bluemoon

If you only need to keep records for 7 years, what happens when you liquidate all your gold for fiat or a house 10 years after your last gold purchase? Surely they would want that explained?

3 hours ago, EdwardTeach said:

Cash is useful for taking bribes, tax avoidance and all the other illegal activities that MPs get upto behind closed doors.

Frankly the politicians can use it for bribes if they want, as long as it allows the rest of us to use cash without their state intrusion.

In a possible beacon of hope, EU MEPs have been found with huge amounts of cash in their homes. So it seems the lawmakers do see the value in cash after all and may hopefully keep it.

I don't know much about bitcoin but even that seems much better than the dystopian CBDCs. Still would rather keep cash alive though.

On 10/11/2022 at 14:19, LemmyMcGregor said:

If only there was a practical way to carry your silver with you in handy pocket denominations...

 

Indeed, but it is the governments who pulled those from circulation. Raw silver as an alternative currency accepted by merchants would take the power away from CBDC, to bring it back to the thread title.

I doubt Tesco will take silver any time soon, but community currencies can work if there is a) organisation and b) a will to do it.

The Lewes Pound is one example but so far all these community currencies have been backed up by a sterling bank account! Assuring for the normies I suppose. The difference would be to make clear that a 1g bar of silver as payment is backed up by itself.

It's a total ponzi scheme but that's because the speculators made it that way. It was only ever meant to be an alternative currency that can't be QE'd or otherwise fiddled with. It was never about getting rich. The "to the moon" lot made it an ugly scene. I never actually bought any bitcoin, it got too crazy from very early on.

That said, I do wish I'd listened to my friend in 2013 when he first told me about it. I'd be rich by now. On the other hand I'm glad I stuck to gold and silver.

If bought before CBDCs, how would this even be policed? Say you sell a Krug for £4,000 (we wish!) how would anyone know if you bought it for £50 or 3,500?

That's a helluva squeeze. A quarter of current allowance!

On 08/11/2022 at 23:21, gji25 said:

thats how you carry it around in your pocket 🤣

 

I make each 1g to be about this size:

Tiny but could work as the lowest denomination! Currently worth about 60p.

PMs were never a shield from an SHTF situation, whatever those grifting YouTubers might tell you. PMs are only a store of wealth - it really is as boring and unexciting as that. When CBDCs come along, the PMs will still store your wealth but a big shift in public consciousness would be required for PMs to be accepted as alternative payments from CBDCs. Maybe if CBDCs prove exceptionally unpopular, but I doubt the public have it in them.

It's still on there isn't it? I'm looking at my £20 right now and it says it on the Queen facing side right below where it says Bank of England. Not sure exactly what it pretends to be promising now though? 20 pounds of shrinking illusions? Now that's a promise they can keep their word on!

Reversed or not, if they give you that much grief for an innocent purchase then probably best to ditch them. I closed mine recently because it's an automated interrogation sequence to do the most basic tasks with them. I only ever signed up to the damn thing in 2004 when using eBay for the first time and they didn't take bank payments yet. Certainly not needed now. Goodbye PayPal.

2 hours ago, Bigmarc said:

I took the kids swimming on Saturday, I noticed a security camera in the bloody changing rooms! 

They see any adults including you as a potential paedophile and will say they're just looking out for your kids. They won't give you a choice to turn the camera off even if you tell them you're their dad and don't want it on. It's very Orwellian.

2 hours ago, LawrenceChard said:

Just don't use the self service checkouts.

Problem solved!

😎

I was at Tesco Express an hour ago and there wasn't a cashier in sight. It's often the case that these machines are the only way to pay for your goods. I covered the camera again. Bloody cheek of them.

Last comment from me about self service checkouts so as not to derail the thread - they now have cameras directly in your face with a big screen as though to say "we can see you up close, don't steal anything". I don't like security cameras as it is and I just about tolerate them, but having it right in your face is beyond rude. What I did yesterday is cover the lens with my hand while I scanned my stuff. Yes I know the other cameras can see me but it's the principle. I'll keep doing this, expecting a store worker to eventually ask me why I'm covering the camera. I will tell them why. These are the grossest thing I've ever experienced in a supermarket. I will keep covering them until they hopefully one day get removed.

ID must be resisted as hard as resisting a cashless society because it boils down to the same concepts. We on a forum like this all know why companies are doing it and we all know why we shouldn't let them. I really don't have sympathy for reps who cite legislation for their reasons for demanding ID. It's just not true (at least for <£7500).

It's like those new self service checkouts at Tesco which are card only, even though their previous machines could process cash just fine. It's "nudging", to use a coined phrase these days.

Vote with your wallet and take your business away from them. I'm glad there are still some dealers who play nice regarding ID, we must encourage those ones to carry on like that.

16 hours ago, gji25 said:

Silver is fractional hence the price in grams/ounces/kilo,s 

I make a gram of silver to be about 59p. Possibly doable as a currency if we wanted to do it. Not sure how we'd carry something so small in our wallets, maybe if it was coated around a copper or nickel coin.

Long thread and I haven't read it all, I'll just answer the thread title...

Unfortunately, the sheep will go with officialdom's current invention, it will be rubber stamped with ministerial press conferences and even a Royal Coat of Arms to make it ooze even more authority. That still means silver helps US as a saving method long as it retains monetary value.

What I'm worried about is the abolishment of paper cash (gold & silver used to be real cash, BTW), which means CBDCs will now know how much silver you have sold, as well as how much new silver you buy from now on. Perhaps if silver was to go fractal, we can conceivably use it to buy coffee and shoes from willing shops, and even run businesses with silver as payment. Alternative currencies are practised in parts of the UK, you might be interested to know:

https://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_Kingdom

 

I don't think the rise in GBP will start proper until the USD manipulation dam trying to hold back the floods finally breaks.

 

Platinum would be good but for the VAT. Since it doesn't offer anything all that different as a store of wealth to gold or silver, I'm sticking to those on physical and if I can make money with the low price platinum via CFDs, then that's as much as I'll play with it.

Filled them up with silver too 😁

Unfortunately the masses accept government intrusion as though it's normal, and so we are stuck with VAT among other things. Even income tax was only supposed to be a temporary war measure but a century later it is still here.

13 hours ago, Deus said:

Because you can’t buy physical silver coins for spot. 

Oh do we mean selling your gold at a bullion dealer and then buying silver with whatever money you have left? OK I get that.

I assume if trading on this forum, if you had an American Gold Eagle and you wanted to trade it for 91 Silver Eagles, you could do that. Well in North America at least.

UK would be complicated because silver has VAT style markups even trading privately.

Sorry wrong thread, please delete.