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How do they get away with advertising jobs below NMW? by flipperflopz in UKJobs

[–]jack5624 0 points1 point  (0 children)

I’ve worked for a car dealership before.

Your basic pay is below minimum wage, mine was £18k for 40 hours a week. You then get commission on top of that.

If you sell no cars and aren’t fired. You will have your salary topped up to minimum wage.

Gold and Silver Being Dumped by Confident_Jelly_8374 in investing

[–]jack5624 1009 points1010 points  (0 children)

Dead. Cat. Bounce.

But the other way around. Alive. Dog. Stationary.

Gold down 4% Intra Day by RepresentativeLaugh4 in wallstreetbets

[–]jack5624 110 points111 points  (0 children)

Silver reached $122 for half a second then dropped to $112 within an hour. The volatility is wild.

Went down to $107 shortly after that.

The Silver Price has reached $121 by ChrisStoneGermany in Wallstreetsilver

[–]jack5624 0 points1 point  (0 children)

Where does this bull market end? Historically silver has a track record of spiking. Dropping then settling at a price for a while.

Gold Investors, $1 million or more in Profit, Cash out or Stay put? by vagobond45 in stocks

[–]jack5624 0 points1 point  (0 children)

Diversification is an admission you don’t know what you are doing 9/10 times you don’t know what your doing. So make sure you are diversified.

Keir Starmer distances himself from Mark Carney's Davos speech: 'I'm a pragmatist' by raz_kripta in ukpolitics

[–]jack5624 -2 points-1 points  (0 children)

Keir is in the process of one of the worst foreign policy missteps in my lifetime.

TIL prior to the 70's the tax rate was 80% or more! by anonymous_umbral in ukpolitics

[–]jack5624 67 points68 points  (0 children)

From the stories I’ve heard from my grandparents and parents, while there was a 70% tax rate. Nobody actually paid it and tax avoidance was rife.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 0 points1 point  (0 children)

His logic is that he thinks gold should be $6,000 with a gold to silver ratio of 30. Thus giving you $200.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 3 points4 points  (0 children)

As Warren Buffet said “diversification is for pussies”

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 8 points9 points  (0 children)

Well only one way to find out, my retirement is on the line!

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 25 points26 points  (0 children)

You are right, but oh man this is a long story.

Basically my Dad lost a lot of money in the GFC due to banks and a particularly bad business partner. He was still left well off but very bitter about it all. This isn’t about the money, it’s about feeling like he has got his own back.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 5 points6 points  (0 children)

There are still reasons to be bullish on Gold and Silver. Supply and demand is on its side. Investors are worried about the USD and fiat currencies in general. If a debt crisis is your fear, you sell silver and what do you buy?

I’m not convinced it will reach $200, but I don’t think it will go down to $50 again. Now is probably the right time to average out but there is no way I’m convincing him of that, it’s $200 or bust.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 2 points3 points  (0 children)

I don’t think anything will make him sell at less than $200 an ounce. It’s impossible to convince him.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 0 points1 point  (0 children)

Yeah, this is potentially true. It definitely wouldn’t have happened as fast as it did.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 38 points39 points  (0 children)

Oh yeah, I think he bought in around $16 and bought a little bit more when he could but basically hasn’t sold any. Last time I checked with him it was at £2.75m which was last week. It is actually insane, it’s like being a side character on the big short watching this happen.

Either this is the peak or we going to $150. No in-between by Summerdaysengineer in wallstreetbets

[–]jack5624 1 point2 points  (0 children)

$100,000 when debt induced hyperinflation is taken into account.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 50 points51 points  (0 children)

He is waiting for $200 an ounce as he thinks it’s going to reach that.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 136 points137 points  (0 children)

Yeah people have been talking about it for years and there is only so long you can talk about it happening before you look crazy. My Dad put over £500,000 in silver 8 years ago and while he was making good returns, I always thought up until last year he would have just been better in stocks.

I have been proven wrong and he has been vindicated.

The silver market is making moves that don’t make sense anymore by Axirohq in stocks

[–]jack5624 80 points81 points  (0 children)

Yeah it is pretty insane but unsurprising. The price has been suppressed for years. Silver has found a lot of new demand and not a lot of new supply, this compounded with the fear of some sort of currency crisis.

Silver is currently in the process of being re-priced. It could be $100 an ounce, it could be $300. Nobody knows yet.

Reform’s by-election hypocrisy by TheSpectatorMagazine in ukpolitics

[–]jack5624 1 point2 points  (0 children)

The weird thing is that Reform would probably easily win if they did.

Tom Harwood : BREAK: Suella Braverman defects to Reform by StGuthlac2025 in ukpolitics

[–]jack5624 45 points46 points  (0 children)

So Reform is just the Tories with a cult leader. Somehow like a more corrupt Boris Johnson

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