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Delboy

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  1. I noticed this a whie back. If you consider that to have a GM account you must have a reasonable amount in there then extrapolating you or I could be amongst the top 50K wealthiest people!
  2. I believe everyone have missed the trick that JPM are playing with the vault. It is not to delivery their own shorts it is for taking gold as collateral on investments from customers and then using their physical gold to then hedge and thus be able to `deal in paper 100x the underlying physical'. They recently announced that gold was good and acceptable as collateral.
  3. Just sold virtually all my uranium stocks for obvious reasons. Might invest in coal now........They had not performed really and it was a ot of money for me and I could not just let it ride. Really thought I will try some junior PM miners instead.
  4. Update on House. I put in an offer of 410K. Email from agent states " vendor already has an offer of 550K which they are considering, you offer is out of the ball court" I responded " Sorry your email is unclear. Did you say they had seen the offer, read it and rejected it?" I am awaiting a response. Remembering that the asking price was an over inflated 560K why would they be considering it? I'd bite their hand off!
  5. We both have jobs and one is a key worker so pretty solid. One persons wage maybe enough to cover mortgage and outgoings. Yes I would like to make the most of any drops and fully understand the whole inflated prices etc I got stung in the last crash so I have learned my lesson. I think I will let fate decide by putting in a stupidly low (but actually realistic) price and see what happens.
  6. Property ticks many boxes and could be the forever home. Also if I can fix on mortgage now it will be better than fixing later if(and when) rates rise. I rent which is fine but if I can get in there with this one it would also help as the missus is having the first baby and needs to nest. It's not rushing as I was thinking more Spring 2013 however, if I can get what I want now at the right price then near term peace of mind is greater than long term gain and the unknowns of the future. Its a bit like NPV but non financial if that makes sense. If it works out with deposit and price, I can keep some PM's which I can use to pay off mortgage over time.
  7. I viewed my first house in seven years today. The road is a mixture of mainly 3 Bed with some 4 Bed. It is a 4 bed with a large garden (even compared to the others in the road that are large for surburian London outshirts). Also has a garage, en-suite, cloakroom and out house. Nothing has sold in the road for six months although there appears more movement now with 3 Bed on for 380K. The highest every price was 430K July 2007 peak from a reasonable selection of sample data. Asking price? 560K! I am thinking 400-430K Max however its a lot of house. The house sign says SOLD and it was under offer but came back on as the agent says the third party is having trouble selling their property. It is selling with no chain and the owner brought it at least as long ago as 1994 as no original sale price exists. The story from the agent is that the owner lives in the area and has been renting it for a long while and now wants to sell. I have been tracking it since Oct and it was advertised and I believe rented from about then onwards but it was also up for sale for the same time. I dont fully believe the long term rent bit as the condition of the kitchen etc is too well maintained, the original internal pictures show very homely furniture and family photos of typically the type of person I would have thought lived there. Also and this is the clincher in the garage is a beautifully restored/original 1950's Austin! I would not leave that in a rented accomodation especially if I had a house with a garage somewhere else. I am a FTB with good deposit and I rent so an ideal buyer. The agent says the original offer was 530K and there is someone else considering an offer around that and said the owner wont accept less than that. Obviously there are other non financial considerations but is my estimate a fair price or maybe lower?
  8. Stock update. URZ and A9Y (uranium one) are roaring away, whilst the others are back on the purchase price. I definately brought at the short term top. New year hit this sector bad. It was always a 2-3 year punt anyway.
  9. I was having a conversation about LTV and the size of the deposit required recently and explained that the LTV is effectively how much the lenders think at max house prices will fall. It then occurred to me to see when would it have been possible to have brought the house for cash with the deposit i.e. when were house prices 25% of what they were at peak. The answer is a surprising 1987!
  10. USU, UEC, URG, URZ, DNN, URRE, A9Y and CCJ. Plus URA ETF why?
  11. My new investments have got hit badly so far, just my luck, still if can't stand the heat!
  12. Time to look again at Uranium? General commodity price increases, oil price increases, changes in public concerns for a nuclear energy requirement to meet greener needs? My opinion is maybe what with many more in construction now might be a better time to get in. My caveats are global economic slowdown puts pressure on energy usage, investment both public and private dries up and subsidies are reduced. Any thoughts?
  13. I can not buy the other shares with my trading account except Uranium One (XETRA:A9Y). Having looked at the Global X Uranium ETF (NYSE:URA) this seems the best option for those that are not interested in individual companies or lot of research. After doing all mine the majority of the good ones are in here. This is a recent ETF and along with the NYSE:LIT lithium equivalent seem sensible exposure to these markets. I beg the question though are ETF's safe?
  14. FYI I brought URRE, CCJ, URG, URZ, UEC, USU in order of size of investment. I will be trying to buy IUQ, A9Y, UIS FUND, PUR, CXZ AND TU3 mainly on XETRA again in order of size. My trading facility only allows LSE, NYSE, NASDAQ, AMEX and XETRA if I am lucky! I will keep you posted.
  15. Time to wake this thread up! Have you seen the price of uranium recently a nice uptick in the last couple of months and historically looks low so plenty of movement. S/D determinants look good too. I have been researching this area and it looks like another silver type market but with a more benevolent controller. Some major gains on popular stocks too. I have not picked my winners yet but my usual technique is buy many companies with smallish amounts and bank on the upside. I divide iniital investments into three amounts spending most on producers, next developers and the least on explorers. Also I consider and prefer stocks that have not made mid term highs and are going that direction. I found it interesting reading back over this thread in that it details the high and lows of an effectively a bubble market; is this time different? I will use Dr Bubb to indicate when the bubble is about to burst based on what occured here
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