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Crito

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    United Kingdom

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  1. Like
    Crito reacted to SilverMike in 2022 Sovereign design revealed?   
    Depends what we deem a winner, but in terms of desirability and importance yes, 100% its going to be desirable and important forever more. Its a superb design and the first sovereign of a new monarch and we shouldn’t let the madness of release days distract us from the bigger picture.
    Its only in very recent years have any coins sold out in the first days / few hrs (since mid 2020) and that was due to the very weird and pumpy environment we were in. 1989, 2002, 2005, 2012, 2016 & 2017 and everything in between took days if not weeks (and probably months on the early ones). These will all be sold out soon enough if that is what some measure success by.
    In terms of mintages these (the 5 and 2 anyway) are low for proof coronation / first of a monarch sovereign sets if you look at anything from Edward VII 1902 proof set onwards. Regardless of what comes, this set is as important as any sovereign set that marked a new monarch and also rarer than most, with the odd exception (1953 for example). Arguably for Sovereign collectors, particularly type collectors this is the most significant and important release in 85yrs, since George VI.
    1902 5 coin proof set 8,000 ish sets
    1911 5 coin proof set - 2,800 ish sets
    1937 5 coin proof set - 5,001 sets
    1953 5 coin proof set - 3 or 4 sets
    2022 5 coin proof set (KCIII) - 1200 sets (less than 2000 2 Sovereigns in total)
    as something to think about, even the 1839 Una has reported mintage of 400 and I doubt that fully accounts for the extra’s struck in the years following 1839.
    i grade so I've picked up a few sets todays where I could, i’ll put a 5 coin 70 set together and then move the rest on, a  profit would be nice but not essential.
    These are superb and i think once im hand collectors will be very reluctant to let them go.
  2. Like
    Crito reacted to HerefordBullyun in How will silver help against CBDC’s   
    But CBDCS are progamable I posted this on the premium members sections but very noteworthy. 
    CBDCs are a system of control period
    https://rumble.com/vxc0th-this-is-what-central-bank-digital-currency-could-mean-to-our-freedom-maajid.html
    Joe Rogan Interview 
  3. Like
    Crito reacted to SidS in How will silver help against CBDC’s   
    I can't speak for all crypto but I know Bitcoin has fallen into a trap.
    Firstly, it was designed to be a medium of exchange that stores value over time, however, that's not how it's ended up being used.
    In part, the issues with Bitcoin may arise from its high use of power and the slow speed when being used in transactions. Which makes it less than ideal as a medium of exchange.
    So instead of being used for transactions, which never really took off, punters (and I use this term deliberately) have latched onto the 'store of value' - however the store of value isn't really in the sense of gold - 'stable' over long periods with little return, it's more 'greater fool theory' - I'll buy it now because it'll be worth more in the future. This doesn't make it a sound investment, more a gamble. A gamble on which a lot of money can be made for sure, but also where there's a great degree of risk too.
    Crypto has become the digital stock market.
  4. Like
    Crito got a reaction from Bigmarc in How will silver help against CBDC’s   
    It may make more sense if you split out the separate functions of money. In theory, money is 1) a medium of exchange, 2) a store of value, and 3) a unit of account (measure of value).
    At the moment, GBP (and other hard currencies) serve remarkably well as a medium of exchange and measure of value - prices are (despite increasing inflation) quite stable; if you have £100 in your wallet, you’d have a pretty good idea what it’s worth and what you can buy with it, at least over the next few weeks. Moreover, GBP may preserve value in the short to medium term, but evidently not in the longer term, over a few years or decades. To some extent this is by design, as the money supply in a modern economy fluctuates with requirements (economic activity) and central bankers target price stability over value preservation.
    Precious metals sit on the other side of that equation. They are not great as a medium of exchange, and there’s a degree of price volatility which make them difficult to use as a unit of account / measure of value. However, they tend to be good stores of value over long time periods.
    Now, as I see it, if governments were to impose a CBDC, it would simply replace GBP in the above equation. Accordingly, if you were to opt out of the CBDC system, you’d be without an effective medium of exchange, equivalent to if you were trying to survive without cash or bank cards today. But if you hold precious metals, or any other hard assets, you’d still be preserving wealth. And one way or another you should be able to convert these into some form of medium of exchange to obtain goods and services, whether that be via a different currency or through straight barter. The immediate benefit of holding precious metals in this scenario is that you hold this value without any counterparty risk; i.e., you are not reliant on the permission of financial institutions or governments to realise the value of your metals.
