sixgun

Obsolutely yes - it cannot be repeated often enough.
i have advised beginners numerous times - do not buy gold bars. They are too easy to fake - and most certainly never buy them on ebay.

As was covered by @Seasider in the post below - non-legal tender UK coins are Chattels and so as long as they are not 'sold' in lots of more than £6000 or in linked transactions to the same person of more than £6k or sold to linked people, then they are not declared for tax purposes.
i brought up the topic of chattels and that a lot of the coins and bars members sell fall outside of CGT and can be ignored - seasider refined and corrected my interpretation on what i had found. This is a subject all UK tax residents on the forum should take note of and study. With planning in purchases and disposals there really should be relatively few occassions CGT need to incurred.
Coins (including pre- 1837 sovereigns) which are not legal tender are not currency. They are chattels and qualify for the chattels exemption in TCGA92/S262. A gain on such a coin is therefore exempt if the disposal consideration does not exceed the limit in CG76573. You should bear in mind the possibility that the disposal of more than one coin may constitute the disposal of a `set’, see CG76631+.
The chattels exemption does not apply to coins which are non-sterling currency, TCGA92/S262 (6)(b)."

You start by saying you want low priced silver to use to barter / trade for small amounts.
As we aren't in a Mad Max society quite yet why not use cash?
Gold back notes are collector / novelty items - they have high premiums. Some people collect them on the forum. i have never been interested b/c they seem like a faddish frippery to me. Certainly not something you might use in a cost effective way to barter. 
You mention topics like ETF's, the LSE, registering for VAT - i thought you wanted a few bits of low priced silver to use to barter in small amounts.
How do you know the other party wants silver and what sort of price they are willing to take it from you?
Coins are a good way to hold silver - there is a known amount of silver with a presentation you might recognise and check. 
Even milk spotted scrappy coins now go for a few pounds over spot on TSF. The nearest you are going to get to spot is old Sterling silver items which come up from time-to-time. Members do sell this for spot and unless you can get a better price for the actual silver item, a dealer will give you less than spot - the silver would need to be refined which all comes at a cost.
Personally i am not very convinced with the idea of bartering - i question whether it will happen at all or more than the odd time. Ideas like bartering silver for eggs, milk and a sheep with a local farmer are in Bunker Bill's dreamland and not the real world, even Mad Max World. 

Well i presume you understand that fiat currency, is currency by decree. It is the currency and has a value and has a symbol because the government says it has, not because it really does.
Most of the Western fiat monetary systems are bankrupt. The debt that has piled up by reckless fiat money printing can never be paid off. All fiat has historically gone to zero.
So members of TSF like collecting gold / silver coins and bars as a hobby - they love shiney coins and stuff and take them as their personal possessions, their chattels. I say this b/c broadly speaking the sale of chattels in the UK doesn't attract CGT liabilities (IMO). But anyway they collect gold and silver coins. Members know fiat is shlt and goes down in value all the time. They want to preserve their purchasing power and maybe make a bit more over time. This is the point of owning physical gold and silver.
Now the problem in a modern age is physical gold and silver are impractical. I cannot buy something on ebay, i can't go to the shops, i can't easily send value to Auntie Mary in Milan. How am i going to get change for a box of matches if i tender a 1 oz Perth Mint gold coin? It doesn't work. However i can with digital - i can send it with the click of a mouse, a tap on my phone, a swipe of a card. 
I know the Kinesis Monetary System well so i will mainly talk about that - it was born Downunder. There are digital tokens which are title of ownership over physically vaulted metal, 1:1 backing. If i collect enough tokens and i decide to i can redeem the tokens for the metal behind them. Having a system like that does not take away the value of the metal. Indeed gold and silver will take on a new lease of life. I can buy metal with the tokens in the shops. The token value is backed up by the metal vaule and to some extent the metal value is backed up by the tokens' utility if digital gold becomes very widespread. With Kinesis within minimum limits you can also deposit your actual coins and bars in the KMS and they are converted into tokens by metal weight. You still have claim on your metal - but you can spend the tokens and as long as you don't fall below certain limits within fix time periods you will always have all those specific coins in your account and against your name, to be reclaimed when you want to.
So here we have a system where your gold and silver is converted to money you can instantly access without actually selling your treasure. The Texas state depository won't be as flexible i don't suppose but as that system is rolled out, Texans will still keep their coins and bars and they will still have value. Indeed with the full frontal monetisation of the metals the value of the metals will almost certainly go up.
The value of different precious metal money system tokens are easily comparable. If a BRICS Monaro (i made that name up) were 1 gram and a KAU is one gram, they are the same - plus or minus how the integrity of the system is viewed plus or minus any differences in utlity value.
What is to stop them saying it is illegal to own gold? What are they going to do - kick the door in and search your house?
If a government did that with the world adopting gold and silver digital currencies, then you know you are in the wrong country - it has gone full retard, gone rogue and you need to skedaddle. The country will be in chaos with the walls and ceiling falling in.

