Martlet

It's certainly halted and reversed the downward march that looked heading for 2 year lows.  However the weakening £ is exaggerating the Gold/$ price which is modest rise this week. 

It's certainly halted and reversed the downward march that looked heading for 2 year lows.  However the weakening £ is exaggerating the Gold/$ price which is modest rise this week. 

Last week got the 1/4oz pig proof to complete set.
 

It's here, https://kinesis.money/en/referrals/.  

KVT are securities by any normal definition - they are designed as an investment and provide a share in revenue.  I dont know what contrivance would make it qualify as a utility.  KAU/KAG etc would be utility tokens.  Actually, thats not entirely clear as they too attract a revenue from holding.  I dont think it matters, its only relevant to US investors or few other nations where local laws restrict investment around securities.  There's a bit of an obsession about this in crypto world as it may affect the trade of some tokens for US citizens or US exchanges, though as KVT won't be freely tradable its a moot point.

https://www.gold-eagle.com/article/record-goldsilver-shorts
 
worth a skim/read. existing positions in shorts means
guaranteed buying potential as these positions will be
closed at some point in time. what constitutes a big
net short position is less of a science.
 
HH

Excellent, i've been looking for something like that. 

I really don't know if the coins are worth the investment. The coins base is silver i think the ruthenium is just some decoration. (negligible amount) just like the gold.
But there's a site with rare metals bullions. Most of that metals are used in the industry.
https://nl-rwmmint.glopalstore.com/collections/all?page=3 
 

The seemingly elusive 1/4 oz proof gold Noble.

The Laffer curve is only controversial if you call it by that name amongst left wing politicans.  If you call it a supply/demand curve no one bats an eyelid, that's essentially what it is.  The trouble is, its bang on the money.  Recent examples, the UK haven't had petrol duty prices for years because they reached the peak, and the top rate 50% income tax return less revenue than when it was reduced to 45%.  UK tax as % of GDP is down from peak-Brown, though we are above the lowest tax take of Brown era - austerity is a lie. 

The Laffer curve is only controversial if you call it by that name amongst left wing politicans.  If you call it a supply/demand curve no one bats an eyelid, that's essentially what it is.  The trouble is, its bang on the money.  Recent examples, the UK haven't had petrol duty prices for years because they reached the peak, and the top rate 50% income tax return less revenue than when it was reduced to 45%.  UK tax as % of GDP is down from peak-Brown, though we are above the lowest tax take of Brown era - austerity is a lie. 

maybe Andres is the son, maybe he doesn't exist, maybe Friedhelm doesn't exist, maybe it was all a con to start with? The Dr title to gain respectability, the disabled son to gain sympathy etc?
Who knows who you are dealing with over the internet? Maybe I'm a woman who hates sovereigns??
Nice new smilies btw

Interesting comments in Telegram overnight about the life cycle of a coin.  Revenue can only be made from those coins in circulation, why on earth would the destroyed coins be entitled to yield from them?  Open to abuse if one can mint new coins, redeem/destroy them and mint them again, receive income in perpetuity. 

This is the America the Beautiful quarter series in 90% silver. The run is from 2010 to 2021 or 2022. 
Edit: 5 different national park quarters per year. 

2018. Can’t wait for the 2019 ?

1g jobbies are more like tic tacs

The official HMRC line on crypto is that its taxed the same as any other assets.  So capital gains tax rules apply on profits made from holding cryptos, which is nice and simple.  There is a complication that the tax is calculated when you change from one asset to another, so if one sells Bitcoin for Ethereum that counts as a taxable event, not only trading Bitcoin to £.  HMRC doesn't care where the tax event occurred, so if its on an exchange in UK, Europe, US, Singapore, tax is the due if you are resident in the UK. 
Upshot of this is trades through a Isle of Man exchange are going to attract CGT if you are in the UK.  The method to avoid tax is for the assets to be owned through an offshore shell company, then tax is applied under that jurisdiction and you only pay tax to HMRC when bringing profit back onshore. 
(not professional tax advice of course, just view from research on the subject for months.)

