what that brings to everyone but.... I kinda feel the FIAT currency experiment does need a reckoning process in someways. Will be interesting what occurs but I'd imagine it will exponentially increase at speed and the faith structure of fiat becomes corrupted more and more.

 

[HorseGuy]

I kinda feel the FIAT currency experiment does need a reckoning process in someways.

Unbacked fiat currencies gonna do what unbacked fiat currencies always do at the end. 100% every single time without exception the result is always the same. They go to zero.

Rather than being a single brief event like many people imagine, it tends to be an ongoing process which rapidly accelerates towards the end. I wouldn't dare to try and guess at what the exact timeline will be but it could take several more years to play out. I’m already positioned to weather the storm and then afterwards take advantage of the once in a lifetime opportunity it could offer. But that doesn’t mean I look forward seeing the slow motion financial car crash unfold around me. I will do my best to help as many people as possible but it's inevitable that many of them are going to lose their shirts and everything else when the currency dies.

 

[Chris]

Good grief.

 

[HorseGuy]

Good grief.

 

[slaine_23]

Roll up, roll up. Place your bets here!
Which country is going to go bankrupt first?

Japan has been the lead horse in this race for several years but as we round the last corner and head onto the final furlong the UK and France have pulled into the lead with France just nosing ahead of the UK for the moment. It’s anyone’s guess which country will go pop and cross the line first though. Multiple incoming sovereign debt implosions in 3.. 2..

On a side note the months of September and October historically have the highest concentration of major financial crises. Buckle up. The markets might be about to get bumpy.

The reaction of France this month to the proposed removal of two bank holidays will be interesting and probably chaotic.
Not sure about impact on French debt, but it does need curbed

 

[TeeDee]

The reaction of France this month to the proposed removal of two bank holidays will be interesting and probably chaotic.
Not sure about impact on French debt, but it does need curbed

The French are normally quite a passive and non-vocal lot so I can't see this causing any dust-ups.....

 

[TeeDee]

I always find this graph illuminating - if you look directly after the 2008 GFC and then the QE event , also the 2020 Covid event QE - If one turns it on its head and doesn't look at it in terms of how much Gold has increased ( which is the wrong way to look at it ) but how much more worth-less the actual £ sterling has become.

 

[HorseGuy]

I always find this graph illuminating - if you look directly after the 2008 GFC and then the QE event , also the 2020 Covid event QE - If one turns it on its head and doesn't look at it in terms of how much Gold has increased ( which is the wrong way to look at it ) but how much more worth-less the actual £ sterling has become.

View attachment 97544

The price of gold has doubled over the past four years.
The price of real world goods and services have also doubled over the past four years.

Therefore the value of gold has not changed in real terms.
It is the purchasing power of the pound which has halved over the past four years.

The price of things is not going up.
The currency is going down.

 

[TeeDee]

The price of gold has doubled over the past four years.
The price of real world goods and services have also doubled over the past four years.

Therefore the value of gold has not changed in real terms.
It is the purchasing power of the pound which has halved over the past four years.

The price of things is not going up.
The currency is going down.

Isn't that what I said?!?

 

[Dan00001]

Yes that is correct, and it's surprising how many people don't know this or can't grasp the concept.