FlorinCollector

6 minutes ago, modofantasma said:

Anyone shopped for 1 Oz Tudor lion recently? Anything cheaper than about £1570 about? Was going to buy from Atkinson's and must have sold out overnight 

Please and thanks 😉

They keep coming in small batches to Atkinsons I think. 

7 hours ago, modofantasma said:

"Bail-in’ is our preferred resolution strategy for the largest banks that provide vital services to the UK economy. In a ‘bail-in’ the firm’s equity is written off, and debts written down, to absorb losses. Then it is recapitalised – the debtholders whose debt was written down are issued equity and become the new shareholders. In the medium-term, it would be restructured to address the causes of failure and restore market confidence. The firm remains open and operating throughout the resolution."

So... Who are these debtholders they speak of? 🧐

It says it will be the shareholders who will be holding the bag first not the tax payer. 
 

So when it says the debt holder will be the new share holder I guess it means those who were the existing share holders.

But why would you want to be a shareholder in a company that is winding down to end. 

https://www.bankofengland.co.uk/news/2022/june/resolvability-assessment-of-major-uk-banks-2022 interesting read

5 minutes ago, Paul said:

I had to drop some new items off at safe deposit box yesterday, so took my camera along to finally see my gold stack together - viewing room table wasn't big enough to get everything into one shot  For someone who could never hold onto money in his 20s I think Ive done OK 

motivation right there

I would keep the cash just now for better opportunities 

3 minutes ago, jultorsk said:

Thread 

 

Thank you I imagine they let countries like Italy die to save the European dream. Interesting. 

14 minutes ago, EdwardTeach said:

Looks like the FED and ECB are going to print money even faster and kick off a hyperinflation event

Could you explain this?

@CaptCaveMan Just getting started indeed.

5 hours ago, SovereignBishop said:

Exactly. If you believe in the companies which you have invested in, and why would you buy stocks of companies unless you do, now is a great opportunity to add cheap or discounted stocks.

It may seem shocking to some people but everything in the red means buy buy buy.

Instead people flock to gold near its all time high like it won’t go back down when this is all settled ?

I think I have seen 2 or 3 cycles of this now. In the end they post all of their stuff on here at a heavy loss for us to buy. 

@EdwardTeach I think people have been taught backwards. We have just spent over a year at all time highs and everyone buying like no tomorrow. This is the best time to buy. If you liked any prices since march 2020. Then these prices are a lot nicer.

@James32 Dare I say gold joining the crash 😎

16 minutes ago, Bigmarc said:

Depends if one sold a large portion of one's gold stack and bought in at £45k or not. 

Depends on ones time frame then I guess. 

7 minutes ago, dicker said:

I don’t want to derail this thread but another asset is down this weekend.  There is to an extent an inverse correlation….

Really solid correlation. Btc raised what from £3k to £50k and gold did what a gain of a couple £100 🤣

Poorly timed post. 

9 minutes ago, EdwardTeach said:

The US CPI inflation figures just came out higher than expected so people are rushing into safe havens like the dollar, metals and other commodities. It's just panic buying/selling.  Why no one saw high inflation figures coming is amazing but if you follow the MSM mainstream media type news they keep telling everyone everything is ok when it most certainly not.

Thanks for that I found a vid there talking about it. Saying all analysts had predicted lower. As usual they were all wrong.

@James32 What happened today. Somebody launch the nukes? 😂😂

3 minutes ago, James32 said:

@FlorinCollector how's things with you? 🤣

When you tag me i know it is bad 🤣🤣🆘🆘🆘

10 minutes ago, James32 said:

Thinking ahead?thank you.

I am hoping Silver is about £15 an ounce by the time I buy your ounce 😀

5 hours ago, Mrpound said:

FOMO again 🤣

they are okay in hand Chuck in the pile I guess 🤔

Went and bought one to after seeing this  

I'm calling for manipulation by @James32 it was coming down nicely. 

What the hell happened 🤣🤣

Just now, Stacktastic said:

Goody good - I have to say I did not see silver going almost to the £16's this morning. 
Hopefully gold can have a really nice drop to £320 a sov again, not bought for ages.  

That would be nice  

@James32 As the great Wonger of the forum once said. We going down. 

£1,454. Time to buy an ounce?