JohnA1

Sent PM

Yep, 110 years ago you could exchange a paper GBP with one of these at a commercial bank

Same with freakin pensioners (private too) who have been saving for a lifetime and will now demand the fruit of their labour..😟 Not everyone is a free-loader and a useless eater, I see that most are victims of a cruel system that usurps their time/effort since birth under false pretenses. The number of britannias/sovs "allowed" to be transported via customs keeps going down because they keep printing without asking permission (via referendum?) from those whose wealth they are diluting

Wow, interesting thread Lazarused Weak and trembling hands should think twice before holding heavy stuff🧐 There is a lesson here for all of us, put your money on what you really understand so you are resistant during the greed/panic cycle that comes naturally to all us humans

Join the club! I sure wish I had known about the forum before frequenting BBP and the Royal Mint. They do have their uses, don't get me wrong, but they are the least competitive most of the time when you're looking for low premiums. If all of my silver had come from the forum, it wouldn't all be underwater like it is now🙄

I laugh at these graphs - because they treat the 1980s GBP the same as 2023's GBP Even the official inflation figures are grossly skewed from early 80s onwards According to John Williams' ShadowStats tables, prices have gone up 32x since 1980. Even if you question his methodology it will still be well over 16x Even then £15 of 1980 would be well over £240 today Food for thought..

Can't see silver as an 'investment', almost all of what I've bought is underwater and will probably continue to be for quite some time if I were to sell to dealers. They buy well below spot😅 I buy silver because I feel it is severely undervalued. I hope it will be revalued during my lifetime, but can't guarantee even that. It has been deeply undervalued for decades though, so my hopes are not high. I regard it as a speculative aquisition. A punt. I would only sell through the forum of course..

Sucks Once I saw a sov on the window of a high-str jeweller here and though "that's a good price", it was close to spot. They broke my balls before they brought it closer to their till, turns out it was a half sov🤣 These so-called pros will rip you off, stick to the forum mate! Some local members might even buy for cash, you never know..

Just don't sneeze near it😆

Not the best narration, but some historical facts and footage showing how those behind the scenes can pounce and change the rules when it suits them. Naked shorts won, since they were coming from the 'protected' class

https://www.ebay.co.uk/itm/195321634315?var=495086266343 This is one example, there are several similar, all Chinese el-cheapos, but they do the job if you're careful.

these 200gr scales only have accuracy to 0.01gr. I got similarly priced 100gr with 0.001gr. With anything gold accuracy helps. The extra 100gr weighing capacity won't help much in real life IMO

I've found that a 100gr +/-0.001gr is the best starter scale. You can get cheap ones on fleabay, along with a calibration weight. 50gr scales cost the same and can't deal with 2Oz coins, without being any more accurate. Next step I'd go for a 1000gr +/- 0.1gr, again cheap from fleabay and can handle a full Silver Brit tube @Spyder from this forum sells coin gauges, bloody useful I'd think for extra dimension checks

That's a nice problem to have right now, yes😁 First world problems

Some of these may be people who need to urgently pay out credit cards and loans before they end up homeless after the Powers That Be press the button for the Great Taking. And if they are on variable rate mortgages they have even more urgency to focus on what hurts most, instead of buying gold. There are priorities..

What else can they buy? They certainly can't buy US treasuries, as the system (according to Reuters) was infected with a ransomware 'virus' 😅 I feel the credit event coming closer..

Surprise! Totally unexpected.. Maybe wearing a mask helps, lockdowns even more. The Chinese are at least as good at this..

I'd take any time if it went mainstream. The alternative is having parasites eating up the purchasing power of my time/effort continously. According to their own tainted inflation figures, 1GBP of 1914 is equivalent to 50GBP today. So the sovereign costs 8x more today, ignoring gold suppression etc. In what pockets did the rest 7/8ths go? I'd do my trading with electronics facilitating honest money, then redeem to physical whatever I regard as excessive floating in the system. Everyone wins.

Correct - hence the statement "(sort of) eliminates the 3rd trusted party" But you would get the distributed ledger, along with the valued asset backing. A modern equivalent of the GBP before WWI, when you could walk into a commercial bank and exchange the paper with 1 gold sov. Now you'd do it electronically with much smaller increments available. The parasites have had their way during the past century and now you need 400-odd paper GBPs to exchange for 1 gold sov

Not small physical, just physical at an agreed unit. It could be one ounce, it could be 100gr, whatever is reasonably small to prove convertibility and reasonably large to deter frivolous exchanges to physical (that add transaction costs spread across all involved in the chain). The idea of PMs on a blockchain is that once deposited and converted to tokens they would stay there for as long as possible. Obsessive changing back and forth would only lead to excessive premiums (storage, transport, admin etc) that would negate the blockchain efficiencies

I don't see PMs dying ever. Especially gold that is indestructible, like Captain Scarlet. They've been around long before us and they're not going anywhere. Human nature hasn't changed through history. Short-term thinking and greed are part of who we are, so people fall in the same traps over and over again. PMs are a time-honoured way to bypass such traps. Gold has traditionaly been storage of wealth, silver used for everyday trading (with copper as change). The only new entrant here is blockchain technology that (sort of) eliminates the 3rd trusted party, so gold on blockchain could potentially be used even for tiny amounts, bypassing the monetary usage of silver and copper. It would still have to be convertible to physical on demand, otherwise the whole fiat sham would have grounds to rise again. So no, I don't see tiny gold coins/bars rising in popularity in the long run, modern tech can do that much better. Gold holds its value over the centuries, so what an ounce used to buy, it will still buy a century later. Inflation is an artificial construct caused by corrupt governments, it is not natural. PMs are not going 'up', toilet paper and (demand for) debt are going downhill. I don't think we're likely to be dealing with 1/20th ounce coins or grains of gold in the future, that is not gold's function, although it is extremely malleable and can do it if needed (eg: goldback notes) I haven't got anything smaller than a sovereign, finding the increased premiums a big deterrent. If I come across half sovs with 1% premium I might get a handful, but that's it.

...under the assumption programmable 'money' tokens will be easily convertible to real money. Hmmm... If you're not fully up with your boosters etc I doubt that the UBI will keep flowing freely

I paid slightly more when I imported mine about a year ago, and that came with only 1 wand (and the tablet, that you don't necessarily have to buy from these guys). You can't add wands retrospectively, the whole unit has to go back to the States to be adjusted, so best to have them all upfront. This is a good deal IMO.

No crypto-bashing here, I've got friends heating up the house with miners.

Happy face, innit