JohnA1

Tyler was a fictional character in someone's twisted mind. There is now a surprising array of people writing under the Tyler pseudonym in ZH

ETF 'approvals' mean that the centralised finance vermin (that crypto-dudez are supposedly against) can pretend to hold bitcoin without actualy doing so, hiding behind obscure promises. Same as they do with other commodity price shenanigans. DeFi at its core is about zero trust, zero need for approvals, zero counterparty risks. Exactly the opposite of the expectations driving the bitcoin price right now! "Bitcoiners" are not even aware that they should spit at any reference of bitcoin 'price'. Everything else should be priced in bitcoin - but hey, that's small print for the get-rich-quick crowd of followers...

True - if your first name is 'Current' and your surname 'Occupier' Otherwise why volunteer statements to anyone?

Traditionally an investment would command an expected rate of return over and above the 'zero risk' interest rate. So if the 10-year govnt bonds yield 5%, a long-term investment proposal would need to promise over and above that 5% depending on the perceived risks, otherwise nobody would be attracted to it - they'd stick to the zero risk governmental promises. That's the theory In the good'ol times according to the same theory people with a large amount of money in the bank could live off the interest and keep the capital intact. We know that is not true nowadays, if someone dares live off the interest, the capital shrinks to nothing. And the 'zero risk' interest rate is not pereived as zero risk by everyone anymore. Plus we've woken up to the definition of 'money in the bank' being neither money, nor ours anymore. In any case, gold would be expected to keep its purchasing power in the long run, so nobody would bet their life on guaranteed returns over and above the 'zero risk' interest rate. It would just be expected to keep up. I don't think that has changed. Retention of purchasing power is all we expect in the long run.

'conditional performance of actions' pushes the concept of ownership further down the toilet We've already known this to be true for bank deposits (depositors=unsecured creditors) With the publication of the Great Taking we now know this to be true for all stocks/bonds and financial products If people are stupid enough to volunteer their PM holdings for the unified ledger, then good luck to them..

Correct - surface conductivity test is not enough. A test through the coin/bar is also needed (to identify inserts), as well as precise weight and dimension check (density) Sigma Pro variants can help there. The above specimen however might fail a thorough visual inspection, which is essential occassionally😄 Might have also fail the magnet and ping tests (subject to soup ingredients)

If they were to actually find anything, the first to know would be his neighbours who were paid to do the digging. Just sayin..

Yes, such a scenario would be a damping factor for private transactions using Royal Mail. It would make it more worthy to meet people in person, or just walk into a dealer. Alternative ways to post might emerge though, not everyone uses RM for secure deliveries..

I very much doubt the GBP will ever make it that far. It is decaying very fast, at an accelerating rate - just like the other paper currencies ever since 1971 Whatever will replace it matters not when it comes to the purchasing power of a gold ounce. This has been a constant through the ages, not even centuries. Bankster deception is pricing gold in their paper 'equivalent', calling it the price of gold - like it is a commodity between oil and pork bellies. The truth is that gold is money, and everything should be priced in weight of gold. Don't fall for their lies..

You'd be holding something substantial and immortal. The sovereign just hasn't got this effect - bit too small and not pure gold. It's all in the mind! For a beginner I'd think sovs are an excellent choice. For someone who cashes out a pension (or similar) then tubes of Britannias would be more appropriate in the mix. It does depend on the budget as well, I remember £5K would get 6 Brits delivered back in 2015 or something. Today you'd be lucky to get 3 for the same GBP, and salaries haven't really moved up since then..

The 50-year delay? I'm not convinced that the so-called interest rates and gold 'price' are even linked. Interest rates set by central banks, are not always the ones the market is comfortable with. Plus they are set by the same interests that try to convince everyone that gold is just a rock and money is only what they issue. Yes, all the interweb commentators agree to such a link, but they are trying to get paid in one way or another. They are not sitting comfortable on their own Pacific island having proven they know what's going on - instead they beg you to ring that bell for pennies from youtube We need to zoom out and ignore the noise

They've introduced it, they keep altering it, nothing to stop them from removing it. Also remember CGT-exempt coins are ultimately property of the Crown Corporation, since they make them. That's why they can call them in if they decree an 'emergency' Individuals who value their privacy and meddling parasites act accordingly Others are happy playing with the rules of someone else. Horses for courses..

