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.

Maxx546

Member
  • Posts

    62
  • Joined

  • Last visited

  • Trading Feedback

    0%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    Maxx546 reacted to dicker in Binlord of the week on ebay   
    It is absolutely not a die number.  
    Die numbers were first introduced for Half Sovs in 1863. None present before that date.  
    Note: At some point I will share my work on half Sovs which provides a much clearer view of Die numbers than Marsh.
  2. Haha
    Maxx546 reacted to SiCole in Binlord of the week on ebay   
    Amazing - simply amazing!
  3. Like
    Maxx546 reacted to GoldDiggerDave in GOLD DEALS - (UK & Europe) See a deal, post it here   
    The 2022 proof memorial sovereign is a 1989 proof sovereign in waiting.   Released in similar economic times, a stunning design if not the most attractive special reverse year sovereign of all-time, and to top it of the first in the series of KCIII sovereigns.  
     
     
     
     
  4. Like
    Maxx546 reacted to Stuntman in Memorial Five Sovereign B.U.   
    I bought one of these coins directly from the RM on issue.
    Personally I don't think it will be a particularly good investment, compared to say the Platinum Jubilee BU 5 sovereign coin for example.  But it's an impressive coin with a special reverse and is always likely to hold some appeal to collectors.
    I'm pleased to own the coin, but wouldn't buy it purely for investment.  The same money buys about seven bullion sovereigns, which are likely to be better investments, but not as visually impressive.  The BU quintuple would also be harder to sell than the bullion sovereigns, and of course you are selling the entire investment/coin in one go, rather then potentially selling the bullion sovereigns in stages.
    Gratuitous photos:


  5. Like
    Maxx546 reacted to BullionBuyerUK in GOLD DEALS - (UK & Europe) See a deal, post it here   
    I would say equally just as good a deal
    https://britanniacoincompany.com/buy-coins/coin-sets/2022-memorial-5-sovereign-set/
     

  6. Like
    Maxx546 reacted to paulmerton in GOLD DEALS - (UK & Europe) See a deal, post it here   
    How are these still in stock? 🤯
    They're nearly 22% below the original RM price now - or is even that still too expensive for these?
    https://www.bullionbypost.co.uk/proof-sets/five-coin-sovereign-sets/coronation-sovereign-2023-five-coin-proof-set/

  7. Haha
    Maxx546 reacted to Midasfrog in Gold Monitoring Thread £ GBP only   
    High street banks are all closed just toss a brick at the window that will teach them 😆

  8. Like
    Maxx546 reacted to silversky in Gold Monitoring Thread £ GBP only   
    And here's a good breakdown of the UK inflation numbers, and why they're such a scam.  I guess it'll all feed through to gold eventually through loss of GBP purchasing power.
     
  9. Like
    Maxx546 reacted to theman73 in Gold Monitoring Thread £ GBP only   
    Better understanding from pictures?
     
     
     
     



  10. Like
    Maxx546 reacted to Paul in Gold Monitoring Thread £ GBP only   
  11. Like
    Maxx546 reacted to Spyder in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Here is a deal for a whale. 44 Coins out of 60 are Proof Sovereigns
    https://atkinsonsbullion.com/gold/gold-coins/gold-sovereign-coins/pre-owned-uk-queen-elizabeth-ii-full-sovereign-60-gold-coin-collection
  12. Like
    Maxx546 reacted to Paul in Gold Monitoring Thread £ GBP only   
    Don't underestimate a false flag event being orchestrated in a developed western  city, to drag westerns nation's into this while blaming it on Hamas with their peashooters Vs thermo nuclear weapons
    The elite love war, it's good for business, good for share prices of military industrial complex, good to get more for votes, good to masking national debts/borrowing, move the narrative along the next steps of geopolitic roadmap towards world government 
     