The official HMRC line on crypto is that its taxed the same as any other assets.  So capital gains tax rules apply on profits made from holding cryptos, which is nice and simple.  There is a complication that the tax is calculated when you change from one asset to another, so if one sells Bitcoin for Ethereum that counts as a taxable event, not only trading Bitcoin to £.  HMRC doesn't care where the tax event occurred, so if its on an exchange in UK, Europe, US, Singapore, tax is the due if you are resident in the UK. 
Upshot of this is trades through a Isle of Man exchange are going to attract CGT if you are in the UK.  The method to avoid tax is for the assets to be owned through an offshore shell company, then tax is applied under that jurisdiction and you only pay tax to HMRC when bringing profit back onshore. 
(not professional tax advice of course, just view from research on the subject for months.)

Every time I see Kinesis pitched here, I like the concept but cant get past two major issues.  Firstly the dual tokens, a token offered to raise funds separate from the actual gold back tokens.  What's backing the KVT, and why so much?   Major tech driven projects are asking for $20-30m and this project asks for 10 times that.  Secondly, the claims for yield are so high, I don't see how they'll achieve the predicted volume of $850bn in year one, with impact on projections for future years.  Then consider fees must come from the holders/ themselves, so they'll need to be trading amongst themselves.  A lot.  If it was a straight bullion for crypto offering without the yield claims, it would look a lot more sensible. 

And the NGC silver results: a tad disappointed to miss the PF70 on the 2014 Britannia and the 2017 Krugerrand proof. I do have a Pf70 2014 Brit already - so cant really complain.  
PF69 Britannias 2013, 2014, 2016. 
PF69 Krugerrand 2017 
PF70 Britannia 2011. Hurrah ?, as its my second favorite design after the 2014 iconic design. 
Thanks again to Numi! 

Today I received ..... this tube of The 2013 S.S. Gairsoppa Silver Britannia Coins were the first in the Royal Mint’s S.S. Gairsoppa Silver Britannia series. Each coin has been carefully struck from actual silver recovered from the infamous S.S. Gairsoppa Shipwreck. The original 1,000 oz silver ingots recovered from the shipwreck have been refined by the Royal Mint and turned into these .999 pure 1/4 oz silver coins. These coins are available in Brilliant Uncirculated condition.
Coin Highlights:
Contains 1/4 oz of .999 pure silver.
Minted by the Royal Mint in Great Britain.
Part of the S.S. Gairsoppa series.
Available in Brilliant Uncirculated condition.
The image of Britannia has been associated with the British Isles since she was first minted on a coin in the first century AD during the reign of Roman Emperor Hadrian. Today, Britannia continues to be celebrated as a symbol of Britain’s illustrious history and might.
Each 2013 1/4 oz S.S. Gairsoppa Silver Britannia struck from S.S. Gairsoppa silver is in brand new condition and is stamped with its year, 2013. Each coin has been minted with 1/4 oz .999 pure silver. Owning this beautiful coin that is stamped with “S.S. Gairsoppa” along its outer edge is, indeed, like owning a genuine piece of British history. The obverse side of every coin showcases a profile view of Elizabeth II. The reverse, of course, reflects the beautiful image of Britannia as she stands along Britain’s shores with her helmet, trident, and shield.
 

Just had a floating frame delivered to display my gold doubloon.
"A special silicone membrane stretches around the collectible and offers a quick, unique, and reusable storage solution"
https://www.ebay.co.uk/itm/Empty-Coin-Frame-Acrylic-Box-3D-Floating-Fram-Box-7x7x2-cm-inside/112250033075?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m1438.l2649
 
 

Collecting 1888?
Why 1887 though?

Today I recieved my Coin from the monthly prize draw, the 1 oz lunar goat, over the moon with it! A massive thank you again!
Also a few pick ups over the last couple of weeks, some junk silver for the date runs, my oldest Coin an Edward III silver penny from the Canterbury mint and I have finally completed the 1887 currency set. Next to complete is the 1902-1910 Edward full sovereign date run. 

I found pictures of the larger coins before grading. The Anacs will be put in a NGC holder. The 1/2 Sov is still with Numi but he sent a pic. I show before and after. I am thrilled with MS 61