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5huggy

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    United Kingdom

Reputation Activity

  1. Like
    5huggy got a reaction from sixgun in Who’s collecting Kookaburra's...?   
    I have a few "tidy" ones" - - 😉
     

     

     
     
     

  2. Like
    5huggy got a reaction from robinvonbrex in Who’s collecting Kookaburra's...?   
    I have a few "tidy" ones" - - 😉
     

     

     
     
     

  3. Like
    5huggy got a reaction from CaptCaveMan in Complete Noob in need of help   
    @Dee, @WotNxt, @cornishrich
     
    @HawkHybrid , @Tn21, and @Pete
     have given some very sound advice 👍
     
    Just to let you know,
    I am/have been "tasked" with collating a post that will be specifically for "Newbies"  to glean information from,
    especially aimed at the sort of questions that NEW PEEPS ask! 
    Keep eyes peeled - 😉🧐
    It will be within the next couple of days and it will be added to the User Guides section 
     
     
  4. Like
    5huggy got a reaction from mr1030 in Bars Photo Thread...   
    A  while back a certain @BackyardBullion got me drooling over "BIG" bars and I got one from him - Thanks BYB 😊👍

    So it looked lonely - so I got it a "BROTHER" 

     
     
    I then went on to add a few more  "BIGGIES" - 

     
    AND MY CURRENT pièce de résistance  (Thanks to another member of the Forum)
     

     
  5. Like
    5huggy got a reaction from MaxeBaumann in Today I Received.....   
    JEEZE @Alun  I "SMELT A RAT"!!!!  🤣🤣🤣🤣🤣🤣
    and I was RAT - (sorry I meant RIGHT!!)
    BUT it looks AWESOME in its "FANTASTIC" new HOME

     

     
  6. Like
    5huggy got a reaction from MaxeBaumann in Today I Received.....   
    @Alun worked wonders to have this delivered SUPERBLY packaged - (NOT fully shown below)
    Awesome work of ART!! - Beggars belief the speed of delivery too!

     
     
     

     
     
     
     
  7. Like
    5huggy got a reaction from MaxeBaumann in Today I Received.....   
    A "MEGA" thanks goes out to @MickD for this "AWESOME" addition to my "babies"!



    SITS REALLY NICELY - ALONGSIDE its BIG Bruvver! 😉👍😍
     

     

  8. Like
    5huggy got a reaction from MaxeBaumann in Today I Received.....   
    I "PULLED" two birds today!! 😉🤣  - - - in my dreams!!!
     

     
     
  9. Like
    5huggy got a reaction from MaxeBaumann in Today I Received.....   
    Well yesterday actually! - - But mega thanks to @Alun for another "happy chappy" for a Queens Beasts 2oz Box - 
    They are downright awesome !
    Im still having issues of uploading a nice pic of the box - damned iphone 
    But what a quality box to create a beautiful display/collection
     
    Ha fixed phone!
     


