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Roy

Silver Premium Member
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Reputation Activity

  1. Like
    Roy got a reaction from Kookaburracollector in How is inflation effecting you in 2022?   
    I think that's it in a nutshell. Spiralling debt.
    Who is to blame though, the banks being too loose or the consumer being too greedy? I suspect both but credit really is too easy isn't it?
  2. Like
    Roy reacted to Heirlooms in Today I Received.....   
    Are there any better coin boxes out there than @Alun ones? Doubt it. Sleek, modern and quality build. Lovely way to house my Queen’s Beast bullion (plus completer 😏). I’m tempted to replace the gold completer with a platinum one seeing as its platinum jubilee year and all. Got the idea from @Stuntman. Still keep the gold one in a capsule of course. What do you think?


  3. Haha
    Roy reacted to Stuntman in Sold all my gold, got stung   
    Excellent thread resurrection.
    Lawrence, I suspect TESSA said the same to you a couple of decades earlier.  Mind you, she did offer much higher interest than LISA for the same degree of jeopardy 😀
    And apparently she liked a slow, planned withdrawal over about five years.  Sting was an early adopter 😉
  4. Like
    Roy reacted to HillWalkerDundee in In a SHTF situation what plan do you have for getting your stack from your storage space?   
    That is what happens when i get left to go to a property auction , unaccompanied , and with a cheque book. She comes with me now.. A Valentine present to me 🙂
  5. Like
  6. Haha
    Roy reacted to dikefalos in Time to drag the Royal Mint's business model in to this century?   
    I'm from foreign, my mistake. I wish him the best and hope, he takes after his mother. But let's get back to topic, is cinamon healthy?
     
  7. Like
    Roy reacted to dicker in Gold Monitoring Thread £ GBP only   
    Bitcoin down as much in pct terms as gold is up.  When the chips are down, gold is the ultimate safe haven.
  8. Haha
    Roy reacted to LawrenceChard in Time to drag the Royal Mint's business model in to this century?   
    The search for a new Metropolitan Police Commissioner is under way after the resignation of Dame Cressida ****.
    Dame Cressida said she had been left with "no choice" after London Mayor Sadiq Khan made it clear to her he had no confidence in her investigation into the Royal Mint scandal., which was recently revealed by investigative journalist Barry Woods of Berkshire.
    She said she had "agreed to stay for a short period to ensure the stability of the Mint, and its queueing system".
    Last week, the police watchdog found "disgraceful" milk spotting, discrimination and harassment among some Mint VIPs in collusion with Account Managers.
    Her successor will be appointed by the home secretary, in consultation with the mayor of London. Contenders include Anne Jessopp and David Rose.
    Source: BBC (British Bullshitting Corporation)
    Well, I feel we have to get to page 33 somehow!
    😎
  9. Haha
    Roy reacted to LawrenceChard in Time to drag the Royal Mint's business model in to this century?   
    I preferred the original version....
    ...but...
    Are we restricted to only one per customer?
    I would prefer a matching pair.
    😎
  10. Haha
    Roy reacted to Oldun in Time to drag the Royal Mint's business model in to this century?   
    Surely “how” the dealer guaranteed both coins is defined as being the agreed business arrangement between the dealer and the private owner and not any legal liability of the RM? Or am I missing something ?
    And again, if you can prove in a court of law that the RM  deliberately acted in kahoots with the said dealer (in your  claim) , with the sole and particular intention of misrepresenting itself to you (to my simple mind, clearly not provable or likely in the eyes of the law) as representatives of then all power  to you. You must have a bleeding good lawyer, as theeast end boyz would say
     
    But trust me, this will not wash in a tabloid if you are wrong, Quite the opposite. You could open yourself to a major defamatory counterclaim.
     
     
    And I know this much just by being a pleb  Gawd knows what actually major league lawyers would do…other than drain all plaintiffs bank accounts and buy all thecoins while laughingand quaffing and tipple of choice !
    But, fight the good fight Barry and if you areright, it will come out.
     
    If anything sums this marvellously indignant debate (in this 
    epic of a thread) of what is right or wrong whilst argiung amongst ourselves about the absurd, this conceptual masterpiece by Monty nails it to the wall, everytime.
     
