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SidS

Member
  • Posts

    2,625
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    SidS got a reaction from LukeStacker in Best circulated Silver coins to stack for future capital growth   
    I always liked Swiss silver coins.
  2. Like
    SidS got a reaction from stefffana in Best circulated Silver coins to stack for future capital growth   
    I always liked Swiss silver coins.
  3. Haha
    SidS got a reaction from Griffo in The best way to store your Silver & Gold..   
    In a sturdy chest buried on a desert island with a map to remind you where you left it. 😁
    Sorry I couldn't resist...
    On a serious note though avoid any containers or plastic wallet/pages etc. that contain PVC, this can leach out and damage the surface of coins.
  4. Haha
    SidS got a reaction from EdwardTeach in Gold Monitoring Thread £ GBP only   
    If covid's taught me one thing toilet paper holds its value rather well.
  5. Haha
    SidS got a reaction from SovereignBishop in 2340 toz gold nugget   
    It brings a whole new meaning to the words "Captain's log, star date 2340".
  6. Like
    SidS got a reaction from FlorinCollector in Gold Monitoring Thread £ GBP only   
    I was going to say this, but you bet me to it!
  7. Thanks
    SidS reacted to FlorinCollector in Gold Monitoring Thread £ GBP only   
    Untrue here. Lab grown diamonds are being grown and they are grown to be flawless. These diamonds still trade for less than what the equivalent real diamond sells for. 
  8. Haha
    SidS got a reaction from Roy in Gold Monitoring Thread £ GBP only   
    And cabbage.
  9. Haha
    SidS got a reaction from Mtaybar in Gold Monitoring Thread £ GBP only   
    If covid's taught me one thing toilet paper holds its value rather well.
  10. Like
    SidS got a reaction from Smiler999 in Gold Monitoring Thread £ GBP only   
    Crypto is a textbook case of 'bigger fool' theory. A lot of money can be made from the rollercoaster ride (just like the stock markets) but make sure you're not holding the cards when the music stops.
    There are two problems with crypto that I see, which are the two 'virtues' it is supposed to have.
    1) It is an alternative currency - well it may have been designed that way, but it's not used as a currency in reality as it's too slow and cumbersome to used. It requires a lot of processing power and vendors willing to accept it.
    2) It's a store of value as the issue is limited - Well firstly, the value is tied to nothing - it is virtual (thus not real) - the value only exists in the mind of those that think it should have value (and then only because of the Greater Fool theory). In essence crypto is not dissimilar to the mind tricks that give fiat currency value. It only takes enough people to question the mirage and where's the value then?
    Secondly, the issue is limited, due to its programming. Yeah great, but whose to say that can't be changed in the future. Mainstream banks don't have to regulate and ban crypto to destroy it, they can simply have it reprogrammed to alter the issue limit allowing inflation to take hold. Print it into oblivion.
    Say what you like about gold - it's had value for millennia across most cultures on earth. The supply and demand is truly fixed - there is a finite amount which the bankers can't really control. The can play paper markets and ghost it to try and control/suppress the price - which they do. However, that's the limits of their powers and one day it will fail when the veil slips.
    Incidentally, crypto can be manipulated too, a few tweets here and there and the price either goes up or down.
  11. Like
    SidS got a reaction from Tortoise in Gold Monitoring Thread £ GBP only   
    Crypto is a textbook case of 'bigger fool' theory. A lot of money can be made from the rollercoaster ride (just like the stock markets) but make sure you're not holding the cards when the music stops.
    There are two problems with crypto that I see, which are the two 'virtues' it is supposed to have.
    1) It is an alternative currency - well it may have been designed that way, but it's not used as a currency in reality as it's too slow and cumbersome to used. It requires a lot of processing power and vendors willing to accept it.
    2) It's a store of value as the issue is limited - Well firstly, the value is tied to nothing - it is virtual (thus not real) - the value only exists in the mind of those that think it should have value (and then only because of the Greater Fool theory). In essence crypto is not dissimilar to the mind tricks that give fiat currency value. It only takes enough people to question the mirage and where's the value then?