People often say what is to stop them doing XYZ? - well firstly in a place like Australia the people should have a lawful rebellion and clear out all the vermin in parliament. You should know from COVID the politicians in Australia are mainly pondlife, scum not fit for purpose. They are employed by you to serve the people, they are not slavemasters. If the people say no and kick back it is all over in a heartbeat and should be followed by a festival of hemp neckties. 

Gold and silver digital currencies on blockchain rails are coming - they are here - it is unstoppable - once BRICS flicks the switch we are off to the races. Gold and silver prices will start to reset and with Texas on the buy for $billions closely followed by several other US states - plus BRICS and the streetlong queue of countries applying to get in - control of the metals market will be taken from London / NYC. Their toilet paper contracts will be seen as just that and flushed away. Russia is developing her gold exchange, we have the one in Shanghai, Dubai will be a world gold hub. The jig is up. So many reasons for stacking metal right now. It only takes Beijing to say we have reset the gold price and it is done. They only need to say we sold and repurchased our 40 000 tonnes of gold at the 35 000 Yuan (about $5000) an ounce and we are backing the trade yuan or whatever it will be and it is done. They don't need to ask permission - He who has the gold makes the rules. The world is changing very fast and the West no longer has the upperhand.
 

This comes from the HMRC manual (CG78305)
 
"Foreign currency
Currency may take the form of notes, coins or travellers cheques.
You may need to determine the location of currency if you are dealing with an individual charged on the remittance basis, see CG25300+. There is no rule in TCGA92/S275 specifically governing the location of currency. You should apply the rule in Section 275 (b) for tangible moveable property.
Coins are to be regarded as currency only if they are legal tender at the time of their acquisition or disposal. Coins which are currency but not sterling, for example Krugerrands, are chargeable assets.
Sovereigns minted in 1837 and later years and Britannia gold coins are currency but, like all sterling currency, are exempt because of TCGA92/S21 (1)(b).
Coins (including pre- 1837 sovereigns) which are not legal tender are not currency. They are chattels and qualify for the chattels exemption in TCGA92/S262. A gain on such a coin is therefore exempt if the disposal consideration does not exceed the limit in CG76573. You should bear in mind the possibility that the disposal of more than one coin may constitute the disposal of a `set’, see CG76631+.
The chattels exemption does not apply to coins which are non-sterling currency, TCGA92/S262 (6)(b)."
and then a bit from CG76573
"There is no chargeable gain on the disposal of a single chattel (tangible moveable property) if the gross consideration does not exceed £6,000.
Where the consideration exceeds £6,000 the chargeable gain may be restricted, see CG76577."

To be fair the coin looks clipped. i think most of the coins got nibbled at.
The weight of the penny should be 0.66g. If i take it to be Sterling silver you'd get 51 to the ounce and a penny in 1270 had a purchasing power of £3 today.
https://www.nationalarchives.gov.uk/currency-converter/
If we assume the value on the coin was inline with the value of the metal it would suggest silver should be £150 / oz. 

When USDT dies Lord help us - a Ponzi scheme jacked up to the sky.

Here we are in agreement once more. I've posted links to the Texan bill several times over the past 2 months btw
And yes, BTC was created by DARPA or the central authorities as a psy-op against the masses. The reason "Satoshi Nakamoto" doesn't exist and why there is 616 BTC sitting there unused is because BTC and that wallet were created by a government worker who filed away the cryptographic keys. They are sitting in the bowels of some top-secret US archive
I find it equally ironic and infuriating that so many "liberal minds" and "independent thinkers" adopt BTC as an act of rebellion against the central authorities when this is precisely what they had in mind from the beginning - the precursor to a digital CBDC. Are the youngsters today going to protest against the CBDC when it comes with climate strings attached, with covid passports attached, with digital IDs attached, with free benefits like university, housing benefit and universal credit? No, they will swallow the blue pill and criticise those who took the red pill

And this is why we WILL see gold and silver currencies on blockchain rails. This is happening - it is official. 
 
i do not know and haven't cared to independantly investigate this but this is what i have heard. 

