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theman73

Business - Platinum
  • Posts

    5,129
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  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    theman73 got a reaction from boshan in 2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins   
    2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins 
    £56 each plus postage
    BT PPFF


  2. Like
    theman73 got a reaction from Tn21 in 2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins   
    2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins 
    £56 each plus postage
    BT PPFF


  3. Like
    theman73 got a reaction from NeutronJack in 1 oz Britannia KCIII Silver Coins   
    1 oz Britannia King Charles III Silver Coin 2024 £26 each plus postage
    Tubes available
    BT PPFF

     
  4. Haha
    theman73 got a reaction from Happypanda88 in Gold Monitoring Thread £ GBP only   
    You are very very wrong but I won't try to explain why.
  5. Like
    theman73 got a reaction from gji25 in 2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins   
    2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins 
    £56 each plus postage
    BT PPFF


  6. Haha
    theman73 got a reaction from Roy in Gold Monitoring Thread £ GBP only   
    You are very very wrong but I won't try to explain why.
  7. Like
    theman73 got a reaction from Tn21 in 1 oz Britannia KCIII Silver Coins   
    1 oz Britannia King Charles III Silver Coin 2024 £26 each plus postage
    Tubes available
    BT PPFF

     
  8. Like
    theman73 got a reaction from AL80 in 2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins   
    2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins 
    £56 each plus postage
    BT PPFF


  9. Like
    theman73 got a reaction from neilthenurse in 1 oz Britannia KCIII Silver Coins   
    1 oz Britannia King Charles III Silver Coin 2024 £26 each plus postage
    Tubes available
    BT PPFF

     
  10. Like
    theman73 got a reaction from WolfStacker in 2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins   
    2oz Tudor Beasts The Bull of Clarence and Unicorn Silver Coins 
    £56 each plus postage
    BT PPFF


  11. Haha
    theman73 got a reaction from ArgentSmith in Gold Monitoring Thread £ GBP only   
    Sorry mate, I bought yesterday my first digital 1oz gold soooo the price will drop 
  12. Like
    theman73 got a reaction from Silverman2U in 15 2024 1oz silver brits   
    A bit too optimistic.
    I have them at £26.50 each plus postage.
  13. Like
    theman73 got a reaction from Roy in Gold Monitoring Thread £ GBP only   
  14. Haha
    theman73 got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    Sorry mate, I bought yesterday my first digital 1oz gold soooo the price will drop 
  15. Super Like
    theman73 got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
  16. Haha
    theman73 got a reaction from Gruff in Gold Monitoring Thread £ GBP only   
    Sorry mate, I bought yesterday my first digital 1oz gold soooo the price will drop 
  17. Haha
    theman73 got a reaction from stefffana in Gold Monitoring Thread £ GBP only   
    Sorry mate, I bought yesterday my first digital 1oz gold soooo the price will drop 
  18. Haha
    theman73 got a reaction from bobski in Gold Monitoring Thread £ GBP only   
    Sorry mate, I bought yesterday my first digital 1oz gold soooo the price will drop 
  19. Like
    theman73 got a reaction from Thelonerangershorse in 1 oz The Valiant 2019 silver coins in original plastic capsules   
    1 oz The Valiant 2019 silver coins in original plastic capsules
    £28 each plus postage
    BT PPFF


  20. Haha
    theman73 got a reaction from James32 in Gold Monitoring Thread £ GBP only   
    Maybe is the right time to do it.
  21. Super Like
    theman73 got a reaction from Stuh in China Panda 2024 £25.50 each plus postage   
    China Panda 2024 £25.50 each plus postage
    BT PPFF

     
  22. Super Like
    theman73 reacted to HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    Sure, but what about the video you posted? Does it say to buy or sell?
  23. Super Like
    theman73 reacted to HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    Banking crisis? If you're a small or mid-sized bank with exposure to commercial real estate then you're bread getting closer to the grill. The small banks are technically insolvent without the BTFP (Bank Term Funding Program). If uncle Feddy and auntie Treasury decide not to give any Christmas presents this year then things could get really interesting
     

