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Posts posted by adamantio999
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6 hours ago, bluffer said:
a few of the little known facts on there. the most obvious one is the gold, but ask folk if romania was in WW1 and the majority will not know or say no.
If I remember correctly Romania joined WW1 in 1916 (or in 1917?) alongside the allies (Britain, France, Italy, Russian Empire).
Her entrance to the war was however a disaster as she immediately suffered a combined offensive of the four central powers combined (Germany, Austria-Hungary, Bulgaria and the Ottoman Empire), that shattered the romanian army.
Although Romania (with russian intervention) managed to continue the war, lost half of it territory, including Bucharest and some of the most fertile land.
The wheat and cattle seized by the Central Powers from Romania, helped them relieve their precarious food situation, providing them enough supply for six months.
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On 25/11/2023 at 15:20, nunoelias said:
Justed wanted to ask if someone here has ever travelled by airplane while carrying gold coins.
Yes
On 25/11/2023 at 15:20, nunoelias said:Are there special procedures to consider in EU space for example? Is there a chance they will confiscate the goods or apply a fine?
I have no idea. I just carried at most one full ounce at the time, often just one or two 1/4 oz. Never been stopped at the metal detector. Had I been stopped, I would have just declared the truth, gold price is £££ per ounce, which is well below the 10K threshold
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Not keeping anything for the quarter ounces. I only keep the invoices for the full ounces, which I'm not planning to sell anytime soon, especially since they are liying at the bottom of the sea. -
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On 02/02/2022 at 07:12, GoldDiggerDave said:
I don't what this to be doom and gloom, it would be interesting to see where people are feeling the real world effects of inflation is it the supermarket, childcare, fuel prices, other effects etc and would be great for a share of information and practical advice that may benefit TSF members.
I've decided this morning to spend the whole of my savings in the bank account, in order to enjoy life with hookers and alcohol, before it's too late to afford anything. They lasted a whopping three hours.
Luckily bills are already paid, and I have more than enough food until the next payday.- Paul, GoldDiggerDave, LemmyMcGregor and 5 others
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On 24/03/2022 at 23:07, James32 said:
My best plausible guess would be 20000 members x 200oz average ( people with a few ozs..people with thousands hence average)
4 million ozs 😳🤯
We could open a central bank on our own and issue a silver backed currency 😁
Not with my silver though after the tragic boat accident.- ady, TheShinyStuff, Bxlsteve and 2 others
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Tesco and Sainsbury, in just a year.
400 gr pork sausage, from 2.5£ to 3.15£, which is +26%
500 gr pasta, from 90p to 1.20£, which is +33%
Loose oranges, from 30p each to 35p each, which is +16.6%
Gas and electricity bill goin up +35% from the 1st of april.
But don't worry, inflation is transitory.- Rains and GoldDiggerDave
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Welcome to the community
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Very interesting discussion.
14 hours ago, Tozer said:So the question is, how do you separate feelings and possessiveness over your collection?
I don't separate them. My possessiveness and my discipline was wat kept me in check from liquidating my collection.
This was before losing everything on the boat accident. Now I own nothing. -
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A good time to buy gold is at anytime. Buy regularly what you can afford, so you don't care about ups and downs in the price over the long term.
I'm not very experienced compared to many members here, but I adopted a new attitude: not measuring my wealth in currency, but in weight. Set my stacking objectives in ounces and quarter ounces. According to estimates, there is less than an ounce of gold per person above ground, as of today, so every time I add a new ounce to my collection (most likely 4 quarter ounces) in my mind I am richer than someone else will ever be.
Now my stack is buried at the bottom of the ocean. Thankfully I survived that terrible boat accident. -
Mostly 24K because I like taking a look at them. Occasionally some sovreigns on a budget.
Of course this was before losing everything in a boat accident.
- Zhorro and Happypanda88
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No.
Can't afford to buy a 2 ounce gold all at once. I try to buy quarter ounces monthly (almost).
besides, I did not even see the design -
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Good evening.
Is anyone using Safe Deposit Boxes at Sharps Pixley in London?
7 ounces of gold and 80 ounces of silver might not be a huge amount of PMs, but I start feeling uneasy keeping them at home.