  13. Like
    Maxx546 reacted to Gruff in Gold Monitoring Thread £ GBP only   
  14. Like
    Maxx546 reacted to HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    I watched all of this with the F1 on in the background. A most excellent podcast and I agree with 99% of what he said. Can I direct you to this timestamp (20-21 mins)?
    He's discussing what we were discussing the other day about true inflation and what Fed rates are going to do. Mr. Lepard is of the opinion they will raise rates again due party to how much they have manipulated official inflation figures
    Most people won't watch a 1 hour podcast but if you watch the 1 minute above and the 2 mins 30 seconds below, you will hear some things it's essential to know about (24mins - 26:30):
    And to do a TL:DR on the rest of it:
    Commercial real estate/regional banks in the US in big trouble Inflation will be sticky for years to come - Ford/GM gave 25% pay rise over 4 years which is more reflective of true inflation. Wage increases are STICKY meaning no matter what happens in future, those wage increases won't be rolled back. Stuff like this hardwires future inflation. The BoE was slaughtered for warning employers not to give pay rises for the reason that it's sticky and increases expectations of future inflation, which is a bit of a doom loop. Of course the BoE can GFIS as people need those wage bumps to survive SVB I disagree with but agree with what he said about Dodd-Frank - Those depositors at SVB, First Republic, etc (>$250K FDIC limit) should have taken a haircut but they didn't - implied government guarantee on all deposits, which would necessitate QE to cover the depositors as the FDIC is woefully undercapitalised  Currency has to collapse or the economy has to collapse (USD vs Bonds trade-off, Jerome Powell is attempting to protect the dollar, hence DXY strength of late) Gold sniffing out the future - it's highly surprising that gold has boomed while rates have risen. I've mentioned this several times, gold and silver are not acting as they should (gold in particular should have been slaughtered by rate hikes, instead it set new ATHs). This implies there will be an astounding boom in gold when they cut rates/engage QE. Gold in every major currency except USD has recently set new ATHs, the USD ATH must surely be just around the corner When we take $2100 with authority gold is going to rocket to $2300, $2500, $3000. I've said this several times too and I fear being left behind. If we're not already in the game when the beat starts to go crazy, we'll never be able to catch up. There were record Q3 central bank gold purchases, Lepard predicts a new record buying spree in 2024, 2022 was a record, 2023 still well above average but less than 2022. Chasing performance, new ATH will be a signal to everyone to buy, they will be forced into the market and this will cause the previously discussed unstoppable upwards spiral in gold prices Gold better than stocks. Gold has outperformed the S&P this year, which is anomalous but has to be taken in context. The S&P (+10.78% compound) has been on fire for the last 10 years while gold is actually a compound loser in real terms vs inflation in the previous decade (-0.53% compound)  Lepard wishes to abolish income tax, go to a VAT model excluding food. Nice idea and better than the status quo (taxes consumption of the rich) but I have a different take. When the market crashes we must as a nation BTFD via central government action - we need to own BP, Shell, Marks & Spencer, BAE Systems, utility companies (water, telecomms, etc), FAANG+ UK subsidiaries, etc. The Treasury/BoE would buy it on our behalf but the shares would NOT be owned by government, they would be owned by each of us as sovereign citizens. We would have shareholder voting rights the same as any other shareholder A monetary reset (Currency revaluation) could see gold at $25000-$80000/ounce - Rafi Faber has a similar take. I'm particularly interested in Faber's take on silver, which he sees as an intermediary when the currency revaluation happens - i.e. gold will be far too expensive for the regular person so it will be silver that sees most of the retail action. Faber predicts a house could temporarily be bought for 75 ounces of silver (with the gold:silver ratio going back to the historical 1:15 and gold exploding in price) Gold is silly cheap and so are silver, copper, oil, lithium, cobalt, battery metals, ESG resources (solar, EVs, etc) Start WWIII in lieu of a great reset/currency valuation (YES, this is very much on the cards and this is precisely what happened after the Great Depression - the propagation of the GD (1929-1941) wasn't halted until the USA joined WWII in December 1941) FAFO (self-explanatory but if governments/central banks stay on the current trajectory, they are going to find out the consequences - WWIII) US gov seizing $600 billion from Russia - really stupid move - I agree 100%. It threatened the sanctity of bank reserves and deposits, like the EU did with Greece (bail-ins). Should have never happened. Weaponization of USD/euro, forces countries to seek alternatives for national security/economic security. The euro-dollar is OUR system, not Russia or China's. It was so incredibly short-sighted and stupid to cut them out of our system as it weakened the EU, UK, USA and Japan, it did not ultimately weaken Russia or China The stock market is an accident waiting to happen - trading at peak PE multiples (S&P currently 23, historical mean 14), employees squeezed, give me a raise. Sticky inflation. Agree 100%, a correction of 30-50% is almost inevitable at this point (mean reversion from PE of 23-14), perhaps 80% is on the cards in the near future.   Gold and silver mining stocks potentially a great opportunity BBGDM (Bayesian Bootstrap Generalised Dissimilarity Modelling) never been worse. Bloomberg 5 year average future estimate for gold = $1750/oz. AISC (All-in Sustainability Cost), which I've been banging on about since my very first post on TSF. A few years ago AISC average for gold miners was $1000/oz, gold was $1600-1800. Cost of finance/inflation/ESG, the AISC has gone up a lot. Now AISC is $1300-1700 on gold, margins squeezed, unsustainable, AISC going up 10-15% annually. That's why gold stocks are being hammered. I'd actually argue AISC is going up even faster than 10-15%, in some areas it's double that (e.g. Turkey, Mexico, other high inflation major producers) Lepard loves silver more than gold. My ninja! Dual-purpose, solar, EVs, etc. The solar market currently consumes around 15% of total silver production but may increase to 50%. I've touched on this before about the decades long suppression of silver prices which have led to a dearth in investments in silver mines - no new mines, no new technologies, etc. It will take many years to recover production. Lepard predicts silver will go to $50 in 18 months and gold to $3000. He also predicts gold to $5K, silver to $200 although this is over a much longer timescale  
    SORRY FOR ANOTHER TL:DR - Just keep stacking both gold and silver
  15. Like
    Maxx546 reacted to iggypop in Gold Monitoring Thread £ GBP only   
    Some impressive sovereign stacks, this is my  first sovereign 18th birthday present. Very  rarely off my finger now in my 50s (30 years + of wear and tear)
    if it was removed from its ring band it’s probably what may be classed as a dog coin? 
    however it’s priceless to me 👌


