sixgun

Wow that is an admission and a half. Is it just length or girth as well?

Well you aren't paying VAT on your gold as it is. You have a good point. Roy may come back to say the issue was not he had physical issues with storage but it was the insurance. You can hide gold away in wall socket safes, behind a skirting board like i did. Hiding away a few thousand in gold is easy if you are creative. This is the strong point with gold. When you have 100's of kilos of silver this is more difficult but still not impossible if you are creative. I have thought about sending physical to Kinesis - i would get a Holders' yield then but there are fees to send and store - i am not sure how that balances out at the moment. i think it would cost more than the yield. But it does mean you can spend the KAU / KAG's, so your value is not locked up in the metal - but don't go crazy or else you will spend too much, not be able to buy the KAU/ KAG back and then ultimately you will lose your metal.

Quite possibly a lot of packaging. So the solution is to swap out the proof boxes for raw gold, if necessary in a capsule. i once hid several £1000's of gold behind a skirting board.

i have experience of paying off people's debts and lending them money. More often than not i don't see the money again. This pisses me off when i have done them a good turn. If i were to be faced with the same situation again i would want something tangible in return, something of equivalent value. Once the debt is paid off they can have whatever back, if they don't pay back then i'll sell whatever or keep it. If they don't have anything of worth, which is likely, then unless you can deal with not getting your money back then turn your back. Claim poverty. As already mentioned if they ran up the debt in the first place they will do it again - and you won't get your money back.

Really? I asked Chat GPT how much a shoebox of gold would weigh - it said '116 kilograms' If i went to BullionbyPost a 1 kg Metalor bar of gold costs £52,558 - so 116kg x £52,558 = £6,092,728. Tell me again that storage was creating a problem to you. I remember i bought quite a lot of silver from one of the forum members who will remain nameless. He had a problem storing all his silver and was going to switch it into gold. There was quite a lot of silver but this would convert into a pocket full of gold. Now i can see such a situation where you find your silver is too much, especially as in this case his wife didn't know he had any silver and he was keeping it in a friend's safe.

The Fed has $trillions off balance sheet. The Fed and the ESF are buying the bonds - this in itself is QE++. The US went begging to China several times in recent months to buy US bonds and the Chinese said no. If there was actually a strong market in US government bonds they wouldn't have to go cap in hand to the Chinese authorities - literally begging. The market is fake. There are $trillions in debts that need refinancing. It is operation panic stations and the innevitable Fed pivot happened. Demand for actual physical gold and silver is very strong - India and China are syphoning up silver. Falls in price are paper prices. A central bank came into the spot market on 3rd December and the gold price exploded up. If there were plenty of real physical gold available to deliver why did the price shoot up to an all time high in a matter of minutes? The markets are fake and the financial journalists repeat the lies. When Jay Powell came out babbling he was talking about inflation under control, a strong lablour market, a strong US economy, strong GDP. Tame journalists ask tame questions. It is an utter joke. There is no productive US economy, that was boxed up and sent to China years ago. The US consumer is running on debt. Powell said something about the US consumer and that maybe they had got enough stuff - an embarrassed laugh came from the room. Mr Powell should have said the consumer is tapped out and skint and can't afford any stuff. i see Shadow Stats has it that cosumer inflation is 8%. i see videos on Twitter with young US people saying they can't afford to live. Powell is telling lies about a bubble world he inhabits. We had the crew on Bloomberg coming in their pants - rate cuts - more cash in the market - happy days. The prices of zombie companies going higher and higher. The gravy train continues. We are in a recession and have been since 2008. Remember they talked about the recovery - the ongoing recovery. They were talking about that for years. There never was a recovery or else the economy would have recovered. US GDP is mostly made up of government debt spending and someone else's GDP. This is why there are so many people dossing and shíttíng on the streets of every America city. As rates decline there will be cash coming out of the money markets looking for a home. That's about the only sure thing.

There are $trillions off balance sheet. QE started years before they admitted it had and never stopped. No-one is buying Treasuries - so the Fed and ESF do it and stuff the bonds into offshore accounts out of the way.

Well they are now.

i am still shuddering watching some of your videos. Bare hands. Sweet Jesus and the Holy Joseph save us.

QE to infinity and ZERP returns. The industrial base was exported and all that is left is last year's fidget spinners and pavements covered with human faeces. For anyone who can read the room this was coming. There is so much debt it had to come and the Fed claim it's b/c the economy is strong. What a pack of Jokers.

No - i bid £11.

Got a nice little chain care of @Earthmetal

Since 2011, Wall Street Mint has been a sub brand of Scottsdale Mint. Scottsdale bought it out in that year. WSM started after 9/11 and is renowned for skyline bars of NYC. The bin Laden round is a fitting addition to the 9/11 theme.

As far a silver has gone i have only ever bought secondhand silver from Atkinson's. i have managed to get some good deals in the very dim and distant past. Excepting a few specialist buys, these days i only ever buy off the forum or goldsilver.be. On my side of the channel the same coins from goldsilver.be are 103.01 € which is £88.40. - and i voted Brexit.

Some Gary Marks art rounds i got from the US recently. i have got a few others in past years. They just appeal to me. And a proof sovereign care of @AdamDutton

i have bought a few proper pirate coins which will have been pricey per ounce but i don't count them in ounces. i never stress about my coins and bars. i have never sold any, i have no idea what my average price is and i stopped counting how much i have several years ago. No point really when it was all lost in a tragic boating accident.

PM'd

But i already know i am a horrible racist xenophobic bigot - i wear this as a badge of honour and i fill up with pride that they know me so well.

