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kimchi
Reputation Activity
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kimchi reacted to Oldun in Kinesis Gold and Silver currency
How does it get around government taxation ? Cryptos wont get past that in my lifetime that’s for sure.
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kimchi reacted to PansPurse in Kinesis Gold and Silver currency
Yeah just one of many reasons why I'm not going anywhere near this.
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kimchi reacted to Bullionbilly in Today I Received.....
Few new animals to the stack.
Really like the Perth bars.
Got good tubes of beasts too, no rubbing.
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kimchi reacted to JohnA in Today I Received.....
Today I received --- nothing
Although the tracking numbers say 4 packages were delivered. I called the post office. He said "oh the carriers went home by now". I said "well, can you call mine and ask him to come out here. We have 12 boxes and he obviously put my items in the wrong box."
The nightmare of dealing with substitute mailmen.
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kimchi reacted to ilovesilverireallydo in Today I Received.....
Picked up a 1927SA and 1966 Elizabeth YH as bullion off the forum, happy with the condition to be honest.
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kimchi reacted to mr-dead in Today I Received.....
1oz gold proof Queens Beast black bull of clarence thanks to @SilverStan
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kimchi reacted to MickB in Today I Received.....
My two silver trade dollars arrived in the post this morning with a big thanks to @augur in sorting it out for me.
Top man, cheers
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kimchi reacted to Roy in Today I Received.....
The '68 would complement the collection.
'Hey, '67...nice lustre! '
Now, that's a compliment.
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kimchi reacted to JunkBond in Today I Received.....
You know how you paint a mental picture of someone you have never met, well trust me @kimchi, in my world you have lots of hair!
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kimchi reacted to JohnA in Today I Received.....
1968 5 pence...this just to compliment my sixpence collection. 1936-1967
What a difference a year made
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kimchi reacted to CoinStruck in Today I Received.....
And here are the photos!
Interesting to see how the Royal Mint packaging have changed from 1987 to now.
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kimchi reacted to Mark43 in Today I Received.....
A nice sov from @Bullionbilly and a great year of the horse from @arshimo2012.
Couple of brits off ebay.
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kimchi reacted to mr1030 in Today I bought.....
$40 over spot. Was the best price I saw from dealers here in the U.S. I usually like to buy gold at a lower premium, but I really like this design and it commands a good premium here in the U.S.
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kimchi got a reaction from richatthecroft in Today I bought.....
Very nice! How much were they on sale for?
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kimchi reacted to CosmikDebris in Today I Received.....
I would like to thank @woody65 from Yorkshire Bullion for supplying this coin and for the all round great service!
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kimchi reacted to mr1030 in Today I bought.....
Ordered a 2018 1 oz gold Britannia with the oriental border from JM Bullion yesterday while they had it on sale.
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kimchi reacted to fehk2001 in Today I Received.....
Went to Austrian mint on good Friday with some friends , the mint in central but not tourist central/ central I didn’t expect much from there probably same as royal mint experience, boring . Staff in aus mint are friendly and helpful all the way to the counter ...... , they even do a quick special tour for us without booking , however no factory workers are there and no photos are allow
And they got it right ,20 Chinese people walk in there is not coincidence they must be up to something ( Chinese normally very low profile until they take their wallet out ) ,
here is some of the stuff my wife purchase ( I wish she paid for that .......not )
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kimchi reacted to KDave in Kinesis Gold and Silver currency
I think it was 800 USD can't quite remember. Too much for me to punt at the moment. I'll probably regret not pulling the trigger.
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kimchi reacted to Lowlow in Kinesis Gold and Silver currency
I think you pays your money and you takes your chances.
I think it's important to see that a lot of things are going on here including but not limited to, (1) a block-chain currency, (2) certificates of deposit for a commodity (i.e. representative money for gold and silver deposits at what amounts to a bullion bank and the inherent counter-party risk associated with that), (3) social media promotion of a private businesses services, (4) speculation as an investor in financing a private businesses project and the associated risk/reward, (5) the realistic potential for a collapse of established systems (i.e. the dollar, U.S. debt, gold and silver commodity markets, etc), (6) the potential end of the petro-dollar (i.e. competition with the petro-yuan, for example) and efforts to decouple world markets from the risks associated with U.S. deficits and debt, (7) our position in the business cycle, the frequency and potential for a bear in various markets, and the potential for near term deflation, (8) bubbles and the madness of crowds, youth's attraction to shiny new things, the advantages of being "first" vs being well positioned, etc, and (?????, various other x factors that cannot yet be perceived) ...
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kimchi reacted to KDave in Kinesis Gold and Silver currency
All risks that come with investing in this unique space, the promised rewards are high on the blueprint which may or may not balance, it's personal. Personally, the risks were too high.
Yes the chance of reward for simply holding metal yourself will increase slightly with every success of this kind of project. As sixgun says if just one takes off properly it could force physical price discovery outside of paper market influence. It's not necessarily going to be this one that does it, I don't know how many others are attempting similar projects - not that it matters. It only takes one to be successful in that way for holders of physical to benefit.