bluemoon

It sure did in 2008, dropped about 30% I think.

It sure did in 2008, dropped about 30% I think.

Def spread your assets. If I had property, I'd put some money into a loft extension or something like that, to go with the gold and silver. The other inflation protecting asset would be collectables (like art), but I don't know the foggiest thing about what art is good!
So as much as I don't like having too many eggs in one basket, I am alas heavy in the gold and silver eggs basket, in the absence of property and collectables.

Land is a good option, at the moment woodland prices are going up because big companies are snapping them up to offset their carbon credits. I don't know if they'd drop in a recession. The other thing is I'd like to buy it behind a trust or something anonymous. Apparently "Russians" (I put that in quotations because that's the media & government's excuse) are still owning major UK properties without an end user individual being identified, despite the UK bringing in new laws last year. I don't know how us small folk can accomplish that, but I'd look into it in case they seize your land for wrong think.

Def spread your assets. If I had property, I'd put some money into a loft extension or something like that, to go with the gold and silver. The other inflation protecting asset would be collectables (like art), but I don't know the foggiest thing about what art is good!
So as much as I don't like having too many eggs in one basket, I am alas heavy in the gold and silver eggs basket, in the absence of property and collectables.

Def spread your assets. If I had property, I'd put some money into a loft extension or something like that, to go with the gold and silver. The other inflation protecting asset would be collectables (like art), but I don't know the foggiest thing about what art is good!
So as much as I don't like having too many eggs in one basket, I am alas heavy in the gold and silver eggs basket, in the absence of property and collectables.

Def spread your assets. If I had property, I'd put some money into a loft extension or something like that, to go with the gold and silver. The other inflation protecting asset would be collectables (like art), but I don't know the foggiest thing about what art is good!
So as much as I don't like having too many eggs in one basket, I am alas heavy in the gold and silver eggs basket, in the absence of property and collectables.

I guess we don't. Hope the CBDC pushers dreaming of phasing out cash think of that.

I guess we don't. Hope the CBDC pushers dreaming of phasing out cash think of that.

Things have gotten so bad that at this point I will only open a new bank account if it doesn't do KYC. What's that, no such banks exist any more? What a shame, it's cash, PMs and crypto then. Maybe some barter here and there too.
My current bank I've been with since I was 6 years old and they obviously didn't KYC me back then. It's a personal current account and I use it as sparingly as possible. The more we use our bank accounts, the more likely something will trigger the algos to kick up a stick about.

I guess we don't. Hope the CBDC pushers dreaming of phasing out cash think of that.

I guess we don't. Hope the CBDC pushers dreaming of phasing out cash think of that.

I guess we don't. Hope the CBDC pushers dreaming of phasing out cash think of that.

While I haven't bought gold with crypto yet, if I did I would simply buy some crypto then pay for the gold with it. Some bullion dealers take crypto already, and I've seen some forum members take crypto. I would get the crypto from a decentralised exchange like AgoraDesk.

I used to think this way about VAT but in reality you sell the same margin premiums back so it shouldn't really make a difference if silver is bought with VAT or no VAT.

Don't they ruin everything?
Bankers, politicians, yuppies (or whatever they're called these days).

The problem is that greedy people use it AS speculation which is not what crypto supposed to be. I'd be perfectly fine with a roughly stable 1:1 bitcoin parity with the GBP, I only care to use it as a decentralised transaction method that won't be QEd, regulated or otherwise fiddled with. The greedy people looking to get rich are what ruined it.

The problem is that greedy people use it AS speculation which is not what crypto supposed to be. I'd be perfectly fine with a roughly stable 1:1 bitcoin parity with the GBP, I only care to use it as a decentralised transaction method that won't be QEd, regulated or otherwise fiddled with. The greedy people looking to get rich are what ruined it.

I personally use Wise and Revolut - both I think these days require facial ID which I hated giving - this will likely be used to give to HMRC if asked for. It was the same with the Exchanges, all suddenly started wanting proof of ID so they can link all your transaction accounts - something which CBDC's will solve for them and it can easily come with loads of caveats - like expiry limits to stop you saving, stop you spending outside of your Covid region etc along with full transparency of your purchases to levy upcoming carbon tax.
We all need to use cash where possible and boycott businesses that are cashless.

I'm pretty sure you get them margins on this forum too compared to spot, it's just eBay who have even higher margins due to all the fees on there. A cursory look at the trading section shows me about 20% markup on silver spots or more.

I'm pretty sure you get them margins on this forum too compared to spot, it's just eBay who have even higher margins due to all the fees on there. A cursory look at the trading section shows me about 20% markup on silver spots or more.

I'm pretty sure you get them margins on this forum too compared to spot, it's just eBay who have even higher margins due to all the fees on there. A cursory look at the trading section shows me about 20% markup on silver spots or more.

I'm pretty sure you get them margins on this forum too compared to spot, it's just eBay who have even higher margins due to all the fees on there. A cursory look at the trading section shows me about 20% markup on silver spots or more.

I used to think this way about VAT but in reality you sell the same margin premiums back so it shouldn't really make a difference if silver is bought with VAT or no VAT.

Would help if staff in thh bank were not clipboard indoctrinated people.