US and UK work - that seems to be it. Why included the UK? i just got a VPN. i find it useful to watch TV on the computer and of course to watch geographically restricted videos. Not watched the BBC for years - there is hardly anything worth watching - it was bad when i looked at it but now it is utterly worthless - only useful to know what they are lying about.

Maguire repeated the statement that a CB came in at the open with a large spot buy order which sent price up and trigger a large number of margin calls which compounded the rise. $400 trillion? That can't be right. @HonestMoneyGoldSilver This is the video i was referring from where London Paul said China has 40 thousand tonnes of gold. i am not sure about the 600 tonnes / year of mining but if all the gold is kept inside China and most of it is state mined, you aren't likely to get accurate figures and you will never get proper figures from the controlled media. i recall an interview with Keith Neumeyer when they were talking about the annual report from the Silver Institute which he said he helped pay for - that all the numbers were made up, that no-one knew a lot of the figure and so they had to be made up. He said he was going to stop sponsoring the Institute - i notice Majestic Silver is no longer on the list of sponsors. Just this morning Maguire said that central bank buy stop orders are reaccummulating at 2050 (2068 GC) and that this was likely to become the next central bank supported stairstep level. He is talking about central banks in the market much more than i have heard in past years. i have heard him talk about a buy order level and seen price go down just short of that level and then turn up. Then he remarks that the usual suspects had come in to keep price about that level to prevent these orders being triggered. i will take it CB's are in the market. My question is not, are CB's in the market but where does all this gold come from? This is a question i have posed to Maguire and he may broadcast an answer in a future Live from the Vault video.

Yes i noticed that - not available in Spain. i turned the VPN on for the UK and it appeared. i switched to Germany and then Italy - the video is blocked. Probably something to do with the EU.

But of course - they are selling paper promises to defend the USD. For as long as people will buy those promises and there is enough physical to cover the buyers of reality, then the paper game continues. Every day that passes we get nearer the point where the big physical buyer appears and there is no gold. If the truth about who has what were actually told the paper game would be over in a heartbeat.

On a yearly basis thousands upon thousands of tonnes of gold have moved from the US / London through Swiss refiners and then on to Asia, mainly China for over a decade now. China has been hoovering up the gold in the West. Officially China mined 403 tonnes of gold in 2022 - but China has been buying much more than that. i have seen estimates from several parties that China has 40 thousand tonnes - Maguire said this at least a couple of years back and said he got this from his PRC army contacts. I know Paul from the Sirius Report has been through all the figures and has said he has been able to work out it is in the region of 40 thousand tonnes. The gold in China is held by several entities (including the army for some reason) and comes in via visible and opaque import channels. Putin is on a mission to take the dollar down - and it doesn't matter to Russia anymore b/c they have got rid of nearly all their dollars. China doesn't have nearly as many dollars are the controlled media needs to make out. Russia has a lot more gold than realised - it seems the gold from the days of the Tsar is still there - the Tsar was the richest man in the world at the time of his assassination. Both China and Russia are eyeing up a gold backed currency and so they want as much gold at bargain prices as they can get. The more gold they get, the stronger they will be and the weaker the West. He who has the gold makes the rules.

I am not explaining the run up - i am simply explaining the sudden out of the blue on a quiet Sunday evening spike - a mother of all spikes taking price to an all time high. i am not saying it was anything to do with Israel - that was just my first thoughts as price took off, before i knew about the CB coming in and placing a big tonnage order on the spot market. Maguire lives in this world. This is what happened - he will have got it from the horses' mouths. This isn't us guessing and reading guesses from technical analysts or Bloomberg journalists. No-one said it was the China - all i got was it was a central bank made a huge order in the spot market. More and more central banks have been on the buy. I hear Maguire saying CB's have orders in the spot market - and sometimes it seems this could be the likes of China and Russia. So you either accept what i have said i got from Maguire or say Maguire is a liar. Big spot market order - minutes later boom. The paper and physical markets are not in different universes - they can and do drive each other. For years - well since the early 1970's when the gold futures market was launched it was the paper market that drove the price. This is because the bets are leveraged - traders act on margin - so a small amount of cash can control a lot of paper. The physical market is more cash - less margin - if you make a spot order and demand T+2 delivery then you need all the cash. A big order on the spot market has effects in the paper market - the bullion banks are in both markets - they are often long in the spot market and hedging (short) in the futures market. It is only the shorts that get advertised as the spot market is much more opaque - the commentators are unlikely to know what is going on there - only people who are actually doing the trades will really know.

Well he ought to stick to technical analysis then. The story is not one you could derive from technical analysis so it is not his field of expertise. i got the story about the central bank coming in last night from Maguire. He deals with lots of large wholesalers and liquidity providers - people who fill these big spot market orders. They always know about these goings on b/c they are the people on the other side of these deals. Maguire has daily meetings with these people - he was meeting with them this last weekend. This story will be what happened. Certainly not hopes of a rate cut on Sunday night. My first guess of an escalation of the Israeli conflict was more likely to cause a spike - WWIII declared type of thing. When the market opened last night there was nothing much happening - then a 23:14 price started moving up a bit; by 23:17 it was picking up pace. Something hit the market which people weren't aware of and reacting to when it first opened. The price blasted off hard - this is a supply demand equation. A very big order appeared in the spot market and this had knock on effects in the futures market, which then triggered the cascade of leveraged bets getting margin calls. If there were plenty of real physical gold out there then why would it send the price up to an all time high in a matter of minutes? There clearly isn't plenty of gold around. Not if you want several tonnes in one go - delivered in T+2. Now why a CB would place an order like that at that time i'm not sure. Seems like it was deliberate to send the price to da Moon. Perhaps we should expect more of these capers in future.