I was considering the small safe deposit box at Sharps Pixely.
My only doubt is that I could only access my assets 40 hourt per week (monday to friday from 9 am to 5 pm). -
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This 2021 summer is ending (although it feels like here in UK never started). I've been able to make only two purchases during this period, which I am photographing and showing here. I believe that, with the new 2021 design, Britannias are a very cool choice.
Quarter Ounce on a budget, or Full Ounce? -
On 22/07/2021 at 21:56, Hendo said:
please do not answer this post if you feel it’s too personal please ignore it other than commenting about how rude and invasive my post is.
How rude and invasive your post is !!!! 😡🤬 Jokes aside... 🤭 I'll try to give some background.
I'm a man in my late 30s, employee, average salary, renting with a couple of colleagues (being single and with my salary I can't afford to start a mortgage for now). I don't live in the country where I was born and raised. Italian living in the UK (almost 7 years), which gives me the chance to keep my Gold/Silver in two different countries (I travel to my birthplace on holiday 2-3 times per year) and protect me against geopolitical risk. Planning to increase that protection soon, applaying for the British citizenship and passport (love being both Italian and British).
As I said recently in another topic, I came across PM randomly four years ago, thanks to Mike Malooney on youtube. It sparked my curiosity, I've never known anything about money before (despite being passionate for history). I'm always thirsty for knowledge. Since then I've never stopped putting a bigger slice of my savings into Gold and Silver. I've always been reasonably good at saving money, and all I had to do is convert it into Precious Metals. In bigger units at first, then a quarter ounce every couple of months.
The only very expensive passion I have is travelling, I try to see a new place on the other side of the planet every year (bloody pandemic, I should have gone to south america in march 2020), so it's not very difficult for me to be disciplined.
Fast forward four years I saved ten ounces of gold and some 150 ounces of silver, divided between UK and Italy in two different locations each. Some of my Britannias and American Buffalos sleep always with me at home 🤣. Yes because I see my gold/silver as my savings for the retirement, but I'm also a greedy bastard who loves to watch them and touch them 🤑. I'm also happy to have my 6 months expenses saved in cash (and in the bank account) and a limited amount of cryptocurrencies.
On 22/07/2021 at 21:56, Hendo said:I am more interested in if you have saved for a long time, if you have flipped PM for profit or if you just bought at the right time.
I never cared that much about the price. Gold has value, which is in my opinion more important than the price. I bought in 2017 at 900£ and I bought in 2021 at 1400£.
I try to be patient and play the long game. Luckily for me I have a good self control. Except when it comes to women 🤪 but we all have weaknesses. -
Started 4 years ago with gold as a way of saving in an alternative currency (Thanks Mike Maloney for introducing me to this world).
Then the passion grew up and I've started looking at silver a year after. In 2019 I bought almost only the grey metal, which I don't purchase anymore due to the premiums, switching back to gold again.
I'll be honest with you and with myself. As time progressed, I've become a collector as much as a stacker. I try to balance reasonable deals and beauty of the coins (I'm in love with the britannias new design and with the American buffalos).
I think I will be buried with some of my coins. New they are MY PRECIOUS.
I always keep a quarter ounce gold in my pocked wherever I go. I like watching it when I am alone. It reminds me of what it is real. -
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After being able to buy just a couple of quarter ounces since the start of the year, I've finally put my hands on the 1oz 2021 Gold Britannia. I must say... on the bigger full ounce, the new design looks even more stunning.
- mr1030, Fathallazf, Scaffstacker and 14 others
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2 hours ago, HerefordBullyun said:Makes you think really about history really, if it's going to repeat itself. I wonder if hugh heffner had stack of gold in his play dungeon in his playboy mansion?
There are many patterns in history repeating or rhyming themselves. One I saw very often is a goverment (democracy, dictatorship, empire or monarchy) of a powerful civilisation deciding to spend more than it could afford or collect in taxes, and deciding to "export" its financial problems by expanding its territory and subjugating other civilisations.
The example of the Nazy Germany was lampent. Its economic miracle pre WW2 was no miracle. It was currency creation and desire for "lebensraum" (living space), which pushed Hitler to invade Europe, in order to export paper reichsmarchs and steal resources and wealth (gold from their central banks) of Czechoslovakia, Poland, Norway, France, Greece, Soviet Union and so on.
