-
The above Banner is a Sponsored Banner. Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.
SilverPirate007
Content Type
Forums
Premium Membership
Dealer Directory
Wiki
Videos
Prize Draws
Posts posted by SilverPirate007
-
-
-
3 hours ago, Hennypenny said:
I'm actually genuinely concerned about Wonger's mental health. He is clearly delusional.
He has a different view to many people. Nothing wrong with that.
-
1 minute ago, Witcher said:
that is just two examples, but there are a lot more than that... Greece... a few times... Venezuela recently.
even the States... though they merely manage to keep applying more band-aids. wait until all of those bandages burst.
I don't want it to because it will be ugly. At some point, righteousness does make a reformation occur.
The time of the Lord's long-suffering may come to an end... and who is prepared? (no pre-trib rapture so I hope no one believes in that false doctrine).I’m a prepper so I have no worries about any event. I just don’t think it likely. Just a personal opinion of course.
-
1 minute ago, Witcher said:
I am in the u S of A so I strictly mean the Federal Reserve, but i would bet that the rest of the governmental authorized fiat currency regulators operate the same.
But here, they don't let any private mints compete as currency/legal tender.But they can still mint silver? It’s the metal weight that matters or am I missing the point?
-
10 minutes ago, Witcher said:
I don't think anyone is saying that deflation does not exist or isn't important.
We know that they don't have to physically print. All they have to do is simply add a bunch of digital integers on a computer base.
We already see them NOT minting enough physical coins. Hence, creating a coin shortage.
What does that do? Increases the value of metals because there is demand and they limit the supply.
Everything they do is artificial. that is the whole point.... and the whole reason to hedge against it.Who is the ‘they’ there are private mints as well as government mints?
-
1 hour ago, MancunianStacker said:
Not always. Once the currency has lost all confidence people will spend it on anything to get rid of it as soon as they get paid. Some in Zimbabwe and Weimar would have spent it on gold if they could have found some for sale (why would the gold seller want their currency). I
It’s fine for smaller transactions like grocery shopping but when you are losing 40% a month in currency value then people will start selling their properties in ounces of gold instead (once they’ve cottoned on). Why would you want to lose 40% on your sale price etc.
I save in Gold like you too though, good move 👍🏻
Thanks, I convert around 80% of my disposable to PM. Although your post quotes two events in 150 years! I do think you are right though.
-
3 minutes ago, mr-dead said:
who faired better after the crash, someone holding their wealth in gold or cash in the bank?
I presume it would be far easier exchanging gold for dollars to buy local goods over worthless local currency?
No one holds gold in Zimbabwe
-
1 minute ago, mr-dead said:
it may have wider acceptance but does that make it "king" when it's purchasing power is eroded year on year and if you can't generate interest or a return exceeding inflation is a disaster long term?
Possibly but I reiterate, it will always be the accepted form of exchange for transfer of goods. Saying that I keep most of my wealth in anything but cash lol
- Roy and MancunianStacker
- 1
- 1
-
-
5 minutes ago, mr-dead said:
Not always,
Zimbabwe:
Germany:
We have a whole list here:
https://www.tripsavvy.com/worlds-most-worthless-currencies-4154597
Indeed, I have worked in Zambia and travelled in Zimbabwe. We are a very different kettle of fish though! I understand you recently bought your home. Did you pay in cash or gold?
- AuricGoldfinger and Roy
- 2
-
2 minutes ago, Witcher said:
I used to think that. now... in truth, cash is merely fool's gold. We can still obtain goods with cash... but for how long?
There is only a perception of value in cash. Once that perception is removed, it will be just like any other failed world currency.
Now, if cash were to be backed by gold like it originally was, then it would then be king of currency.
If another country like China were to be bold and challenge... and prop their currency up by backing it with gold, then the US could be in deep... sheeeet.
I don't think China would unless they made some weird rule as to not being able to exchange their currency for gold. That would make their challenge pointless and worthless.
It only works when one can exchange currency for something of value.I agree with you in many ways but much of what you say is theoretical and has been discussed endlessly by some on here. I just don’t see it ever happening. I may be wrong but it’s highly unlikely.
-
Just now, Witcher said:
That is why I sold some silver... and still selling some.
Now, both gold and silver could keep going up and never go down, and I would be okay with that.
It's not that I took a loss on what I sold, and a cat has to eat too.I think your approach is eminently sensible. Cash will always be king despite the SHTF promoters. I think silver is going to go on a bull run from here but one can never be certain, I hold about 25% of my assets in cash just in case.
-
-
52 minutes ago, Eco said:
What people dont undertand is how quickly the crash will come. Its going to bottom very very quickly, over only a few days.
At least be sensible and if you are overly invested, cash out some of your position.
I think predicting the future of any asset is largely guess work.
buying the dips if and when they occur can only really happen if one has cash to hand, so holding/converting some is sensible.
-
49 minutes ago, arphethean said:
Gutted, just tried to add a 2020 sov to my basket but the page has gone. Run out I guess.
Don’t worry they will be back in stock soon.
-
7 minutes ago, FullMetalJacket said:
You know what I mean. Premiums jumped post lockdown, not to mention the increase in gold.
Under £6k for a monster seems more like a dream than reality now.
Thanks for your answers. Really appreciate it.
They will get back to normal pricing within a year I suspect
-
11 minutes ago, Danny-boy said:
Can't believe these are still available.
What are the newbie questions?
I would snap these up right now if I hadn’t achieved my monthly silver target.
-
7 minutes ago, HerculeHolmes said:
I was thinking about it, but I'm not convinced 1 kilo bars are such a great idea. They must be a pain to sell on.
depends what price you offer I guess
-
I have been looking for a good platinum coin to invest in for a while now. I think holding fire until normality resins is a good call but the european mint and gold silver.be have some reasonably priced coins.
-
Just now, Jamesd said:
Direct from matt (smithy bullion)in australia I'm not sure as I managed to source these in the uk. I'll be ordering some from him directly later in the year but with the covid situation we wanted to wait. I picked these up for £25 an oz delivered so not cheap but I think worth every penny 😁
Totally agree but my next hand poured purchase will be from BYB I think
-
Very nice! What’s the price on those?
-
-
Congrats dude! Love your videos. Very well deserved!
-
5 minutes ago, GoldenPhil said:
That was a nice buy and sell
Luck I suspect. I couldn’t resist the drop on GVC though. Likewise Melrose and ABF.
Im going to move some more out of my cash ISA this week buy some more shares and silver.
GOLD DEALS - (UK & Europe) See a deal, post it here
in Gold
Posted
Harrington and Byrne, cheapest 2020 sovs you can buy. I have 8 below spot bought over the last 6 months.