Buying Britannia Gold Coins

lozzy1965

Type_45 said:

If I were to sell some gold, but not be in a rush, I'd wait until the 2nd half of 2022 when the stock market loses 80% of it's value and gold and silver rise in price.

Seeing you active again I wondered how long it would be before you started with your well researched and fact based predictions.  How long have you been prophesising a crash now?  Your mate Tranquility1 has disappeared since their prediction of monetary melt down of our 'broken financial system' didn't happen by their definite date of the end of last year.
It just needs the mention of the word "gold" in a thread to start you off doesn't it!

Type_45

grumiofoundation said:

Type_45 said:

Deleted_User said:

Type_45 said:

If I were to sell some gold, but not be in a rush, I'd wait until the 2nd half of 2022 when the stock market loses 80% of it's value and gold and silver rise in price.

You should be in stand-up comedy.

25% melt up followed by 80% crash.

So a 50% drop from now. 

That's not how maths works.

Let's say you've got £40k in equities.


£40k - 50% = £20k


£40k + 25% - 80% = £10k

Type_45

maxsteam said:

Type_45 said:

If I were to sell some gold, but not be in a rush, I'd wait until the 2nd half of 2022 when the stock market loses 80% of it's value and gold and silver rise in price.

The more popular opinion among the crowd who like to present the world with definite, easy to understand predictions is that the gold/silver ratio will rise. The truth is that the charts will all be zig-zag lines, going up a bit some days, going down a bit others. In a very bearish month, there have been 30% market falls. An 80% market fall is not feasible for mainstream stocks but it could conceivably happen to some of the more whacky investment sectors that get touted on popular forums.

A 20%-30% melt up followed by a spectacular crash is actually not a fringe opinion at this stage. 

Go on twitter and have this conversation with, for example, David Hunter. 

lozzy1965

Type_45 said:

maxsteam said:

Type_45 said:

If I were to sell some gold, but not be in a rush, I'd wait until the 2nd half of 2022 when the stock market loses 80% of it's value and gold and silver rise in price.

The more popular opinion among the crowd who like to present the world with definite, easy to understand predictions is that the gold/silver ratio will rise. The truth is that the charts will all be zig-zag lines, going up a bit some days, going down a bit others. In a very bearish month, there have been 30% market falls. An 80% market fall is not feasible for mainstream stocks but it could conceivably happen to some of the more whacky investment sectors that get touted on popular forums.

A 20%-30% melt up followed by a spectacular crash is actually not a fringe opinion at this stage. 

Go on twitter and have this conversation with, for example, David Hunter. 

Some people love to predict a crash. They will be right some of the time but wrong most of the time, unless their prediction is "There's a crash coming."  In which case, there is always a crash coming, it's just a matter of how big and how far away.

grumiofoundation

Type_45 said:

grumiofoundation said:

Type_45 said:

Deleted_User said:

Type_45 said:

If I were to sell some gold, but not be in a rush, I'd wait until the 2nd half of 2022 when the stock market loses 80% of it's value and gold and silver rise in price.

You should be in stand-up comedy.

25% melt up followed by 80% crash.

So a 50% drop from now. 

That's not how maths works.

Let's say you've got £40k in equities.


£40k - 50% = £20k


£40k + 25% - 80% = £10k

You are correct (mathematically) apologies. I misread as a 60% drop not the 80% you prophesied.



Would agree with previous posters that the chances of the whole 'market' being worth 25% of today's value in 6-12 months seems low. 

Type_45

grumiofoundation said:

Type_45 said:

grumiofoundation said:

Type_45 said:

Deleted_User said:

Type_45 said:

If I were to sell some gold, but not be in a rush, I'd wait until the 2nd half of 2022 when the stock market loses 80% of it's value and gold and silver rise in price.

You should be in stand-up comedy.

25% melt up followed by 80% crash.

So a 50% drop from now. 

That's not how maths works.

Let's say you've got £40k in equities.


£40k - 50% = £20k


£40k + 25% - 80% = £10k

You are correct (mathematically) apologies. I misread as a 60% drop not the 80% you prophesied.



Would agree with previous posters that the chances of the whole 'market' being worth 25% of today's value in 6-12 months seems low. 

Let's hope it doesn't happen. Because those who think it does happen are saying that it will spark a long term bear market. 

But first, say they, there will be a spectacular melt up of 30% or so.

solidpro

Type_45 said:

If I were to sell some gold, but not be in a rush, I'd wait until the 2nd half of 2022 when the stock market loses 80% of it's value and gold and silver rise in price.

I thought it was the 1st half?

maxsteam

grumiofoundation said

Type_45 said:
 you've got £40k in equities.

£40k - 50% = £20k

£40k + 25% - 80% = £10k

You are correct (mathematically) apologies.

No. If you are writing maths, you can subtract pounds from pounds, you can add apples to apples, you can add oranges to oranges.

50% is just another way to write a half. It's fine to subtract 50p from £40k and it's fine to subtract half of £40k from £40k but £40k - 50% cannot be simplified to £20k. I know that you meant £40k - (50% X £40k) but that's not what was written.

It's laughable that someone who didn't even learn to handle percentages at school is pretending to be a financial expert and is trying to persuade others what to do with their life savings.

grumiofoundation

maxsteam said:

grumiofoundation said

Type_45 said:
 you've got £40k in equities.

£40k - 50% = £20k

£40k + 25% - 80% = £10k

You are correct (mathematically) apologies.

No. If you are writing maths, you can subtract pounds from pounds, you can add apples to apples, you can add oranges to oranges.

50% is just another way to write a half. It's fine to subtract 50p from £40k and it's fine to subtract half of £40k from £40k but £40k - 50% cannot be simplified to £20k. I know that you meant £40k - (50% X £40k) but that's not what was written.

It's laughable that someone who didn't even learn to handle percentages at school is pretending to be a financial expert and is trying to persuade others what to do with their life savings.

I did choose to ignore the poor (incorrect) use of units/percentages as I felt it would look petty if I corrected having misread earlier post, so thanks for pointing out!

Even if one grudgingly accepts the use of % in the first equation the second equation is incorrect without brackets (since 25 - 80 = 55 and 40 - (55% of 40) =/= 10)