    Oram  I missing something ?
  11. Like
    Roy reacted to apachebleu in Time to drag the Royal Mint's business model in to this century?   
    I think @BarryWoods has been getting a bit of a kicking here but for what it's worth I think he has some good points, maybe just coming across the wrong way as they are being construed as bitterness (or everyone's just trolling and having some fun winding him up...lol)
     I think a lot of this comes down to what you expect from the mint and the hobby in general. I started collecting bullion coins just to keep my money private and save. Recently I got interested in some of these rare proofs as I couldn't believe what some were fetching and thought it could be nice to have some appreciating assets, this actually then saw me becoming interested in collecting.
     I got the soverign 5 coin set but it was damaged and returned for replacement, needless to say in spite of assurances it would be replaced a couple of months later I was refunded with no warning.
     On the quartered arms release day I got a 2oz gold, called to confirm as I didn't get an email, followed up a few days later and was told it was out of stock and basically tough luck (I was lucky enough to at least get the 2 oz silver). 
     I secured a 10oz continuation set at a very fair price from a seller here who has been great to deal with however we are still waiting for the quartered arms! 
     Now with more qc issues on this 'prestigious' release that will see people with incomplete sets I have come to realise something.
     This just isn't for me, maybe older heads around here will tolerate this and its normal? However I don't need another expensive hobby that really brings me nothing but stress and honestly very little enjoyment (even if this is a good forum).
     These are very expensive luxury items and I don't think the comparisons with the likes of rolex are totally without merit, if they launched a premium watch and sent it out covered in scratches or not functioning there name would be mud. Imagine ferrari launching a new car and sending it out leaking oil everywhere with a smashed windscreen? I don't think think the people running the mint have any passion or real love for their brand, all that matters is the bottom line and while they can trade on their heritage that won't change. In truth most people don't care about proof coins so the goings on here that would be a scandal for other luxury brands will never be public enough to shame them in to getting there act together.
     I'll conclude my purchase on the gothic 10ozs as a deals a deal but in all honesty I don't really care that much about them anymore. Whether I keep them or just sell them on I don't yet know but I am just going to stick to bullion now as I really like having gold, I like the interesting designs and I apreciate not having to stress about completing series, future value etc. So I guess I am a collector still just one that doesn't real care that much for the hassle around collecting the latest shiny proofs.
     Maybe people like Barry, rather than being angry should just say its not for them and leave the scrapping over shiny stuff to those that don't mind the process. The mint won't change, the ebay flippers won't change but we can choose not to support or engage with something that just makes us cross.
     
     ...well that was long wasn't it?
     
  12. Like
    Roy got a reaction from James32 in Why hold Gold….just look at Turkey   
    Seriously? Who'd possibly exchange their gold for a currency that inflating away @ 48.7%?
    Desperate measures!
  13. Haha
    Roy got a reaction from James32 in Time to drag the Royal Mint's business model in to this century?   
    I'm getting homesick 🤣
  14. Like
    Roy got a reaction from Scaffstacker in Why hold Gold….just look at Turkey   
    Seriously? Who'd possibly exchange their gold for a currency that inflating away @ 48.7%?
    Desperate measures!
  15. Like
    Roy got a reaction from Zhorro in Why hold Gold….just look at Turkey   
    Seriously? Who'd possibly exchange their gold for a currency that inflating away @ 48.7%?
    Desperate measures!
  16. Like
    Roy reacted to CadmiumGreen in Time to drag the Royal Mint's business model in to this century?   
    Twitter avatar…tilting at windmills…
    Who would not expect secondary dealers of significantly increasing prices of high demand commems…just being involved in coin collecting for a year would give one that data point. Supply and demand…it’s real…thank you for validating capitalism.
    I was offered early access to Gothic Crown gold releases from my AM…I declined and went for the early morning routine of RM queue roulette and got the 2 oz silver. I work two careers for a living to enjoy access to the joy of PMs and numismatics…Happy. Consider these coins as retention of wealth…not investments and you will live easier. By the way, the return of investment percentage-wise in the silver release is probably significantly more than the gold.
    All I got at the moment…back to the bourbon and scotch…oh, and pre-33 gold!
  17. Like
    Roy got a reaction from MJCOIN in Why hold Gold….just look at Turkey   
    Seriously? Who'd possibly exchange their gold for a currency that inflating away @ 48.7%?
    Desperate measures!
  18. Like
    Roy reacted to SilverStorm in Why hold Gold….just look at Turkey   
    👆 lol good luck with that. Trade in gold for fiat currency?  Those guys are smoking some pretty good weed!  🤣
  19. Thanks
    Roy reacted to daca in Why hold Gold….just look at Turkey   
    Ankara hopes to convert about $25bn of the hidden metal into the currency in latest scheme

