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MonkeysUncle

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  • Posts

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    United Kingdom

Reputation Activity

  1. Like
    MonkeysUncle reacted to westminstrel in Official Coronation Coin Range Reveal   
    If wishes were horses, beggars would ride. 😏

    https://www.royalmint.com/shop/monarch/charles-iii/coronation/ounce/coronation-of-his-majesty-king-charles-iii-2023-1kg-gold-proof-coin/
     

  2. Haha
    MonkeysUncle got a reaction from westminstrel in Official Coronation Coin Range Reveal   
    Make a 1kg proof, plenty of room for lettering! 😄
  3. Like
    MonkeysUncle reacted to Silverlocks in Bullion vs Proof vs Graded   
    PF70 proof coins in cases leave me cold.  You don't really do anything with them - It's just ticking a box.  As collectibles, I get why some folks love having the perfect coin but it doesn't really do a lot for me.  I'd rather have a nice Victoria or George V sovereign that's actually a find - in the case of the sov you've picked it out of a sea of mediocre examples.
    Having said this, I've got a firm foot in the stacking camp.  Some higher premium items like proofs or rare coins could have a place in a stack if bought at the right price - numismatic items can have upside as well as downside - but you wouldn't want to overpay.  
     
  4. Like
    MonkeysUncle reacted to paulmerton in Official Coronation Coin Range Reveal   
    So tiny 🤣

  5. Thanks
    MonkeysUncle reacted to westminstrel in Official Coronation Coin Range Reveal   
    Chards seems to be one of the dealers that didn’t take preorders, and their page mentions they will offer the SotD for sale after they get physical stock. So there’s a chance to get it from there. 🤞🏽 
    https://www.chards.co.uk/2023-coronation-of-kciii-strike-on-the-day-bu-sovereign/18615
  6. Haha
    MonkeysUncle reacted to SidS in Binlord of the week on ebay   
    All you eagle eyes folks looking out for fakes on eBay. So cynical, next you'll be telling me my brass threepence is fake. 😁
     

  7. Haha
    MonkeysUncle got a reaction from CazLikesCoins in Official Coronation Coin Range Reveal   
    Nah, it is way more irritating. It constantly goes beep beep this coin is reversing. 
    You have to pay a squillion pounds for a special noise cancelling capsule otherwise you go even more insane than you were to start with.
  8. Haha
    MonkeysUncle got a reaction from EliteNeo in Official Coronation Coin Range Reveal   
    So is everybody on here now bust so that I can get some bargains in the trade section? 🤣
  9. Haha
    MonkeysUncle got a reaction from goldmember44 in Official Coronation Coin Range Reveal   
    So is everybody on here now bust so that I can get some bargains in the trade section? 🤣
  10. Haha
    MonkeysUncle got a reaction from Chrisplym in Official Coronation Coin Range Reveal   
    So is everybody on here now bust so that I can get some bargains in the trade section? 🤣
  11. Haha
    MonkeysUncle got a reaction from JamesH in Official Coronation Coin Range Reveal   
    So is everybody on here now bust so that I can get some bargains in the trade section? 🤣
  12. Haha
    MonkeysUncle reacted to Paul in Official Coronation Coin Range Reveal   
    Ask @James32 first for permission, it's rude to cut in line 
  13. Haha
    MonkeysUncle reacted to CazLikesCoins in Official Coronation Coin Range Reveal   
    How does that work? If you turn it around won't it be back to normal? 🤔
  14. Haha
    MonkeysUncle reacted to Bullionaire in Official Coronation Coin Range Reveal   
    Even more incredibly, my SOTD sovereign has been despatched... definitely something a bit fishy there... 
     
     
     
    I am of course joking 😛
     
  15. Thanks
    MonkeysUncle reacted to adamantio999 in Gold found at Hilters Nazi brothel in Poland   
    There are many patterns in history repeating or rhyming themselves. One I saw very often is a goverment (democracy, dictatorship, empire or monarchy) of a powerful civilisation deciding to spend more than it could afford or collect in taxes, and deciding to "export" its financial problems by expanding its territory and subjugating other civilisations.
    The example of the Nazy Germany was lampent. Its economic miracle pre WW2 was no miracle. It was currency creation and desire for "lebensraum" (living space), which pushed Hitler to invade Europe, in order to export paper reichsmarchs and steal resources and wealth (gold from their central banks) of Czechoslovakia, Poland, Norway, France, Greece, Soviet Union and so on.
    We have seen may others alike.
    A few weeks ago I've had a long chat with a dear friend of mine, about a topic which is, as italians, very familiar to us: the rise and fall of the Roman Empire.
    From the punic wars onwards (two centuries before christ), almost every conquest of the Roman Republic was launched with the purpose of looting new territories, in order to seize their land and guarantee a flush of slaves and wealth (in the form of gold, silver, jewelry) from the defeated populations. Think about Julius Caesar. He started the Gallic wars in 58 BC as a Proconsul on the verge of bankrupcy, and 8 years later, after having hannilated the Gauls on the battlefield and looting their land (modern day France), he was one of the wealthiest man in Rome.
    Then, a few years before Christ, two civil wars turned the republic into an empire. It was wide, rich, militarily powerful. And greedy.
    The emperors always wanted to spend more than what he could collect in taxes. They had bureacracy to maintain, projects to build like acqueducts, arenas and roads all over the empire (never seen anithing alike later in the middle ages). And vaste armies to pay.
    But there were plenty of territories to conquer. Britannia, Lusitania (portugal), Middle east, North africa, Balcans. And therefore there were plenty of slaves to bring to the empire and to put to work for free. And plenty of Gold and Silver to take from the conquered population. The endless conquests of the Empire worked very well for two centuries, as long as there were territories to occupy, in order to satisty its unquenchable thirst for "over-spending".

