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Money Tree cost me thousands!!
16 Sep 13 07:19
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Date Joined: 09 Mar 08
| Topic/replies: 13,123 | Blogger: Money Tree cost me thousands!!'s blog
I only have silver left and obviously wish I had sold 6 months ago but am seriously considering selling all my bullion and then buying back in once ( if) the price drops.
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Report J2BLUE. September 16, 2013 7:42 PM BST
Peaked? You haven't seen anything yet.

Gold: 825.16
Silver: 13.76

I think you'd be mad to sell now for below spot, hope for a pull back and then buy back in with a premium and VAT...
Report Money Tree cost me thousands!! September 17, 2013 8:08 AM BST
I buy mine vat free j2.

Think we on a slow but constant drop now.
Report J2BLUE. September 17, 2013 2:58 PM BST
How and where from? I think silver will be above £20 in a years time.
Report Money Tree cost me thousands!! September 17, 2013 4:09 PM BST
Purchased it from guernsey.
Report J2BLUE. September 17, 2013 6:14 PM BST
So did I but that was long ago. How are you going to buy in again VAT free? Even when silver was smashed Sarnia Silver and others still added VAT. It will never be VAT free again.
Report Money Tree cost me thousands!! September 18, 2013 4:27 PM BST
I have a supplier that offers it vat free.

Also buying scrap and getting it refined is a cheaper option.
Report Stow_judge September 19, 2013 5:14 PM BST
Sounds fishy to me!
It's a traders market. They can manipulate and/or pull the plugs as they see fit.
I had a spot of good fortune with silver. I bought a physical silver etf a couple of days ago and have taken the ca 7% gain offered with both hands.
Report J2BLUE. September 19, 2013 10:55 PM BST
If I could buy it VAT free I would be backing up the truck.

The Fed predictably didn't taper. Selling would be stupid.
Report Money Tree cost me thousands!! September 20, 2013 10:57 AM BST
Ive been buying scrap and getting it refined works out even cheaper and had a few bits of luck.
Bought an old antique tea set for the scrap value of £300 and it's from a decent maker and if cleaned up sells for over a grand. As you can I agine that's not getting refined.
Report Money Tree cost me thousands!! September 20, 2013 10:58 AM BST
I'm tempted to invest in setting up a small refining system to cut costs even more.
Report Money Tree cost me thousands!! November 22, 2013 12:52 PM GMT
Think both could be on a constant fall now.
Report pipedreamer November 22, 2013 11:22 PM GMT
What no spike like 1980?,why not a blow-off and then afterwards take 20 years to unwind back down to a fifth of its fundamental value?.
Report Money Tree cost me thousands!! October 24, 2014 6:40 AM BST
Pleased I'd sold most off it off!!
Report sidthekid April 25, 2015 3:48 PM BST
The Markets are manipulated, Bunker-Hunt Died Skint Whoops

http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt

He was a former billionaire whose fortune collapsed after he and his brother William Herbert Hunt tried but failed to corner the world market in silver.
Beginning in the early 1970s, Hunt and his brother William Herbert Hunt began accumulating large amounts of silver.
By 1979, they had nearly cornered the global market.
In the last nine months of 1979, the brothers profited by an estimated $2 billion to $4 billion in silver speculation, with estimated silver holdings of 100 million troy ounces (3,100,000 kg).

Primarily because of the Hunt brothers' accumulation of the precious metal, prices of silver futures contracts and silver bullion rose from $11 an ounce in September 1979 to $50 an ounce in January 1980.
Silver prices ultimately collapsed to below $11 an ounce two months later.
The largest single day drop in the price of silver occurred on "Silver Thursday
Report seaside July 21, 2015 3:44 PM BST
They changed the rules and F*** the Hunt Bros
Report Money Tree cost me thousands!! July 22, 2015 9:46 AM BST
Still not buying back in
First kg I ever purchased cost £164.
I'll buy none stop at that price.
Report egner July 24, 2015 10:39 AM BST
...anyone who knows what,s really going on....and what is about to happen.....

...should be buying all the Gold and Silver they can....and they should be doing it NOW.

...because sooner or later even the central banks (the FED primarily) and their proxies wont be able to dump enough paper on the futures markets to suppress the price.......

...there is a systemic meltdown of fiat currencies and the debt based Ponzi issuance system that underpins said currencies.
Report seaside July 26, 2015 11:29 AM BST
I think the way gold is going it will be under $1,000 an oz soon and if it does go under that mark it might continue to go down

I would not be a buyer at the moment
Report Money Tree cost me thousands!! July 26, 2015 2:23 PM BST
I agree with seasider. These stories of fiat currencies crashing have been rife since the start of recession.
I hope that silver and gold do indeed boom but think it's a long wait.
I was buying scrap and making bars but it's not worth it as they end up worth less that what I paid for the scrap
and you have the effort if doing it. The furnace is going back in the garage and nay get used in the future.

I have bought I to the shares of a few mining companies as they were priced so low.
Report kpf August 30, 2015 2:30 PM BST
http://davidstockmanscontracorner.com/top-jpmorgan-quant-warns-second-market-crash-may-be-imminent/

If this comes to pass you will see Precious Metals soaring

It may not be the beginning of the end but certainly the ending of the beginning
Report jollyswagman October 9, 2015 11:07 PM BST
i own gold, its not an investment its a hedge against the stupidity of the central bankers. the manipulation of the paper price of gold in the futures market is well documented. meanwhile physical gold is heading east. at some point i believe there will be a reset.
Report Kingscl1ff October 10, 2015 2:33 PM BST
Silver is dead money.
Report jollyswagman February 24, 2016 7:27 PM GMT
gold up a lot lately, another sign of fear in the markets
Report JayBee May 18, 2016 1:33 PM BST
Bullion can never peak. It will always reach new highs.

Bullion may peak during a certain time-frame before retracing but in the long-run bullion's trajectory is always upwards.

It's the currencies that people use to value bullion that peak or fail and are replaced with other currencies.
Report Money Tree cost me thousands!! June 9, 2016 10:20 AM BST
I see now the arse is out on silver the producers have started to make collectable designs and charge huge premiums.
Report jollyswagman June 24, 2016 4:38 AM BST
the price is going through the roof on brexit
Report Money Tree cost me thousands!! June 25, 2016 10:05 PM BST
If it goes up a bit more then I'm flogging off the rest of my physical.
Report jollyswagman July 5, 2016 12:21 PM BST
gold up about 40% in sterling terms this year Cool
Report trilby22 July 26, 2016 6:39 PM BST
Tree, prices have bottomed, imho.

Check out Scotgold.  They're on the verge of producing ...

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SGZ&ArticleCode=wu15babi&ArticleHeadline=Official_launch
Report trilby22 July 26, 2016 6:42 PM BST

Oct 10, 2015 -- 8:33AM, Kingscl1ff wrote:


Silver is dead money.


Ag is very much ALIVE!

Scottish silver, anyone?

Watch the news next week ... Cool

Report Mister E October 18, 2016 1:46 PM BST
Sticking with gold long term.

Think the Euro is doomed with more bailouts, and sterling in free fall.



Dumped mining shares, good luck with Scotgold, done mine.
Report sofaking November 8, 2016 3:46 AM GMT
Gold and especially silver are great bets right now due to massive debts of all the fiat currencies and endless quantitative easing.
Report Callisto-moon November 8, 2016 1:13 PM GMT
Physical metal sofa?
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