-
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.
Reputation Activity
-
Rains reacted to GoldDiggerDave in How is inflation effecting you in 2022?
TXT from virgin media they are putting up their mobile plan by 11.7% 2022 is a F..ng free for all for every company.
-
Rains reacted to GoldDiggerDave in How is inflation effecting you in 2022?
Give you £200 to justify taking another £800.
-
-
Rains reacted to Tiarna in Good evening everyone.
I’m Tiarna,
I’m new to silver buying and stacking, so I will probably be picking your brains at some time in the not to distant future!
…
-
Rains got a reaction from Christoph in New member looking for silver coins
Only been here a months and the members on this site are great to deal with and very Helpful Welcome
-
Rains got a reaction from Scaffstacker in What might the gold price be in four years time in 2026?
Per gram 😉
-
Rains got a reaction from SilverDrum in What might the gold price be in four years time in 2026?
Per gram 😉
-
Rains got a reaction from HerefordBullyun in What might the gold price be in four years time in 2026?
Per gram 😉
-
Rains got a reaction from entsor in What might the gold price be in four years time in 2026?
Per gram 😉
-
Rains got a reaction from James32 in What might the gold price be in four years time in 2026?
Per gram 😉
-
Rains reacted to HerefordBullyun in Binlord of the week on ebay
Its goes to show some people are thicker than a ghurkas foreskin after a week down a bangkok knocking shop!
-
-
-
Rains reacted to HerefordBullyun in Binlord of the week on ebay
Thats pretty ballsy putting your own ebay profile on TSF!
-
Rains reacted to James32 in Binlord of the week on ebay
Hoping someone will click the link and accidentally hit the buy button.
-
Rains reacted to Dakaras in Proof Coins And value
I've a few .925 proofs picked up cheap very close to spot and I've 4 proofs of 1oz coins all retail at 95 I didn't pay that! I playing round with the idea of getting them graded see if that impacts on their value in real terms.
-
-
Rains reacted to beacon in Proof Coins And value
Most of my silver stack is in government bullion coin, but every once in a while I love to get a nice silver proof coin. There is a something about having a nice presentation box, certificate, along with a very nice and unique design in a low mintage (hopefully).
-
Rains reacted to bluffer in Proof Coins And value
now got the answer to a question I was about to ask - £95 for the 2022 britannia is steep but RM have been heading that way for a while now with pricing from gold to silver to coloured buncs to buncs. At a cheaper price I might consider it, but not
-
Rains reacted to James32 in Old sovereign vs new uncirculated sovereign when stacking?
Well have you something against platinum members?😁
-
Rains reacted to Gruff in Silver Monitoring Thread £ (GBP) only.
100% agree! No purpose to work.
Happily I have no where near that limit, but I'm looking to further dilute my meagre savings across several banks and also to get some more outside of that system.
-
Rains got a reaction from Darr3nG in Silver Monitoring Thread £ (GBP) only.
How about £22 per monkey 😄😄
-
Rains got a reaction from Darr3nG in Sovs reading slightly off on the sigma
In the movies they just bite the coins 😄
-
Rains got a reaction from SemolinaPilchard in Sovs reading slightly off on the sigma
In the movies they just bite the coins 😄
-
Rains reacted to Gruff in Silver Monitoring Thread £ (GBP) only.
This could prove to be a factor in PMs in the coming weeks. If Switzerland is proposing bail-outs to it's TBTF banks, then they know that these banks are in a massive liquidity crisis. That is evident for anyone that monitors the overnight repo market in the US, that the Fed has stumped up nother of $1.5 trillion nightly for the last year or thereabouts.
https://www.reuters.com/business/finance/swiss-govt-proposes-public-liquidity-backstop-big-banks-2022-03-11/
But will this cause contagion in the markets, will it rattle others?
Will there be a flight to safety?
As a top tip for people living in the UK. Ensure that if you are fortunate enough to have more that £85,000 in savings in the bank it is not in one account.
The below exceprt (apologies for the length), is from something I wrote for my missues friend that wanted to invest in PMs. I've removed the investment part as we should all know about that on here. But the bank bail-ins, people need to be aware of! This came in off the back of the 08/09 debacle.
https://www.bankofengland.co.uk/paper/2021/executing-bail-in-an-operational-guide-from-the-boe - Check out the PDF on this page "Executing bail-in: An operational guide from the Bank of England" - This details basically how the banks can enact this scenario. However there is no mention of a limit or amount at which the bail-ins get taken. Eg: £85000 and above https://www.bankofengland.co.uk/freedom-of-information/2021/questions-about-bail-in-and-customer-deposits - Whilst they state that protected deposits are protected (FSCS Protection £85,000 per account per banking license**) and you wouldn't lose any money, you might not be able to access it for a period whilst the bank stabilises itself. As you could imagine, if a bank did perform a bail in, a lot of customers would want to move banks. This could trigger a further requirement for funds. - I wouldn't take the above to mean that upto £85,000 or £170,000 on the joint bank accounts would be safe, we know how the Central Bank and Government like to change the rules to suit ** - FCSC determines that an individual can have upto £85,000 or £170,000 jointly protected by a banking license. - https://www.fscs.org.uk/making-a-claim/customer-info/banking-licences/ - As of March 2020 (PDF below ~52 banking licences that cover over 350 Managed Financial Institutions) - https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2020/fscs-banking-brands-march-2020.pdf https://www.gov.uk/government/consultations/bail-in-powers-implementation-including-draft-secondary-legislation/bail-in-powers-implementation - The Bank of England links above are backed up by the UK Gov website - This does however state the following: The BRRD also includes provisions regarding the ranking of deposits in the insolvency hierarchy in what is currently Article 98A (subject to renumbering). It requires Member States to ensure that: eligible deposits – that is, deposits of any amount that qualify for protection under the Deposit Guarantee Scheme (in the UK, the Financial Services Compensation Scheme) – from natural persons and SMEs, have a higher priority ranking in insolvency than the claims of ordinary unsecured creditors covered deposits – that is, deposits that qualify for protection under the Deposit Guarantee Scheme, up to the coverage limit (in the UK, £85,000) shall have a higher priority ranking in insolvency than the part of eligible deposits from natural persons and SMEs that exceed the coverage limit As outlined above, the government is seeking views in the consultation on the transposition of certain aspects of the BRRD. The government will consult on transposition of the remainder of the BRRD in due course.