Nice find, thanks.

Here is a view of the equivalent situation in the States. Can of worms, full of scamsters I've had a look at the UK based gold pensions business and wasn't impressed by their margins or the annual insurance and storage costs (on top of the SIPP annual fees). Not much competion in that sector, so it is take-it-or-leave-it In the end it was a no-go for me due to those funds not being eligible for a SIPP, but the whole pricing structure put the brakes anyway. If I were to go ahead I'd look hard for any competitors, just in case they are less uncompetitive. They know HMRC is holding you by the curlies and you're looking for the next best thing to physical holdings.

I feel there might be funny business behind the sovereign. At some point I discovered (by accident) that it is CGT exempt even in Greece, which has never even been member of the commonwealth. Impossible to get a straight answer as to its status as legal tender. The sov should be legally treated there as a foreign bullion coin - but it isn't I suspect it might be linked to the Rothschilds who are behind practically all central banks, including the so-called Central Bank of Greece. Worth digging I think..🤔

I prefer pen and paper. Nothing electronic, nobody else's liability🙃

Why would you want to record a private transaction?

Got it scanned on a PDF. PM me your email address if interested to have a look

Couldn't agree more. I wouldn't even *consider* any gold that doesn't pass Sigma test all the way through. The Pro Mini tests through up to 10mm, that's good even for the thickest gold coin/bar I'd be interested. Wands only go down to a certain number of microns deep, same as XRF guns. Not good enough perhaps if cladding is involved.

I see some deliberate misunderstanding from both sides here. Just a bit! The seller contradicts himself in a way - first he claims to have no idea of the authenticity, then that he knew it was not real and pulled out of a previous auction. So he knew. Then the lady protesteth too much - he gets aggressive and insulting a bit too early. As for the buyer - c'mon, it was grossly underpriced and the wording was slimy and weasely. It's not that the seller claimed it had been tested or anything, he was making excuses all along. I wish you get your money back, but to my eyes it wasn't clearly misrepresented..

...plus they only show (a distorted view of) the past. Like a rear-view mirror. Would you dare drive ahead using only the rear-view mirror? How many races/rallies have been won by staring at the rear view mirror?

While their message is not wrong, it is based on a false premise: that gold is reaching all-time highs I find this misleading and kinda disingenuous because it is only true in nominal terms. Pretending that the 1920/1970/1980/2023 dollars are all equivalent - see, we stuck them on the Y-axis of a graph! Once inflation adjustment is applied, the picture is very different. Going back to 1700s on a logarithmic scale (the one above is linear) ..and once they attempt a *real* inflation adjustment the resulting graph points downhill big time, especially once they started the hanky-panky with inflation figures in the eighties Gold has never been cheaper

In 2054 none of the existing currencies will be around. Not in the current form anyway. They are all being inflated away at an accelerating rate, reaching the end of their lifecycle. This has been repeated many times before with all fiat currencies (without fixed link to gold) Have a look at a picture of a 100 trillion dollar banknote I have posted somewhere here from 2008 Zimbambue (got it from ebay). That dollar started at parity with US dollar, now it is worthless. Zimbambue is a rich (but fiercly corrupt) country. Same with USD, GBP and EURO. They will be a thing of the past in a few years, once prices start doubling every few months, the game is over. We are not very far from that point, and they'll probably pull the plug before we get there.

In what currency? The current ones are at the very end of their cycle, having been totally free from any gold link in the past few decades Remember a member of the public could exchange a paper GBP for a sovereign at any commercial bank until 1913 or so Under certain (strict) conditions it could still be exchanged until 1931