    Secondly, the issue is limited, due to its programming. Yeah great, but whose to say that can't be changed in the future. Mainstream banks don't have to regulate and ban crypto to destroy it, they can simply have it reprogrammed to alter the issue limit allowing inflation to take hold. Print it into oblivion.
    Say what you like about gold - it's had value for millennia across most cultures on earth. The supply and demand is truly fixed - there is a finite amount which the bankers can't really control. The can play paper markets and ghost it to try and control/suppress the price - which they do. However, that's the limits of their powers and one day it will fail when the veil slips.
    Incidentally, crypto can be manipulated too, a few tweets here and there and the price either goes up or down.
  12. Haha
    SidS got a reaction from TommyTwoShots in Gold Monitoring Thread £ GBP only   
    If covid's taught me one thing toilet paper holds its value rather well.
  13. Haha
    SidS got a reaction from sjhdesmond in Gold Monitoring Thread £ GBP only   
    If covid's taught me one thing toilet paper holds its value rather well.
  14. Haha
    SidS got a reaction from Bigmarc in Gold Monitoring Thread £ GBP only   
    If covid's taught me one thing toilet paper holds its value rather well.
  15. Haha
    SidS got a reaction from CaptCaveMan in Gold Monitoring Thread £ GBP only   
    If covid's taught me one thing toilet paper holds its value rather well.
  16. Like
    SidS got a reaction from stefffana in Gold Monitoring Thread £ GBP only   
    Crypto is a textbook case of 'bigger fool' theory. A lot of money can be made from the rollercoaster ride (just like the stock markets) but make sure you're not holding the cards when the music stops.
    There are two problems with crypto that I see, which are the two 'virtues' it is supposed to have.
    1) It is an alternative currency - well it may have been designed that way, but it's not used as a currency in reality as it's too slow and cumbersome to used. It requires a lot of processing power and vendors willing to accept it.
    2) It's a store of value as the issue is limited - Well firstly, the value is tied to nothing - it is virtual (thus not real) - the value only exists in the mind of those that think it should have value (and then only because of the Greater Fool theory). In essence crypto is not dissimilar to the mind tricks that give fiat currency value. It only takes enough people to question the mirage and where's the value then?
    Secondly, the issue is limited, due to its programming. Yeah great, but whose to say that can't be changed in the future. Mainstream banks don't have to regulate and ban crypto to destroy it, they can simply have it reprogrammed to alter the issue limit allowing inflation to take hold. Print it into oblivion.
    Say what you like about gold - it's had value for millennia across most cultures on earth. The supply and demand is truly fixed - there is a finite amount which the bankers can't really control. The can play paper markets and ghost it to try and control/suppress the price - which they do. However, that's the limits of their powers and one day it will fail when the veil slips.
    Incidentally, crypto can be manipulated too, a few tweets here and there and the price either goes up or down.
  17. Haha
    SidS got a reaction from Bigmarc in Gold Monitoring Thread £ GBP only   
    And cabbage.
  18. Like
    SidS got a reaction from RDHC in Gold Monitoring Thread £ GBP only   
    Crypto is a textbook case of 'bigger fool' theory. A lot of money can be made from the rollercoaster ride (just like the stock markets) but make sure you're not holding the cards when the music stops.
    There are two problems with crypto that I see, which are the two 'virtues' it is supposed to have.
    1) It is an alternative currency - well it may have been designed that way, but it's not used as a currency in reality as it's too slow and cumbersome to used. It requires a lot of processing power and vendors willing to accept it.
    2) It's a store of value as the issue is limited - Well firstly, the value is tied to nothing - it is virtual (thus not real) - the value only exists in the mind of those that think it should have value (and then only because of the Greater Fool theory). In essence crypto is not dissimilar to the mind tricks that give fiat currency value. It only takes enough people to question the mirage and where's the value then?