    Turkey will expand its drive to lure savers back to the lira next week with a scheme aimed at bringing billions of dollars worth of “under the mattress” gold into the banking system, the country’s finance minister told investors during a visit to London. Nureddin Nebati, who this week made his first trip to the UK since being appointed at the end of last year, said that the government hoped that 10 per cent of the estimated $250bn worth of gold kept by Turks in their homes would be converted into lira under the initiative, according to two participants at the event. Nebati said that 30,000 gold shops would play a central role in the scheme, which will build on a broader package of emergency measures unveiled in December in order to halt a freefall in the lira, which lost 44 per cent of its value against the dollar in 2021. The government had signed contracts with five gold refineries to convert jewellery handed over under the programme into gold bullion that would contribute to the country’s central bank reserves, he added. The ministry of finance declined to comment on the plan but Turkey’s state-run Anadolu news agency cited Nebati as saying that new measures would soon be announced to put “under the mattress gold into the [financial] system”. A traditional gift given for weddings and births, gold has long been a preferred way for Turks suspicious of the banking system — and their country’s history of inflation — to guard their wealth. But Turkish officials see it as part of a broader problem of “dollarisation”, or flocking to foreign currencies and precious metals, that has been a persistent source of pressure on the Turkish lira. While the new deposit schemes have had some success, attracting about $23bn in total, analysts are sceptical that they will provide a lasting solution to mistrust of the lira. Turkey has negative real interest rates of almost 35 per cent once Turkey’s inflation rate of 48.7 per cent in January is taken into account. One investor who attended one of Nebati’s group meetings said Turks’ longstanding mistrust of the lira would be hard to overcome. “Maybe if they pay a really good interest rate they can get some [interest],” he said. “But I doubt they’ll get $25bn.”
    Nebati, who was appointed in December after the resignation of his predecessor, struck a bullish tone in a series of London meetings aimed at winning back foreign investors who have fled from Turkish stocks and bonds in recent years. He defended president Recep Tayyip Erdogan’s contentious policy of keeping interest rates far below inflation, predicting that inflation would fall sharply at the end of this year. Still, attendees told the Financial Times that Nebati came across as confident and well-briefed, especially in comparison with Berat Albayrak, a former finance minister and son-in-law of Erdogan who had a testy relationship with the foreign investor community. “This guy had a pitch. He’d prepared,” said Tim Ash, an emerging markets strategist at BlueBay Asset Management. “The message was clear: foreign capital is welcome. Forget about capital controls, we’re not going to do that. That’s encouraging.” Others warned, however, that the government’s efforts to hold the lira steady through micro management tools such as the deposit scheme, rather than orthodox economics, would backfire eventually. “The determinator of the valuation of the currency is the interest rate,” said another participant. “De-dollarisation by administrative means is impossible. Maybe they can make it work for a year but after that it will blow up.”
  20. Haha
    Roy got a reaction from HerefordBullyun in Time to drag the Royal Mint's business model in to this century?   
    I'm getting homesick 🤣
  21. Haha
    Roy reacted to HerefordBullyun in Time to drag the Royal Mint's business model in to this century?   
    this one?
     
     
  22. Haha
    Roy got a reaction from GoldDiggerDave in Time to drag the Royal Mint's business model in to this century?   
    To paraphrase Mr. Carlin,
    'It's a big club and 95% of us ain't in it!'
     
  23. Haha
    Roy got a reaction from HerefordBullyun in Time to drag the Royal Mint's business model in to this century?   
    To paraphrase Mr. Carlin,
    'It's a big club and 95% of us ain't in it!'
     
  24. Haha
    Roy got a reaction from Paul in Time to drag the Royal Mint's business model in to this century?   
    To paraphrase Mr. Carlin,
    'It's a big club and 95% of us ain't in it!'
     
  25. Haha
    Roy got a reaction from James32 in Time to drag the Royal Mint's business model in to this century?   
    To paraphrase Mr. Carlin,
    'It's a big club and 95% of us ain't in it!'
     
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