Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

JoncreteCungle

Member
  • Posts

    9
  • Joined

  • Last visited

  • Trading Feedback

    0%
  • Country

    United Kingdom

Reputation Activity

  1. Thanks
    JoncreteCungle reacted to BleyerBullion in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Good Morning All
    Thank you for your messages.  There was an issue with this product listing over the weekend which has now been resolved.  You will be very pleased to hear that any paid orders received during this time will be honoured 🙂
    Kindest regards
    Melissa
  2. Like
    JoncreteCungle got a reaction from Agaumac in 2008 Credit Crunch - Was gold easy to liquidate?   
    http://ferfal.blogspot.com/2015/06/what-to-do-with-goldsilver.html?m=1
    Link to the excellent Ferfal blog detailing what happened with pm during the Argentina collapse
  3. Like
    JoncreteCungle reacted to SilverStorm in 2008 Credit Crunch - Was gold easy to liquidate?   
    Thx for posting this, exactly what I wanted to know. 👍
  4. Thanks
    JoncreteCungle got a reaction from SilverStorm in 2008 Credit Crunch - Was gold easy to liquidate?   
    http://ferfal.blogspot.com/2015/06/what-to-do-with-goldsilver.html?m=1
    Link to the excellent Ferfal blog detailing what happened with pm during the Argentina collapse
  5. Thanks
    JoncreteCungle got a reaction from modofantasma in 2008 Credit Crunch - Was gold easy to liquidate?   
    http://ferfal.blogspot.com/2015/06/what-to-do-with-goldsilver.html?m=1
    Link to the excellent Ferfal blog detailing what happened with pm during the Argentina collapse
  6. Haha
    JoncreteCungle got a reaction from HerefordBullyun in 2008 Credit Crunch - Was gold easy to liquidate?   
    As far as I recall during the collapse of Argentina dealers / shops remained open and you could buy or sell on the black market in unofficial markets and with street corner dealers. The Ferfal blog if it still exists gives a rough guide to what might happen if TSHTF.
    I don't think fiat is in danger of running out given the rate it is being created at...
  7. Thanks
    JoncreteCungle reacted to LawrenceChard in 2008 Credit Crunch - Was gold easy to liquidate?   
    During the Credit Crisis, physical gold was in short supply, very similar to the situation during Covid, so yes it was easy to liquidate.
  8. Like
    JoncreteCungle reacted to Arganto in Harrington & Byrne 2022 bullion sovereign offer   
    I emailed them as well as sending a letter. I actually asked them about how they treat data with regards third parties but still no response as of yet. The issue I have with the promo post (as many others do) isn't so much with the bombardment itself but with the fact that their branding is emblazoned on the envelopes. Even though I store my stuff elsewhere I still don't want to advertise the fact that I buy the odd bit of shiny...
  9. Like
    JoncreteCungle reacted to silversky in Interest Rate Rise in UK - Impact on Precious Metals?   
    I'm not so sure that the old argument that 'rate rises are bad for PM's because investors can find a better yield on Bonds' is valid anymore.
    Higher rates because central banks have printed and lent their nations into an inflationary nightmare, might not find many investors still seeking a paltry yield over safety...  Gold is of course the ultimate bond.  Natures bond.  It has zero risk of contagion, no expiry date, but no yield.  In a world where western nations are well over 100% debt/gdp ratios, who really wants to lend their life's savings to a government, who might suddenly default.  It's no longer a crazy idea that a "stable" western nation could default within a few months.  In fact it's almost certain that default will have to happen at some point.
    If governments dare to chase inflation, their debt repayments will exceed what their taxpayers can be fleeced.  So in the meantime, it's the man with no assets who's being fleeced as his salary goes backwards. It's an untenable situation and eventually it'll have to give.  Probably another 3-4 years of cope left in the system before an everything meltdown.
    Real interest rates are negative, and they have to remain that way if profligate western governments are to survive.  There is just no way that they can be raised by the required amount to put a lid on inflation, and everyone knows it.  
  10. Like
    JoncreteCungle got a reaction from Gruff in Interest Rate Rise in UK - Impact on Precious Metals?   
    The big Chinese property developers still look in big, big trouble. $13.2 billion of claims have been filed in Chinese courts by Chinese companies owed money by Evergrande alone. Add to that the other big developers in trouble and all the international bond holders who will likely take a severe hair cut or get nothing back if/when the plates all stop spinning.
    What will the global reaction be? I can’t see any response by the Fed, BoE etc other than reverse the small rate rises and slam the money printers back into full speed ahead. 
  11. Like
    JoncreteCungle reacted to HerefordBullyun in Interest Rate Rise in UK - Impact on Precious Metals?   
    The issue is the deriratives markets and bond markets are toxic, the evergrande is scratching the surface that lies beneath. Its a massive poweder keg underneath, We are in an everthying bubble now, tech, stocks housing the full thing now. When the 2008 crash happened it was the housing market and before the 2000 dot com crash also, we have had the small pandemic crash back in march 2020. None of it has been fixed, None of it-  you can fix stupid by printing more money, its  a temporary supressent, inflation has been enacted by all the printing and now it catches up, the Boe are only doing interest rises to stop people spending money, but the money is awash in the system like its going out fashion.  
  12. Like
    JoncreteCungle got a reaction from silversky in Interest Rate Rise in UK - Impact on Precious Metals?   
    Shadow stats calculate the current rate of inflation in the USA (using the methodology that was used in 1990 to calculate inflation) to be 10.5%. They also use the methodology used in 1980 to calculate inflation and that gives the figure of 15% for 2021.
     