  16. Like
    Maxx546 reacted to HerefordBullyun in Gold Monitoring Thread £ GBP only   
    Ive said before and I will say it again. Liquidity crisis will come. Watching Janet Yellen makes me think she should be in a OAPs home, like some of these vulture dinosaurs in congress, half of them are incoherent and cant even string a sentence together. At Least we have coherent buffoons in UK even though they are kings of cronyism as is congress. The vultures.....
  17. Like
    Maxx546 reacted to Gruff in Gold Monitoring Thread £ GBP only   
    This is coming.... get your FIAT out of the banks! 
     
     
  18. Like
    Maxx546 reacted to Gruff in Gold Monitoring Thread £ GBP only   
    I think the US and it's claimed munitions caches are all bluff and bluster. They've spunked loads to The Ukraine and other places, if they want to go in guns blazing, they would have only a handful of weeks and then be completely out. So they'd need to be targeted and accurate and we know that they aren't. But probably more suited to another thread.
  19. Haha
    Maxx546 reacted to katyc in Gold Monitoring Thread £ GBP only   
    And that's just Bully breaking wind....
    Back to gold gone down a bit today....
  20. Like
    Maxx546 reacted to SidS in Gold Monitoring Thread £ GBP only   
    That's also the beauty of gold.
    If you'd held the $4 in cash, the revaluation would mean that it has become $0.04 in new dollars. However the $4 old in gold (inflated away to $400 and then devalued) would still equal $4 in new dollars, preserving purchasing power.
  21. Like
    Maxx546 reacted to LemmyMcGregor in Gold Monitoring Thread £ GBP only   
    And by the way, to understand QE and inflation is to understand gold.
    Originally the Sovereign was The Pound, as the nominal face value of a gold sovereign is still £1, yet, while a single sovereign is still nominally a pound, it now takes £400 pounds to buy one.
    Here is a chart of UK's inflation in the past centuries.

