bungee

"hardest money on earth" yet they price it in dollars
 
If they were serious about the 'hard money' bit, they'd be pricing everything in bitcoin. But they aren't..

Might be time to stop paying taxes? 🤔 

You’ve summed it up very well.
These new regulations and things I’v seen over the past 6 months are what Bitcoin was made to bypass!
 
I got lucky with Crypto for 3 years but when I recently needed to complete a survey before I was allowed to place a sell on tokens I owned on crypto com that’s when I knew it was time to get out.
 
I’d much rather hold any spare wealth I have in my own hands and under my sole control.
In the end all these regulations for Crypto are nothing but good signs for gold!

Sexist 

. . . . . . . weeeeeeeeeeeeeeeeeeeee
and down the snake we go  

I believe half of what I see and practically nothing of what I hear.
People can make up stories either because they are being paid, or just because
Central banks are private entities and under no obligation to publicise their purchases/sales, so anything that is reported I find highly suspicious and potentially supporting someone's agenda.
 
Central bank of China has soooo many avenues to source gold that nobody believes their figures anyway. Chinese interests control many mines around the world on top of everything.

As usual this is a made up story. Gold would not behave like this quite out of the blue on a Sunday night on the basis of 'hopes of lower rates sooner.' Who does he think he is kidding?
This is code for I don't know why the hell this happened but i need to say something to look like i know what i am doing.
The word is a central bank came in at the open and bought BIG on the spot market. This resulted is a massive spike in price. This then caught a lot of traders out and we had huge numbers of margin calls in futures. Short positions are forcibly closed and so it snowballs as they are bought back.
Now which central bank and why they should do a Sunday night raid i am not privy to but that is why we saw what we saw. 
What is encouraging is that was a big spike - so either the order size was off the charts or there isn't any gold out there - i have previously heard there isn't any gold out there. 
 

Ain't auto predictive text brilliant, it's like it knows what I want to say before I've said it !! Brillllllliant !!! 

As a a famous Baird once sung
‘Reach for the stars 
Climb every mountain higher 
Reach for the stars 
Follow your heart's desire 
Reach for the stars 
And when that rainbow's shining over you 
That's when your dreams will all come true’

not so sure.  is it actually plated or just gold painted cuni??   
only 90% binlord
 
 
but tbh, if i can buy something at £2 and sell for £20. thats not a bad business.
 
wonder if HMRC know???
 
 
strangely enough stumbled across a you tube video about world postage which explains why china can export at almost no cost as its being subsidised by us and the us etc as its a "developing country".  i cant find it but when i tried to i found this from 2018 and its still ongoing
 
https://www.ft.com/content/3af8bfb8-ad3a-11e8-94bd-cba20d67390c

Retailers in the UK say they are struggling with unfair competition from Chinese online sellers who benefit from subsidised postal costs. Domestic vendors say it can be cheaper to send a small item to London from Shenzhen than from Sheffield, partly thanks to international rules. UK postal operators such as Royal Mail are reimbursed by the operator in the country of origin some of the cost of processing and delivering letters and small packets under 2kg from overseas after they arrive on UK shores. However, countries classed as “developing” — such as China — are charged significantly less for the service than industrialised nations under a system called “terminal dues”. Donald Trump has demanded reforms to the system, claiming it undermines American business. The US president has threatened unilateral action unless the rates are increased to end market distortions. Nick Glynne, founder of Buy It Direct, which sells appliances, electrical equipment and furniture, described the situation as “outrageous”.
 
“Royal Mail is subsiding Chinese resellers.
 
People have no idea the scale of what is happening. It is cheaper to get something direct from China than for us to deliver it from the UK,” he said. Two million items a week from Asia About 2m items are thought to arrive in the UK each week from Asia. An army of small-scale Chinese traders on websites such as Wish, Amazon Marketplace and Ebay buy stock direct from wholesalers and then dispatch electrical goods, cosmetics and other lightweight items in bubble-wrap envelopes, which are transported by air freight to the UK, often within days. The Financial Times purchased a Samsung phone charger on Ebay from a UK seller for £3.19 with free postage. It arrived in a week from China and contained Samsung branding and CE marking. The same model costs £19.99 from Carphone Warehouse, although that product also includes a USB cable. The FT also bought a tube of eyelash glue on Amazon for 58p. It arrived after 10 days, post-free, from an address in Laos. I have always tried to steer clear of stuff they [Chinese online sellers] can do. You cannot compete with subsidised products Nick Whitehead, Xbite “It is unfair and it needs to stop,” said Steve Oliver, cofounder of Music Magpie, a vendor of second-hand CDs, DVDs and mobile phones.
 