    http://www.shadowstats.com/alternate_data/inflation-charts
    If the same exercise was applied to the UK numbers I suspect the result would be similar. 
  13. Like
    JoncreteCungle got a reaction from silversky in Interest Rate Rise in UK - Impact on Precious Metals?   
    Stocked up on the pasta we use in September, went back yesterday to restock and the same pasta in the same shop has gone up 20% in the meantime. Gas, electricity, diesel etc all up markedly. A poxy rate rise will make no difference to the inflation, money printing, overspending or debt levels imho. 
     
    I don’t think such a small rise will do anything to tackle inflation or hammer precious metals price downwards. They talk the talk about inflation and rate rises, but I doubt they will walk the walk, remember it’s still transitory….   
  14. Like
    JoncreteCungle got a reaction from HerefordBullyun in Interest Rate Rise in UK - Impact on Precious Metals?   
    Shadow stats calculate the current rate of inflation in the USA (using the methodology that was used in 1990 to calculate inflation) to be 10.5%. They also use the methodology used in 1980 to calculate inflation and that gives the figure of 15% for 2021.
     
    http://www.shadowstats.com/alternate_data/inflation-charts
    If the same exercise was applied to the UK numbers I suspect the result would be similar. 
  15. Like
    JoncreteCungle got a reaction from Rll1288 in Interest Rate Rise in UK - Impact on Precious Metals?   
    Shadow stats calculate the current rate of inflation in the USA (using the methodology that was used in 1990 to calculate inflation) to be 10.5%. They also use the methodology used in 1980 to calculate inflation and that gives the figure of 15% for 2021.
     
    http://www.shadowstats.com/alternate_data/inflation-charts
    If the same exercise was applied to the UK numbers I suspect the result would be similar. 
  16. Like
    JoncreteCungle got a reaction from jultorsk in Interest Rate Rise in UK - Impact on Precious Metals?   
    Shadow stats calculate the current rate of inflation in the USA (using the methodology that was used in 1990 to calculate inflation) to be 10.5%. They also use the methodology used in 1980 to calculate inflation and that gives the figure of 15% for 2021.
     
    http://www.shadowstats.com/alternate_data/inflation-charts
    If the same exercise was applied to the UK numbers I suspect the result would be similar. 
  17. Like
    JoncreteCungle got a reaction from Gruff in Interest Rate Rise in UK - Impact on Precious Metals?   
    Shadow stats calculate the current rate of inflation in the USA (using the methodology that was used in 1990 to calculate inflation) to be 10.5%. They also use the methodology used in 1980 to calculate inflation and that gives the figure of 15% for 2021.
     
    http://www.shadowstats.com/alternate_data/inflation-charts
    If the same exercise was applied to the UK numbers I suspect the result would be similar. 
  18. Like
    JoncreteCungle reacted to Rll1288 in Interest Rate Rise in UK - Impact on Precious Metals?   
    Plus My wife looks at the packaging... some goods are around 10/15% less then they were a year ago with prices going up. Inflation should be based on the goods and its weight not just its packaging
  19. Like
    JoncreteCungle got a reaction from Gruff in Interest Rate Rise in UK - Impact on Precious Metals?   
    Stocked up on the pasta we use in September, went back yesterday to restock and the same pasta in the same shop has gone up 20% in the meantime. Gas, electricity, diesel etc all up markedly. A poxy rate rise will make no difference to the inflation, money printing, overspending or debt levels imho. 
     