    No inflation for over a century, at the end of WWI we have a spike, why is that? Because silver in the coinage was reduced from .925 to .500, that's near a 100% inflation spike. Then we have WWII and it spirals out of control, what happened? The gold standard had already been dropped but gold and silver money was still keeping the currency bound, silver is now removed from coinage and .500 coins turn to nickel, paper becomes the standard and keynesian (Socialist) economy becomes the norm, inflations goes up with gold prices.
    As long as we keep following these policies, gold will go up, because this is the nature of FIAT money, to become worthless. Gold cant go back to $400/oz because it just can't.
    In the short term is a different story, speculation and events can change and I love reading this thread, so much useful information, but in the long term, up is the way.
    It's how central banks buy gold with our money, they print worthless paper, in that moment they have created inflation, it's not immediately visible as it will take months for prices to raise and catch up, but in that moment that inflated currency can buy at old prices, we then pay when our savings drop to zero. Because this is what is often misunderstood, inflation is created at the moment they print and it manifests afterwards, but that manifestation is not the cause, is the effect. If you want to know the real inflation value, take the total sum of our existing currency and see how much they have printed in the last 12 month, that is the real inflationary rate.
    TL; DR
    TO DA MOON!

  22. Like
    Maxx546 reacted to SlowFrog in Gold Monitoring Thread £ GBP only   
    2030 seems to be a key target for their stated agenda. I'm guessing the proverbial **** will hit the fan before that point if they're to be successful in a fundamental change to our society. I guess it all depends on how much resistance they meet.
  23. Like
    Maxx546 reacted to GoldDiggerDave in Gold Monitoring Thread £ GBP only   
    Thanks for your commentary on the gold feed it's a good read. 
     
    It's interesting to watch videos about people talking about banking, pm's QE and QT from 2-3 years ago and see where we are today in 2023.    The QE event  caused  massive inflation like anyone with half a brain could see.   QT (Quantitive Tightening)  is the opposite side of scale where they reduce liquidity where we are heading now.....or supposed to be.
    If one side of the seesaw is  QE with  low rates the other is QT with  higher interest rates, so what will the next 3 years look like?  Theres a real possibility of us seeing 8,9-10% interest rates it might not.  Either way theres no stopping this train now it's either more QE with more inflation and or reduced liquidity and higher interest rates.   
     
     
     
     
     
     
     
     
  24. Like
    Maxx546 reacted to HerefordBullyun in Gold Monitoring Thread £ GBP only   
    Ok I will give you my reasoning why interest rates cant go to da moon. To give context in  1980 when the interest rates was at raised massive 20% by Paul Volcker the Feds Debt balance sheet was 914 billion less than 1 Trillion. He had the room to maneuverer to go that high. Now we are compounding interest 5.25% at a debt balance sheet 33.86 Trillion. Currently adding 1 trillion every three months. Also this doesnt take into account the liabilities the federal reserve has. i.e if the money the fed also issued lent out they have to be paid back by the taxpayer also at interest. 
    The fed could not even raise rates to over 7% with its USA debt.  Powell is already on the cusp of breaking the economy at the current base rate of 5.25%.
    You are going to see one of the biggest financial liquidity crises ever since the great depression in the 1930's and also this next crisis is going to be exactly like the great depression. The federal reserve had more levers to use back in Volckers day. JayPo doesnt - he has raise / lower rates, turn on or off the printers, except the printers havent stopped, but before that was at the pre pandemic 10 years with 0.25 interest rate. Now the game has changed becuase that cheap money has been printed, its caused massive liquidity in the system, which creates inflation. Inflation is creation of en masse Quantative easing.  
    Albert Einstein famously said those who do understand compound interest make money from it and those who do not pay for it, i,e debtors like every taxpayer in the US is a debtor, and a slave to the balance sheet of the US government and the Fed. The Fed isnt federal and it has no reserves, just lots of liabilities.  Powell will be the governments fall guy, regional banks have failed x 2 already. 
    Since the 2008 financial crisis the frank dodds act was signed that  banks cannot be bailed out, but they will be bailed IN - instead. But its not really any different but bigger banks take them on their balance sheet they get all thier assets on the cheap and the liabilities are paid for by the tax payer. The only winners are the banks and the taxpayer gets shafted further.....
  25. Like
    Maxx546 reacted to SlowFrog in Gold Monitoring Thread £ GBP only   
    I don't think they'll pivot at all. I reckon the only thing going to da moon are the interest rates, until huge numbers can't afford their mortgage (death pledge) and every last drop has been squeezed out of the majority through intentional inflation, followed by an economic collapse and civil unrest. I've always been a positive, glass half-full sort of chap so I do apologise if my outlook is a touch negative! They're slowly boiling the frogs.
×
×
  • 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