Royal Mail said the Universal Postal Union (UPU), a UN agency, sets limits on the rates that China pays for postage once it reaches the UK. The UK operator has a separate bilateral deal with China but declined to give details on the grounds of commercial confidentiality. “The agreement ensures we are paid adequately for our services,” the company added. Royal Mail also declined to disclose how much international mail it handles. Its annual report for 2017-18 stated that the top three countries for cross-border purchases into the UK were China, the US and Germany. Cheap imports hitting UK high street The availability of cheap imports has hit high street retailers in the UK as well as online merchants. Maplin, the chain that went into administration in February, sold small electrical components available direct from China. It attempted to move to higher value items but could not adapt quickly enough. Zeif Hussain, of PwC, one of Maplin’s administrators, said UK retailers were facing unprecedented pressure from rising costs and international competition. “Overseas sellers have a lower cost base and some products are loss leaders to attract shoppers,” he said. UPU guidelines endorse the principle that each country should be compensated by the sending country for the delivery of inbound packets and documents at a rate of about 70 per cent of the domestic postage, with varying levels of discounts for developing economies. However, many operators give each other much larger discounts, according to Jim Campbell, a US consultant and lawyer. Recommended Peter Navarro Global postal rates give Chinese companies an unfair advantage OPA LOCKA, FL - DECEMBER 04:
 
U.S. Postal service mail handlers Stephen Johnson and Melonyee Ross (R) sort packages at the U.S. Postal service's Royal Palm Processing and Distribution Center on December 4, 2017 in Opa Locka, Florida. The U.S. Postal Service is projecting more than 850 million packages will be sent during the busy holiday shopping and gift giving season. More than 6 million packages are expected to be delivered each of the five Sundays before Christmas in select major markets. (Photo by Joe Raedle/Getty Images) “The reality is that industrialised countries are charging substantially less than 70 per cent of the domestic postage [price] for the delivery of inbound small packets,” said Mr Campbell. Legacy national postal groups offered discounts to protect their position in the ecommerce delivery market against competitors, he added. The system is undergoing reform. In 2016, the UPU agreed new rates that specifically increased costs for small packets from China and other middle-income countries, such as Turkey and Russia, with an ultimate goal of applying the same terms to all nations by 2021. An extraordinary congress of the UPU this week is discussing the issue, along with a number of others. Mr Campbell said the new uniform rates would still offer a substantial discount to overseas sellers. “The UPU is now significantly increasing the rates that China pays for postage,” said Royal Mail. “China will pay similar rates to major European posts by 2021.” ‘You cannot compete with subsidised products’ Many small UK retailers and online sellers believe more needs to be done. Nick Whitehead is the managing director of Xbite, an online retailer in Chesterfield founded in 2004, which today employs 90 people. He said he had suffered from the “crazy” system and had to switch to more expensive products to survive. “I have always tried to steer clear of stuff they [Chinese online sellers] can do,” added Mr Whitehead. “You cannot compete with subsidised products.” Mr Whitehead said it was not just cheap delivery that threatened the UK retail trade. Sellers can under-declare the value of products to avoid VAT, charged only on packages worth more than £15, and they may not have performed full British safety checks. Some retailers also fear that Chinese sellers could route goods through nearby countries that might continue to benefit from favourable postage rates during the transition period to higher rates. The UPU declined to comment before the congress finished on September 7.

Seems a bargain! 
https://www.ebay.co.uk/itm/355018708580?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=rmu855x-qpg&sssrc=4429486&ssuid=A718wjGITW6&var=&widget_ver=artemis&media=COPY

I need to try listing that "coin" I won at a car boot auction which came from the house clearance of a recently passed relative... Quids in!

House clearance
Picked up at a boot sale 
Was in a job lot at an auction
All eBay selling tactics that are used by scamming scumbags 

In a long convoluted way, you are.