We have seen may others alike.
A few weeks ago I've had a long chat with a dear friend of mine, about a topic which is, as italians, very familiar to us: the rise and fall of the Roman Empire.
From the punic wars onwards (two centuries before christ), almost every conquest of the Roman Republic was launched with the purpose of looting new territories, in order to seize their land and guarantee a flush of slaves and wealth (in the form of gold, silver, jewelry) from the defeated populations. Think about Julius Caesar. He started the Gallic wars in 58 BC as a Proconsul on the verge of bankrupcy, and 8 years later, after having hannilated the Gauls on the battlefield and looting their land (modern day France), he was one of the wealthiest man in Rome.
Then, a few years before Christ, two civil wars turned the republic into an empire. It was wide, rich, militarily powerful. And greedy.
The emperors always wanted to spend more than what he could collect in taxes. They had bureacracy to maintain, projects to build like acqueducts, arenas and roads all over the empire (never seen anithing alike later in the middle ages). And vaste armies to pay.
But there were plenty of territories to conquer. Britannia, Lusitania (portugal), Middle east, North africa, Balcans. And therefore there were plenty of slaves to bring to the empire and to put to work for free. And plenty of Gold and Silver to take from the conquered population. The endless conquests of the Empire worked very well for two centuries, as long as there were territories to occupy, in order to satisty its unquenchable thirst for "over-spending".Then around the 200 AD, the Empire reached its geographical limits. Atlantic ocean in the west. Rhine and Danube in the north. Sahara desert in the south. Parthian empire as main enemy in the east. It couldn't expand any further and it was overstretching.
No more lands, slaves, gold, silver. No more fuel for its engine. It will become known as the "crisis of third century". Because the only solution to keep overspending, was to create inflation. They relentlessly started to debase their currency, lowering its purity, melting gold and silver with worthless metals. The picture down below gives a pretty good idea.At some point inflation was out of control. In one year, while the state doubled the salary of the soldiers, the price of grain tripled.
They tried to control and lock prices. Did not work. The free market was out of control.
They divided the empire in two with two emperors, Western Roman Empire and Eastern Roman Empire (later known as Byzantine), in order to make the management of that giant easier. It helped the eastern much more than it did for the western.
After that for a century or so (from 285 to 376 AD), the empires seemed to flourish again, thanks a long series of population migrations (whom the romans called barbarians) from asia and north-eastern europe. Immigration was successfully controlled, and helped both the empires to bring in new blood, new workforce, new soldiers. They settled in, learned latin or greek, became Romans. They compensated for the foreign territories Rome had no longer the strenght to conquer.
But at some point the barbarians crossing the Danube into the empire were too many. A series of accidents sparked a war and the Goths wiped out the Eastern Roman Army ad Adrianople in 378. The East managed to remein safe after the disaster, but the Goths, just a generation after, invaded the italian peninsula, sieged and sacked Rome in 410. It was the first time in 800 years that the ethernal city was violated by a foreign power, and its days were numbered. The Western Roman Empire collapsed under the never ending barbarian invasions, and ceased to exist in 476.
The Eastern Roman Empire though, had a better geography, richer lands.
And started coining once again an hard currency made of gold and silver from the 4th century. To distinguish it from the always inflated Western denarius, they called is "SOLIDUS" (which in latin means "hard", standing for hard money).
The eastern roman empire survived another 1000 years, until 1453.
Later in the middle ages, the latin language started giving birth to the italian (my mother language).
That "SOLIDUS" started being called just "SOLDO".
And still today, SOLDO is the italian word for "money". -
Thanks for the article. Thah gold must have been another of the lootings carried on by the Wehrmacht and SS during WW2.
"Exporting" worthless paper Reichsmarchs on occupied countries, and stealing all the natural resources, agricultural output, and of course Gold.
When do you stop your stacking journey?
in Gold
Posted
I can’t, I’m addicted to the shiny stuff (can't help myself).
Also, I'm too young to stop, I'm in my late 30s and I've only started six years ago.
Also keep losing my stack in boat accidents forces me to start from scratches every now and then.