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SillyMilly

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Posts posted by SillyMilly

  1. On 27/12/2021 at 09:55, MongiIG said:

    Hi @SillyMilly

    Have a look at Gold Q1 2022 Fundamental and Technical Forecasts below:

    Hope this helps!

    All the best - MongiIG

    Thanks for the link!

    I read on it that it states

    but even if Omicron rages, the political appetite for more stimulus in the face of persistently high inflation readings does not appear to exist.

    So its the inflation that make gold rise and it would appear to state that another lockdown will not cause more inflation

     

    Also I read the bit about the pull back

    I have read ells where that when the markets crash gold prices will drop at first in a pullback and then go up

     

    I have been watch "Southbank research" And they seam to think that the price of gold now has settled

    Southbank also claim then in the next 12 moths we will see the markets crash but there will be no prior notice to it before it happens

    • Great! 1
  2. On 24/12/2021 at 12:05, MongiIG said:

    Trade idea: 24/12/21 long precious metals

    IGTV's Jeremy Naylor looks at gold, silver and platinum as precious metals move up.

    https://www.ig.com/uk/market-insight-articles/trade-idea--long-precious-metals-211224

    image.jpeg

    I watched the video and all 3 metals looks like they are in the same target (gold silver and Platium)

    Do you think it is better to invest in precious metals in general to give better stability rather then just gold and silver?

    Thanks

  3. On 24/12/2021 at 12:26, MongiIG said:

    Gold Price Analysis and News

    In a year where inflation has hit over three-decade highs, gold has struggled throughout much of the year, with the yellow metal down over 4% YTD. This comes amid sticky and not so transitory inflation pressures forcing the Federal Reserve to remove emergency stimulus much quicker than markets had expected. Therefore, dampening the appeal for gold, particularly with real yields finding a bottom.

     

    How do you think gold prices will do over the next quarter and then next year?

    Do you think they will go up or down in another lockdown?

    Do you think gold would beet hyper inflation?

    Do you think now is the time to buy or should I weight a while?

    Thanks

  4. Hi

    I would like to buy a few gold sovereign coins to keep for a couple of years or so then sell on later in the hope of beating hyper inflation

    I was told not to buy them online or mail order because the postage is very expencive and I was told to buy them in person

    I live in Manchester, UK.

    Surgestions please on where to look if considering buying. Buying somewhere that is safe so I know I am getting real gold and somewhere that dose not charge an extortion on broker fees? I was also told to avoid jewelers has there transaction fees where extortion

     

    Thanks

  5. I checked that link out quickly. Dose it mean that you can not buy and sell retail goods in the UK with Crypto.? What about wholesale sales? What about just investing in it and when you need to purchase changing it back into cash?

     

        1 hour ago, MongiIG said:

        This means that, if you’re contracting with our UK office, you’ll only be able to trade cryptocurrencies through CFDs and spread bets if you’re classified as a professional trader. Learn more about professional trading and check your eligibility on our professional account page.

    [Click and drag to move]

    What dose FCA and CFD stand for? Are you/ this web site a broker?

    What about if you a not a professinal trader? and your sol purpose is to save money in crypto (and also buy and sell if allowed to do so in the UK)

     

    Thanks

    SM

  6. Hi

    I am looking at getting started with buying and saving in crypto with a view to sell on later when needed

     

    Any advice on how the whole thing works please?

    Where and what to buy and sell? and how you store it?

     

    Or is crypto a closed club for those in the know how and my post wont be posted?

    Thanks

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