adamantio999

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.

I definitely feel it's the inflation fear and for me that has certainly been the driving force over my accumulation of gold
😉

Todays prices in pounds are 2.33 times higher than the average since 1990
A pound today only buys 42.89% of what it could buy in 1990
 
While Gold in £s over a 35 year period has increased by 474.56 % 😍

Value of 1990 Turkish Lira today 
100 Lira in 1990  👉  520,071.55 in 2021 
Inflation rate = 520,071.55 %
Purchasing power 💪 an item costing 100 Lira in 1990 will now cost 520,071.55 Lira in 2021
Average annual inflation is 30.66% 🚀

I've read or heard from time to time about the slow destruction of the Turkish Lira in recent year. Process accelerated during the pandemic with a 10-15% monthly inflation. Then I came around these articles:

https://www.reuters.com/world/middle-east/turkeys-erdogan-repeats-call-citizens-convert-forex-gold-holdings-2021-03-29/

https://balkaninsight.com/2021/03/24/erdogan-urges-turks-to-sell-gold-to-support-collapsing-currency/

Erdogan wants a good old redistribution of wealth... I mean, re distribution from the people to the government.
After all, why would you ever hoard foreign currencies, or a barbaric relic of the past like gold? 😅 Give them to the financial institutions acting on behalf of the government, you will be a patriot and receive a collapsing currency in exchange. 🤔
I could never ever imagine the government having in mind their own interests before yours.
 

When was the UK longest bank holiday?    And what did we end up with when the banks reopened?
We had a run on the banks for gold sovereigns, people trying to withdraw it were accused of being unpatriotic very similar wording that Erdogan is using in Turkey today (though the gold is in the peoples possession and he wants it back) in both cases governments do not want gold in the hands of its citizens. I'm paraphrasing the bank of England "We would rather have 10 million pounds that we control than have 20 million pounds in the hands of the people that we don't" 
Answer August 3rd-6th 1914.
What did we end up with?  See picture below.
Objects of war by Kevin Clancy is a good read.
 
 

Haven't been buying for some time
 

I've read or heard from time to time about the slow destruction of the Turkish Lira in recent year. Process accelerated during the pandemic with a 10-15% monthly inflation. Then I came around these articles:

https://www.reuters.com/world/middle-east/turkeys-erdogan-repeats-call-citizens-convert-forex-gold-holdings-2021-03-29/

https://balkaninsight.com/2021/03/24/erdogan-urges-turks-to-sell-gold-to-support-collapsing-currency/

Erdogan wants a good old redistribution of wealth... I mean, re distribution from the people to the government.
After all, why would you ever hoard foreign currencies, or a barbaric relic of the past like gold? 😅 Give them to the financial institutions acting on behalf of the government, you will be a patriot and receive a collapsing currency in exchange. 🤔
I could never ever imagine the government having in mind their own interests before yours.
 

I've read or heard from time to time about the slow destruction of the Turkish Lira in recent year. Process accelerated during the pandemic with a 10-15% monthly inflation. Then I came around these articles:

https://www.reuters.com/world/middle-east/turkeys-erdogan-repeats-call-citizens-convert-forex-gold-holdings-2021-03-29/

https://balkaninsight.com/2021/03/24/erdogan-urges-turks-to-sell-gold-to-support-collapsing-currency/

Erdogan wants a good old redistribution of wealth... I mean, re distribution from the people to the government.
After all, why would you ever hoard foreign currencies, or a barbaric relic of the past like gold? 😅 Give them to the financial institutions acting on behalf of the government, you will be a patriot and receive a collapsing currency in exchange. 🤔
I could never ever imagine the government having in mind their own interests before yours.
 

I've read or heard from time to time about the slow destruction of the Turkish Lira in recent year. Process accelerated during the pandemic with a 10-15% monthly inflation. Then I came around these articles:

https://www.reuters.com/world/middle-east/turkeys-erdogan-repeats-call-citizens-convert-forex-gold-holdings-2021-03-29/

https://balkaninsight.com/2021/03/24/erdogan-urges-turks-to-sell-gold-to-support-collapsing-currency/

Erdogan wants a good old redistribution of wealth... I mean, re distribution from the people to the government.
After all, why would you ever hoard foreign currencies, or a barbaric relic of the past like gold? 😅 Give them to the financial institutions acting on behalf of the government, you will be a patriot and receive a collapsing currency in exchange. 🤔
I could never ever imagine the government having in mind their own interests before yours.
 

Thanks for sharing the links.  IMHO, this is where having a 3rd party private vaulting of precious metals in a neutral country (like Singapore, Switzerland or in the Caribbean) becomes useful.   The government can come try to confiscate, but there's nothing to take.  Your PM assets is safe and beyond the grasp of governmental overreach.  

I've read or heard from time to time about the slow destruction of the Turkish Lira in recent year. Process accelerated during the pandemic with a 10-15% monthly inflation. Then I came around these articles:

https://www.reuters.com/world/middle-east/turkeys-erdogan-repeats-call-citizens-convert-forex-gold-holdings-2021-03-29/

https://balkaninsight.com/2021/03/24/erdogan-urges-turks-to-sell-gold-to-support-collapsing-currency/

Erdogan wants a good old redistribution of wealth... I mean, re distribution from the people to the government.
After all, why would you ever hoard foreign currencies, or a barbaric relic of the past like gold? 😅 Give them to the financial institutions acting on behalf of the government, you will be a patriot and receive a collapsing currency in exchange. 🤔
I could never ever imagine the government having in mind their own interests before yours.
 

I've read or heard from time to time about the slow destruction of the Turkish Lira in recent year. Process accelerated during the pandemic with a 10-15% monthly inflation. Then I came around these articles:

https://www.reuters.com/world/middle-east/turkeys-erdogan-repeats-call-citizens-convert-forex-gold-holdings-2021-03-29/

https://balkaninsight.com/2021/03/24/erdogan-urges-turks-to-sell-gold-to-support-collapsing-currency/

Erdogan wants a good old redistribution of wealth... I mean, re distribution from the people to the government.
After all, why would you ever hoard foreign currencies, or a barbaric relic of the past like gold? 😅 Give them to the financial institutions acting on behalf of the government, you will be a patriot and receive a collapsing currency in exchange. 🤔
I could never ever imagine the government having in mind their own interests before yours.
 

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.