     
    The largest outflows from US banks since 9/11 - the money has been dropped in gold, stocks and crypto:
     

     
    Rates at 5.25-5.5% has the same effect as uncle Feddy giving his nephew a haircut at the kitchen table. Results will vary depending on hairstyle. If the nephew was smart enough to shave their head (hedge effectively) then uncle Feddy can't mess up their look. If the nephew has long, flowing multi-coloured locks and practices identity politics, like SVB, then uncle Feddy is going to make sure they have a bad year
     

     
    This doesn't just apply to the US or to commercial banks. It applies equally to the UK/EU and to the Bank of England. They have a similar warehouse of bonds whose open market value declines the higher rates become. It's fine for the BoE as George Osborne agreed at the time (this mess started in 2008/9) that the taxpayer would pick up the bill if the BoE made losses when selling bonds. So the BoE has been selling bonds and we have been picking up the tab. The BoE and the US banks could and should hold their bonds to maturity to minimise their losses. A commercial bank may come under pressure from shareholders or lenders but the BoE has no such concerns:
    Taxpayers brace for £100bn money-printing bill – as George Osborne says it’s ‘not my responsibility’ (msn.com)
    We've been in a banking crisis since the central banks hiked rates and the central planners have been doing their best to paper over the cracks. It's not all bad when rates are high, some other important market participants will benefit including larger banks who aren't exposed to commercial real estate, but also pensioners on defined contributions:
    Interest rates and pensions: good news and bad (ft.com)
    Jamie Dimon claims we need to hike rates potentially as high as 8% to properly tame inflation.
    https://www.bbc.co.uk/news/business-68769561
    So, the Fed and BoE are between a rock and a hard place. If they don't cut then the banking system is at risk, a number of smaller banks will fail and any mid or large bank exposed to commercial debt or who didn't effectively hedge, is also at risk of going under. If a few small and a couple of larger banks go under that might cause a cascading domino effect like in 2008 but this is very unlikely. More likely JPM and friends will get a blank cheque, regulatory waivers and buy everything at fire sale prices to further entrench their monopolies. Higher rates also make government borrowing eye wateringly expensive relative to the recent past.
    On the other hand if the Fed and BoE cut prematurely then inflation is going to roar back and eat everything alive, which ultimately will cause a severe bout of stagflation and hollow out the economy. 
    ECB’s Kazimir: Premature Rate Cut Worse Than Holding Too Long - Bloomberg
    Cutting interest rates too soon would be much worse than leaving them where they are for too long, according to European Central Bank Governing Council member Peter Kazimir
    Bank of England policymaker warns against cutting rates too soon (ft.com)

    “After several years of above-target inflation rates and given the threat of persistent inflation dynamics becoming embedded in expectations, in my view there are greater risks associated with easing too early should inflation persist rather than easing too late should inflation abate,” Pill said.
    ----------------------------------------
    Choose your poison. My choice is gold and silver. Oh and that's not to mention the trillion dollar Japanese carry trades (borrowing Yen at 0.1% interest to purchase USD and Treasuries at much higher rates, then purposefully destroying the Yen to make the subsequent Yen repayments lesser, profiting from the difference)

     
    Which is a similar strategy to the "melt up" being orchestrated by our central authorities. Stocks are going to have one more blow-off top then crash, folks are piling in setting new ATHs while the smart money (the CEOs and insiders along with the richest men in the world) are selling up and running for the hills
    The last time stocks were this concentrated was in the early 1930s .... hmm, what happened next? 

     
    It's not that we're stupid either it's that we are corrupt. If you wonder why such things are allowed to transpire when we're aware of the potential consequences, well, it's a feature, not a bug. The bugs are what you will soon be eating. Stack gold, silver and be self-sufficient (farmland, clean water source, independent energy, guns, medical supplies, toilet roll, etc):
     

     
  24. Haha
    theman73 got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    Fixed for ya
  25. Super Like
    theman73 got a reaction from Gruff in Gold Monitoring Thread £ GBP only   
    Fixed for ya
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