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Reputation Activity
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sixgun got a reaction from Aldebaran in Investment Advice Needed Please
Buy it on the Silver Forum - buy UK coins where possible. Buy what looks to be good value.
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sixgun got a reaction from PhilOdgny in Investment Advice Needed Please
In the most recent video on the Kinesis money channel Andrew Maguire talks to Andy Schectman (US precious metals dealer) about various things. It may be worth listening to.
https://www.youtube.com/watch?v=xnHxRF937Rg
They talk about the USD system collapsing - i hear the Kenyan president advise his people to get out of USD. This is good advice. Kenya will from hereon in buy oil in Kenyan shillings. Many countries are using their own currencies. This would be unthinkable a few years ago. The move out of the dollar has really accelerated. When the US / UK / EU started confescating assets of Russia and Russians at the outset of the Special Military Operation in Ukraine - that was the death sentence of Western fiat currencies - it was the death of the Western financial system. We have even seen France's TotalEnergies trading LPG with China in yuan. BRICS is trading more and more in their own currencies and the yuan. BRICS is expanding. We see China brokering peace between Iran and Saudi Arabia. The US will be levered out of Syria soon enough - it will be levered out of Iraq. The reign of the dollar is coming to an end. Dollar advocates imagine it will never happen or if it does it will take decades. They are in La La Land - this process is really accelerating now.
Think of all the dollars sloshing around - now imagine no-one wants them. Countries will buy in dollars (to get rid of them) but they won't take them in payment. They are dumping dollars back into the US system. As dollars flood back to the US there will be a huge bloating of the money supply - that means serious inflation. The knock on effect will take the whole house down. i heard there is 'Operation Sandman' where it is rumoured that 142 countries will act together to stop using the USD. i see the title of the Kinesis Money video talks about '100+ nations to simultaneously pull out of the dollar system' - Schechtman says it is more than 150 countries involved.
i mention this b/c it will mean paper assets will be crushed. Your shield and sword are gold and silver. Personally i would not get wrapped up in anything other than tangible assets. We are heading into a financial system collapse. At some point in the future you could switch your metal into property and other assets but as we head into the storm stay in gold and silver.
Schectman - the precious metals dealer recommends coins over larger bars. Think about liquidity. How easy will it be to sell if gold is £10k and silver £200 an ounce? Schectman suggests that the higher cost for coins is offset by their smaller size, how recognisible they are and that they are more liquid.
Don't buy gold bars - they are too easy to fake. Will the person you sell to have a verifier? Will they trust it is real?
i would buy a mix of gold and silver. i am very biased towards silver b/c i believe silver will appreciate much more against gold. i have been hearing more and more talk about the gold silver ratio go to sub-30. When the metals manipulation unwinds this will happen. i use the Kinesis Money system and i later this year i will shift into mostly silver. i lock in at whatever Gold Silver ratio it is. Then as the ratio falls i can switch into gold and get my gold at half price or one third the price.
So i would get some gold - sovereigns and some silver 1 oz coins. i have lots of silver bars but at the same time i have plenty of coins. i never buy gold bars. Keep them safe. Tell no-one. Buy metal off the forum as it usually works out cheaper.
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sixgun got a reaction from Aldebaran in Help to identify hallmarks on a Victorian(?) gold ring
The leopard is the London mark - the 18 is 18 ct - the T looks like 1894
The JH - this is the maker's mark - there are a number of JH's - it could be this JH who is John Hawley & Son of Cow Lane, Coventry. They were registered in 1887 so it could be them. i don't feel especially confident about the maker but it looks right.
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sixgun got a reaction from scotwasp in silver dilemma what to do
i see you are in France. Are you a UK tax resident or French?
Are you selling other stuff in this tax year?
If not, don't worry about it. Sell for cash on the forum and buy back sovereigns. Swaps are fiddly and you might not get the best price.
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sixgun got a reaction from HonestMoneyGoldSilver in Best silver memes
Some members are waiting for a dip in the silver price before they go all in. This guy here is waiting too.
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