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Result of ECB policy statement? Seems to coincide with it and the associated stock market drops.

I'd agree with the original poster, except if you live in the UK. As I now do. The VAT on silver is a killer. I now only buy gold. Eidt: I guess this is not really advice, more a lament. :(

How is repatriating your own gold (as opposed to buying new stocks) a 'stab in the back for super money printing Mario'? I think they are conflating two separate issues: the concerns about multiply-hypothecated gold reserves held abroad (and so not under one's own control) and the depreciation...

And they've just bought GoldMoney? https://www.goldmoney.com/company/news/bitgold

They may be buying but it's not moving the price, is it? Don't get me wrong: I've got >22% of my portfolio in PMs, and most of that is in gold. I'm a bit of a gold bug and have my own reasons for holding on to what I have, but even I tire of the perenial tales of a boom just around the corner...

Whatchu talkin' about Willis?

It is Star Wars Day, though (May the 4th)... Maybe Pirocco is just joining in the fun.

It's only a gain when you sell them. Have you? ;)

I agree. In the absence of an ability to see the future better than anyone else, preparedness really means diversification. So, for me that's no more than 1/3 of my wealth in any one asset class, no more than 3% in any one place (account, or stock holding). I'm not there yet; my house takes up...

That's why, having built up a small stash, for now I've slowed my acquisition rate (of metals and stocks) and am lowering my stress levels by simply holding more cash. When I've got enough that my debts are paid off and I know I can weather a storm, I'll probably start buying again.

Edited for numptyness. I looked at the picture and didn't read the text. Like my five year old reading a book.

I meant more the points about buying and holding, investing in experiences rather than just assets, and holding cash to lower your stress level. Sorry if you feel I've wasted a minute of your time, that was not my intention.

Usually I don't even get to the end of these newsletters, but this is some of th most refreshing investment advice I've ever seen. http://www.caseyresearch.com/cdd/the-ultimate-cheat-sheet-to-investing

We were talking gold. You're either very rich or referring to silver. ;)

Yeah, but they've been saying that sort of thing since I started buying three years ago. I ignore pundits now altogether. A coin-flip seems as accurate.

Ha. Fair comment. Bought six of them, but they are 'safe' - didn't think of photographing them before securing them. Next time I have them out, I'll take a pic and post it here.

Nice.

Just bought a clutch of them. Nice - pretty coins, durable at 0.900... You can tell because they are over 100 years old and have zero numismatic value!

I also have a small exposure to Pt, buying at times like these when it's cheaper than gold...

Except in the UK, where VAT on silver makes physical silver overpriced compared to gold. So I hold predominantly silver in my allocated, offshore accounts and predominantly gold close to hand. (By value, that is, not weight!)