Alphabet agencies are very likely behind BTC - as early as 1996 we see this NSA document.

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH

i don't have much to any interest in BTC - it is a speculation - it isn't money. Money needs to be stable to be usable. BTC from a commercial point of view is useless. It is what it is and some people are fans. Let them be fans but as a matter of fact precious metals money on blockchain rails has arrived and it is probably a good idea for precious metal stackers to be aware it has entered the station with a multi trillion horsepower engine.

When USDT dies Lord help us - a Ponzi scheme jacked up to the sky.

And this is why we WILL see gold and silver currencies on blockchain rails. This is happening - it is official. 
 
i do not know and haven't cared to independantly investigate this but this is what i have heard. 

Alphabet agencies are very likely behind BTC - as early as 1996 we see this NSA document.

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH

i don't have much to any interest in BTC - it is a speculation - it isn't money. Money needs to be stable to be usable. BTC from a commercial point of view is useless. It is what it is and some people are fans. Let them be fans but as a matter of fact precious metals money on blockchain rails has arrived and it is probably a good idea for precious metal stackers to be aware it has entered the station with a multi trillion horsepower engine.

When USDT dies Lord help us - a Ponzi scheme jacked up to the sky.

And this is why we WILL see gold and silver currencies on blockchain rails. This is happening - it is official. 
 
i do not know and haven't cared to independantly investigate this but this is what i have heard. 

Alphabet agencies are very likely behind BTC - as early as 1996 we see this NSA document.

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH

i don't have much to any interest in BTC - it is a speculation - it isn't money. Money needs to be stable to be usable. BTC from a commercial point of view is useless. It is what it is and some people are fans. Let them be fans but as a matter of fact precious metals money on blockchain rails has arrived and it is probably a good idea for precious metal stackers to be aware it has entered the station with a multi trillion horsepower engine.

Most of the BTC is controlled by a handful of wallets. 

And this is why we WILL see gold and silver currencies on blockchain rails. This is happening - it is official. 
 
i do not know and haven't cared to independantly investigate this but this is what i have heard. 

Alphabet agencies are very likely behind BTC - as early as 1996 we see this NSA document.

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH

i don't have much to any interest in BTC - it is a speculation - it isn't money. Money needs to be stable to be usable. BTC from a commercial point of view is useless. It is what it is and some people are fans. Let them be fans but as a matter of fact precious metals money on blockchain rails has arrived and it is probably a good idea for precious metal stackers to be aware it has entered the station with a multi trillion horsepower engine.

Most of the BTC is controlled by a handful of wallets. 

Most of the BTC is controlled by a handful of wallets. 

5 years in kinesis, they have made huge successes in the digital gold and silver space. The partnerships they have are top draw, forward thinking countries and companies.
Security is best in class. Vaulting is free and I receive yields for my account activity, just to name a few of the attributes of their system. 
I was talking to a PM stacker the other week about Kinesis, they took a look. When I saw them again they said, No that's not for me, If you don't hold it, you don't own it was his mantra. So I said you've been stacking for years, you must have loads, surely you don't keep it in the house, no he replied I vault it. So his mantra had a flaw. He had to trust a third party.
Why not Kinesis. 

