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ArgentSmith
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Everything posted by ArgentSmith
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Good of them to supply in a protective coin slip, or did you carefully place it in one?
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SILVER DEALS - (UK & Europe) See a deal, post it here
ArgentSmith replied to ChrisSilver's topic in Silver
ignore... it's sold sorry -
My 2 ounce also came today, quite a high number but glad to have secured the series. Can confirm if the capsule closes all the way it's not genuine RM 🤪
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SILVER DEALS - (UK & Europe) See a deal, post it here
ArgentSmith replied to ChrisSilver's topic in Silver
Are there any silver bars at spot? lol -
SILVER DEALS - (UK & Europe) See a deal, post it here
ArgentSmith replied to ChrisSilver's topic in Silver
Assuming the 30% loss is the dealers premium and VAT. You buy a 100oz bar for £2200, it doubles in 5-10 years so now £4400 to buy from dealer. You sell to dealer -30% = £3080 = 40% profit in nominal terms. Meanwhile everything else has doubled in price 🤨 -
Maybe it will snap back? but if we continue to print money whilst destroying economic output shortages will lead to ever higher prices. The Soviets tried all this before and it failed.
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20%
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Agreed... but in the case of buying and selling silver using a dealer the convenience will cost you about 40% of your capital. Pretty much making the whole exercise pointless. If you are playing about with single coins here and there yes what a pain in the arse, but there's nothing to stop you selling a monster box or two privately.
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A neighbour of mine sold her Merc to a dealer for 6k more than she paid for it from a dealer about 9-12 months ago. She would have done even better privately. I can't think of a better example of stagflation TBH.
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I think I will complain thanks. I'll let you know how I get on.
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Just has mine delivered from BBP and it has lots of little scratches on the incuse around the beasts, strange place to pick up scratches. I realise this is a bullion coin but with the premium and size I expected a lot better TBH.
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Just a bit of fun, but how’s this for a collection of silver!!
ArgentSmith replied to Foster88's topic in Silver
Thomas Ismay White Star LINE? -
Selling Silver at spot is like selling a used motor to webuyanycar.com
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Did anyone else participate bid in this auction? It was an absolute calamity.
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Two points, 1. I'm pretty sure Atkinson's wouldn't be a big fan of this post anyway. 2. I for one would have more respect if you did post "everything you know" providing it was factual, better than posting innuendo imo
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As if Brett wouldn't use them at Tesco 🤪
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https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/
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Very theoretical, but yes I agree it would be "possible" to use PMs to trade in a World without electricity and Internet. However it is also "possible" to use Bitcoin with transactions broadcast via satellites, of course with solar panels and generators etc there are plenty of off grid sources of electricity. So I would argue it is also theoretically possible to use Bitcoin in such a doomsday scenario. 🤓
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You might want to take some off the table, 3 Bitcoin = 133grand
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Fiat is better?, not the answer I was looking for
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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.
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It doesn't matter until it matters, the US Gold Confiscation US was in force between 1933-1974. Governments have a diabolical record when it comes to abuse of data, the less they know about you the better imo.
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Can anyone name one advantage Gold has over Bitcoin, with regard to it's function as money. Not jewellery making.
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The market cap of Gold is about 10x more than the market cap of BTC. So it's very cheap assuming BTC continues to replace Gold as a store of value/settlement layer. The discount is prob more like 88%-90% but above ground Gold can't be accurately audited and neither can below ground Gold. 100% sure
