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sstrrs

Member
  • Content Count

    33
  • Joined

  • Last visited

  • Feedback

    100%
  • Country

    Spain

Profile Information

  • Gender
    Male
  • Location
    Europe
  • Stacker/Collector
    Stacker

My Precious Metals

  • Metals I am interested in
    Silver
    Gold
  • I am interested in
    Bullion
  • My current Stack/Collection is mainly
    Silver
    Gold

Recent Profile Visitors

85 profile views
  1. If only the two could be linked in some way… 🤔
  2. Not entirely. This would be quite reasonable to expect in rural USA, the culture there would allow for it. If there were serious issues with the USD, the US is probably the one place in the world where silver would become a temporary de facto currency. Europe is another situation altogether, a place where rebellious industriousness has long since been bred out.
  3. She was extremely excited to see bits of triceratops hanging out of the t-rex's mouth. I hadn't even noticed. I think she'll be fine!
  4. This popped up on my feed: https://www.thewestmorlandgazette.co.uk/news/18620195.royal-mail-takes-action-tampered-mail-probe-warns-will-always-seek-prosecute/
  5. My daughter's savings coin for this month arrived just in time.
  6. With the price of gold on the rise, and the honesty and competence of postal services on the decline, it might soon make sense to add one of those little GPS trackers to your packages.
  7. It's difficult to understand why that is policy. Where I live, if you need to sign for a package and you're not home or don't answer… they take the package away and you have to reorganise delivery. If you are home, the person delivering will maintain a distance, ask you to ensure the package is in order, then sign for you. Anything less than that is poor work ethic, negligence or stupidity.
  8. I think the public are sufficiently stupid and weak that no, it won't. I do hope so, but honestly, something tells me they'll go to a centrally-controlled centrally-issued crypto token system to keep the game going, and it will feel sufficiently different that people will eat it up and the powers that be will get away with what they're doing for a decade or so more before that too unwinds. It's a gut feeling, but also based on some history, which people really into predicting the reset keep telling us to look to. As far as I've seen in history, money debasement leads to a currency collapse where they issue a new debased currency and try to the same thing a few times until not just the currency collapses, but the civilization too. If I'm wrong, it'll be because China suddenly backs their currency with gold. And if you play that out in your mind, the result could be war and so again, the civilization collapse.
  9. Ok, so I didn't just receive this, but I can't help showing it off considering the latest posts. It's one of the few things I ever bought for the design rather than the gold content - though I also absolutely love that it's got exactly 15g of gold in it and says so in plain English (well, Spanish) almost like it's a copper capsule to protect the gold. For me, a non-collector, there are only two superior coins. Mexican 50 Pesos and Peruvian 100 Soles de Oro.
  10. @SilverApe good points, though for some reason I find it hard to imagine any central bank being able to do anything they say they want to do. If Andrew Bailey said the sky was blue, I'd be getting my eyes checked that same afternoon. I also can't imagine a world with equitable taxation, I can't even go about defining equitable taxation in a world where even high earners are debt ridden and all the currency is tied up in realms beyond ordinary folk's imagination being sloshed around for stock buy backs and other stuff that's all academic for people like us. I honestly don't know which route the UK or most of the West is going to take towards hyperinflation, but in the US I can see the groundwork being laid for basic income modelled on the stimulus payments, and I would have never thought I'd see the US of all places lead the way on that. Maybe the rest of us will follow. If we don't then yes, liquidity crunch again, and bail-ins.
  11. As far as I'm concerned, bail-ins are guaranteed as soon as there's a liquidity issue. They changed the law to make sure of it. But with there currently not being a liquidity problem, more of a money velocity problem, I wonder if bail-ins would stop at the bank level in the same way that we generally all think negative rates would stop at the bank level. i.e. central banks confiscating the bank's deposits in the central banks if they don't get rid of them with cheap loans. I can't see how it would happen, but again I think it would need to be done under a populist govt with the public cheering it on, a kind of reverse 2008 situation whether the avg person still manages to lose. Also, I have no idea, but I'd bet the FSCS (or your country equiv.) doesn't cover any amount confiscated in a bail-in. They wouldn't even need to lower the limit. I doubt they left that loose end open.
  12. I was going to mention what @SilverApe said about "real rates" and what @MancunianStacker said about fees to emulate negative rates. …since we're mostly talking about the UK, wasn't there some kind of issue a while ago where retail banks actually didn't want any of the market share @Melon says they wouldn't want to give up? i.e. they didn't want to offer free current accounts to the masses but were kind of forced to by the govt as it was seen as an important public service? That's the extent of my knowledge on that, but it would suggest that a move to a fees based system could easily be introduced, or no? The main obstacle would likely be the UK's populist govt I suppose. After 2008 banks were given lots of liquidity to be able to make loans and they didn't. My guess is that if there were negative rates from the central banks, they'd shift this cost onto the consumer somehow and still not make new loans. Whether that's with maintenance fees or something else, I don't know. The interesting thing is that at that level and the quantities we're talking, banks can't hoard cash as they consider it too expensive to do so.
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