Well i presume you understand that fiat currency, is currency by decree. It is the currency and has a value and has a symbol because the government says it has, not because it really does.
Most of the Western fiat monetary systems are bankrupt. The debt that has piled up by reckless fiat money printing can never be paid off. All fiat has historically gone to zero.
So members of TSF like collecting gold / silver coins and bars as a hobby - they love shiney coins and stuff and take them as their personal possessions, their chattels. I say this b/c broadly speaking the sale of chattels in the UK doesn't attract CGT liabilities (IMO). But anyway they collect gold and silver coins. Members know fiat is shlt and goes down in value all the time. They want to preserve their purchasing power and maybe make a bit more over time. This is the point of owning physical gold and silver.
Now the problem in a modern age is physical gold and silver are impractical. I cannot buy something on ebay, i can't go to the shops, i can't easily send value to Auntie Mary in Milan. How am i going to get change for a box of matches if i tender a 1 oz Perth Mint gold coin? It doesn't work. However i can with digital - i can send it with the click of a mouse, a tap on my phone, a swipe of a card. 
I know the Kinesis Monetary System well so i will mainly talk about that - it was born Downunder. There are digital tokens which are title of ownership over physically vaulted metal, 1:1 backing. If i collect enough tokens and i decide to i can redeem the tokens for the metal behind them. Having a system like that does not take away the value of the metal. Indeed gold and silver will take on a new lease of life. I can buy metal with the tokens in the shops. The token value is backed up by the metal vaule and to some extent the metal value is backed up by the tokens' utility if digital gold becomes very widespread. With Kinesis within minimum limits you can also deposit your actual coins and bars in the KMS and they are converted into tokens by metal weight. You still have claim on your metal - but you can spend the tokens and as long as you don't fall below certain limits within fix time periods you will always have all those specific coins in your account and against your name, to be reclaimed when you want to.
So here we have a system where your gold and silver is converted to money you can instantly access without actually selling your treasure. The Texas state depository won't be as flexible i don't suppose but as that system is rolled out, Texans will still keep their coins and bars and they will still have value. Indeed with the full frontal monetisation of the metals the value of the metals will almost certainly go up.
The value of different precious metal money system tokens are easily comparable. If a BRICS Monaro (i made that name up) were 1 gram and a KAU is one gram, they are the same - plus or minus how the integrity of the system is viewed plus or minus any differences in utlity value.
What is to stop them saying it is illegal to own gold? What are they going to do - kick the door in and search your house?
If a government did that with the world adopting gold and silver digital currencies, then you know you are in the wrong country - it has gone full retard, gone rogue and you need to skedaddle. The country will be in chaos with the walls and ceiling falling in.

People often say what is to stop them doing XYZ? - well firstly in a place like Australia the people should have a lawful rebellion and clear out all the vermin in parliament. You should know from COVID the politicians in Australia are mainly pondlife, scum not fit for purpose. They are employed by you to serve the people, they are not slavemasters. If the people say no and kick back it is all over in a heartbeat and should be followed by a festival of hemp neckties. 

Gold and silver digital currencies on blockchain rails are coming - they are here - it is unstoppable - once BRICS flicks the switch we are off to the races. Gold and silver prices will start to reset and with Texas on the buy for $billions closely followed by several other US states - plus BRICS and the streetlong queue of countries applying to get in - control of the metals market will be taken from London / NYC. Their toilet paper contracts will be seen as just that and flushed away. Russia is developing her gold exchange, we have the one in Shanghai, Dubai will be a world gold hub. The jig is up. So many reasons for stacking metal right now. It only takes Beijing to say we have reset the gold price and it is done. They only need to say we sold and repurchased our 40 000 tonnes of gold at the 35 000 Yuan (about $5000) an ounce and we are backing the trade yuan or whatever it will be and it is done. They don't need to ask permission - He who has the gold makes the rules. The world is changing very fast and the West no longer has the upperhand.
 

