15 minutes ago, dicker said:

The Fed have bigger problems than gold price suppression to worry about 🙂

The Federal Reserve always was a New World Order foreign belligerent occupational government. It’s weapon, economic wars. You are their enemy.

THAT'S why you don't put liberals in charge of monetary policy.  They know nothing of human nature and insist on believing that people will sublimate their own needs for the good of mankind.

ALSO Funny that SVB paid all executive bonuses right before it was shuttered.

Gold might actually hit $3,000 this year if the Fed and Gold suppressors are not careful.

At a population of 5.5 million residents (permanent and visiting) and 200 metric tonnes of gold, Singapore has roughly 1.2 oz t of gold per resident.

China reportedly has 2010 tonnes, or about 65 million oz t of gold. At a population of 1.4 billion, that's only 0.05 oz t per person. 

So if you as an individual have at least a couple of ounces of gold, you'll be well positioned to compete with world governments when everything collapses. 

How long has it been since the Bank of England bought ANY gold?

https://www.asianinvestor.net/article/singapore-central-bank-lifts-gold-holdings-by-30/483535

1 hour ago, CazLikesCoins said:

If you're new to investing whatever you do, DON'T LOOK AT YOUR GOLD!!!!! It will hypnotise you like nothing on Earth and suck in all your cash like an imploding dwarf star or black hole. Gold fever is a thing and needs careful counselling, therapy and management, otherwise you'll end up as rich as Scrooge McDuck while living in a bedsit eating Lidl beans.

Bullion full sovereigns are a solid choice when buying as cheap as possible from reputable sources. If buying online deal with sellers with good feedback, ie; let other buyers tread there first before you take the risk. Its not Star Trek boldly going where no man has gone before lol and it's far safer treading a well worn path to a few good value coins.

Also consider renting secure storage. A house fire or burglary could wipe your stack out entirely so renting a safety deposit box should be a priority. Otherwise it's a bit like like buying tropical fish and not having the right fish tank to put them in, it's just asking for trouble lol.

LOL I live in a mansion and still eat Lidl beans (that's how I got the mansion

2 hours ago, westminstrel said:

… and, cackling, it said, “Sucks you can’t take these beyond the grave eh?”

In alchemy, gold was believed to be the most perfect metal, and the alchemists believed that it could be used to transmute base metals into gold, as well as to create an elixir of immortality.

I heard the sound of clinking gold coming from my closet. I slowly opened the door and was greeted by a skeletal figure clutching a bag full of gold coins.....

If you're new to collecting gold coins, you may be wondering what the best coins to start with are. I get this question a lot. Share your experiences and recommendations for coins that are easy to find, affordable, and have potential for appreciation. What are the best gold coins for beginners to collect?

On 09/02/2023 at 13:11, Darr3nG said:

Do the undertakers accept payment in gold/silver?

On 09/02/2023 at 13:11, Darr3nG said:

Do the undertakers accept payment in gold/silver?

"Our favourite holding period is forever.

Warren Bufett

8 hours ago, harrygill111 said:

Will the public adopt CBDCs probably... they're using digital cash already backed by a formidable government and central bank. Theres no real advantage from CBDCs so there will probably be a simple opt in/automatic rollout via your banking app. Cash goes on becuase a fifth of the UK are reliant on it.

 

 

 

 

 

It will last as long as they can keep creating currency from nothing but promises and digital entries into their fake accounting system which is about as transparent as a Boris Johnson tax return. 

CBDC is just another kind of data ledger system, but with some potentially ugly strings attached:  instead of your local bank keeping track of your transactions, all that data will go to the Bank of England.  They will become the central clearing house for all non-cash financial transactions -- and the big banks are loving it!  

The issue is privacy. Right now, only the HRMC and police have the power to examine your personal financial history, but only in the context of a criminal investigation or tax law violation (at least it used to be).  But with CBDC, your entire financial history is just setting out there for anyone in govt. to peruse without legal safeguards (like a court order).  And you just know its all gonna end up in the hands of some third-party data broker.

No, the govt. is not going to force you to use CBDC ... they won't have to.

But the big banks and big corporations most definitely will.  And big media will be out there selling it to young & dumb 20-30 somethings who can't take a dump without clicking some app on their precious SmartPhones!  These Tesla-driving-soy-boy-mask-Karens will be the early adopters of CBDC, singing its praises as the greatest thing since Pop Tarts ... just as they all lined up to get their clot-shots while threatening internment for those who didn't.

