adamantio999

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.
 
 
https://www.royalmint.com/globalassets/bullion/images/products/britannia/2021/2021-britannia-gold-1oz-reverse---ukb21got-1500x1500-f3a2c67.jpg

Personally, I find it much easier to save in metals than I do in fiat, so tend to buy little and often regardless of spot price. I still get to scratch my itch to spend cash whilst saving at the same time. It's amazing how quickly it accumulates over time and the hobby brings immense enjoyment.

You know life's not going too bad when you've got to up to a larger safe deposit box
Bloody slabs and quadrum cases.
Knew I should have just stuck to bars lol

Haven't been buying for some time
 

i didn't know it was cool to say i have "physical gold or silver."
i lost all mine in a tragic boating accident.
Many here keep the metal themselves. Particularly if you have gold it is very easy to hide if you think about it.
Gold and silver are money. They have been for thousands of years. If they weren't, they wouldn't be manipulated like they are. The economic and financial data in the last couple of days should send gold and silver much higher but you see them falling off a cliff. These are the desperate thrashings of a dying animal. 
Property and stocks are in general in a bubble. Many of them will blow up. The same goes for much of the crypto. It is a craze. If the crypto token isn't part of a proper business which is starting to or actually doing business, it will fizzle out. It is like the dot com boom - lots of ideas going nowhere and on close inspection they were half baked ideas.
When inflation takes off, then property will likely take off. We will have to see what happens when furlough finishes and reality kicks in.

How is the Bank of England Inflation Calculator an indication of inflation, when they hide inflation in their metrics?

Although we hear that sinister unstoppable and all powerful forces as working in the background i am increasingly coming to the conclusion that those at the helm are simply incompetent. Their ship which most of us are sailing on, it is going to sink. Whatever they do now is pointless - it is going to sink.
No-one is manipulating your stack other than you. Just keep stacking, you know it makes sense. 
Which island are you from?

Yes it's an index chart. 
At the start of the time series on the chart, the average house price in units of gold and in units of GBP was 100 units.
At the end of the time series on the chart, the average house would still cost the same 100 units of gold, but you would now need over 10,000 units of GBP (being over 100 times as many units of GBP than you needed 70-ish years ago to buy an average house).
So the conclusion I draw from the chart is that in 2021 an average house is worth the same amount of actual physical gold as it was in 1950 or thereabouts.  So the increase in the price of gold has mirrored the house price inflation over those 70 years.
 
Interesting to note that house price inflation was faster than gold price inflation until about 1973 (i.e. the thick line is going up) - then gold goes up faster than house prices until about 1980 (i.e. the thick line is going down) - etc etc.  
With the UK housing market currently going a bit nuts, the thick line will currently be going up again.
 

The good ending to @sixgun's last post.

The bad ending.

Haven't been buying for some time
 

Got my completer coin other day only bullion but good price think its one of the best coins from rm for a fair while 

The SLV claimed it added an impossible amount of silver at the beginning of the silver squeeze.
This is when silverbacks were still in with Wall Street Bets and weren't as aware of the corruption. Then it was realised how much silver the SLV claimed to add - just impossible, so it didn't happen.

Now we see the LBMA made an 'accounting' error - miscounting - adding 3863 tonnes of silver to its claimed inventory it never had.
Funny the amount the SLV claimed to add to its inventory (which the LBMA counts in with its stash) was 3415 tonnes.
i just wonder if the SLV just made it up. It added nothing to its inventory. It was just smoke and mirrors.

The squeeze is squeezing.
 
 

If it did nothing else other than raise awareness in especially the young about the importance of holding hard physical assets with no counter party risk then it can be called a success.  the young have been conditioned to give value to digital products, just as one example their gaming is all about skins and weapons packs and digital download purchases and the games themselves are now held in a cloud library rather than physically sitting on their shelf in their own posession so if that cloud goes so does all their purchases.  The thing with you will own nothing and be happy is if you are doing nothing but renting stuff you must be renting from someone who does own it.

Thought i'd add my current stack to the thread as you can see i love a half dollar or twenty!

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".
 

good research and good read, you clearly know your stuff! Its amazing how much stuff like this is now turning fulll circle - we effectively have inherited this BS from the romans. Shame you arent a paid member as I posted some interesting historical financialy documentaries about currency collapses in the members only section.
 

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?

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.

https://www.thesun.co.uk/news/14786787/treasure-hunters-dig-crates-hitlers-gold-polish-palace-brothel/
Suprised this already hasnt been dug up and in Switzerland

Some members are waiting for a dip in the silver price before they go all in. This guy here is waiting too.