    My limited understanding of crypto is that it’s trying to be both a medium of exchange and a store of value at the same time. I’m not convinced this is possible in a modern economic system, but time will tell if it may end up as one or the other.
  5. Like
    Crito got a reaction from SidS in How will silver help against CBDC’s   
    It may make more sense if you split out the separate functions of money. In theory, money is 1) a medium of exchange, 2) a store of value, and 3) a unit of account (measure of value).
    At the moment, GBP (and other hard currencies) serve remarkably well as a medium of exchange and measure of value - prices are (despite increasing inflation) quite stable; if you have £100 in your wallet, you’d have a pretty good idea what it’s worth and what you can buy with it, at least over the next few weeks. Moreover, GBP may preserve value in the short to medium term, but evidently not in the longer term, over a few years or decades. To some extent this is by design, as the money supply in a modern economy fluctuates with requirements (economic activity) and central bankers target price stability over value preservation.
    Precious metals sit on the other side of that equation. They are not great as a medium of exchange, and there’s a degree of price volatility which make them difficult to use as a unit of account / measure of value. However, they tend to be good stores of value over long time periods.
    Now, as I see it, if governments were to impose a CBDC, it would simply replace GBP in the above equation. Accordingly, if you were to opt out of the CBDC system, you’d be without an effective medium of exchange, equivalent to if you were trying to survive without cash or bank cards today. But if you hold precious metals, or any other hard assets, you’d still be preserving wealth. And one way or another you should be able to convert these into some form of medium of exchange to obtain goods and services, whether that be via a different currency or through straight barter. The immediate benefit of holding precious metals in this scenario is that you hold this value without any counterparty risk; i.e., you are not reliant on the permission of financial institutions or governments to realise the value of your metals.
    My limited understanding of crypto is that it’s trying to be both a medium of exchange and a store of value at the same time. I’m not convinced this is possible in a modern economic system, but time will tell if it may end up as one or the other.
  6. Like
    Crito reacted to papi1980 in How will silver help against CBDC’s   
    Interesting topic and sharing my views:)
    I was born in a communist country and grew there as a kid until the Berlin Wall events happened. As you can imagine, totalitarian regimes have full control over the money supply and semi control over the money velocity (on what you spend on). Example: my father had to wait 5 years to buy a car, even that he had the money. The result is a rife black market which is very hard to be be controlled by the state. Example of barters I have seen: The car man will get you a car quicker if you help him refurbish his house.
    Usually when the state introduces the CBDC or whatever controlled fiat, they will also introduce Universal income (the idea being that you will have free bread, vegetable, consumer goods) for your basic needs, but if you want luxuries you will need to earn those paying with a form of a credit score(like in China today)
    That happened was also in the communist states in the past; to get a house you need to be a member of the communist party (otherwise you have to wait 20 years)
    Owing PM was punishable, I remember we were were scared to talk about gold, since we might get into trouble   , but both silver and gold were much valued and accepted as barter  
    Once CBDC and Universal income comes to the U.K. , all crypto will be decimated over night IMO. You will not be able to mine it anymore without authorities questioning you for the energy consumption or to exchange it (most exchanges will be shut). You might be able to spend it here and there, but majority of people who will barter something for you, will still prefer PM (no traceability of physical PM, nonperishable). Crypto could exist here and there but share of transactions will be much smaller in barter. 
    As with any fiat, the CBDC will die eventually and then the cycle will start again with PM coming very much back into the states financial system
    lets not forget also that both PM have also actual industrial usage…(even if you are living in a totalitarian state, the state will continue to use silver in electronics, dentistry, etc) 
    hope that was useful 
     
  7. Like
    Crito reacted to Aran in Today I Received.....   
    The 5 coin Sovereign set has landed. Thank you to @paulmerton for the early morning link on Monday! Great to be part of this wonderful TSF community.


  8. Haha
    Crito reacted to Simmoleon in 2022 Sovereign design revealed?   
    It’s when you look through the capsule and think is that a mark on the coin or dust on the capsule - I shouldn’t open the capsule because it’ll end in disaster, followed by 5 hours of indecision about if it’s dust or not. Then oh Ill be extra carefully and open the capsule just to be safe and check followed by a conservation form to NGC and sleepless nights waiting for NGC to remove the finger mark and additional dust.  
     
    or this could just be my approach to proofs 
  9. Haha
    Crito reacted to Connor in 2022 Sovereign design revealed?   
    In general, or in relation to the 2022 sovereign?😂
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