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Gold and silver seem to be missing out on this bull market rally in metals, energy and other commodities. I keep hoping that one day I might get some return on the miserable silver investments I've been holding for the past 8 years.

Perhaps they're considering just using Bitcoin. :D

Yep, we're slowly destroying it with our consumption, waste and pollution. I'm glad I don't have young kids with what's in store for them. But don't worry, human ingenuity can fix/solve anything. :rolleyes:

I think he/she means, do the opposite of what you think you should do. Open two accounts, Jekyll and Hyde. In the Jekyll account, trade like you normally do. In the Hyde account, take an opposite position with exactly the same %stoploss and profit target. (ie. when Jekyll goes long, Hyde goes...

I bet the Treasury and the Fed will love that. :D

Something I've been thinking about for a while... Suppose you were tasked with picking a stock, say from the S&P500, which had a good chance of being a decent percentage higher in a few days time. Is this even possible? (Proponents of the efficient market hypothesis would say it's not because...

The >90% trader failure rate suggests the overwhelming majority of traders do worse than random coin toss. :D

Here's the thing though. It doesn't really matter. Option 1 Invest the £9k pension fund in something conservative and sensible. Best case scenario, 10% p.a. Perhaps doubling capital in 10 years. £18k pension fund in 10 years won't make much difference to standard of living in retirement...

Well, I've learned that I'm no good at speculating. :D I suppose the sensible thing to do now would be to just put the £9k in a conservative fund. But even if it doubled by the time I'm 70 (in just over 10 years) it would hardly be much use as a pension. A useful sum would be over £100k but...

Yes, unrealized losses. I'm still holding the risky silver investments I bought in 2013. It's a bit of a long story. All of this was done in a pension account I decided to start actively "managing" myself back in 2004. Things started out ok but fell apart when I bought into the precious...

Digital images of bears, pandas and cigars worth tens of thousands of $? It does sound a bit crazy but probaby it's just me being too old to get it. :D

Frankly I'm not in a good place. Listening to so-called experts, I stupidly sunk a big chunk of net worth in silver investments back in 2013 and have been in heavy drawdown (mentally as well financially) ever since. I did consider dumping this in 2019 and switching to bitcoin when it was $4k...

Bitcoin's use appears to be primarily speculative or as a store of value like Gold. I can't see the US Government ever being happy about more and more of its citizens pumping dollars in to it. Those are dollars that could otherwise go somewhere which actually benefits the US economy. The same...

What sort of thing would a real user be doing with it? I just assumed that virtually everyone who owns BTC was in it to get rich quick. And to be fair, it's worked a treat since its inception. If you hodled it for a few years or so, you would have made 1000% gains or more. It's not...

I've only ever heard Governments, like the US, denigrating Bitcoin and warning people off it. Most Governments don't want their citizens saving money, hence near zero interest rates. They want people to go out and spend, spend, spend to prop up the economy. They don't mind people putting money...

I guess it's possible. But to put that in perspective, it would mean this: US national debt: $28tn Total value of NYSE: $25tn Total worldwide savings*: $22tn US GDP: $22tn Money held in bitcoin: $17tn China GDP: $14tn Total value of above ground gold: $11tn * Breakdown by country...

I don't know where you live but most people on this forum are either in the US or other developed countries. I imagine it would be of some concern to folks here if Governments took action against bitcoin. It doesn't take much to move the price, and this would certainly do it big time. That's...

Some countries levy a property tax. You pay a % in tax each year on the value of property you own. Uncle Sam could do the same with bitcoin. Failing to declare your bitcoin holdings to the IRS would be tax evasion and you could end up like Wesley Snipes. Never underestimate the Government to...

If you live in the US, and own bitcoin, the US is not irrelevant. Ditto if you live in any other country where the Government decides to crack down on bitcoin. If you're a US citizen, you'd be a fool to say Uncle Sam can never touch my bitcoin.

In the grand scheme of things, El Salvador is irrelevant. It's just a tiny poor country in Central America. Trillions, really? BTC is by far the biggest, and that's only 0.75 trillion. I get it. You want BTC to go to the moon. I'm just saying Uncle Sam might have other ideas.