Well i presume you understand that fiat currency, is currency by decree. It is the currency and has a value and has a symbol because the government says it has, not because it really does.
Most of the Western fiat monetary systems are bankrupt. The debt that has piled up by reckless fiat money printing can never be paid off. All fiat has historically gone to zero.
So members of TSF like collecting gold / silver coins and bars as a hobby - they love shiney coins and stuff and take them as their personal possessions, their chattels. I say this b/c broadly speaking the sale of chattels in the UK doesn't attract CGT liabilities (IMO). But anyway they collect gold and silver coins. Members know fiat is shlt and goes down in value all the time. They want to preserve their purchasing power and maybe make a bit more over time. This is the point of owning physical gold and silver.
Now the problem in a modern age is physical gold and silver are impractical. I cannot buy something on ebay, i can't go to the shops, i can't easily send value to Auntie Mary in Milan. How am i going to get change for a box of matches if i tender a 1 oz Perth Mint gold coin? It doesn't work. However i can with digital - i can send it with the click of a mouse, a tap on my phone, a swipe of a card. 
I know the Kinesis Monetary System well so i will mainly talk about that - it was born Downunder. There are digital tokens which are title of ownership over physically vaulted metal, 1:1 backing. If i collect enough tokens and i decide to i can redeem the tokens for the metal behind them. Having a system like that does not take away the value of the metal. Indeed gold and silver will take on a new lease of life. I can buy metal with the tokens in the shops. The token value is backed up by the metal vaule and to some extent the metal value is backed up by the tokens' utility if digital gold becomes very widespread. With Kinesis within minimum limits you can also deposit your actual coins and bars in the KMS and they are converted into tokens by metal weight. You still have claim on your metal - but you can spend the tokens and as long as you don't fall below certain limits within fix time periods you will always have all those specific coins in your account and against your name, to be reclaimed when you want to.
So here we have a system where your gold and silver is converted to money you can instantly access without actually selling your treasure. The Texas state depository won't be as flexible i don't suppose but as that system is rolled out, Texans will still keep their coins and bars and they will still have value. Indeed with the full frontal monetisation of the metals the value of the metals will almost certainly go up.
The value of different precious metal money system tokens are easily comparable. If a BRICS Monaro (i made that name up) were 1 gram and a KAU is one gram, they are the same - plus or minus how the integrity of the system is viewed plus or minus any differences in utlity value.
What is to stop them saying it is illegal to own gold? What are they going to do - kick the door in and search your house?
If a government did that with the world adopting gold and silver digital currencies, then you know you are in the wrong country - it has gone full retard, gone rogue and you need to skedaddle. The country will be in chaos with the walls and ceiling falling in.

People often say what is to stop them doing XYZ? - well firstly in a place like Australia the people should have a lawful rebellion and clear out all the vermin in parliament. You should know from COVID the politicians in Australia are mainly pondlife, scum not fit for purpose. They are employed by you to serve the people, they are not slavemasters. If the people say no and kick back it is all over in a heartbeat and should be followed by a festival of hemp neckties. 

Gold and silver digital currencies on blockchain rails are coming - they are here - it is unstoppable - once BRICS flicks the switch we are off to the races. Gold and silver prices will start to reset and with Texas on the buy for $billions closely followed by several other US states - plus BRICS and the streetlong queue of countries applying to get in - control of the metals market will be taken from London / NYC. Their toilet paper contracts will be seen as just that and flushed away. Russia is developing her gold exchange, we have the one in Shanghai, Dubai will be a world gold hub. The jig is up. So many reasons for stacking metal right now. It only takes Beijing to say we have reset the gold price and it is done. They only need to say we sold and repurchased our 40 000 tonnes of gold at the 35 000 Yuan (about $5000) an ounce and we are backing the trade yuan or whatever it will be and it is done. They don't need to ask permission - He who has the gold makes the rules. The world is changing very fast and the West no longer has the upperhand.
 

Well i presume you understand that fiat currency, is currency by decree. It is the currency and has a value and has a symbol because the government says it has, not because it really does.
Most of the Western fiat monetary systems are bankrupt. The debt that has piled up by reckless fiat money printing can never be paid off. All fiat has historically gone to zero.
So members of TSF like collecting gold / silver coins and bars as a hobby - they love shiney coins and stuff and take them as their personal possessions, their chattels. I say this b/c broadly speaking the sale of chattels in the UK doesn't attract CGT liabilities (IMO). But anyway they collect gold and silver coins. Members know fiat is shlt and goes down in value all the time. They want to preserve their purchasing power and maybe make a bit more over time. This is the point of owning physical gold and silver.
Now the problem in a modern age is physical gold and silver are impractical. I cannot buy something on ebay, i can't go to the shops, i can't easily send value to Auntie Mary in Milan. How am i going to get change for a box of matches if i tender a 1 oz Perth Mint gold coin? It doesn't work. However i can with digital - i can send it with the click of a mouse, a tap on my phone, a swipe of a card. 
I know the Kinesis Monetary System well so i will mainly talk about that - it was born Downunder. There are digital tokens which are title of ownership over physically vaulted metal, 1:1 backing. If i collect enough tokens and i decide to i can redeem the tokens for the metal behind them. Having a system like that does not take away the value of the metal. Indeed gold and silver will take on a new lease of life. I can buy metal with the tokens in the shops. The token value is backed up by the metal vaule and to some extent the metal value is backed up by the tokens' utility if digital gold becomes very widespread. With Kinesis within minimum limits you can also deposit your actual coins and bars in the KMS and they are converted into tokens by metal weight. You still have claim on your metal - but you can spend the tokens and as long as you don't fall below certain limits within fix time periods you will always have all those specific coins in your account and against your name, to be reclaimed when you want to.
So here we have a system where your gold and silver is converted to money you can instantly access without actually selling your treasure. The Texas state depository won't be as flexible i don't suppose but as that system is rolled out, Texans will still keep their coins and bars and they will still have value. Indeed with the full frontal monetisation of the metals the value of the metals will almost certainly go up.
The value of different precious metal money system tokens are easily comparable. If a BRICS Monaro (i made that name up) were 1 gram and a KAU is one gram, they are the same - plus or minus how the integrity of the system is viewed plus or minus any differences in utlity value.
What is to stop them saying it is illegal to own gold? What are they going to do - kick the door in and search your house?
If a government did that with the world adopting gold and silver digital currencies, then you know you are in the wrong country - it has gone full retard, gone rogue and you need to skedaddle. The country will be in chaos with the walls and ceiling falling in.

