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Danny-boy

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Posts posted by Danny-boy

  1. 22 hours ago, Leonmarsh said:

    The longines is stunning hard pushed to find a better watch for the money 

    Thanks buddy. I'm waiting to chat with my work colleague who is a massive watch fan, but he's out on site today so will speak to him tomorrow.

    I know nothing about watches, but I love the look of this one. Need to consult an expert first though.

  2. 39 minutes ago, ArgentSmith said:

    Seems like a fair point but if there was a Global internet outage and electricity blackout for any amount of time there would be nothing to buy. Certainly can't imagine a candle lit Supermarket with mechanical tills accepting gold and silver coins.

    But that is not the question you were asking.

    If there is something to buy, PM's could work but crypto could not. It would be impossible to buy something with crypto.

  3. 1 hour ago, ArgentSmith said:

    Can anyone name one advantage Gold has over Bitcoin, with regard to it's function as money. Not jewellery making.

    Gold is not reliant on electricity or a web connection.

    In an electricity blackout, or global internet outage, crypto is completely useless.

    Gold is physical and can be traded without technological barriers.

  4. 3 hours ago, slinkyjynx said:

    Gold vs Crypto is a really interesting topic, but you can really quickly get into the weeds across a couple of top level points:

    As a store of value

    Gold is often touted as having an "intrinsic" value, where cryptocurrencies don't. I think this is a fallacy as the price of gold is quite simply agreed on between buyers and sellers in the same way as any other instrument is (based on similar factors like scarcity, supply etc) and both will have value as long as people believe they have value.

    As a static or dynamic entity

    Gold is a physical, immutable object. It will stay the same for eternity. Cryptocurrencies are technology. Technology evolves, mutates, dies and becomes succeeded over time. I think of Bitcoin/Ethereum etc as being the floppy disk of cryptocurrency technology. It's the first mass market attempt at solving a problem, but it will be replaced by something better in time, so this has to factor into the equation.

    As a method of transacting

    Both fall short against fiat currency, but crypto has the edge here as many businesses and individuals will accept payment in Bitcoin or other cryptos, and you can easily pay in fractional amounts whereas you'd have to barter up or down to the equivalent value of gold you have at the time. There was a time when both would have to be converted into cash before you could use their value to make a purchase, but through being a technology as mentioned before, Bitcoin overcame this problem.

    Online vs Offline

    In a SHTF scenario, imagine if the internet went down: Your crypto would be useless, but gold has been a transactional currency since the beginning of time when our ancestors traded a golden nugget for some 21' diamond-cut alloys to put on their mammoth cart.

    I could go on and on, but in the end I think the answer should be "Why do I have to pick between them? Just own both."

    That's what I do.

    I have to respond to this. Some very good points, and some I have a differing opinion on.

    As a store of value - I too think this is a fallacy. You could stamp your seed phrase into a chunk of metal, and your crypto is then physical. 

    As a static or dynamic entity - the thing with this is, crypto projects are not physical and therefore can change. Ethereum by timescale of invention may be like the floppy disc, but it is now nothing like it was when first released, it is a totally different beast. And will be even more different when ETH2.0 arrives next year. It is not a fixed invention, it is constantly upgradable. Even BTC has a taproot upgrade later this year, which is an evolution albeit not a spectacular as some others. But BTC is BTC, and will always be king in my opinion. There is no need to "replace" any crypto with something better, as they can evolve themselves to become that something "better".

    As a method of transacting - whilst I agree crypto falls short against Fiat in some scenarios, it does not in others. Transportability is an issue for Fiat, there are cross-border limits, and high fees when sending across the world. There is also time, Fiat is particularly slow due to the middlemen that need to be involved. Using Bitrefill, you can practically pay for anything with crypto. You also have to think about anonymity here. I know cash is anonymous, but it's not easy when the person isn't standing in front of you, and the vast majority of people are far more cashless than they once were. I could send BTC to anybody anywhere in the world right now, and I could do it for practically free (depending on what crypto you send) and nobody would know about it or have any involvement / control over it.

    Online vs offline - completely agree with crypto being generally useless here, but PM's are too. Nobody I know even knows the value of gold, and fuel / food / water would be far more valuable in a SHTF scenario.

    As far as your final statement goes, I couldn't agree more. Don't choose between, have exposure to all three and you can't really go wrong.

  5. 35 minutes ago, Timbo45 said:

    Would a parcel forwarding company work for this?

    Ship the purchase to a parcel forwarding Co in NI with an NI address (who accept delivery on your behalf) and then they forward the parcel to you on the mainland?

    The cost of using such a service might be prohibitive and I'm not immediately aware of any based in NI. Might need a Google.

    I understand that it needs to be personally accompanied. 

  6. 23 minutes ago, dga00 said:

    https://www.silver-to-go.com/en/silver-coins/ark-noah/1-oz-noah-s-ark-silver-coin-2020/

    16.96 pounds or 19.43 euros

     

    Edit: Not to mention a lot of new coins in stock on this site.
    This morning they had 30 different coins in stock, now there are 40.
    So expect to see lower premiums in the near future. Hope spot stays where it is...

    Is that delivered price? Like I said, anything around £17/oz is a good deal at the moment.

  7. 11 minutes ago, FullMetalJacket said:

    Why you can't believe these are still available? What makes it a good deal?

    Before this lockdown and premiums going up, how low were premiums on items like this?

    Asking so I develop an idea what good/bad prices are and can jump on good deals and avoid the bad ones.

    Because they are pretty much the cheapest silver available from a reputable dealer (or anybody else for that matter) at this present point in time.

    Why worry about "before lockdown"? We are talking price and availability now. I understand what you are saying though, it's a psychological thing. Even if somebody offered me a sovereign at spot today, I couldn't bring myself to buy it and would rather somebody else had it. Why? Because a few years back I was buying sovereigns sub-£200 and I can't mentally overcome them being £340-350 now. They are a good price, no doubt, but I have a mental block.

    Anything around the £16-17/oz right now is a steal at current prices. 

    Not sure why I don't have the same mental block with silver. i have a screenshot on my phone of a monster box of maples when I was planning to buy a monster box. £5765 delivered for 500oz. That's £11.53 an ounce at my door. 

  8. 8 minutes ago, MikeG1978 said:

    I have one of these need to find a second one lover the tamperproof cases 

    Me too!!!

    I have just noticed they do other sizes too, this could get expensive. So far have seen 100g (as above), 1oz, 5g (unsure if in case), 50g, 20g, 1g, 500g.

    I really want one of each.

     

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