BRICS and all these delegates and yet a nothinburger - or so it seems..
Nobody wants to rock the boat - until they are ready to swim in the consequences
Reading declassified documents from 1971 (thanks to Ronan Manly's sleuthing) it is clear that everyone knew the game and the stakes. They've known all along - there was a reason all that gold had been amassed in the US by the end of the war - and I doubt that anyone 'forgot' in the meantime.
Paper is cellulose (plasticised now), promises are hot air. Shiny has atomic weight.
Patience, grasshopper..

2023 Coronation SOTD Sovereign
Front and back lighting, turned about 20 degrees away, to get the lustre on the matte finish.  Beautiful coin.

I prefer something a little newer... 😉

The retirement goal is a very hard one ideally it would help knowing how long you are going to live and how long of that time are you gong to be healthy and abled bodied.  I was calling in on one of my neighbours daily as she wasn't; good,  for the last 5-6 years of her life it really was poor  for her.    Very little mobility and losing her mind slowly, all I can say about old age its horrific and not many people talk about it.  She was very wealthy, had multiple pensions,  windows, MOD , her own personal civil servant one with private health cars and a state pension........didn't do her any good, and as pessimistic as this sound it gets to a point in all our lives where wealth becomes meaningless.
For me it not about life span but more health span the time you are fit, healthy pain free and have some kind of financial independence in your life, without answering to your boss on a Monday morning can PM's help this?   Yes but its not the one answer fits all, its more about what finical decisions you make in your 20's that have the biggest impact on your life going forward you can make dramatic corrective changes in your 30's and this will still give you some time once you get into your 40's and 50's this become far more difficult if your goal is to enjoy a bit of freedom while you are still fit and healthy. 
Most people don't have a clue never mind a goal in  life they are happy just to wake up, go to work, wish the day away so they are one day closer to the pay cheque and they do it all over again  for the next 45-50years.  I live in an area with a lot of elderly neighbours and once they get into their late 60's especially early 70's  their health and mobility is nowhere what it was only a year or two before, for me I'd liquidated all my PM's in my late 50's early 60's to enjoy life making sure theres a pension or passive income to cover my daily outgoings as I age.
 
 
 
 

£1000 in the bank in 1971 with an average of 7.1% interest over time. Turns into  £39,690.85.
£1000 of silver in 1971 would have bought you around 1200oz (being generous)   allowing for vat and dealer premium  £21,348.00 todays price 
£1000 of gold in 1971 would have bought around 60oz gold allowing for dealer premium  today this is worth £89,700. today price 
Not positive nor negative just fact. 
Cash in the bank has gone up 39X in 52 years  from £1000 to £39,690.85  (with interest) 
Silver has gone up 25.5X in price in 52 years, from £0.70p to £17.85  at spot 
Gold has gone up 94.3x in price in 52 years, from £15.84 to £1,495 at spot 
In real terms how much has the pound lost in 52 years?   I would argue around 95% of its real purchasing  power.
 
 
 
 
 
 
 
 
 

BUY! BUY! Keep buying!😮🥳🥳

The main thing that's going to shape our economic future imo is full on chip in hand digital currency whereby we become the currency. Like walking debit cards scanning ourselves when we want a bag of potatoes. Or getting embarrassed when we don't have enough in the bank balance and we, not the card get rejected. Maybe asking the shop assistance to rescan our hand hopping we'll go through ok and realising we've become nothing more than a financial product ourselves. Maybe financial institutions will allow sponsoring where we can have their brand stamped on our forehead or we walk around in racing driver style jumpsuits advertising Natwest and Capital One for freebies and credit points.

There is so much going on at the moment, both politically and financially that it can be difficult to know what to focus on when it comes to managing your investments.
At times like these, it’s good to try to filter-out all of the “noise” and identify the major developing trends that will have the biggest impact on you, your family and your finances.
Recently, I did just that and that’s what inspired my talk with Chris Martenson over at Peak Prosperity, earlier this week. Chris and I had a great chat about my top five super trends to look out for over the next 18 months.
You can hear them all in the podcast, below. I’d love to know if you agree with my top five, and if not let me know what you would include, instead.
For instance, do you think Demographic Decay is something we should be concerned about, when planning and managing our investments? What about De-dollarization?
Let us know either by email or just tweet us here.

A lot of dealers don't sell second hand silver online. They keep it back to sell over the phone due to how quickly it sells out.
Equally important, 2021 isn't that long ago, and most people buying back then won't be in profit yet, most will be at a loss if they were buying from dealers with premium + VAT. So I wouldn't expect much 2021 silver to be in the market just yet.