People often say what is to stop them doing XYZ? - well firstly in a place like Australia the people should have a lawful rebellion and clear out all the vermin in parliament. You should know from COVID the politicians in Australia are mainly pondlife, scum not fit for purpose. They are employed by you to serve the people, they are not slavemasters. If the people say no and kick back it is all over in a heartbeat and should be followed by a festival of hemp neckties. 

Gold and silver digital currencies on blockchain rails are coming - they are here - it is unstoppable - once BRICS flicks the switch we are off to the races. Gold and silver prices will start to reset and with Texas on the buy for $billions closely followed by several other US states - plus BRICS and the streetlong queue of countries applying to get in - control of the metals market will be taken from London / NYC. Their toilet paper contracts will be seen as just that and flushed away. Russia is developing her gold exchange, we have the one in Shanghai, Dubai will be a world gold hub. The jig is up. So many reasons for stacking metal right now. It only takes Beijing to say we have reset the gold price and it is done. They only need to say we sold and repurchased our 40 000 tonnes of gold at the 35 000 Yuan (about $5000) an ounce and we are backing the trade yuan or whatever it will be and it is done. They don't need to ask permission - He who has the gold makes the rules. The world is changing very fast and the West no longer has the upperhand.
 

Well i presume you understand that fiat currency, is currency by decree. It is the currency and has a value and has a symbol because the government says it has, not because it really does.
Most of the Western fiat monetary systems are bankrupt. The debt that has piled up by reckless fiat money printing can never be paid off. All fiat has historically gone to zero.
So members of TSF like collecting gold / silver coins and bars as a hobby - they love shiney coins and stuff and take them as their personal possessions, their chattels. I say this b/c broadly speaking the sale of chattels in the UK doesn't attract CGT liabilities (IMO). But anyway they collect gold and silver coins. Members know fiat is shlt and goes down in value all the time. They want to preserve their purchasing power and maybe make a bit more over time. This is the point of owning physical gold and silver.
Now the problem in a modern age is physical gold and silver are impractical. I cannot buy something on ebay, i can't go to the shops, i can't easily send value to Auntie Mary in Milan. How am i going to get change for a box of matches if i tender a 1 oz Perth Mint gold coin? It doesn't work. However i can with digital - i can send it with the click of a mouse, a tap on my phone, a swipe of a card. 
I know the Kinesis Monetary System well so i will mainly talk about that - it was born Downunder. There are digital tokens which are title of ownership over physically vaulted metal, 1:1 backing. If i collect enough tokens and i decide to i can redeem the tokens for the metal behind them. Having a system like that does not take away the value of the metal. Indeed gold and silver will take on a new lease of life. I can buy metal with the tokens in the shops. The token value is backed up by the metal vaule and to some extent the metal value is backed up by the tokens' utility if digital gold becomes very widespread. With Kinesis within minimum limits you can also deposit your actual coins and bars in the KMS and they are converted into tokens by metal weight. You still have claim on your metal - but you can spend the tokens and as long as you don't fall below certain limits within fix time periods you will always have all those specific coins in your account and against your name, to be reclaimed when you want to.
So here we have a system where your gold and silver is converted to money you can instantly access without actually selling your treasure. The Texas state depository won't be as flexible i don't suppose but as that system is rolled out, Texans will still keep their coins and bars and they will still have value. Indeed with the full frontal monetisation of the metals the value of the metals will almost certainly go up.
The value of different precious metal money system tokens are easily comparable. If a BRICS Monaro (i made that name up) were 1 gram and a KAU is one gram, they are the same - plus or minus how the integrity of the system is viewed plus or minus any differences in utlity value.
What is to stop them saying it is illegal to own gold? What are they going to do - kick the door in and search your house?
If a government did that with the world adopting gold and silver digital currencies, then you know you are in the wrong country - it has gone full retard, gone rogue and you need to skedaddle. The country will be in chaos with the walls and ceiling falling in.