    I don’t think such a small rise will do anything to tackle inflation or hammer precious metals price downwards. They talk the talk about inflation and rate rises, but I doubt they will walk the walk, remember it’s still transitory….   
  20. Thanks
    JoncreteCungle reacted to Darr3nG in Harrington & Byrne 2022 bullion sovereign offer   
    Only ever got one phone call, very polite and accepted that I was (and always will be) only interested in their cheapest bullion... keep up the good work  
    Don't really mind the excessive mail, fancy paper makes for great kindling in my wood burner.
  21. Like
    JoncreteCungle got a reaction from Foster88 in Why would anyone sell their silver to a dealer at spot when you can sell on 2nd hand market for basically double?   
    Sometimes circumstances dictate you have to take the hit and sell to a dealer. When I cashed out my silver & gold years ago to buy my home, I was able to sell a small amount privately for a good price. I couldn’t wait for weeks / months to sell it all this way or the property would have sold to someone else.
    The discount I managed to obtain on the house (from sellers original asking price down to what I paid them) was greater than the amount selling the bulk of my pm to a dealer v private sales cost me. 
     
    I wish I could have kept my pm and bought the house, but the opportunity was too good, time and cash in short supply, so I had to bite the bullet. I have started to rebuild my position in gold and silver recently. 
  22. Like
    JoncreteCungle got a reaction from stefffana in Why would anyone sell their silver to a dealer at spot when you can sell on 2nd hand market for basically double?   
    Sometimes circumstances dictate you have to take the hit and sell to a dealer. When I cashed out my silver & gold years ago to buy my home, I was able to sell a small amount privately for a good price. I couldn’t wait for weeks / months to sell it all this way or the property would have sold to someone else.
    The discount I managed to obtain on the house (from sellers original asking price down to what I paid them) was greater than the amount selling the bulk of my pm to a dealer v private sales cost me. 
     
    I wish I could have kept my pm and bought the house, but the opportunity was too good, time and cash in short supply, so I had to bite the bullet. I have started to rebuild my position in gold and silver recently. 
  23. Like
    JoncreteCungle got a reaction from James32 in Why would anyone sell their silver to a dealer at spot when you can sell on 2nd hand market for basically double?   
    Sometimes circumstances dictate you have to take the hit and sell to a dealer. When I cashed out my silver & gold years ago to buy my home, I was able to sell a small amount privately for a good price. I couldn’t wait for weeks / months to sell it all this way or the property would have sold to someone else.
    The discount I managed to obtain on the house (from sellers original asking price down to what I paid them) was greater than the amount selling the bulk of my pm to a dealer v private sales cost me. 
     
    I wish I could have kept my pm and bought the house, but the opportunity was too good, time and cash in short supply, so I had to bite the bullet. I have started to rebuild my position in gold and silver recently. 
  24. Like
    JoncreteCungle reacted to modofantasma in How Many of Us Knew That VAT Used To Be Charged on Gold ?   
    Can only imagine the news reports on that if it came for discussion.... 
    Rich people who can afford to splurge on the luxurious metals of Kings wanting a reduction of the vat on their precious metals like solid silver coins and bars whilst xxx% of people can't even afford basic amenities.
    We spoke to one reader who is struggling to even buy their newborn the latest £3k smartphone despite working part time in a shop and only eating out 6 nights a week "they're greedy pigs" "how dare they" 
    🤣🙄
  25. Like
    JoncreteCungle reacted to sovereignsteve in Devon & Cornwall Police Forced To Pay The Price For Coin Fiasco   
    The police wasted their own time. They should quickly have realised they were in the wrong instead of being pig-headed and wasting tax payers money. This is an increasing tendency of the police to act in this way, they seem to think they are unaccountable.
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use