Here's how I think this thing will play out:

1.  The pre-rollout sales pitch by big media.

2.  Focus group studies to identify pockets of stubborn non-conformity and how to deal with them.

3.  Instil a false sense of security by telling people they'll still be able to use cards, cash, checks, etc. 

4. Major retailers will proclaim their support.

5. Full rollout & activation.

After a few years, expect to see fewer and fewer venues accepting cash payment or limit cash transactions to a single automated checkout lane.  The UK will move towards CBDC by social pressure, not govt. force.

"Bankers bonuses: NatWest reveals profits to £5.1bn last year"

Criminals of the highest order.

22 hours ago, paulmerton said:

I'm gonna start stacking aluminium to meet the demand for tinfoil hats.

Got gold? NO but I have crypto, EV and a peloton.

15 minutes ago, Bigmarc said:

Do you have a link? 

https://www.bankofengland.co.uk/paper/2023/the-digital-pound-consultation-paper

Let me translate this into non-satanic language, it means your digital pounds will have an expiry date, and can only be used for what they allow you to use them for. In other words, it's worthless scrip, not money.

Watch the zombies and sheeple walk into this eyes wide shut.

Keep stacking and hold till you die.

Injun.

26 minutes ago, dicker said:

You are spot on, but it is a bit of an inconsistent landscape.

There is a Krug for sale on here that hasn’t sold for spot, but Brits and Sovs fly.

I am mostly interested in the Shield Sovs and the premiums at the lower to mid end have all ramped significantly over the last 18 months or so.

Maybe it is the CGT coins that have the higher premiums?

Best

Dicker

 

Where, where is the Krug for spot?

8 hours ago, James32 said:

That disappears when you hold tonto the Indian against your chest.

14 minutes ago, codenamedtango said:

Wish i was rich enough for that to be a big concern. 

11 minutes ago, SidS said:

I love these things! I did have a rather pedestrian 1904 variant many years ago. I really wish I hadn't sold it. That said, one day a 19th century variant would be brill, when funds allow. I love old US gold coins.

Yes there used to be quite a few 1904's around but even these are becoming hard (and expensive) to get hold of.

The Fed came into being in 1913. What cost 2 cents then, now cost a dollar. An ounce of gold cost $20.63. An oz of gold now costs $1800. As the 'mercans say 'go figure'.

Why do people have to make this more complicated than it is? Over the last 30 years the price of gold has risen 1400%. In the last 50 years, the dollar has lost 85% of its value - not rocket science!

It's back. 1898/1893? Now weighing 22g! Yours for £500 - do ya feel lucky?

https://www.ebay.co.uk/itm/404039147021?_trkparms=amclksrc%3DITM%26aid%3D1110006%26algo%3DHOMESPLICE.SIM%26ao%3D1%26asc%3D20200818142401%26meid%3De28b85daff1f49ac8dd22f1aea213f23%26pid%3D101124%26rk%3D1%26rkt%3D12%26sd%3D404025277957%26itm%3D404039147021%26pmt%3D0%26noa%3D1%26pg%3D2563228%26algv%3DDefaultOrganicWeb&_trksid=p2563228.c101124.m2109

1 hour ago, honestinjun said:

How can a metal with very limited industrial use that can be mined from the ground be used as a store of value?

Money is a store of value, because you can use it to procure products at a later stage. I’d argue currency was created with store of value being one of its prime purposes.

My time is too valuable to waste with someone who thinks currency is money.

Goodnight.

15 minutes ago, Mcgrimes said:

How can a metal with very limited industrial use that can be mined from the ground be used as a store of value?

Money is a store of value, because you can use it to procure products at a later stage. I’d argue currency was created with store of value being one of its prime purposes.

Money can be printed (inflated), but so can gold by way of increasing supply. Granted, money is easier to inflate on a larger and more readily available scale.

But scarcity doesn’t necessitate value.

Man I'm glad I don't have you as a financial adviser. Gold is a store of value because it is not subject to the inflationary pressures that fiat currencies are. Since 1913, the US dollar has lost 96% of its value. Over the last 20 years, inflation in the US has eaten away 57% of the dollar's purchasing power. Compare that to gold.

11 minutes ago, Mcgrimes said:

As much as I like gold and silver, which is plenty, it’s even less useful than jewellery, which by design is intended to be displayed.

Therefore, it’s perception of physical store of value is dependent on like minded people sharing this common mindset, which is less than those that see the same use in the USD, a significantly more liquid type of store of value.

I suppose my point is that it isn’t one of two stores of value, but in actual fact, a fairly inefficient one

How can the USD, or any other fiat, be a store of value when it is backed by absolutely nothing and can be printed ad infinitum?