People often say what is to stop them doing XYZ? - well firstly in a place like Australia the people should have a lawful rebellion and clear out all the vermin in parliament. You should know from COVID the politicians in Australia are mainly pondlife, scum not fit for purpose. They are employed by you to serve the people, they are not slavemasters. If the people say no and kick back it is all over in a heartbeat and should be followed by a festival of hemp neckties. 

Gold and silver digital currencies on blockchain rails are coming - they are here - it is unstoppable - once BRICS flicks the switch we are off to the races. Gold and silver prices will start to reset and with Texas on the buy for $billions closely followed by several other US states - plus BRICS and the streetlong queue of countries applying to get in - control of the metals market will be taken from London / NYC. Their toilet paper contracts will be seen as just that and flushed away. Russia is developing her gold exchange, we have the one in Shanghai, Dubai will be a world gold hub. The jig is up. So many reasons for stacking metal right now. It only takes Beijing to say we have reset the gold price and it is done. They only need to say we sold and repurchased our 40 000 tonnes of gold at the 35 000 Yuan (about $5000) an ounce and we are backing the trade yuan or whatever it will be and it is done. They don't need to ask permission - He who has the gold makes the rules. The world is changing very fast and the West no longer has the upperhand.
 

Well i presume you understand that fiat currency, is currency by decree. It is the currency and has a value and has a symbol because the government says it has, not because it really does.
Most of the Western fiat monetary systems are bankrupt. The debt that has piled up by reckless fiat money printing can never be paid off. All fiat has historically gone to zero.
So members of TSF like collecting gold / silver coins and bars as a hobby - they love shiney coins and stuff and take them as their personal possessions, their chattels. I say this b/c broadly speaking the sale of chattels in the UK doesn't attract CGT liabilities (IMO). But anyway they collect gold and silver coins. Members know fiat is shlt and goes down in value all the time. They want to preserve their purchasing power and maybe make a bit more over time. This is the point of owning physical gold and silver.
Now the problem in a modern age is physical gold and silver are impractical. I cannot buy something on ebay, i can't go to the shops, i can't easily send value to Auntie Mary in Milan. How am i going to get change for a box of matches if i tender a 1 oz Perth Mint gold coin? It doesn't work. However i can with digital - i can send it with the click of a mouse, a tap on my phone, a swipe of a card. 
I know the Kinesis Monetary System well so i will mainly talk about that - it was born Downunder. There are digital tokens which are title of ownership over physically vaulted metal, 1:1 backing. If i collect enough tokens and i decide to i can redeem the tokens for the metal behind them. Having a system like that does not take away the value of the metal. Indeed gold and silver will take on a new lease of life. I can buy metal with the tokens in the shops. The token value is backed up by the metal vaule and to some extent the metal value is backed up by the tokens' utility if digital gold becomes very widespread. With Kinesis within minimum limits you can also deposit your actual coins and bars in the KMS and they are converted into tokens by metal weight. You still have claim on your metal - but you can spend the tokens and as long as you don't fall below certain limits within fix time periods you will always have all those specific coins in your account and against your name, to be reclaimed when you want to.
So here we have a system where your gold and silver is converted to money you can instantly access without actually selling your treasure. The Texas state depository won't be as flexible i don't suppose but as that system is rolled out, Texans will still keep their coins and bars and they will still have value. Indeed with the full frontal monetisation of the metals the value of the metals will almost certainly go up.
The value of different precious metal money system tokens are easily comparable. If a BRICS Monaro (i made that name up) were 1 gram and a KAU is one gram, they are the same - plus or minus how the integrity of the system is viewed plus or minus any differences in utlity value.
What is to stop them saying it is illegal to own gold? What are they going to do - kick the door in and search your house?
If a government did that with the world adopting gold and silver digital currencies, then you know you are in the wrong country - it has gone full retard, gone rogue and you need to skedaddle. The country will be in chaos with the walls and ceiling falling in.