    Then around the 200 AD, the Empire reached its geographical limits. Atlantic ocean in the west. Rhine and Danube in the north. Sahara desert in the south. Parthian empire as main enemy in the east. It couldn't expand any further and it was overstretching.
    No more lands, slaves, gold, silver. No more fuel for its engine. It will become known as the "crisis of third century". Because the only solution to keep overspending, was to create inflation. They relentlessly started to debase their currency, lowering its purity, melting gold and silver with worthless metals. The picture down below gives a pretty good idea.

    At some point inflation was out of control. In one year, while the state doubled the salary of the soldiers, the price of grain tripled.
    They tried to control and lock prices. Did not work. The free market was out of control.
    They divided the empire in two with two emperors, Western Roman Empire and Eastern Roman Empire (later known as Byzantine), in order to make the management of that giant easier. It helped the eastern much more than it did for the western. 
    After that for a century or so (from 285 to 376 AD), the empires seemed to flourish again, thanks a long series of population migrations (whom the romans called barbarians) from asia and north-eastern europe. Immigration was successfully controlled, and helped both the empires to bring in new blood, new workforce, new soldiers. They settled in, learned latin or greek, became Romans. They compensated for the foreign territories Rome had no longer the strenght to conquer.
    But at some point the barbarians crossing the Danube into the empire were too many. A series of accidents sparked a war and the Goths wiped out the Eastern Roman Army ad Adrianople in 378. The East managed to remein safe after the disaster, but the Goths, just a generation after, invaded the italian peninsula, sieged and sacked Rome in 410. It was the first time in 800 years that the ethernal city was violated by a foreign power, and its days were numbered. The Western Roman Empire collapsed under the never ending barbarian invasions, and ceased to exist in 476.
    The Eastern Roman Empire though, had a better geography, richer lands.
    And started coining once again an hard currency made of gold and silver from the 4th century. To distinguish it from the always inflated Western denarius, they called is "SOLIDUS" (which in latin means "hard", standing for hard money).
    The eastern roman empire survived another 1000 years, until 1453.
    Later in the middle ages, the latin language started giving birth to the italian (my mother language).
    That "SOLIDUS" started being called just "SOLDO".
    And still today, SOLDO is the italian word for "money".
     
  16. Like
    MonkeysUncle got a reaction from slack in Bullion vs Proof vs Graded   
    I have to admit that I am at this time enviously eyeing a lovely collection of bullion Sovs which are up for 25% premium over spot.
    Itchy trigger finger vs Yorkshire 'ow much!
    Not sure which way it'll go...
     
  17. Like
    MonkeysUncle got a reaction from CANV in What would you do? Gold buying dilema   
    As a Yorkshireman 100 pound, 'ow much!
    I've got silver hidden up in t'chimney!
    S'long as **** Van Dyke don't go messin' wit t'brush should be reet.
  18. Haha
    MonkeysUncle got a reaction from Tortoise in What would you do? Gold buying dilema   
    As a Yorkshireman 100 pound, 'ow much!
    I've got silver hidden up in t'chimney!
    S'long as **** Van Dyke don't go messin' wit t'brush should be reet.
  19. Like
    MonkeysUncle reacted to pricha in What would you do? Gold buying dilema   
    If i had that sort of money first I'd purchase sovereigns, second I'd buy more sovereigns and if i had any money left over I'd by some sovereigns . Had you followed that plan 10 years ago you'd have done very well .
  20. Like
    MonkeysUncle reacted to JohnA1 in What would you do? Gold buying dilema   
    My assumption is always that they will only sell at spot (if that). Anything more would be a welcome extra, but I won't be holding my breath.
  21. Like
    MonkeysUncle got a reaction from CazLikesCoins in What would you do? Gold buying dilema   
    In total seriousness if people getting close to it are suffering headaches then it is very seriously faulty - get it checked out, they use mobile phone technology and the tin foil hat brigade have always been wary. Some years ago I had a cheap nasty HTC smartphone and used to get headaches if gassing on it for long periods of time - which as my job involved gassing on blower a lot was not good. Replaced with Samsung,  problem gone. I do not believe in coincidence.
  22. Like
    MonkeysUncle got a reaction from SeverinDigsSovereigns in Bullion vs Proof vs Graded   
    I have to admit that I am at this time enviously eyeing a lovely collection of bullion Sovs which are up for 25% premium over spot.
    Itchy trigger finger vs Yorkshire 'ow much!
    Not sure which way it'll go...
     
  23. Like
    MonkeysUncle got a reaction from FourNinesFine in Bullion vs Proof vs Graded   
    I have to admit that I am at this time enviously eyeing a lovely collection of bullion Sovs which are up for 25% premium over spot.
    Itchy trigger finger vs Yorkshire 'ow much!
    Not sure which way it'll go...
     
  24. Haha
    MonkeysUncle reacted to CazLikesCoins in What would you do? Gold buying dilema   
    Even worse, I've got a smart meter. And it's close enough to give everyone who sits in a particular chair a headache. When neighbours come around that I want to get rid of I have them sit in the chair. They don't last long. I thought about getting it replaced with a new meter but it has its uses as a weapon of mass destruction.  😁
  25. Like
    MonkeysUncle reacted to Bratnia in What would you do? Gold buying dilema   
    A barbell of stock and gold is a good choice of asset allocation. As a hiding place a standard machined out barbell bar can comfortably contain around £500,000 value of Sovereigns at recent price levels. Attach/fix on two 100 pound bells and intentionally make it difficult to remove/separate those from the bar, and any burglar isn't inclined to run off having stolen a 240 pound weight barbell.
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