    Secondly, the issue is limited, due to its programming. Yeah great, but whose to say that can't be changed in the future. Mainstream banks don't have to regulate and ban crypto to destroy it, they can simply have it reprogrammed to alter the issue limit allowing inflation to take hold. Print it into oblivion.
    Say what you like about gold - it's had value for millennia across most cultures on earth. The supply and demand is truly fixed - there is a finite amount which the bankers can't really control. The can play paper markets and ghost it to try and control/suppress the price - which they do. However, that's the limits of their powers and one day it will fail when the veil slips.
    Incidentally, crypto can be manipulated too, a few tweets here and there and the price either goes up or down.
  19. Like
    SidS got a reaction from Bigmarc in Gold Monitoring Thread £ GBP only   
    Crypto is a textbook case of 'bigger fool' theory. A lot of money can be made from the rollercoaster ride (just like the stock markets) but make sure you're not holding the cards when the music stops.
    There are two problems with crypto that I see, which are the two 'virtues' it is supposed to have.
    1) It is an alternative currency - well it may have been designed that way, but it's not used as a currency in reality as it's too slow and cumbersome to used. It requires a lot of processing power and vendors willing to accept it.
    2) It's a store of value as the issue is limited - Well firstly, the value is tied to nothing - it is virtual (thus not real) - the value only exists in the mind of those that think it should have value (and then only because of the Greater Fool theory). In essence crypto is not dissimilar to the mind tricks that give fiat currency value. It only takes enough people to question the mirage and where's the value then?
    Secondly, the issue is limited, due to its programming. Yeah great, but whose to say that can't be changed in the future. Mainstream banks don't have to regulate and ban crypto to destroy it, they can simply have it reprogrammed to alter the issue limit allowing inflation to take hold. Print it into oblivion.
    Say what you like about gold - it's had value for millennia across most cultures on earth. The supply and demand is truly fixed - there is a finite amount which the bankers can't really control. The can play paper markets and ghost it to try and control/suppress the price - which they do. However, that's the limits of their powers and one day it will fail when the veil slips.
    Incidentally, crypto can be manipulated too, a few tweets here and there and the price either goes up or down.
  20. Haha
    SidS got a reaction from HerefordBullyun in 2340 toz gold nugget   
    It brings a whole new meaning to the words "Captain's log, star date 2340".
  21. Haha
    SidS reacted to HerefordBullyun in Best silver memes   
  22. Like
    SidS got a reaction from JJH in Q.V. Reverse Shield or George V sovereign?   
    Victorian shield sovereigns all the way for me.
    Regarding withdrawal of sovereigns, I don't think there is a definitive answer. The facts I know:
    1) The government stopped paying them out after August 1914 and issued Treasury notes instead.
    2) The government began the propaganda campaign to donate sovereigns for the war effort, using posters etc.
    3) I assume banks would collect in any sovereigns paid in and send them back to the treasury. Banks would no longer pay out gold coins.
    4) Theoretically gold coins could still circulate freely amongst the population, and shops could still accept them, but if paid into the bank they'd disappear from circulation.
    5) At some point in around early 30s gold companies/jewellers were offering more than face value for sovereigns... Which is strongly indicative that they were not current.
    6) In Australia, sovereigns and halves remained in circulation until around 1931/2 - as evidenced by their banknotes stating that they were redeemable for gold (much like US gold certs).
    7) South Africa may have seen gold until around 1932 as well, not sure how prevalent though.
  23. Like
    SidS got a reaction from Silverman2U in George 6th Crowns   
    Gorgeous crowns, especially the George III!
  24. Like
    SidS got a reaction from Griffo in Do you have a Pocket Piece?   
    I just found it in the nick of time then! 🤣
  25. Like
    SidS got a reaction from Griffo in Do you have a Pocket Piece?   
    Looks like 1949 to me!
    If you had a 1964 Franklin I'd be interested!
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