People often say what is to stop them doing XYZ? - well firstly in a place like Australia the people should have a lawful rebellion and clear out all the vermin in parliament. You should know from COVID the politicians in Australia are mainly pondlife, scum not fit for purpose. They are employed by you to serve the people, they are not slavemasters. If the people say no and kick back it is all over in a heartbeat and should be followed by a festival of hemp neckties. 

Gold and silver digital currencies on blockchain rails are coming - they are here - it is unstoppable - once BRICS flicks the switch we are off to the races. Gold and silver prices will start to reset and with Texas on the buy for $billions closely followed by several other US states - plus BRICS and the streetlong queue of countries applying to get in - control of the metals market will be taken from London / NYC. Their toilet paper contracts will be seen as just that and flushed away. Russia is developing her gold exchange, we have the one in Shanghai, Dubai will be a world gold hub. The jig is up. So many reasons for stacking metal right now. It only takes Beijing to say we have reset the gold price and it is done. They only need to say we sold and repurchased our 40 000 tonnes of gold at the 35 000 Yuan (about $5000) an ounce and we are backing the trade yuan or whatever it will be and it is done. They don't need to ask permission - He who has the gold makes the rules. The world is changing very fast and the West no longer has the upperhand.
 

I have mentioned gold and silver digital currencies on blockchain rails before - going back about 5 years or so. i have said that this is the way of honest money in the future.
The Indonesian president will be launching the PosGold / MetalGo gold monetary system - a collaboration of Kinesis and PT Pos the Indonesian Post Office on 23rd August 2023 - this coincides with the BRICS Summit in South Africa where a BRICS commodity based currency may be launched / will certainly be heavily discussed.
Now Texas is getting in on the act. In 2015 Texas passed legislation mandating the creation of a Gold Depository - this has now been built and is operational. Legislation 'C.S.H.B. 4903 seeks to make the depository more accessible and usable for Texans by providing for the issuance of gold and silver specie and the establishment of a digital currency based on gold and silver.'
'The comptroller of public accounts shall undertake to purchase during the state fiscal biennium beginning September 1, 2023: (1)  $4 billion worth of gold bullion; and (2) $1 billion worth of silver bullion.'
This is most certainly the funeral bell tolling for fiat. As best i know Kinesis has 9 other projects in addition to the Indonesian one which will all be sucking gold and silver out of the system and turning them into digital money. BRICS will have its gold and silver trade currency. Texans will have theirs. There will be more countries joining BRICS, there will be other states, all will have a keen appetite for precious metal. 
Sadly i expect the UK will not be at the party. All the treasure of the ages was stolen away and wasted.  
 

I have mentioned gold and silver digital currencies on blockchain rails before - going back about 5 years or so. i have said that this is the way of honest money in the future.
The Indonesian president will be launching the PosGold / MetalGo gold monetary system - a collaboration of Kinesis and PT Pos the Indonesian Post Office on 23rd August 2023 - this coincides with the BRICS Summit in South Africa where a BRICS commodity based currency may be launched / will certainly be heavily discussed.
Now Texas is getting in on the act. In 2015 Texas passed legislation mandating the creation of a Gold Depository - this has now been built and is operational. Legislation 'C.S.H.B. 4903 seeks to make the depository more accessible and usable for Texans by providing for the issuance of gold and silver specie and the establishment of a digital currency based on gold and silver.'
'The comptroller of public accounts shall undertake to purchase during the state fiscal biennium beginning September 1, 2023: (1)  $4 billion worth of gold bullion; and (2) $1 billion worth of silver bullion.'
This is most certainly the funeral bell tolling for fiat. As best i know Kinesis has 9 other projects in addition to the Indonesian one which will all be sucking gold and silver out of the system and turning them into digital money. BRICS will have its gold and silver trade currency. Texans will have theirs. There will be more countries joining BRICS, there will be other states, all will have a keen appetite for precious metal. 
Sadly i expect the UK will not be at the party. All the treasure of the ages was stolen away and wasted.