  10. Thanks
    5huggy got a reaction from SidS in The Greatest Gold Quotes Of All Time?   
    To heck with it - I am posting here the WHOLE article as I think it is an awesome analysis worthy of disseminating to TSF 
    The highlights are mine! and IMHO correct!
    ***********************
    The quote in the title, “Gold Is Money, Everything Else Is Credit” is attributed to JP Morgan himself while testifying in front of Congress back in 1912 shortly before his death.  I will explore this quote because it was exactly 100% correct back then and even more pertinent today, I will explain.  Before I get to this I would like to mention a couple of things.  First, JP Morgan did not say this; he actually said, “Money is gold, nothing else.”  Secondly, back in 1912 Congress was rarely lied to if ever.  Whereas today hearing the truth is as rare as hens teeth.  Please recall our past Federal Reserve chairman Ben Bernocchio as he lied to Congress when he replied, “No” when asked if gold was money.
    JP Morgan was in my opinion trying to convey the idea (his knowledge) that gold was the money itself and everything else was a “derivative” (derived) from this money.  He understood that any currency, any debt, any equity or receipt had counterparty risk.  He understood that “promises” were made to be broken.  They could be outright broken through fraud or default or broken slowly through the debasement of a currency.  He also understood that the longer the chain of promises became, the more likely that one link in the chain would ultimately break rendering all of the links worthless.
    Fast forward 100 years and we now live in a world where nearly everything is touched by or actually is credit.  The various currencies themselves, all debt of course, stocks, real estate, commodities…everything.  Think about it, margin debt across the globe is at an all-time high.  Real estate has been borrowed against by a bigger percentage than any time in history.  Even commodities have become a “credit casino,” just ask the Chinese who have recently found out that the underlying commodities (including gold) collateral for loans may never have even existed.  Then of course we have $1.4 quadrillion with a very large “Q” of derivatives hanging over the financial world.  This is all credit and it all has counterparty risk.
    I want to be very basic here for those not up to speed yet and it’s always good to review and think about the basics for those who are.  “Counterparty” risk is the risk that whoever you are doing business with does not or cannot perform his side of the bargain.  The other party may go bankrupt themselves or someone that they do business with goes under and makes it impossible for your direct counterparty to perform.  There is of course also the risk of fraud, your counter party gets your money and runs which might cause you to not be able to perform on a contract with someone else.  It is important to understand that counterparties may fail to perform for any number of reasons and it could be any number of counterparties that the “failure” comes from.  The important thing to understand is that counterparty risk can occur out of nowhere, it can occur at any time and it can occur from places that you’ve never dreamed of.
    Why am I talking about counterparty risk?  Simple, because it exists everywhere and in almost everything we do or touch.  You go to work and you “trust” that you’ll be paid on pay day.  You put your check in the bank and you “trust” that when you return, you can retrieve the funds with a little bit of interest.  You go to the store and “trust” that they will accept your credit or debit card and that they will have the items stocked that you are looking for.  The store must have the same “trust” with their banks and suppliers.  The suppliers must trust their middlemen and banks and so do the raw producers.  This “trust” must also exist between banks, brokers, insurance companies and even central banks, treasuries and sovereign nations themselves.
    The above has always and will always be the case, the world must run on “trust” but there is now a problem.  The problem is that “credit” has engulfed the world.  And the danger that a counterparty cascade begins because the risk of a default has never been greater than it is now.  This is because leverage and debt ratios have never been higher.  It is no longer “if,” it is only a mathematical question of “when.”  Again I will go back to a question that I asked you a few weeks back, “Do you believe that the U.S. government is broke?”  A vast majority would now answer “yes” to this question whereas 6 years ago it was considered heresy to even speak about it.  If you answered yes then you are also saying that you believe the house of cards financial system that is based 100% on credit will also come down.  The derivatives chain will break and that everything financial will have a worth or “value” far lower than it does now…because of counterparty failures creating a credit contraction.  Just think back to late 2008 when even central banks became distrustful of other central banks…this next episode will be far worse.
    OK, so back to the title and quote by JP Morgan.  “Gold is money, everything else is credit.”  What he was trying to explain is that physical gold in your possession has no counterparty risk.  Gold does not “derive” its value from anything or anywhere.  Gold is value because it is money itself in the most pure and basic form.  Gold will be THE last man standing so to speak when everything falls down around it.  Not only will it still be standing, it will be standing tall because of fear and panic.  When the credit edifice comes down, people from all walks of life (including governments themselves) will seek safety.  For the past 80 years, “safety” was considered U.S. Treasury debt but… it’s different now.  It is different because the Treasury will not be seen as a safe haven but rather a place to flee from.  Gold’s “value” will benefit and rise as much of the credit created over the last 100 years seeks a place to hide.
    I know that this piece is most very basic in nature but as I mentioned earlier I believe it’s important to every once in a while “refresh” while newcomers absorb the logic.  Truly folks this is what it’s all about and why you own (or should) own gold.  The financial system is mathematically going to come down and the best position to have when this occurs is to have “money.”  Not fake money watch, not receipts or promise money…REAL money because the financial system will need to be restarted.  It will be “restarted” by those who have the money to do it, hopefully you are part of this because those who are will have legacy to forward to future generations.
  11. Like
    5huggy got a reaction from kimchi in The Queen's Beasts, or why was I on a hiatus?   
    I think! similarly! @KevinFlynn
    I chose to have some of my wealth in PM's quite a while back (Storing that wealth -purchasing power) and came to the conclusion that the traceability is why there is "War on cash"!
    We have had 1984 - "they" are just slow at implementing it!
    1/ Yes they  (the powers that be)   - can track the paperwork for the purchase!    RM, Bullion dealers, Ebay, et al - - If they should come knocking for confiscation  - I DON'T HAVE ANY!  - I sold to a guy at the pub - NOW track it!- -= - - -  its "OUT" of the  "SYSTEM"!
     
    2/ As an insurance against the financial "hiccups" like 2007/8 (Lehmans et al) -  the beauty here is  - - - if eventually the "INSURANCE" is deemed unnecessary - "You  CAN GET YOUR MONEY BACK" - - -  Try asking for your car insurance back at the end of the year, when you have not had a bump!
    Its the only money back insurance I know of!
     
    3/ I also believe less and less in the digitised world that is happening (Having been in I.T. for over 30 years)   I can use it extremely well to my advantage!      BUT SO CAN SO MANY OTHERS!  - - - - Fraudsters, Government  etc etc - - - - JUST TRY!  switch off your computer/phone/tablet - and immediately pickup your money in your hand!  
    IF you do not HOLD it you do not OWN it!
    4/ When "They" control or remove cash and it is all digitised , privacy/freedom has gone! - - - - "negative interest rates" can be implemented at the push of a button.
    Bank accounts can be locked/frozen (and there will be NOTHING you can do about it!) - - - Just ask Greeks and Cypriots!! - - (I think that was a "trial" of the ability to do it) 
    In between times I can admire and smile at my "SECURITY"  - just try holding share certificates or the digitized equivalent  So with Sunday morning rant over -I hope this will stimulate "outside the box" thinking especially younger or newbies to stacking/collecting/investing.
  12. Like
    5huggy got a reaction from Arganto in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  13. Like
    5huggy got a reaction from AussieSilverStandard in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  14. Like
    5huggy got a reaction from PushFwdNow in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  15. Like
    5huggy got a reaction from kimchi in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  16. Haha
    5huggy got a reaction from ScentSationCandles in 2021 Britannia(s) - "Ugly", You Now Have a New Entry in the Encyclopedia   
    Previous "Proof" Silver Britannia's have been cool - but I think you're right here  - - > > "YUC"!

  17. Like
    5huggy got a reaction from Bruce06 in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  18. Like
    5huggy got a reaction from Solly in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  19. Like
    5huggy got a reaction from ZigZag in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  20. Like
    5huggy got a reaction from Rugbyplayer in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  21. Like
    5huggy got a reaction from ScentSationCandles in Best silver memes   
  22. Like
    5huggy got a reaction from OldCoin in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  23. Like
  24. Like
    5huggy got a reaction from jultorsk in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

  25. Like
    5huggy got a reaction from dicker in Complete Kook Collection?   
    I hope  (pretty sure) this satisfies your drooling !😉👍🤣🤣
     
    I have a "cracker" of a set that I purchased a while back from a brill member @motorbikez
     
     

     

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