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stackspot

Silver Premium Member
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Posts posted by stackspot

  1. 9 hours ago, GreyBeardUK said:

    I'm what Londoners call "a provincial" (when they're being polite), and I'm thinking of coming down to London for a day sometime in the next couple of months.

    Which coin/bullion dealers would you recommend I try to visit? They need to be in short walking distance of a tube station.

    Which ones can I walk in off the street, and which would need an appointment (difficult to set up for a day trip)?

    Thanks.

    https://www.sharpspixley.com/

    Around the corner from The Ritz

  2. 53 minutes ago, theman73 said:

    The government know that a man without family have no desire to revolt having nothing to protect.

    The more rainbow crosses the merrier...

    £1867

    Interesting point   I hadn't heard that one before👍

  3. 1 hour ago, Kman said:

    If they need to provide help to foreign central banks because of illiquidity that suggests there aren't enough dollars rather than they've been money printing

    https://www.federalreservde.gov/monetarypolicy/bst_liquidityswaps.htm they can't print money so I'm 99.99% sure the liquidity process is just swapping dollars held from one account at the Fed to another 

    "The dollars that the Federal Reserve provides are deposited in an account that the foreign central bank maintains at the Federal Reserve Bank of New York

    When the foreign central bank loans the dollars it obtains by drawing on its swap line to institutions in its jurisdiction, the dollars are transferred from the foreign central bank's account at the Federal Reserve to the account of the bank that the borrowing institution uses to clear its dollar transactions"

    The Fed currently purchase 80 billion in treasuries every month doing QE from primary dealers but they do so by crediting collateral accounts held at the Fed with dollars that can't be spent

    They did purchase corporate bonds but they did so with dollars provided by the government, I can't find the chart but I think they stopped doing that in July or August, https://home.treasury.gov/news/press-releases/sm1190 the government recently asked for that money back

    If they just printed dollars why would the government need to provide them with actual dollars

    There isn't money printing, that's the pied piper song of the Federal Reserve to trick people into spending because they think the inflation boogeyman is coming

    It's all gobbledygook to me

    Either way it's a stitch-up  🙂

  4. 4 hours ago, Cornishfarmer said:

    @Bumble great chart. My only surprise is Iceland being so high. Never been there but I would have thought they weren’t such a well off country 

    I don't know exactly the answer but I would put it down to -

     - Small population (about 360,000)

     - Efficient Nordic style economy

     - Fishing

    Also things like recently constructed, controversially, a major aluminium processing plant/reservoir (foreign owned)

    No military to pay for

    They are also in the top 5 richest countries in the world based on GDP per capita along with funnily enough Ireland

    https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjbz8CE0I7tAhXOUMAKHcVuA1IQFjABegQIBhAC&url=https%3A%2F%2Ftendercapital.com%2Fen%2Fthe-five-richest-countries-in-the-world-based-on-gdp-per-capita%2F&usg=AOvVaw3sZYjD-VQcw3wQ_g4mV7dH

     

  5. 15 minutes ago, Goldhooked said:

    I haven’t tried but thought I probably wont bother until it comes time to sell.

    I guess you could try a hairdryer to gently heat the capsule?  I’m thinking the capsule might expand faster than the coin?  Try at your own risk though!

    Maybe the opposite

    Put it in the fridge for a few minutes

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