GoldStandardPartyUK

9 minutes ago, James32 said:

Always thought similar to be fair....if I ever get into enough profit to have to worry about cgt then that's a good day indeed.

I used to be bothered but then I ran the numbers. I can't remember what it was but it was some crazy apocalypse mad max jump in silver price before I even need to pay it, but by then government has collapsed and people bartering their wedding rings for cat food 

Contraversy opinion:

If you are on this forum you don't need to worry about CGT. If you were so rich CGT mattered you would be taking advice from your money manager. The fact that brits / valiants / QBs etc are CGT free is a red herring.

So you're offering £21 per ounce? I think you will struggle to find a seller at that price? 

6 hours ago, Dan12345 said:

Why do we not see milk spots on old silver coins? Like crowns dollars coins 50/100 plus years old. None have milk spots 

One of the reasons I think we took a wrong turn making coins 999 or 9999 fine. There are many advantages of 925 over 999, I think 999 fine silver is too soft / easily scratched. I also think designs are too pristine and show up spots or flaws, like a white carpet, it is much better to have a pattern on a carpet to obscure marks. 

I heard on a kinesis podcast recently a silly comment that 9999 silver is better for their vaults because it looks cleaner. The difference between 9999 and 999 in a bar would be such a tiny amount of material you probably couldn't see it and is beyond the weight tolerance of the weight anyway! but retail consumers seem to want 9999 as if they'd gain more silver somehow. 

Can we report ebay to the police as permitting sale of counterfeit currency, against UK law and their own ToS. 

1 hour ago, Lyrinn said:

Sad, but true. 🙃

Never have I been more offended by something so true

Is mylar better? I got some saflip ones I think they are mylar

But great thing about markets, unlike politics or religion is you can put your money where your mouth is and vote with your feet.

1 hour ago, Happypanda88 said:

Are your milk bottles made out of solid gold and over 4kg each !? 🙃

The silver bar in question is allegedly one thousand troy ounces or 32.15 kilos. The chap (Andrew Maguire) lifted it so effortlessly.

I once carried a 500oz monster box upstairs and it wasn't as light as he made out on the video. He was lifting the equivalent of two monster boxes.

They are my hypothetical milk bottles they can be exactly as big as I want 😅😅😅😂

17 hours ago, sixgun said:

Question - in the Live from the Vault video at 40 seconds, Maguire lifts the 1000 oz bar.
Do you think it weighs 1000 oz. (two monster boxes)?

Is only 7.7 milk bottles. He's an old man but even old men can carry  7 bottles of milk

Just a quick one:   on ebay I put the filter on to show only sold items, those are definite sales, don't know if you do that already

Get ready for them to blame currency speculators and unpatriotic gold hoarders

Can we take a moment to notice how wholesome this community is, wise words from the old hands. 

Beats the reddit hype train any day

Why aren't we talking about how to destroy these or hand them to police?

I report them. I believe it's against ebay terms of use to sell counterfeit currency, I've reported dozens of fake bullion bars being sold as "replica" or some variant, ebay never get back to me about this 

In my opinion it should be treated like how we treat ammunition or dangerous chemicals, or hog weed plants, where each instance is logged somewhere and accounted for, destroyed if not explicitly needed. To just sell them on eBay is outrageous, my understanding is it's

1) against eBay Terms to sell any counterfeit bullion or currency, of any kind, 

2) and its actually illegal if the fake currency is in scope for the 1981 counterfeit currency law (this covers new money only I believe, I think pre decimal coins are out of scope)

@SkyfillerI don't know if you should hand those into the police?

Basically it's like starting a forum thread "is it okay if I start collecting bombs" -   from me it's a no

A bit of hype bubble popping

A bit of disenchantment 

A bit of feeling overextended

A bit of wait and see

5 hours ago, Gruff said:

I think the banksters know their game is up. 

Capitalism in it's current guise died in 2008, it's been kept on life support ever since. But since the Repo market crashed in September/October 2019 it's been dead, flat lining. 
I feel it's only a matter of time before the world wakes up to it as more and more information is getting out and people start to realise that we're about to enter a period of massive inflation for years. hence the massive push for CBDCs and the ultimate control of the system. 

The issue with the 2008 crash was that none of the banksters were jailed and there were no repercussions, so no lessons learned, bar the one for them that they will always get bailed out at the tax payers expense! 

Here here.

But you reached the right conclusion via the wrong route. 

I work for a bank, I know of what I speak. Banks have made huge changes since 2008, they are now in a regulatory straight jacket. The bank I work for essentially operates as an arm of the government. Regulators learned the wrong lessons in my opinion, they didn't take the road of free markets they went deeper into regulation having the effect of making it virtually impossible for the bank to fail, it's "risk off" everywhere. You should see the sausage factory that is product design process. Everything is determined by regulators, I have plenty of examples of the government strangling the banks. There are no banksters in banks mate, only bureaucracy of the timid, no innovation, everything is safety first.

I first heard about Kenisis on Palisades Gold Radio in April 2021. 

They have different products, I admit I got lost trying to understand the pros and cons of each

Need picture in focus

We've changed pattern. It was a wedge but we broke through the trend and I think we're now in a downward chute. Family offices/wealth funds will sell but the HODLers will HODL, coin collectors will collect. 

I guess this is the moment we find out if the conspiracy theory #silverqueeze #wallstreetsilver boys had a point or not. 

I just hope people managed their risk properly, we could have broken out to the up our down that was always a possibility.

Personally I was a big buyer at what we now know was a top. But I'm still able to say it was the right choice, I stuck to my strategy which was built up conscientiously. 

11 minutes ago, CollectorNo1 said:

...can you imagine the chaos if gold hit $5000 and silver£3000 next week..😱😱 there would be a enormous dump of both metals and we would back to where we are now..if not lower..

I think the price of silver could indeed be sustained at $300 even if the current stacker community dumped their silver on the market and the reason is number of people in the market. If the meme buyers and momentum traders want to catch the upward wind then if more people enter the market then amount of silver on the earth per stacker goes down, therefore if existing stackers dump the price could be sustained. It depends on the driver for why we reached $300, was it a supply shock or something more structural like the number of buyers went up, and what is the quality of their buy

I loved that GME stock meme 

The mainstream newspaper said apes cost the hedge fund 4.2 billion dollars, the apes replied.... So far

I think the most logical thing would be gold, cigars, whiskey,  these have intrinsic value like silver.

Unlike fiat currencies with no intrinsic value, usually used to buy consumables or items made from raw materials with only added value. 

36 minutes ago, SilveradoUK said:

, I am happy with paying tax  😃🤙

Happy? You can pay some of mine if you like 😂😂